Quarterly report pursuant to Section 13 or 15(d)

Note 18 - Earnings Per Share

v3.23.3
Note 18 - Earnings Per Share
9 Months Ended
Sep. 30, 2023
Notes to Financial Statements  
Earnings Per Share [Text Block]

18. EARNINGS PER SHARE

Basic income per share excludes dilution and is computed by dividing net income attributable to Huntsman Corporation by the weighted average number of shares outstanding during the period. Diluted income per share reflects all potential dilutive common shares outstanding during the period and is computed by dividing net income attributable to Huntsman Corporation by the weighted average number of shares outstanding during the period increased by the number of additional shares that would have been outstanding as potential dilutive securities. Diluted income per share is computed using the treasury stock method for all stock-based awards.

Basic and diluted income per share is determined using the following information (in millions):

 

   

Three months

   

Nine months

 
   

ended

   

ended

 
   

September 30,

   

September 30,

 
   

2023

   

2022

   

2023

   

2022

 

Numerator:

                               

Income from continuing operations attributable to Huntsman Corporation

  $     $ 101     $ 52     $ 521  

Net income attributable to Huntsman Corporation

  $     $ 100     $ 172     $ 551  
                                 

Denominator:

                               

Weighted average shares outstanding

    175.7       197.7       179.1       205.2  

Dilutive shares:

                               

Stock-based awards

    1.3       1.5       1.4       2.0  

Total weighted average shares outstanding, including dilutive shares

    177.0       199.2       180.5       207.2  

​  ​

Additional stock-based awards of approximately 1.4 million and 1.3 million weighted average equivalent shares of stock were outstanding during the three months ended September 30, 2023 and 2022, respectively, and approximately 1.8 million and 0.9 million weighted average equivalent shares of stock were outstanding during the nine months ended September 30, 2023 and 2022, respectively. However, these stock-based awards were not included in the computation of diluted income per share for the respective periods mentioned above because the effect would be anti-dilutive.