Huntsman Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Note 24 - Accumulated Other Comprehensive Loss (Tables)

Note 24 - Accumulated Other Comprehensive Loss (Tables)

12 Months Ended

Dec. 31, 2024

Notes Tables

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

						*Pension and*
		*Foreign*				*other*												*Amounts*				*Amounts*
		*currency*				*postretirement*												*attributable to*				*attributable to*
		*translation*				*benefits*												*noncontrolling*				*Huntsman*
		adjustment⁽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			(66	)			80				3				17				(1	)			16
Tax impact			(4	)			(4	)			—				(8	)			—				(8	)
Amounts reclassified from accumulated other comprehensive loss, gross⁽³⁾			9				30				—				39				—				39
Tax impact			—				(2	)			—				(2	)			—				(2	)
Net current-period other comprehensive (loss) income			(61	)			104				3				46				(1	)			45
Ending balance, December 31, 2024		$	(675	)		$	(552	)		$	—			$	(1,227	)		$	27			$	(1,200	)

						*Pension and*
		*Foreign*				*other*												*Amounts*				*Amounts*
		*currency*				*postretirement*												*attributable to*				*attributable to*
		*translation*				*benefits*												*noncontrolling*				*Huntsman*
		adjustment⁽¹⁾				adjustments⁽²⁾				*Other, net*				*Total*				*interests*				*Corporation*
Beginning balance, January 1, 2023		$	(648	)		$	(652	)		$	7			$	(1,293	)		$	25			$	(1,268	)
Other comprehensive income (loss) before reclassifications, gross			7				(136	)			(10	)			(139	)			3				(136	)
Tax impact			—				13				—				13				—				13
Amounts reclassified from accumulated other comprehensive loss, gross⁽³⁾			28				96				—				124				—				124
Tax impact			(1	)			23				—				22				—				22
Net current-period other comprehensive income (loss)			34				(4	)			(10	)			20				3				23
Ending balance, December 31, 2023		$	(614	)		$	(656	)		$	(3	)		$	(1,273	)		$	28			$	(1,245	)

						*Pension*
		*Foreign*				*and other*												*Amounts*				*Amounts*
		*currency*				*postretirement*												*attributable to*				*attributable to*
		*translation*				*benefits*												*noncontrolling*				*Huntsman*
		adjustment⁽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			(66	)			80				3				17				(1	)			16
Tax impact			(4	)			(4	)			—				(8	)			—				(8	)
Amounts reclassified from accumulated other comprehensive loss, gross⁽³⁾			9				30				—				39				—				39
Tax impact			—				(2	)			—				(2	)			—				(2	)
Net current-period other comprehensive (loss) income			(61	)			104				3				46				(1	)			45
Ending balance, December 31, 2024		$	(680	)		$	(528	)		$	(4	)		$	(1,212	)		$	27			$	(1,185	)

						*Pension*
		*Foreign*				*and other*												*Amounts*				*Amounts*
		*currency*				*postretirement*												*attributable to*				*attributable to*
		*translation*				*benefits*												*noncontrolling*				*Huntsman*
		adjustment⁽¹⁾				adjustments⁽²⁾				*Other, net*				*Total*				*interests*				*International*
Beginning balance, January 1, 2023		$	(653	)		$	(628	)		$	3			$	(1,278	)		$	25			$	(1,253	)
Other comprehensive income (loss) before reclassifications, gross			7				(136	)			(10	)			(139	)			3				(136	)
Tax impact			—				13				—				13				—				13
Amounts reclassified from accumulated other comprehensive loss, gross⁽³⁾			28				96				—				124				—				124
Tax impact			(1	)			23				—				22				—				22
Net current-period other comprehensive income (loss)			34				(4	)			(10	)			20				3				23
Ending balance, December 31, 2023		$	(619	)		$	(632	)		$	(7	)		$	(1,258	)		$	28			$	(1,230	)

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

		*Amounts reclassified*
		*from accumulated other*												*Affected line item in*
		*comprehensive loss*												*the statement*
Details about accumulated other		*Year ended December 31,*												*where net income*
comprehensive loss components⁽¹⁾⁽²⁾:		*2024*				*2023*				*2022*				*is presented*
Amortization of pension and other postretirement benefits:
Actuarial loss		$	33			$	34			$	57		⁽³⁾⁽⁴⁾	Other income, net
Prior service credit			(9	)			(10	)			(11	)	⁽³⁾⁽⁴⁾	Other income, net
Settlement loss			6				73				5		⁽⁵⁾	Other income, net
Curtailment gain			—				(1	)			—		⁽⁵⁾	Other income, net
			30				96				51			Total before tax
			(2	)			23				(12	)		Income tax expense
Total reclassifications for the period		$	28			$	119			$	39			Net of tax

		*Amounts reclassified*
		*from accumulated other*												*Affected line item in*
		*comprehensive loss*												*the statement*
Details about accumulated other		*Year ended December 31,*												*where net income*
comprehensive loss components⁽¹⁾⁽²⁾:		*2024*				*2023*				*2022*				*is presented*
Amortization of pension and other postretirement benefits:
Actuarial loss		$	33			$	34			$	57		⁽³⁾⁽⁴⁾	Other income, net
Prior service credit			(9	)			(10	)			(11	)	⁽³⁾⁽⁴⁾	Other income, net
Settlement loss			6				73				5		⁽⁵⁾	Other income, net
Curtailment gain			—				(1	)			—		⁽⁵⁾	Other income, net
			30				96				51			Total before tax
			(2	)			23				(12	)		Income tax expense
Total reclassifications for the period		$	28			$	119			$	39			Net of tax