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

Quarterly report pursuant to Section 13 or 15(d)

Note 14 - Accumulated Other Comprehensive Loss (Tables)

Note 14 - Accumulated Other Comprehensive Loss (Tables)

3 Months Ended

Mar. 31, 2024

Notes Tables

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

						*Pension*
		*Foreign*				*and other*												*Amounts*				*Amounts*
		*currency*				*postretirement*												*attributable to*				*attributable to*
		*translation*				*benefits*												*noncontrolling*				*Huntsman*
		adjustments⁽¹⁾				adjustments⁽²⁾				*Other, net*				*Total*				*interests*				*Corporation*
Beginning balance, January 1, 2024		$	(614	)		$	(656	)		$	(3	)		$	(1,273	)		$	28			$	(1,245	)
Other comprehensive (loss) income before reclassifications, gross			(36	)			2				5				(29	)			(1	)			(30	)
Tax impact			—				—				—				—				—				—
Amounts reclassified from accumulated other comprehensive loss, gross⁽³⁾			—				6				—				6				—				6
Tax impact			—				—				—				—				—				—
Net current-period other comprehensive (loss) income			(36	)			8				5				(23	)			(1	)			(24	)
Ending balance, March 31, 2024		$	(650	)		$	(648	)		$	2			$	(1,296	)		$	27			$	(1,269	)

						*Pension*
		*Foreign*				*and other*												*Amounts*				*Amounts*
		*currency*				*postretirement*												*attributable to*				*attributable to*
		*translation*				*benefits*												*noncontrolling*				*Huntsman*
		adjustments⁽¹⁾				adjustments⁽²⁾				*Other, net*				*Total*				*interests*				*Corporation*
Beginning balance, January 1, 2023		$	(648	)		$	(652	)		$	7			$	(1,293	)		$	25			$	(1,268	)
Other comprehensive income (loss) before reclassifications, gross			27				(24	)			(1	)			2				(2	)			—
Tax impact			—				2				—				2				—				2
Amounts reclassified from accumulated other comprehensive loss, gross⁽³⁾			28				72				—				100				—				100
Tax impact			(1	)			24				—				23				—				23
Net current-period other comprehensive income (loss)			54				74				(1	)			127				(2	)			125
Ending balance, March 31, 2023		$	(594	)		$	(578	)		$	6			$	(1,166	)		$	23			$	(1,143	)

						*Pension*
		*Foreign*				*and other*												*Amounts*				*Amounts*
		*currency*				*postretirement*												*attributable to*				*attributable to*
		*translation*				*benefits*												*noncontrolling*				*Huntsman*
		adjustments⁽¹⁾				adjustments⁽²⁾				*Other, net*				*Total*				*interests*				*International*
Beginning balance, January 1, 2024		$	(619	)		$	(632	)		$	(7	)		$	(1,258	)		$	28			$	(1,230	)
Other comprehensive (loss) income before reclassifications, gross			(36	)			2				5				(29	)			(1	)			(30	)
Tax impact			—				—				—				—				—				—
Amounts reclassified from accumulated other comprehensive loss, gross⁽³⁾			—				6				—				6				—				6
Tax impact			—				—				—				—				—				—
Net current-period other comprehensive (loss) income			(36	)			8				5				(23	)			(1	)			(24	)
Ending balance, March 31, 2024		$	(655	)		$	(624	)		$	(2	)		$	(1,281	)		$	27			$	(1,254	)

						Pension
		*Foreign*				*and other*												*Amounts*				*Amounts*
		*currency*				*postretirement*												*attributable to*				*attributable to*
		*translation*				*benefits*												*noncontrolling*				*Huntsman*
		adjustments⁽¹⁾				adjustments⁽²⁾				*Other, net*				*Total*				*interests*				*International*
Beginning balance, January 1, 2023		$	(653	)		$	(628	)		$	3			$	(1,278	)		$	25			$	(1,253	)
Other comprehensive income (loss) before reclassifications, gross			27				(24	)			—				3				(2	)			1
Tax impact			—				2				—				2				—				2
Amounts reclassified from accumulated other comprehensive loss, gross⁽³⁾			28				72				—				100				—				100
Tax impact			(1	)			24				—				23				—				23
Net current-period other comprehensive (loss) income			54				74				—				128				(2	)			126
Ending balance, March 31, 2023		$	(599	)		$	(554	)		$	3			$	(1,150	)		$	23			$	(1,127	)

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

		*Three months ended March 31,*
		*2024*				*2023*
		*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⁽¹⁾:		*comprehensive loss*				*comprehensive loss*				*is presented*
Amortization of pension and other postretirement benefits:
Prior service credit		$	(2	)		$	(2	)	⁽²⁾⁽³⁾	Other income, net
Actuarial loss			8				8		⁽²⁾⁽³⁾	Other income, net
Curtailment gains			—				(1	)	⁽²⁾⁽⁴⁾	Other income, net
Settlement losses			—				67		⁽²⁾⁽⁴⁾	Other income, net
			6				72			Total before tax
			—				24			Income tax expense
Total reclassifications for the period		$	6			$	96			Net of tax

		*Three months ended March 31,*
		*2024*				*2023*
		*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⁽¹⁾:		*comprehensive loss*				*comprehensive loss*				*is presented*
Amortization of pension and other postretirement benefits:
Prior service credit		$	(2	)		$	(2	)	⁽²⁾⁽³⁾	Other income, net
Actuarial loss			8				8		⁽²⁾⁽³⁾	Other income, net
Curtailment gains			—				(1	)	⁽²⁾⁽⁴⁾	Other income, net
Settlement losses			—				67		⁽²⁾⁽⁴⁾	Other income, net
			6				72			Total before tax
			—				24			Income tax expense
Total reclassifications for the period		$	6			$	96			Net of tax