Quarterly report pursuant to Section 13 or 15(d)

OTHER COMPREHENSIVE (LOSS) INCOME (Tables)

v2.4.0.6
OTHER COMPREHENSIVE (LOSS) INCOME (Tables)
3 Months Ended
Mar. 31, 2013
Schedule of details about accumulated other comprehensive income components

        The components of other comprehensive (loss) income and changes in accumulated other comprehensive (loss) income by component were as follows (dollars in millions):

 

 
  Foreign
currency
translation
adjustment(a)
  Pension and other
postretirement benefits
adjusments, net of tax(b)
  Other comprehensive
income (loss) of
unconsolidated affiliates
  Other, net   Total   Amounts
attributable to
noncontrolling
interests
  Amounts
attributable to
Huntsman
Corporation
 

Beginning balance, January 1, 2013

  $ 269   $ (1,036 ) $ 7   $ 3   $ (757 ) $ 13   $ (744 )
                               

Other comprehensive (loss) income before reclassifications

    (67 )   25         1     (41 )       (41 )

Amounts reclassified from accumulated other comprehensive loss(c)

        8             8         8  
                               

Net current-period other comprehensive (loss) income

    (67 )   33         1     (33 )       (33 )
                               

Ending balance, March 31, 2013

  $ 202   $ (1,003 ) $ 7   $ 4   $ (790 ) $ 13   $ (777 )
                               

(a)
Amounts are net of tax of $22 and $20 as of March 31, 2013 and January 1, 2013, respectively.

(b)
Amounts are net of tax of $187 and $197 as of March 31, 2013 and January 1, 2013, respectively.

(c)
See table below for details about these reclassifications.

 
  Foreign
currency
translation
adjustment(a)
  Pension and other
postretirement benefits
adjusments, net of tax(b)
  Other comprehensive
income of
unconsolidated affiliates
  Other, net   Total   Amounts
attributable to
noncontrolling
interests
  Amounts
attributable to
Huntsman
Corporation
 

Beginning balance, January 1, 2012

  $ 218   $ (800 ) $ 8   $ 3   $ (571 ) $ 12   $ (559 )
                               

Other comprehensive income before reclassifications

    73     12         1     86     (2 )   84  

Amounts reclassified from accumulated other comprehensive loss(c)

        7             7         7  
                               

Net current-period other comprehensive income

    73     19         1     93     (2 )   91  
                               

Ending balance, March 31, 2012

  $ 291   $ (781 ) $ 8   $ 4   $ (478 ) $ 10   $ (468 )
                               

(a)
Amounts are net of tax of $23 and $24 as of March 31, 2012 and January 1, 2012, respectively.

(b)
Amounts are net of tax of $123 and $124 as of March 31, 2012 and January 1, 2012, respectively.

(c)
See table below for details about these reclassifications.
Schedule of details about reclassifications from accumulated other comprehensive (loss)income
The components of other comprehensive (loss) income and changes in accumulated other comprehensive (loss) income by component were as follows (dollars in millions):

 

 
  Three months
ended
March 31, 2013
   
Details about Accumulated Other Comprehensive Loss
Components(a):
  Amount reclassified from
accumulated other
comprehensive loss
  Affected line item in the
statement where net income
is presented

Amortization of pension and other postretirement benefits:

         

Prior service credit

  $ (2 ) (b)

Actuarial loss

    20   (b)(c)
         

 

    18   Total before tax

 

    (10 ) Income tax benefit (expense)
         

 

    8   Net of tax
         

Total reclassifications for the period

  $ 8   Net of tax
         


 

 
  Three months
ended
March 31, 2012
   
Details about Accumulated Other Comprehensive Loss
Components(a):
  Amount reclassified from
accumulated other
comprehensive loss
  Affected line item in the
statement where net income
is presented

Amortization of pension and other postretirement benefits:

         

Prior service credit

  $ (3 ) (b)

Actuarial loss

    11   (b)(c)
         

 

    8   Total before tax

 

    (1 ) Income tax benefit (expense)
         

 

    7   Net of tax
         

Total reclassifications for the period

  $ 7   Net of tax
         

(a)
Amounts in parentheses indicate credits on our condensed consolidated statements of operations (unaudited).

(b)
These accumulated other comprehensive loss components are included in the computation of net periodic pension costs. See "Note 10. Employee Benefit Plans."

