Quarterly report pursuant to Section 13 or 15(d)

Note 14 - Accumulated Other Comprehensive Loss (Tables)

v3.21.2
Note 14 - Accumulated Other Comprehensive Loss (Tables)
9 Months Ended
Sep. 30, 2021
Notes Tables  
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
           

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

   

Corporation

 

Beginning balance, January 1, 2021

  $ (328 )   $ (1,050 )   $ 8     $ 4     $ (1,366 )   $ 20     $ (1,346 )

Other comprehensive loss before reclassifications, gross

    (42 )                       (42 )     (2 )     (44 )

Tax expense

                                         

Amounts reclassified from accumulated other comprehensive loss, gross(c)

          65                   65             65  

Tax expense

          (13 )                 (13 )           (13 )

Net current-period other comprehensive (loss) income

    (42 )     52                   10       (2 )     8  

Ending balance, September 30, 2021

  $ (370 )   $ (998 )   $ 8     $ 4     $ (1,356 )   $ 18     $ (1,338 )
           

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

   

Corporation

 

Beginning balance, January 1, 2020

  $ (369 )   $ (1,031 )   $ 8     $ 4     $ (1,388 )   $ 26     $ (1,362 )

Other comprehensive (loss) income before reclassifications, gross

    (42 )     8                   (34 )     (3 )     (37 )

Tax expense

          (2 )                 (2 )           (2 )

Amounts reclassified from accumulated other comprehensive loss, gross(c)

          93                   93             93  

Tax expense

          (21 )                 (21 )           (21 )

Net current-period other comprehensive (loss) income

    (42 )     78                   36       (3 )     33  

Ending balance, September 30, 2020

  $ (411 )   $ (953 )   $ 8     $ 4     $ (1,352 )   $ 23     $ (1,329 )
           

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, 2021

  $ (333 )   $ (1,028 )   $ 8     $     $ (1,353 )   $ 20     $ (1,333 )

Other comprehensive loss before reclassifications, gross

    (42 )                       (42 )     (2 )     (44 )

Tax expense

                                         

Amounts reclassified from accumulated other comprehensive loss, gross(c)

          67                   67             67  

Tax expense

          (14 )                 (14 )           (14 )

Net current-period other comprehensive (loss) income

    (42 )     53                   11       (2 )     9  

Ending balance, September 30, 2021

  $ (375 )   $ (975 )   $ 8     $     $ (1,342 )   $ 18     $ (1,324 )
           

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 (loss) income before reclassifications, gross

    (42 )     8                   (34 )     (3 )     (37 )

Tax expense

          (2 )                 (2 )           (2 )

Amounts reclassified from accumulated other comprehensive loss, gross(c)

          95                   95             95  

Tax expense

          (21 )                 (21 )           (21 )

Net current-period other comprehensive (loss) income

    (42 )     80                   38       (3 )     35  

Ending balance, September 30, 2020

  $ (416 )   $ (932 )   $ 8     $     $ (1,340 )   $ 23     $ (1,317 )
Huntsman International LLC [Member]  
Notes Tables  
Reclassification out of Accumulated Other Comprehensive Income [Table Text Block]
   

Three Months Ended September 30,

     
   

2021

   

2020

     
   

Amounts reclassified

   

Amounts reclassified

   

Affected line item in

   

from accumulated

   

from accumulated

   

the statement

Details about Accumulated Other

 

other

   

other

   

where net income

Comprehensive Loss Components(a):

  comprehensive loss     comprehensive loss    

is presented

Amortization of pension and other postretirement benefits:

                   

Prior service credit

  $ (3 )   $ (3 )  

(b)

Actuarial loss

    23       21    

(b)(d)

      20       18    

Total before tax

      (3 )     (4 )  

Income tax expense

Total reclassifications for the period

  $ 17     $ 14    

Net of tax

   

Nine Months Ended September 30,

     
   

2021

   

2020

     
   

Amounts reclassified

   

Amounts reclassified

   

Affected line item in

   

from accumulated

   

from accumulated

   

the statement

Details about Accumulated Other

 

other

   

other

   

where net income

Comprehensive Loss Components(a):

 

comprehensive loss

   

comprehensive loss

   

is presented

Amortization of pension and other postretirement benefits:

                   

Prior service credit

  $ (8 )   $ (9 )  

(b)

Settlement loss

    3       41    

(c)

Actuarial loss

    70       61    

(b)(d)

      65       93    

Total before tax

      (13 )     (21 )  

Income tax expense

Total reclassifications for the period

  $ 52     $ 72    

Net of tax

   

Three Months Ended September 30,

     
   

2021

   

2020

     
   

Amounts reclassified

   

Amounts reclassified

   

Affected line item in

   

from accumulated

   

from accumulated

   

the statement

Details about Accumulated Other

 

other

   

other

   

where net income

Comprehensive Loss Components(a):

  comprehensive loss     comprehensive loss    

is presented

Amortization of pension and other postretirement benefits:

                   

Prior service credit

  $ (3 )   $ (3 )  

(b)

Actuarial loss

    24       22    

(b)(d)

      21       19    

Total before tax

      (4 )     (4 )  

Income tax expense

Total reclassifications for the period

  $ 17     $ 15    

Net of tax

   

Nine Months Ended September 30,

     
   

2021

   

2020

     
   

Amounts reclassified

   

Amounts reclassified

   

Affected line item in

   

from accumulated

   

from accumulated

   

the statement

Details about Accumulated Other

 

other

   

other

   

where net income

Comprehensive Loss Components(a):

 

comprehensive loss

   

comprehensive loss

   

is presented

Amortization of pension and other postretirement benefits:

                   

Prior service credit

  $ (8 )   $ (9 )  

(b)

Settlement loss

    3       41    

(c)

Actuarial loss

    72       63    

(b)(d)

      67       95    

Total before tax

      (14 )     (21 )  

Income tax expense

Total reclassifications for the period

  $ 53     $ 74    

Net of tax