Quarterly report [Sections 13 or 15(d)]

Unaudited Condensed Consolidated Statements of Operations

v3.25.2
Unaudited Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Revenues $ 1,458 [1] $ 1,574 $ 2,868 [1] $ 3,044
Cost of goods sold 1,276 1,331 2,485 2,600
Gross profit 182 243 383 444
Operating expenses:        
Selling, general and administrative 160 176 326 352
Research and development 33 33 65 64
Restructuring, impairment and plant closing costs 124 4 125 15
Loss (gain) on acquisition of assets, net 0 1 (5) (51)
Prepaid asset write-off 0 0 0 71
Income associated with litigation matter, net 0 0 (33) 0
Other operating income, net (15) (5) (17) (3)
Total operating expenses 302 209 461 448
Operating (loss) income (120) 34 (78) (4)
Interest expense, net (21) (20) (40) (39)
Equity in (loss) income of investment in unconsolidated affiliates (2) 18 (1) 37
Other Nonoperating Income (Expense) 4 12 7 14
(Loss) income from continuing operations before income taxes (139) 44 (112) 8
Income tax (expense) benefit (7) (13) (22) 7
(Loss) income from continuing operations (146) 31 (134) 15
Income from discontinued operations, net of tax 1 7 0 0
Net (loss) income (145) 38 (134) 15
Net income attributable to noncontrolling interests (13) (16) (29) (30)
Net (loss) income attributable to Huntsman Corporation (158) 22 (163) (15)
Net (loss) income attributable to Huntsman International LLC $ (158) $ 22 $ (163) $ (15)
Basic (loss) income per share:        
(Loss) income from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share) $ (0.92) $ 0.09 $ (0.94) $ (0.09)
Income from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax (in dollars per share) 0 0.04 0 0
Net (loss) income attributable to Huntsman Corporation common stockholders (in dollars per share) $ (0.92) $ 0.13 $ (0.94) $ (0.09)
Weighted average shares (in shares) 172.6 172.1 172.5 172.0
Diluted (loss) income per share:        
(Loss) income from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share) $ (0.92) $ 0.09 $ (0.94) $ (0.09)
Income from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax (in dollars per share) 0 0.04 0 0
Net (loss) income attributable to Huntsman Corporation common stockholders (in dollars per share) $ (0.92) $ 0.13 $ (0.94) $ (0.09)
Weighted average shares (in shares) 172.6 172.8 172.5 172.0
Amounts attributable to Huntsman Corporation:        
(Loss) income from continuing operations $ (159) $ 15 $ (163) $ (15)
Income from discontinued operations, net of tax 1 7 0 0
Net (loss) income (158) 22 (163) (15)
Huntsman International LLC [Member]        
Revenues:        
Revenues 1,458 1,574 2,868 3,044
Cost of goods sold 1,276 1,331 2,485 2,600
Gross profit 182 243 383 444
Operating expenses:        
Selling, general and administrative 160 176 324 350
Research and development 33 33 65 64
Restructuring, impairment and plant closing costs 124 4 125 15
Loss (gain) on acquisition of assets, net 0 1 (5) (51)
Prepaid asset write-off 0 0 0 71
Income associated with litigation matter, net 0 0 (33) 0
Other operating income, net (15) (5) (17) (3)
Total operating expenses 302 209 459 446
Operating (loss) income (120) 34 (76) (2)
Interest expense, net (21) (20) (40) (39)
Equity in (loss) income of investment in unconsolidated affiliates (2) 18 (1) 37
Other Nonoperating Income (Expense) 4 12 7 14
(Loss) income from continuing operations before income taxes (139) 44 (110) 10
Income tax (expense) benefit (5) (13) (22) 7
(Loss) income from continuing operations (144) 31 (132) 17
Income from discontinued operations, net of tax 1 7 0 0
Net (loss) income (143) 38 (132) 17
Net income attributable to noncontrolling interests (13) (16) (29) (30)
Net (loss) income attributable to Huntsman Corporation (156) 22 (161) (13)
Net (loss) income attributable to Huntsman International LLC (156) 22 (161) (13)
Amounts attributable to Huntsman Corporation:        
(Loss) income from continuing operations (157) 15 (161) (13)
Income from discontinued operations, net of tax 1 7 0 0
Net (loss) income (156) 22 (161) (13)
Third Party Customers [Member]        
Revenues:        
Revenues 1,433 1,538 2,807 2,974
Third Party Customers [Member] | Huntsman International LLC [Member]        
Revenues:        
Revenues 1,433 1,538 2,807 2,974
Related Party Customers [Member]        
Revenues:        
Revenues 25 36 61 70
Related Party Customers [Member] | Huntsman International LLC [Member]        
Revenues:        
Revenues $ 25 $ 36 $ 61 $ 70
[1] Geographic information for revenues is based upon countries into which product is sold.