SELECTED UNAUDITED QUARTERLY FINANCIAL DATA (Tables)
|
12 Months Ended |
Dec. 31, 2017 |
|---|
| Quarterly Financial Information |
Ìý
|
| Summary of selected unaudited quarterly financial data |
A summary of selected unaudited quarterly financial data for the years ended December 31, 2016 and 2015 is as follows (dollars in millions, except per share amounts):
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Three months ended
|
|
Ìý
|
Ìý
|
MarchÌý31,Ìý
|
Ìý
|
JuneÌý30,Ìý
|
Ìý
|
SeptemberÌý30,Ìý
|
Ìý
|
DecemberÌý31,Ìý
|
|
Ìý
|
ÌýÌýÌýÌý
|
2017
|
ÌýÌýÌýÌý
|
2017
|
ÌýÌýÌýÌý
|
2017
|
ÌýÌýÌýÌý
|
2017(1)
|
|
Revenues
|
Ìý
|
$
|
1,932
|
Ìý
|
$
|
2,054
|
Ìý
|
$
|
2,169
|
Ìý
|
$
|
2,203
|
|
Gross profit
|
Ìý
|
Ìý
|
392
|
Ìý
|
Ìý
|
437
|
Ìý
|
Ìý
|
474
|
Ìý
|
Ìý
|
509
|
|
Restructuring, impairment and plant closing costs
|
Ìý
|
Ìý
|
Ìý9
|
Ìý
|
Ìý
|
Ìý3
|
Ìý
|
Ìý
|
Ìý1
|
Ìý
|
Ìý
|
Ìý7
|
|
Income from continuing operations
|
Ìý
|
Ìý
|
99
|
Ìý
|
Ìý
|
138
|
Ìý
|
Ìý
|
116
|
Ìý
|
Ìý
|
230
|
|
Net income
|
Ìý
|
Ìý
|
92
|
Ìý
|
Ìý
|
183
|
Ìý
|
Ìý
|
179
|
Ìý
|
Ìý
|
287
|
|
Net income attributable to noncontrolling interests(2)
|
Ìý
|
Ìý
|
16
|
Ìý
|
Ìý
|
16
|
Ìý
|
Ìý
|
32
|
Ìý
|
Ìý
|
41
|
|
Net income attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation
|
Ìý
|
Ìý
|
76
|
Ìý
|
Ìý
|
167
|
Ìý
|
Ìý
|
147
|
Ìý
|
Ìý
|
246
|
|
Basic income per share(3):
|
Ìý
|
Ìý
|
ÌýÌý
|
Ìý
|
Ìý
|
ÌýÌý
|
Ìý
|
Ìý
|
ÌýÌý
|
Ìý
|
Ìý
|
ÌýÌý
|
|
Income from continuing operations attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation common stockholders
|
Ìý
|
Ìý
|
0.35
|
Ìý
|
Ìý
|
0.51
|
Ìý
|
Ìý
|
0.36
|
Ìý
|
Ìý
|
0.79
|
|
Net income attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation common stockholders
|
Ìý
|
Ìý
|
0.32
|
Ìý
|
Ìý
|
0.70
|
Ìý
|
Ìý
|
0.62
|
Ìý
|
Ìý
|
1.03
|
|
Diluted income per share(3):
|
Ìý
|
Ìý
|
ÌýÌý
|
Ìý
|
Ìý
|
ÌýÌý
|
Ìý
|
Ìý
|
ÌýÌý
|
Ìý
|
Ìý
|
ÌýÌý
|
|
Income from continuing operations attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation common stockholders
|
Ìý
|
Ìý
|
0.34
|
Ìý
|
Ìý
|
0.50
|
Ìý
|
Ìý
|
0.34
|
Ìý
|
Ìý
|
0.77
|
|
Net income attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation common stockholders
|
Ìý
|
Ìý
|
0.31
|
Ìý
|
Ìý
|
0.69
|
Ìý
|
Ìý
|
0.60
|
Ìý
|
Ìý
|
1.00
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Three months ended
|
|
Ìý
|
Ìý
|
MarchÌý31,Ìý
|
Ìý
|
JuneÌý30,Ìý
|
Ìý
|
SeptemberÌý30,Ìý
|
Ìý
|
DecemberÌý31,Ìý
|
|
Ìý
|
ÌýÌýÌýÌý
|
2016
|
ÌýÌýÌýÌý
|
2016
|
ÌýÌýÌýÌý
|
2016
|
ÌýÌýÌýÌý
|
2016(4)
|
|
Revenues
|
Ìý
|
$
|
1,815
|
Ìý
|
$
|
1,968
|
Ìý
|
$
|
1,831
|
Ìý
|
$
|
1,904
|
|
