0001307954
0001089748
false
--12-31
Q3
2023
--12-31
Q2
2023
11
14
282
272
0.01
0.01
1,200,000,000
1,200,000,000
262,141,647
261,148,217
173,608,016
183,634,464
88,533,631
77,513,753
0.2375
0.2375
0.2375
0.2125
0.2125
0.2125
11
14
282
272
2,728
2,728
2,728
2,728
8
0
1.525
July 31, 2024
0.90
July 31, 2024
1.30
105
63
300
300
316
750
741
400
397
1
150
0
56
0
43
0
5
1
4
30
6
3
2
0
0
3
3
2
2
3
Amounts are net of tax of $73 million and $81 million as of September 30, 2022 and January 1, 2022, respectively.
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 $43 million for both September 30, 2022 and January 1, 2022.
See table below for details about these reclassifications.
These accumulated other comprehensive loss components are included in the computation of net periodic pension costs. See “Note 11. Employee Benefit Plans.”
On September 30, 2023, we had an additional $12 million (U.S. dollar equivalents) of letters of credit and bank guarantees issued and outstanding under our 2022 Revolving Credit Facility.
Total assets and liabilities held for sale as of December 31, 2022 are classified as current because we completed the sale of our Textile Effects Business on February 28, 2023.
Amounts are net of tax of $82 million and $55 million as of September 30, 2023 and January 1, 2023, respectively.
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.
Amounts are net of tax of $57 million and $55 million as of September 30, 2023 and January 1, 2023, respectively.
Geographic information for revenues is based upon countries into which product is sold.
As of June 30, 2023, we had approximately $6 million (U.S. dollar equivalents) of letters of credit issued and outstanding under our U.S. A/R Program.
In connection with the sale of our Textile Effects Business, we recognized $67 million of pension settlement losses and $1 million of pension curtailment gains for the six months ended June 30, 2023.
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, which effective July 1, 2023 will be Term SOFR.
Amounts are net of tax of $58 million and $31 million as of September 30, 2023 and January 1, 2023, respectively.
Includes costs associated with transition activities related primarily to our Corporate program to optimize our global approach to leverage shared services capabilities.
Pension and other postretirement benefits amounts in parentheses indicate credits on our condensed consolidated statements of operations.
As of September 30, 2023, a total of 115,685 restricted stock units were vested but not yet issued, of which 9,400 vested during the nine months ended September 30, 2023. 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.
Interest rates on borrowings under the 2022 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 September 30, 2023 was 1.525% above Term SOFR.
Amounts are net of tax of $97 million and $105 million as of September 30, 2022 and January 1, 2022, respectively.
Amounts are net of tax of $44 million and $42 million as of September 30, 2023 and January 1, 2023, respectively.
Amounts include approximately nil and $3 million of actuarial losses and prior service credits related to discontinued operations for the three months ended September 30, 2023 and 2022, respectively. Amounts include approximately $1 million and $8 million of actuarial losses and prior service credits related to discontinued operations for the nine months ended September 30, 2023 and 2022, respectively.
A total of 264,624 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, 2022. During the nine months ended September 30, 2023, an additional 132,314 performance share unit awards with a grant date fair value of $22.85 were issued due to the target performance criteria being exceeded.
At September 30, 2023 and December 31, 2022, respectively, $12 and $5 of cash and cash equivalents, $12 and $4 of accounts and notes receivable (net), $50 and $59 of inventories, $145 and $149 of property, plant and equipment (net), $31 and $29 of other noncurrent assets, $76 and $114 of accounts payable, $13 and $12 of accrued liabilities, $9 each of current portion of debt, $9 each of current operating lease liabilities, $19 and $26 of long-term debt, $20 and $19 of noncurrent operating lease liabilities and $24 and $25 of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 5. Variable Interest Entities.” These assets can only be used to settle obligations of the variable interest entities, and creditors of these liabilities do not have recourse to our general credit.
Amounts are net of tax of $56 million as of both September 30, 2022 and January 1, 2022.
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 and certain Corporate and other
items, 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) certain legal and other
settlements and related expenses; (d) costs associated with the Albemarle Settlement, net; (e) gain (loss) on sale of
business/assets; (f) income from transition services arrangements; (g) certain nonrecurring information technology
project implementation costs; (h) amortization of pension and postretirement actuarial losses; (i) plant incident
remediation credits (j) restructuring, impairment, plant closing and transition costs; and (k) (loss) income from
discontinued operations, net of tax.
12
5
12
4
50
59
145
149
31
29
13
12
9
9
9
9
19
26
20
19
24
25
12
5
12
4
50
59
145
149
31
29
13
12
9
9
9
9
19
26
20
19
24
25
23
27
3
23
27
00013079542023-01-012023-09-30
xbrli:shares
00013079542023-10-18
iso4217:USD
00013079542023-09-30
00013079542022-12-31
0001307954us-gaap:AssetPledgedAsCollateralMember2023-09-30
0001307954us-gaap:AssetPledgedAsCollateralMember2022-12-31
0001307954us-gaap:NonrelatedPartyMember2023-09-30
0001307954us-gaap:NonrelatedPartyMember2022-12-31
0001307954us-gaap:RelatedPartyMember2023-09-30
0001307954us-gaap:RelatedPartyMember2022-12-31
iso4217:USDxbrli:shares
0001307954hun:ThirdPartyCustomersMember2023-07-012023-09-30
0001307954hun:ThirdPartyCustomersMember2022-07-012022-09-30
0001307954hun:ThirdPartyCustomersMember2023-01-012023-09-30
0001307954hun:ThirdPartyCustomersMember2022-01-012022-09-30
0001307954hun:RelatedPartyCustomersMember2023-07-012023-09-30
0001307954hun:RelatedPartyCustomersMember2022-07-012022-09-30
0001307954hun:RelatedPartyCustomersMember2023-01-012023-09-30
0001307954hun:RelatedPartyCustomersMember2022-01-012022-09-30
00013079542023-07-012023-09-30
00013079542022-07-012022-09-30
00013079542022-01-012022-09-30
0001307954hun:CommonStockOutstandingMember2022-12-31
0001307954us-gaap:AdditionalPaidInCapitalMember2022-12-31
0001307954us-gaap:TreasuryStockCommonMember2022-12-31
0001307954us-gaap:DeferredCompensationShareBasedPaymentsMember2022-12-31
0001307954us-gaap:RetainedEarningsMember2022-12-31
0001307954us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-12-31
0001307954us-gaap:NoncontrollingInterestMember2022-12-31
0001307954hun:CommonStockOutstandingMember2023-01-012023-03-31
0001307954us-gaap:AdditionalPaidInCapitalMember2023-01-012023-03-31
0001307954us-gaap:TreasuryStockCommonMember2023-01-012023-03-31
0001307954us-gaap:DeferredCompensationShareBasedPaymentsMember2023-01-012023-03-31
0001307954us-gaap:RetainedEarningsMember2023-01-012023-03-31
0001307954us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-01-012023-03-31
0001307954us-gaap:NoncontrollingInterestMember2023-01-012023-03-31
00013079542023-01-012023-03-31
0001307954hun:CommonStockOutstandingMember2023-03-31
0001307954us-gaap:AdditionalPaidInCapitalMember2023-03-31
0001307954us-gaap:TreasuryStockCommonMember2023-03-31
0001307954us-gaap:DeferredCompensationShareBasedPaymentsMember2023-03-31
0001307954us-gaap:RetainedEarningsMember2023-03-31
0001307954us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-03-31
0001307954us-gaap:NoncontrollingInterestMember2023-03-31
00013079542023-03-31
0001307954hun:CommonStockOutstandingMember2023-04-012023-06-30
0001307954us-gaap:AdditionalPaidInCapitalMember2023-04-012023-06-30
0001307954us-gaap:TreasuryStockCommonMember2023-04-012023-06-30
0001307954us-gaap:DeferredCompensationShareBasedPaymentsMember2023-04-012023-06-30
0001307954us-gaap:RetainedEarningsMember2023-04-012023-06-30
0001307954us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-04-012023-06-30
0001307954us-gaap:NoncontrollingInterestMember2023-04-012023-06-30
00013079542023-04-012023-06-30
0001307954hun:CommonStockOutstandingMember2023-06-30
0001307954us-gaap:AdditionalPaidInCapitalMember2023-06-30
0001307954us-gaap:TreasuryStockCommonMember2023-06-30
0001307954us-gaap:DeferredCompensationShareBasedPaymentsMember2023-06-30
0001307954us-gaap:RetainedEarningsMember2023-06-30
0001307954us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-06-30
0001307954us-gaap:NoncontrollingInterestMember2023-06-30
00013079542023-06-30
0001307954hun:CommonStockOutstandingMember2023-07-012023-09-30
0001307954us-gaap:AdditionalPaidInCapitalMember2023-07-012023-09-30
0001307954us-gaap:TreasuryStockCommonMember2023-07-012023-09-30
0001307954us-gaap:DeferredCompensationShareBasedPaymentsMember2023-07-012023-09-30
0001307954us-gaap:RetainedEarningsMember2023-07-012023-09-30
0001307954us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-07-012023-09-30
0001307954us-gaap:NoncontrollingInterestMember2023-07-012023-09-30
0001307954hun:CommonStockOutstandingMember2023-09-30
0001307954us-gaap:AdditionalPaidInCapitalMember2023-09-30
0001307954us-gaap:TreasuryStockCommonMember2023-09-30
