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

Annual report pursuant to Section 13 and 15(d)

Schedule I - Condensed Financial Information of Registrant (Tables)

Schedule I - Condensed Financial Information of Registrant (Tables)

12 Months Ended

Dec. 31, 2024

Condensed Balance Sheet [Table Text Block]

	*December 31,*
	*2024*			*2023*
ASSETS
Investment in and advances to affiliates	$	2,966		$	3,261
Total assets	$	2,966		$	3,261

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	—		$	1
Accrued liabilities		2			5
Total current liabilities		2			6
Other noncurrent liabilities		5			4
Total liabilities		7			10
STOCKHOLDERS’ EQUITY
Common stock $0.01 par value, 1,200,000,000 shares authorized, 262,751,907 and 262,190,459 shares issued and 172,144,779 and 171,583,331 shares outstanding, respectively		3			3
Additional paid-in capital		4,233			4,202
Treasury stock, 90,607,128 shares		(2,290	)		(2,290	)
Unearned stock-based compensation		(32	)		(41	)
Retained earnings		2,245			2,622
Accumulated other comprehensive loss		(1,200	)		(1,245	)
Total stockholders’ equity		2,959			3,251
Total liabilities and stockholders’ equity	$	2,966		$	3,261

Condensed Income Statement [Table Text Block]

	*Year ended December 31,*
	*2024*			*2023*			*2022*
Selling, general and administrative expenses	$	(3	)	$	(3	)	$	(4	)
Equity in (loss) income of subsidiaries		(358	)		(68	)		295
Dividend income—affiliate		172			172			169
Net (loss) income	$	(189	)	$	101		$	460

Condensed Statement of Comprehensive Income [Table Text Block]

	*Year ended December 31,*
	*2024*			*2023*			*2022*
Net (loss) income	$	(189	)	$	101		$	460
Other comprehensive income (loss), net of tax:
Foreign currency translations adjustments		(61	)		34			(228	)
Pension and other postretirement benefits adjustments		104			(4	)		158
Other, net		65			42			56
Other comprehensive income (loss), net of tax		108			72			(14	)
Comprehensive (loss) income		(81	)		173			446
Comprehensive income attributable to noncontrolling interests		(63	)		(49	)		(51	)
Comprehensive (loss) income attributable to Huntsman Corporation	$	(144	)	$	124		$	395

Condensed Statement of Stockholders' Equity [Table Text Block]

	*Huntsman Corporation Stockholders’ Equity*
																		*Accumulated*
	*Shares of*					*Additional*						*Unearned*						*other*
	*common*			*Common*		*paid-in*			*Treasury*			*stock-based*			*Retained*			*comprehensive*			*Total*
	*stock*			*stock*		*capital*			*stock*			*compensation*			*earnings*			*loss*			*equity*
Beginning balance, January 1, 2022		214,170,287		$	3	$	4,102		$	(934	)	$	(25	)	$	2,435		$	(1,203	)	$	4,378
Net income		—			—		—			—			—			460			—			460
Other comprehensive loss		—			—		—			—			—			—			(65	)		(65	)
Issuance of nonvested stock awards		—			—		32			—			(32	)		—			—			—
Vesting of stock awards		1,341,787			—		7			—			—			—			—			7
Recognition of stock-based compensation		—			—		3			—			22			—			—			25
Repurchase and cancellation of stock awards		(366,199	)		—		—			—			—			(14	)		—			(14	)
Stock options exercised		470,853			—		12			—			—			(6	)		—			6
Treasury stock repurchased		(31,982,264	)		—		—			(1,003	)		—			—			—			(1,003	)
Dividends declared on common stock		—			—		—			—			—			(170	)		—			(170	)
Balance, December 31, 2022		183,634,464			3		4,156			(1,937	)		(35	)		2,705			(1,268	)		3,624
Net income		—			—		—			—			—			101			—			101
Other comprehensive income		—			—		—			—			—			—			23			23
Issuance of nonvested stock awards		—			—		32			—			(32	)		—			—			—
Vesting of stock awards		1,028,971			—		5			—			—			—			—			5
Recognition of stock-based compensation		—			—		1			—			26			—			—			27
Repurchase and cancellation of stock awards		(307,093	)		—		—			—			—			(10	)		—			(10	)
Stock options exercised		320,364			—		9			—			—			(4	)		—			5
Treasury stock repurchased		(13,093,375	)		—		—			(353	)		—			—			—			(353	)
Dividends declared on common stock		—			—		—			—			—			(170	)		—			(170	)
Acquisition of noncontrolling interests, net of tax		—			—		(1	)		—			—			—			—			(1	)
Balance, December 31, 2023		171,583,331			3		4,202			(2,290	)		(41	)		2,622			(1,245	)		3,251
Net loss		—			—		—			—			—			(189	)		—			(189	)
Other comprehensive income		—			—		—			—			—			—			45			45
Issuance of nonvested stock awards		—			—		20			—			(20	)		—			—			—
Vesting of stock awards		728,499			—		2			—			—			—			—			2
Recognition of stock-based compensation		—			—		—			—			29			—			—			29
Repurchase and cancellation of stock awards		(234,161	)		—		—			—			—			(5	)		—			(5	)
Stock options exercised		67,110			—		9			—			—			(9	)		—			—
Dividends declared on common stock		—			—		—			—			—			(174	)		—			(174	)
Balance, December 31, 2024		172,144,779		$	3	$	4,233		$	(2,290	)	$	(32	)	$	2,245		$	(1,200	)	$	2,959

Condensed Cash Flow Statement [Table Text Block]

	*Year ended December 31,*
	*2024*			*2023*			*2022*
Operating activities:
Net (loss) income	$	(189	)	$	101		$	460
Equity in loss (income) of subsidiaries		358			68			(295	)
Stock-based compensation		1			1			2
Changes in operating assets and liabilities		2			—			(2	)
Net cash provided by operating activities		172			170			165

Investing activities:
Net cash provided by investing activities		—			—			—

Financing activities:
Dividends paid to common stockholders		(174	)		(169	)		(171	)
Repurchase and cancellation of stock awards		(5	)		(10	)		(14	)
Proceeds from issuance of common stock		—			5			6
Repurchase of common stock		(4	)		(349	)		(1,005	)
Increase in payable to affiliates		13			352			1,017
Other, net		(2	)		1			—
Net cash used in financing activities		(172	)		(170	)		(167	)
Decrease in cash and cash equivalents		—			—			(2	)
Cash and cash equivalents at beginning of period		—			—			2
Cash and cash equivalents at end of period	$	—		$	—		$	—