Quarterly report [Sections 13 or 15(d)]

Note 21 - Operating Segment Information - Financial Information By Segment (Details)

v3.25.1
Note 21 - Operating Segment Information - Financial Information By Segment (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Revenues $ 1,410 [1] $ 1,470  
Variable direct costs [2] 935 987  
Adjusted fixed costs [3] 371 379  
Other segment items [4] 4 (12)  
Segment adjusted EBITDA [5] 108 124  
Interest expense, net—continuing operations (19) (19)  
Depreciation and amortization—continuing operations (69) (69)  
Corporate and other costs, net [6] (36) (43)  
Net income attributable to noncontrolling interests 16 14  
Business acquisition and integration gain and purchase accounting inventory adjustments, net 5 (20)  
Certain legal and other settlements and related income 33 (1)  
Amortization of pension and postretirement actuarial losses (7) (8)  
Restructuring, impairment and plant closing and transition costs [7] (4) (14)  
Income from continuing operations before income taxes 27 (36)  
Income tax expense—continuing operations (15) 20  
Loss from discontinued operations, net of tax (1) (7)  
Net income (loss) 11 (23)  
Business acquisition and integration expenses and purchase accounting inventory adjustments, net 5 (20)  
Certain legal and other settlements and related expenses 33 (1)  
Total assets 7,232   $ 7,114
Depreciation and amortization - continuing operations 69 69  
Capital expenditures 36 42  
Huntsman International LLC [Member]      
Revenues 1,410 1,470  
Variable direct costs [2] 935 987  
Adjusted fixed costs [3] 371 379  
Other segment items [4] 4 (12)  
Segment adjusted EBITDA [5] 108 124  
Interest expense, net—continuing operations (19) (19)  
Depreciation and amortization—continuing operations (69) (69)  
Corporate and other costs, net [6] (34) (41)  
Net income attributable to noncontrolling interests 16 14  
Business acquisition and integration gain and purchase accounting inventory adjustments, net 5 (20)  
Certain legal and other settlements and related income 33 (1)  
Amortization of pension and postretirement actuarial losses (7) (8)  
Restructuring, impairment and plant closing and transition costs [7] (4) (14)  
Income from continuing operations before income taxes 29 (34)  
Income tax expense—continuing operations (17) 20  
Loss from discontinued operations, net of tax (1) (7)  
Net income (loss) 11 (21)  
Business acquisition and integration expenses and purchase accounting inventory adjustments, net 5 (20)  
Certain legal and other settlements and related expenses 33 (1)  
Depreciation and amortization - continuing operations 69 69  
Operating Segments [Member]      
Revenues [8] 1,418 1,478  
Depreciation and amortization—continuing operations (67) (67)  
Total assets 6,620   6,462
Depreciation and amortization - continuing operations 67 67  
Capital expenditures 35 41  
Operating Segments [Member] | Huntsman International LLC [Member]      
Revenues [8] 1,418 1,478  
Operating Segments [Member] | Polyurethanes [Member]      
Revenues [8] 912 [1] 926  
Variable direct costs [2] 682 705  
Adjusted fixed costs [3] 186 198  
Other segment items [4] 2 (16)  
Segment adjusted EBITDA [5] 42 39  
Depreciation and amortization—continuing operations (39) (37)  
Total assets 4,224   4,151
Depreciation and amortization - continuing operations 39 37  
Capital expenditures 17 15  
Operating Segments [Member] | Polyurethanes [Member] | Huntsman International LLC [Member]      
Revenues [8] 912 926  
Variable direct costs [2] 682 705  
Adjusted fixed costs [3] 186 198  
Other segment items [4] 2 (16)  
Segment adjusted EBITDA [5] 42 39  
Operating Segments [Member] | Performance Products [Member]      
Revenues [8] 257 [1] 291  
Variable direct costs [2] 137 160  
Adjusted fixed costs [3] 84 83  
Other segment items [4] 6 6  
Segment adjusted EBITDA [5] 30 42  
Depreciation and amortization—continuing operations (15) (17)  
Total assets 1,278   1,214
Depreciation and amortization - continuing operations 15 17  
Capital expenditures 14 22  
Operating Segments [Member] | Performance Products [Member] | Huntsman International LLC [Member]      
Revenues [8] 257 291  
Variable direct costs [2] 137 160  
Adjusted fixed costs [3] 84 83  
Other segment items [4] 6 6  
Segment adjusted EBITDA [5] 30 42  
Operating Segments [Member] | Advanced Materials [Member]      
Revenues [8] 249 [1] 261  
Variable direct costs [2] 116 122  
Adjusted fixed costs [3] 101 98  
Other segment items [4] (4) (2)  
Segment adjusted EBITDA [5] 36 43  
Depreciation and amortization—continuing operations (13) (13)  
Total assets 1,118   1,097
Depreciation and amortization - continuing operations 13 13  
Capital expenditures 4 4  
Operating Segments [Member] | Advanced Materials [Member] | Huntsman International LLC [Member]      
Revenues [8] 249 261  
Variable direct costs [2] 116 122  
Adjusted fixed costs [3] 101 98  
Other segment items [4] (4) (2)  
Segment adjusted EBITDA [5] 36 43  
Corporate and Reconciling Items [Member]      
Revenues (8) [1] (8)  
Depreciation and amortization—continuing operations (2) (2)  
Total assets 612   $ 652
Depreciation and amortization - continuing operations 2 2  
Capital expenditures $ 1 $ 1  
[1] Geographic information for revenues is based upon countries into which product is sold.
[2] Variable direct costs primarily include raw materials, utilities and freight-related costs.
[3] Adjusted fixed costs primarily include personnel and maintenance costs at our manufacturing facilities, selling, general and administrative expenses and research and development expenses, less depreciation and amortization and certain of the adjustments noted in footnote (5) below.
[4] Other segment items include other operating and non-operating income and expense items and foreign currency exchange effects, less certain of the adjustments noted in footnote (5) below.
[5] We use segment adjusted EBITDA as the measure of each segment’s profit or loss. We believe that segment adjusted EBITDA more accurately reflects what our chief operating decision maker, who has been determined to be our Chief Executive Officer, uses to make decisions about resources to be allocated to the segments and assess their financial performance. Segment adjusted EBITDA is defined as net income of Huntsman Corporation or Huntsman International, as appropriate, before interest, income tax, depreciation and amortization, net income attributable to noncontrolling interests and certain Corporate and other items, as well as eliminating the following adjustments: (a) business acquisition and integration gain (expenses) and purchase accounting inventory adjustments, net; (b) certain legal and other settlements and related income (expenses); (c) amortization of pension and postretirement actuarial losses; (d) restructuring, impairment, plant closing and transition costs; and (e) loss from discontinued operations, net of tax
[6] Corporate and other costs, net includes unallocated corporate overhead, unallocated foreign exchange gains and losses, LIFO inventory valuation reserve adjustments, nonoperating income and expense and gains and losses on the disposition of corporate assets.
[7] Includes costs associated with transition activities relating primarily to our program to realign our cost structure in Europe and our Corporate program to optimize our global approach to managed services in various information technology functions.
[8] A reconciliation of total reportable segments’ revenues to total consolidated revenues is provided in “Note 12. Revenue Recognition.”