| Comprehensive Income (Loss) Note [Text Block] |
15. ACCUMULATED OTHER COMPREHENSIVE LOSS
The components of other comprehensive income (loss) and changes in accumulated other comprehensive loss by component were as follows (dollars in millions):
Huntsman Corporation
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Pension |
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Foreign |
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and other |
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Amounts |
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Amounts |
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currency |
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postretirement |
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attributable to |
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attributable to |
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translation |
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benefits |
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noncontrolling |
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Huntsman |
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|
adjustments(1) |
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adjustments(2) |
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Other, net |
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Total |
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|
interests |
|
|
Corporation |
|
| Beginning balance, January 1, 2025 |
|
$ |
(675 |
) |
|
$ |
(552 |
) |
|
$ |
— |
|
|
$ |
(1,227 |
) |
|
$ |
27 |
|
|
$ |
(1,200 |
) |
| Other comprehensive income (loss) before reclassifications, gross |
|
|
32 |
|
|
|
(12 |
) |
|
|
6 |
|
|
|
26 |
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|
|
— |
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|
|
26 |
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| Tax impact |
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|
3 |
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|
|
— |
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|
|
— |
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|
3 |
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|
— |
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|
3 |
|
| Amounts reclassified from accumulated other comprehensive loss, gross(3) |
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|
— |
|
|
|
4 |
|
|
|
— |
|
|
|
4 |
|
|
|
— |
|
|
|
4 |
|
| Tax impact |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Net current-period other comprehensive income (loss) |
|
|
35 |
|
|
|
(8 |
) |
|
|
6 |
|
|
|
33 |
|
|
|
— |
|
|
|
33 |
|
| Ending balance, March 31, 2025 |
|
$ |
(640 |
) |
|
$ |
(560 |
) |
|
$ |
6 |
|
|
$ |
(1,194 |
) |
|
$ |
27 |
|
|
$ |
(1,167 |
) |
| (1) |
Amounts are net of tax of $57 million and $60 million as of March 31, 2025 and January 1, 2025, respectively. |
| (2) |
Amounts are net of tax of $61 million as of both March 31, 2025 and January 1, 2025. |
| (3) |
See tables below for details about pension and other postretirement benefits reclassifications. |
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Pension |
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Foreign |
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and other |
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Amounts |
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Amounts |
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currency |
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postretirement |
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attributable to |
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attributable to |
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translation |
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|
benefits |
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|
|
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|
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noncontrolling |
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|
Huntsman |
|
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|
adjustments(1) |
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|
adjustments(2) |
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Other, net |
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|
Total |
|
|
interests |
|
|
Corporation |
|
| Beginning balance, January 1, 2024 |
|
$ |
(614 |
) |
|
$ |
(656 |
) |
|
$ |
(3 |
) |
|
$ |
(1,273 |
) |
|
$ |
28 |
|
|
$ |
(1,245 |
) |
| Other comprehensive (loss) income before reclassifications, gross |
|
|
(36 |
) |
|
|
2 |
|
|
|
5 |
|
|
|
(29 |
) |
|
|
(1 |
) |
|
|
(30 |
) |
| Tax impact |
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|
— |
|
|
|
— |
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|
— |
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|
— |
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|
— |
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|
|
— |
|
| Amounts reclassified from accumulated other comprehensive loss, gross(3) |
|
|
— |
|
|
|
6 |
|
|
|
— |
|
|
|
6 |
|
|
|
— |
|
|
|
6 |
|
| Tax impact |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Net current-period other comprehensive (loss) income |
|
|
(36 |
) |
|
|
8 |
|
|
|
5 |
|
|
|
(23 |
) |
|
|
(1 |
) |
|
|
(24 |
) |
| Ending balance, March 31, 2024 |
|
$ |
(650 |
) |
|
$ |
(648 |
) |
|
$ |
2 |
|
|
$ |
(1,296 |
) |
|
$ |
27 |
|
|
$ |
(1,269 |
) |
| (1) |
Amounts are net of tax of $56 million as of both March 31, 2024 and January 1, 2024. |
| (2) |
Amounts are net of tax of $67 million as of both March 31, 2024 and January 1, 2024. |
| (3) |
See tables below for details about pension and other postretirement benefits reclassifications. |
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|
Three months ended March 31, |
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2025 |
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2024 |
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Amounts reclassified |
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Amounts reclassified |
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|
Affected line item in |
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from accumulated |
