Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (USD $)
In Millions, except Per Share data
 3 Months Ended 9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenues:        
Trade sales, services and fees, net $ 2,923 $ 2,360 $ 8,445 $ 6,689
Related party sales 53 41 144 149
Total revenues 2,976 2,401 8,589 6,838
Cost of goods sold 2,486 1,986 7,138 5,757
Gross profit 490 415 1,451 1,081
Operating expenses:        
Selling, general and administrative 217 202 691 628
Research and development 42 39 123 111
Other operating (income) expense (1) 3 7 2
Restructuring, impairment and plant closing costs 155 4 171 24
Total expenses 413 248 992 765
Operating income 77 167 459 316
Interest expense, net (63) (64) (187) (168)
Equity in income of investment in unconsolidated affiliates 2 3 6 20
Loss on early extinguishment of debt (2) (7) (5) (169)
Expenses associated with the Terminated Merger and related litigation   (3)   (4)
Other (loss) income (1) 2   3
Income (loss) from continuing operations before income taxes 13 98 273 (2)
Income tax expense (55) (41) (111) (46)
(Loss) income from continuing operations (42) 57 162 (48)
Income (loss) from discontinued operations, net of tax 10 (1) (5) 48
(Loss) income before extraordinary gain (32) 56 157  
Extraordinary gain on the acquisition of a business, net of tax of nil     2  
Net (loss) income (32) 56 159  
Net income attributable to noncontrolling interests (2) (1) (17) (3)
Net (loss) income attributable to Huntsman Corporation or Huntsman International LLC (34) 55 142 (3)
Net (loss) income (32) 56 159  
Other comprehensive (loss) income (195) 146 (39) 38
Comprehensive (loss) income (227) 202 120 38
Comprehensive income attributable to noncontrolling interests (2) (1) (18) (3)
Comprehensive (loss) income attributable to Huntsman Corporation or Huntsman International LLC (229) 201 102 35
Basic income (loss) per share:        
(Loss) income from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share) $ (0.19) $ 0.24 $ 0.61 $ (0.22)
Income (loss) from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax (in dollars per share) $ 0.05 $ (0.01) $ (0.02) $ 0.21
Extraordinary gain on the acquisition of a business attributable to Huntsman Corporation common stockholders, net of tax (in dollars per share)     $ 0.01  
Net (loss) income attributable to Huntsman Corporation common stockholders (in dollars per share) $ (0.14) $ 0.23 $ 0.60 $ (0.01)
Weighted average shares (in shares) 237.6 236.4 238.2 235.9
Diluted income (loss) per share:        
(Loss) income from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share) $ (0.19) $ 0.23 $ 0.60 $ (0.22)
Income (loss) from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax (in dollars per share) $ 0.05   $ (0.02) $ 0.21
Extraordinary gain on the acquisition of a business attributable to Huntsman Corporation common stockholders, net of tax (in dollars per share)     $ 0.01  
Net (loss) income attributable to Huntsman Corporation common stockholders (in dollars per share) $ (0.14) $ 0.23 $ 0.59 $ (0.01)
Weighted average shares (in shares) 237.6 241.0 242.6 235.9
Amounts attributable to Huntsman Corporation common stockholders:        
(Loss) income from continuing operations (44) 56 145 (51)
Income (loss) income from discontinued operations, net of tax 10 (1) (5) 48
Extraordinary gain on the acquisition of a business, net of tax     2  
Net (loss) income (34) 55 142 (3)
Dividends per share (in dollars per share) $ 0.10 $ 0.10 $ 0.30 $ 0.30
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
        
Revenues:        
Trade sales, services and fees, net 2,923 2,360 8,445 6,689
Related party sales 53 41 144 149
Total revenues 2,976 2,401 8,589 6,838
Cost of goods sold 2,481 1,981 7,124 5,744
Gross profit 495 420 1,465 1,094
Operating expenses:        
Selling, general and administrative 216 202 688 625
Research and development 42 39 123 111
Other operating (income) expense (1) 3 7 (8)
Restructuring, impairment and plant closing costs 155 4 171 24
Total expenses 412 248 989 752
Operating income 83 172 476 342
Interest expense, net (66) (69) (197) (182)
Equity in income of investment in unconsolidated affiliates 2 3 6 20
Loss on early extinguishment of debt (2) (7) (5) (23)
Other (loss) income (1) 1   3
Income (loss) from continuing operations before income taxes 16 100 280 160
Income tax expense (55) (40) (111) (56)
(Loss) income from continuing operations (39) 60 169 104
Income (loss) from discontinued operations, net of tax 10 (1) (5) 48
(Loss) income before extraordinary gain (29) 59 164 152
Extraordinary gain on the acquisition of a business, net of tax of nil     2  
Net (loss) income (29) 59 166 152
Net income attributable to noncontrolling interests (2) (1) (17) (3)
Net (loss) income attributable to Huntsman Corporation or Huntsman International LLC (31) 58 149 149
Net (loss) income (29) 59 166 152
Other comprehensive (loss) income (194) 148 (35) 42
Comprehensive (loss) income (223) 207 131 194
Comprehensive income attributable to noncontrolling interests (2)   (18) (2)
Comprehensive (loss) income attributable to Huntsman Corporation or Huntsman International LLC (225) 207 113 192
Amounts attributable to Huntsman Corporation common stockholders:        
Extraordinary gain on the acquisition of a business, net of tax     2  
Net (loss) income $ (31) $ 58 $ 149 $ 149