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

9 Months Ended

Sep. 30, 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 September 30, 2024 and 2023 (dollars in millions):

			*Performance*		*Advanced*		*Corporate and*
2024	*Polyurethanes*		*Products*		*Materials*		*eliminations*			*Total*
Primary geographic markets⁽¹⁾
U.S. and Canada	$	391	$	126	$	76	$	—		$	593
Europe		248		59		94		(3	)		398
Asia Pacific		276		72		72		(1	)		419
Rest of world		88		23		19		—			130
	$	1,003	$	280	$	261	$	(4	)	$	1,540

Major product groupings
Diversified	$	1,003	$	280						$	1,283
Specialty					$	250					250
Other						11					11
Eliminations							$	(4	)		(4	)
	$	1,003	$	280	$	261	$	(4	)	$	1,540

			*Performance*		*Advanced*		*Corporate and*
2023	*Polyurethanes*		*Products*		*Materials*		*eliminations*			*Total*
Primary geographic markets⁽¹⁾
U.S. and Canada	$	364	$	132	$	82	$	(4	)	$	574
Europe		255		57		96		(2	)		406
Asia Pacific		276		65		68		—			409
Rest of world		72		23		22		—			117
	$	967	$	277	$	268	$	(6	)	$	1,506

Major product groupings
Diversified	$	967	$	277						$	1,244
Specialty					$	256					256
Other						12					12
Eliminations							$	(6	)		(6	)
	$	967	$	277	$	268	$	(6	)	$	1,506

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

The following tables disaggregate our revenue from continuing operations by major source for the nine months ended September 30, 2024 and 2023 (dollars in millions):

			*Performance*		*Advanced*		*Corporate and*
2024	*Polyurethanes*		*Products*		*Materials*		*eliminations*			*Total*
Primary geographic markets⁽¹⁾
U.S. and Canada	$	1,155	$	399	$	228	$	(4	)	$	1,778
Europe		737		180		306		(11	)		1,212
Asia Pacific		796		220		208		(2	)		1,222
Rest of world		242		71		59		—			372
	$	2,930	$	870	$	801	$	(17	)	$	4,584

Major product groupings
Diversified	$	2,930	$	870							3,800
Specialty					$	764					764
Other						37					37
Eliminations							$	(17	)		(17	)
	$	2,930	$	870	$	801	$	(17	)	$	4,584

			*Performance*		*Advanced*		*Corporate and*
2023	*Polyurethanes*		*Products*		*Materials*		*eliminations*			*Total*
Primary geographic markets⁽¹⁾
U.S. and Canada	$	1,138	$	429	$	254	$	(9	)	$	1,812
Europe		805		199		322		(11	)		1,315
Asia Pacific		794		218		199		(1	)		1,210
Rest of world		233		72		66		—			371
	$	2,970	$	918	$	841	$	(21	)	$	4,708

Major product groupings
Diversified	$	2,970	$	918							3,888
Specialty					$	791					791
Other						50					50
Eliminations							$	(21	)		(21	)
	$	2,970	$	918	$	841	$	(21	)	$	4,708

(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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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