Huntsman Corporation Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Note 12 - Revenue Recognition

Note 12 - Revenue Recognition

3 Months Ended

Mar. 31, 2025

Revenue from Contract with Customer [Text Block]

12. REVENUE RECOGNITION

The following tables disaggregate our revenue from continuing operations by major source for the three months ended March 31, 2025 and 2024 (dollars in millions):

			*Performance*		*Advanced*		*Corporate and*
2025	*Polyurethanes*		*Products*		*Materials*		*eliminations*			*Total*
Primary geographic markets⁽¹⁾
U.S. and Canada	$	356	$	118	$	72	$	(3	)	$	543
Europe		215		48		92		(4	)		351
Asia Pacific		270		70		66		(1	)		405
Rest of world		71		21		19		—			111
	$	912	$	257	$	249	$	(8	)	$	1,410

Major product groupings
Diversified	$	912	$	257						$	1,169
Specialty					$	238					238
Other						11					11
Eliminations							$	(8	)		(8	)
	$	912	$	257	$	249	$	(8	)	$	1,410

			*Performance*		*Advanced*		*Corporate and*
2024	*Polyurethanes*		*Products*		*Materials*		*eliminations*			*Total*
Primary geographic markets⁽¹⁾
U.S. and Canada	$	370	$	137	$	73	$	(3	)	$	577
Europe		240		61		107		(4	)		404
Asia Pacific		243		71		62		(1	)		375
Rest of world		73		22		19		—			114
	$	926	$	291	$	261	$	(8	)	$	1,470

Major product groupings
Diversified	$	926	$	291						$	1,217
Specialty					$	246					246
Other						15					15
Eliminations							$	(8	)		(8	)
	$	926	$	291	$	261	$	(8	)	$	1,470

(1)	Geographic information for revenues is based upon countries into which product is sold.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

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