| Condensed Financial Information of Parent Company Only Disclosure [Text Block] |
HUNTSMAN CORPORATION (PARENT ONLY)
Schedule I—Condensed Financial Information of Registrant
HUNTSMAN CORPORATION (Parent Only)
BALANCE SHEETS
(In Millions, Except Share and Per Share Amounts)
| |
|
December 31, |
|
| |
|
2025 |
|
|
2024 |
|
| ASSETS |
|
|
|
|
|
|
|
|
| Investment in and advances to affiliates |
|
$ |
2,759 |
|
|
$ |
2,966 |
|
| Total assets |
|
$ |
2,759 |
|
|
$ |
2,966 |
|
| |
|
|
|
|
|
|
|
|
| LIABILITIES AND STOCKHOLDERS’ EQUITY |
|
|
|
|
|
|
|
|
| Current liabilities: |
|
|
|
|
|
|
|
|
| Accrued liabilities |
|
$ |
— |
|
|
$ |
2 |
|
| Total current liabilities |
|
|
— |
|
|
|
2 |
|
| Other noncurrent liabilities |
|
|
9 |
|
|
|
5 |
|
| Total liabilities |
|
|
9 |
|
|
|
7 |
|
| STOCKHOLDERS’ EQUITY |
|
|
|
|
|
|
|
|
| Common stock $0.01 par value, 1,200,000,000 shares authorized, 263,229,465 and 262,751,907 shares issued and 172,622,337 and 172,144,779 shares outstanding, respectively |
|
|
3 |
|
|
|
3 |
|
| Additional paid-in capital |
|
|
4,261 |
|
|
|
4,233 |
|
| Treasury stock, 90,607,128 shares |
|
|
(2,290 |
) |
|
|
(2,290 |
) |
| Unearned stock-based compensation |
|
|
(28 |
) |
|
|
(32 |
) |
| Retained earnings |
|
|
1,810 |
|
|
|
2,245 |
|
| Accumulated other comprehensive loss |
|
|
(1,006 |
) |
|
|
(1,200 |
) |
| Total stockholders’ equity |
|
|
2,750 |
|
|
|
2,959 |
|
| Total liabilities and stockholders’ equity |
|
$ |
2,759 |
|
|
$ |
2,966 |
|
The accompanying notes are an integral part of the condensed financial information.
HUNTSMAN CORPORATION (Parent Only)
STATEMENTS OF OPERATIONS
(In Millions)
| |
|
Year ended December 31, |
|
| |
|
2025 |
|
|
2024 |
|
|
2023 |
|
| Selling, general and administrative expenses |
|
$ |
(3 |
) |
|
$ |
(3 |
) |
|
$ |
(3 |
) |
| Equity in loss of subsidiaries |
|
|
(426 |
) |
|
|
(358 |
) |
|
|
(68 |
) |
| Dividend income—affiliate |
|
|
145 |
|
|
|
172 |
|
|
|
172 |
|
| Net (loss) income |
|
$ |
(284 |
) |
|
$ |
(189 |
) |
|
$ |
101 |
|
The accompanying notes are an integral part of the condensed financial information.
HUNTSMAN CORPORATION (Parent Only)
STATEMENTS OF COMPREHENSIVE (LOSS) INCOME
(In Millions)
| |
|
Year ended December 31, |
|
| |
|
2025 |
|
|
2024 |
|
|
2023 |
|
| Net (loss) income |
|
$ |
(284 |
) |
|
$ |
(189 |
) |
|
$ |
101 |
|
| Other comprehensive income, net of tax: |
|
|
|
|
|
|
|
|
|
|
|
|
| Foreign currency translations adjustments |
|
|
132 |
|
|
|
(61 |
) |
|
|
34 |
|
| Pension and other postretirement benefits adjustments |
|
|
62 |
|
|
|
104 |
|
|
|
(4 |
) |
| Other, net |
|
|
61 |
|
|
|
65 |
|
|
|
42 |
|
| Other comprehensive income, net of tax |
|
|
255 |
|
|
|
108 |
|
|
|
72 |
|
| Comprehensive (loss) income |
|
|
(29 |
) |
|
|
(81 |
) |
|
|
173 |
|
| Comprehensive income attributable to noncontrolling interests |
|
|
(61 |
) |
|
|
(63 |
) |
|
|
(49 |
) |
| Comprehensive (loss) income attributable to Huntsman Corporation |
|
$ |
(90 |
) |
|
$ |
(144 |
) |
|
$ |
124 |
|
The accompanying notes are an integral part of the condensed financial information.
