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

Quarterly report pursuant to Section 13 or 15(d)

Note 11 - Revenue Recognition

Note 11 - Revenue Recognition

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Text Block]

11. REVENUE RECOGNITION

The following tables disaggregate our revenue from continuing operations by major source for the three months ended March 31, 2024 and 2023 (dollars in millions):

			*Performance*		*Advanced*		*Corporate and*
2024	*Polyurethanes*		*Products*		*Materials*		*eliminations*			*Total*
Primary geographic markets⁽¹⁾
U.S. and Canada	$	370	$	137	$	73	$	(3	)	$	577
Europe		240		61		107		(4	)		404
Asia Pacific		243		71		62		(1	)		375
Rest of world		73		22		19		—			114
	$	926	$	291	$	261	$	(8	)	$	1,470

Major product groupings
Diversified	$	926	$	291						$	1,217
Specialty					$	246					246
Other						15					15
Eliminations							$	(8	)		(8	)
	$	926	$	291	$	261	$	(8	)	$	1,470

			*Performance*		*Advanced*		*Corporate and*
2023	*Polyurethanes*		*Products*		*Materials*		*eliminations*			*Total*
Primary geographic markets⁽¹⁾
U.S. and Canada	$	386	$	157	$	89	$	(3	)	$	629
Europe		272		74		116		(4	)		458
Asia Pacific		258		79		62		(1	)		398
Rest of world		75		24		22		—			121
	$	991	$	334	$	289	$	(8	)	$	1,606

Major product groupings
Diversified	$	991	$	334						$	1,325
Specialty					$	268					268
Other						21					21
Eliminations							$	(8	)		(8	)
	$	991	$	334	$	289	$	(8	)	$	1,606

(1)	Geographic information for revenues is based upon countries into which product is sold.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
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-URI https://asc.fasb.org/606/tableOfContent

+ Details