Quarterly report pursuant to Section 13 or 15(d)

Note 13 - Accumulated Other Comprehensive Loss (Tables)

v3.23.2
Note 13 - Accumulated Other Comprehensive Loss (Tables)
6 Months Ended
Jun. 30, 2023
Notes Tables  
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
           

Pension

   

Other

                                 
   

Foreign

   

and other

   

comprehensive

                   

Amounts

   

Amounts

 
   

currency

   

postretirement

   

income of

                   

attributable to

   

attributable to

 
   

translation

   

benefits

   

unconsolidated

                   

noncontrolling

   

Huntsman

 
   

adjustments(a)

   

adjustments(b)

   

affiliates

   

Other, net

   

Total

   

interests

   

Corporation

 

Beginning balance, January 1, 2023

  $ (648 )   $ (652 )   $ 2     $ 5     $ (1,293 )   $ 25     $ (1,268 )

Other comprehensive loss before reclassifications, gross

    (20 )     (24 )                 (44 )     6       (38 )

Tax impact

          2                   2             2  

Amounts reclassified from accumulated other comprehensive loss, gross(c)

    28       77                   105             105  

Tax impact

    (1 )     25                   24             24  

Net current-period other comprehensive income

    7       80                   87       6       93  

Ending balance, June 30, 2023

  $ (641 )   $ (572 )   $ 2     $ 5     $ (1,206 )   $ 31     $ (1,175 )
           

Pension

   

Other

                                 
   

Foreign

   

and other

   

comprehensive

                   

Amounts

   

Amounts

 
   

currency

   

postretirement

   

income of

                   

attributable to

   

attributable to

 
   

translation

   

benefits

   

unconsolidated

                   

noncontrolling

   

Huntsman

 
   

adjustments(a)

   

adjustments(b)

   

affiliates

   

Other, net

   

Total

   

interests

   

Corporation

 

Beginning balance, January 1, 2022

  $ (420 )   $ (810 )   $ 8     $ 6     $ (1,216 )   $ 13     $ (1,203 )

Other comprehensive loss before reclassifications, gross

    (134 )                 (1 )     (135 )     8       (127 )

Tax impact

                                         

Amounts reclassified from accumulated other comprehensive loss, gross(c)

          24                   24             24  

Tax impact

          (6 )                 (6 )           (6 )

Net current-period other comprehensive (loss) income

    (134 )     18             (1 )     (117 )     8       (109 )

Ending balance, June 30, 2022

  $ (554 )   $ (792 )   $ 8     $ 5     $ (1,333 )   $ 21     $ (1,312 )
           

Pension

   

Other

                                 
   

Foreign

   

and other

   

comprehensive

                   

Amounts

   

Amounts

 
   

currency

   

postretirement

   

income of

                   

attributable to

   

attributable to

 
   

translation

   

benefits

   

unconsolidated

                   

noncontrolling

   

Huntsman

 
   

adjustments(a)

   

adjustments(b)

   

affiliates

   

Other, net

   

Total

   

interests

   

International

 

Beginning balance, January 1, 2023

  $ (653 )   $ (628 )   $ 2     $ 1     $ (1,278 )   $ 25     $ (1,253 )

Other comprehensive loss before reclassifications, gross

    (20 )     (24 )                 (44 )     6       (38 )

Tax impact

          2                   2             2  

Amounts reclassified from accumulated other comprehensive loss, gross(c)

    28       77                   105             105  

Tax impact

    (1 )     25                   24             24  

Net current-period other comprehensive income

    7       80                   87       6       93  

Ending balance, June 30, 2023

  $ (646 )   $ (548 )   $ 2     $ 1     $ (1,191 )   $ 31     $ (1,160 )
           

Pension

   

Other

                                 
   

Foreign

   

and other

   

comprehensive

                   

Amounts

   

Amounts

 
   

currency

   

postretirement

   

income of

                   

attributable to

   

attributable to

 
   

translation

   

benefits

   

unconsolidated

                   

noncontrolling

   

