0001307954 0001089748 false --12-31 Q2 2022 --12-31 Q2 2022 24 25 407 324 0.01 0.01 1,200,000,000 1,200,000,000 261,124,462 259,701,770 201,672,202 214,170,287 59,452,260 45,531,489 0.2125 0.2125 0.1625 0.1875 24 25 407 324 2,728 2,728 2,728 2,728 0 7 4 18 0 8 1.475 July 31, 2024 0.90 July 31, 2024 1.30 445 1 155 56 56 1 43 43 1 5 1 4 3 2 6 2 3 3 2 2 0 Amounts are net of tax of $43 million for both June 30, 2022 and January 1, 2022. As of June 30, 2022, a total of 106,285 restricted stock units were vested but not yet issued, of which 7,066 vested during the six months ended June 30, 2022. These shares have not been reflected as vested shares in this table because, in accordance with the restricted stock unit agreements, shares of common stock are not issued for vested restricted stock units until termination of employment. Corporate and other costs, net includes unallocated corporate overhead, unallocated foreign exchange gains and losses, LIFO inventory valuation reserve adjustments, loss on early extinguishment of debt, unallocated restructuring, impairment and plant closing costs, nonoperating income and expense and gains and losses on the disposition of corporate assets. Amounts are net of tax of $143 million and $153 million as of June 30, 2021 and January 1, 2021, respectively. A total of 193,623 performance share unit awards are reflected in the vested shares in this table, which represents the target number of performance share unit awards for this grant and were included in the balance at December 31, 2021. During the six months ended June 30, 2022, an additional 96,814 performance share unit awards with a grant date fair value of $29.68 were issued due to the target performance criteria being exceeded. Includes costs associated with transition activities related primarily to our Corporate program to optimize our global approach to leverage shared services capabilities. Interest rates on borrowings under the Revolving Credit Facility vary based on the type of loan and Huntsman International’s debt ratings. The representative interest rate for U.S. dollar borrowings as of June 30, 2022 was 1.475% above term SOFR. Pension and other postretirement benefits amounts in parentheses indicate credits on our condensed consolidated statements of operations. At June 30, 2022 and December 31, 2021, respectively, $6 and $1 of cash and cash equivalents, $5 and $12 of accounts and notes receivable (net), $70 and $64 of inventories, $158 and $161 of property, plant and equipment (net), $25 and $23 of other noncurrent assets, $127 and $146 of accounts payable, $8 and $13 of accrued liabilities, $9 and $10 of current portion of debt, $10 and $6 of current operating lease liabilities, $31 and $35 of long-term debt, $23 and $20 of noncurrent operating lease liabilities and $45 and $46 of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 6. Variable Interest Entities.” ? Amounts include approximately $2 million and $1 million of actuarial losses related to discontinued operations for the three months ended June 30, 2022 and 2021, respectively. Amounts contain approximately $3 million of actuarial losses related to discontinued operations for both of the six months ended June 30, 2022 and 2021. Amounts are net of tax of $56 million for both June 30, 2021 and January 1, 2021. We use segment adjusted EBITDA as the measure of each segment’s profit or loss. We believe that segment adjusted EBITDA more accurately reflects what the chief operating decision maker uses to make decisions about resources to be allocated to the segments and assess their financial performance. Segment adjusted EBITDA is defined as net income of Huntsman Corporation or Huntsman International, as appropriate, before interest, income tax, depreciation and amortization, net income attributable to noncontrolling interests, certain Corporate and other items and income from discontinued operations, as well as eliminating the following adjustments: (a) business acquisition and integration expenses and purchase accounting inventory adjustments; (b) fair value adjustments to Venator investment, net; (c) loss on early extinguishment of debt; (d) certain legal and other settlements and related expenses; (e) costs associated with the Albemarle Settlement, net; (f) (loss) gain on sale of business/assets; (g) income from transition services arrangements related to the sale of our Chemical Intermediates Businesses to Indorama; (h) certain nonrecurring information technology project implementation costs; (i) amortization of pension and postretirement actuarial losses; (j) plant incident remediation credits (costs); and (k) restructuring, impairment, plant closing and transition costs. This table reflects the target number of performance share unit awards granted during the period. Due to the terms of the awards and management’s current assessment of our free cash flow performance compared to the award thresholds, it is estimated that an additional 216,085 awards with a grant date fair value of $45.04 may be issued when the awards vest in the first quarter of 2024. The amount of actual availability under our A/R Programs may be lower based on the level of eligible receivables sold, changes in the credit ratings of our customers, customer concentration levels and certain characteristics of the accounts receivable being transferred, as defined in the applicable agreements. See table below for details about these reclassifications. As of June 30, 2022, we had approximately $8 million (U.S. dollar equivalents) of letters of credit issued and outstanding under our U.S. A/R Program. ? As of June 30, 2022 and December 31, 2021, $407 million and $324 million, respectively, of accounts receivable were pledged as collateral under our A/R Programs. Amounts are net of tax of $99 million and $105 million as of June 30, 2022 and January 1, 2022, respectively. Geographic information for revenues is based upon countries into which product is sold. On June 30, 2022, we had an additional $3 million (U.S. dollar equivalents) of letters of credit and bank guarantees issued and outstanding under our Revolving Credit Facility. The applicable rate for our U.S. A/R Program is defined by the lender as USD LIBOR. The applicable rate for our EU A/R Program is either USD LIBOR, EURIBOR or SONIA (Sterling Overnight Interbank Average Rate). In anticipation of the transition away from USD LIBOR, the amendments we made in July 2021 to our A/R Programs incorporated replacement rates for the USD LIBOR. These accumulated other comprehensive loss components are included in the computation of net periodic pension costs. See “Note 12. Employee Benefit Plans.” 161 00013079542022-01-012022-06-30 xbrli:shares 00013079542022-07-20 iso4217:USD 00013079542022-06-30 00013079542021-12-31 0001307954us-gaap:AssetPledgedAsCollateralMember2022-06-30 0001307954us-gaap:AssetPledgedAsCollateralMember2021-12-31 iso4217:USDxbrli:shares 0001307954hun:ThirdPartyCustomersMember2022-04-012022-06-30 0001307954hun:ThirdPartyCustomersMember2021-04-012021-06-30 0001307954hun:ThirdPartyCustomersMember2022-01-012022-06-30 0001307954hun:ThirdPartyCustomersMember2021-01-012021-06-30 0001307954hun:RelatedPartyCustomersMember2022-04-012022-06-30 0001307954hun:RelatedPartyCustomersMember2021-04-012021-06-30 0001307954hun:RelatedPartyCustomersMember2022-01-012022-06-30 0001307954hun:RelatedPartyCustomersMember2021-01-012021-06-30 00013079542022-04-012022-06-30 00013079542021-04-012021-06-30 00013079542021-01-012021-06-30 0001307954hun:CommonStockOutstandingMember2021-12-31 0001307954us-gaap:CommonStockMember2021-12-31 0001307954us-gaap:AdditionalPaidInCapitalMember2021-12-31 0001307954us-gaap:TreasuryStockMember2021-12-31 0001307954us-gaap:DeferredCompensationShareBasedPaymentsMember2021-12-31 0001307954us-gaap:RetainedEarningsMember2021-12-31 0001307954us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-12-31 0001307954us-gaap:NoncontrollingInterestMember2021-12-31 0001307954us-gaap:CommonStockMember2022-01-012022-03-31 0001307954us-gaap:AdditionalPaidInCapitalMember2022-01-012022-03-31 0001307954us-gaap:TreasuryStockMember2022-01-012022-03-31 0001307954us-gaap:DeferredCompensationShareBasedPaymentsMember2022-01-012022-03-31 0001307954us-gaap:RetainedEarningsMember2022-01-012022-03-31 0001307954us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-01-012022-03-31 0001307954us-gaap:NoncontrollingInterestMember2022-01-012022-03-31 00013079542022-01-012022-03-31 0001307954hun:CommonStockOutstandingMember2022-01-012022-03-31 0001307954hun:CommonStockOutstandingMember2022-03-31 0001307954us-gaap:CommonStockMember2022-03-31 0001307954us-gaap:AdditionalPaidInCapitalMember2022-03-31 0001307954us-gaap:TreasuryStockMember2022-03-31 0001307954us-gaap:DeferredCompensationShareBasedPaymentsMember2022-03-31 0001307954us-gaap:RetainedEarningsMember2022-03-31 0001307954us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-03-31 0001307954us-gaap:NoncontrollingInterestMember2022-03-31 00013079542022-03-31 0001307954us-gaap:CommonStockMember2022-04-012022-06-30 0001307954us-gaap:AdditionalPaidInCapitalMember2022-04-012022-06-30 0001307954us-gaap:TreasuryStockMember2022-04-012022-06-30 0001307954us-gaap:DeferredCompensationShareBasedPaymentsMember2022-04-012022-06-30 0001307954us-gaap:RetainedEarningsMember2022-04-012022-06-30 0001307954us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-04-012022-06-30 0001307954us-gaap:NoncontrollingInterestMember2022-04-012022-06-30 0001307954hun:CommonStockOutstandingMember2022-04-012022-06-30 0001307954hun:CommonStockOutstandingMember2022-06-30 0001307954us-gaap:CommonStockMember2022-06-30 0001307954us-gaap:AdditionalPaidInCapitalMember2022-06-30 0001307954us-gaap:TreasuryStockMember2022-06-30 0001307954us-gaap:DeferredCompensationShareBasedPaymentsMember2022-06-30 0001307954us-gaap:RetainedEarningsMember2022-06-30 