10-Q00013079540001089748--12-31--12-3120202020Q2Q22020-06-30falsefalsetruefalse27282728P364D100000020000000320000000001307954hun:RubiconLLCMember2020-01-012020-06-300001307954hun:ArabianAminesCompanyMember2020-01-012020-06-300001307954us-gaap:TreasuryStockCommonMember2020-01-012020-03-310001307954us-gaap:TreasuryStockCommonMember2019-04-012019-06-300001307954us-gaap:TreasuryStockCommonMember2019-01-012019-03-310001307954hun:ShareRepurchaseProgram2015Member2018-05-030001307954srt:MaximumMemberhun:ShareRepurchaseProgram2018Member2018-05-030001307954us-gaap:CommonStockMember2020-04-012020-06-300001307954us-gaap:CommonStockMember2020-01-012020-03-310001307954us-gaap:CommonStockMember2019-04-012019-06-300001307954us-gaap:CommonStockMember2019-01-012019-03-310001307954us-gaap:TreasuryStockCommonMember2020-06-300001307954us-gaap:RetainedEarningsMember2020-06-300001307954us-gaap:NoncontrollingInterestMember2020-06-300001307954us-gaap:DeferredCompensationShareBasedPaymentsMember2020-06-300001307954us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2020-06-300001307954us-gaap:AociAttributableToNoncontrollingInterestMember2020-06-300001307954us-gaap:AdditionalPaidInCapitalMember2020-06-300001307954us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-06-300001307954us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2020-06-300001307954us-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2020-06-300001307954hun:AccumulatedOtherComprehensiveIncomeOtherNetIncludingPortionAttributableToNoncontrollingInterestMember2020-06-300001307954hun:AccumulatedOtherComprehensiveIncomeLossUnconsolidatedAffiliatesIncludingPortionAttributableToNoncontrollingInterestMember2020-06-300001307954us-gaap:TreasuryStockCommonMember2020-03-310001307954us-gaap:RetainedEarningsMember2020-03-310001307954us-gaap:NoncontrollingInterestMember2020-03-310001307954us-gaap:DeferredCompensationShareBasedPaymentsMember2020-03-310001307954us-gaap:AdditionalPaidInCapitalMember2020-03-310001307954us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-03-3100013079542020-03-310001307954us-gaap:TreasuryStockCommonMember2019-12-310001307954us-gaap:RetainedEarningsMember2019-12-310001307954us-gaap:NoncontrollingInterestMember2019-12-310001307954us-gaap:DeferredCompensationShareBasedPaymentsMember2019-12-310001307954us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2019-12-310001307954us-gaap:AociAttributableToNoncontrollingInterestMember2019-12-310001307954us-gaap:AdditionalPaidInCapitalMember2019-12-310001307954us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-12-310001307954us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2019-12-310001307954us-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2019-12-310001307954hun:AccumulatedOtherComprehensiveIncomeOtherNetIncludingPortionAttributableToNoncontrollingInterestMember2019-12-310001307954hun:AccumulatedOtherComprehensiveIncomeLossUnconsolidatedAffiliatesIncludingPortionAttributableToNoncontrollingInterestMember2019-12-310001307954us-gaap:TreasuryStockCommonMember2019-06-300001307954us-gaap:RetainedEarningsMember2019-06-300001307954us-gaap:NoncontrollingInterestMember2019-06-300001307954us-gaap:DeferredCompensationShareBasedPaymentsMember2019-06-300001307954us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2019-06-300001307954us-gaap:AociAttributableToNoncontrollingInterestMember2019-06-300001307954us-gaap:AdditionalPaidInCapitalMember2019-06-300001307954us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-06-300001307954us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2019-06-300001307954us-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2019-06-300001307954hun:AccumulatedOtherComprehensiveIncomeOtherNetIncludingPortionAttributableToNoncontrollingInterestMember2019-06-300001307954hun:AccumulatedOtherComprehensiveIncomeLossUnconsolidatedAffiliatesIncludingPortionAttributableToNoncontrollingInterestMember2019-06-300001307954us-gaap:TreasuryStockCommonMember2019-03-310001307954us-gaap:RetainedEarningsMember2019-03-310001307954us-gaap:NoncontrollingInterestMember2019-03-310001307954us-gaap:DeferredCompensationShareBasedPaymentsMember2019-03-310001307954us-gaap:AdditionalPaidInCapitalMember2019-03-310001307954us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-03-3100013079542019-03-310001307954us-gaap:TreasuryStockCommonMember2018-12-310001307954us-gaap:RetainedEarningsMember2018-12-310001307954us-gaap:NoncontrollingInterestMember2018-12-310001307954us-gaap:DeferredCompensationShareBasedPaymentsMember2018-12-310001307954us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2018-12-310001307954us-gaap:AociAttributableToNoncontrollingInterestMember2018-12-310001307954us-gaap:AdditionalPaidInCapitalMember2018-12-310001307954us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-12-310001307954us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2018-12-310001307954us-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2018-12-310001307954hun:AccumulatedOtherComprehensiveIncomeOtherNetIncludingPortionAttributableToNoncontrollingInterestMember2018-12-310001307954hun:AccumulatedOtherComprehensiveIncomeLossUnconsolidatedAffiliatesIncludingPortionAttributableToNoncontrollingInterestMember2018-12-310001307954us-gaap:EmployeeStockOptionMember2019-12-310001307954us-gaap:EmployeeStockOptionMember2020-04-012020-06-300001307954us-gaap:EmployeeStockOptionMember2019-04-012019-06-300001307954hun:HuntsmanCorporation2016StockIncentivePlanMember2020-06-300001307954srt:MaximumMemberus-gaap:EmployeeStockOptionMember2020-01-012020-06-300001307954hun:NonvestedSharesMember2019-01-012019-06-300001307954hun:LiabilityAwardsMember2020-06-300001307954hun:EquityAwardsMember2020-06-300001307954hun:LiabilityAwardsMember2019-12-310001307954hun:EquityAwardsMember2019-12-310001307954hun:LiabilityAwardsMember2020-01-012020-06-300001307954hun:EquityAwardsMember2020-01-012020-06-300001307954us-gaap:StockCompensationPlanMember2020-01-012020-06-300001307954us-gaap:OperatingSegmentsMembersrt:EuropeMemberhun:TextileEffectsMember2020-04-012020-06-300001307954us-gaap:OperatingSegmentsMembersrt:EuropeMemberhun:PolyurethanesMember2020-04-012020-06-300001307954us-gaap:OperatingSegmentsMembersrt:EuropeMemberhun:PerformanceProductsMember2020-04-012020-06-300001307954us-gaap:OperatingSegmentsMembersrt:EuropeMemberhun:AdvancedMaterialsMember2020-04-012020-06-300001307954us-gaap:OperatingSegmentsMembersrt:AsiaPacificMemberhun:TextileEffectsMember2020-04-012020-06-300001307954us-gaap:OperatingSegmentsMembersrt:AsiaPacificMemberhun:PolyurethanesMember2020-04-012020-06-300001307954us-gaap:OperatingSegmentsMembersrt:AsiaPacificMemberhun:PerformanceProductsMember2020-04-012020-06-300001307954us-gaap:OperatingSegmentsMembersrt:AsiaPacificMemberhun:AdvancedMaterialsMember2020-04-012020-06-300001307954us-gaap:OperatingSegmentsMemberhun:UnitedStatesAndCanadaMemberhun:TextileEffectsMember2020-04-012020-06-300001307954us-gaap:OperatingSegmentsMemberhun:UnitedStatesAndCanadaMemberhun:PolyurethanesMember2020-04-012020-06-300001307954us-gaap:OperatingSegmentsMemberhun:UnitedStatesAndCanadaMemberhun:PerformanceProductsMember2020-04-012020-06-300001307954us-gaap:OperatingSegmentsMemberhun:UnitedStatesAndCanadaMemberhun:AdvancedMaterialsMember2020-04-012020