Huntsman Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- GENERAL (Policies)
Notes Tables
Notes Details

LEASES (Tables)

v3.19.3

LEASES (Tables)

9 Months Ended

Sep. 30, 2019

LEASES

Schedule of components of operating lease expense, cash flows and supplemental noncash information

The components of operating lease expense, cash flows and supplemental noncash information from continuing operations are as follows (dollars in millions):


	Three months		Nine months
	ended		ended
	September 30, 2019		September 30, 2019
Operating lease expense:
Cost of goods sold	$	8	$	27
Selling, general and administrative		5		10
Research and development		1		4
Total operating lease expense(1)	$	14	$	41

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	15	$	39

Supplemental noncash information:
Leased assets obtained in exchange for new operating lease liabilities	$	1	$	387

(1)	Total operating lease expense includes short-term lease expense of approximately nil and $1 million for the three and nine months ended September 30, 2019, respectively.

Schedule of lease term and discount rate

The weighted-average lease term and discount rate for our operating leases from continuing operations are as follows:


Weighted-average remaining lease term	11 years
Weighted-average discount rate	4.3%

Schedule of undiscounted cash flows of operating lease liabilities

The undiscounted cash flows of operating lease liabilities from continuing operations as of September 30, 2019 are as follows (dollars in millions):


Year ending December 31,
2019 (excluding the nine months ended September 30, 2019)	$	12
2020		51
2021		51
2022		45
2023		42
Thereafter		284
Total lease payments		485
Less imputed interest		(99)
Total	$	386

Schedule of future minimum lease payments under operating leases

Future minimum lease payments under operating leases from continuing operations as of December 31, 2018 are as follows (dollars in millions):


Year ending December 31,
2019	$	37
2020		33
2021		36
2022		34
2023		32
Thereafter		224
	$	396

- Definition

The tabular disclosure of lease quantitative information.

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Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

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Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

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Tabular disclosure for lessee's operating leases. Includes, but is not limited to, description of lessee's operating lease, existence and terms of renewal or purchase options and escalation clauses, restrictions imposed by lease, such as those concerning dividends, additional debt, and further leasing, rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions.

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