0001307954us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-06-30 0001307954us-gaap:NoncontrollingInterestMember2022-06-30 0001307954us-gaap:CommonStockMember2020-12-31 0001307954us-gaap:AdditionalPaidInCapitalMember2020-12-31 0001307954us-gaap:TreasuryStockMember2020-12-31 0001307954us-gaap:DeferredCompensationShareBasedPaymentsMember2020-12-31 0001307954us-gaap:RetainedEarningsMember2020-12-31 0001307954us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-12-31 0001307954us-gaap:NoncontrollingInterestMember2020-12-31 00013079542020-12-31 0001307954us-gaap:CommonStockMember2021-01-012021-03-31 0001307954us-gaap:AdditionalPaidInCapitalMember2021-01-012021-03-31 0001307954us-gaap:TreasuryStockMember2021-01-012021-03-31 0001307954us-gaap:DeferredCompensationShareBasedPaymentsMember2021-01-012021-03-31 0001307954us-gaap:RetainedEarningsMember2021-01-012021-03-31 0001307954us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-01-012021-03-31 0001307954us-gaap:NoncontrollingInterestMember2021-01-012021-03-31 00013079542021-01-012021-03-31 0001307954us-gaap:CommonStockMember2021-03-31 0001307954us-gaap:AdditionalPaidInCapitalMember2021-03-31 0001307954us-gaap:TreasuryStockMember2021-03-31 0001307954us-gaap:DeferredCompensationShareBasedPaymentsMember2021-03-31 0001307954us-gaap:RetainedEarningsMember2021-03-31 0001307954us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-03-31 0001307954us-gaap:NoncontrollingInterestMember2021-03-31 00013079542021-03-31 0001307954us-gaap:CommonStockMember2021-04-012021-06-30 0001307954us-gaap:AdditionalPaidInCapitalMember2021-04-012021-06-30 0001307954us-gaap:TreasuryStockMember2021-04-012021-06-30 0001307954us-gaap:DeferredCompensationShareBasedPaymentsMember2021-04-012021-06-30 0001307954us-gaap:RetainedEarningsMember2021-04-012021-06-30 0001307954us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-04-012021-06-30 0001307954us-gaap:NoncontrollingInterestMember2021-04-012021-06-30 0001307954us-gaap:CommonStockMember2021-06-30 0001307954us-gaap:AdditionalPaidInCapitalMember2021-06-30 0001307954us-gaap:TreasuryStockMember2021-06-30 0001307954us-gaap:DeferredCompensationShareBasedPaymentsMember2021-06-30 0001307954us-gaap:RetainedEarningsMember2021-06-30 0001307954us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-06-30 0001307954us-gaap:NoncontrollingInterestMember2021-06-30 00013079542021-06-30 0001307954hun:HuntsmanInternationalLLCMember2022-06-30 0001307954hun:HuntsmanInternationalLLCMember2021-12-31 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AssetPledgedAsCollateralMember2022-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AssetPledgedAsCollateralMember2021-12-31 0001307954hun:HuntsmanInternationalLLCMemberhun:ThirdPartyCustomersMember2022-04-012022-06-30 0001307954hun:HuntsmanInternationalLLCMemberhun:ThirdPartyCustomersMember2021-04-012021-06-30 0001307954hun:HuntsmanInternationalLLCMemberhun:ThirdPartyCustomersMember2022-01-012022-06-30 0001307954hun:HuntsmanInternationalLLCMemberhun:ThirdPartyCustomersMember2021-01-012021-06-30 0001307954hun:HuntsmanInternationalLLCMemberhun:RelatedPartyCustomersMember2022-04-012022-06-30 0001307954hun:HuntsmanInternationalLLCMemberhun:RelatedPartyCustomersMember2021-04-012021-06-30 0001307954hun:HuntsmanInternationalLLCMemberhun:RelatedPartyCustomersMember2022-01-012022-06-30 0001307954hun:HuntsmanInternationalLLCMemberhun:RelatedPartyCustomersMember2021-01-012021-06-30 0001307954hun:HuntsmanInternationalLLCMember2022-04-012022-06-30 0001307954hun:HuntsmanInternationalLLCMember2021-04-012021-06-30 0001307954hun:HuntsmanInternationalLLCMember2022-01-012022-06-30 0001307954hun:HuntsmanInternationalLLCMember2021-01-012021-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:MemberUnitsMember2021-12-31 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:RetainedEarningsMember2021-12-31 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2021-12-31 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:NoncontrollingInterestMember2021-12-31 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:MemberUnitsMember2022-01-012022-03-31 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:RetainedEarningsMember2022-01-012022-03-31 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2022-01-012022-03-31 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:NoncontrollingInterestMember2022-01-012022-03-31 0001307954hun:HuntsmanInternationalLLCMember2022-01-012022-03-31 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:MemberUnitsMember2022-03-31 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:RetainedEarningsMember2022-03-31 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2022-03-31 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:NoncontrollingInterestMember2022-03-31 0001307954hun:HuntsmanInternationalLLCMember2022-03-31 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:MemberUnitsMember2022-04-012022-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:RetainedEarningsMember2022-04-012022-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2022-04-012022-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:NoncontrollingInterestMember2022-04-012022-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:MemberUnitsMember2022-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:RetainedEarningsMember2022-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2022-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:NoncontrollingInterestMember2022-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:MemberUnitsMember2020-12-31 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:RetainedEarningsMember2020-12-31 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2020-12-31 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:NoncontrollingInterestMember2020-12-31 0001307954hun:HuntsmanInternationalLLCMember2020-12-31 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:MemberUnitsMember2021-01-012021-03-31 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:RetainedEarningsMember2021-01-012021-03-31 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2021-01-012021-03-31 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:NoncontrollingInterestMember2021-01-012021-03-31 0001307954hun:HuntsmanInternationalLLCMember2021-01-012021-03-31 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:MemberUnitsMember2021-03-31 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:RetainedEarningsMember2021-03-31 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2021-03-31 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:NoncontrollingInterestMember2021-03-31 0001307954hun:HuntsmanInternationalLLCMember2021-03-31 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:MemberUnitsMember2021-04-012021-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:RetainedEarningsMember2021-04-012021-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2021-04-012021-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:NoncontrollingInterestMember2021-04-012021-06-30 0001307954hun:HuntsmanInternationalLLCMember2021-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:MemberUnitsMember2021-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:RetainedEarningsMember2021-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2021-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:NoncontrollingInterestMember2021-06-30 xbrli:pure 0001307954hun:TheRevolvingCreditFacilityMemberhun:HuntsmanInternationalLLCMember2022-05-20 0001307954hun:TheRevolvingCreditFacilityMemberhun:HuntsmanInternationalLLCMember2022-05-202022-05-20 0001307954hun:PraxairlindeMember2022-04-292022-04-29 0001307954hun:PraxairlindeMembersrt:MaximumMember2022-04-292022-04-29 0001307954hun:GabrielAcquisitionMember2021-01-152021-01-15 0001307954hun:GabrielAcquisitionMember2021-01-012021-06-30 0001307954hun:GabrielAcquisitionMember2021-01-15 utr:Y 0001307954hun:PidiliteIndustriesLtdMemberhun:IndiaBasedDoItYourselfConsumerAdhesivesBusinessMember2020-11-032020-11-03 0001307954hun:PidiliteIndustriesLtdMemberhun:IndiaBasedDoItYourselfConsumerAdhesivesBusinessMember2021-04-012021-06-30 0001307954hun:SKCapitalPartnersLPMemberhun:VenatorMaterialsPLCMember2020-01-012020-12-31 0001307954hun:SKCapitalPartnersLPMemberhun:VenatorMaterialsPLCMember2020-12-23 0001307954hun:VenatorMaterialsPLCMember2022-04-012022-06-30 0001307954hun:VenatorMaterialsPLCMember2021-04-012021-06-30 0001307954hun:VenatorMaterialsPLCMember2022-01-012022-06-30 0001307954hun:VenatorMaterialsPLCMember2021-01-012021-06-30 0001307954hun:RubiconLlcMember2022-01-012022-06-30 0001307954hun:ArabianAminesCompanyMember2022-01-012022-06-30 0001307954us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2022-06-30 0001307954us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-12-31 0001307954us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2022-04-012022-06-30 0001307954us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-04-012021-06-30 0001307954us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2022-01-012022-06-30 0001307954us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2021-01-012021-06-30 0001307954us-gaap:EmployeeSeveranceMember2021-12-31 0001307954hun:NoncancelableLeaseCostAndContractTerminationCostsMember2021-12-31 0001307954us-gaap:OtherRestructuringMember2021-12-31 0001307954us-gaap:EmployeeSeveranceMemberhun:InitiativesFor2022AndPriorMember2022-01-012022-06-30 0001307954hun:NoncancelableLeaseCostAndContractTerminationCostsMemberhun:InitiativesFor2022AndPriorMember2022-01-012022-06-30 0001307954us-gaap:OtherRestructuringMemberhun:InitiativesFor2022AndPriorMember2022-01-012022-06-30 0001307954hun:InitiativesFor2022AndPriorMember2022-01-012022-06-30 0001307954us-gaap:EmployeeSeveranceMemberhun:Initiatives2021AndPriorMember2022-01-012022-06-30 0001307954hun:NoncancelableLeaseCostAndContractTerminationCostsMemberhun:Initiatives2021AndPriorMember2022-01-012022-06-30 0001307954us-gaap:OtherRestructuringMemberhun:Initiatives2021AndPriorMember2022-01-012022-06-30 