-06-300001307954us-gaap:OperatingSegmentsMemberhun:TextileChemicalsAndDyesAndDigitalInksMemberhun:TextileEffectsMember2020-04-012020-06-300001307954us-gaap:OperatingSegmentsMemberhun:SpecialtyMemberhun:AdvancedMaterialsMember2020-04-012020-06-300001307954us-gaap:OperatingSegmentsMemberhun:PlaceOtherThanAsiaPacificEuropeUnitedStatesAndCanadaMemberhun:TextileEffectsMember2020-04-012020-06-300001307954us-gaap:OperatingSegmentsMemberhun:PlaceOtherThanAsiaPacificEuropeUnitedStatesAndCanadaMemberhun:PolyurethanesMember2020-04-012020-06-300001307954us-gaap:OperatingSegmentsMemberhun:PlaceOtherThanAsiaPacificEuropeUnitedStatesAndCanadaMemberhun:PerformanceProductsMember2020-04-012020-06-300001307954us-gaap:OperatingSegmentsMemberhun:PlaceOtherThanAsiaPacificEuropeUnitedStatesAndCanadaMemberhun:AdvancedMaterialsMember2020-04-012020-06-300001307954us-gaap:OperatingSegmentsMemberhun:NonSpecialtyMemberhun:AdvancedMaterialsMember2020-04-012020-06-300001307954us-gaap:OperatingSegmentsMemberhun:MdiUrethanesMemberhun:PolyurethanesMember2020-04-012020-06-300001307954us-gaap:OperatingSegmentsMemberhun:DifferentiatedMemberhun:PerformanceProductsMember2020-04-012020-06-300001307954hun:HuntsmanInternationalLLCMemberhun:ThirdPartyCustomersMember2020-04-012020-06-300001307954hun:HuntsmanInternationalLLCMemberhun:RelatedPartyCustomersMember2020-04-012020-06-300001307954hun:CorporateAndEliminationsMemberhun:UnitedStatesAndCanadaMember2020-04-012020-06-300001307954hun:CorporateAndEliminationsMemberhun:PlaceOtherThanAsiaPacificEuropeUnitedStatesAndCanadaMember2020-04-012020-06-300001307954srt:EuropeMember2020-04-012020-06-300001307954srt:AsiaPacificMember2020-04-012020-06-300001307954hun:UnitedStatesAndCanadaMember2020-04-012020-06-300001307954hun:ThirdPartyCustomersMember2020-04-012020-06-300001307954hun:TextileChemicalsAndDyesAndDigitalInksMember2020-04-012020-06-300001307954hun:SpecialtyMember2020-04-012020-06-300001307954hun:RelatedPartyCustomersMember2020-04-012020-06-300001307954hun:PlaceOtherThanAsiaPacificEuropeUnitedStatesAndCanadaMember2020-04-012020-06-300001307954hun:NonSpecialtyMember2020-04-012020-06-300001307954hun:MdiUrethanesMember2020-04-012020-06-300001307954hun:DifferentiatedMember2020-04-012020-06-300001307954hun:CorporateAndEliminationsMember2020-04-012020-06-300001307954us-gaap:OperatingSegmentsMembersrt:EuropeMemberhun:TextileEffectsMember2020-01-012020-06-300001307954us-gaap:OperatingSegmentsMembersrt:EuropeMemberhun:PolyurethanesMember2020-01-012020-06-300001307954us-gaap:OperatingSegmentsMembersrt:EuropeMemberhun:PerformanceProductsMember2020-01-012020-06-300001307954us-gaap:OperatingSegmentsMembersrt:EuropeMemberhun:AdvancedMaterialsMember2020-01-012020-06-300001307954us-gaap:OperatingSegmentsMembersrt:AsiaPacificMemberhun:TextileEffectsMember2020-01-012020-06-300001307954us-gaap:OperatingSegmentsMembersrt:AsiaPacificMemberhun:PolyurethanesMember2020-01-012020-06-300001307954us-gaap:OperatingSegmentsMembersrt:AsiaPacificMemberhun:PerformanceProductsMember2020-01-012020-06-300001307954us-gaap:OperatingSegmentsMembersrt:AsiaPacificMemberhun:AdvancedMaterialsMember2020-01-012020-06-300001307954us-gaap:OperatingSegmentsMemberhun:UnitedStatesAndCanadaMemberhun:TextileEffectsMember2020-01-012020-06-300001307954us-gaap:OperatingSegmentsMemberhun:UnitedStatesAndCanadaMemberhun:PolyurethanesMember2020-01-012020-06-300001307954us-gaap:OperatingSegmentsMemberhun:UnitedStatesAndCanadaMemberhun:PerformanceProductsMember2020-01-012020-06-300001307954us-gaap:OperatingSegmentsMemberhun:UnitedStatesAndCanadaMemberhun:AdvancedMaterialsMember2020-01-012020-06-300001307954us-gaap:OperatingSegmentsMemberhun:TextileChemicalsAndDyesAndDigitalInksMemberhun:TextileEffectsMember2020-01-012020-06-300001307954us-gaap:OperatingSegmentsMemberhun:SpecialtyMemberhun:AdvancedMaterialsMember2020-01-012020-06-300001307954us-gaap:OperatingSegmentsMemberhun:PlaceOtherThanAsiaPacificEuropeUnitedStatesAndCanadaMemberhun:TextileEffectsMember2020-01-012020-06-300001307954us-gaap:OperatingSegmentsMemberhun:PlaceOtherThanAsiaPacificEuropeUnitedStatesAndCanadaMemberhun:PolyurethanesMember2020-01-012020-06-300001307954us-gaap:OperatingSegmentsMemberhun:PlaceOtherThanAsiaPacificEuropeUnitedStatesAndCanadaMemberhun:PerformanceProductsMember2020-01-012020-06-300001307954us-gaap:OperatingSegmentsMemberhun:PlaceOtherThanAsiaPacificEuropeUnitedStatesAndCanadaMemberhun:AdvancedMaterialsMember2020-01-012020-06-300001307954us-gaap:OperatingSegmentsMemberhun:NonSpecialtyMemberhun:AdvancedMaterialsMember2020-01-012020-06-300001307954us-gaap:OperatingSegmentsMemberhun:MdiUrethanesMemberhun:PolyurethanesMember2020-01-012020-06-300001307954us-gaap:OperatingSegmentsMemberhun:DifferentiatedMemberhun:PerformanceProductsMember2020-01-012020-06-300001307954hun:HuntsmanInternationalLLCMemberhun:ThirdPartyCustomersMember2020-01-012020-06-300001307954hun:HuntsmanInternationalLLCMemberhun:RelatedPartyCustomersMember2020-01-012020-06-300001307954hun:CorporateAndEliminationsMembersrt:EuropeMember2020-01-012020-06-300001307954hun:CorporateAndEliminationsMemberhun:UnitedStatesAndCanadaMember2020-01-012020-06-300001307954hun:CorporateAndEliminationsMemberhun:PlaceOtherThanAsiaPacificEuropeUnitedStatesAndCanadaMember2020-01-012020-06-300001307954srt:EuropeMember2020-01-012020-06-300001307954srt:AsiaPacificMember2020-01-012020-06-300001307954hun:UnitedStatesAndCanadaMember2020-01-012020-06-300001307954hun:ThirdPartyCustomersMember2020-01-012020-06-300001307954hun:TextileChemicalsAndDyesAndDigitalInksMember2020-01-012020-06-300001307954hun:SpecialtyMember2020-01-012020-06-300001307954hun:RelatedPartyCustomersMember2020-01-012020-06-300001307954hun:PlaceOtherThanAsiaPacificEuropeUnitedStatesAndCanadaMember2020-01-012020-06-300001307954hun:NonSpecialtyMember2020-01-012020-06-300001307954hun:MdiUrethanesMember2020-01-012020-06-300001307954hun:DifferentiatedMember2020-01-012020-06-300001307954hun:CorporateAndEliminationsMember2020-01-012020-06-300001307954us-gaap:OperatingSegmentsMembersrt:EuropeMemberhun:TextileEffectsMember2019-04-012019-06-300001307954us-gaap:OperatingSegmentsMembersrt:EuropeMemberhun:PolyurethanesMember2019-04-012019-06-300001307954us-gaap:OperatingSegmentsMembersrt:EuropeMemberhun:PerformanceProductsMember2019-04-012019-06-300001307954us-gaap:OperatingSegmentsMembersrt:EuropeMemberhun:AdvancedMaterialsMember2019-04-012019-06-300001307954us-gaap:OperatingSegmentsMembersrt:AsiaPacificMemberhun:TextileEffectsMember2019-04-012019-06-300001307954us-gaap:OperatingSegmentsMembersrt:AsiaPacificMemberhun:PolyurethanesMember2019-04-012019-06-300001307954us-gaap:OperatingSegmentsMembersrt:AsiaPacificMemberhun:PerformanceProductsMember2019-04-012019-06-300001307954us-gaap:OperatingSegmentsMembersrt:AsiaPacificMemberhun:AdvancedMaterialsMember2019-04-012019-06-300001307954us-gaap:OperatingSegmentsMemberhun:UnitedStatesAndCanadaMemberhun:TextileEffectsMember2019-04-012019-06-300001307954us-gaap:OperatingSegmentsMemberhun:UnitedStatesAndCanadaMemberhun:PolyurethanesMember2019-04-012019-06-300001307954us-gaap:OperatingSegmentsMemberhun:UnitedStatesAndCanadaMemberhun:PerformanceProductsMember2019-04-012019-06-300001307954us-gaap:OperatingSegmentsMemberhun:UnitedStatesAndCanadaMemberhun:AdvancedMaterialsMember