Quarterly report [Sections 13 or 15(d)]

Note 20 - Operating Segment Information - Financial Information By Segment (Details)

v3.26.1
Note 20 - Operating Segment Information - Financial Information By Segment (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Revenues $ 1,420 [1] $ 1,410  
Variable direct costs [2] 955 935  
Adjusted fixed costs [3] 370 371  
Other segment items [4] (5) 4  
Segment adjusted EBITDA [5] 110 108  
Interest expense, net (21) (19)  
Depreciation and amortization (73) (69)  
Corporate and other costs, net [6] (37) (36)  
Net income attributable to noncontrolling interests 12 16  
Certain legal and other settlements and related expenses, net (4) 33 [7]  
Extinguishment of Debt, Gain (Loss), Net of Tax (1)    
Amortization of pension and postretirement actuarial losses   (7)  
Income from continuing operations before income taxes (29) 27  
Income tax expense—continuing operations (11) (15)  
Loss from discontinued operations, net of tax (1) (1)  
Net (loss) income (41) 11  
Business acquisition and integration gain and purchase accounting adjustments, net   5  
Total 7,131   $ 7,015
Depreciation and amortization - continuing operations 73 69  
Capital expenditures 38 36  
Huntsman International LLC [Member]      
Revenues 1,420 1,410  
Variable direct costs [2] 955 935  
Adjusted fixed costs [3] 370 371  
Other segment items [4] (5) 4  
Segment adjusted EBITDA [5] 110 108  
Interest expense, net (21) (19)  
Depreciation and amortization (73) (69)  
Corporate and other costs, net [6] (35) (34)  
Net income attributable to noncontrolling interests 12 16  
Certain legal and other settlements and related expenses, net (4) 33 [7]  
Extinguishment of Debt, Gain (Loss), Net of Tax (1)    
Amortization of pension and postretirement actuarial losses   (7)  
Income from continuing operations before income taxes (27) [8] 29  
Income tax expense—continuing operations (11) (17)  
Loss from discontinued operations, net of tax (1) (1)  
Net (loss) income (39) 11  
Business acquisition and integration gain and purchase accounting adjustments, net   5  
Total 7,131   7,015
Depreciation and amortization - continuing operations 73 69  
Operating Segments [Member]      
Revenues [9] 1,430 1,418  
Depreciation and amortization (71) (67)  
Total 6,436   6,325
Depreciation and amortization - continuing operations 71 67  
Capital expenditures 37 35  
Operating Segments [Member] | Huntsman International LLC [Member]      
Revenues [9] 1,430 1,418  
Operating Segments [Member] | Polyurethanes [Member]      
Revenues [9] 923 [1] 912  
Variable direct costs [2] 698 682  
Adjusted fixed costs [3] 185 186  
Other segment items [4] 1 2  
Segment adjusted EBITDA [5] 39 42  
Depreciation and amortization (43) (39)  
Amortization of pension and postretirement actuarial losses (7)    
Restructuring, impairment and plant closing and transition costs [8]   (4)  
Income from continuing operations before income taxes   27  
Income tax expense—continuing operations   (15)  
Total 4,138   4,045
Depreciation and amortization - continuing operations 43 39  
Capital expenditures 21 17  
Operating Segments [Member] | Polyurethanes [Member] | Huntsman International LLC [Member]      
Revenues [9] 923 912  
Variable direct costs [2] 698 682  
Adjusted fixed costs [3] 185 186  
Other segment items [4] 1 2  
Segment adjusted EBITDA [5] 39 42  
Restructuring, impairment and plant closing and transition costs [8]   (4)  
Income from continuing operations before income taxes   29  
Income tax expense—continuing operations   (17)  
Operating Segments [Member] | Performance Products [Member]      
Revenues [9] 228 [1] 257  
Variable direct costs [2] 126 137  
Adjusted fixed costs [3] 77 84  
Other segment items [4] (1) 6  
Segment adjusted EBITDA [5] 26 30  
Depreciation and amortization (16) (15)  
Restructuring, impairment and plant closing and transition costs [8] (8)    
Income from continuing operations before income taxes (29)    
Total 1,180   1,185
Depreciation and amortization - continuing operations 16 15  
Capital expenditures 8 14  
Operating Segments [Member] | Performance Products [Member] | Huntsman International LLC [Member]      
Revenues [9] 228 257  
Variable direct costs [2] 126 137  
Adjusted fixed costs [3] 77 84  
Other segment items [4] (1) 6  
Segment adjusted EBITDA [5] 26 30  
Operating Segments [Member] | Advanced Materials [Member]      
Revenues [9] 279 [1] 249  
Variable direct costs [2] 131 116  
Adjusted fixed costs [3] 108 101  
Other segment items [4] (5) (4)  
Segment adjusted EBITDA [5] 45 36  
Depreciation and amortization (12) (13)  
Total 1,118   1,095
Depreciation and amortization - continuing operations 12 13  
Capital expenditures 8 4  
Operating Segments [Member] | Advanced Materials [Member] | Huntsman International LLC [Member]      
Revenues [9] 279 249  
Variable direct costs [2] 131 116  
Adjusted fixed costs [3] 108 101  
Other segment items [4] (5) (4)  
Segment adjusted EBITDA [5] 45 36  
Corporate and Reconciling Items [Member]      
Revenues (10) [1] (8)  
Depreciation and amortization (2) (2)  
Total 695   $ 690
Depreciation and amortization - continuing operations 2 2  
Capital expenditures $ 1 $ 1  
[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 an adjustment to remove the related effects of restructuring, impairment and plant closing and transition costs.
[4] Other segment items include other operating and non-operating income and expense items and foreign currency exchange effects, less adjustments to remove the related effects of primarily the following items: business acquisition and integration gain (expenses) and purchase accounting inventory adjustments, net; certain legal and other settlements and related income (expenses), net; amortization of pension and postretirement actuarial losses; loss on sale of business/assets; and restructuring, impairment and plant closing and transition costs.
[5] We use segment adjusted EBITDA as the measure of each segment’s profit or loss. Segment adjusted EBITDA is the measure that our chief operating decision maker (“CODM”), 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. Our CODM evaluates segment adjusted EBITDA through the annual budget process as well as through ongoing periodic reviews of forecasts, budget-to-actual variances, changes from prior periods and when comparing the results of each reportable operating segment with one another. 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) certain legal and other settlements and related (expenses) income, net; (b) amortization of pension and postretirement actuarial losses; (c) restructuring, impairment, plant closing and transition costs; (d) loss from discontinued operations, net of tax; and (e) business acquisition and integration gain and purchase accounting inventory adjustments, net.
[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] Certain legal and other settlements and related income, net includes approximately $33 million for income associated with a litigation matter during the first quarter of 2025. See “Note 15. Commitments and Contingencies—Legal Matters.”
[8] 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].
[9] A reconciliation of total reportable segments’ revenues to total consolidated revenues is provided in “Note 11. Revenue Recognition.”