Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Consolidated Statements of Operations

v3.24.1.u1
Unaudited Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Total revenues $ 1,470 [1] $ 1,606
Cost of goods sold 1,269 1,337
Gross profit 201 269
Operating expenses:    
Selling, general and administrative 176 188
Research and development 31 30
Restructuring, impairment and plant closing costs (credits) 11 (7)
Gain on acquisition of assets, net (52) 0
Prepaid asset write-off 71 0
Other operating loss (income), net 2 (3)
Total operating expenses 239 208
Operating (loss) income (38) 61
Interest expense, net (19) (18)
Equity in income of investment in unconsolidated affiliates 19 12
Other income, net 2 0
(Loss) income from continuing operations before income taxes (36) 55
Income tax benefit (expense) 20 (11)
(Loss) income from continuing operations (16) 44
(Loss) income from discontinued operations, net of tax (7) 122
Net (loss) income (23) 166
Net income attributable to noncontrolling interests (14) (13)
Net (loss) income attributable to Huntsman Corporation $ (37) $ 153
Basic (loss) income per share:    
(Loss) income from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share) $ (0.18) $ 0.17
(Loss) income from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax (in dollars per share) (0.04) 0.67
Net (loss) income attributable to Huntsman Corporation common stockholders (in dollars per share) $ (0.22) $ 0.84
Weighted average shares (in shares) 171.8 182.7
Diluted (loss) income per share:    
(Loss) income from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share) $ (0.18) $ 0.17
(Loss) income from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax (in dollars per share) (0.04) 0.66
Net (loss) income attributable to Huntsman Corporation common stockholders (in dollars per share) $ (0.22) $ 0.83
Weighted average shares (in shares) 171.8 184.4
Amounts attributable to Huntsman Corporation:    
(Loss) income from continuing operations $ (30) $ 31
(Loss) income from discontinued operations, net of tax (7) 122
Net (loss) income (37) 153
Total revenues 1,470 [1] 1,606
Cost of goods sold 1,269 1,337
Gross profit 201 269
Huntsman International LLC [Member]    
Revenues:    
Total revenues 1,470 1,606
Cost of goods sold 1,269 1,337
Gross profit 201 269
Operating expenses:    
Selling, general and administrative 174 186
Research and development 31 30
Restructuring, impairment and plant closing costs (credits) 11 (7)
Gain on acquisition of assets, net (52) 0
Prepaid asset write-off 71 0
Other operating loss (income), net 2 (3)
Total operating expenses 237 206
Operating (loss) income (36) 63
Interest expense, net (19) (18)
Equity in income of investment in unconsolidated affiliates 19 12
Other income, net 2 0
(Loss) income from continuing operations before income taxes (34) 57
Income tax benefit (expense) 20 (11)
(Loss) income from continuing operations (14) 46
(Loss) income from discontinued operations, net of tax (7) 122
Net (loss) income (21) 168
Net income attributable to noncontrolling interests (14) (13)
Net (loss) income attributable to Huntsman Corporation (35) 155
Amounts attributable to Huntsman Corporation:    
Total revenues 1,470 1,606
Cost of goods sold 1,269 1,337
Gross profit 201 269
Third Party Customers [Member]    
Revenues:    
Total revenues 1,436 1,573
Amounts attributable to Huntsman Corporation:    
Total revenues 1,436 1,573
Third Party Customers [Member] | Huntsman International LLC [Member]    
Revenues:    
Total revenues 1,436 1,573
Amounts attributable to Huntsman Corporation:    
Total revenues 1,436 1,573
Related Party Customers [Member]    
Revenues:    
Total revenues 34 33
Amounts attributable to Huntsman Corporation:    
Total revenues 34 33
Related Party Customers [Member] | Huntsman International LLC [Member]    
Revenues:    
Total revenues 34 33
Amounts attributable to Huntsman Corporation:    
Total revenues $ 34 $ 33
[1] Geographic information for revenues is based upon countries into which product is sold.