0001307954us-gaap:DeferredCompensationShareBasedPaymentsMember2023-09-30
0001307954us-gaap:RetainedEarningsMember2023-09-30
0001307954us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-09-30
0001307954us-gaap:NoncontrollingInterestMember2023-09-30
0001307954hun:CommonStockOutstandingMember2021-12-31
0001307954us-gaap:AdditionalPaidInCapitalMember2021-12-31
0001307954us-gaap:TreasuryStockCommonMember2021-12-31
0001307954us-gaap:DeferredCompensationShareBasedPaymentsMember2021-12-31
0001307954us-gaap:RetainedEarningsMember2021-12-31
0001307954us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-12-31
0001307954us-gaap:NoncontrollingInterestMember2021-12-31
00013079542021-12-31
0001307954hun:CommonStockOutstandingMember2022-01-012022-03-31
0001307954us-gaap:AdditionalPaidInCapitalMember2022-01-012022-03-31
0001307954us-gaap:TreasuryStockCommonMember2022-01-012022-03-31
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:CommonStockOutstandingMember2022-03-31
0001307954us-gaap:AdditionalPaidInCapitalMember2022-03-31
0001307954us-gaap:TreasuryStockCommonMember2022-03-31
0001307954us-gaap:DeferredCompensationShareBasedPaymentsMember2022-03-31
0001307954us-gaap:RetainedEarningsMember2022-03-31
0001307954us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-03-31
0001307954us-gaap:NoncontrollingInterestMember2022-03-31
00013079542022-03-31
0001307954hun:CommonStockOutstandingMember2022-04-012022-06-30
0001307954us-gaap:AdditionalPaidInCapitalMember2022-04-012022-06-30
0001307954us-gaap:TreasuryStockCommonMember2022-04-012022-06-30
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
00013079542022-04-012022-06-30
0001307954hun:CommonStockOutstandingMember2022-06-30
0001307954us-gaap:AdditionalPaidInCapitalMember2022-06-30
0001307954us-gaap:TreasuryStockCommonMember2022-06-30
0001307954us-gaap:DeferredCompensationShareBasedPaymentsMember2022-06-30
0001307954us-gaap:RetainedEarningsMember2022-06-30
0001307954us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-06-30
0001307954us-gaap:NoncontrollingInterestMember2022-06-30
00013079542022-06-30
0001307954hun:CommonStockOutstandingMember2022-07-012022-09-30
0001307954us-gaap:AdditionalPaidInCapitalMember2022-07-012022-09-30
0001307954us-gaap:TreasuryStockCommonMember2022-07-012022-09-30
0001307954us-gaap:DeferredCompensationShareBasedPaymentsMember2022-07-012022-09-30
0001307954us-gaap:RetainedEarningsMember2022-07-012022-09-30
0001307954us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-07-012022-09-30
0001307954us-gaap:NoncontrollingInterestMember2022-07-012022-09-30
0001307954hun:CommonStockOutstandingMember2022-09-30
0001307954us-gaap:AdditionalPaidInCapitalMember2022-09-30
0001307954us-gaap:TreasuryStockCommonMember2022-09-30
0001307954us-gaap:DeferredCompensationShareBasedPaymentsMember2022-09-30
0001307954us-gaap:RetainedEarningsMember2022-09-30
0001307954us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-09-30
0001307954us-gaap:NoncontrollingInterestMember2022-09-30
00013079542022-09-30
0001307954hun:HuntsmanInternationalLLCMember2023-09-30
0001307954hun:HuntsmanInternationalLLCMember2022-12-31
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AssetPledgedAsCollateralMember2023-09-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AssetPledgedAsCollateralMember2022-12-31
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:RelatedPartyMember2023-09-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:RelatedPartyMember2022-12-31
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:NonrelatedPartyMember2023-09-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:NonrelatedPartyMember2022-12-31
0001307954hun:HuntsmanInternationalLLCMemberhun:ThirdPartyCustomersMember2023-07-012023-09-30
0001307954hun:HuntsmanInternationalLLCMemberhun:ThirdPartyCustomersMember2022-07-012022-09-30
0001307954hun:HuntsmanInternationalLLCMemberhun:ThirdPartyCustomersMember2023-01-012023-09-30
0001307954hun:HuntsmanInternationalLLCMemberhun:ThirdPartyCustomersMember2022-01-012022-09-30
0001307954hun:HuntsmanInternationalLLCMemberhun:RelatedPartyCustomersMember2023-07-012023-09-30
0001307954hun:HuntsmanInternationalLLCMemberhun:RelatedPartyCustomersMember2022-07-012022-09-30
0001307954hun:HuntsmanInternationalLLCMemberhun:RelatedPartyCustomersMember2023-01-012023-09-30
0001307954hun:HuntsmanInternationalLLCMemberhun:RelatedPartyCustomersMember2022-01-012022-09-30
0001307954hun:HuntsmanInternationalLLCMember2023-07-012023-09-30
0001307954hun:HuntsmanInternationalLLCMember2022-07-012022-09-30
0001307954hun:HuntsmanInternationalLLCMember2023-01-012023-09-30
0001307954hun:HuntsmanInternationalLLCMember2022-01-012022-09-30
0001307954hun:HuntsmanInternationalLLCMemberhun:CommonStockOutstandingMember2022-12-31
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:RetainedEarningsMember2022-12-31
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2022-12-31
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:NoncontrollingInterestMember2022-12-31
0001307954hun:HuntsmanInternationalLLCMemberhun:CommonStockOutstandingMember2023-01-012023-03-31
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:RetainedEarningsMember2023-01-012023-03-31
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2023-01-012023-03-31
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:NoncontrollingInterestMember2023-01-012023-03-31
0001307954hun:HuntsmanInternationalLLCMember2023-01-012023-03-31
0001307954hun:HuntsmanInternationalLLCMemberhun:CommonStockOutstandingMember2023-03-31
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:RetainedEarningsMember2023-03-31
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2023-03-31
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:NoncontrollingInterestMember2023-03-31
0001307954hun:HuntsmanInternationalLLCMember2023-03-31
0001307954hun:HuntsmanInternationalLLCMemberhun:CommonStockOutstandingMember2023-04-012023-06-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:RetainedEarningsMember2023-04-012023-06-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2023-04-012023-06-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:NoncontrollingInterestMember2023-04-012023-06-30
0001307954hun:HuntsmanInternationalLLCMember2023-04-012023-06-30
0001307954hun:HuntsmanInternationalLLCMemberhun:CommonStockOutstandingMember2023-06-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:RetainedEarningsMember2023-06-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2023-06-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:NoncontrollingInterestMember2023-06-30
0001307954hun:HuntsmanInternationalLLCMember2023-06-30
0001307954hun:HuntsmanInternationalLLCMemberhun:CommonStockOutstandingMember2023-07-012023-09-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:RetainedEarningsMember2023-07-012023-09-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2023-07-012023-09-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:NoncontrollingInterestMember2023-07-012023-09-30
0001307954hun:HuntsmanInternationalLLCMemberhun:CommonStockOutstandingMember2023-09-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:RetainedEarningsMember2023-09-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2023-09-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:NoncontrollingInterestMember2023-09-30
0001307954hun:HuntsmanInternationalLLCMemberhun:CommonStockOutstandingMember2021-12-31
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:RetainedEarningsMember2021-12-31
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2021-12-31
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:NoncontrollingInterestMember2021-12-31
0001307954hun:HuntsmanInternationalLLCMember2021-12-31
0001307954hun:HuntsmanInternationalLLCMemberhun:CommonStockOutstandingMember2022-01-012022-03-31
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:HuntsmanInternationalLLCMemberhun:CommonStockOutstandingMember2022-03-31
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:RetainedEarningsMember2022-03-31
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2022-03-31
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:NoncontrollingInterestMember2022-03-31
0001307954hun:HuntsmanInternationalLLCMember2022-03-31
0001307954hun:HuntsmanInternationalLLCMemberhun:CommonStockOutstandingMember2022-04-012022-06-30
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:HuntsmanInternationalLLCMember2022-04-012022-06-30
0001307954hun:HuntsmanInternationalLLCMemberhun:CommonStockOutstandingMember2022-06-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:RetainedEarningsMember2022-06-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2022-06-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:NoncontrollingInterestMember2022-06-30
0001307954hun:HuntsmanInternationalLLCMember2022-06-30
0001307954hun:HuntsmanInternationalLLCMemberhun:CommonStockOutstandingMember2022-07-012022-09-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:RetainedEarningsMember2022-07-012022-09-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2022-07-012022-09-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:NoncontrollingInterestMember2022-07-012022-09-30
0001307954hun:HuntsmanInternationalLLCMemberhun:CommonStockOutstandingMember2022-09-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:RetainedEarningsMember2022-09-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2022-09-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:NoncontrollingInterestMember2022-09-30
