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

Quarterly report [Sections 13 or 15(d)]

Note 12 - Revenue Recognition

Note 12 - Revenue Recognition

6 Months Ended

Jun. 30, 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 June 30, 2025 and 2024 (dollars in millions):

			*Performance*		*Advanced*		*Corporate and*
2025	*Polyurethanes*		*Products*		*Materials*		*eliminations*			*Total*
Primary geographic markets⁽¹⁾
U.S. and Canada	$	369	$	127	$	69	$	(3	)	$	562
Europe		242		47		102		(4	)		387
Asia Pacific		262		72		73		(1	)		406
Rest of world		59		24		20		—			103
	$	932	$	270	$	264	$	(8	)	$	1,458

Major product groupings
Diversified	$	932	$	270						$	1,202
Specialty					$	252					252
Other						12					12
Eliminations							$	(8	)		(8	)
	$	932	$	270	$	264	$	(8	)	$	1,458

			*Performance*		*Advanced*		*Corporate and*
2024	*Polyurethanes*		*Products*		*Materials*		*eliminations*			*Total*
Primary geographic markets⁽¹⁾
U.S. and Canada	$	394	$	136	$	79	$	(1	)	$	608
Europe		249		60		105		(4	)		410
Asia Pacific		277		77		74		—			428
Rest of world		81		26		21		—			128
	$	1,001	$	299	$	279	$	(5	)	$	1,574

Major product groupings
Diversified	$	1,001	$	299						$	1,300
Specialty					$	268					268
Other						11					11
Eliminations							$	(5	)		(5	)
	$	1,001	$	299	$	279	$	(5	)	$	1,574

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

The following tables disaggregate our revenue from continuing operations by major source for the six months ended June 30, 2025 and 2024 (dollars in millions):

			*Performance*		*Advanced*		*Corporate and*
2025	*Polyurethanes*		*Products*		*Materials*		*eliminations*			*Total*
Primary geographic markets⁽¹⁾
U.S. and Canada	$	725	$	245	$	141	$	(6	)	$	1,105
Europe		457		95		194		(8	)		738
Asia Pacific		532		142		139		(2	)		811
Rest of world		130		45		39		—			214
	$	1,844	$	527	$	513	$	(16	)	$	2,868

Major product groupings
Diversified	$	1,844	$	527							2,371
Specialty					$	490					490
Other						23					23
Eliminations							$	(16	)		(16	)
	$	1,844	$	527	$	513	$	(16	)	$	2,868

			*Performance*		*Advanced*		*Corporate and*
2024	*Polyurethanes*		*Products*		*Materials*		*eliminations*			*Total*
Primary geographic markets⁽¹⁾
U.S. and Canada	$	764	$	273	$	152	$	(4	)	$	1,185
Europe		489		121		212		(8	)		814
Asia Pacific		520		148		136		(1	)		803
Rest of world		154		48		40		—			242
	$	1,927	$	590	$	540	$	(13	)	$	3,044

Major product groupings
Diversified	$	1,927	$	590						$	2,517
Specialty					$	514					514
Other						26					26
Eliminations							$	(13	)		(13	)
	$	1,927	$	590	$	540	$	(13	)	$	3,044

(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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