(c)
Amounts contain approximately $1 million of actuarial losses related to discontinued operations.
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
 
Schedule of details about accumulated other comprehensive income components

        The components of other comprehensive (loss) income and changes in accumulated other comprehensive (loss) income by component were as follows (dollars in millions):

 

 
  Foreign
currency
translation
adjustment(a)
  Pension and other
postretirement benefits
adjusments, net of tax(b)
  Other comprehensive
income (loss) of
unconsolidated affiliates
  Other, net   Total   Amounts
attributable to
noncontrolling
interests
  Amounts
attributable to
Huntsman
International
 

Beginning balance, January 1, 2013

  $ 268   $ (1,076 ) $ 7   $ (3 ) $ (804 ) $ 13   $ (791 )
                               

Other comprehensive (loss) income before reclassifications

    (67 )   25         2     (40 )       (40 )

Amounts reclassified from accumulated other comprehensive loss(c)

        8             8         8  
                               

Net current-period other comprehensive (loss) income

    (67 )   33         2     (32 )       (32 )
                               

Ending balance, March 31, 2013

  $ 201   $ (1,043 ) $ 7   $ (1 ) $ (836 ) $ 13   $ (823 )
                               

(a)
Amounts are net of tax of $9 and $7 as of March 31, 2013 and January 1, 2013, respectively.

(b)
Amounts are net of tax of $217 and $228 as of March 31, 2013 and January 1, 2013, respectively.

(c)
See table below for details about these reclassifications.

 
  Foreign
currency
translation
adjustment(a)
  Pension and other
postretirement benefits
adjusments, net of tax(b)
  Other comprehensive
income of
unconsolidated affiliates
  Other, net   Total   Amounts
attributable to
noncontrolling
interests
  Amounts
attributable to
Huntsman
International
 

Beginning balance, January 1, 2012

  $ 217   $ (845 ) $ 8   $ (3 ) $ (623 ) $ 12   $ (611 )
                               

Other comprehensive income before reclassifications

    73     14         1     88     (2 )   86  

Amounts reclassified from accumulated other comprehensive loss(c)

        7             7         7  
                               

Net current-period other comprehensive income

    73     21         1     95     (2 )   93  
                               

Ending balance, March 31, 2012

  $ 290   $ (824 ) $ 8   $ (2 ) $ (528 ) $ 10   $ (518 )
                               

(a)
Amounts are net of tax of $9 and $11 as of March 31, 2012 and January 1, 2012, respectively.

(b)
Amounts are net of tax of $154 and $156 as of March 31, 2012 and January 1, 2012, respectively.

(c)
See table below for details about these reclassifications.
Schedule of details about reclassifications from accumulated other comprehensive (loss)income
 
The components of other comprehensive (loss) income and changes in accumulated other comprehensive (loss) income by component were as follows (dollars in millions):
 
 
 
 
  Three months
ended
March 31, 2013
   
Details about Accumulated Other Comprehensive Loss
Components(a):
  Amount reclassified from
accumulated other
comprehensive loss
  Affected line item in the
statement where net income
is presented

Amortization of pension and other postretirement benefits:

         

Prior service credit

  $ (2 ) (b)

Actuarial loss

    21   (b)(c)
         

 

    19   Total before tax

 

    (11 ) Income tax benefit (expense)
         

 

    8   Net of tax
         

Total reclassifications for the period

  $ 8   Net of tax
         


 

 
  Three months
ended
March 31, 2012
   
Details about Accumulated Other Comprehensive Loss
Components(a):
  Amount reclassified from
accumulated other
comprehensive loss
  Affected line item in the
statement where net income
is presented

Amortization of pension and other postretirement benefits:

         

Prior service credit

  $ (3 ) (b)

Actuarial loss

    12   (b)(c)
         

 

    9   Total before tax

 

    (2 ) Income tax benefit (expense)
         

 

    7   Net of tax
         

Total reclassifications for the period

  $ 7   Net of tax
         

(a)
Amounts in parentheses indicate credits on our condensed consolidated statements of operations (unaudited).

(b)
These accumulated other comprehensive loss components are included in the computation of net periodic pension costs. See "Note 10. Employee Benefit Plans."

(c)
Amounts contain approximately $1 million of actuarial losses related to discontinued operations.