Gross profit
|
Ìý
|
Ìý
|
390
|
Ìý
|
Ìý
|
424
|
Ìý
|
Ìý
|
356
|
Ìý
|
Ìý
|
356
|
|
Restructuring, impairment and plant closing costs (credits)
|
Ìý
|
Ìý
|
Ìý2
|
Ìý
|
Ìý
|
16
|
Ìý
|
Ìý
|
38
|
Ìý
|
Ìý
|
(9)
|
|
Income from continuing operations
|
Ìý
|
Ìý
|
85
|
Ìý
|
Ìý
|
107
|
Ìý
|
Ìý
|
40
|
Ìý
|
Ìý
|
133
|
|
Net income
|
Ìý
|
Ìý
|
62
|
Ìý
|
Ìý
|
94
|
Ìý
|
Ìý
|
64
|
Ìý
|
Ìý
|
137
|
|
Net income attributable to noncontrolling interests(2)
|
Ìý
|
Ìý
|
Ìý6
|
Ìý
|
Ìý
|
Ìý7
|
Ìý
|
Ìý
|
Ìý9
|
Ìý
|
Ìý
|
Ìý9
|
|
Net income attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation
|
Ìý
|
Ìý
|
56
|
Ìý
|
Ìý
|
87
|
Ìý
|
Ìý
|
55
|
Ìý
|
Ìý
|
128
|
|
Basic income per share(3):
|
Ìý
|
Ìý
|
ÌýÌý
|
Ìý
|
Ìý
|
ÌýÌý
|
Ìý
|
Ìý
|
ÌýÌý
|
Ìý
|
Ìý
|
ÌýÌý
|
|
Income from continuing operations attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation common stockholders
|
Ìý
|
Ìý
|
0.33
|
Ìý
|
Ìý
|
0.42
|
Ìý
|
Ìý
|
0.13
|
Ìý
|
Ìý
|
0.52
|
|
Net income attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation common stockholders
|
Ìý
|
Ìý
|
0.24
|
Ìý
|
Ìý
|
0.37
|
Ìý
|
Ìý
|
0.23
|
Ìý
|
Ìý
|
0.54
|
|
Diluted income per share(3):
|
Ìý
|
Ìý
|
ÌýÌý
|
Ìý
|
Ìý
|
ÌýÌý
|
Ìý
|
Ìý
|
ÌýÌý
|
Ìý
|
Ìý
|
ÌýÌý
|
|
Income from continuing operations attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation common stockholders
|
Ìý
|
Ìý
|
0.33
|
Ìý
|
Ìý
|
0.42
|
Ìý
|
Ìý
|
0.13
|
Ìý
|
Ìý
|
0.51
|
|
Net income attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation common stockholders
|
Ìý
|
Ìý
|
0.24
|
Ìý
|
Ìý
|
0.36
|
Ìý
|
Ìý
|
0.23
|
Ìý
|
Ìý
|
0.53
|
|
(1)
|
|
On December 22, 2017, the U.S. enacted the U.S. Tax Reform Act. During the fourth quarter of 2017, we and ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International recorded the impact of the U.S. Tax Reform Act which resulted in a net $52 million and $53Ìýmillion, respectively, income tax benefit.
|
|
(2)
|
|
In connection with the Venator IPO in August 2017, we separated the P&A Business and, beginning in the third quarter of 2017, we reported the results of operations of the P&A Business as discontinued operations in our consolidated financial statements for all periods presented. See “Note 3. Discontinued Operations and Business Dispositions—Separation of P&A Business.�
|
|
(3)
|
|
Basic and diluted income per share are computed independently for each of the quarters presented based on the weighted average number of common shares outstanding during that period. Therefore, the sum of quarterly basic and diluted per share information may not equal annual basic and diluted earnings per share.
