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)

9 Months Ended

Sep. 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 income before reclassifications, gross			(9	)			2				4				(3	)			(4	)			(7	)
Tax impact			1				—				—				1				—				1
Amounts reclassified from accumulated other comprehensive loss, gross⁽³⁾			9				19				—				28				—				28
Tax impact			—				(1	)			—				(1	)			—				(1	)
Net current-period other comprehensive income			1				20				4				25				(4	)			21
Ending balance, September 30, 2024		$	(613	)		$	(636	)		$	1			$	(1,248	)		$	24			$	(1,224	)

						*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			(65	)			(24	)			(9	)			(98	)			5				(93	)
Tax impact			(1	)			2				—				1				—				1
Amounts reclassified from accumulated other comprehensive loss, gross⁽³⁾			28				83				—				111				—				111
Tax impact			(1	)			25				—				24				—				24
Net current-period other comprehensive (loss) income			(39	)			86				(9	)			38				5				43
Ending balance, September 30, 2023		$	(687	)		$	(566	)		$	(2	)		$	(1,255	)		$	30			$	(1,225	)

						*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 income before reclassifications, gross			(9	)			2				4				(3	)			(4	)			(7	)
Tax impact			1				—				—				1				—				1
Amounts reclassified from accumulated other comprehensive loss, gross⁽³⁾			9				19				—				28				—				28
Tax impact			—				(1	)			—				(1	)			—				(1	)
Net current-period other comprehensive income			1				20				4				25				(4	)			21
Ending balance, September 30, 2024		$	(618	)		$	(612	)		$	(3	)		$	(1,233	)		$	24			$	(1,209	)

						*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			(65	)			(24	)			(9	)			(98	)			5				(93	)
Tax impact			(1	)			2				—				1				—				1
Amounts reclassified from accumulated other comprehensive loss, gross⁽³⁾			28				83				—				111				—				111
Tax impact			(1	)			25				—				24				—				24
Net current-period other comprehensive (loss) income			(39	)			86				(9	)			38				5				43
Ending balance, September 30, 2023		$	(692	)		$	(542	)		$	(6	)		$	(1,240	)		$	30			$	(1,210	)

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

		*Three months ended September 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 (expense), net
Actuarial loss			9				17		⁽³⁾⁽⁴⁾	Other income (expense), net
			6				12			Total before tax
			—				—			Income tax expense
Total reclassifications for the period		$	6			$	12			Net of tax

		*Nine Months Ended September 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		$	(6	)		$	(8	)		⁽³⁾⁽⁴⁾	Other income (expense), net
Actuarial loss			25				25			⁽³⁾⁽⁴⁾	Other income (expense), net
Curtailment gains			—				(1	)		⁽⁵⁾	Other income (expense), net
Settlement losses			—				67			⁽⁵⁾	Other income (expense), net
			19				83				Total before tax
			(1	)			25				Income tax expense
Total reclassifications for the period		$	18			$	108				Net of tax

		*Three months ended September 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 (expense), net
Actuarial loss			9				17		⁽³⁾⁽⁴⁾	Other income (expense), net
			6				12			Total before tax
			—				—			Income tax expense
Total reclassifications for the period		$	6			$	12			Net of tax

		*Nine Months Ended September 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		$	(6	)		$	(8	)		⁽³⁾⁽⁴⁾	Other income (expense), net
Actuarial loss			25				25			⁽³⁾⁽⁴⁾	Other income (expense), net
Curtailment gains			—				(1	)		⁽⁵⁾	Other income (expense), net
Settlement losses			—				67			⁽⁵⁾	Other income (expense), net
			19				83				Total before tax
			(1	)			25				Income tax expense
Total reclassifications for the period		$	18			$	108				Net of tax