0001307954hun:Initiatives2021AndPriorMember2022-01-012022-06-30 0001307954us-gaap:EmployeeSeveranceMember2022-06-30 0001307954hun:NoncancelableLeaseCostAndContractTerminationCostsMember2022-06-30 0001307954us-gaap:OtherRestructuringMember2022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMember2021-12-31 0001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMember2021-12-31 0001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMember2021-12-31 0001307954us-gaap:OperatingSegmentsMemberhun:TextileEffectsMember2021-12-31 0001307954hun:CorporateAndReconcilingItemsMember2021-12-31 0001307954us-gaap:OperatingSegmentsMemberhun:InitiativesFor2022AndPriorMemberhun:PolyurethanesMember2022-01-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:InitiativesFor2022AndPriorMemberhun:PerformanceProductsMember2022-01-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:InitiativesFor2022AndPriorMemberhun:AdvancedMaterialsMember2022-01-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:InitiativesFor2022AndPriorMemberhun:TextileEffectsMember2022-01-012022-06-30 0001307954hun:CorporateAndReconcilingItemsMemberhun:InitiativesFor2022AndPriorMember2022-01-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:Initiatives2021AndPriorMemberhun:PolyurethanesMember2022-01-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:Initiatives2021AndPriorMemberhun:PerformanceProductsMember2022-01-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:Initiatives2021AndPriorMemberhun:AdvancedMaterialsMember2022-01-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:Initiatives2021AndPriorMemberhun:TextileEffectsMember2022-01-012022-06-30 0001307954hun:CorporateAndReconcilingItemsMemberhun:Initiatives2021AndPriorMember2022-01-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMember2022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMember2022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMember2022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:TextileEffectsMember2022-06-30 0001307954hun:CorporateAndReconcilingItemsMember2022-06-30 0001307954hun:InitiativesFor2022AndPriorMember2022-04-012022-06-30 0001307954hun:InitiativesFor2022AndPriorMember2021-04-012021-06-30 0001307954hun:InitiativesFor2022AndPriorMember2021-01-012021-06-30 0001307954hun:Initiatives2021AndPriorMember2022-04-012022-06-30 0001307954hun:Initiatives2021AndPriorMember2021-04-012021-06-30 0001307954hun:Initiatives2021AndPriorMember2021-01-012021-06-30 0001307954hun:Initiatives2021Member2022-04-012022-06-30 0001307954hun:Initiatives2021Member2021-04-012021-06-30 0001307954hun:Initiatives2021Member2022-01-012022-06-30 0001307954hun:Initiatives2021Member2021-01-012021-06-30 0001307954us-gaap:EmployeeSeveranceMemberus-gaap:CorporateAndOtherMember2022-01-012022-06-30 0001307954us-gaap:EmployeeSeveranceMemberus-gaap:CorporateAndOtherMember2021-01-012021-06-30 0001307954us-gaap:EmployeeSeveranceMemberus-gaap:CorporateAndOtherMember2022-06-30 0001307954us-gaap:EmployeeSeveranceMemberhun:PolyurethanesMember2022-01-012022-06-30 0001307954us-gaap:EmployeeSeveranceMemberhun:PolyurethanesMember2021-01-012021-06-30 0001307954us-gaap:EmployeeSeveranceMemberhun:PolyurethanesMember2022-06-30 0001307954us-gaap:EmployeeSeveranceMemberhun:AdvancedMaterialsMember2022-01-012022-06-30 0001307954us-gaap:EmployeeSeveranceMemberhun:AdvancedMaterialsMember2021-01-012021-06-30 0001307954us-gaap:EmployeeSeveranceMemberhun:AdvancedMaterialsMember2022-06-30 0001307954hun:TheRevolvingCreditFacilityMember2022-06-30 0001307954hun:TheRevolvingCreditFacilityMember2021-12-31 0001307954hun:AccountsReceivableProgramsMember2022-06-30 0001307954hun:AccountsReceivableProgramsMember2021-12-31 0001307954hun:TheSeniorNotesMember2022-06-30 0001307954hun:TheSeniorNotesMember2021-12-31 0001307954hun:VariableInterestEntitiesDebtMember2022-06-30 0001307954hun:VariableInterestEntitiesDebtMember2021-12-31 0001307954hun:OtherDebtInstrumentsMember2022-06-30 0001307954hun:OtherDebtInstrumentsMember2021-12-31 0001307954hun:TheRevolvingCreditFacilityMemberhun:HuntsmanInternationalLLCMember2022-06-30 0001307954hun:TheRevolvingCreditFacilityMemberhun:HuntsmanInternationalLLCMemberus-gaap:LondonInterbankOfferedRateLIBORMember2022-01-012022-06-30 0001307954hun:TheRevolvingCreditFacilityMemberhun:HuntsmanInternationalLLCMemberus-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember2022-01-012022-06-30 thunderdome:item 0001307954hun:USARProgramMember2022-01-012022-06-30 0001307954hun:USARProgramMember2022-06-30 0001307954hun:USARProgramMemberus-gaap:LondonInterbankOfferedRateLIBORMember2022-01-012022-06-30 0001307954hun:EUARProgramMember2022-01-012022-06-30 iso4217:EUR 0001307954hun:EUARProgramMember2022-06-30 0001307954hun:EUARProgramMemberhun:USDLIBOREURIBOROrSONIAMember2022-01-012022-06-30 0001307954hun:USAccountsReceivableProgramMaturingJuly2024Memberhun:HuntsmanInternationalLLCMember2022-06-30 0001307954hun:AccountsReceivableProgramsMemberhun:HuntsmanInternationalLLCMemberus-gaap:AssetPledgedAsCollateralMember2022-06-30 0001307954hun:AccountsReceivableProgramsMemberhun:HuntsmanInternationalLLCMemberus-gaap:AssetPledgedAsCollateralMember2021-12-31 0001307954hun:SeniorNotesMaturingApril2021Member2021-01-152021-01-15 0001307954hun:SeniorNotesMaturingApril2021Member2021-01-15 0001307954hun:SeniorNotesMaturingApril2021Member2021-01-012021-03-31 0001307954hun:The2031SeniorNotesMemberhun:HuntsmanInternationalLLCMember2021-05-26 0001307954hun:The2022SeniorNoteMemberhun:HuntsmanInternationalLLCMember2021-06-232021-06-23 0001307954hun:The2022SeniorNoteMemberhun:HuntsmanInternationalLLCMember2021-06-23 0001307954hun:The2022SeniorNoteMemberhun:HuntsmanInternationalLLCMemberhun:DebtRedemptionPremiumsAndRelatedFeesAndExpensesMember2021-06-232021-06-23 0001307954hun:The2022SeniorNoteMemberhun:HuntsmanInternationalLLCMember2021-04-012021-06-30 0001307954hun:ArabianAminesCompanyMember2022-06-30 utr:M 0001307954us-gaap:ForeignExchangeContractMember2022-01-012022-06-30 0001307954us-gaap:ForeignExchangeContractMember2022-06-30 0001307954us-gaap:ForeignExchangeContractMemberus-gaap:DesignatedAsHedgingInstrumentMember2022-06-30 0001307954us-gaap:ForeignExchangeContractMemberus-gaap:DesignatedAsHedgingInstrumentMember2022-01-012022-06-30 0001307954us-gaap:ForeignExchangeContractMemberus-gaap:DesignatedAsHedgingInstrumentMember2021-01-012021-06-30 0001307954us-gaap:CarryingReportedAmountFairValueDisclosureMember2022-06-30 0001307954us-gaap:EstimateOfFairValueFairValueDisclosureMember2022-06-30 0001307954us-gaap:CarryingReportedAmountFairValueDisclosureMember2021-12-31 0001307954us-gaap:EstimateOfFairValueFairValueDisclosureMember2021-12-31 0001307954hun:VenatorMaterialsPLCMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2022-06-30 0001307954hun:VenatorMaterialsPLCMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-06-30 0001307954hun:VenatorMaterialsPLCMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2021-12-31 0001307954hun:VenatorMaterialsPLCMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2021-12-31 0001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMemberhun:USAndCanadaMember2022-04-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMemberhun:USAndCanadaMember2022-04-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMemberhun:USAndCanadaMember2022-04-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:TextileEffectsMemberhun:USAndCanadaMember2022-04-012022-06-30 0001307954hun:CorporateAndReconcilingItemsMemberhun:USAndCanadaMember2022-04-012022-06-30 0001307954hun:USAndCanadaMember2022-04-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMembersrt:EuropeMember2022-04-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMembersrt:EuropeMember2022-04-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMembersrt:EuropeMember2022-04-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:TextileEffectsMembersrt:EuropeMember2022-04-012022-06-30 0001307954hun:CorporateAndReconcilingItemsMembersrt:EuropeMember2022-04-012022-06-30 0001307954srt:EuropeMember2022-04-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMembersrt:AsiaPacificMember2022-04-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMembersrt:AsiaPacificMember2022-04-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMembersrt:AsiaPacificMember2022-04-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:TextileEffectsMembersrt:AsiaPacificMember2022-04-012022-06-30 0001307954hun:CorporateAndReconcilingItemsMembersrt:AsiaPacificMember2022-04-012022-06-30 0001307954srt:AsiaPacificMember2022-04-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMemberhun:RestOfWorldMember2022-04-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMemberhun:RestOfWorldMember2022-04-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMemberhun:RestOfWorldMember2022-04-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:TextileEffectsMemberhun:RestOfWorldMember2022-04-012022-06-30 0001307954hun:CorporateAndReconcilingItemsMemberhun:RestOfWorldMember2022-04-012022-06-30 0001307954hun:RestOfWorldMember2022-04-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMember2022-04-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMember2022-04-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMember2022-04-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:TextileEffectsMember2022-04-012022-06-30 0001307954hun:CorporateAndReconcilingItemsMember2022-04-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:MDIUrethanesMemberhun:PolyurethanesMember2022-04-012022-06-30 0001307954hun:MDIUrethanesMember2022-04-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:DifferentiatedMemberhun:PerformanceProductsMember2022-04-012022-06-30 0001307954hun:DifferentiatedMember2022-04-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:SpecialtyMemberhun:AdvancedMaterialsMember2022-04-012022-06-30 