Quarterly report [Sections 13 or 15(d)]

Unaudited Condensed Consolidated Statements of Operations

v3.25.1
Unaudited Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues:    
Revenues $ 1,410 [1] $ 1,470
Cost of goods sold 1,209 1,269
Gross profit 201 201
Operating expenses:    
Selling, general and administrative 166 176
Research and development 32 31
Restructuring, impairment and plant closing costs 1 11
Gain on acquisition of assets, net (5) (52)
Prepaid asset write-off 0 71
Income associated with litigation matter, net (33) 0
Other operating (income) expense, net (2) 2
Total operating expenses 159 239
Operating income (loss) 42 (38)
Interest expense, net (19) (19)
Equity in income of investment in unconsolidated affiliates 1 19
Other Nonoperating Income (Expense) 3 2
Income (loss) from continuing operations before income taxes 27 (36)
Income tax (expense) benefit (15) 20
Income (loss) from continuing operations 12 (16)
Loss from discontinued operations, net of tax (1) (7)
Net income (loss) 11 (23)
Net income attributable to noncontrolling interests (16) (14)
Net loss attributable to Huntsman Corporation $ (5) $ (37)
Basic loss per share:    
Loss from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share) $ (0.02) $ (0.18)
Loss from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax (in dollars per share) (0.01) (0.04)
Net loss attributable to Huntsman Corporation common stockholders (in dollars per share) $ (0.03) $ (0.22)
Weighted average shares (in shares) 172.4 171.8
Diluted loss per share:    
Loss from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share) $ (0.02) $ (0.18)
Loss from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax (in dollars per share) (0.01) (0.04)
Net loss attributable to Huntsman Corporation common stockholders (in dollars per share) $ (0.03) $ (0.22)
Weighted average shares (in shares) 172.4 171.8
Amounts attributable to Huntsman Corporation:    
Loss from continuing operations $ (4) $ (30)
Loss from discontinued operations, net of tax (1) (7)
Net loss (5) (37)
Huntsman International LLC [Member]    
Revenues:    
Revenues 1,410 1,470
Cost of goods sold 1,209 1,269
Gross profit 201 201
Operating expenses:    
Selling, general and administrative 164 174
Research and development 32 31
Restructuring, impairment and plant closing costs 1 11
Gain on acquisition of assets, net (5) (52)
Prepaid asset write-off 0 71
Income associated with litigation matter, net (33) 0
Other operating (income) expense, net (2) 2
Total operating expenses 157 237
Operating income (loss) 44 (36)
Interest expense, net (19) (19)
Equity in income of investment in unconsolidated affiliates 1 19
Other Nonoperating Income (Expense) 3 2
Income (loss) from continuing operations before income taxes 29 (34)
Income tax (expense) benefit (17) 20
Income (loss) from continuing operations 12 (14)
Loss from discontinued operations, net of tax (1) (7)
Net income (loss) 11 (21)
Net income attributable to noncontrolling interests (16) (14)
Net loss attributable to Huntsman Corporation (5) (35)
Amounts attributable to Huntsman Corporation:    
Loss from continuing operations (4) (28)
Loss from discontinued operations, net of tax (1) (7)
Net loss (5) (35)
Third Party Customers [Member]    
Revenues:    
Revenues 1,374 1,436
Third Party Customers [Member] | Huntsman International LLC [Member]    
Revenues:    
Revenues 1,374 1,436
Related Party Customers [Member]    
Revenues:    
Revenues 36 34
Related Party Customers [Member] | Huntsman International LLC [Member]    
Revenues:    
Revenues $ 36 $ 34
[1] Geographic information for revenues is based upon countries into which product is sold.