Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATING FINANCIAL INFORMATION OF HUNTSMAN INTERNATIONAL LLC (Details 2)

 v2.3.0.11
CONDENSED CONSOLIDATING FINANCIAL INFORMATION OF HUNTSMAN INTERNATIONAL LLC (Details 2) (USD $)
In Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues:        
Trade sales, services and fees, net $ 2,896 $ 2,280 $ 5,522 $ 4,329
Related party sales 38 63 91 108
Total revenues 2,934 2,343 5,613 4,437
Cost of goods sold 2,433 1,958 4,652 3,771
Gross profit 501 385 961 666
Selling, general and administrative 256 208 474 426
Research and development 42 36 81 72
Other operating (income) expense (26) (3) 8 (1)
Restructuring, impairment and plant closing costs 9 17 16 20
Operating income 220 127 382 149
Interest expense, net (65) (43) (124) (104)
Equity in income of investment in affiliates and subsidiaries 2 16 4 17
Loss on early extinguishment of debt   (7) (3) (162)
Other (expense) income 1 1 1 1
Income from continuing operations before income taxes 158 93 260 (100)
Income tax expense (34) (39) (56) (5)
Income from continuing operations 124 54 204 (105)
Income (loss) from discontinued operations, net of tax (1) 62 (15) 49
Income (loss) before extraordinary gain 123 116 189 (56)
Extraordinary gain on the acquisition of a business, net of tax of nil 1   2  
Net income 124 116 191 (56)
Net income attributable to noncontrolling interests (10) (2) (15) (2)
Net income (loss) attributable to Huntsman Corporation or Huntsman International LLC 114 114 176 (58)
Parent Company
        
Revenues:        
Trade sales, services and fees, net 231 207 435 390
Related party sales 110 67 192 125
Total revenues 341 274 627 515
Cost of goods sold 298 233 541 431
Gross profit 43 41 86 84
Selling, general and administrative 45 34 84 70
Research and development 13 12 24 24
Other operating (income) expense (4) (10) (33) (27)
Restructuring, impairment and plant closing costs       2
Operating income (11) 5 (55) 15
Interest expense, net (54) (41) (110) (97)
Equity in income of investment in affiliates and subsidiaries 162 177 281 175
Loss on early extinguishment of debt   (7) (3) (16)
Other (expense) income (16) (10) (16) (10)
Income from continuing operations before income taxes 81 124 97 67
Income tax expense 36 11 76 35
Income from continuing operations 117 135 173 102
Income (loss) from discontinued operations, net of tax   (18) 7 (11)
Income (loss) before extraordinary gain 117   180  
Net income 117 117 180 91
Net income (loss) attributable to Huntsman Corporation or Huntsman International LLC 117 117 180 91
Guarantors
        
Revenues:        
Trade sales, services and fees, net 861 650 1,664 1,157
Related party sales 149 140 283 248
Total revenues 1,010 790 1,947 1,405
Cost of goods sold 816 665 1,582 1,237
Gross profit 194 125 365 168
Selling, general and administrative 31 24 57 44
Research and development 8 7 16 14
Other operating (income) expense (11) 19 (38) 33
Operating income 166 75 330 77
Interest expense, net 11 9 21 18
Equity in income of investment in affiliates and subsidiaries 53 55 61 49
Income from continuing operations before income taxes 230 139 412 144
Income tax expense (60) (33) (120) (35)
Income from continuing operations 170 106 292 109
Income (loss) from discontinued operations, net of tax   68   68
Income (loss) before extraordinary gain 170   292  
Net income 170 174 292 177
Net income attributable to noncontrolling interests (1) (1) (1) (1)
Net income (loss) attributable to Huntsman Corporation or Huntsman International LLC 169 173 291 176
Non-guarantors
        
Revenues:        
Trade sales, services and fees, net 1,807 1,423 3,426 2,782
Related party sales 283 269 569 497
Total revenues 2,090 1,692 3,995 3,279
Cost of goods sold 1,802 1,463 3,456 2,846
Gross profit 288 229 539 433
Selling, general and administrative 179 150 331 309
Research and development 21 17 41 34
Other operating (income) expense (11) (13) 13 (17)
Restructuring, impairment and plant closing costs 9 17 16 18
Operating income 90 58 138 89
Interest expense, net (24) (15) (42) (34)
Equity in income of investment in affiliates and subsidiaries 3 19 5 19
Other (expense) income   2   2
Income from continuing operations before income taxes 69 64 101 76
Income tax expense (10) (16) (12) (16)
Income from continuing operations 59 48 89 60
Income (loss) from discontinued operations, net of tax (1) 12 (22) (8)
Income (loss) before extraordinary gain 58   67  
Extraordinary gain on the acquisition of a business, net of tax of nil 1   2  
Net income 59 60 69 52
Net income attributable to noncontrolling interests (4) (2) (8) (2)
Net income (loss) attributable to Huntsman Corporation or Huntsman International LLC 55 58 61 50
Eliminations.
        
Revenues:        
Trade sales, services and fees, net (3)   (3)  
Related party sales (504) (413) (953) (762)
Total revenues (507) (413) (956) (762)
Cost of goods sold (487) (406) (936) (751)
Gross profit (20) (7) (20) (11)
Operating income (20) (7) (20) (11)
Equity in income of investment in affiliates and subsidiaries (216) (235) (343) (226)
Other (expense) income 17 10 17 10
Income from continuing operations before income taxes (219) (232) (346) (227)
Income from continuing operations (219) (232) (346) (227)
Income (loss) before extraordinary gain (219)   (346)  
Net income (219) (232) (346) (227)
Net income attributable to noncontrolling interests (5) 1 (6) 1
Net income (loss) attributable to Huntsman Corporation or Huntsman International LLC (224) (231) (352) (226)
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
        
Revenues:        
Trade sales, services and fees, net 2,896 2,280 5,522 4,329
Related party sales 38 63 91 108
Total revenues 2,934 2,343 5,613 4,437
Cost of goods sold 2,429 1,955 4,643 3,763
Gross profit 505 388 970 674
Selling, general and administrative 255 208 472 423
Research and development 42 36 81 72
Other operating (income) expense (26) (4) 8 (11)
Restructuring, impairment and plant closing costs 9 17 16 20
Operating income 225 131 393 170
Interest expense, net (67) (47) (131) (113)
Equity in income of investment in affiliates and subsidiaries 2 16 4 17
Loss on early extinguishment of debt   (7) (3) (16)
Other (expense) income 1 2 1 2
Income from continuing operations before income taxes 161 95 264 60
Income tax expense (34) (38) (56) (16)
Income from continuing operations 127 57 208 44
Income (loss) from discontinued operations, net of tax (1) 62 (15) 49
Income (loss) before extraordinary gain 126 119 193 93
Extraordinary gain on the acquisition of a business, net of tax of nil 1   2  
Net income 127 119 195 93
Net income attributable to noncontrolling interests (10) (2) (15) (2)
Net income (loss) attributable to Huntsman Corporation or Huntsman International LLC $ 117 $ 117 $ 180 $ 91