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

Quarterly report [Sections 13 or 15(d)]

Note 4 - Discontinued Operations

Note 4 - Discontinued Operations

6 Months Ended

Jun. 30, 2025

Notes to Financial Statements

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

4. DISCONTINUED OPERATIONS

SaLE of tEXTILE eFFECTS bUSINESS

On February 28, 2023, we completed the sale of our textile chemicals and dyes business (“Textile Effects Business”) to Archroma, a portfolio company of SK Capital Partners, and during the first quarter of 2024, we finalized the purchase price valued at $597 million, which included adjustments to the purchase price for working capital, plus the assumption of underfunded pension liabilities. During the first half of 2025, net charges of our discontinued operations were not material.

The following table reconciles line items constituting pretax income (loss) of discontinued operations to after-tax income of discontinued operations, primarily related to our Textile Effects Business, as presented in our condensed consolidated statements of operations (dollars in millions):

	*Three months ended*					*Six months ended*
	*June 30,*					*June 30,*
	*2025*			*2024*		*2025*			*2024*
Major line item constituting pretax income (loss) of discontinued operations:
Gain (loss) on sale of our discontinued operations	$	2		$	—	$	1		$	(8	)
Income (loss) from discontinued operations before income taxes		2			—		1			(8	)
Income tax (expense) benefit		(1	)		7		(1	)		8
Net income attributable to discontinued operations	$	1		$	7	$	—		$	—