0001307954hun:SpecialtyMember2022-04-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:NonspecialtyMemberhun:AdvancedMaterialsMember2022-04-012022-06-30 0001307954hun:NonspecialtyMember2022-04-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:TextileChemicalsAndDyesMemberhun:TextileEffectsMember2022-04-012022-06-30 0001307954hun:TextileChemicalsAndDyesMember2022-04-012022-06-30 0001307954us-gaap:IntersegmentEliminationMember2022-04-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMemberhun:USAndCanadaMember2021-04-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMemberhun:USAndCanadaMember2021-04-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMemberhun:USAndCanadaMember2021-04-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:TextileEffectsMemberhun:USAndCanadaMember2021-04-012021-06-30 0001307954hun:CorporateAndReconcilingItemsMemberhun:USAndCanadaMember2021-04-012021-06-30 0001307954hun:USAndCanadaMember2021-04-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMembersrt:EuropeMember2021-04-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMembersrt:EuropeMember2021-04-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMembersrt:EuropeMember2021-04-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:TextileEffectsMembersrt:EuropeMember2021-04-012021-06-30 0001307954hun:CorporateAndReconcilingItemsMembersrt:EuropeMember2021-04-012021-06-30 0001307954srt:EuropeMember2021-04-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMembersrt:AsiaPacificMember2021-04-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMembersrt:AsiaPacificMember2021-04-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMembersrt:AsiaPacificMember2021-04-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:TextileEffectsMembersrt:AsiaPacificMember2021-04-012021-06-30 0001307954hun:CorporateAndReconcilingItemsMembersrt:AsiaPacificMember2021-04-012021-06-30 0001307954srt:AsiaPacificMember2021-04-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMemberhun:RestOfWorldMember2021-04-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMemberhun:RestOfWorldMember2021-04-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMemberhun:RestOfWorldMember2021-04-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:TextileEffectsMemberhun:RestOfWorldMember2021-04-012021-06-30 0001307954hun:CorporateAndReconcilingItemsMemberhun:RestOfWorldMember2021-04-012021-06-30 0001307954hun:RestOfWorldMember2021-04-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:MDIUrethanesMemberhun:PolyurethanesMember2021-04-012021-06-30 0001307954hun:MDIUrethanesMember2021-04-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:DifferentiatedMemberhun:PerformanceProductsMember2021-04-012021-06-30 0001307954hun:DifferentiatedMember2021-04-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:SpecialtyMemberhun:AdvancedMaterialsMember2021-04-012021-06-30 0001307954hun:SpecialtyMember2021-04-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:NonspecialtyMemberhun:AdvancedMaterialsMember2021-04-012021-06-30 0001307954hun:NonspecialtyMember2021-04-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:TextileChemicalsAndDyesMemberhun:TextileEffectsMember2021-04-012021-06-30 0001307954hun:TextileChemicalsAndDyesMember2021-04-012021-06-30 0001307954hun:CorporateAndReconcilingItemsMember2021-04-012021-06-30 0001307954us-gaap:IntersegmentEliminationMember2021-04-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMember2021-04-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMember2021-04-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMember2021-04-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:TextileEffectsMember2021-04-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMemberhun:USAndCanadaMember2022-01-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMemberhun:USAndCanadaMember2022-01-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMemberhun:USAndCanadaMember2022-01-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:TextileEffectsMemberhun:USAndCanadaMember2022-01-012022-06-30 0001307954hun:CorporateAndReconcilingItemsMemberhun:USAndCanadaMember2022-01-012022-06-30 0001307954hun:USAndCanadaMember2022-01-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMembersrt:EuropeMember2022-01-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMembersrt:EuropeMember2022-01-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMembersrt:EuropeMember2022-01-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:TextileEffectsMembersrt:EuropeMember2022-01-012022-06-30 0001307954hun:CorporateAndReconcilingItemsMembersrt:EuropeMember2022-01-012022-06-30 0001307954srt:EuropeMember2022-01-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMembersrt:AsiaPacificMember2022-01-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMembersrt:AsiaPacificMember2022-01-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMembersrt:AsiaPacificMember2022-01-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:TextileEffectsMembersrt:AsiaPacificMember2022-01-012022-06-30 0001307954hun:CorporateAndReconcilingItemsMembersrt:AsiaPacificMember2022-01-012022-06-30 0001307954srt:AsiaPacificMember2022-01-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMemberhun:RestOfWorldMember2022-01-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMemberhun:RestOfWorldMember2022-01-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMemberhun:RestOfWorldMember2022-01-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:TextileEffectsMemberhun:RestOfWorldMember2022-01-012022-06-30 0001307954hun:CorporateAndReconcilingItemsMemberhun:RestOfWorldMember2022-01-012022-06-30 0001307954hun:RestOfWorldMember2022-01-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMember2022-01-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMember2022-01-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMember2022-01-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:TextileEffectsMember2022-01-012022-06-30 0001307954hun:CorporateAndReconcilingItemsMember2022-01-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:MDIUrethanesMemberhun:PolyurethanesMember2022-01-012022-06-30 0001307954hun:MDIUrethanesMember2022-01-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:DifferentiatedMemberhun:PerformanceProductsMember2022-01-012022-06-30 0001307954hun:DifferentiatedMember2022-01-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:SpecialtyMemberhun:AdvancedMaterialsMember2022-01-012022-06-30 0001307954hun:SpecialtyMember2022-01-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:NonspecialtyMemberhun:AdvancedMaterialsMember2022-01-012022-06-30 0001307954hun:NonspecialtyMember2022-01-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:TextileChemicalsAndDyesMemberhun:TextileEffectsMember2022-01-012022-06-30 0001307954hun:TextileChemicalsAndDyesMember2022-01-012022-06-30 0001307954us-gaap:IntersegmentEliminationMember2022-01-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMemberhun:USAndCanadaMember2021-01-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMemberhun:USAndCanadaMember2021-01-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMemberhun:USAndCanadaMember2021-01-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:TextileEffectsMemberhun:USAndCanadaMember2021-01-012021-06-30 0001307954hun:CorporateAndReconcilingItemsMemberhun:USAndCanadaMember2021-01-012021-06-30 0001307954hun:USAndCanadaMember2021-01-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMembersrt:EuropeMember2021-01-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMembersrt:EuropeMember2021-01-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMembersrt:EuropeMember2021-01-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:TextileEffectsMembersrt:EuropeMember2021-01-012021-06-30 0001307954hun:CorporateAndReconcilingItemsMembersrt:EuropeMember2021-01-012021-06-30 0001307954srt:EuropeMember2021-01-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMembersrt:AsiaPacificMember2021-01-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMembersrt:AsiaPacificMember2021-01-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMembersrt:AsiaPacificMember2021-01-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:TextileEffectsMembersrt:AsiaPacificMember2021-01-012021-06-30 0001307954hun:CorporateAndReconcilingItemsMembersrt:AsiaPacificMember2021-01-012021-06-30 0001307954srt:AsiaPacificMember2021-01-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMemberhun:RestOfWorldMember2021-01-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMemberhun:RestOfWorldMember2021-01-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMemberhun:RestOfWorldMember2021-01-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:TextileEffectsMemberhun:RestOfWorldMember2021-01-012021-06-30 0001307954hun:CorporateAndReconcilingItemsMemberhun:RestOfWorldMember2021-01-012021-06-30 0001307954hun:RestOfWorldMember2021-01-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMember2021-01-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMember2021-01-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMember2021-01-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:TextileEffectsMember2021-01-012021-06-30 0001307954hun:CorporateAndReconcilingItemsMember2021-01-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:MDIUrethanesMemberhun:PolyurethanesMember2021-01-012021-06-30 0001307954hun:MDIUrethanesMember2021-01-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:DifferentiatedMemberhun:PerformanceProductsMember2021-01-012021-06-30 0001307954hun:DifferentiatedMember2021-01-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:SpecialtyMemberhun:AdvancedMaterialsMember2021-01-012021-06-30 0001307954hun:SpecialtyMember2021-01-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:NonspecialtyMemberhun:AdvancedMaterialsMember2021-01-012021-06-30 0001307954hun:NonspecialtyMember2021-01-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:TextileChemicalsAndDyesMemberhun:TextileEffectsMember2021-01-012021-06-30 