Annual report pursuant to Section 13 and 15(d)

Schedule I - Condensed Financial Information of Registrant (Tables)

v3.24.0.1
Schedule I - Condensed Financial Information of Registrant (Tables)
12 Months Ended
Dec. 31, 2023
Notes Tables  
Condensed Balance Sheet [Table Text Block]
   

December 31,

 
   

2023

   

2022

 

ASSETS

               

Investment in and advances to affiliates

  $ 3,261     $ 3,631  

Total assets

  $ 3,261     $ 3,631  
                 

LIABILITIES AND STOCKHOLDERS’ EQUITY

               

Current liabilities:

               

Accounts payable

  $ 1     $  

Accrued liabilities

    5       2  

Total current liabilities

    6       2  

Other noncurrent liabilities

    4       5  

Total liabilities

    10       7  

STOCKHOLDERS’ EQUITY

               

Common stock $0.01 par value, 1,200,000,000 shares authorized, 262,190,459 and 261,148,217 shares issued and 171,583,331 and 183,634,464 shares outstanding, respectively

    3       3  

Additional paid-in capital

    4,202       4,156  

Treasury stock, 90,607,128 and 77,513,753 shares, respectively

    (2,290 )     (1,937 )

Unearned stock-based compensation

    (41 )     (35 )

Retained earnings

    2,622       2,705  

Accumulated other comprehensive loss

    (1,245 )     (1,268 )

Total stockholders’ equity

    3,251       3,624  

Total liabilities and stockholders’ equity

  $ 3,261     $ 3,631  
Condensed Income Statement [Table Text Block]
   

Year ended December 31,

 
   

2023

   

2022

   

2021

 

Selling, general and administrative expenses

  $ (3 )   $ (4 )   $ (7 )

Equity in (loss) income of subsidiaries

    (68 )     295       891  

Dividend income—affiliate

    172       169       158  

Other income

                3  

Net income

  $ 101     $ 460     $ 1,045  
Condensed Statement of Comprehensive Income [Table Text Block]
   

Year ended December 31,

 
   

2023

   

2022

   

2021

 

Net income

  $ 101     $ 460     $ 1,045  

Other comprehensive income (loss), net of tax:

                       

Foreign currency translations adjustments

    34       (228 )     (92 )

Pension and other postretirement benefits adjustments

    (4 )     158       240  

Other, net

    42       56       61  

Other comprehensive income (loss), net of tax

    72       (14 )     209  

Comprehensive income

    173       446       1,254  

Comprehensive income attributable to noncontrolling interests

    (49 )     (51 )     (66 )

Comprehensive income attributable to Huntsman Corporation

  $ 124     $ 395     $ 1,188  
Condensed Statement of Stockholders' Equity [Table Text Block]
   

Huntsman Corporation Stockholders’ Equity

         
                                                 

Accumulated

         
   

Shares

           

Additional

           

Unearned

         

other

         
   

Common

   

Common

   

paid-in

   

Treasury

   

stock-based

   

Retained

   

comprehensive

   

Total

 
   

stock

   

stock

   

capital

   

stock

   

compensation

   

earnings

   

loss

   

equity

 

Beginning balance, January 1, 2021

    220,046,262     $ 3     $ 4,048     $ (731 )   $ (19 )   $ 1,564     $ (1,346 )   $ 3,519  

Net income

                                  1,045             1,045  

Other comprehensive income

                                        143       143  

Issuance of nonvested stock awards

                26             (26 )                  

Vesting of stock awards

    678,400             5                               5  

Recognition of stock-based compensation

                6             20                   26  

Repurchase and cancellation of stock awards

    (238,339 )                             (7 )           (7 )

Stock options exercised

    738,362             17                   (7 )           10  

Treasury stock repurchased

    (7,054,398 )                 (203 )                       (203 )

Dividends declared on common stock

                                  (160 )           (160 )

Balance, December 31, 2021

    214,170,287       3       4,102       (934 )     (25 )     2,435       (1,203 )     4,378  

Net income

                                  460             460  

Other comprehensive loss

                                        (65 )     (65 )

Issuance of nonvested stock awards

                32             (32 )                  

Vesting of stock awards

    1,341,787             7                               7  

Recognition of stock-based compensation

                3             22                   25  

Repurchase and cancellation of stock awards

    (366,199 )                             (14 )           (14 )

Stock options exercised

    470,853             12                   (6 )           6  

Treasury stock repurchased

    (31,982,264 )                 (1,003 )                       (1,003 )

Dividends declared on common stock

                                  (170 )           (170 )

Balance, December 31, 2022

    183,634,464       3       4,156       (1,937 )     (35 )     2,705       (1,268 )     3,624  

Net income

                                  101             101  

Other comprehensive income

                                        23       23  

Issuance of nonvested stock awards

                32             (32 )                  

Vesting of stock awards

    1,028,971             5                               5  

Recognition of stock-based compensation

                1             26                   27  

Repurchase and cancellation of stock awards

    (307,093 )                             (10 )           (10 )

Stock options exercised

    320,364             9                   (4 )           5  

Treasury stock repurchased

    (13,093,375 )                 (353 )                       (353 )

Dividends declared on common stock

                                  (170 )           (170 )

Acquisition of noncontrolling interests, net of tax

                (1 )                             (1 )

Balance, December 31, 2023

    171,583,331     $ 3     $ 4,202     $ (2,290 )   $ (41 )   $ 2,622     $ (1,245 )   $ 3,251  
Condensed Cash Flow Statement [Table Text Block]
   

Year ended December 31,

 
   

2023

   

2022

   

2021

 

Operating activities:

                       

Net income

  $ 101     $ 460     $ 1,045  

Equity in loss (income) of subsidiaries

    68       (295 )     (891 )

Stock-based compensation

    1       2       1  

Changes in operating assets and liabilities

          (2 )     (2 )

Net cash provided by operating activities

    170       165       153  
                         

Investing activities:

                       

Net cash provided by investing activities

                 
                         

Financing activities:

                       

Dividends paid to common stockholders

    (169 )     (171 )     (159 )

Repurchase and cancellation of stock awards

    (10 )     (14 )     (7 )

Proceeds from issuance of common stock

    5       6       10  

Repurchase of common stock

    (349 )     (1,005 )     (200 )

Increase in payable to affiliates

    352       1,017       203  

Other, net

    1              

Net cash used in financing activities

    (170 )     (167 )     (153 )

Decrease in cash and cash equivalents

          (2 )      

Cash and cash equivalents at beginning of period

          2       2  

Cash and cash equivalents at end of period

  $     $     $ 2