2019-04-012019-06-300001307954us-gaap:OperatingSegmentsMemberhun:TextileChemicalsAndDyesAndDigitalInksMemberhun:TextileEffectsMember2019-04-012019-06-300001307954us-gaap:OperatingSegmentsMemberhun:SpecialtyMemberhun:AdvancedMaterialsMember2019-04-012019-06-300001307954us-gaap:OperatingSegmentsMemberhun:PlaceOtherThanAsiaPacificEuropeUnitedStatesAndCanadaMemberhun:TextileEffectsMember2019-04-012019-06-300001307954us-gaap:OperatingSegmentsMemberhun:PlaceOtherThanAsiaPacificEuropeUnitedStatesAndCanadaMemberhun:PolyurethanesMember2019-04-012019-06-300001307954us-gaap:OperatingSegmentsMemberhun:PlaceOtherThanAsiaPacificEuropeUnitedStatesAndCanadaMemberhun:PerformanceProductsMember2019-04-012019-06-300001307954us-gaap:OperatingSegmentsMemberhun:PlaceOtherThanAsiaPacificEuropeUnitedStatesAndCanadaMemberhun:AdvancedMaterialsMember2019-04-012019-06-300001307954us-gaap:OperatingSegmentsMemberhun:NonSpecialtyMemberhun:AdvancedMaterialsMember2019-04-012019-06-300001307954us-gaap:OperatingSegmentsMemberhun:MdiUrethanesMemberhun:PolyurethanesMember2019-04-012019-06-300001307954us-gaap:OperatingSegmentsMemberhun:DifferentiatedMemberhun:PerformanceProductsMember2019-04-012019-06-300001307954hun:HuntsmanInternationalLLCMemberhun:ThirdPartyCustomersMember2019-04-012019-06-300001307954hun:HuntsmanInternationalLLCMemberhun:RelatedPartyCustomersMember2019-04-012019-06-300001307954hun:CorporateAndEliminationsMembersrt:EuropeMember2019-04-012019-06-300001307954hun:CorporateAndEliminationsMembersrt:AsiaPacificMember2019-04-012019-06-300001307954hun:CorporateAndEliminationsMemberhun:UnitedStatesAndCanadaMember2019-04-012019-06-300001307954hun:CorporateAndEliminationsMemberhun:PlaceOtherThanAsiaPacificEuropeUnitedStatesAndCanadaMember2019-04-012019-06-300001307954srt:EuropeMember2019-04-012019-06-300001307954srt:AsiaPacificMember2019-04-012019-06-300001307954hun:UnitedStatesAndCanadaMember2019-04-012019-06-300001307954hun:ThirdPartyCustomersMember2019-04-012019-06-300001307954hun:TextileChemicalsAndDyesAndDigitalInksMember2019-04-012019-06-300001307954hun:SpecialtyMember2019-04-012019-06-300001307954hun:RelatedPartyCustomersMember2019-04-012019-06-300001307954hun:PlaceOtherThanAsiaPacificEuropeUnitedStatesAndCanadaMember2019-04-012019-06-300001307954hun:NonSpecialtyMember2019-04-012019-06-300001307954hun:MdiUrethanesMember2019-04-012019-06-300001307954hun:DifferentiatedMember2019-04-012019-06-300001307954hun:CorporateAndEliminationsMember2019-04-012019-06-300001307954us-gaap:OperatingSegmentsMembersrt:EuropeMemberhun:TextileEffectsMember2019-01-012019-06-300001307954us-gaap:OperatingSegmentsMembersrt:EuropeMemberhun:PolyurethanesMember2019-01-012019-06-300001307954us-gaap:OperatingSegmentsMembersrt:EuropeMemberhun:PerformanceProductsMember2019-01-012019-06-300001307954us-gaap:OperatingSegmentsMembersrt:EuropeMemberhun:AdvancedMaterialsMember2019-01-012019-06-300001307954us-gaap:OperatingSegmentsMembersrt:AsiaPacificMemberhun:TextileEffectsMember2019-01-012019-06-300001307954us-gaap:OperatingSegmentsMembersrt:AsiaPacificMemberhun:PolyurethanesMember2019-01-012019-06-300001307954us-gaap:OperatingSegmentsMembersrt:AsiaPacificMemberhun:PerformanceProductsMember2019-01-012019-06-300001307954us-gaap:OperatingSegmentsMembersrt:AsiaPacificMemberhun:AdvancedMaterialsMember2019-01-012019-06-300001307954us-gaap:OperatingSegmentsMemberhun:UnitedStatesAndCanadaMemberhun:TextileEffectsMember2019-01-012019-06-300001307954us-gaap:OperatingSegmentsMemberhun:UnitedStatesAndCanadaMemberhun:PolyurethanesMember2019-01-012019-06-300001307954us-gaap:OperatingSegmentsMemberhun:UnitedStatesAndCanadaMemberhun:PerformanceProductsMember2019-01-012019-06-300001307954us-gaap:OperatingSegmentsMemberhun:UnitedStatesAndCanadaMemberhun:AdvancedMaterialsMember2019-01-012019-06-300001307954us-gaap:OperatingSegmentsMemberhun:SpecialtyMemberhun:AdvancedMaterialsMember2019-01-012019-06-300001307954us-gaap:OperatingSegmentsMemberhun:PlaceOtherThanAsiaPacificEuropeUnitedStatesAndCanadaMemberhun:TextileEffectsMember2019-01-012019-06-300001307954us-gaap:OperatingSegmentsMemberhun:PlaceOtherThanAsiaPacificEuropeUnitedStatesAndCanadaMemberhun:PolyurethanesMember2019-01-012019-06-300001307954us-gaap:OperatingSegmentsMemberhun:PlaceOtherThanAsiaPacificEuropeUnitedStatesAndCanadaMemberhun:PerformanceProductsMember2019-01-012019-06-300001307954us-gaap:OperatingSegmentsMemberhun:PlaceOtherThanAsiaPacificEuropeUnitedStatesAndCanadaMemberhun:AdvancedMaterialsMember2019-01-012019-06-300001307954us-gaap:OperatingSegmentsMemberhun:NonSpecialtyMemberhun:AdvancedMaterialsMember2019-01-012019-06-300001307954us-gaap:OperatingSegmentsMemberhun:MdiUrethanesMemberhun:PolyurethanesMember2019-01-012019-06-300001307954us-gaap:OperatingSegmentsMemberhun:DifferentiatedMemberhun:PerformanceProductsMember2019-01-012019-06-300001307954hun:CorporateAndEliminationsMemberhun:TextileChemicalsAndDyesAndDigitalInksMemberhun:TextileEffectsMember2019-01-012019-06-300001307954hun:HuntsmanInternationalLLCMemberhun:ThirdPartyCustomersMember2019-01-012019-06-300001307954hun:HuntsmanInternationalLLCMemberhun:RelatedPartyCustomersMember2019-01-012019-06-300001307954hun:CorporateAndEliminationsMembersrt:EuropeMember2019-01-012019-06-300001307954hun:CorporateAndEliminationsMembersrt:AsiaPacificMember2019-01-012019-06-300001307954hun:CorporateAndEliminationsMemberhun:UnitedStatesAndCanadaMember2019-01-012019-06-300001307954hun:CorporateAndEliminationsMemberhun:TextileChemicalsAndDyesAndDigitalInksMember2019-01-012019-06-300001307954hun:CorporateAndEliminationsMemberhun:PlaceOtherThanAsiaPacificEuropeUnitedStatesAndCanadaMember2019-01-012019-06-300001307954srt:EuropeMember2019-01-012019-06-300001307954srt:AsiaPacificMember2019-01-012019-06-300001307954hun:UnitedStatesAndCanadaMember2019-01-012019-06-300001307954hun:ThirdPartyCustomersMember2019-01-012019-06-300001307954hun:SpecialtyMember2019-01-012019-06-300001307954hun:RelatedPartyCustomersMember2019-01-012019-06-300001307954hun:PlaceOtherThanAsiaPacificEuropeUnitedStatesAndCanadaMember2019-01-012019-06-300001307954hun:NonSpecialtyMember2019-01-012019-06-300001307954hun:MdiUrethanesMember2019-01-012019-06-300001307954hun:DifferentiatedMember2019-01-012019-06-300001307954hun:CorporateAndEliminationsMember2019-01-012019-06-300001307954us-gaap:EmployeeSeveranceMemberhun:PolyurethanesMember2020-04-012020-06-300001307954us-gaap:EmployeeSeveranceMemberhun:PerformanceProductsMember2020-04-012020-06-300001307954us-gaap:EmployeeSeveranceMemberhun:AdvancedMaterialsMember2020-04-012020-06-300001307954us-gaap:EmployeeSeveranceMemberhun:TextileEffectsMember2020-01-012020-06-300001307954srt:MinimumMember2020-07-310001307954srt:MaximumMember2020-07-310001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetGainLossIncludingPortionAttributableToNoncontrollingInterestMemberus-gaap:SegmentDiscontinuedOperationsMember2020-04-012020-06-300001307954us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetGainLossIncludingPortionAttributableToNoncontrollingInterestMemberus-gaap:SegmentDiscontinuedOperationsMember2020-04-012020-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceIncludingPortionAttributableToNoncontrollingInterestMember2020-04-012020-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetGainLossIncludingPortionAttributableToNoncontrollingInterestMember2020-04-012020-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2020-04-012020-06-300001307954us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceIncludingPortionAttributableToNoncontrollingInterestMember2020-04-012020-06-300001307954us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetGainLossIncludingPortionAttributableToNoncontrollingInterestMember2020-04-012020-06-300001307954us-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2020-04-012020-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetGainLossIncludingPortionAttributableToNoncontrollingInterestMemberus-gaap:SegmentDiscontinuedOperationsMember2020-01-012020-06-300001307954us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetGainLossIncludingPortionAttributableToNoncontrollingInterestMemberus-gaap:SegmentDiscontinuedOperationsMember2020-01-012020-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceIncludingPortionAttributableToNoncontrollingInterestMember2020-01-012020-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetGainLossIncludingPortionAttributableToNoncontrollingInterestMember2020-01-012020-06-300001307954hun:HuntsmanInternationalLLCMemberhun:AccumulatedDefinedBenefitPlansAdjustmentSettlementGainLossAttributableToNoncontrollingInterestMember2020-01-012020-06-300001307954us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceIncludingPortionAttributableToNoncontrollingInterestMember2020-01-012020-06-300001307954us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetGainLossIncludingPortionAttributableToNoncontrollingInterestMember2020-01-012020-06-300001307954hun:AccumulatedDefinedBenefitPlansAdjustmentSettlementGainLossAttributableToNoncontrollingInterestMember2020-01-012020-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetGainLossIncludingPortionAttributableToNoncontrollingInterestMemberus-gaap:SegmentDiscontinuedOperationsMember2019-04-012019-06-300001307954us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetGainLossIncludingPortionAttributableToNoncontrollingInterestMemberus-gaap:SegmentDiscontinuedOperationsMember2019-04-012019-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceIncludingPortionAttributableToNoncontrollingInterestMember2019-04-012019-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetGainLossIncludingPortionAttributableToNoncontrollingInterestMember2019-04-012019-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2019-04-012019-06-300001307954us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceIncludingPortionAttributableToNoncontrollingInterestMember2019-04-012019-06-300001307954us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetGainLossIncludingPortionAttributableToNoncontrollingInterestMember2019-04-012019-06-300001307954us-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2019-04-012019-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetGainLossIncludingPortionAttributableToNoncontrollingInterestMemberus-gaap:SegmentDiscontinuedOperationsMember2019-01-012019-06-300001307954us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetGainLossIncludingPortionAttributableToNoncontrollingInterestMemberus-gaap:SegmentDiscontinuedOperationsMember2019-01-012019-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceIncludingPortionAttributableToNoncontrollingInterestMember2019-01-012019-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetGainLossIncludingPortionAttributableToNoncontrollingInterestMember2019-01-012019-06-300001307954us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetPriorServiceIncludingPortionAttributableToNoncontrollingInterestMember2019-01-012019-06-300001307954us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetGainLossIncludingPortionAttributableToNoncontrollingInterestMember2019-01-012019-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:NoncontrollingInterestMember2020-04-012020-06-300001307954us-gaap:NoncontrollingInterestMember2020-04-012020-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:NoncontrollingInterestMember2020-01-012020-03-310001307954us-gaap:NoncontrollingInterestMember2020-01-012020-03-310001307954us-gaap:DiscontinuedOperationsDisposedOfBySaleMemberhun:ChemicalIntermediatesBusinessesMember2020-07-012020-07-310001307954us-gaap:DiscontinuedOperationsDisposedOfBySaleMemberhun:ChemicalIntermediatesBusinessesMember2020-01-012020-03-310001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2019-01-012019-12-310001307954us-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2019-01-012019-12-310001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2018-01-012018-12-310001307954us-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2018-01-012018-12-310001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2020-04-012020-06-300001307954us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-04-012020-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2020-01-012020-03-310001307954us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-01-012020-03-310001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2019-04-012019-06-300001307954us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-04-012019-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2019-01-012019-06-300001307954us-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2019-01-012019-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:NoncontrollingInterestMember2019-01-012019-03-310001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2019-01-012019-03-310001307954us-gaap:NoncontrollingInterestMember2019-01-012019-03-310001307954us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-01-012019-03-310001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2019-01-012019-12-310001307954us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2019-01-012019-12-310001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2018-01-012018-12-310001307954us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2018-01-012018-12-310001307954hun:HuntsmanInternationalLLCMemberus-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2020-01-012020-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2020-01-012020-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2020-01-012020-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2020-01-012020-06-300001307954us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2020-01-012020-06-300001307954us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-01-012020-06-300001307954us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2020-01-012020-06-300001307954us-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2020-01-012020-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2019-01-012019-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2019-01-012019-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2019-01-012019-06-300001307954us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2019-01-012019-06-300001307954us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-01-012019-06-300001307954us-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2019-01-012019-06-300001307954us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2020-04-012020-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:NoncontrollingInterestMember2019-04-012019-06-300