Huntsman Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 13 - Accumulated Other Comprehensive Loss (Tables)

Note 13 - Accumulated Other Comprehensive Loss (Tables)

6 Months Ended

Jun. 30, 2023

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*
		*adjustments(a)*				*adjustments(b)*				*affiliates*				*Other, net*				*Total*				*interests*				*Corporation*
Beginning balance, January 1, 2023		$	(648	)		$	(652	)		$	2			$	5			$	(1,293	)		$	25			$	(1,268	)
Other comprehensive loss before reclassifications, gross			(20	)			(24	)			—				—				(44	)			6				(38	)
Tax impact			—				2				—				—				2				—				2
Amounts reclassified from accumulated other comprehensive loss, gross(c)			28				77				—				—				105				—				105
Tax impact			(1	)			25				—				—				24				—				24
Net current-period other comprehensive income			7				80				—				—				87				6				93
Ending balance, June 30, 2023		$	(641	)		$	(572	)		$	2			$	5			$	(1,206	)		$	31			$	(1,175	)

						*Pension*				*Other*
		*Foreign*				*and other*				*comprehensive*												*Amounts*				*Amounts*
		*currency*				*postretirement*				*income of*												*attributable to*				*attributable to*
		*translation*				*benefits*				*unconsolidated*												*noncontrolling*				*Huntsman*
		*adjustments(a)*				*adjustments(b)*				*affiliates*				*Other, net*				*Total*				*interests*				*Corporation*
Beginning balance, January 1, 2022		$	(420	)		$	(810	)		$	8			$	6			$	(1,216	)		$	13			$	(1,203	)
Other comprehensive loss before reclassifications, gross			(134	)			—				—				(1	)			(135	)			8				(127	)
Tax impact			—				—				—				—				—				—				—
Amounts reclassified from accumulated other comprehensive loss, gross(c)			—				24				—				—				24				—				24
Tax impact			—				(6	)			—				—				(6	)			—				(6	)
Net current-period other comprehensive (loss) income			(134	)			18				—				(1	)			(117	)			8				(109	)
Ending balance, June 30, 2022		$	(554	)		$	(792	)		$	8			$	5			$	(1,333	)		$	21			$	(1,312	)

						*Pension*				*Other*
		*Foreign*				*and other*				*comprehensive*												*Amounts*				*Amounts*
		*currency*				*postretirement*				*income of*												*attributable to*				*attributable to*
		*translation*				*benefits*				*unconsolidated*												*noncontrolling*				*Huntsman*
		*adjustments(a)*				*adjustments(b)*				*affiliates*				*Other, net*				*Total*				*interests*				*International*
Beginning balance, January 1, 2023		$	(653	)		$	(628	)		$	2			$	1			$	(1,278	)		$	25			$	(1,253	)
Other comprehensive loss before reclassifications, gross			(20	)			(24	)			—				—				(44	)			6				(38	)
Tax impact			—				2				—				—				2				—				2
Amounts reclassified from accumulated other comprehensive loss, gross(c)			28				77				—				—				105				—				105
Tax impact			(1	)			25				—				—				24				—				24
Net current-period other comprehensive income			7				80				—				—				87				6				93
Ending balance, June 30, 2023		$	(646	)		$	(548	)		$	2			$	1			$	(1,191	)		$	31			$	(1,160	)

						*Pension*				*Other*
		*Foreign*				*and other*				*comprehensive*												*Amounts*				*Amounts*
		*currency*				*postretirement*				*income of*												*attributable to*				*attributable to*
		*translation*				*benefits*				*unconsolidated*												*noncontrolling*				*Huntsman*
		*adjustments(a)*				*adjustments(b)*				*affiliates*				*Other, net*				*Total*				*interests*				*International*
Beginning balance, January 1, 2022		$	(424	)		$	(786	)		$	8			$	2			$	(1,200	)		$	13			$	(1,187	)
Other comprehensive loss before reclassifications, gross			(135	)			—				—				(1	)			(136	)			8				(128	)
Tax impact			—				—				—				—				—				—				—
Amounts reclassified from accumulated other comprehensive loss, gross(c)			—				24				—				—				24				—				24
Tax impact			—				(6	)			—				—				(6	)			—				(6	)
Net current-period other comprehensive (loss) income			(135	)			18				—				(1	)			(118	)			8				(110	)
Ending balance, June 30, 2022		$	(559	)		$	(768	)		$	8			$	1			$	(1,318	)		$	21			$	(1,297	)

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

		*Three Months Ended June 30,*
		*2023*				*2022*
		*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)(c)	Other income, net
Actuarial loss			8				14		(b)(c)	Other income, net
			5				11			Total before tax
			1				(2	)		Income tax expense
Total reclassifications for the period		$	6			$	9			Net of tax

		*Six Months Ended June 30,*
		*2023*				*2022*
		*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		$	(5	)		$	(5	)	(b)(c)	Other income, net
Actuarial loss			16				29		(b)(c)	Other income, net
Curtailment gains			(1	)			—		(d)	Other income, net
Settlement losses			67				—		(d)	Other income, net
			77				24			Total before tax
			25				(6	)		Income tax expense
Total reclassifications for the period		$	102			$	18			Net of tax

		*Three Months Ended June 30,*
		*2023*				*2022*
		*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)(c)	Other income, net
Actuarial loss			8				14		(b)(c)	Other income, net
			5				11			Total before tax
			1				(2	)		Income tax expense
Total reclassifications for the period		$	6			$	9			Net of tax

		*Six Months Ended June 30,*
		*2023*				*2022*
		*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		$	(5	)		$	(5	)	(b)(c)	Other income, net
Actuarial loss			16				29		(b)(c)	Other income, net
Curtailment gains			(1	)			—		(d)	Other income, net
Settlement losses			67				—		(d)	Other income, net
			77				24			Total before tax
			25				(6	)		Income tax expense
Total reclassifications for the period		$	102			$	18			Net of tax