0001307954hun:TextileChemicalsAndDyesMember2021-01-012021-06-30 0001307954us-gaap:IntersegmentEliminationMember2021-01-012021-06-30 0001307954hun:DefinedBenefitPlansMember2022-04-012022-06-30 0001307954hun:DefinedBenefitPlansMember2021-04-012021-06-30 0001307954us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2022-04-012022-06-30 0001307954us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2021-04-012021-06-30 0001307954hun:DefinedBenefitPlansMember2022-01-012022-06-30 0001307954hun:DefinedBenefitPlansMember2021-01-012021-06-30 0001307954us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2022-01-012022-06-30 0001307954us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2021-01-012021-06-30 0001307954hun:HuntsmanInternationalLLCMemberhun:DefinedBenefitPlansMember2022-04-012022-06-30 0001307954hun:HuntsmanInternationalLLCMemberhun:DefinedBenefitPlansMember2021-04-012021-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2022-04-012022-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2021-04-012021-06-30 0001307954hun:HuntsmanInternationalLLCMemberhun:DefinedBenefitPlansMember2022-01-012022-06-30 0001307954hun:HuntsmanInternationalLLCMemberhun:DefinedBenefitPlansMember2021-01-012021-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2022-01-012022-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2021-01-012021-06-30 0001307954hun:ShareRepurchaseProgram2021Member2021-10-26 0001307954hun:ShareRepurchaseProgram2021Member2022-03-25 0001307954us-gaap:SubsequentEventMember2022-07-012022-07-20 0001307954us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2021-12-31 0001307954us-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2021-12-31 0001307954hun:AccumulatedOtherComprehensiveIncomeLossUnconsolidatedAffiliatesIncludingPortionAttributableToNoncontrollingInterestMember2021-12-31 0001307954hun:AccumulatedOtherComprehensiveIncomeOtherNetIncludingPortionAttributableToNoncontrollingInterestMember2021-12-31 0001307954us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2021-12-31 0001307954us-gaap:AociAttributableToNoncontrollingInterestMember2021-12-31 0001307954us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2022-01-012022-06-30 0001307954us-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2022-01-012022-06-30 0001307954hun:AccumulatedOtherComprehensiveIncomeLossUnconsolidatedAffiliatesIncludingPortionAttributableToNoncontrollingInterestMember2022-01-012022-06-30 0001307954hun:AccumulatedOtherComprehensiveIncomeOtherNetIncludingPortionAttributableToNoncontrollingInterestMember2022-01-012022-06-30 0001307954us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2022-01-012022-06-30 0001307954us-gaap:AociAttributableToNoncontrollingInterestMember2022-01-012022-06-30 0001307954us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-01-012022-06-30 0001307954us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2022-06-30 0001307954us-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2022-06-30 0001307954hun:AccumulatedOtherComprehensiveIncomeLossUnconsolidatedAffiliatesIncludingPortionAttributableToNoncontrollingInterestMember2022-06-30 0001307954hun:AccumulatedOtherComprehensiveIncomeOtherNetIncludingPortionAttributableToNoncontrollingInterestMember2022-06-30 0001307954us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2022-06-30 0001307954us-gaap:AociAttributableToNoncontrollingInterestMember2022-06-30 0001307954us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2020-12-31 0001307954us-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2020-12-31 0001307954hun:AccumulatedOtherComprehensiveIncomeLossUnconsolidatedAffiliatesIncludingPortionAttributableToNoncontrollingInterestMember2020-12-31 0001307954hun:AccumulatedOtherComprehensiveIncomeOtherNetIncludingPortionAttributableToNoncontrollingInterestMember2020-12-31 0001307954us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2020-12-31 0001307954us-gaap:AociAttributableToNoncontrollingInterestMember2020-12-31 0001307954us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2021-01-012021-06-30 0001307954us-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2021-01-012021-06-30 0001307954hun:AccumulatedOtherComprehensiveIncomeLossUnconsolidatedAffiliatesIncludingPortionAttributableToNoncontrollingInterestMember2021-01-012021-06-30 0001307954hun:AccumulatedOtherComprehensiveIncomeOtherNetIncludingPortionAttributableToNoncontrollingInterestMember2021-01-012021-06-30 0001307954us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2021-01-012021-06-30 0001307954us-gaap:AociAttributableToNoncontrollingInterestMember2021-01-012021-06-30 0001307954us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-01-012021-06-30 0001307954us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2021-06-30 0001307954us-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2021-06-30 0001307954hun:AccumulatedOtherComprehensiveIncomeLossUnconsolidatedAffiliatesIncludingPortionAttributableToNoncontrollingInterestMember2021-06-30 0001307954hun:AccumulatedOtherComprehensiveIncomeOtherNetIncludingPortionAttributableToNoncontrollingInterestMember2021-06-30 0001307954us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2021-06-30 0001307954us-gaap:AociAttributableToNoncontrollingInterestMember2021-06-30 0001307954us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceIncludingPortionAttributableToNoncontrollingInterestMember2022-04-012022-06-30 0001307954us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceIncludingPortionAttributableToNoncontrollingInterestMember2021-04-012021-06-30 0001307954us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberhun:AccumulatedDefinedBenefitPlansAdjustmentActuarialGainLossIncludingPortionAttributableToNoncontrollingInterestMember2022-04-012022-06-30 0001307954us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberhun:AccumulatedDefinedBenefitPlansAdjustmentActuarialGainLossIncludingPortionAttributableToNoncontrollingInterestMember2021-04-012021-06-30 0001307954us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2022-04-012022-06-30 0001307954us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2021-04-012021-06-30 0001307954us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceIncludingPortionAttributableToNoncontrollingInterestMember2022-01-012022-06-30 0001307954us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceIncludingPortionAttributableToNoncontrollingInterestMember2021-01-012021-06-30 0001307954us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberhun:AccumulatedDefinedBenefitPlansAdjustmentSettlementGainLossIncludingPortionAttributableToNoncontrollingInterestMember2022-01-012022-06-30 0001307954us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberhun:AccumulatedDefinedBenefitPlansAdjustmentSettlementGainLossIncludingPortionAttributableToNoncontrollingInterestMember2021-01-012021-06-30 0001307954us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberhun:AccumulatedDefinedBenefitPlansAdjustmentActuarialGainLossIncludingPortionAttributableToNoncontrollingInterestMember2022-01-012022-06-30 0001307954us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberhun:AccumulatedDefinedBenefitPlansAdjustmentActuarialGainLossIncludingPortionAttributableToNoncontrollingInterestMember2021-01-012021-06-30 0001307954us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2022-01-012022-06-30 0001307954us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2021-01-012021-06-30 0001307954us-gaap:DiscontinuedOperationsHeldForSaleOrDisposedOfBySaleMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberhun:AccumulatedDefinedBenefitPlansAdjustmentActuarialGainLossIncludingPortionAttributableToNoncontrollingInterestMember2021-04-012021-06-30 0001307954us-gaap:DiscontinuedOperationsHeldForSaleOrDisposedOfBySaleMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberhun:AccumulatedDefinedBenefitPlansAdjustmentActuarialGainLossIncludingPortionAttributableToNoncontrollingInterestMember2022-04-012022-06-30 0001307954us-gaap:DiscontinuedOperationsHeldForSaleOrDisposedOfBySaleMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberhun:AccumulatedDefinedBenefitPlansAdjustmentActuarialGainLossIncludingPortionAttributableToNoncontrollingInterestMember2022-01-012022-06-30 0001307954us-gaap:DiscontinuedOperationsHeldForSaleOrDisposedOfBySaleMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberhun:AccumulatedDefinedBenefitPlansAdjustmentActuarialGainLossIncludingPortionAttributableToNoncontrollingInterestMember2021-01-012021-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2021-12-31 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2021-12-31 0001307954hun:HuntsmanInternationalLLCMemberhun:AccumulatedOtherComprehensiveIncomeLossUnconsolidatedAffiliatesIncludingPortionAttributableToNoncontrollingInterestMember2021-12-31 0001307954hun:HuntsmanInternationalLLCMemberhun:AccumulatedOtherComprehensiveIncomeOtherNetIncludingPortionAttributableToNoncontrollingInterestMember2021-12-31 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2021-12-31 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AociAttributableToNoncontrollingInterestMember2021-12-31 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2022-01-012022-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2022-01-012022-06-30 0001307954hun:HuntsmanInternationalLLCMemberhun:AccumulatedOtherComprehensiveIncomeLossUnconsolidatedAffiliatesIncludingPortionAttributableToNoncontrollingInterestMember2022-01-012022-06-30 0001307954hun:HuntsmanInternationalLLCMemberhun:AccumulatedOtherComprehensiveIncomeOtherNetIncludingPortionAttributableToNoncontrollingInterestMember2022-01-012022-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2022-01-012022-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AociAttributableToNoncontrollingInterestMember2022-01-012022-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2022-01-012022-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2022-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2022-06-30 