乐天堂fun88(中国区)官方网站 Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

DISCONTINUED OPERATIONS (Tables)

DISCONTINUED OPERATIONS (Tables)

9 Months Ended

Sep. 30, 2018

听

Summary of major classes of items held for sale and discontinued operations

The following table summarizes the major classes of assets and liabilities constituting assets and liabilities held for sale (dollars in millions):

听

听	听	听	听	听	听	听
听	听	September听30,听		听	December听31,听
听	听	2018		听听听听	2017
Carrying amounts of major classes of assets held for sale:	听	听	听	听	听	听
Accounts receivable	听	$	398	听	$	380
Inventories	听	听	513	听	听	454
Other current assets	听	听	337	听	听	318
Property, plant and equipment, net	听	听	1,679	听	听	1,424
Deferred income taxes	听	听	118	听	听	158
Other noncurrent assets	听	听	141	听	听	146
Valuation allowance(2)	听	听	(270)	听	听	听鈥�
Total assets held for sale(1)	听	$	2,916	听	$	2,880
Carrying amounts of major classes of liabilities held for sale:	听	听	听	听	听	听
Accounts payable	听	$	375	听	$	385
Accrued liabilities	听	听	146	听	听	236
Other current liabilities	听	听	16	听	听	25
Long-term debt	听	听	744	听	听	746
Other noncurrent liabilities	听	听	283	听	听	300
Total liabilities held for sale(1)	听	$	1,564	听	$	1,692

听

The following table summarizes major classes of line items constituting pretax and after-tax (loss) income of discontinued operations (dollars in millions):

听

乐天堂fun88(中国区)官方网站 Corporation

听

听	听	听	听	听	听	听	听	听	听	听	听
听	Three听months					听	Nine months
听	ended					听	ended
听	September听30,听					听	September听30,听
听	2018		听听听听	2017		听听听听	2018		听听听听	2017
Major classes of line items constituting pretax income of discontinued operations:	听	听	听	听	听	听	听	听	听	听	听
Trade sales, services and fees, net	$	539	听	$	589	听	$	1,796	听	$	1,700
Cost of goods sold	听	438	听	听	475	听	听	1,032	听	听	1,426
Other expense items, net that are not major	听	120	听	听	34	听	听	231	听	听	132
(Loss) income from discontinued operations before income taxes	听	(19)	听	听	80	听	听	533	听	听	142
Income tax benefit (expense)	听	52	听	听	(17)	听	听	(52)	听	听	(41)
Valuation allowance(2)	听	(270)	听	听	听鈥�	听	听	(270)	听	听	听鈥�
(Loss) income from discontinued operations, net of tax	听	(237)	听	听	63	听	听	211	听	听	101
Net income attributable to noncontrolling interests	听	(2)	听	听	(2)	听	听	(6)	听	听	(8)
Net (loss) income attributable to discontinued operations	$	(239)	听	$	61	听	$	205	听	$	93

听

HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES

听

DISCONTINUED OPERATIONS

听

Summary of major classes of items held for sale and discontinued operations

听

听	听	听	听	听	听	听	听	听	听	听	听
听	Three听months					听	Nine months
听	ended					听	ended
听	September听30,听					听	September听30,听
听	2018		听听听听	2017		听听听听	2018		听听听听	2017
Major classes of line items constituting pretax income of discontinued operations:	听	听	听	听	听	听	听	听	听	听	听
Trade sales, services and fees, net	$	539	听	$	589	听	$	1,796	听	$	1,700
Cost of goods sold	听	438	听	听	474	听	听	1,032	听	听	1,425
Other expense items, net that are not major	听	120	听	听	36	听	听	231	听	听	136
(Loss) income from discontinued operations before income taxes	听	(19)	听	听	79	听	听	533	听	听	139
Income tax benefit (expense)	听	52	听	听	(17)	听	听	(52)	听	听	(41)
Valuation allowance(2)	听	(270)	听	听	听鈥�	听	听	(270)	听	听	听鈥�
(Loss) income from discontinued operations, net of tax	听	(237)	听	听	62	听	听	211	听	听	98
Net income attributable to noncontrolling interests	听	(2)	听	听	(2)	听	听	(6)	听	听	(8)
Net (loss) income attributable to discontinued operations	$	(239)	听	$	60	听	$	205	听	$	90

听

(1)

We have presented Venator as held for sale as a single asset and liability in our condensed consolidated balance sheets. We are actively marketing our retained ownership in Venator at a reasonable price.

听

(2)

During the third quarter of 2018, we recognized a net after tax valuation allowance of $270 million to adjust the net carrying amount of Venator to the lower of cost or estimated fair value, less cost to sell. The fair value less cost to sell utilized the observable stock price of Venator plus an estimated control premium less estimated selling costs (Level 3).

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=109226691&loc=SL51724579-110230

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1474-107760

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5D
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721677-107760

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109222160&loc=SL51721533-107759

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721659-107760

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721665-107760

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5C
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721675-107760

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=109222650&loc=d3e1361-107760

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5A
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721671-107760

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5B
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721673-107760

Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 4A
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721663-107760

+ Details