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

Note 7 - Investment in Unconsolidated Affiliates

v3.25.4
Note 7 - Investment in Unconsolidated Affiliates
12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Investment in Unconsolidated Affiliates Disclosure [Text Block]

 

7. INVESTMENT IN UNCONSOLIDATED AFFILIATES

 

Our ownership percentages and investments in unconsolidated affiliates were as follows (dollars in millions):

 

   

December 31,

 
   

2025

   

2024

 

Equity method:

               

Nanjing Jinling Huntsman New Material Co., Ltd. (49%)

  $ 272     $ 282  

Jurong Ningwu New Material Development Co., Ltd. (30%)

    33       30  

KPX Huntsman Polyurethanes Automotive Co., Ltd. (50%)

    4       3  

BASF Huntsman Shanghai Isocyanate Investment BV (50%)

          31  

Total investments

  $ 309     $ 346  

 

All of our equity method investments are held by our Polyurethanes segment.

 

Summarized Financial Information of Unconsolidated Affiliates

 

Summarized financial information of our unconsolidated affiliates as of December 31, 2025 and 2024 and for the years ended December 31, 2025, 2024 and 2023 were as follows (dollars in millions):

 

   

December 31,

 
   

2025

   

2024

 

Current assets

  $ 211     $ 368  

Non-current assets

    508       512  

Current liabilities

    77       74  

Non-current liabilities

          12  

 

   

Year ended December 31,

 
   

2025

   

2024

   

2023

 

Revenues

  $ 1,147     $ 1,324     $ 2,299  

Gross profit

    47       142       285  

Income from continuing operations

    13       147       180  

Net income

    13       147       180