Quarterly report pursuant to Section 13 or 15(d)

Note 14 - Accumulated Other Comprehensive Loss - Reclassification Details (Details)

v3.24.3
Note 14 - Accumulated Other Comprehensive Loss - Reclassification Details (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Accumulated Defined Benefit Plans Adjustment, Net Prior Service Including Portion Attributable to Noncontrolling Interest [Member]        
Amounts reclassified from accumulated other comprehensive loss, gross [1],[2],[3] $ (3) $ (5) $ (6) [4] $ (8) [4]
Accumulated Defined Benefit Plans Adjustment, Net Prior Service Including Portion Attributable to Noncontrolling Interest [Member] | Huntsman International LLC [Member]        
Amounts reclassified from accumulated other comprehensive loss, gross [1],[2],[3] (3) (5) (6) (8)
Accumulated Defined Benefit Plans Adjustment, Actuarial Gain (Loss), Including Portion Attributable to Noncontrolling Interest [Member]        
Amounts reclassified from accumulated other comprehensive loss, gross [2],[3] 9 17 25 [4] 25 [4]
Accumulated Defined Benefit Plans Adjustment, Actuarial Gain (Loss), Including Portion Attributable to Noncontrolling Interest [Member] | Huntsman International LLC [Member]        
Amounts reclassified from accumulated other comprehensive loss, gross [1],[2],[3] 9 17 25 25
Accumulated Defined Benefit Plans Adjustment Including Portion Attributable to Noncontrolling Interest [Member]        
Amounts reclassified from accumulated other comprehensive loss, gross [2],[3] 6 12 19 [5],[6] 83 [6],[7],[8]
Tax impact [2],[3] 0 0 (1) [5] 25 [7],[8]
Total reclassifications for the period [2],[3] 6 12 18 108
Accumulated Defined Benefit Plans Adjustment Including Portion Attributable to Noncontrolling Interest [Member] | Huntsman International LLC [Member]        
Amounts reclassified from accumulated other comprehensive loss, gross [2],[3] 6 12 19 [6],[9] 83 [6],[10]
Tax impact [2],[3] 0 0 (1) [9] 25 [10]
Total reclassifications for the period [2],[3] $ 6 $ 12 18 108
Accumulated Defined Benefit Plans Adjustment, Curtailment Gain (Loss) Attributable to Noncontrolling Interest [Member]        
Amounts reclassified from accumulated other comprehensive loss, gross [2],[4],[11]     0 (1)
Accumulated Defined Benefit Plans Adjustment, Curtailment Gain (Loss) Attributable to Noncontrolling Interest [Member] | Huntsman International LLC [Member]        
Amounts reclassified from accumulated other comprehensive loss, gross [12]     0 (1)
Accumulated Defined Benefit Plans Adjustment, Settlement Gain (Loss), Including Portion Attributable to Noncontrolling Interest [Member]        
Amounts reclassified from accumulated other comprehensive loss, gross [2],[4],[11]     0 67
Accumulated Defined Benefit Plans Adjustment, Settlement Gain (Loss), Including Portion Attributable to Noncontrolling Interest [Member] | Huntsman International LLC [Member]        
Amounts reclassified from accumulated other comprehensive loss, gross [12]     $ 0 $ 67
[1] Amounts include approximately nil of actuarial losses and prior service credits related to discontinued operations for both of the three months ended September 30, 2024 and 2023. Amounts include approximately nil and $1 million for the nine months ended September 30, 2024 and 2023, respectively.
[2] Details of amounts reclassified from accumulated other comprehensive loss relate only to pension and other postretirement benefits.
[3] These accumulated other comprehensive loss components are included in the computation of net periodic pension costs. See “Note 12. Employee Benefit Plans.”
[4] Pension and other postretirement benefits amounts in parentheses indicate credits on our condensed consolidated statements of operations.
[5] Amounts are net of tax of $66 million and $67 million as of September 30, 2024 and January 1, 2024, respectively.
[6] See table below for details about these reclassifications.
[7] Amounts are net of tax of $58 million and $31 million as of June 30, 2023 and January 1, 2023, respectively.
[8] Amounts are net of tax of $58 million and $31 million as of September 30, 2023 and January 1, 2023, respectively.
[9] Amounts are net of tax of $90 million and $91 million as of September 30, 2024 and January 1, 2024, respectively.
[10] Amounts are net of tax of $82 million and $55 million as of September 30, 2023 and January 1, 2023, respectively.
[11] In connection with the sale of our Textile Effects Business, we recognized $67 million of pension settlement losses and $1 million of pension curtailment gains for the nine months ended September 30, 2023.
[12] In connection with the sale of our Textile Effects Business, we recognized $67 million of pension settlement losses and $1 million of pension curtailment gains for the six months June 30, 2023.