0001307954hun:HuntsmanInternationalLLCMemberhun:AccumulatedOtherComprehensiveIncomeLossUnconsolidatedAffiliatesIncludingPortionAttributableToNoncontrollingInterestMember2022-06-30 0001307954hun:HuntsmanInternationalLLCMemberhun:AccumulatedOtherComprehensiveIncomeOtherNetIncludingPortionAttributableToNoncontrollingInterestMember2022-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2022-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AociAttributableToNoncontrollingInterestMember2022-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2020-12-31 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2020-12-31 0001307954hun:HuntsmanInternationalLLCMemberhun:AccumulatedOtherComprehensiveIncomeLossUnconsolidatedAffiliatesIncludingPortionAttributableToNoncontrollingInterestMember2020-12-31 0001307954hun:HuntsmanInternationalLLCMemberhun:AccumulatedOtherComprehensiveIncomeOtherNetIncludingPortionAttributableToNoncontrollingInterestMember2020-12-31 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2020-12-31 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AociAttributableToNoncontrollingInterestMember2020-12-31 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2021-01-012021-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2021-01-012021-06-30 0001307954hun:HuntsmanInternationalLLCMemberhun:AccumulatedOtherComprehensiveIncomeLossUnconsolidatedAffiliatesIncludingPortionAttributableToNoncontrollingInterestMember2021-01-012021-06-30 0001307954hun:HuntsmanInternationalLLCMemberhun:AccumulatedOtherComprehensiveIncomeOtherNetIncludingPortionAttributableToNoncontrollingInterestMember2021-01-012021-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2021-01-012021-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AociAttributableToNoncontrollingInterestMember2021-01-012021-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2021-01-012021-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2021-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2021-06-30 0001307954hun:HuntsmanInternationalLLCMemberhun:AccumulatedOtherComprehensiveIncomeLossUnconsolidatedAffiliatesIncludingPortionAttributableToNoncontrollingInterestMember2021-06-30 0001307954hun:HuntsmanInternationalLLCMemberhun:AccumulatedOtherComprehensiveIncomeOtherNetIncludingPortionAttributableToNoncontrollingInterestMember2021-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2021-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AociAttributableToNoncontrollingInterestMember2021-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceIncludingPortionAttributableToNoncontrollingInterestMember2022-04-012022-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceIncludingPortionAttributableToNoncontrollingInterestMember2021-04-012021-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberhun:AccumulatedDefinedBenefitPlansAdjustmentActuarialGainLossIncludingPortionAttributableToNoncontrollingInterestMember2022-04-012022-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberhun:AccumulatedDefinedBenefitPlansAdjustmentActuarialGainLossIncludingPortionAttributableToNoncontrollingInterestMember2021-04-012021-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2022-04-012022-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2021-04-012021-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceIncludingPortionAttributableToNoncontrollingInterestMember2022-01-012022-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceIncludingPortionAttributableToNoncontrollingInterestMember2021-01-012021-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberhun:AccumulatedDefinedBenefitPlansAdjustmentSettlementGainLossIncludingPortionAttributableToNoncontrollingInterest1Member2022-01-012022-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberhun:AccumulatedDefinedBenefitPlansAdjustmentSettlementGainLossIncludingPortionAttributableToNoncontrollingInterest1Member2021-01-012021-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberhun:AccumulatedDefinedBenefitPlansAdjustmentActuarialGainLossIncludingPortionAttributableToNoncontrollingInterestMember2022-01-012022-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberhun:AccumulatedDefinedBenefitPlansAdjustmentActuarialGainLossIncludingPortionAttributableToNoncontrollingInterestMember2021-01-012021-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2022-01-012022-06-30 0001307954hun:HuntsmanInternationalLLCMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2021-01-012021-06-30 0001307954us-gaap:DiscontinuedOperationsHeldForSaleOrDisposedOfBySaleMemberhun:HuntsmanInternationalLLCMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberhun:AccumulatedDefinedBenefitPlansAdjustmentActuarialGainLossIncludingPortionAttributableToNoncontrollingInterestMember2021-04-012021-06-30 0001307954us-gaap:DiscontinuedOperationsHeldForSaleOrDisposedOfBySaleMemberhun:HuntsmanInternationalLLCMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberhun:AccumulatedDefinedBenefitPlansAdjustmentActuarialGainLossIncludingPortionAttributableToNoncontrollingInterestMember2022-04-012022-06-30 0001307954us-gaap:DiscontinuedOperationsHeldForSaleOrDisposedOfBySaleMemberhun:HuntsmanInternationalLLCMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberhun:AccumulatedDefinedBenefitPlansAdjustmentActuarialGainLossIncludingPortionAttributableToNoncontrollingInterestMember2022-01-012022-06-30 0001307954us-gaap:DiscontinuedOperationsHeldForSaleOrDisposedOfBySaleMemberhun:HuntsmanInternationalLLCMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberhun:AccumulatedDefinedBenefitPlansAdjustmentActuarialGainLossIncludingPortionAttributableToNoncontrollingInterestMember2021-01-012021-06-30 0001307954hun:The2016StockIncentivePlanMember2022-06-30 0001307954us-gaap:EmployeeStockOptionMemberhun:The2016StockIncentivePlanMembersrt:MaximumMember2022-01-012022-06-30 0001307954hun:The2016StockIncentivePlanMember2022-01-012022-06-30 0001307954hun:PerformanceShareUnitType2Memberhun:The2016StockIncentivePlanMember2022-01-012022-06-30 0001307954us-gaap:EmployeeStockOptionMember2021-01-012021-06-30 0001307954us-gaap:EmployeeStockOptionMember2022-06-30 0001307954us-gaap:EmployeeStockOptionMember2022-01-012022-06-30 0001307954hun:PerformanceShareUnitType1Member2022-01-012022-06-30 0001307954hun:PerformanceShareUnitType1Member2021-01-012021-06-30 0001307954hun:PerformanceShareUnitType2Member2022-01-012022-06-30 0001307954hun:EquityAwardsMember2021-12-31 0001307954hun:LiabilityAwardsMember2021-12-31 0001307954hun:EquityAwardsMember2022-01-012022-06-30 0001307954hun:LiabilityAwardsMember2022-01-012022-06-30 0001307954hun:EquityAwardsMember2022-06-30 0001307954hun:LiabilityAwardsMember2022-06-30 0001307954us-gaap:PerformanceSharesMembersrt:ScenarioForecastMember2024-01-012024-03-31 0001307954us-gaap:RestrictedStockUnitsRSUMember2022-01-012022-06-30 0001307954us-gaap:PerformanceSharesMember2022-01-012022-06-30 0001307954hun:NonvestedSharesMember2022-06-30 0001307954hun:NonvestedSharesMember2022-01-012022-06-30 0001307954hun:NonvestedSharesMember2021-01-012021-06-30 0001307954us-gaap:StockCompensationPlanMember2022-04-012022-06-30 0001307954us-gaap:StockCompensationPlanMember2021-04-012021-06-30 0001307954us-gaap:StockCompensationPlanMember2022-01-012022-06-30 0001307954us-gaap:StockCompensationPlanMember2021-01-012021-06-30 0001307954us-gaap:OperatingSegmentsMember2022-04-012022-06-30 0001307954us-gaap:OperatingSegmentsMember2021-04-012021-06-30 0001307954us-gaap:OperatingSegmentsMember2022-01-012022-06-30 0001307954us-gaap:OperatingSegmentsMember2021-01-012021-06-30 0001307954srt:ConsolidationEliminationsMember2022-04-012022-06-30 0001307954srt:ConsolidationEliminationsMember2021-04-012021-06-30 0001307954srt:ConsolidationEliminationsMember2022-01-012022-06-30 0001307954srt:ConsolidationEliminationsMember2021-01-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:HuntsmanInternationalLLCMemberhun:PolyurethanesMember2022-04-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:HuntsmanInternationalLLCMemberhun:PolyurethanesMember2021-04-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:HuntsmanInternationalLLCMemberhun:PolyurethanesMember2022-01-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:HuntsmanInternationalLLCMemberhun:PolyurethanesMember2021-01-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:HuntsmanInternationalLLCMemberhun:PerformanceProductsMember2022-04-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:HuntsmanInternationalLLCMemberhun:PerformanceProductsMember2021-04-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:HuntsmanInternationalLLCMemberhun:PerformanceProductsMember2022-01-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:HuntsmanInternationalLLCMemberhun:PerformanceProductsMember2021-01-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:HuntsmanInternationalLLCMemberhun:AdvancedMaterialsMember2022-04-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:HuntsmanInternationalLLCMemberhun:AdvancedMaterialsMember2021-04-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:HuntsmanInternationalLLCMemberhun:AdvancedMaterialsMember2022-01-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:HuntsmanInternationalLLCMemberhun:AdvancedMaterialsMember2021-01-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:HuntsmanInternationalLLCMemberhun:TextileEffectsMember2022-04-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:HuntsmanInternationalLLCMemberhun:TextileEffectsMember2021-04-012021-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:HuntsmanInternationalLLCMemberhun:TextileEffectsMember2022-01-012022-06-30 0001307954us-gaap:OperatingSegmentsMemberhun:HuntsmanInternationalLLCMemberhun:TextileEffectsMember2021-01-012021-06-30 0001307954us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberhun:HuntsmanInternationalLLCMember2021-12-31
 

