OPERATING SEGMENT INFORMATION (Tables)
|
12 Months Ended |
Dec. 31, 2018 |
|---|
| OPERATING SEGMENT INFORMATION |
Ìý
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| Schedule of major products by reportable operating segment |
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Ìý
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Ìý
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|
Segment
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ÌýÌýÌýÌý
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Products
|
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Polyurethanes
|
Ìý
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MDI, PO, polyols, PG, TPU, aniline and MTBE
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PerformanceÌýProducts
|
Ìý
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Amines, surfactants, LAB, maleic anhydride, other performance chemicals, EG, olefins and technology licenses
|
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Advanced Materials
|
Ìý
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Basic liquid and solid epoxy resins; specialty resin compounds; cross-linking, matting and curing agents; epoxy, acrylic and polyurethane-based formulations
|
|
Textile Effects
|
Ìý
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Textile chemicals, dyes and digital inks
|
Ìý
|
| Schedule of revenues and EBITDA for each of the entity's reportable operating segments and reconciliation of adjusted EBITDA to net income |
The revenues and adjusted EBITDA for each of our reportable operating segments are as follows (dollars in millions):
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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|
Ìý
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Ìý
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Year ended DecemberÌý31,Ìý
|
|
Ìý
|
Ìý
|
2018
|
ÌýÌýÌýÌý
|
2017
|
ÌýÌýÌýÌý
|
2016
|
|
Revenues:
|
Ìý
|
Ìý
|
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Ìý
|
Ìý
|
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Ìý
|
Ìý
|
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
|
Polyurethanes
|
Ìý
|
$
|
5,094
|
Ìý
|
$
|
4,399
|
Ìý
|
$
|
3,667
|
|
Performance Products
|
Ìý
|
Ìý
|
2,355
|
Ìý
|
Ìý
|
2,109
|
Ìý
|
Ìý
|
2,126
|
|
Advanced Materials
|
Ìý
|
Ìý
|
1,116
|
Ìý
|
Ìý
|
1,040
|
Ìý
|
Ìý
|
1,020
|
|
Textile Effects
|
Ìý
|
Ìý
|
824
|
Ìý
|
Ìý
|
776
|
Ìý
|
Ìý
|
751
|
|
Corporate and eliminations
|
Ìý
|
Ìý
|
(10)
|
Ìý
|
Ìý
|
34
|
Ìý
|
Ìý
|
(46)
|
|
Total
|
Ìý
|
$
|
9,379
|
Ìý
|
$
|
8,358
|
Ìý
|
$
|
7,518
|
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Segment adjusted EBITDA(1):
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Polyurethanes
|
Ìý
|
$
|
946
|
Ìý
|
$
|
850
|
Ìý
|
$
|
569
|
|
Performance Products
|
Ìý
|
Ìý
|
367
|
Ìý
|
Ìý
|
296
|
Ìý
|
Ìý
|
316
|
|
Advanced Materials
|
Ìý
|
Ìý
|
225
|
Ìý
|
Ìý
|
219
|
Ìý
|
Ìý
|
223
|
|
Textile Effects
|
Ìý
|
Ìý
|
101
|
Ìý
|
Ìý
|
83
|
Ìý
|
Ìý
|
73
|
|
Corporate and other(2)
|
Ìý
|
Ìý
|
(170)
|
Ìý
|
Ìý
|
(189)
|
Ìý
|
Ìý
