Huntsman Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Note 4 - Discontinued Operations and Business Dispositions (Tables)

Note 4 - Discontinued Operations and Business Dispositions (Tables)

12 Months Ended

Dec. 31, 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 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 liabilities held for sale⁽¹⁾	$	194

	*Year ended December 31,*
	*2023*			*2022*			*2021*
Major line items constituting pretax income of discontinued operations:
Trade sales, services and fees, net⁽¹⁾	$	88		$	692		$	783
Cost of goods sold⁽¹⁾		(69	)		(531	)		(592	)
Gain on sale of the Textile Effects Business		154			—			—
Other expense items, net		(38	)		(130	)		(121	)
Income from discontinued operations before income taxes		135			31			70
Income tax expense		(17	)		(19	)		(21	)
Income from discontinued operations, net of tax		118			12			49
Net income attributable to noncontrolling interests		—			(3	)		—
Net income attributable to discontinued operations	$	118		$	9		$	49

- 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