001307954us-gaap:NoncontrollingInterestMember2019-04-012019-06-300001307954hun:InterestRateSixYearContract2019Memberus-gaap:DesignatedAsHedgingInstrumentMember2019-01-092019-01-090001307954us-gaap:RevolvingCreditFacilityMember2020-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:RetainedEarningsMember2020-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:NoncontrollingInterestMember2020-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2020-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:AociAttributableToNoncontrollingInterestMember2020-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2020-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2020-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2020-06-300001307954hun:HuntsmanInternationalLLCMemberhun:AccumulatedOtherComprehensiveIncomeLossUnconsolidatedAffiliatesIncludingPortionAttributableToNoncontrollingInterestMember2020-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:RetainedEarningsMember2020-03-310001307954hun:HuntsmanInternationalLLCMemberus-gaap:NoncontrollingInterestMember2020-03-310001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2020-03-310001307954hun:HuntsmanInternationalLLCMember2020-03-310001307954hun:HuntsmanInternationalLLCMemberus-gaap:RetainedEarningsMember2019-12-310001307954hun:HuntsmanInternationalLLCMemberus-gaap:NoncontrollingInterestMember2019-12-310001307954hun:HuntsmanInternationalLLCMemberus-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2019-12-310001307954hun:HuntsmanInternationalLLCMemberus-gaap:AociAttributableToNoncontrollingInterestMember2019-12-310001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2019-12-310001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2019-12-310001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2019-12-310001307954hun:HuntsmanInternationalLLCMemberhun:AccumulatedOtherComprehensiveIncomeLossUnconsolidatedAffiliatesIncludingPortionAttributableToNoncontrollingInterestMember2019-12-310001307954hun:HuntsmanInternationalLLCMemberus-gaap:RetainedEarningsMember2019-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:NoncontrollingInterestMember2019-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2019-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:AociAttributableToNoncontrollingInterestMember2019-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2019-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2019-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2019-06-300001307954hun:HuntsmanInternationalLLCMemberhun:AccumulatedOtherComprehensiveIncomeOtherNetIncludingPortionAttributableToNoncontrollingInterestMember2019-06-300001307954hun:HuntsmanInternationalLLCMemberhun:AccumulatedOtherComprehensiveIncomeLossUnconsolidatedAffiliatesIncludingPortionAttributableToNoncontrollingInterestMember2019-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:RetainedEarningsMember2019-03-310001307954hun:HuntsmanInternationalLLCMemberus-gaap:NoncontrollingInterestMember2019-03-310001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2019-03-310001307954hun:HuntsmanInternationalLLCMember2019-03-310001307954hun:HuntsmanInternationalLLCMemberus-gaap:RetainedEarningsMember2018-12-310001307954hun:HuntsmanInternationalLLCMemberus-gaap:NoncontrollingInterestMember2018-12-310001307954hun:HuntsmanInternationalLLCMemberus-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2018-12-310001307954hun:HuntsmanInternationalLLCMemberus-gaap:AociAttributableToNoncontrollingInterestMember2018-12-310001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedOtherComprehensiveIncomeMember2018-12-310001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedForeignCurrencyAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2018-12-310001307954hun:HuntsmanInternationalLLCMemberus-gaap:AccumulatedDefinedBenefitPlansAdjustmentIncludingPortionAttributableToNoncontrollingInterestMember2018-12-310001307954hun:HuntsmanInternationalLLCMemberhun:AccumulatedOtherComprehensiveIncomeOtherNetIncludingPortionAttributableToNoncontrollingInterestMember2018-12-310001307954hun:HuntsmanInternationalLLCMemberhun:AccumulatedOtherComprehensiveIncomeLossUnconsolidatedAffiliatesIncludingPortionAttributableToNoncontrollingInterestMember2018-12-310001307954hun:HuntsmanInternationalLLCMemberus-gaap:RevolvingCreditFacilityMember2020-06-300001307954us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2020-01-012020-06-300001307954us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2019-04-012019-06-300001307954us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2019-01-012019-06-300001307954hun:HuntsmanInternationalLLCMemberhun:SeniorNotesMaturingNovember2020Member2019-01-012019-03-310001307954us-gaap:FairValueMeasurementsRecurringMember2020-01-012020-06-300001307954hun:VenatorMaterialsPLCMemberhun:VenatorMaterialsPLCMember2020-04-012020-06-300001307954hun:VenatorMaterialsPLCMemberhun:VenatorMaterialsPLCMember2020-01-012020-06-300001307954hun:VenatorMaterialsPLCMemberhun:VenatorMaterialsPLCMember2019-04-012019-06-300001307954hun:VenatorMaterialsPLCMemberhun:VenatorMaterialsPLCMember2019-01-012019-06-300001307954hun:VenatorMaterialsPLCMember2020-04-012020-06-300001307954hun:VenatorMaterialsPLCMember2020-01-012020-06-300001307954hun:VenatorMaterialsPLCMember2019-04-012019-06-300001307954hun:VenatorMaterialsPLCMember2019-01-012019-06-300001307954hun:VenatorMaterialsPLCMember2018-12-310001307954us-gaap:EmployeeStockOptionMember2019-01-012019-06-300001307954us-gaap:EmployeeStockOptionMember2020-01-012020-06-300001307954hun:NonvestedSharesMember2020-01-012020-06-300001307954us-gaap:EmployeeStockOptionMember2020-06-300001307954hun:NonvestedSharesMember2020-06-300001307954us-gaap:RetainedEarningsMember2020-04-012020-06-300001307954us-gaap:RetainedEarningsMember2020-01-012020-03-310001307954us-gaap:RetainedEarningsMember2019-04-012019-06-300001307954us-gaap:RetainedEarningsMember2019-01-012019-03-310001307954us-gaap:ForeignExchangeContractMember2020-06-300001307954hun:InterestRateSixYearContract2019Memberus-gaap:DesignatedAsHedgingInstrumentMember2019-01-090001307954hun:HuntsmanInternationalLLCMemberus-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2020-04-012020-06-300001307954us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2020-04-012020-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2020-01-012020-06-300001307954us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2020-01-012020-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2019-04-012019-06-300001307954us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2019-04-012019-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2019-01-012019-06-300001307954us-gaap:OtherPostretirementBenefitPlansDefinedBenefitMember2019-01-012019-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:PensionPlansDefinedBenefitMember2020-04-012020-06-300001307954us-gaap:PensionPlansDefinedBenefitMember2020-04-012020-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:PensionPlansDefinedBenefitMember2020-01-012020-06-300001307954us-gaap:PensionPlansDefinedBenefitMember2020-01-012020-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:PensionPlansDefinedBenefitMember2019-04-012019-06-300001307954us-gaap:PensionPlansDefinedBenefitMember2019-04-012019-