Huntsman Corporation Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

Note 4 - Discontinued Operations

Note 4 - Discontinued Operations

12 Months Ended

Dec. 31, 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 Effects Business to Archroma, 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.

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

	*Year ended December 31,*
	*2025*			*2024*			*2023*
Major line items constituting pretax (loss) income from discontinued operations:
Trade sales, services and fees, net⁽¹⁾	$	—		$	—		$	88
Cost of goods sold⁽¹⁾		—			—			(69	)
(Loss) gain on sale of our discontinued operations		(9	)		(38	)		154
Other expense items, net		—			—			(38	)
(Loss) income from discontinued operations before income taxes		(9	)		(38	)		135
Income tax benefit (expense)		—			11			(17	)
Net (loss) income attributable to discontinued operations	$	(9	)	$	(27	)	$	118

(1)	Includes eliminations of trade sales, services and fees, net and cost of goods sold between continuing operations and discontinued operations.