|
|
(4)
|
|
On December 30, 2016, our Performance Products segment completed the sale of its European surfactants business to Innospec Inc. for $199 million in cash plus our retention of trade receivables and payables for an enterprise value of $225 million. For further information, see “Note 3. Discontinued Operations and Business Dispositions—Sale of European Surfactants Manufacturing Facilities.�
|
|
| HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES |
Ìý
|
| Quarterly Financial Information |
Ìý
|
| Summary of selected unaudited quarterly financial data |
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Three months ended
|
|
Ìý
|
ÌýÌýÌýÌý
|
MarchÌý31,Ìý
|
Ìý
|
JuneÌý30,Ìý
|
Ìý
|
SeptemberÌý30,Ìý
|
Ìý
|
DecemberÌý31,Ìý
|
|
Ìý
|
ÌýÌýÌýÌý
|
2017
|
ÌýÌýÌýÌý
|
2017
|
ÌýÌýÌýÌý
|
2017
|
ÌýÌýÌýÌý
|
2017(1)
|
|
Revenues
|
Ìý
|
$
|
1,932
|
Ìý
|
$
|
2,054
|
Ìý
|
$
|
2,169
|
Ìý
|
$
|
2,203
|
|
Gross profit
|
Ìý
|
Ìý
|
393
|
Ìý
|
Ìý
|
438
|
Ìý
|
Ìý
|
475
|
Ìý
|
Ìý
|
509
|
|
Restructuring, impairment and plant closing costs
|
Ìý
|
Ìý
|
Ìý9
|
Ìý
|
Ìý
|
Ìý3
|
Ìý
|
Ìý
|
Ìý1
|
Ìý
|
Ìý
|
Ìý7
|
|
Income from continuing operations
|
Ìý
|
Ìý
|
98
|
Ìý
|
Ìý
|
139
|
Ìý
|
Ìý
|
115
|
Ìý
|
Ìý
|
227
|
|
Net income
|
Ìý
|
Ìý
|
91
|
Ìý
|
Ìý
|
182
|
Ìý
|
Ìý
|
177
|
Ìý
|
Ìý
|
284
|
|
Net income attributable to noncontrolling interests(2)
|
Ìý
|
Ìý
|
16
|
Ìý
|
Ìý
|
16
|
Ìý
|
Ìý
|
32
|
Ìý
|
Ìý
|
41
|
|
Net income attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International
|
Ìý
|
Ìý
|
75
|
Ìý
|
Ìý
|
166
|
Ìý
|
Ìý
|
145
|
Ìý
|
Ìý
|
243
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Three months ended
|
|
Ìý
|
Ìý
|
MarchÌý31,Ìý
|
Ìý
|
JuneÌý30,Ìý
|
Ìý
|
SeptemberÌý30,Ìý
|
Ìý
|
DecemberÌý31,Ìý
|
|
Ìý
|
ÌýÌýÌýÌý
|
2016
|
ÌýÌýÌýÌý
|
2016
|
ÌýÌýÌýÌý
|
2016
|
ÌýÌýÌýÌý
|
2016(4)
|
|
Revenues
|
Ìý
|
$
|
1,815
|
Ìý
|
$
|
1,968
|
Ìý
|
$
|
1,831
|
Ìý
|
$
|
1,904
|
|
Gross profit
|
Ìý
|
Ìý
|
391
|
Ìý
|
Ìý
|
425
|
Ìý
|
Ìý
|
357
|
Ìý
|
Ìý
|
357
|
|
Restructuring, impairment and plant closing costs (credits)
|
Ìý
|
Ìý
|
Ìý2
|
Ìý
|
Ìý
|
16
|
Ìý
|
Ìý
|
38
|
Ìý
|
Ìý
|
(9)
|
|
Income from continuing operations
|
Ìý
|
Ìý
|
85
|
Ìý
|
Ìý
|
109
|
Ìý
|
Ìý
|
41
|
Ìý
|
Ìý
|
132
|
|
Net income
|
Ìý
|
Ìý
|
62
|
Ìý
|
Ìý
|
93
|
Ìý
|
Ìý
|
63
|
Ìý
|
Ìý
|
136
|
|
Net income attributable to noncontrolling interests(2)
|
Ìý
|
Ìý
|
Ìý6
|
Ìý
|
Ìý
|
Ìý7
|
Ìý
|
Ìý
|
Ìý9
|
Ìý
|
Ìý
|
Ìý9
|
|
Net income attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International
|
Ìý
|
Ìý
|
56
|
Ìý
|
Ìý
|
86
|
Ìý
|
Ìý
|
54
|
Ìý
|
Ìý
|
127
|
|
(1)
|
|
On December 22, 2017, the U.S. enacted the U.S. Tax Reform Act. During the fourth quarter of 2017, we and ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International recorded the impact of the U.S. Tax Reform Act which resulted in a net $52 million and $53Ìýmillion, respectively, income tax benefit.
|
|
(2)
|
|
In connection with the Venator IPO in August 2017, we separated the P&A Business and, beginning in the third quarter of 2017, we reported the results of operations of the P&A Business as discontinued operations in our consolidated financial statements for all periods presented. See “Note 3. Discontinued Operations and Business Dispositions—Separation of P&A Business.�
|
|
(3)
|
|
Basic and diluted income per share are computed independently for each of the quarters presented based on the weighted average number of common shares outstanding during that period. Therefore, the sum of quarterly basic and diluted per share information may not equal annual basic and diluted earnings per share.
|
|
(4)
|
|
On December 30, 2016, our Performance Products segment completed the sale of its European surfactants business to Innospec Inc. for $199 million in cash plus our retention of trade receivables and payables for an enterprise value of $225 million. For further information, see “Note 3. Discontinued Operations and Business Dispositions—Sale of European Surfactants Manufacturing Facilities.�
|
|