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

Note 12 - Restructuring, Impairment and Plant Closing Costs (Credits) (Tables)

12 Months Ended

Dec. 31, 2021

							*Non-cancelable*			*Other*
	*Workforce*			*Demolition and*			*lease and contract*			*restructuring*
	*reductions*			*decommissioning*			*termination costs*			*costs*			*Total*
Accrued liabilities as of January 1, 2019	$	5		$	1		$	12		$	10		$	28
2019 charges (credits) for 2018 and prior initiatives		2			(1	)		2			3			6
2019 charges for 2019 initiatives		7			—			—			1			8
2019 payments for 2018 and prior initiatives		(4	)		—			(7	)		(9	)		(20	)
2019 payments for 2019 initiatives		—			—			—			(1	)		(1	)
Reversal of reserves no longer required		(2	)		—			—			(2	)		(4	)
Accrued liabilities as of December 31, 2019		8			—			7			2			17
2020 charges for 2019 and prior initiatives		—			—			2			3			5
2020 charges for 2020 initiatives		35			—			—			3			38
2020 payments for 2019 and prior initiatives		(5	)		—			(7	)		(4	)		(16	)
2020 payments for 2020 initiatives		(10	)		—			—			(3	)		(13	)
Reversal of reserves no longer required		—			—			—			(1	)		(1	)
Foreign currency effect on liability balance		1			—			—			—			1
Accrued liabilities as of December 31, 2020		29			—			2			—			31
2021 charges for 2020 and prior initiatives		13			—			—			5			18
2021 charges for 2021 initiatives		3			—			—			—			3
2021 payments for 2020 and prior initiatives		(16	)		—			—			(4	)		(20	)
2021 payments for 2021 initiatives		(1	)		—			—			—			(1	)
Accrued liabilities as of December 31, 2021	$	28		$	—		$	2		$	1		$	31

				*Performance*			*Advanced*			*Textile*			*Corporate*
	*Polyurethanes*			*Products*			*Materials*			*Effects*			*and other*			*Total*
Accrued liabilities as of January 1, 2019	$	—		$	1		$	6		$	14		$	7		$	28
2019 charges for 2018 and prior initiatives		—			—			—			2			4			6
2019 charges for 2019 initiatives		—			—			7			—			1			8
2019 payments for 2018 and prior initiatives		—			(1	)		(2	)		(9	)		(8	)		(20	)
2019 payments for 2019 initiatives		—			—			(1	)		—			—			(1	)
Reversal of reserves no longer required		—			—			—			(4	)		—			(4	)
Accrued liabilities as of December 31, 2019		—			—			10			3			4			17
2020 charges (credits) for 2019 and prior initiatives		—			1			(1	)		1			4			5
2020 charges for 2020 initiatives		16			4			9			7			2			38
2020 payments for 2019 and prior initiatives		(1	)		—			(5	)		(2	)		(8	)		(16	)
2020 payments for 2020 initiatives		(3	)		(3	)		(3	)		(2	)		(2	)		(13	)
Reversal of reserves no longer required		—			—			(1	)		—			—			(1	)
Foreign currency effect on liability balance		—			—			—			1			—			1
Accrued liabilities as of December 31, 2020		12			2			9			8			—			31
2021 charges (credits) for 2020 and prior initiatives		6			1			(3	)		(1	)		15			18
2021 charges for 2021 initiatives		—			1			2			—			—			3
2021 payments for 2020 and prior initiatives		(9	)		(3	)		(2	)		(2	)		(4	)		(20	)
2021 payments for 2021 initiatives		—			—			(1	)		—			—			(1	)
Accrued liabilities as of December 31, 2021	$	9		$	1		$	5		$	5		$	11		$	31

Current portion of restructuring reserves	$	9		$	1		$	2		$	2		$	5		$	19
Long-term portion of restructuring reserves		—			—			3			3			6			12

Cash charges:
2021 charges for 2020 and prior initiatives	$	18
2021 charges for 2021 initiatives		3
Noncash charges:
Accelerated depreciation		14
Gain on sale of assets		(3	)
Other noncash (credits) charges		8
Total 2021 restructuring, impairment and plant closing costs	$	40

Cash charges:
2020 charges for 2019 and prior initiatives	$	5
2020 charges for 2020 initiatives		38
Reversal of reserves no longer required		(1	)
Noncash charges:
Accelerated depreciation		7
Total 2020 restructuring, impairment and plant closing costs	$	49

Cash charges:
2019 charges for 2018 and prior initiatives	$	6
2019 charges for 2019 initiatives		8
Reversal of reserves no longer required		(4	)
Noncash charges:
Gain on sale of assets		(49	)
Other noncash credits		(2	)
Total 2019 restructuring, impairment and plant closing costs	$	(41	)