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

Annual report pursuant to Section 13 and 15(d)

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

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

12 Months Ended

Dec. 31, 2022

Notes Tables

Schedule of Restructuring Reserve by Type of Cost [Table Text Block]

						Non-cancelable				Other
		*Workforce*				*lease and contract*				*Restructuring*
		*reductions*				*termination costs*				*costs*				*Total*
Accrued liabilities as of January 1, 2020		$	8			$	4			$	2			$	14
Charges			28				2				4				34
Payments			(13	)			(6	)			(6	)			(25	)
Accrued liabilities as of December 31, 2020			23				—				—				23
Charges			17				—				5				22
Payments			(15	)			—				(4	)			(19	)
Accrued liabilities as of December 31, 2021			25				—				1				26
Charges			69				—				11				80
Payments			(18	)			—				(12	)			(30	)
Accrued liabilities as of December 31, 2022		$	76			$	—			$	—			$	76

Schedule of Restructuring Reserve By Type of Cost and Segment [Table Text Block]

						*Performance*				*Advanced*				*Corporate*
		*Polyurethanes*				*Products*				*Materials*				*and other*				*Total*
Accrued liabilities as of January 1, 2020		$	—			$	—			$	10			$	4			$	14
Charges			16				5				7				6				34
Payments			(4	)			(3	)			(8	)			(10	)			(25	)
Accrued liabilities as of December 31, 2020			12				2				9				—				23
Charges (credits)			6				2				(1	)			15				22
Payments			(9	)			(3	)			(3	)			(4	)			(19	)
Accrued liabilities as of December 31, 2021			9				1				5				11				26
Charges			28				5				8				39				80
Payments			(13	)			(1	)			(3	)			(13	)			(30	)
Accrued liabilities as of December 31, 2022		$	24			$	5			$	10			$	37			$	76

Current portion of restructuring reserves		$	24			$	5			$	10			$	33			$	72
Long-term portion of restructuring reserves			—				—				—				4				4

Schedule of Cash and Noncash Restructuring Charges By Type of Initiative [Table Text Block]

Cash charges		$	80
Noncash charges:
Gain on sale of assets			(2	)
Accelerated depreciation			6
Other noncash charges			2
Total 2022 restructuring, impairment and plant closing costs		$	86

Cash charges		$	22
Noncash charges:
Gain on sale of assets			(3	)
Accelerated depreciation			14
Other noncash charges			7
Total 2021 restructuring, impairment and plant closing costs		$	40

Cash charges		$	34
Noncash charges:
Other noncash charges			7
Total 2020 restructuring, impairment and plant closing costs		$	41