Quarterly report [Sections 13 or 15(d)]

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

v3.25.3
Note 21 - Operating Segment Information - Financial Information By Segment (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Revenues $ 1,460 [1]     $ 1,540     $ 4,328 [1] $ 4,584  
Variable direct costs [2] 974     1,035     2,878 3,070  
Adjusted fixed costs [3] 379     349     1,143 1,101  
Other segment items [4] (7)     (5)     (7) (37)  
Segment adjusted EBITDA [5] 121     165     337 467  
Interest expense, net—continuing operations (20)     (21)     (60) (60)  
Depreciation and amortization—continuing operations (73)     (70)     (214) (214)  
Corporate and other costs, net [6] (27)     (34)     (97) (124)  
Net income attributable to noncontrolling interests 14     16     43 46  
Loss on sale of business/assets (2)     (1)     (2) (1)  
Amortization of pension and postretirement actuarial losses (8)     (9)     (22) (25)  
Income from continuing operations before income taxes (7)     34     (119) 42  
Income tax expense—continuing operations (3)     (39)     (25) (32)  
Loss from discontinued operations, net of tax (1)     (12)     (1) (12)  
Net (loss) income (11) $ (145) $ 11 (17) $ 38 $ (23) (145) (2)  
Fair value adjustments to Venator investment, net and other tax matter adjustments       5       12  
Certain legal and other settlements and related expenses       (11)     32 (13)  
Business acquisition and integration gain and purchase accounting inventory adjustments, net             5 (21)  
Certain legal and other settlements and related income, net       (11)     32 (13)  
Business acquisition and integration expenses and purchase accounting inventory adjustments, net             5 (21)  
Restructuring, impairment and plant closing and transition costs [7]               (25)  
Net loss (11) (145) 11 (17) 38 (23) (145) (2)  
Total assets 7,082           7,082   $ 7,114
Depreciation and amortization - continuing operations 73     70     214 214  
Capital expenditures             116 133  
Huntsman International LLC [Member]                  
Revenues 1,460     1,540     4,328 4,584  
Variable direct costs [2] 974     1,035     2,878 3,070  
Adjusted fixed costs [3] 379     349     1,143 1,101  
Other segment items [4] (7)     (5)     (7) (37)  
Segment adjusted EBITDA [5] 121     165     337 467  
Interest expense, net—continuing operations (20)     (21)     (60) (60)  
Depreciation and amortization—continuing operations (73)     (70)     (214) (214)  
Corporate and other costs, net [6] (26)     (33)     (94) (121)  
Net income attributable to noncontrolling interests 14     16     43 46  
Loss on sale of business/assets (2)     (1)     (2) (1)  
Amortization of pension and postretirement actuarial losses (8)     (9)     (22) (25)  
Income from continuing operations before income taxes (6)     35     (116) 45  
Income tax expense—continuing operations (4)     (39)     (26) (32)  
Loss from discontinued operations, net of tax (1)     (12)     (1) (12)  
Net (loss) income (11) (143) 11 (16) 38 (21) (143) 1  
Fair value adjustments to Venator investment, net and other tax matter adjustments       5       12  
Certain legal and other settlements and related expenses       (11)     32 (13)  
Business acquisition and integration gain and purchase accounting inventory adjustments, net             5 (21)  
Certain legal and other settlements and related income, net       (11)     32 (13)  
Business acquisition and integration expenses and purchase accounting inventory adjustments, net             5 (21)  
Restructuring, impairment and plant closing and transition costs [7]               (25)  
Net loss (11) $ (143) $ 11 (16) $ 38 $ (21) (143) 1  
Depreciation and amortization - continuing operations 73     70     214 214  
Operating Segments [Member]                  
Revenues [8] 1,467     1,544     4,351 4,601  
Depreciation and amortization—continuing operations             (206) (207)  
Total assets 6,333           6,333   6,462
Depreciation and amortization - continuing operations             206 207  
Capital expenditures             114 130  
Operating Segments [Member] | Huntsman International LLC [Member]                  
Revenues [8] 1,467     1,544     4,351 4,601  
Operating Segments [Member] | Polyurethanes [Member]                  
Revenues [8] 956 [1]     1,003     2,800 [1] 2,930  
Variable direct costs [2] 710     756     2,092 2,213  
Adjusted fixed costs [3] 196     174     580 558  
Other segment items [4] 2     (3)     7 (36)  
Segment adjusted EBITDA [5] 48     76     121 195  
Depreciation and amortization—continuing operations             (121) (118)  
Total assets 4,038           4,038   4,151
Depreciation and amortization - continuing operations             121 118  
Capital expenditures             52 53  
Operating Segments [Member] | Polyurethanes [Member] | Huntsman International LLC [Member]                  
Revenues [8] 956     1,003     2,800 2,930  
Variable direct costs [2] 710     756     2,092 2,213  
Adjusted fixed costs [3] 196     174     580 558  
Other segment items [4] 2     (3)     7 (36)  
Segment adjusted EBITDA [5] 48     76     121 195  
Operating Segments [Member] | Performance Products [Member]                  
Revenues [8] 246 [1]     280     773 [1] 870  
Variable direct costs [2] 141     155     424 481  
Adjusted fixed costs [3] 81     81     260 251  
Other segment items [4] (5)     2     (2) 8  
Segment adjusted EBITDA [5] 29     42     91 130  
Depreciation and amortization—continuing operations             (47) (50)  
Total assets 1,186           1,186   1,214
Depreciation and amortization - continuing operations             47 50  
Capital expenditures             44 64  
Operating Segments [Member] | Performance Products [Member] | Huntsman International LLC [Member]                  
Revenues [8] 246     280     773 870  
Variable direct costs [2] 141     155     424 481  
Adjusted fixed costs [3] 81     81     260 251  
Other segment items [4] (5)     2     (2) 8  
Segment adjusted EBITDA [5] 29     42     91 130  
Operating Segments [Member] | Advanced Materials [Member]                  
Revenues [8] 265 [1]     261     778 [1] 801  
Variable direct costs [2] 123     124     362 376  
Adjusted fixed costs [3] 102     94     303 292  
Other segment items [4] (4)     (4)     (12) (9)  
Segment adjusted EBITDA [5] 44     47     125 142  
Depreciation and amortization—continuing operations             (38) (39)  
Total assets 1,109           1,109   1,097
Depreciation and amortization - continuing operations             38 39  
Capital expenditures             18 13  
Operating Segments [Member] | Advanced Materials [Member] | Huntsman International LLC [Member]                  
Revenues [8] 265     261     778 801  
Variable direct costs [2] 123     124     362 376  
Adjusted fixed costs [3] 102     94     303 292  
Other segment items [4] (4)     (4)     (12) (9)  
Segment adjusted EBITDA [5] 44     47     125 142  
Corporate and Reconciling Items [Member]                  
Revenues (7) [1]     $ (4)     (23) [1] (17)  
Depreciation and amortization—continuing operations             (8) (7)  
Total assets $ 749           749   $ 652
Depreciation and amortization - continuing operations             8 7  
Capital expenditures             $ 2 $ 3  
[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.”