        

Table of Contents



UNITED STATES 

SECURITIES AND EXCHANGE COMMISSION 

WASHINGTON, D.C. 20549

 

Form 10-Q

(Mark One)

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2022

OR

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                          to                         

Commission
File Number

    

Exact Name of Registrant as Specified in its Charter,
Principal Office Address and Telephone Number

    

State of
Incorporation
or Organization

    

I.R.S. Employer
Identification No.

001-32427

Huntsman Corporation
10003 Woodloch Forest Drive
The Woodlands, Texas 77380
(281) 719-6000

Delaware

42-1648585

333-85141

Huntsman International LLC
10003 Woodloch Forest Drive
The Woodlands, Texas 77380
(281) 719-6000

Delaware

87-0630358

 


Securities registered pursuant to Section 12(b) of the Act:

Registrant

 

Title of each class

 

Trading Symbol

Name of each exchange on which registered

Huntsman Corporation

 

Common Stock, par value $0.01 per share

 

HUN

New York Stock Exchange

Huntsman International LLC

 

NONE

 

NONE

NONE

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Huntsman Corporation

Yes ☒

No ☐

Huntsman International LLC

Yes

No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Huntsman Corporation

Yes

No ☐

Huntsman International LLC

Yes

No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one):

Huntsman Corporation

Large accelerated filer

Accelerated filer ☐

Non-accelerated filer ☐

Smaller reporting company

Emerging growth company

Huntsman International LLC

Large accelerated filer ☐

Accelerated filer ☐

Non-accelerated filer

Smaller reporting company

Emerging Growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

Huntsman Corporation

Huntsman International LLC

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Huntsman Corporation

Yes

No ☒

Huntsman International LLC

Yes

No ☒

On July 20, 2022, 201,407,814 shares of common stock of Huntsman Corporation were outstanding and 2,728 units of membership interests of Huntsman International LLC were outstanding. There is no trading market for Huntsman International LLC’s units of membership interests. All of Huntsman International LLC’s units of membership interests are held by Huntsman Corporation.


This Quarterly Report on Form 10-Q presents information for two registrants: Huntsman Corporation and Huntsman International LLC. Huntsman International LLC is a wholly-owned subsidiary of Huntsman Corporation and is the principal operating company of Huntsman Corporation. The information reflected in this Quarterly Report on Form 10-Q is equally applicable to both Huntsman Corporation and Huntsman International LLC, except where otherwise indicated. Huntsman International LLC meets the conditions set forth in General Instructions H(1)(a) and (b) of Form 10-Q and, to the extent applicable, is therefore filing this form with a reduced disclosure format.



 

 

 
 

HUNTSMAN CORPORATION AND SUBSIDIARIES

HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES

QUARTERLY REPORT ON FORM 10-Q FOR THE QUARTERLY PERIOD

ENDED June 30, 2022

TABLE OF CONTENTS

Page

PART I

FINANCIAL INFORMATION

4

ITEM 1.

Condensed Consolidated Financial Statements (Unaudited)

4

Huntsman Corporation and Subsidiaries:

Unaudited Condensed Consolidated Balance Sheets

4

Unaudited Condensed Consolidated Statements of Operations

5

Unaudited Condensed Consolidated Statements of Comprehensive Income

6

Unaudited Condensed Consolidated Statements of Equity

7

Unaudited Condensed Consolidated Statements of Cash Flows

8

Huntsman International LLC and Subsidiaries:

Unaudited Condensed Consolidated Balance Sheets

9

Unaudited Condensed Consolidated Statements of Operations

10

Unaudited Condensed Consolidated Statements of Comprehensive Income

11

Unaudited Condensed Consolidated Statements of Equity

12

Unaudited Condensed Consolidated Statements of Cash Flows

13

Huntsman Corporation and Subsidiaries and Huntsman International LLC and Subsidiaries:

Notes to Unaudited Condensed Consolidated Financial Statements

14

ITEM 2.

Management’s Discussion and Analysis of Financial Condition and Results of Operations

34

ITEM 3.

Quantitative and Qualitative Disclosures About Market Risk

51

ITEM 4.

Controls and Procedures

51

PART II

OTHER INFORMATION

52

ITEM 1.

Legal Proceedings

52

ITEM 1A.

Risk Factors

52

ITEM 2.

Unregistered Sales of Equity Securities and Use of Proceeds

52

ITEM 6.

Exhibits

53

2

 

FORWARD-LOOKING STATEMENTS

Certain information set forth in this report contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than historical factual information are forward-looking statements, including without limitation statements regarding: projections of revenue, expenses, profit, profit margins, tax rates, tax provisions, cash flows, pension and benefit obligations and funding requirements, our liquidity position or other projected financial measures; projected impact of COVID-19 on our operations and future financial results; projected impact of the potential expansion of the Russia-Ukraine conflict on our operations and future financial results; management’s plans and strategies for future operations, including statements relating to anticipated operating performance, cost reductions, restructuring activities, new product and service developments, competitive strengths or market position, acquisitions, divestitures, business separations, spin-offs, or other distributions, strategic opportunities, securities offerings, stock repurchases, dividends and executive compensation; growth, declines and other trends in markets we sell into; new or modified laws, regulations and accounting pronouncements; outstanding claims, legal proceedings, tax audits and assessments and other contingent liabilities; foreign currency exchange rates and fluctuations in those rates; general economic and capital markets conditions; the timing of any of the foregoing; assumptions underlying any of the foregoing; and any other statements that address events or developments that we intend or believe will or may occur in the future. In some cases, forward-looking statements can be identified by terminology such as “believes,” “expects,” “may,” “will,” “should,” “anticipates” or “intends” or the negative of such terms or other comparable terminology, or by discussions of strategy. We may also make additional forward-looking statements from time to time. All such subsequent forward-looking statements, whether written or oral, by us or on our behalf, are also expressly qualified by these cautionary statements.

All forward-looking statements, including without limitation any projections derived from management’s examination of historical operating trends, are based upon our current expectations and various assumptions. Our expectations, beliefs and projections are expressed in good faith and we believe there is a reasonable basis for them, but there can be no assurance that management’s expectations, beliefs and projections will be achieved. All forward-looking statements apply only as of the date made. We undertake no obligation to publicly update or revise forward-looking statements whether because of new information, future events or otherwise, except as required by securities and other applicable law.

There are a number of risks and uncertainties that could cause our actual results to differ materially from the forward-looking statements contained in or contemplated by this report. Any forward-looking statements should be considered in light of the risks set forth in “Part II. Item 1A. Risk Factors” below and “Part I. Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2021.