Huntsman

 
   

adjustments(a)

   

adjustments(b)

   

affiliates

   

Other, net

   

Total

   

interests

   

International

 

Beginning balance, January 1, 2022

  $ (424 )   $ (786 )   $ 8     $ 2     $ (1,200 )   $ 13     $ (1,187 )

Other comprehensive loss before reclassifications, gross

    (135 )                 (1 )     (136 )     8       (128 )

Tax impact

                                         

Amounts reclassified from accumulated other comprehensive loss, gross(c)

          24                   24             24  

Tax impact

          (6 )                 (6 )           (6 )

Net current-period other comprehensive (loss) income

    (135 )     18             (1 )     (118 )     8       (110 )

Ending balance, June 30, 2022

  $ (559 )   $ (768 )   $ 8     $ 1     $ (1,318 )   $ 21     $ (1,297 )
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]
   

Three Months Ended June 30,

     
   

2023

   

2022

     
   

Amounts reclassified

   

Amounts reclassified

   

Affected line item in

   

from accumulated

   

from accumulated

   

the statement

Details about accumulated other

 

other

   

other

   

where net income

comprehensive loss components(a):

 

comprehensive loss

   

comprehensive loss

   

is presented

Amortization of pension and other postretirement benefits:

                   

Prior service credit

  $ (3 )   $ (3 )

(b)(c)

Other income, net

Actuarial loss

    8       14  

(b)(c)

Other income, net

      5       11    

Total before tax

      1       (2 )  

Income tax expense

Total reclassifications for the period

  $ 6     $ 9    

Net of tax

   

Six Months Ended June 30,

     
   

2023

   

2022

     
   

Amounts reclassified

   

Amounts reclassified

   

Affected line item in

   

from accumulated

   

from accumulated

   

the statement

Details about accumulated other

 

other

   

other

   

where net income

comprehensive loss components(a):

 

comprehensive loss

   

comprehensive loss

   

is presented

Amortization of pension and other postretirement benefits:

                   

Prior service credit

  $ (5 )   $ (5 )

(b)(c)

Other income, net

Actuarial loss

    16       29  

(b)(c)

Other income, net

Curtailment gains

    (1 )      

(d)

Other income, net

Settlement losses

    67        

(d)

Other income, net

      77       24    

Total before tax

      25       (6 )  

Income tax expense

Total reclassifications for the period

  $ 102     $ 18    

Net of tax

   

Three Months Ended June 30,

     
   

2023

   

2022

     
   

Amounts reclassified

   

Amounts reclassified

   

Affected line item in

   

from accumulated

   

from accumulated

   

the statement

Details about accumulated other

 

other

   

other

   

where net income

comprehensive loss components(a):

 

comprehensive loss

   

comprehensive loss

   

is presented

Amortization of pension and other postretirement benefits:

                   

Prior service credit

  $ (3 )   $ (3 )

(b)(c)

Other income, net

Actuarial loss

    8       14  

(b)(c)

Other income, net

      5       11    

Total before tax

      1       (2 )  

Income tax expense

Total reclassifications for the period

  $ 6     $ 9    

Net of tax

   

Six Months Ended June 30,

     
   

2023

   

2022

     
   

Amounts reclassified

   

Amounts reclassified

   

Affected line item in

   

from accumulated

   

from accumulated

   

the statement

Details about accumulated other

 

other

   

other

   

where net income

comprehensive loss components(a):

 

comprehensive loss

   

comprehensive loss

   

is presented

Amortization of pension and other postretirement benefits:

                   

Prior service credit

  $ (5 )   $ (5 )

(b)(c)

Other income, net

Actuarial loss

    16       29  

(b)(c)

Other income, net

Curtailment gains

    (1 )      

(d)

Other income, net

Settlement losses

    67        

(d)

Other income, net

      77       24    

Total before tax

      25       (6 )  

Income tax expense

Total reclassifications for the period

  $ 102     $ 18    

Net of tax