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

Annual report pursuant to Section 13 and 15(d)

Note 24 - Accumulated Other Comprehensive Loss (Tables)

Note 24 - Accumulated Other Comprehensive Loss (Tables)

12 Months Ended

Dec. 31, 2023

Notes Tables

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

						*Pension and*				*Other*
		*Foreign*				*other*				*comprehensive*												*Amounts*				*Amounts*
		*currency*				*postretirement*				*income of*												*attributable to*				*attributable to*
		*translation*				*benefits*				*unconsolidated*												*noncontrolling*				*Huntsman*
		adjustment⁽¹⁾				adjustments⁽²⁾				*affiliates*				*Other, net*				*Total*				*interests*				*Corporation*
Beginning balance, January 1, 2023		$	(648	)		$	(652	)		$	2			$	5			$	(1,293	)		$	25			$	(1,268	)
Other comprehensive income (loss) before reclassifications, gross			7				(136	)			(7	)			(3	)			(139	)			3				(136	)
Tax impact			—				13				—				—				13				—				13
Amounts reclassified from accumulated other comprehensive loss, gross⁽³⁾			28				96				—				—				124				—				124
Tax impact			(1	)			23				—				—				22				—				22
Net current-period other comprehensive income (loss)			34				(4	)			(7	)			(3	)			20				3				23
Ending balance, December 31, 2023		$	(614	)		$	(656	)		$	(5	)		$	2			$	(1,273	)		$	28			$	(1,245	)

						*Pension and*				*Other*
		*Foreign*				*other*				*comprehensive*												*Amounts*				*Amounts*
		*currency*				*postretirement*				*income of*												*attributable to*				*attributable to*
		*translation*				*benefits*				*unconsolidated*												*noncontrolling*				*Huntsman*
		adjustment⁽¹⁾				adjustments⁽²⁾				*affiliates*				*Other, net*				*Total*				*interests*				*Corporation*
Beginning balance, January 1, 2022		$	(420	)		$	(810	)		$	8			$	6			$	(1,216	)		$	13			$	(1,203	)
Other comprehensive (loss) income before reclassifications, gross			(229	)			157				—				(1	)			(73	)			12				(61	)
Tax impact			1				(38	)			—				—				(37	)			—				(37	)
Amounts reclassified from accumulated other comprehensive loss, gross⁽³⁾			—				51				(6	)			—				45				—				45
Tax impact			—				(12	)			—				—				(12	)			—				(12	)
Net current-period other comprehensive (loss) income			(228	)			158				(6	)			(1	)			(77	)			12				(65	)
Ending balance, December 31, 2022		$	(648	)		$	(652	)		$	2			$	5			$	(1,293	)		$	25			$	(1,268	)

						*Pension*				*Other*
		*Foreign*				*and other*				*comprehensive*												*Amounts*				*Amounts*
		*currency*				*postretirement*				*income of*												*attributable to*				*attributable to*
		*translation*				*benefits*				*unconsolidated*												*noncontrolling*				*Huntsman*
		adjustment⁽¹⁾				adjustments⁽²⁾				*affiliates*				*Other, net*				*Total*				*interests*				*International*
Beginning balance, January 1, 2023		$	(653	)		$	(628	)		$	2			$	1			$	(1,278	)		$	25			$	(1,253	)
Other comprehensive income (loss) before reclassifications, gross			7				(136	)			(7	)			(3	)			(139	)			3				(136	)
Tax impact			—				13				—				—				13				—				13
Amounts reclassified from accumulated other comprehensive loss, gross⁽³⁾			28				96				—				—				124				—				124
Tax impact			(1	)			23				—				—				22				—				22
Net current-period other comprehensive income (loss)			34				(4	)			(7	)			(3	)			20				3				23
Ending balance, December 31, 2023		$	(619	)		$	(632	)		$	(5	)		$	(2	)		$	(1,258	)		$	28			$	(1,230	)

						*Pension*				*Other*
		*Foreign*				*and other*				*comprehensive*												*Amounts*				*Amounts*
		*currency*				*postretirement*				*income of*												*attributable to*				*attributable to*
		*translation*				*benefits*				*unconsolidated*												*noncontrolling*				*Huntsman*
		adjustment⁽¹⁾				adjustments⁽²⁾				*affiliates*				*Other, net*				*Total*				*interests*				*International*
Beginning balance, January 1, 2022		$	(424	)		$	(786	)		$	8			$	2			$	(1,200	)		$	13			$	(1,187	)
Other comprehensive (loss) income before reclassifications, gross			(230	)			157				—				(1	)			(74	)			12				(62	)
Tax impact			1				(38	)			—				—				(37	)			—				(37	)
Amounts reclassified from accumulated other comprehensive loss, gross⁽³⁾			—				51				(6	)			—				45				—				45
Tax impact			—				(12	)			—				—				(12	)			—				(12	)
Net current-period other comprehensive (loss) income			(229	)			158				(6	)			(1	)			(78	)			12				(66	)
Ending balance, December 31, 2022		$	(653	)		$	(628	)		$	2			$	1			$	(1,278	)		$	25			$	(1,253	)

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

		*Amounts reclassified*
		*from accumulated*
		*other*
		*comprehensive loss*												*Affected line item in*
Details about accumulated other		*Year ended December 31,*												*where net income*
comprehensive loss components⁽¹⁾:		*2023*				*2022*				*2021*				*is presented*
Amortization of pension and other postretirement benefits:
Actuarial loss		$	34			$	57			$	92		⁽²⁾⁽³⁾	Other income, net
Prior service credit			(10	)			(11	)			(12	)	⁽²⁾⁽³⁾	Other income, net
Settlement loss			73				5				3		⁽²⁾⁽⁴⁾	Other income, net
Curtailment gain			(1	)			—				—		⁽²⁾⁽⁴⁾	Other income, net
			96				51				83			Total before tax
			23				(12	)			(18	)		Income tax expense
Total reclassifications for the period		$	119			$	39			$	65			Net of tax

		*Amounts reclassified*
		*from accumulated*
		*other*
		*comprehensive loss*												*Affected line item in*
Details about accumulated other		*Year ended December 31,*												*where net income*
comprehensive loss components(1):		*2023*				*2022*				*2021*				*is presented*
Amortization of pension and other postretirement benefits:
Actuarial loss		$	34			$	57			$	95		⁽²⁾⁽³⁾	Other income, net
Prior service credit			(10	)			(11	)			(12	)	⁽²⁾⁽³⁾	Other income, net
Settlement loss			73				5				3		⁽²⁾⁽⁴⁾	Other income, net
Curtailment gain			(1	)			—				—		⁽²⁾⁽⁴⁾	Other income, net
			96				51				86			Total before tax
			23				(12	)			(17	)		Income tax expense
Total reclassifications for the period		$	119			$	39			$	69			Net of tax