0001307954hun:HuntsmanInternationalLLCMember2022-09-30
xbrli:pure
0001307954us-gaap:DiscontinuedOperationsHeldForSaleOrDisposedOfBySaleMemberhun:TextileEffectsMember2023-02-28
0001307954us-gaap:DiscontinuedOperationsHeldForSaleOrDisposedOfBySaleMemberhun:TextileEffectsMember2023-02-282023-02-28
0001307954us-gaap:DiscontinuedOperationsHeldForSaleOrDisposedOfBySaleMemberhun:TextileEffectsMemberhun:ScenarioPlanEstimatedReimbursementMember2023-02-28
0001307954us-gaap:DiscontinuedOperationsHeldForSaleOrDisposedOfBySaleMemberhun:TextileEffectsMember2023-01-012023-09-30
0001307954us-gaap:DiscontinuedOperationsHeldforsaleMemberhun:TextileEffectsMember2022-12-31
0001307954us-gaap:DiscontinuedOperationsHeldForSaleOrDisposedOfBySaleMemberhun:TextileEffectsMember2023-07-012023-09-30
0001307954us-gaap:DiscontinuedOperationsHeldForSaleOrDisposedOfBySaleMemberhun:TextileEffectsMember2022-07-012022-09-30
0001307954us-gaap:DiscontinuedOperationsHeldForSaleOrDisposedOfBySaleMemberhun:TextileEffectsMember2022-01-012022-09-30
0001307954hun:RubiconLlcMember2023-01-012023-09-30
0001307954hun:ArabianAminesCompanyMember2023-01-012023-09-30
0001307954us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2023-09-30
0001307954us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2022-12-31
0001307954us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2023-07-012023-09-30
0001307954us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2022-07-012022-09-30
0001307954us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2023-01-012023-09-30
0001307954us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2022-01-012022-09-30
0001307954us-gaap:EmployeeSeveranceMember2022-12-31
0001307954us-gaap:OtherRestructuringMember2022-12-31
0001307954us-gaap:EmployeeSeveranceMember2023-01-012023-09-30
0001307954us-gaap:OtherRestructuringMember2023-01-012023-09-30
0001307954us-gaap:EmployeeSeveranceMember2023-09-30
0001307954us-gaap:OtherRestructuringMember2023-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMember2022-12-31
0001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMember2022-12-31
0001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMember2022-12-31
0001307954hun:CorporateAndReconcilingItemsMember2022-12-31
0001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMember2023-01-012023-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMember2023-01-012023-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMember2023-01-012023-09-30
0001307954hun:CorporateAndReconcilingItemsMember2023-01-012023-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMember2023-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMember2023-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMember2023-09-30
0001307954hun:CorporateAndReconcilingItemsMember2023-09-30
0001307954hun:RestructuringProgramToRealignCostStructureMember2023-01-012023-09-30
0001307954hun:RestructuringProgramToRealignCostStructureMember2023-09-30
0001307954us-gaap:CorporateNonSegmentMemberus-gaap:EmployeeSeveranceMemberhun:ProgramToOptimizeGlobalApproachToLeveragingSharedServicesCapabilitiesMember2023-07-012023-09-30
0001307954us-gaap:CorporateNonSegmentMemberus-gaap:EmployeeSeveranceMemberhun:ProgramToOptimizeGlobalApproachToLeveragingSharedServicesCapabilitiesMember2022-01-012022-09-30
0001307954us-gaap:CorporateNonSegmentMemberus-gaap:EmployeeSeveranceMemberhun:ProgramToOptimizeGlobalApproachToLeveragingSharedServicesCapabilitiesMember2023-09-30
0001307954us-gaap:EmployeeSeveranceMemberhun:PolyurethanesMember2023-01-012023-09-30
0001307954us-gaap:EmployeeSeveranceMemberhun:PolyurethanesMember2022-01-012022-09-30
0001307954us-gaap:EmployeeSeveranceMemberhun:PolyurethanesMember2023-09-30
0001307954hun:SiteClosureMemberhun:AdvancedMaterialsMember2023-01-012023-09-30
0001307954hun:SiteClosureMemberhun:AdvancedMaterialsMember2022-01-012022-09-30
0001307954hun:SiteClosureMemberhun:AdvancedMaterialsMember2023-09-30
0001307954us-gaap:EmployeeSeveranceMemberhun:ProgramToOptimizeGlobalApproachesToLeveragingManagedServicesInVariousInformationTechnologyFunctionsMember2022-07-012022-09-30
0001307954hun:TheRevolvingCreditFacilityMember2023-09-30
0001307954hun:TheRevolvingCreditFacilityMember2022-12-31
0001307954hun:AccountsReceivableProgramsMember2023-09-30
0001307954hun:AccountsReceivableProgramsMember2022-12-31
0001307954hun:TheSeniorNotesMember2023-09-30
0001307954hun:TheSeniorNotesMember2022-12-31
0001307954hun:VariableInterestEntitiesDebtMember2023-09-30
0001307954hun:VariableInterestEntitiesDebtMember2022-12-31
0001307954hun:OtherDebtInstrumentsMember2023-09-30
0001307954hun:OtherDebtInstrumentsMember2022-12-31
0001307954hun:TheRevolvingCreditFacilityMemberhun:HuntsmanInternationalLLCMember2022-05-20
0001307954hun:TheRevolvingCreditFacilityMemberhun:HuntsmanInternationalLLCMember2022-05-202022-05-20
0001307954hun:TheRevolvingCreditFacilityMemberhun:HuntsmanInternationalLLCMember2023-09-30
0001307954hun:TheRevolvingCreditFacilityMemberhun:HuntsmanInternationalLLCMemberhun:SecuredOvernightFinancingRateSOFRMember2023-01-012023-09-30
0001307954hun:TheRevolvingCreditFacilityMemberhun:HuntsmanInternationalLLCMemberus-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember2023-01-012023-09-30
thunderdome:item
0001307954hun:USARProgramMember2023-01-012023-09-30
0001307954hun:USARProgramMember2023-09-30
0001307954hun:USARProgramMemberhun:LIBORLondonInterbankOfferedRateMember2023-01-012023-09-30
0001307954hun:EUARProgramMember2023-01-012023-09-30
iso4217:EUR
0001307954hun:EUARProgramMember2023-09-30
0001307954hun:EUARProgramMemberhun:USDLIBOREURIBOROrSONIAMember2023-01-012023-09-30
0001307954hun:AccountsReceivableProgramsMemberhun:HuntsmanInternationalLLCMember2023-09-30
0001307954hun:AccountsReceivableProgramsMemberhun:HuntsmanInternationalLLCMemberus-gaap:AssetPledgedAsCollateralMember2023-09-30
0001307954hun:AccountsReceivableProgramsMemberhun:HuntsmanInternationalLLCMemberus-gaap:AssetPledgedAsCollateralMember2022-12-31
0001307954hun:SeniorNotesMaturingApril2025Memberhun:HuntsmanInternationalLLCMember2023-09-30
0001307954hun:SeniorNotesMaturingFebruary2029Memberhun:HuntsmanInternationalLLCMember2023-09-30
0001307954hun:SeniorNotesMaturingJune2031Memberhun:HuntsmanInternationalLLCMember2023-09-30
0001307954hun:ArabianAminesCompanyMember2023-09-30
utr:M
0001307954us-gaap:ForeignExchangeContractMember2023-01-012023-09-30
0001307954us-gaap:ForeignExchangeContractMember2023-09-30
0001307954us-gaap:ForeignExchangeContractMemberus-gaap:NondesignatedMember2023-09-30
0001307954us-gaap:ForeignExchangeContractMemberus-gaap:NondesignatedMember2023-01-012023-09-30
0001307954us-gaap:ForeignExchangeContractMemberus-gaap:NondesignatedMember2022-01-012022-09-30
0001307954us-gaap:CarryingReportedAmountFairValueDisclosureMember2023-09-30
0001307954us-gaap:EstimateOfFairValueFairValueDisclosureMember2023-09-30
0001307954us-gaap:CarryingReportedAmountFairValueDisclosureMember2022-12-31
0001307954us-gaap:EstimateOfFairValueFairValueDisclosureMember2022-12-31
0001307954hun:VenatorMaterialsPLCMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2023-09-30
0001307954hun:VenatorMaterialsPLCMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-09-30
0001307954hun:VenatorMaterialsPLCMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2022-12-31
0001307954hun:VenatorMaterialsPLCMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-12-31
0001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMemberhun:USAndCanadaMember2023-07-012023-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMemberhun:USAndCanadaMember2023-07-012023-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMemberhun:USAndCanadaMember2023-07-012023-09-30
0001307954hun:CorporateAndReconcilingItemsMemberhun:USAndCanadaMember2023-07-012023-09-30
0001307954hun:USAndCanadaMember2023-07-012023-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMembersrt:EuropeMember2023-07-012023-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMembersrt:EuropeMember2023-07-012023-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMembersrt:EuropeMember2023-07-012023-09-30
0001307954hun:CorporateAndReconcilingItemsMembersrt:EuropeMember2023-07-012023-09-30
0001307954srt:EuropeMember2023-07-012023-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMembersrt:AsiaPacificMember2023-07-012023-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMembersrt:AsiaPacificMember2023-07-012023-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMembersrt:AsiaPacificMember2023-07-012023-09-30
0001307954hun:CorporateAndReconcilingItemsMembersrt:AsiaPacificMember2023-07-012023-09-30
0001307954srt:AsiaPacificMember2023-07-012023-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMemberhun:RestOfWorldMember2023-07-012023-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMemberhun:RestOfWorldMember2023-07-012023-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMemberhun:RestOfWorldMember2023-07-012023-09-30
0001307954hun:CorporateAndReconcilingItemsMemberhun:RestOfWorldMember2023-07-012023-09-30
0001307954hun:RestOfWorldMember2023-07-012023-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMember2023-07-012023-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMember2023-07-012023-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMember2023-07-012023-09-30
0001307954hun:CorporateAndReconcilingItemsMember2023-07-012023-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:MDIUrethanesMemberhun:PolyurethanesMember2023-07-012023-09-30
