Huntsman Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 3 - Discontinued Operations (Tables)

Note 3 - Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2023

Disposal Groups, Including Discontinued Operations [Table Text Block]

	*December 31,*
	*2022*
Carrying amounts of major classes of assets held for sale:
Accounts receivable	$	133
Inventories		151
Other current assets		11
Property, plant and equipment, net		134
Deferred income taxes		13
Operating lease right-of-use assets		15
Other noncurrent assets		15
Total current assets held for sale(1)	$	472
Carrying amounts of major classes of liabilities held for sale:
Accounts payable	$	63
Accrued liabilities		47
Current operating lease liabilities		2
Noncurrent operating lease liabilities		17
Other noncurrent liabilities		65
Total current liabilities held for sale(1)	$	194

	*Three months*						*Nine months*
	*ended*						*ended*
	*September 30,*						*September 30,*
	*2023*			*2022*			*2023*			*2022*
Major line items constituting pretax (loss) income of discontinued operations:
Trade sales, services and fees, net	$	—		$	158		$	88		$	547
Cost of goods sold		—			127			69			420
Gain on sale of our Textile Effects Business		1			—			154			—
Other expense items, net		3			25			39			83
(Loss) income from discontinued operations before income taxes		(2	)		6			134			44
Income tax benefit (expense)		2			(7	)		(14	)		(14	)
Net (loss) income attributable to discontinued operations	$	—		$	(1	)	$	120		$	30

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

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+ Details