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)

6 Months Ended

Jun. 30, 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			(64	)			2				3				(59	)			(1	)			(60	)
Tax impact			—				—				—				—				—				—
Amounts reclassified from accumulated other comprehensive loss, gross⁽³⁾			—				13				—				13				—				13
Tax impact			—				(1	)			—				(1	)			—				(1	)
Net current-period other comprehensive (loss) income			(64	)			14				3				(47	)			(1	)			(48	)
Ending balance, June 30, 2024		$	(678	)		$	(642	)		$	—			$	(1,320	)		$	27			$	(1,293	)

						*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 loss before reclassifications, gross			(20	)			(24	)			—				(44	)			6				(38	)
Tax impact			—				2				—				2				—				2
Amounts reclassified from accumulated other comprehensive loss, gross⁽³⁾			28				77				—				105				—				105
Tax impact			(1	)			25				—				24				—				24
Net current-period other comprehensive income			7				80				—				87				6				93
Ending balance, June 30, 2023		$	(641	)		$	(572	)		$	7			$	(1,206	)		$	31			$	(1,175	)

						*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			(64	)			2				3				(59	)			(1	)			(60	)
Tax impact			—				—				—				—				—				—
Amounts reclassified from accumulated other comprehensive loss, gross⁽³⁾			—				13				—				13				—				13
Tax impact			—				(1	)			—				(1	)			—				(1	)
Net current-period other comprehensive (loss) income			(64	)			14				3				(47	)			(1	)			(48	)
Ending balance, June 30, 2024		$	(683	)		$	(618	)		$	(4	)		$	(1,305	)		$	27			$	(1,278	)

						*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 loss before reclassifications, gross			(20	)			(24	)			—				(44	)			6				(38	)
Tax impact			—				2				—				2				—				2
Amounts reclassified from accumulated other comprehensive loss, gross⁽³⁾			28				77				—				105				—				105
Tax impact			(1	)			25				—				24				—				24
Net current-period other comprehensive income			7				80				—				87				6				93
Ending balance, June 30, 2023		$	(646	)		$	(548	)		$	3			$	(1,191	)		$	31			$	(1,160	)

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

		*Three months ended June 30,*
		*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⁾⁽²⁾:		*comprehensive loss*				*comprehensive loss*				*is presented*
Amortization of pension and other postretirement benefits:
Prior service credit		$	(1	)		$	(3	)	⁽³⁾⁽⁴⁾	Other income, net
Actuarial loss			8				8		⁽³⁾⁽⁴⁾	Other income, net
			7				5			Total before tax
			—				1			Income tax expense
Total reclassifications for the period		$	7			$	6			Net of tax

		*Six months ended June 30,*
		*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⁾⁽²⁾:		*comprehensive loss*				*comprehensive loss*					*is presented*
Amortization of pension and other postretirement benefits:
Prior service credit		$	(3	)		$	(5	)		⁽³⁾⁽⁴⁾	Other income, net
Actuarial loss			16				16			⁽³⁾⁽⁴⁾	Other income, net
Curtailment gains			—				(1	)		⁽⁵⁾	Other income, net
Settlement losses			—				67			⁽⁵⁾	Other income, net
			13				77				Total before tax
			(1	)			25				Income tax expense
Total reclassifications for the period		$	12			$	102				Net of tax

		*Three months ended June 30,*
		*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⁾⁽²⁾:		*comprehensive loss*				*comprehensive loss*				*is presented*
Amortization of pension and other postretirement benefits:
Prior service credit		$	(1	)		$	(3	)	⁽³⁾⁽⁴⁾	Other income, net
Actuarial loss			8				8		⁽³⁾⁽⁴⁾	Other income, net
			7				5			Total before tax
			—				1			Income tax expense
Total reclassifications for the period		$	7			$	6			Net of tax

		*Six months ended June 30,*
		*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⁾⁽²⁾:		*comprehensive loss*				*comprehensive loss*					*is presented*
Amortization of pension and other postretirement benefits:
Prior service credit		$	(3	)		$	(5	)		⁽³⁾⁽⁴⁾	Other income, net
Actuarial loss			16				16			⁽³⁾⁽⁴⁾	Other income, net
Curtailment gains			—				(1	)		⁽⁵⁾	Other income, net
Settlement losses			—				67			⁽⁵⁾	Other income, net
			13				77				Total before tax
			(1	)			25				Income tax expense
Total reclassifications for the period		$	12			$	102				Net of tax