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:PensionPlansDefinedBenefitMember2019-01-012019-06-300001307954us-gaap:PensionPlansDefinedBenefitMember2019-01-012019-06-300001307954hun:HuntsmanInternationalLLCMemberhun:TermLoanMember2019-09-242019-09-240001307954hun:HuntsmanInternationalLLCMemberhun:SeniorNotesMaturing2029Member2020-01-012020-06-300001307954hun:HuntsmanInternationalLLCMemberhun:SeniorNotesMaturing2029Member2020-06-300001307954us-gaap:EstimateOfFairValueFairValueDisclosureMember2020-06-300001307954us-gaap:CarryingReportedAmountFairValueDisclosureMember2020-06-300001307954us-gaap:EstimateOfFairValueFairValueDisclosureMember2019-12-310001307954us-gaap:CarryingReportedAmountFairValueDisclosureMember2019-12-310001307954hun:HuntsmanInternationalLLCMemberhun:TermLoanMember2019-09-240001307954hun:HuntsmanInternationalLLCMemberhun:SeniorNotesMaturing2029Member2019-03-130001307954hun:HuntsmanInternationalLLCMemberus-gaap:RevolvingCreditFacilityMemberus-gaap:LondonInterbankOfferedRateLIBORMember2020-01-012020-06-300001307954hun:HuntsmanInternationalLLCMemberhun:UsAccountsReceivableProgramMaturingApril2022Memberhun:LondonInterbankOfferedRateOrCommercialPaperRateMember2020-01-012020-06-300001307954hun:HuntsmanInternationalLLCMemberhun:EuAccountsReceivableProgramMaturingApril2022Memberhun:GDPLiborOrUSDLiborOrEuriborMember2020-01-012020-06-300001307954hun:HuntsmanInternationalLLCMemberhun:TermLoanMemberhun:EuroInterbankOfferedRateEuriborMember2019-09-242019-09-240001307954hun:HuntsmanInternationalLLCMemberhun:TermLoanMemberhun:EuriborFloorMember2019-09-242019-09-240001307954hun:HuntsmanInternationalLLCMemberhun:LimitedLiabilityCompanyEquityMember2020-06-300001307954hun:HuntsmanInternationalLLCMemberhun:LimitedLiabilityCompanyEquityMember2020-03-310001307954hun:HuntsmanInternationalLLCMemberhun:LimitedLiabilityCompanyEquityMember2019-12-310001307954hun:HuntsmanInternationalLLCMemberhun:LimitedLiabilityCompanyEquityMember2019-06-300001307954hun:HuntsmanInternationalLLCMemberhun:LimitedLiabilityCompanyEquityMember2019-03-310001307954hun:HuntsmanInternationalLLCMemberhun:LimitedLiabilityCompanyEquityMember2018-12-310001307954us-gaap:CommonStockMember2020-06-300001307954us-gaap:CommonStockMember2020-03-310001307954us-gaap:CommonStockMember2019-12-310001307954us-gaap:CommonStockMember2019-06-300001307954us-gaap:CommonStockMember2019-03-310001307954us-gaap:CommonStockMember2018-12-310001307954hun:HuntsmanInternationalLLCMember2019-06-3000013079542019-06-300001307954hun:HuntsmanInternationalLLCMember2018-12-3100013079542018-12-310001307954hun:CvcThermosetSpecialtiesMember2020-05-180001307954hun:CvcThermosetSpecialtiesMember2020-05-182020-06-300001307954hun:IcyneneLapollaMember2020-02-202020-06-300001307954hun:IcyneneLapollaMember2020-02-202020-02-200001307954hun:IcyneneLapollaMember2020-04-012020-06-300001307954us-gaap:StockCompensationPlanMember2020-04-012020-06-300001307954us-gaap:StockCompensationPlanMember2020-01-012020-06-300001307954us-gaap:StockCompensationPlanMember2019-04-012019-06-300001307954us-gaap:StockCompensationPlanMember2019-01-012019-06-300001307954us-gaap:DeferredCompensationShareBasedPaymentsMember2020-04-012020-06-300001307954us-gaap:AdditionalPaidInCapitalMember2020-04-012020-06-300001307954us-gaap:DeferredCompensationShareBasedPaymentsMember2020-01-012020-03-310001307954us-gaap:AdditionalPaidInCapitalMember2020-01-012020-03-3100013079542020-01-012020-03-310001307954us-gaap:DeferredCompensationShareBasedPaymentsMember2019-04-012019-06-300001307954us-gaap:AdditionalPaidInCapitalMember2019-04-012019-06-300001307954us-gaap:DeferredCompensationShareBasedPaymentsMember2019-01-012019-03-310001307954us-gaap:AdditionalPaidInCapitalMember2019-01-012019-03-3100013079542019-01-012019-03-310001307954hun:HuntsmanInternationalLLCMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2020-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:VariableInterestEntityPrimaryBeneficiaryMember2019-12-310001307954hun:HuntsmanInternationalLLCMemberus-gaap:SeniorNotesMember2020-06-300001307954hun:HuntsmanInternationalLLCMemberhun:VariableInterestEntityDebtMember2020-06-300001307954hun:HuntsmanInternationalLLCMemberhun:TermLoanMember2020-06-300001307954hun:HuntsmanInternationalLLCMemberhun:OtherDebtInstrumentsMember2020-06-300001307954hun:HuntsmanInternationalLLCMemberhun:AccountsReceivableProgramsMember2020-06-300001307954us-gaap:SeniorNotesMember2020-06-300001307954hun:VariableInterestEntityDebtMember2020-06-300001307954hun:TermLoanMember2020-06-300001307954hun:OtherDebtInstrumentsMember2020-06-300001307954hun:HuntsmanInternationalLLCMember2020-06-300001307954hun:AccountsReceivableProgramsMember2020-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:SeniorNotesMember2019-12-310001307954hun:HuntsmanInternationalLLCMemberus-gaap:RevolvingCreditFacilityMember2019-12-310001307954hun:HuntsmanInternationalLLCMemberhun:VariableInterestEntityDebtMember2019-12-310001307954hun:HuntsmanInternationalLLCMemberhun:TermLoanMember2019-12-310001307954hun:HuntsmanInternationalLLCMemberhun:OtherDebtInstrumentsMember2019-12-310001307954hun:HuntsmanInternationalLLCMemberhun:AccountsReceivableProgramsMember2019-12-310001307954us-gaap:SeniorNotesMember2019-12-310001307954us-gaap:RevolvingCreditFacilityMember2019-12-310001307954hun:VariableInterestEntityDebtMember2019-12-310001307954hun:TermLoanMember2019-12-310001307954hun:OtherDebtInstrumentsMember2019-12-310001307954hun:HuntsmanInternationalLLCMember2019-12-310001307954hun:AccountsReceivableProgramsMember2019-12-3100013079542019-12-310001307954us-gaap:PerformanceSharesMember2019-01-012019-06-300001307954us-gaap:RestrictedStockUnitsRSUMember2020-01-012020-06-300001307954us-gaap:PerformanceSharesMember2020-01-012020-06-300001307954us-gaap:PerformanceSharesMember2020-06-300001307954hun:HuntsmanInternationalLLCMemberhun:SasolHuntsmanGmbHAndCoKGMember2019-09-302019-09-300001307954hun:SasolHuntsmanGmbHAndCoKGMember2019-09-302019-09-300001307954us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2020-06-300001307954us-gaap:VariableInterestEntityPrimaryBeneficiaryMember2019-12-310001307954hun:HuntsmanInternationalLLCMemberhun:UsAccountsReceivableProgramMaturingApril2022Member2020-06-300001307954hun:HuntsmanInternationalLLCMemberhun:EuAccountsReceivableProgramMaturingApril2022Member2020-06-300001307954hun:HuntsmanInternationalLLCMemberhun:UsAccountsReceivableProgramMaturingApril2022Member2020-01-030001307954hun:HuntsmanInternationalLLCMemberhun:UsAccountsReceivableProgramMaturingApril2022Member2020-01-020001307954hun:HuntsmanInternationalLLCMemberus-gaap:OperatingSegmentsMemberhun:TextileEffectsMember2020-04-012020-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:OperatingSegmentsMemberhun:PolyurethanesMember2020-04-012020-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:OperatingSegmentsMemberhun:PerformanceProductsMember2020-04-012020-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMember2020-04-012020-06-300001307954us-gaap:OperatingSegmentsMemberhun:TextileEffectsMember2020-04-012020-06-300001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMember2020-04-012020-06-300001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMember2020-04-012020-06-300001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMember2020-04-012020-06-300001307954hun:HuntsmanInternationalLLCMemberhun:CorporateAndReconcilingItemsMember2020-04-012020-06-300001307954hun:CorporateAndReconcilingItemsMember2020-04-012020-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:OperatingSegmentsMemberhun:TextileEffectsMember2020-01-012020-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:OperatingSegmentsMemberhun:PolyurethanesMember2020-01-012020-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:OperatingSegmentsMemberhun:PerformanceProductsMember2020-01-012020-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMember2020-01-012020-06-300001307954us-gaap:OperatingSegmentsMemberhun:TextileEffectsMember2020-01-012020-06-300001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMember2020-01-012020-06-300001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMember2020-01-012020-06-300001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMember2020-01-012020-06-300001307954hun:HuntsmanInternationalLLCMemberhun:CorporateAndReconcilingItemsMember2020-01-012020-06-300001307954hun:CorporateAndReconcilingItemsMember2020-01-012020-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:OperatingSegmentsMemberhun:TextileEffectsMember2019-04-012019-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:OperatingSegmentsMemberhun:PolyurethanesMember2019-04-012019-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:OperatingSegmentsMemberhun:PerformanceProductsMember2019-04-012019-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMember2019-04-012019-06-300001307954us-gaap:OperatingSegmentsMemberhun:TextileEffectsMember2019-04-012019-06-300001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMember2019-04-012019-06-300001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMember2019-04-012019-06-300001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMember2019-04-012019-06-300001307954hun:HuntsmanInternationalLLCMemberhun:CorporateAndReconcilingItemsMember2019-04-012019-06-300001307954hun:CorporateAndReconcilingItemsMember2019-04-012019-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:OperatingSegmentsMemberhun:TextileEffectsMember2019-01-012019-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:OperatingSegmentsMemberhun:PolyurethanesMember2019-01-012019-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:OperatingSegmentsMemberhun:PerformanceProductsMember2019-01-012019-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMember2019-01-012019-06-300001307954us-gaap:OperatingSegmentsMemberhun:TextileEffectsMember2019-01-012019-06-300001307954us-gaap:OperatingSegmentsMemberhun:PolyurethanesMember2019-01-012019-06-300001307954us-gaap:OperatingSegmentsMemberhun:PerformanceProductsMember2019-01-012019-06-300001307954us-gaap:OperatingSegmentsMemberhun:AdvancedMaterialsMember2019-01-012019-06-300001307954hun:HuntsmanInternationalLLCMemberhun:CorporateAndReconcilingItemsMember2019-01-012019-06-300001307954hun:CorporateAndReconcilingItemsMember2019-01-012019-06-300001307954us-gaap:NonoperatingIncomeExpenseMember2020-01-012020-06-300001307954us-gaap:NonoperatingIncomeExpenseMember2019-01-012019-06-3000013079542020-06-300001307954srt:MinimumMember2020-06-300001307954srt:MaximumMember2020-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:RetainedEarningsMember2020-04-012020-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:RetainedEarningsMember2020-01-012020-03-310001307954hun:HuntsmanInternationalLLCMemberus-gaap:RetainedEarningsMember2019-04-012019-06-300001307954hun:HuntsmanInternationalLLCMemberus-gaap:RetainedEarningsMember2019-01-012019-03-310001307954us-gaap:DiscontinuedOperationsHeldForSaleOrDisposedOfBySaleMemberhun:ChemicalIntermediatesBusinessesMember2020-04-012020-06-300001307954us-gaap:DiscontinuedOperationsHeldForSaleOrDisposedOfBySaleMemberhun:ChemicalIntermediatesBusinessesMember2020-01-012020-06-300001307954us-gaap:DiscontinuedOperationsHeldforsaleMemberhun:ChemicalIntermediatesBusinessesMember2019-04-012019-06-300001307954us-gaap:DiscontinuedOperationsHeldforsaleMemberhun:ChemicalIntermediatesBusinessesMember2019-01-012019-06-300001307954us-gaap:DiscontinuedOperationsHeldforsaleMemberhun:ChemicalIntermediatesBusinessesMember2019-12-310001307954us-gaap:DiscontinuedOperationsDisposedOfBySaleMemberhun:ChemicalIntermediatesBusinessesMember2020-01-0300013079542019-04-012019-06-300001307954hun:InterestRateSixYearContract2019Memberus-gaap:DesignatedAsHedgingInstrumentMember2019-11-012019-11-300001307954us-gaap:ForeignExchangeContractMember2020-01-012020-06-300001307954country:CH2019-01-012019-06-300001307954hun:HuntsmanInternationalLLCMemberhun:SeniorNotesMaturingNovember2020Member2019-03-272019-03-270001307954hun:HuntsmanInternationalLLCMemberhun:SeniorNotesMaturingNovember2020Member2019-03-270001307954hun:HuntsmanInternationalLLCMemberhun:LimitedLiabilityCompanyEquityMember2020-04-012020-06-300001307954hun:HuntsmanInternationalLLCMemberhun:LimitedLiabilityCompanyEquityMember2020-01-012020-03-310001307954hun:HuntsmanInternationalLLCMember2020-01-012020-03-310001307954hun:HuntsmanInternationalLLCMemberhun:LimitedLiabilityCompanyEquityMember2019-04-012019-06-300001307954hun:HuntsmanInternationalLLCMember2019-04-012019-06-300001307954hun:HuntsmanInternationalLLCMemberhun:LimitedLiabilityCompanyEquityMember2019-01-012019-03-310001307954hun:HuntsmanInternationalLLCMember2019-01-012019-03-3100013079542019-02-012019-02-280001307954srt:ScenarioForecastMemberus-gaap:DiscontinuedOperationsDisposedOfBySaleMemberhun:ChemicalIntermediatesBusinessesMember2020-07-012020-12-310001307954us-gaap:DiscontinuedOperationsDisposedOfBySaleMemberhun:ChemicalIntermediatesBusinessesMember2020-01-012020-06-300001307954hun:IcyneneLapollaMember2020-02-200001307954hun:HuntsmanInternationalLLCMember2020-04-012020-06-3000013079542020-04-012020-06-300001307954hun:HuntsmanInternationalLLCMember2019-01-012019-06-3000013079542019-01-012019-06-300001307954hun:HuntsmanInternationalLLCMemberhun:CvcThermosetSpecialtiesMember2020-04-012020-06-300001307954hun:CvcThermosetSpecialtiesMember2020-04-012020-06-300001307954hun:HuntsmanInternationalLLCMemberhun:IcyneneLapollaMember2020-01-012020-06-300001307954hun:HuntsmanInternationalLLCMemberhun:CvcThermosetSpecialtiesMember2020-01-012020-06-300001307954hun:IcyneneLapollaMember2020-01-012020-06-300001307954hun:CvcThermosetSpecialtiesMember2020-01-012020-06-300001307954hun:HuntsmanInternationalLLCMemberhun:IcyneneLapollaMember2019-04-012019-06-300001307954hun:HuntsmanInternationalLLCMemberhun:CvcThermosetSpecialtiesMember2019-04-012019-06-300001307954hun:IcyneneLapollaMember2019-04-012019-06-300001307954hun:CvcThermosetSpecialtiesMember2019-04-012019-06-300001307954hun:HuntsmanInternationalLLCMemberhun:IcyneneLapollaMember2019-01-012019-06-300001307954hun:HuntsmanInternationalLLCMemberhun:CvcThermosetSpecialtiesMember2019-01-012019-06-300001307954hun:IcyneneLapollaMember2019-01-012019-06-300001307954hun:CvcThermosetSpecialtiesMember2019-01-012019-06-300001307954hun:CvcThermosetSpecialtiesMember2020-05-182020-05-1800013079542020-07-200001307954hun:HuntsmanInternationalLLCMember2020-01-012020-06-3000013079542020-01-012020-06-30xbrli:shareshun:facilityiso4217:USDiso4217:EURhun:itemxbrli:pureiso4217:USDxbrli:shareshun:segment