0001307954hun:MDIUrethanesMember2023-07-012023-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:DifferentiatedMemberhun:PerformanceProductsMember2023-07-012023-09-30
0001307954hun:DifferentiatedMember2023-07-012023-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:SpecialtyMemberhun:AdvancedMaterialsMember2023-07-012023-09-30
0001307954hun:SpecialtyMember2023-07-012023-09-30
0001307954us-gaap:OperatingSegmentsMemberus-gaap:ProductAndServiceOtherMemberhun:AdvancedMaterialsMember2023-07-012023-09-30
0001307954us-gaap:ProductAndServiceOtherMember2023-07-012023-09-30
0001307954hun:CorporateAndReconcilingItemsMemberhun:EliminationMember2023-07-012023-09-30
0001307954hun:EliminationMember2023-07-012023-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMemberhun:USAndCanadaMember2022-07-012022-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMemberhun:USAndCanadaMember2022-07-012022-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMemberhun:USAndCanadaMember2022-07-012022-09-30
0001307954hun:CorporateAndReconcilingItemsMemberhun:USAndCanadaMember2022-07-012022-09-30
0001307954hun:USAndCanadaMember2022-07-012022-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMembersrt:EuropeMember2022-07-012022-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMembersrt:EuropeMember2022-07-012022-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMembersrt:EuropeMember2022-07-012022-09-30
0001307954hun:CorporateAndReconcilingItemsMembersrt:EuropeMember2022-07-012022-09-30
0001307954srt:EuropeMember2022-07-012022-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMembersrt:AsiaPacificMember2022-07-012022-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMembersrt:AsiaPacificMember2022-07-012022-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMembersrt:AsiaPacificMember2022-07-012022-09-30
0001307954hun:CorporateAndReconcilingItemsMembersrt:AsiaPacificMember2022-07-012022-09-30
0001307954srt:AsiaPacificMember2022-07-012022-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMemberhun:RestOfWorldMember2022-07-012022-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMemberhun:RestOfWorldMember2022-07-012022-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMemberhun:RestOfWorldMember2022-07-012022-09-30
0001307954hun:CorporateAndReconcilingItemsMemberhun:RestOfWorldMember2022-07-012022-09-30
0001307954hun:RestOfWorldMember2022-07-012022-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMember2022-07-012022-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMember2022-07-012022-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMember2022-07-012022-09-30
0001307954hun:CorporateAndReconcilingItemsMember2022-07-012022-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:MDIUrethanesMemberhun:PolyurethanesMember2022-07-012022-09-30
0001307954hun:MDIUrethanesMember2022-07-012022-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:DifferentiatedMemberhun:PerformanceProductsMember2022-07-012022-09-30
0001307954hun:DifferentiatedMember2022-07-012022-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:SpecialtyMemberhun:AdvancedMaterialsMember2022-07-012022-09-30
0001307954hun:SpecialtyMember2022-07-012022-09-30
0001307954us-gaap:OperatingSegmentsMemberus-gaap:ProductAndServiceOtherMemberhun:AdvancedMaterialsMember2022-07-012022-09-30
0001307954us-gaap:ProductAndServiceOtherMember2022-07-012022-09-30
0001307954hun:CorporateAndReconcilingItemsMemberhun:EliminationMember2022-07-012022-09-30
0001307954hun:EliminationMember2022-07-012022-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMemberhun:USAndCanadaMember2023-01-012023-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMemberhun:USAndCanadaMember2023-01-012023-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMemberhun:USAndCanadaMember2023-01-012023-09-30
0001307954hun:CorporateAndReconcilingItemsMemberhun:USAndCanadaMember2023-01-012023-09-30
0001307954hun:USAndCanadaMember2023-01-012023-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMembersrt:EuropeMember2023-01-012023-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMembersrt:EuropeMember2023-01-012023-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMembersrt:EuropeMember2023-01-012023-09-30
0001307954hun:CorporateAndReconcilingItemsMembersrt:EuropeMember2023-01-012023-09-30
0001307954srt:EuropeMember2023-01-012023-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMembersrt:AsiaPacificMember2023-01-012023-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMembersrt:AsiaPacificMember2023-01-012023-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMembersrt:AsiaPacificMember2023-01-012023-09-30
0001307954hun:CorporateAndReconcilingItemsMembersrt:AsiaPacificMember2023-01-012023-09-30
0001307954srt:AsiaPacificMember2023-01-012023-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMemberhun:RestOfWorldMember2023-01-012023-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMemberhun:RestOfWorldMember2023-01-012023-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMemberhun:RestOfWorldMember2023-01-012023-09-30
0001307954hun:CorporateAndReconcilingItemsMemberhun:RestOfWorldMember2023-01-012023-09-30
0001307954hun:RestOfWorldMember2023-01-012023-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:MDIUrethanesMemberhun:PolyurethanesMember2023-01-012023-09-30
0001307954hun:MDIUrethanesMember2023-01-012023-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:DifferentiatedMemberhun:PerformanceProductsMember2023-01-012023-09-30
0001307954hun:DifferentiatedMember2023-01-012023-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:SpecialtyMemberhun:AdvancedMaterialsMember2023-01-012023-09-30
0001307954hun:SpecialtyMember2023-01-012023-09-30
0001307954us-gaap:OperatingSegmentsMemberus-gaap:ProductAndServiceOtherMemberhun:AdvancedMaterialsMember2023-01-012023-09-30
0001307954us-gaap:ProductAndServiceOtherMember2023-01-012023-09-30
0001307954hun:CorporateAndReconcilingItemsMemberhun:EliminationMember2023-01-012023-09-30
0001307954hun:EliminationMember2023-01-012023-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMemberhun:USAndCanadaMember2022-01-012022-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMemberhun:USAndCanadaMember2022-01-012022-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMemberhun:USAndCanadaMember2022-01-012022-09-30
0001307954hun:CorporateAndReconcilingItemsMemberhun:USAndCanadaMember2022-01-012022-09-30
0001307954hun:USAndCanadaMember2022-01-012022-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMembersrt:EuropeMember2022-01-012022-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMembersrt:EuropeMember2022-01-012022-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMembersrt:EuropeMember2022-01-012022-09-30
0001307954hun:CorporateAndReconcilingItemsMembersrt:EuropeMember2022-01-012022-09-30
0001307954srt:EuropeMember2022-01-012022-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMembersrt:AsiaPacificMember2022-01-012022-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMembersrt:AsiaPacificMember2022-01-012022-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMembersrt:AsiaPacificMember2022-01-012022-09-30
0001307954hun:CorporateAndReconcilingItemsMembersrt:AsiaPacificMember2022-01-012022-09-30
0001307954srt:AsiaPacificMember2022-01-012022-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMemberhun:RestOfWorldMember2022-01-012022-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMemberhun:RestOfWorldMember2022-01-012022-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMemberhun:RestOfWorldMember2022-01-012022-09-30
0001307954hun:CorporateAndReconcilingItemsMemberhun:RestOfWorldMember2022-01-012022-09-30
0001307954hun:RestOfWorldMember2022-01-012022-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMember2022-01-012022-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMember2022-01-012022-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMember2022-01-012022-09-30
0001307954hun:CorporateAndReconcilingItemsMember2022-01-012022-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:MDIUrethanesMemberhun:PolyurethanesMember2022-01-012022-09-30
0001307954hun:MDIUrethanesMember2022-01-012022-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:DifferentiatedMemberhun:PerformanceProductsMember2022-01-012022-09-30
0001307954hun:DifferentiatedMember2022-01-012022-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:SpecialtyMemberhun:AdvancedMaterialsMember2022-01-012022-09-30
0001307954hun:SpecialtyMember2022-01-012022-09-30
0001307954us-gaap:OperatingSegmentsMemberus-gaap:ProductAndServiceOtherMemberhun:AdvancedMaterialsMember2022-01-012022-09-30
0001307954us-gaap:ProductAndServiceOtherMember2022-01-012022-09-30
0001307954hun:CorporateAndReconcilingItemsMemberhun:EliminationMember2022-01-012022-09-30
0001307954hun:EliminationMember2022-01-012022-09-30
0001307954hun:DefinedBenefitPlansMember2023-07-012023-09-30
0001307954hun:DefinedBenefitPlansMember2022-07-012022-09-30
0001307954us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2023-07-012023-09-30
0001307954us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2022-07-012022-09-30
0001307954hun:DefinedBenefitPlansMember2023-01-012023-09-30
0001307954hun:DefinedBenefitPlansMember2022-01-012022-09-30
0001307954us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2023-01-012023-09-30
0001307954us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2022-01-012022-09-30
