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

Quarterly report pursuant to Section 13 or 15(d)

Note 12 - Employee Benefit Plans

Note 12 - Employee Benefit Plans

6 Months Ended

Jun. 30, 2024

12. EMPLOYEE BENEFIT PLANS

Components of the net periodic benefit cost from continuing operations for the three and six months ended June 30, 2024 and 2023 were as follows (dollars in millions):

							*Other postretirement*
	*Defined benefit plans*						*benefit plans*
	*Three months*						*Three months*
	*ended*						*ended*
	*June 30,*						*June 30,*
	*2024*			*2023*			*2024*		*2023*
Service cost	$	6		$	7		$	—	$	—
Interest cost		22			23			—		1
Expected return on assets		(32	)		(32	)		—		—
Amortization of prior service benefit		(1	)		(1	)		—		(1	)
Amortization of actuarial loss		8			8			—		—
Special termination benefits		2			—			—		—
Net periodic benefit cost	$	5		$	5		$	—	$	—

							*Other postretirement*
	*Defined benefit plans*						*benefit plans*
	*Six months*						*Six months*
	*ended*						*ended*
	*June 30,*						*June 30,*
	*2024*			*2023*			*2024*			*2023*
Service cost	$	13		$	13		$	—		$	—
Interest cost		44			46			1			2
Expected return on assets		(64	)		(63	)		—			—
Amortization of prior service benefit		(2	)		(2	)		(1	)		(2	)
Amortization of actuarial loss		16			16			—			—
Special termination benefits		2			—			—			—
Net periodic benefit cost	$	9		$	10		$	—		$	—

During the six months ended June 30, 2024 and 2023, we made contributions to our pension and other postretirement benefit plans related to continuing operations of $17 million and $20 million, respectively. During the remainder of 2024, we expect to contribute an additional amount of approximately $15 million to these plans.

- Definition

The entire disclosure for retirement benefits.

+ References

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+ Details