Huntsman Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Note 25 - Other Comprehensive (Loss) Income (Tables)

Note 25 - Other Comprehensive (Loss) Income (Tables)

12 Months Ended

Dec. 31, 2020

Notes Tables

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

						*Pension and*				*Other*
		*Foreign*				*other*				*comprehensive*												*Amounts*				*Amounts*
		*currency*				*postretirement*				*income of*												*attributable to*				*attributable to*
		*translation*				*benefits*				*unconsolidated*												*noncontrolling*				*Huntsman*
		*adjustment(a)*				*adjustments(b)*				*affiliates*				*Other, net*				*Total*				*interests*				*Corporation*
Beginning balance, January 1, 2020		$	(369	)		$	(1,031	)		$	8			$	4			$	(1,388	)		$	26			$	(1,362	)
Other comprehensive income (loss) before reclassifications, gross			29				(135	)			—				—				(106	)			(6	)			(112	)
Tax benefit			12				30				—				—				42				—				42
Amounts reclassified from accumulated other comprehensive loss, gross(c)			—				111				—				—				111				—				111
Tax expense			—				(25	)			—				—				(25	)			—				(25	)
Net current-period other comprehensive income (loss)			41				(19	)			—				—				22				(6	)			16
Ending balance, December 31, 2020		$	(328	)		$	(1,050	)		$	8			$	4			$	(1,366	)		$	20			$	(1,346	)

						*Pension and*				*Other*
		*Foreign*				*other*				*comprehensive*												*Amounts*				*Amounts*
		*currency*				*postretirement*				*income of*												*attributable to*				*attributable to*
		*translation*				*benefits*				*unconsolidated*												*noncontrolling*				*Huntsman*
		*adjustment(a)*				*adjustments(b)*				*affiliates*				*Other, net*				*Total*				*interests*				*Corporation*
Beginning balance, January 1, 2019		$	(371	)		$	(994	)		$	8			$	5			$	(1,352	)		$	36			$	(1,316	)
Other comprehensive (loss) income before reclassifications, gross			—				(112	)			—				(1	)			(113	)			5				(108	)
Tax benefit			2				25				—				—				27				—				27
Amounts reclassified from accumulated other comprehensive loss, gross(c)			—				62				—				—				62				—				62
Tax expense			—				(12	)			—				—				(12	)			—				(12	)
Net current-period other comprehensive (loss) income			2				(37	)			—				(1	)			(36	)			5				(31	)
Acquisition of noncontrolling interest			—				—				—				—				—				(15	)			(15	)
Ending balance, December 31, 2019		$	(369	)		$	(1,031	)		$	8			$	4			$	(1,388	)		$	26			$	(1,362	)

						*Pension*				*Other*
		*Foreign*				*and other*				*comprehensive*												*Amounts*				*Amounts*
		*currency*				*postretirement*				*income of*												*attributable to*				*attributable to*
		*translation*				*benefits*				*unconsolidated*												*noncontrolling*				*Huntsman*
		*adjustment(a)*				*adjustments(b)*				*affiliates*				*Other, net*				*Total*				*interests*				*International*
Beginning balance, January 1, 2020		$	(374	)		$	(1,012	)		$	8			$	—			$	(1,378	)		$	26			$	(1,352	)
Other comprehensive income (loss) before reclassifications, gross			29				(135	)			—				—				(106	)			(6	)			(112	)
Tax benefit			12				30				—				—				42				—				42
Amounts reclassified from accumulated other comprehensive loss, gross(c)			—				115				—				—				115				—				115
Tax expense			—				(26	)			—				—				(26	)			—				(26	)
Net current-period other comprehensive (loss) income			41				(16	)			—				—				25				(6	)			19
Ending balance, December 31, 2020		$	(333	)		$	(1,028	)		$	8			$	—			$	(1,353	)		$	20			$	(1,333	)

						*Pension*				*Other*
		*Foreign*				*and other*				*comprehensive*												*Amounts*				*Amounts*
		*currency*				*postretirement*				*income of*												*attributable to*				*attributable to*
		*translation*				*benefits*				*unconsolidated*												*noncontrolling*				*Huntsman*
		*adjustment(a)*				*adjustments(b)*				*affiliates*				*Other, net*				*Total*				*interests*				*International*
Beginning balance, January 1, 2019		$	(376	)		$	(977	)		$	8			$	1			$	(1,344	)		$	36			$	(1,308	)
Other comprehensive (loss) income before reclassifications, gross			—				(113	)			—				(1	)			(114	)			5				(109	)
Tax benefit			2				25				—				—				27				—				27
Amounts reclassified from accumulated other comprehensive loss, gross(c)			—				65				—				—				65				—				65
Tax expense			—				(12	)			—				—				(12	)			—				(12	)
Net current-period other comprehensive (loss) income			2				(35	)			—				(1	)			(34	)			5				(29	)
Acquisition of noncontrolling interest			—				—				—				—				—				(15	)			(15	)
Ending balance, December 31, 2019		$	(374	)		$	(1,012	)		$	8			$	—			$	(1,378	)		$	26			$	(1,352	)

Huntsman International LLC [Member]

Notes Tables

Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]

		*Amounts reclassified*
		*from accumulated*
		*other*
		*comprehensive loss*												*Affected line item in*
Details about Accumulated Other		*Year ended December 31,*												*where net income*
Comprehensive Loss Components(a):		*2020*				*2019*				*2018*				*is presented*
Amortization of pension and other postretirement benefits:
Prior service credit		$	(12	)		$	(11	)		$	(12	)		(b)
Settlement loss			43				1				2
Curtailment gain			(2	)			—				—
Actuarial loss			82				72				87			(b)(c)
			111				62				77			Total before tax
			(25	)			(12	)			(13	)		Income tax expense
Total reclassifications for the period		$	86			$	50			$	64			Net of tax

		*Amounts reclassified*
		*from accumulated*
		*other*
		*comprehensive loss*												*Affected line item in*
Details about Accumulated Other		*Year ended December 31,*												*where net income*
Comprehensive Loss Components(a):		*2020*				*2019*				*2018*				*is presented*
Amortization of pension and other postretirement benefits:
Prior service credit		$	(12	)		$	(11	)		$	(12	)		(b)
Settlement loss			43				1				2			(c)
Curtailment gain			(2	)			—				—			(c)
Actuarial loss			86				75				90			(b)(c)
			115				65				80			Total before tax
			(26	)			(12	)			(14	)		Income tax expense
Total reclassifications for the period		$	89			$	53			$	66			Net of tax