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, 2020

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, 2020, 220,625,413 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.

Table of Contents

HUNTSMAN CORPORATION AND SUBSIDIARIES

HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES

QUARTERLY REPORT ON FORM 10-Q FOR THE QUARTERLY PERIOD

ENDED JUNE 30, 2020

TABLE OF CONTENTS

    

Page

PART I

FINANCIAL INFORMATION

4

ITEM 1.

Condensed Consolidated Financial Statements (Unaudited)

4

Huntsman Corporation and Subsidiaries:

Condensed Consolidated Balance Sheets

4

Condensed Consolidated Statements of Operations

5

Condensed Consolidated Statements of Comprehensive (Loss) Income

6

Condensed Consolidated Statements of Equity

7

Condensed Consolidated Statements of Cash Flows

9

Huntsman International LLC and Subsidiaries:

Condensed Consolidated Balance Sheets

11

Condensed Consolidated Statements of Operations

12

Condensed Consolidated Statements of Comprehensive (Loss) Income

13

Condensed Consolidated Statements of Equity

14

Condensed Consolidated Statements of Cash Flows

15

Huntsman Corporation and Subsidiaries and Huntsman International LLC and Subsidiaries:

Notes to Condensed Consolidated Financial Statements

17

ITEM 2.

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

44

ITEM 3.

Quantitative and Qualitative Disclosures About Market Risk

62

ITEM 4.

Controls and Procedures

62

PART II

OTHER INFORMATION

63

ITEM 1.

Legal Proceedings

63

ITEM 1A.

Risk Factors

63

ITEM 2.

Unregistered Sales of Equity Securities and Use of Proceeds

63

ITEM 6.

Exhibits

64

2

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; projected impact of COVID-19 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, 2019.

3

Table of Contents

PART I. FINANCIAL INFORMATION

ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

HUNTSMAN CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(In Millions, Except Share and Per Share Amounts)

June 30, 

December 31, 

    

2020

    

2019

ASSETS

Current assets:

Cash and cash equivalents(a)

$

1,254

$

525

Accounts and notes receivable (net of allowance for doubtful accounts of $28 and $19, respectively), ($190 and $221 pledged as collateral, respectively)(a)

828

940

Accounts receivable from affiliates

7

13

Inventories(a)

885

914

Other current assets

130

155

Current assets held for sale

1,208

Total current assets

3,104

3,755

Property, plant and equipment, net(a)

2,457

2,383

Investment in unconsolidated affiliates

427

535

Intangible assets, net(a)

408

197

Goodwill

522

276

Deferred income taxes

289

292

Notes receivable from affiliate

34

34

Operating lease right-of-use assets

419

396

Other noncurrent assets(a)

466

452

Total assets

$

8,126

$

8,320

LIABILITIES AND EQUITY

Current liabilities:

Accounts payable(a)

$

587

$

765

Accounts payable to affiliates

23

57

Accrued liabilities(a)

723

420

Current portion of debt(a)

650

212

Current operating lease liabilities(a)

44

42

Current liabilities held for sale

512

Total current liabilities

2,027

2,008

Long-term debt(a)

1,527

2,177

Deferred income taxes

40

29

Noncurrent operating lease liabilities(a)

402

384

Other noncurrent liabilities(a)

806

898

Total liabilities

4,802

5,496

Commitments and contingencies (Notes 15 and 16)

Equity

Huntsman Corporation stockholders’ equity:

Common stock $0.01 par value, 1,200,000,000 shares authorized, 258,199,600 and 257,405,496 shares issued and 219,747,021 and 224,295,868 shares outstanding, respectively

3

3

Additional paid-in capital

4,037

4,008

Treasury stock, 38,477,091 and 33,112,572 shares, respectively

(731)

(635)

Unearned stock-based compensation

(26)

(17)

Retained earnings

1,252

690

Accumulated other comprehensive loss

(1,354)

(1,362)

Total Huntsman Corporation stockholders’ equity

3,181

2,687

Noncontrolling interests in subsidiaries

143

137

Total equity

3,324

2,824

Total liabilities and equity

$

8,126

$

8,320

(a)At June 30, 2020 and December 31, 2019, respectively, $1 and nil of cash and cash equivalents, $6 and $13 of accounts and notes receivable (net), $32 and $35 of inventories, $173 and $180 of property, plant and equipment (net), $22 and $20 of other noncurrent assets, $79 and $100 of accounts payable, $13 and $10 of accrued liabilities, $47 and $36 of current portion of debt, $4 each of current operating lease liabilities, $6 and $29 of long-term debt, $13 and $11 of noncurrent operating lease liabilities and $83 and $87 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

Table of Contents

HUNTSMAN CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In Millions, Except Per Share Amounts)

Three months

Six months

    

ended

    

ended

June 30, 

June 30, 

2020

2019

2020

2019

Revenues:

Trade sales, services and fees, net

$

1,226

$

1,751

$

2,775

$

3,391

Related party sales

21

33

65

62

Total revenues

1,247

1,784

2,840

3,453

Cost of goods sold

1,085

1,411

2,381

2,721

Gross profit

162

373

459

732

Operating expenses:

Selling, general and administrative

186

185

385

392

Research and development

32

38

68

74

Restructuring, impairment and plant closing costs

19

22

1

Other operating income, net

(6)

(2)

(1)

(2)

Total operating expenses

231

221

474

465

Operating (loss) income

(69)

152

(15)

267

Interest expense, net

(21)

(29)

(39)

(59)

Equity in income of investment in unconsolidated affiliates

2

12

4

22

Fair value adjustments to Venator investment

4

(18)

(106)

58

Loss on early extinguishment of debt

(23)

Other income, net

7

4

17

9

(Loss) income from continuing operations before income taxes

(77)

121

(139)

274

Income tax benefit (expense)

13

(38)

6

(83)

(Loss) income from continuing operations

(64)

83

(133)

191

Income from discontinued operations, net of tax

5

35

782

58

Net (loss) income

(59)

118

649

249

Net income attributable to noncontrolling interests

(3)

(8)

(6)

(20)

Net (loss) income attributable to Huntsman Corporation

$

(62)

$

110

$

643

$

229

Basic (loss) income per share:

(Loss) income from continuing operations attributable to Huntsman Corporation common stockholders

$

(0.30)

$

0.33

$

(0.63)

$

0.74

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

0.02

0.15

3.53

0.25

Net (loss) income attributable to Huntsman Corporation common stockholders

$

(0.28)

$

0.48

$

2.90

$

0.99

Weighted average shares

219.7

230.6

221.4

231.9

Diluted (loss) income per share:

(Loss) income from continuing operations attributable to Huntsman Corporation common stockholders

$

(0.30)

$

0.32

$

(0.63)

$

0.73

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

0.02

0.15

3.53

0.25

Net (loss) income attributable to Huntsman Corporation common stockholders

$

(0.28)

$

0.47

$

2.90

$

0.98

Weighted average shares

219.7

232.1

221.4

233.6

Amounts attributable to Huntsman Corporation common stockholders:

(Loss) income from continuing operations

$

(67)

$

75

$

(139)

$

171

Income from discontinued operations, net of tax

5

35

782

58

Net (loss) income

$

(62)

$

110

$

643

$

229

See accompanying notes to condensed consolidated financial statements.

5

Table of Contents

HUNTSMAN CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME

(In Millions)

Three months

Six months

ended

ended

June 30, 

June 30, 

2020

    

2019

    

2020

    

2019

Net (loss) income

$

(59)

$

118

$

649

$

249

Other comprehensive income (loss), net of tax:

Foreign currency translations adjustments

17

(22)

(56)

20

Pension and other postretirement benefits adjustments

12

13

64

25

Other comprehensive income (loss), net of tax

29

(9)

8

45

Comprehensive (loss) income

(30)

109

657

294

Comprehensive income attributable to noncontrolling interests

(3)

(6)

(6)

(20)

Comprehensive (loss) income attributable to Huntsman Corporation

$

(33)

$

103

$

651

$

274

See accompanying notes to condensed consolidated financial statements.

6

Table of Contents

HUNTSMAN CORPORATION AND SUBSIDIARIES

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, 2020

224,295,868

    

$

3

    

$

4,008

    

$

(635)

    

$

(17)

    

$

690

    

$

(1,362)

    

$

137

    

$

2,824

Net income

705

3

708

Other comprehensive loss

(21)

(21)

Issuance of nonvested stock awards

18

(18)

Vesting of stock awards

943,026

4

4

Recognition of stock-based compensation

2

5

7

Repurchase and cancellation of stock awards

(283,975)

(6)

(6)

Stock options exercised

57,209

2

(2)

Treasury stock repurchased

(5,364,519)

(96)

(96)

Dividends declared on common stock ($0.1625 per share)

(37)

(37)

Balance, March 31, 2020

219,647,609

$

3

$

4,034

$

(731)

$

(30)

$

1,350

$

(1,383)

$

140

$

3,383

Net (loss) income

(62)

3

(59)

Other comprehensive income

29

29

Vesting of stock awards

8,448

Recognition of stock-based compensation

2

4