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|
from accumulated |
|
|
the statement |
| Details about accumulated other |
|
other |
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|
other |
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|
where net income |
| comprehensive loss components(1)(2): |
|
comprehensive loss |
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|
comprehensive loss |
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|
is presented |
| Amortization of pension and other postretirement benefits: |
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|
|
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|
|
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| Prior service credit |
|
$ |
(2 |
) |
|
$ |
(2 |
) |
(3) |
Other income, net |
| Actuarial loss |
|
|
7 |
|
|
|
8 |
|
(3) |
Other income, net |
| Settlement gain |
|
|
(1 |
) |
|
|
— |
|
(3) |
Other income, net |
| |
|
|
4 |
|
|
|
6 |
|
|
Total before tax |
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|
|
— |
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|
— |
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Income tax (expense) benefit |
| Total reclassifications for the period |
|
$ |
4 |
|
|
$ |
6 |
|
|
Net of tax |
| (1) |
Details of amounts reclassified from accumulated other comprehensive loss relate only to pension and other postretirement benefits. |
| (2) |
Pension and other postretirement benefits amounts in parentheses indicate credits on our condensed consolidated statements of operations. |
| (3) |
These accumulated other comprehensive loss components are included in the computation of net periodic pension costs. See “Note 13. Employee Benefit Plans.” |
Huntsman International
| |
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|
Pension |
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|
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|
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|
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|
|
|
| |
|
Foreign |
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|
and other |
|
|
|
|
|
|
|
|
|
|
Amounts |
|
|
Amounts |
|
| |
|
currency |
|
|
postretirement |
|
|
|
|
|
|
|
|
|
|
attributable to |
|
|
attributable to |
|
| |
|
translation |
|
|
benefits |
|
|
|
|
|
|
|
|
|
|
noncontrolling |
|
|
Huntsman |
|
| |
|
adjustments(1) |
|
|
adjustments(2) |
|
|
Other, net |
|
|
Total |
|
|
interests |
|
|
International |
|
| Beginning balance, January 1, 2025 |
|
$ |
(680 |
) |
|
$ |
(528 |
) |
|
$ |
(4 |
) |
|
$ |
(1,212 |
) |
|
$ |
27 |
|
|
$ |
(1,185 |
) |
| Other comprehensive income (loss) before reclassifications, gross |
|
|
32 |
|
|
|
(12 |
) |
|
|
6 |
|
|
|
26 |
|
|
|
— |
|
|
|
26 |
|
| Tax impact |
|
|
3 |
|
|
|
— |
|
|
|
— |
|
|
|
3 |
|
|
|
— |
|
|
|
3 |
|
| Amounts reclassified from accumulated other comprehensive loss, gross(3) |
|
|
— |
|
|
|
4 |
|
|
|
— |
|
|
|
4 |
|
|
|
— |
|
|
|
4 |
|
| Tax impact |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Net current-period other comprehensive income (loss) |
|
|
35 |
|
|
|
(8 |
) |
|
|
6 |
|
|
|
33 |
|
|
|
— |
|
|
|
33 |
|
| Ending balance, March 31, 2025 |
|
$ |
(645 |
) |
|
$ |
(536 |
) |
|
$ |
2 |
|
|
$ |
(1,179 |
) |
|
$ |
27 |
|
|
$ |
(1,152 |
) |
| (1) |
Amounts are net of tax of $44 million and $47 million as of March 31, 2025 and January 1, 2025, respectively. |
| (2) |
Amounts are net of tax of $85 million as of both March 31, 2025 and January 1, 2025, respectively. |
| (3) |
See tables below for details about pension and other postretirement benefits reclassifications. |
| |
|
|
|
|
|
Pension |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Foreign |
|
|
and other |
|
|
|
|
|
|
|
|
|
|
Amounts |
|
|
Amounts |
|
| |
|
currency |
|
|
postretirement |
|
|
|
|
|
|
|
|
|
|
attributable to |
|
|
attributable to |
|
| |
|
translation |
|
|
benefits |
|
|
|
|
|
|
|
|
|
|
noncontrolling |
|
|
Huntsman |
|
| |
|
adjustments(1) |
|
|
adjustments(2) |
|
|
Other, net |
|
|
Total |
|
|
interests |
|
|
International |
|
| Beginning balance, January 1, 2024 |
|
$ |
(619 |
) |
|
$ |
(632 |
) |
|
$ |
(7 |
) |
|
$ |
(1,258 |
) |
|
$ |
28 |
|
|
$ |
(1,230 |
) |
| Other comprehensive (loss) income before reclassifications, gross |
|
|
(36 |
) |
|
|
2 |
|
|
|
5 |
|
|
|
(29 |
) |
|
|
(1 |
) |
|
|
(30 |
) |
| Tax impact |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Amounts reclassified from accumulated other comprehensive loss, gross(3) |
|
|
— |
|
|
|
6 |
|
|
|
— |
|
|
|
6 |
|
|
|
— |
|
|
|
6 |
|
| Tax impact |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Net current-period other comprehensive (loss) income |
|
|
(36 |
) |
|
|
8 |
|
|
|
5 |
|
|
|
(23 |
) |
|
|
(1 |
) |
|
|
(24 |
) |
| Ending balance, March 31, 2024 |
|
$ |
(655 |
) |
|
$ |
(624 |
) |
|
$ |
(2 |
) |
|
$ |
(1,281 |
) |
|
$ |
27 |
|
|
$ |
(1,254 |
) |
| (1) |
Amounts are net of tax of $43 million as of both March 31, 2024 and January 1, 2024. |
| (2) |
Amounts are net of tax of $91 million as of both March 31, 2024 and January 1, 2024. |
| (3) |
See tables below for details about pension and other postretirement benefits reclassifications. |
| |
|
Three months ended March 31, |
|
|
|
| |
|
2025 |
|
|
2024 |
|
|
|
| |
|
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(1)(2): |
|
comprehensive loss |
|
|
comprehensive loss |
|
|
is presented |
| Amortization of pension and other postretirement benefits: |
|
|
|
|
|
|
|
|
|
|
| Prior service credit |
|
$ |
(2 |
) |
|
$ |
(2 |
) |
(3) |
Other income, net |
| Actuarial loss |
|
|
7 |
|
|
|
8 |
|
(3) |
Other income, net |
| Settlement gain |
|
|
(1 |
) |
|
|
— |
|
(3) |
Other income, net |
| |
|
|
4 |
|
|
|
6 |
|
|
Total before tax |
| |
|
|
— |
|
|
|
— |
|
|
Income tax (expense) benefit |
| Total reclassifications for the period |
|
$ |
4 |
|
|
$ |
6 |
|
|
Net of tax |
| (1) |
Details of amounts reclassified from accumulated other comprehensive loss relate only to pension and other postretirement benefits. |
| (2) |
Pension and other postretirement benefits amounts in parentheses indicate credits on our condensed consolidated statements of operations. |
| (3) |
These accumulated other comprehensive loss components are included in the computation of net periodic pension costs. See “Note 13. Employee Benefit Plans.” |
|