0001307954hun:HuntsmanInternationalLLCMemberhun:DefinedBenefitPlansMember2023-07-012023-09-30
0001307954hun:HuntsmanInternationalLLCMemberhun:DefinedBenefitPlansMember2022-07-012022-09-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2023-07-012023-09-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2022-07-012022-09-30
0001307954hun:HuntsmanInternationalLLCMemberhun:DefinedBenefitPlansMember2023-01-012023-09-30
0001307954hun:HuntsmanInternationalLLCMemberhun:DefinedBenefitPlansMember2022-01-012022-09-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2023-01-012023-09-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2022-01-012022-09-30
0001307954hun:ShareRepurchaseProgram2021Member2021-10-26
0001307954hun:ShareRepurchaseProgram2021Member2022-03-25
0001307954us-gaap:SubsequentEventMember2023-10-012023-10-18
0001307954us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2022-12-31
0001307954us-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2022-12-31
0001307954hun:AccumulatedOtherComprehensiveIncomeLossUnconsolidatedAffiliatesIncludingPortionAttributableToNoncontrollingInterestMember2022-12-31
0001307954hun:AccumulatedOtherComprehensiveIncomeOtherNetIncludingPortionAttributableToNoncontrollingInterestMember2022-12-31
0001307954us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2022-12-31
0001307954us-gaap:AociAttributableToNoncontrollingInterestMember2022-12-31
0001307954us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2023-01-012023-09-30
0001307954us-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2023-01-012023-09-30
0001307954hun:AccumulatedOtherComprehensiveIncomeLossUnconsolidatedAffiliatesIncludingPortionAttributableToNoncontrollingInterestMember2023-01-012023-09-30
0001307954hun:AccumulatedOtherComprehensiveIncomeOtherNetIncludingPortionAttributableToNoncontrollingInterestMember2023-01-012023-09-30
0001307954us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2023-01-012023-09-30
0001307954us-gaap:AociAttributableToNoncontrollingInterestMember2023-01-012023-09-30
0001307954us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-01-012023-09-30
0001307954us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2023-09-30
0001307954us-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2023-09-30
0001307954hun:AccumulatedOtherComprehensiveIncomeLossUnconsolidatedAffiliatesIncludingPortionAttributableToNoncontrollingInterestMember2023-09-30
0001307954hun:AccumulatedOtherComprehensiveIncomeOtherNetIncludingPortionAttributableToNoncontrollingInterestMember2023-09-30
0001307954us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2023-09-30
0001307954us-gaap:AociAttributableToNoncontrollingInterestMember2023-09-30
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:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2022-01-012022-09-30
0001307954us-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2022-01-012022-09-30
0001307954hun:AccumulatedOtherComprehensiveIncomeLossUnconsolidatedAffiliatesIncludingPortionAttributableToNoncontrollingInterestMember2022-01-012022-09-30
0001307954hun:AccumulatedOtherComprehensiveIncomeOtherNetIncludingPortionAttributableToNoncontrollingInterestMember2022-01-012022-09-30
0001307954us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2022-01-012022-09-30
0001307954us-gaap:AociAttributableToNoncontrollingInterestMember2022-01-012022-09-30
0001307954us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-01-012022-09-30
0001307954us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2022-09-30
0001307954us-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2022-09-30
0001307954hun:AccumulatedOtherComprehensiveIncomeLossUnconsolidatedAffiliatesIncludingPortionAttributableToNoncontrollingInterestMember2022-09-30
0001307954hun:AccumulatedOtherComprehensiveIncomeOtherNetIncludingPortionAttributableToNoncontrollingInterestMember2022-09-30
0001307954us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2022-09-30
0001307954us-gaap:AociAttributableToNoncontrollingInterestMember2022-09-30
0001307954us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceIncludingPortionAttributableToNoncontrollingInterestMember2023-07-012023-09-30
0001307954us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceIncludingPortionAttributableToNoncontrollingInterestMember2022-07-012022-09-30
0001307954hun:AccumulatedDefinedBenefitPlansAdjustmentActuarialGainLossIncludingPortionAttributableToNoncontrollingInterestMember2023-07-012023-09-30
0001307954hun:AccumulatedDefinedBenefitPlansAdjustmentActuarialGainLossIncludingPortionAttributableToNoncontrollingInterestMember2022-07-012022-09-30
0001307954us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceIncludingPortionAttributableToNoncontrollingInterestMember2023-01-012023-09-30
0001307954us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceIncludingPortionAttributableToNoncontrollingInterestMember2022-01-012022-09-30
0001307954hun:AccumulatedDefinedBenefitPlansAdjustmentActuarialGainLossIncludingPortionAttributableToNoncontrollingInterestMember2023-01-012023-09-30
0001307954hun:AccumulatedDefinedBenefitPlansAdjustmentActuarialGainLossIncludingPortionAttributableToNoncontrollingInterestMember2022-01-012022-09-30
0001307954hun:AccumulatedDefinedBenefitPlansAdjustmentCurtailmentGainLossAttributableToNoncontrollingInterestMember2023-01-012023-09-30
0001307954hun:AccumulatedDefinedBenefitPlansAdjustmentCurtailmentGainLossAttributableToNoncontrollingInterestMember2022-01-012022-09-30
0001307954hun:AccumulatedDefinedBenefitPlansAdjustmentSettlementGainLossIncludingPortionAttributableToNoncontrollingInterest1Member2023-01-012023-09-30
0001307954hun:AccumulatedDefinedBenefitPlansAdjustmentSettlementGainLossIncludingPortionAttributableToNoncontrollingInterest1Member2022-01-012022-09-30
0001307954us-gaap:DiscontinuedOperationsHeldForSaleOrDisposedOfBySaleMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberhun:ActuarialGainLossAndPriorServiceCreditsMember2023-07-012023-09-30
0001307954us-gaap:DiscontinuedOperationsHeldForSaleOrDisposedOfBySaleMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberhun:ActuarialGainLossAndPriorServiceCreditsMember2022-07-012022-09-30
0001307954us-gaap:DiscontinuedOperationsHeldForSaleOrDisposedOfBySaleMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberhun:ActuarialGainLossAndPriorServiceCreditsMember2023-01-012023-09-30
0001307954us-gaap:DiscontinuedOperationsHeldForSaleOrDisposedOfBySaleMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberhun:ActuarialGainLossAndPriorServiceCreditsMember2022-01-012022-09-30
0001307954us-gaap:DiscontinuedOperationsHeldForSaleOrDisposedOfBySaleMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberhun:AccumulatedDefinedBenefitPlansAdjustmentSettlementGainLossIncludingPortionAttributableToNoncontrollingInterest1Member2023-01-012023-09-30
0001307954us-gaap:DiscontinuedOperationsHeldForSaleOrDisposedOfBySaleMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberhun:AccumulatedDefinedBenefitPlansAdjustmentCurtailmentGainLossAttributableToNoncontrollingInterestMember2023-01-012023-09-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2022-12-31
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2022-12-31
0001307954hun:HuntsmanInternationalLLCMemberhun:AccumulatedOtherComprehensiveIncomeLossUnconsolidatedAffiliatesIncludingPortionAttributableToNoncontrollingInterestMember2022-12-31
0001307954hun:HuntsmanInternationalLLCMemberhun:AccumulatedOtherComprehensiveIncomeOtherNetIncludingPortionAttributableToNoncontrollingInterestMember2022-12-31
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2022-12-31
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AociAttributableToNoncontrollingInterestMember2022-12-31
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2023-01-012023-09-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2023-01-012023-09-30
0001307954hun:HuntsmanInternationalLLCMemberhun:AccumulatedOtherComprehensiveIncomeLossUnconsolidatedAffiliatesIncludingPortionAttributableToNoncontrollingInterestMember2023-01-012023-09-30
0001307954hun:HuntsmanInternationalLLCMemberhun:AccumulatedOtherComprehensiveIncomeOtherNetIncludingPortionAttributableToNoncontrollingInterestMember2023-01-012023-09-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2023-01-012023-09-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AociAttributableToNoncontrollingInterestMember2023-01-012023-09-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2023-01-012023-09-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2023-09-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2023-09-30
0001307954hun:HuntsmanInternationalLLCMemberhun:AccumulatedOtherComprehensiveIncomeLossUnconsolidatedAffiliatesIncludingPortionAttributableToNoncontrollingInterestMember2023-09-30
0001307954hun:HuntsmanInternationalLLCMemberhun:AccumulatedOtherComprehensiveIncomeOtherNetIncludingPortionAttributableToNoncontrollingInterestMember2023-09-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2023-09-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AociAttributableToNoncontrollingInterestMember2023-09-30
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:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2022-01-012022-09-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2022-01-012022-09-30
0001307954hun:HuntsmanInternationalLLCMemberhun:AccumulatedOtherComprehensiveIncomeLossUnconsolidatedAffiliatesIncludingPortionAttributableToNoncontrollingInterestMember2022-01-012022-09-30
