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

Annual report pursuant to Section 13 and 15(d)

Note 24 - Accumulated Other Comprehensive (Loss) Income (Tables)

Note 24 - Accumulated Other Comprehensive (Loss) Income (Tables)

12 Months Ended

Dec. 31, 2021

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, 2021		$	(328	)		$	(1,050	)		$	8			$	4			$	(1,366	)		$	20			$	(1,346	)
Other comprehensive loss before reclassifications, gross			(91	)			229				—				2				140				(7	)			133
Tax benefit			(1	)			(54	)			—				—				(55	)			—				(55	)
Amounts reclassified from accumulated other comprehensive loss, gross(c)			—				83				—				—				83				—				83
Tax expense			—				(18	)			—				—				(18	)			—				(18	)
Net current-period other comprehensive (loss) income			(92	)			240				—				2				150				(7	)			143
Ending balance, December 31, 2021		$	(420	)		$	(810	)		$	8			$	6			$	(1,216	)		$	13			$	(1,203	)

						*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*				*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 income (loss) before reclassifications, gross			(90	)			229				—				2				141				(7	)			134
Tax benefit			(1	)			(56	)			—				—				(57	)			—				(57	)
Amounts reclassified from accumulated other comprehensive loss, gross(c)			—				86				—				—				86				—				86
Tax expense			—				(17	)			—				—				(17	)			—				(17	)
Net current-period other comprehensive (loss) income			(91	)			242				—				2				153				(7	)			146
Ending balance, December 31, 2021		$	(424	)		$	(786	)		$	8			$	2			$	(1,200	)		$	13			$	(1,187	)

						*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	)

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):		*2021*				*2020*				*2019*				*is presented*
Amortization of pension and other postretirement benefits:
Prior service credit		$	(12	)		$	(12	)		$	(11	)	(b)(d)	Other income, net
Settlement loss			3				43				1		(b)(c)	Other income, net
Curtailment gain			—				(2	)			—		(c)	Other income, net
Actuarial loss			92				82				72		(b)(d)	Other income, net
			83				111				62			Total before tax
			(18	)			(25	)			(12	)		Income tax expense
Total reclassifications for the period		$	65			$	86			$	50			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):		*2021*				*2020*				*2019*				*is presented*
Amortization of pension and other postretirement benefits:
Prior service credit		$	(12	)		$	(12	)		$	(11	)	(b)(d)	Other income, net
Settlement loss			3				43				1		(b)(c)	Other income, net
Curtailment gain			—				(2	)			—		(c)	Other income, net
Actuarial loss			95				86				75		(b)(d)	Other income, net
			86				115				65			Total before tax
			(17	)			(26	)			(12	)		Income tax expense
Total reclassifications for the period		$	69			$	89			$	53			Net of tax