HUNTSMAN CORPORATION (Parent Only)
STATEMENTS OF STOCKHOLDERS’ EQUITY
(In Millions, Except Share Amounts)
| |
|
Huntsman Corporation Stockholders’ Equity |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated |
|
|
|
|
|
| |
|
Shares of |
|
|
|
|
|
|
Additional |
|
|
|
|
|
|
Unearned |
|
|
|
|
|
other |
|
|
|
|
|
| |
|
common |
|
|
Common |
|
|
paid-in |
|
|
Treasury |
|
|
stock-based |
|
|
Retained |
|
|
comprehensive |
|
|
Total |
|
| |
|
stock |
|
|
stock |
|
|
capital |
|
|
stock |
|
|
compensation |
|
|
earnings |
|
|
loss |
|
|
equity |
|
| Balance, January 1, 2023 |
|
|
183,634,464 |
|
|
$ |
3 |
|
|
$ |
4,156 |
|
|
$ |
(1,937 |
) |
|
$ |
(35 |
) |
|
$ |
2,705 |
|
|
$ |
(1,268 |
) |
|
$ |
3,624 |
|
| Net income |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
101 |
|
|
|
— |
|
|
|
101 |
|
| Other comprehensive income |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
23 |
|
|
|
23 |
|
| Issuance of nonvested stock awards |
|
|
— |
|
|
|
— |
|
|
|
32 |
|
|
|
— |
|
|
|
(32 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Vesting of stock awards |
|
|
1,028,971 |
|
|
|
— |
|
|
|
5 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
5 |
|
| Recognition of stock-based compensation |
|
|
— |
|
|
|
— |
|
|
|
1 |
|
|
|
— |
|
|
|
26 |
|
|
|
— |
|
|
|
— |
|
|
|
27 |
|
| Repurchase and cancellation of stock awards |
|
|
(307,093 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(10 |
) |
|
|
— |
|
|
|
(10 |
) |
| Stock options exercised |
|
|
320,364 |
|
|
|
— |
|
|
|
9 |
|
|
|
— |
|
|
|
— |
|
|
|
(4 |
) |
|
|
— |
|
|
|
5 |
|
| Treasury stock repurchased |
|
|
(13,093,375 |
) |
|
|
— |
|
|
|
— |
|
|
|
(353 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(353 |
) |
| Dividends declared on common stock |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(170 |
) |
|
|
— |
|
|
|
(170 |
) |
| Acquisition of noncontrolling interests, net of tax |
|
|
— |
|
|
|
— |
|
|
|
(1 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(1 |
) |
| Balance, December 31, 2023 |
|
|
171,583,331 |
|
|
|
3 |
|
|
|
4,202 |
|
|
|
(2,290 |
) |
|
|
(41 |
) |
|
|
2,622 |
|
|
|
(1,245 |
) |
|
|
3,251 |
|
| Net loss |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(189 |
) |
|
|
— |
|
|
|
(189 |
) |
| Other comprehensive income |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
45 |
|
|
|
45 |
|
| Issuance of nonvested stock awards |
|
|
— |
|
|
|
— |
|
|
|
20 |
|
|
|
— |
|
|
|
(20 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Vesting of stock awards |
|
|
728,499 |
|
|
|
— |
|
|
|
2 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2 |
|
| Recognition of stock-based compensation |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
29 |
|
|
|
— |
|
|
|
— |
|
|
|
29 |
|
| Repurchase and cancellation of stock awards |
|
|
(234,161 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(5 |
) |
|
|
— |
|
|
|
(5 |
) |
| Stock options exercised |
|
|
67,110 |
|
|
|
— |
|
|
|
9 |
|
|
|
— |
|
|
|
— |
|
|
|
(9 |
) |
|
|
— |
|
|
|
— |
|
| Dividends declared on common stock |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(174 |
) |
|
|
— |