0001307954hun:HuntsmanInternationalLLCMemberhun:AccumulatedOtherComprehensiveIncomeOtherNetIncludingPortionAttributableToNoncontrollingInterestMember2022-01-012022-09-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2022-01-012022-09-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AociAttributableToNoncontrollingInterestMember2022-01-012022-09-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2022-01-012022-09-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2022-09-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2022-09-30
0001307954hun:HuntsmanInternationalLLCMemberhun:AccumulatedOtherComprehensiveIncomeLossUnconsolidatedAffiliatesIncludingPortionAttributableToNoncontrollingInterestMember2022-09-30
0001307954hun:HuntsmanInternationalLLCMemberhun:AccumulatedOtherComprehensiveIncomeOtherNetIncludingPortionAttributableToNoncontrollingInterestMember2022-09-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2022-09-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AociAttributableToNoncontrollingInterestMember2022-09-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceIncludingPortionAttributableToNoncontrollingInterestMember2023-07-012023-09-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceIncludingPortionAttributableToNoncontrollingInterestMember2022-07-012022-09-30
0001307954hun:HuntsmanInternationalLLCMemberhun:AccumulatedDefinedBenefitPlansAdjustmentActuarialGainLossIncludingPortionAttributableToNoncontrollingInterestMember2023-07-012023-09-30
0001307954hun:HuntsmanInternationalLLCMemberhun:AccumulatedDefinedBenefitPlansAdjustmentActuarialGainLossIncludingPortionAttributableToNoncontrollingInterestMember2022-07-012022-09-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceIncludingPortionAttributableToNoncontrollingInterestMember2023-01-012023-09-30
0001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceIncludingPortionAttributableToNoncontrollingInterestMember2022-01-012022-09-30
0001307954hun:HuntsmanInternationalLLCMemberhun:AccumulatedDefinedBenefitPlansAdjustmentActuarialGainLossIncludingPortionAttributableToNoncontrollingInterestMember2023-01-012023-09-30
0001307954hun:HuntsmanInternationalLLCMemberhun:AccumulatedDefinedBenefitPlansAdjustmentActuarialGainLossIncludingPortionAttributableToNoncontrollingInterestMember2022-01-012022-09-30
0001307954hun:HuntsmanInternationalLLCMemberhun:AccumulatedDefinedBenefitPlansAdjustmentCurtailmentGainLossAttributableToNoncontrollingInterestMember2023-01-012023-09-30
0001307954hun:HuntsmanInternationalLLCMemberhun:AccumulatedDefinedBenefitPlansAdjustmentCurtailmentGainLossAttributableToNoncontrollingInterestMember2022-01-012022-09-30
0001307954hun:HuntsmanInternationalLLCMemberhun:AccumulatedDefinedBenefitPlansAdjustmentSettlementGainLossIncludingPortionAttributableToNoncontrollingInterest1Member2023-01-012023-09-30
0001307954hun:HuntsmanInternationalLLCMemberhun:AccumulatedDefinedBenefitPlansAdjustmentSettlementGainLossIncludingPortionAttributableToNoncontrollingInterest1Member2022-01-012022-09-30
0001307954us-gaap:DiscontinuedOperationsHeldForSaleOrDisposedOfBySaleMemberhun:HuntsmanInternationalLLCMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberhun:ActuarialGainLossAndPriorServiceCreditsMember2023-07-012023-09-30
0001307954us-gaap:DiscontinuedOperationsHeldForSaleOrDisposedOfBySaleMemberhun:HuntsmanInternationalLLCMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberhun:ActuarialGainLossAndPriorServiceCreditsMember2022-07-012022-09-30
0001307954us-gaap:DiscontinuedOperationsHeldForSaleOrDisposedOfBySaleMemberhun:HuntsmanInternationalLLCMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberhun:ActuarialGainLossAndPriorServiceCreditsMember2023-01-012023-09-30
0001307954us-gaap:DiscontinuedOperationsHeldForSaleOrDisposedOfBySaleMemberhun:HuntsmanInternationalLLCMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberhun:ActuarialGainLossAndPriorServiceCreditsMember2022-01-012022-09-30
0001307954us-gaap:DiscontinuedOperationsHeldForSaleOrDisposedOfBySaleMemberhun:HuntsmanInternationalLLCMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberhun:AccumulatedDefinedBenefitPlansAdjustmentSettlementGainLossIncludingPortionAttributableToNoncontrollingInterest1Member2023-01-012023-09-30
0001307954us-gaap:DiscontinuedOperationsHeldForSaleOrDisposedOfBySaleMemberhun:HuntsmanInternationalLLCMemberus-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberhun:AccumulatedDefinedBenefitPlansAdjustmentCurtailmentGainLossAttributableToNoncontrollingInterestMember2023-01-012023-09-30
0001307954hun:PraxairlindeMember2022-04-292022-04-29
0001307954hun:PraxairlindeMembersrt:MaximumMember2022-04-292022-04-29
0001307954hun:PraxairlindeMemberhun:PendingAppealMembersrt:MinimumMember2022-04-29
0001307954hun:PraxairlindeMemberhun:PendingAppealMembersrt:MaximumMember2022-04-29
utr:Y
00013079542022-01-012022-12-31
0001307954hun:The2016StockIncentivePlanMember2023-09-30
0001307954us-gaap:EmployeeStockOptionMemberhun:The2016StockIncentivePlanMembersrt:MaximumMember2023-01-012023-09-30
0001307954hun:The2016StockIncentivePlanMember2023-01-012023-09-30
0001307954hun:PerformanceShareUnitType2Memberhun:The2016StockIncentivePlanMember2023-01-012023-09-30
0001307954us-gaap:EmployeeStockOptionMembersrt:MaximumMember2023-09-30
0001307954us-gaap:EmployeeStockOptionMember2023-01-012023-09-30
0001307954hun:PerformanceShareUnitType1Member2023-01-012023-09-30
0001307954hun:PerformanceShareUnitType1Member2022-01-012022-09-30
0001307954hun:PerformanceShareUnitType2Member2022-01-012022-09-30
0001307954hun:PerformanceShareUnitType2Member2023-01-012023-09-30
0001307954hun:EquityAwardsMember2022-12-31
0001307954hun:LiabilityAwardsMember2022-12-31
0001307954hun:EquityAwardsMember2023-01-012023-09-30
0001307954hun:LiabilityAwardsMember2023-01-012023-09-30
0001307954hun:EquityAwardsMember2023-09-30
0001307954hun:LiabilityAwardsMember2023-09-30
0001307954us-gaap:RestrictedStockUnitsRSUMember2023-01-012023-09-30
0001307954us-gaap:PerformanceSharesMember2022-01-012022-12-31
0001307954us-gaap:PerformanceSharesMember2023-01-012023-09-30
0001307954hun:NonvestedSharesMember2023-01-012023-09-30
0001307954hun:NonvestedSharesMember2022-01-012022-09-30
0001307954us-gaap:StockCompensationPlanMember2023-07-012023-09-30
0001307954us-gaap:StockCompensationPlanMember2022-07-012022-09-30
0001307954us-gaap:StockCompensationPlanMember2023-01-012023-09-30
0001307954us-gaap:StockCompensationPlanMember2022-01-012022-09-30
0001307954us-gaap:OperatingSegmentsMember2023-07-012023-09-30
0001307954us-gaap:OperatingSegmentsMember2022-07-012022-09-30
0001307954us-gaap:OperatingSegmentsMember2023-01-012023-09-30
0001307954us-gaap:OperatingSegmentsMember2022-01-012022-09-30
0001307954srt:ConsolidationEliminationsMember2023-07-012023-09-30
0001307954srt:ConsolidationEliminationsMember2022-07-012022-09-30
0001307954srt:ConsolidationEliminationsMember2023-01-012023-09-30
0001307954srt:ConsolidationEliminationsMember2022-01-012022-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:HuntsmanInternationalLLCMemberhun:PolyurethanesMember2023-07-012023-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:HuntsmanInternationalLLCMemberhun:PolyurethanesMember2022-07-012022-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:HuntsmanInternationalLLCMemberhun:PolyurethanesMember2023-01-012023-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:HuntsmanInternationalLLCMemberhun:PolyurethanesMember2022-01-012022-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:HuntsmanInternationalLLCMemberhun:PerformanceProductsMember2023-07-012023-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:HuntsmanInternationalLLCMemberhun:PerformanceProductsMember2022-07-012022-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:HuntsmanInternationalLLCMemberhun:PerformanceProductsMember2023-01-012023-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:HuntsmanInternationalLLCMemberhun:PerformanceProductsMember2022-01-012022-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:HuntsmanInternationalLLCMemberhun:AdvancedMaterialsMember2023-07-012023-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:HuntsmanInternationalLLCMemberhun:AdvancedMaterialsMember2022-07-012022-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:HuntsmanInternationalLLCMemberhun:AdvancedMaterialsMember2023-01-012023-09-30
0001307954us-gaap:OperatingSegmentsMemberhun:HuntsmanInternationalLLCMemberhun:AdvancedMaterialsMember2022-01-012022-09-30
0001307954us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberhun:HuntsmanInternationalLLCMember2023-09-30
0001307954us-gaap:VariableInterestEntityPrimaryBeneficiaryMemberhun:HuntsmanInternationalLLCMember2022-12-31
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 September 30, 2023 |
|
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 October 18, 2023, 174,287,403 shares of common stock of Huntsman Corporation were outstanding and 2,728 units of membership interest of Huntsman International LLC were outstanding. There is no trading market for Huntsman International LLC’s units of membership interest. All of Huntsman International LLC’s units of membership interest 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 September 30, 2023
TABLE OF CONTENTS
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; 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, 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, 2022.
