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

Quarterly report pursuant to Section 13 or 15(d)

Note 13 - Accumulated Other Comprehensive Loss (Tables)

Note 13 - Accumulated Other Comprehensive Loss (Tables)

9 Months Ended

Sep. 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			(65	)			(24	)			(7	)			(2	)			(98	)			5				(93	)
Tax impact			(1	)			2				—				—				1				—				1
Amounts reclassified from accumulated other comprehensive loss, gross(c)			28				83				—				—				111				—				111
Tax impact			(1	)			25				—				—				24				—				24
Net current-period other comprehensive (loss) income			(39	)			86				(7	)			(2	)			38				5				43
Ending balance, September 30, 2023		$	(687	)		$	(566	)		$	(5	)		$	3			$	(1,255	)		$	30			$	(1,225	)

						*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			(338	)			—				—				(1	)			(339	)			17				(322	)
Tax impact			—				—				—				—				—				—				—
Amounts reclassified from accumulated other comprehensive loss, gross(c)			—				36				—				—				36				—				36
Tax impact			—				(8	)			—				—				(8	)			—				(8	)
Net current-period other comprehensive (loss) income			(338	)			28				—				(1	)			(311	)			17				(294	)
Ending balance, September 30, 2022		$	(758	)		$	(782	)		$	8			$	5			$	(1,527	)		$	30			$	(1,497	)

						*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			(65	)			(24	)			(7	)			(2	)			(98	)			5				(93	)
Tax impact			(1	)			2				—				—				1				—				1
Amounts reclassified from accumulated other comprehensive loss, gross(c)			28				83				—				—				111				—				111
Tax impact			(1	)			25				—				—				24				—				24
Net current-period other comprehensive (loss) income			(39	)			86				(7	)			(2	)			38				5				43
Ending balance, September 30, 2023		$	(692	)		$	(542	)		$	(5	)		$	(1	)		$	(1,240	)		$	30			$	(1,210	)

						*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			(339	)			—				—				(1	)			(340	)			17				(323	)
Tax impact			—				—				—				—				—				—				—
Amounts reclassified from accumulated other comprehensive loss, gross(c)			—				36				—				—				36				—				36
Tax impact			—				(8	)			—				—				(8	)			—				(8	)
Net current-period other comprehensive (loss) income			(339	)			28				—				(1	)			(312	)			17				(295	)
Ending balance, September 30, 2022		$	(763	)		$	(758	)		$	8			$	1			$	(1,512	)		$	30			$	(1,482	)

Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]

		*Three Months Ended September 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	)		$	(3	)	^(b)(c)	Other income, net
Actuarial loss			17				15		^(b)(c)	Other income, net
			12				12			Total before tax
			—				(2	)		Income tax expense
Total reclassifications for the period		$	12			$	10			Net of tax

		*Nine Months Ended September 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		$	(8	)		$	(8	)	^(b)(c)	Other income, net
Actuarial loss			25				44		^(b)(c)	Other income, net
Curtailment gains			(1	)			—		^(d)	Other income, net
Settlement losses			67				—		^(d)	Other income, net
			83				36			Total before tax
			25				(8	)		Income tax expense
Total reclassifications for the period		$	108			$	28			Net of tax

		*Three Months Ended September 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	)		$	(3	)	^(b)(c)	Other income, net
Actuarial loss			17				15		^(b)(c)	Other income, net
			12				12			Total before tax
			—				(2	)		Income tax expense
Total reclassifications for the period		$	12			$	10			Net of tax

		*Nine Months Ended September 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		$	(8	)		$	(8	)	^(b)(c)	Other income, net
Actuarial loss			25				44		^(b)(c)	Other income, net
Curtailment gains			(1	)			—		^(d)	Other income, net
Settlement losses			67				—		^(d)	Other income, net
			83				36			Total before tax
			25				(8	)		Income tax expense
Total reclassifications for the period		$	108			$	28			Net of tax