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

Quarterly report [Sections 13 or 15(d)]

Note 4 - Discontinued Operations

Note 4 - Discontinued Operations

9 Months Ended

Sep. 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 nine months ended September 30, 2025, net charges of our discontinued operations were not material.

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

	*Three months ended*						*Nine months ended*
	*September 30,*						*September 30,*
	*2025*			*2024*			*2025*			*2024*
Major line item constituting pretax loss from discontinued operations:
Loss on sale of our discontinued operations	$	(1	)	$	(12	)	$	—		$	(20	)
Loss from discontinued operations before income taxes		(1	)		(12	)		—			(20	)
Income tax (expense) benefit		—			—			(1	)		8
Net loss attributable to discontinued operations	$	(1	)	$	(12	)	$	(1	)	$	(12	)