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)
| | September 30, | | | December 31, | |
| | 2023 | | | 2022 | |
ASSETS | | | | | | | | |
Current assets: | | | | | | | | |
Cash and cash equivalents(a) | | $ | 496 | | | $ | 654 | |
Accounts and notes receivable (net of allowance for doubtful accounts of $11 and $14, respectively), ($282 and $272 pledged as collateral, respectively)(a) | | | 822 | | | | 813 | |
Accounts receivable from affiliates | | | 5 | | | | 21 | |
Inventories(a) | | | 941 | | | | 995 | |
Other current assets | | | 130 | | | | 190 | |
Current assets held for sale | | | — | | | | 472 | |
Total current assets | | | 2,394 | | | | 3,145 | |
Property, plant and equipment, net(a) | | | 2,313 | | | | 2,377 | |
Investment in unconsolidated affiliates | | | 450 | | | | 425 | |
Intangible assets, net | | | 395 | | | | 425 | |
Goodwill | | | 639 | | | | 641 | |
Deferred income taxes | | | 126 | | | | 147 | |
Operating lease right-of-use assets | | | 359 | | | | 374 | |
Other noncurrent assets(a) | | | 693 | | | | 686 | |
Total assets | | $ | 7,369 | | | $ | 8,220 | |
| | | | | | | | |
LIABILITIES AND EQUITY | | | | | | | | |
Current liabilities: | | | | | | | | |
Accounts payable(a) | | $ | 684 | | | $ | 907 | |
Accounts payable to affiliates | | | 42 | | | | 54 | |
Accrued liabilities(a) | | | 386 | | | | 429 | |
Current portion of debt(a) | | | 113 | | | | 66 | |
Current operating lease liabilities(a) | | | 46 | | | | 51 | |
Current liabilities held for sale | | | — | | | | 194 | |
Total current liabilities | | | 1,271 | | | | 1,701 | |
Long-term debt(a) | | | 1,493 | | | | 1,671 | |
Deferred income taxes | | | 255 | | | | 250 | |
Noncurrent operating lease liabilities(a) | | | 329 | | | | 336 | |
Other noncurrent liabilities(a) | | | 367 | | | | 422 | |
Total liabilities | | | 3,715 | | | | 4,380 | |
Commitments and contingencies (Notes 14 and 15) | | | | | | | | |
Equity | | | | | | | | |
Huntsman Corporation stockholders’ equity: | | | | | | | | |
Common stock $0.01 par value, 1,200,000,000 shares authorized, 262,141,647 and 261,148,217 shares issued and 173,608,016 and 183,634,464 shares outstanding, respectively | | | 3 | | | | 3 | |
Additional paid-in capital | | | 4,201 | | | | 4,156 | |
Treasury stock, 88,533,631 and 77,513,753 shares, respectively | | | (2,239 | ) | | | (1,937 | ) |
Unearned stock-based compensation | | | (47 | ) | | | (35 | ) |
Retained earnings | | | 2,736 | | | | 2,705 | |
Accumulated other comprehensive loss | | | (1,225 | ) | | | (1,268 | ) |
Total Huntsman Corporation stockholders’ equity | | | 3,429 | | | | 3,624 | |
Noncontrolling interests in subsidiaries | | | 225 | | | | 216 | |
Total equity | | | 3,654 | | | | 3,840 | |
Total liabilities and equity | | $ | 7,369 | | | $ | 8,220 | |
(a) |
At September 30, 2023 and December 31, 2022, respectively, $12 and $5 of cash and cash equivalents, $12 and $4 of accounts and notes receivable (net), $50 and $59 of inventories, $145 and $149 of property, plant and equipment (net), $31 and $29 of other noncurrent assets, $76 and $114 of accounts payable, $13 and $12 of accrued liabilities, $9 each of current portion of debt, $9 each of current operating lease liabilities, $19 and $26 of long-term debt, $20 and $19 of noncurrent operating lease liabilities and $24 and $25 of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 5. Variable Interest Entities.” These assets can only be used to settle obligations of the variable interest entities, and creditors of these liabilities do not have recourse to our general credit. |
See accompanying notes to condensed consolidated financial statements.