 

3

 

 

PART I. FINANCIAL INFORMATION

ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

HUNTSMAN CORPORATION AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(In Millions, Except Share and Per Share Amounts)

  

June 30,

  

December 31,

 
  

2022

  

2021

 

ASSETS

        

Current assets:

        

Cash and cash equivalents(a)

 $608  $1,041 

Accounts and notes receivable (net of allowance for doubtful accounts of $24 and $25, respectively), ($407 and $324 pledged as collateral, respectively)(a)

  1,259   1,159 

Accounts receivable from affiliates

  29   27 

Inventories(a)

  1,401   1,201 

Receivable associated with the Albemarle Settlement

     333 

Other current assets

  140   167 

Total current assets

  3,437   3,928 

Property, plant and equipment, net(a)

  2,486   2,576 

Investment in unconsolidated affiliates

  431   470 

Intangible assets, net

  448   469 

Goodwill

  648   650 

Deferred income taxes

  196   206 

Operating lease right-of-use assets

  407   403 

Other noncurrent assets(a)

  668   690 

Total assets

 $8,721  $9,392 
         

LIABILITIES AND EQUITY

        

Current liabilities:

        

Accounts payable(a)

 $1,069  $1,148 

Accounts payable to affiliates

  59   60 

Accrued liabilities(a)

  426   780 

Current portion of debt(a)

  13   12 

Current operating lease liabilities(a)

  55   51 

Total current liabilities

  1,622   2,051 

Long-term debt(a)

  1,508   1,538 

Deferred income taxes

  220   161 

Noncurrent operating lease liabilities(a)

  370   370 

Other noncurrent liabilities(a)

  650   713 

Total liabilities

  4,370   4,833 

Commitments and contingencies (Notes 15 and 16)

          

Equity

        

Huntsman Corporation stockholders’ equity:

        

Common stock $0.01 par value, 1,200,000,000 shares authorized, 261,124,462 and 259,701,770 shares issued and 201,672,202 and 214,170,287 shares outstanding, respectively

  3   3 

Additional paid-in capital

  4,154   4,102 

Treasury stock, 59,452,260 and 45,531,489 shares, respectively

  (1,435)  (934)

Unearned stock-based compensation

  (41)  (25)

Retained earnings

  2,778   2,435 

Accumulated other comprehensive loss

  (1,312)  (1,203)

Total Huntsman Corporation stockholders’ equity

  4,147   4,378 

Noncontrolling interests in subsidiaries

  204   181 

Total equity

  4,351   4,559 

Total liabilities and equity

 $8,721  $9,392 

 


(a)

At June 30, 2022 and December 31, 2021, respectively, $6 and $1 of cash and cash equivalents, $5 and $12 of accounts and notes receivable (net), $70 and $64 of inventories, $158 and $161 of property, plant and equipment (net), $25 and $23 of other noncurrent assets, $127 and $146 of accounts payable, $8 and $13 of accrued liabilities, $9 and $10 of current portion of debt, $10 and $6 of current operating lease liabilities, $31 and $35 of long-term debt, $23 and $20 of noncurrent operating lease liabilities and $45 and $46 of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 6. Variable Interest Entities.” 

See accompanying notes to condensed consolidated financial statements.

 

4

 

 

HUNTSMAN CORPORATION AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In Millions, Except Per Share Amounts)

   

Three months

   

Six months

 
   

ended

   

ended

 
   

June 30,

   

June 30,

 
   

2022

   

2021

   

2022

   

2021

 

Revenues:

                               

Trade sales, services and fees, net

  $ 2,303     $ 1,974     $ 4,632     $ 3,776  

Related party sales

    59       50       119       85  

Total revenues

    2,362       2,024       4,751       3,861  

Cost of goods sold

    1,824       1,593       3,648       3,038  

Gross profit

    538       431       1,103       823  

Operating expenses:

                               

Selling, general and administrative

    203       209       419       416  

Research and development

    36       37       74       75  

Restructuring, impairment and plant closing costs

    24       11       24       35  

Gain on sale of India-based DIY business

          (28 )           (28 )

Other operating income, net

    (18 )     (7 )     (11 )     (10 )

Total operating expenses

    245       222       506       488  

Operating income

    293       209       597       335  

Interest expense, net

    (16 )     (18 )     (30 )     (37 )

Equity in income of investment in unconsolidated affiliates

    19       46       34       84  

Fair value adjustments to Venator investment, net

          (6 )     (2 )     (25 )

Loss on early extinguishment of debt

          (27 )           (27 )

Other income, net

    13       9       14       16  

Income from continuing operations before income taxes

    309       213       613       346  

Income tax expense

    (67 )     (42 )     (132 )     (76 )

Income from continuing operations

    242       171       481       270  

Income from discontinued operations, net of tax

          1       1       2  

Net income

    242       172       482       272  

Net income attributable to noncontrolling interests

    (14 )     (16 )     (31 )     (33 )

Net income attributable to Huntsman Corporation

  $ 228     $ 156     $ 451     $ 239  
                                 

Basic income per share:

                               

Income from continuing operations attributable to Huntsman Corporation common stockholders

  $ 1.11     $ 0.71     $ 2.15     $ 1.07  

Income from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax

                0.01       0.01  

Net income attributable to Huntsman Corporation common stockholders

  $ 1.11     $ 0.71     $ 2.16     $ 1.08  

Weighted average shares

    205.2       220.9       209.0       220.6  
                                 

Diluted income per share:

                               

Income from continuing operations attributable to Huntsman Corporation common stockholders

  $ 1.10     $ 0.70     $ 2.13     $ 1.06  

Income from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax

                0.01       0.01  

Net income attributable to Huntsman Corporation common stockholders

  $ 1.10     $ 0.70     $ 2.14     $ 1.07  

Weighted average shares

    207.0       222.9       211.2       222.7  
                                 

Amounts attributable to Huntsman Corporation:

                               

Income from continuing operations

  $ 228     $ 155     $ 450     $ 237  

Income from discontinued operations, net of tax

          1       1       2  

Net income

  $ 228     $ 156     $ 451     $ 239  

See accompanying notes to condensed consolidated financial statements.

5

 

 

HUNTSMAN CORPORATION AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(In Millions)

   

Three months

   

Six months

 
   

ended

   

ended

 
   

June 30,

   

June 30,

 
   

2022

   

2021

   

2022

   

2021

 

Net income

  $ 242     $ 172     $ 482     $ 272  

Other comprehensive (loss) income, net of tax:

                               

Foreign currency translations adjustments

    (114 )     26       (134 )     (6 )

Pension and other postretirement benefits adjustments

    9       16       18       35  

Other, net

                (1 )      

Other comprehensive (loss) income, net of tax

    (105 )     42       (117 )     29  

Comprehensive income

    137       214       365       301  

Comprehensive income attributable to noncontrolling interests

    (7 )     (17 )     (23 )     (34 )

Comprehensive income attributable to Huntsman Corporation

  $ 130     $ 197     $ 342     $ 267  

 

6

 

 

HUNTSMAN CORPORATION AND SUBSIDIARIES

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF EQUITY

(In Millions, Except Share Amounts)

  

Huntsman Corporation Stockholders' Equity

         
                          

Accumulated

         
  

Shares

      

Additional

      

Unearned

      

other

  

Noncontrolling

     
  

common

  

Common

  

paid-in

  

Treasury

  

stock-based

  

Retained

  

comprehensive

  

interests in

  

Total

 
  

stock

  

stock

  

capital

  

stock

  

compensation

  

earnings

  

loss

  

subsidiaries

  

equity

 

Balance, January 1, 2022

  214,170,287  $3  $4,102  $(934) $(25) $2,435  $(1,203) $181  $4,559 

Net income

                 223      17   240 

Other comprehensive loss

                    (11)  (1)  (12)

Issuance of nonvested stock awards

        32      (32)            

Vesting of stock awards

  1,327,568      7                  7 

Recognition of stock-based compensation

        1      8            9 

Repurchase and cancellation of stock awards

  (361,250)              (13)        (13)

Stock options exercised

  387,899      10         (5)        5 

Treasury stock repurchased

  (5,549,348)        (210)              (210)

Dividends declared on common stock ($0.2125 per share)

                 (45)        (45)

Balance, March 31, 2022

  209,975,156   3   4,152   (1,144)  (49)  2,595   (1,214)  197   4,540 

Net income

                 228      14   242 

Other comprehensive loss

                    (98)  (7)  (105)

Vesting of stock awards

  4,045                         

Recognition of stock-based compensation

        1      8            9 

Repurchase and cancellation of stock awards

  (2,416)              (1)        (1)

Stock options exercised

  66,840      1                  1 

Treasury stock repurchased

  (8,371,423)        (291)              (291)

Dividends declared on common stock ($0.2125 per share)

                 (44)        (44)

Balance, June 30, 2022

  201,672,202  $3  $4,154  $(1,435) $(41) $2,778  $(1,312) $204  $4,351 

  Huntsman Corporation Stockholders' Equity         
                          

Accumulated

         
  

Shares

      

Additional

      

Unearned

      

other

  

Noncontrolling

     
  

common

  

Common

  

paid-in

  

Treasury

  

stock-based

  

Retained

  

comprehensive

  

interests in

  

Total

 
  

stock

  

stock

  

capital

  

stock

  

compensation

  

earnings

  

loss

  

subsidiaries

  

equity

 

Balance, January 1, 2021

  220,046,262  $3  $4,048  $(731) $(19) $1,564  $(1,346) $154  $3,673 

Net income

                 83      17   100 

Other comprehensive loss

                    (13)     (13)

Issuance of nonvested stock awards

        25      (25)            

Vesting of stock awards

  664,818      5                  5 

Recognition of stock-based compensation

        2      6            8 

Repurchase and cancellation of stock awards

  (202,961)              (6)        (6)

Stock options exercised

  204,005      5         (2)        3 

Dividends declared on common stock ($0.1625 per share)

                 (36)        (36)

Balance, March 31, 2021

  220,712,124   3   4,085   (731)  (38)  1,603   (1,359)  171   3,734 

Net income

                 156      16   172 

Other comprehensive income

                    41   1   42 

Vesting of stock awards

  3,732                         

Recognition of stock-based compensation

        2      4            6 

Repurchase and cancellation of stock awards

  (19,912)              (1)