|
|
|
(174 |
) |
| Balance, December 31, 2024 |
|
|
172,144,779 |
|
|
|
3 |
|
|
|
4,233 |
|
|
|
(2,290 |
) |
|
|
(32 |
) |
|
|
2,245 |
|
|
|
(1,200 |
) |
|
|
2,959 |
|
| Net loss |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(284 |
) |
|
|
— |
|
|
|
(284 |
) |
| Other comprehensive income |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
194 |
|
|
|
194 |
|
| Issuance of nonvested stock awards |
|
|
— |
|
|
|
— |
|
|
|
25 |
|
|
|
— |
|
|
|
(25 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Vesting of stock awards |
|
|
630,694 |
|
|
|
— |
|
|
|
2 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2 |
|
| Recognition of stock-based compensation |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
29 |
|
|
|
— |
|
|
|
— |
|
|
|
29 |
|
| Repurchase and cancellation of stock awards |
|
|
(181,563 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(3 |
) |
|
|
— |
|
|
|
(3 |
) |
| Stock options exercised |
|
|
28,427 |
|
|
|
— |
|
|
|
1 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1 |
|
| Dividends declared on common stock |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(148 |
) |
|
|
— |
|
|
|
(148 |
) |
| Balance, December 31, 2025 |
|
|
172,622,337 |
|
|
$ |
3 |
|
|
$ |
4,261 |
|
|
$ |
(2,290 |
) |
|
$ |
(28 |
) |
|
$ |
1,810 |
|
|
$ |
(1,006 |
) |
|
$ |
2,750 |
|
The accompanying notes are an integral part of the condensed financial information.
HUNTSMAN CORPORATION (Parent Only)
STATEMENTS OF CASH FLOWS
(In Millions)
| |
|
Year ended December 31, |
|
| |
|
2025 |
|
|
2024 |
|
|
2023 |
|
| Operating activities: |
|
|
|
|
|
|
|
|
|
|
|
|
| Net (loss) income |
|
$ |
(284 |
) |
|
$ |
(189 |
) |
|
$ |
101 |
|
| Equity in loss of subsidiaries |
|
|
426 |
|
|
|
358 |
|
|
|
68 |
|
| Stock-based compensation |
|
|
2 |
|
|
|
1 |
|
|
|
1 |
|
| Changes in operating assets and liabilities |
|
|
(2 |
) |
|
|
2 |
|
|
|
— |
|
| Net cash provided by operating activities |
|
|
142 |
|
|
|
172 |
|
|
|
170 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Investing activities: |
|
|
|
|
|
|
|
|
|
|
|
|
| Net cash provided by investing activities |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Financing activities: |
|
|
|
|
|
|
|
|
|
|
|
|
| Dividends paid to common stockholders |
|
|
(146 |
) |
|
|
(174 |
) |
|
|
(169 |
) |
| Repurchase and cancellation of stock awards |
|
|
(3 |
) |
|
|
(5 |
) |
|
|
(10 |
) |
| Repurchase of common stock |
|
|
— |
|
|
|
(4 |
) |
|
|
(349 |
) |
| Proceeds from issuance of common stock |
|
|
— |
|
|
|
— |
|
|
|
5 |
|
| Increase in payable to affiliates |
|
|
6 |
|
|
|
13 |
|
|
|
352 |
|
| Other, net |
|
|
1 |
|
|
|
(2 |
) |
|
|
1 |
|
| Net cash used in financing activities |
|
|
(142 |
) |
|
|
(172 |
) |
|
|
(170 |
) |
| Decrease in cash and cash equivalents |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Cash and cash equivalents at beginning of period |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Cash and cash equivalents at end of period |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
The accompanying notes are an integral part of the condensed financial information.
|