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

9 Months Ended

Sep. 30, 2024

12. EMPLOYEE BENEFIT PLANS

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

							*Other postretirement*
	*Defined benefit plans*						*benefit plans*
	*Three months*						*Three months*
	*ended*						*ended*
	*September 30,*						*September 30,*
	*2024*			*2023*			*2024*			*2023*
Service cost	$	7		$	6		$	—		$	1
Interest cost		23			24			1			—
Expected return on assets		(32	)		(32	)		—			—
Amortization of prior service benefit		(2	)		(2	)		(1	)		(2	)
Amortization of actuarial loss		9			9			—			—
Net periodic benefit cost	$	5		$	5		$	—		$	(1	)

							*Other postretirement*
	*Defined benefit plans*						*benefit plans*
	*Nine months*						*Nine months*
	*ended*						*ended*
	*September 30,*						*September 30,*
	*2024*			*2023*			*2024*			*2023*
Service cost	$	20		$	19		$	—		$	1
Interest cost		67			70			2			2
Expected return on assets		(96	)		(95	)		—			—
Amortization of prior service benefit		(4	)		(4	)		(2	)		(4	)
Amortization of actuarial loss		25			25			—			—
Special termination benefits		2			—			—			—
Net periodic benefit cost	$	14		$	15		$	—		$	(1	)

During the nine months ended September 30, 2024 and 2023, we made contributions to our pension and other postretirement benefit plans related to continuing operations of $26 million and $41 million, respectively. During the remainder of 2024, we expect to contribute an additional amount of approximately $8 million to these plans.

- Definition

The entire disclosure for retirement benefits.

+ References

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+ Details