HUNTSMAN CORPORATION AND SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In Millions, Except Per Share Amounts)
|
|
Three months |
|
|
Nine months |
|
|
|
ended |
|
|
ended |
|
|
|
September 30, |
|
|
September 30, |
|
|
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
Revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trade sales, services and fees, net |
|
$ |
1,477 |
|
|
$ |
1,946 |
|
|
$ |
4,611 |
|
|
$ |
6,189 |
|
Related party sales |
|
|
29 |
|
|
|
65 |
|
|
|
97 |
|
|
|
184 |
|
Total revenues |
|
|
1,506 |
|
|
|
2,011 |
|
|
|
4,708 |
|
|
|
6,373 |
|
Cost of goods sold |
|
|
1,275 |
|
|
|
1,662 |
|
|
|
3,954 |
|
|
|
5,017 |
|
Gross profit |
|
|
231 |
|
|
|
349 |
|
|
|
754 |
|
|
|
1,356 |
|
Operating expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling, general and administrative |
|
|
165 |
|
|
|
165 |
|
|
|
520 |
|
|
|
532 |
|
Research and development |
|
|
28 |
|
|
|
31 |
|
|
|
87 |
|
|
|
97 |
|
Restructuring, impairment and plant closing costs |
|
|
6 |
|
|
|
12 |
|
|
|
7 |
|
|
|
36 |
|
Other operating loss (income), net |
|
|
5 |
|
|
|
3 |
|
|
|
2 |
|
|
|
(8 |
) |
Total operating expenses |
|
|
204 |
|
|
|
211 |
|
|
|
616 |
|
|
|
657 |
|
Operating income |
|
|
27 |
|
|
|
138 |
|
|
|
138 |
|
|
|
699 |
|
Interest expense, net |
|
|
(15 |
) |
|
|
(16 |
) |
|
|
(48 |
) |
|
|
(46 |
) |
Equity in income of investment in unconsolidated affiliates |
|
|
30 |
|
|
|
21 |
|
|
|
70 |
|
|
|
55 |
|
Other income (expense), net |
|
|
— |
|
|
|
3 |
|
|
|
(2 |
) |
|
|
14 |
|
Income from continuing operations before income taxes |
|
|
42 |
|
|
|
146 |
|
|
|
158 |
|
|
|
722 |
|
Income tax expense |
|
|
(27 |
) |
|
|
(30 |
) |
|
|
(66 |
) |
|
|
(155 |
) |
Income from continuing operations |
|
|
15 |
|
|
|
116 |
|
|
|
92 |
|
|
|
567 |
|
(Loss) income from discontinued operations, net of tax |
|
|
— |
|
|
|
(1 |
) |
|
|
120 |
|
|
|
30 |
|
Net income |
|
|
15 |
|
|
|
115 |
|
|
|
212 |
|
|
|
597 |
|
Net income attributable to noncontrolling interests |
|
|
(15 |
) |
|
|
(15 |
) |
|
|
(40 |
) |
|
|
(46 |
) |
Net income attributable to Huntsman Corporation |
|
$ |
— |
|
|
$ |
100 |
|
|
$ |
172 |
|
|
$ |
551 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic income per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations attributable to Huntsman Corporation common stockholders |
|
$ |
— |
|
|
$ |
0.52 |
|
|
$ |
0.29 |
|
|
$ |
2.54 |
|
(Loss) income from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax |
|
|
— |
|
|
|
(0.01 |
) |
|
|
0.67 |
|
|
|
0.15 |
|
Net income attributable to Huntsman Corporation common stockholders |
|
$ |
— |
|
|
$ |
0.51 |
|
|
$ |
0.96 |
|
|
$ |
2.69 |
|
Weighted average shares |
|
|
175.7 |
|
|
|
197.7 |
|
|
|
179.1 |
|
|
|
205.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted income per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations attributable to Huntsman Corporation common stockholders |
|
$ |
— |
|
|
$ |
0.51 |
|
|
$ |
0.29 |
|
|
$ |
2.52 |
|
(Loss) income from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax |
|
|
— |
|
|
|
(0.01 |
) |
|
|
0.66 |
|
|
|
0.14 |
|
Net income attributable to Huntsman Corporation common stockholders |
|
$ |
— |
|
|
$ |
0.50 |
|
|
$ |
0.95 |
|
|
$ |
2.66 |
|
Weighted average shares |
|
|
177.0 |
|
|
|
199.2 |
|
|
|
180.5 |
|
|
|
207.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts attributable to Huntsman Corporation: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations |
|
$ |
— |
|
|
$ |
101 |
|
|
$ |
52 |
|
|
$ |
521 |
|
(Loss) income from discontinued operations, net of tax |
|
|
— |
|
|
|
(1 |
) |
|
|
120 |
|
|
|
30 |
|
Net income |
|
$ |
— |
|
|
$ |
100 |
|
|
$ |
172 |
|
|
$ |
551 |
|
See accompanying notes to condensed consolidated financial statements.
HUNTSMAN CORPORATION AND SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME
(In Millions)
|
|
Three months |
|
|
Nine months |
|
|
|
ended |
|
|
ended |
|
|
|
September 30, |
|
|
September 30, |
|
|
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
Net income |
|
$ |
15 |
|
|
$ |
115 |
|
|
$ |
212 |
|
|
$ |
597 |
|
Other comprehensive (loss) income, net of tax: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency translations adjustments |
|
|
(46 |
) |
|
|
(204 |
) |
|
|
(39 |
) |
|
|
(338 |
) |
Pension and other postretirement benefits adjustments |
|
|
6 |
|
|
|
10 |
|
|
|
86 |
|
|
|
28 |
|
Other, net |
|
|
(9 |
) |
|
|
— |
|
|
|
(9 |
) |
|
|
(1 |
) |
Other comprehensive (loss) income, net of tax |
|
|
(49 |
) |
|
|
(194 |
) |
|
|
38 |
|
|
|
(311 |
) |
Comprehensive (loss) income |
|
|
(34 |
) |
|
|
(79 |
) |
|
|
250 |
|
|
|
286 |
|
Comprehensive income attributable to noncontrolling interests |
|
|
(16 |
) |
|
|
(6 |
) |
|
|
(35 |
) |
|
|
(29 |
) |
Comprehensive (loss) income attributable to Huntsman Corporation |
|
$ |
(50 |
) |
|
$ |
(85 |
) |
|
$ |
215 |
|
|
$ |
257 |
|
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, 2023 | | | 183,634,464 | | | $ | 3 | | | $ | 4,156 | | | $ | (1,937 | ) | | $ | (35 | ) | | $ | 2,705 | | | $ | (1,268 | ) | | $ | 216 | | | $ | 3,840 | |
Net income | | | — | | | | — | | | | — | | | | — | | | | — | | | | 153 | | | | — | | | | 13 | | | | 166 | |
Other comprehensive income | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | 125 | | | | 2 | | | | 127 | |
Issuance of nonvested stock awards | | | — | | | | — | | | | 32 | | | | — | | | | (32 | ) | | | — | | | | — | | | | — | | | | — | |
Vesting of stock awards | | | 1,016,782 | | | | — | | | | 5 | | | | — | | | | — | | | | — | | | | — | | | | — | | | | 5 | |
Recognition of stock-based compensation | | | — | | | | — | | | | 1 | | | | — | | | | 9 | | | | — | | | | — | | | | — | | | | 10 | |
Repurchase and cancellation of stock awards | | | (301,231 | ) | | | — | | | | — | | | | — | | | | — | | | | (9 | ) | | | — | | | | — | | | | (9 | ) |
Stock options exercised | | | 16,245 | | | | — | | | | 1 | | | | — | | | | — | | | | (1 | ) | | | — | | | | — | | | | — | |
Treasury stock repurchased | | | (3,472,020 | ) | | | — | | | | — | | | | (101 | ) | | | — | | | | — | | | | — | | | | — | | | | (101 | ) |
Distributions to noncontrolling interests | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | (4 | ) | | | (4 | ) |
Dividends declared on common stock ($0.2375 per share) | | | — | | | | — | | | | — | | | | — | | | | — | | | | (44 | ) | | | — | | | | — | | | | (44 | ) |
Balance, March 31, 2023 | | | 180,894,240 | | | | 3 | | | | 4,195 | | | | (2,038 | ) | | | (58 | ) | | | 2,804 | | | | (1,143 | ) | | | 227 | | | | 3,990 | |
Net income | | | — | | | | — | | | | — | | | | — | | | | — | | | | 19 | | | | — | | | | 12 | | | | 31 | |
Other comprehensive loss | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | (32 | ) | | | (8 | ) | | | (40 | ) |
Vesting of stock awards | | | 6,616 | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
Recognition of stock-based compensation | | | — | | | | — | | | | — | | | | — | | | | 5 | | | | — | | | | — | | | | — | | | | 5 | |
Repurchase and cancellation of stock awards | | | (1,957 | ) | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
Stock options exercised | | | 1,444 | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
Treasury stock repurchased | | | (3,790,069 | ) | | | — | | | | — | | | | (98 | ) | | | — | | | | — | | | | — | | | | — | | | | (98 | ) |
Dividends declared on common stock ($0.2375 per share) | | | — | | | | — | | | | — | | | | — | | | | — | | | | (42 | ) | | | — | | | | — | | | | (42 | ) |
Balance, June 30, 2023 | | | 177,110,274 | | | | 3 | | | | 4,195 | | | | (2,136 | ) | | | (53 | ) | | | 2,781 | | | | (1,175 | ) | | | 231 | | | | 3,846 | |
Net income | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | 15 | | | | 15 | |
Other comprehensive (loss) income | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | (50 | ) | | | 1 | | | | (49 | ) |
Vesting of stock awards | | | 4,977 | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
Recognition of stock-based compensation | | | — | | | | — | | | | — | | | | — | | | | 6 | | | | — | | | | — | | | | — | | | | 6 | |
Repurchase and cancellation of stock awards | | | (1,499 | ) | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
Stock options exercised | | | 252,053 | | | | — | | | | 7 | | | | — | | | | — | | | | (3 | ) | | | — | | | | — | | | | 4 | |
Treasury stock repurchased, including excise taxes | | | (3,757,789 | ) | | | — | | | | — | | | | (103 | ) | | | — | | | | — | | | | — | | | | — | | | | (103 | ) |
Distributions to noncontrolling interests | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | (20 | ) | | | (20 | ) |
Dividends declared on common stock ($0.2375 per share) | | | — | | | | — | | | | — | | | | — | | | | — | | | | (42 | ) | | | — | | | | — | | | | (42 | ) |
Acquisition of noncontrolling interests, net of tax | | | — | | | | — | | | | (1 | ) | | | — | | | | — | | | | — | | | | — | | | | (2 | ) | | | (3 | ) |
Balance, September 30, 2023 | | | 173,608,016 | | | $ | 3 | | | $ | 4,201 | | | $ | (2,239 | ) | | $ | (47 | ) | | $ | 2,736 | | | $ | (1,225 | ) | | $ | 225 | | | $ | 3,654 | |
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 | | | $ | |