|
(184)
|
|
Total
|
Ìý
|
Ìý
|
1,469
|
Ìý
|
Ìý
|
1,259
|
Ìý
|
Ìý
|
997
|
|
Reconciliation of adjusted EBITDA to net income:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Interest expense—continuing operations
|
Ìý
|
Ìý
|
(115)
|
Ìý
|
Ìý
|
(165)
|
Ìý
|
Ìý
|
(203)
|
|
Interest (expense) income—discontinued operations
|
Ìý
|
Ìý
|
(36)
|
Ìý
|
Ìý
|
(19)
|
Ìý
|
Ìý
|
Ìý1
|
|
Income tax expense—continuing operations
|
Ìý
|
Ìý
|
(97)
|
Ìý
|
Ìý
|
(64)
|
Ìý
|
Ìý
|
(109)
|
|
Income tax (expense) benefit—discontinued operations
|
Ìý
|
Ìý
|
(34)
|
Ìý
|
Ìý
|
(67)
|
Ìý
|
Ìý
|
24
|
|
Depreciation and amortization—continuing operations
|
Ìý
|
Ìý
|
(343)
|
Ìý
|
Ìý
|
(319)
|
Ìý
|
Ìý
|
(318)
|
|
Depreciation and amortization—discontinued operations
|
Ìý
|
Ìý
|
Ìýâ€�
|
Ìý
|
Ìý
|
(68)
|
Ìý
|
Ìý
|
(114)
|
|
Net income attributable to noncontrolling interests
|
Ìý
|
Ìý
|
313
|
Ìý
|
Ìý
|
105
|
Ìý
|
Ìý
|
31
|
|
Other adjustments:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Business acquisition and integration expenses
|
Ìý
|
Ìý
|
(5)
|
Ìý
|
Ìý
|
(19)
|
Ìý
|
Ìý
|
(12)
|
|
Purchase accounting inventory adjustments
|
Ìý
|
Ìý
|
(4)
|
Ìý
|
Ìý
|
Ìýâ€�
|
Ìý
|
Ìý
|
Ìýâ€�
|
|
Merger costs
|
Ìý
|
Ìý
|
(2)
|
Ìý
|
Ìý
|
(28)
|
Ìý
|
Ìý
|
Ìýâ€�
|
|
EBITDA from discontinued operations
|
Ìý
|
Ìý
|
(125)
|
Ìý
|
Ìý
|
312
|
Ìý
|
Ìý
|
81
|
|
Noncontrolling interest of discontinued operations
|
Ìý
|
Ìý
|
(232)
|
Ìý
|
Ìý
|
(49)
|
Ìý
|
Ìý
|
(11)
|
|
Fair value adjustments to Venator investment
|
Ìý
|
Ìý
|
(62)
|
Ìý
|
Ìý
|
Ìýâ€�
|
Ìý
|
Ìý
|
Ìýâ€�
|
|
Loss on early extinguishment of debt
|
Ìý
|
Ìý
|
(3)
|
Ìý
|
Ìý
|
(54)
|
Ìý
|
Ìý
|
(3)
|
|
Certain legal settlements and related (expenses) income
|
Ìý
|
Ìý
|
(6)
|
Ìý
|
Ìý
|
11
|
Ìý
|
Ìý
|
(1)
|
|
Gain on sale of assets
|
Ìý
|
Ìý
|
Ìýâ€�
|
Ìý
|
Ìý
|
Ìý9
|
Ìý
|
Ìý
|
97
|
|
Amortization of pension and postretirement actuarial losses
|
Ìý
|
Ìý
|
(71)
|
Ìý
|
Ìý
|
(73)
|
Ìý
|
Ìý
|
(55)
|
|
Plant incident remediation costs
|
Ìý
|
Ìý
|
(1)
|
Ìý
|
Ìý
|
(16)
|
Ìý
|
Ìý
|
Ìýâ€�
|
|
U.S. Tax Reform Act impact on noncontrolling interest
|
Ìý
|
Ìý
|
Ìýâ€�
|
Ìý
|
Ìý
|
Ìý6
|
Ìý
|
Ìý
|
Ìýâ€�
|
|
Restructuring, impairment and plant closing and transition credits (costs)
|
Ìý
|
Ìý
|
Ìý4
|
Ìý
|
Ìý
|
(20)
|
Ìý
|
Ìý
|
(48)
|
|
Net income
|
Ìý
|
$
|
650
|
Ìý
|
$
|
741
|
Ìý
|
$
|
357
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Year ended DecemberÌý31,Ìý
|
|
Ìý
|
ÌýÌýÌýÌý
|
2018
|
ÌýÌýÌýÌý
|
2017
|
ÌýÌýÌýÌý
|
2016
|
|
Depreciation and Amortization:
|
Ìý
|
Ìý
|
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Ìý
|
Ìý
|
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Ìý
|
Ìý
|
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
|
Polyurethanes
|
Ìý
|
$
|
129
|
Ìý
|
$
|
116
|
Ìý
|
$
|
114
|
|
Performance Products
|
Ìý
|
Ìý
|
145
|
Ìý
|
Ìý
|
137
|
Ìý
|
Ìý
|
132
|
|
Advanced Materials
|
Ìý
|
Ìý
|
37
|
Ìý
|
Ìý
|
33
|
Ìý
|
Ìý
|
35
|
|
Textile Effects
|
Ìý
|
Ìý
|
16
|
Ìý
|
Ìý
|
14
|
Ìý
|
Ìý
|
15
|
|
Corporate and other
|
Ìý
|
Ìý
|
16
|
Ìý
|
Ìý
|
19
|
Ìý
|
Ìý
|
22
|
|
Total
|
Ìý
|
$
|
343
|
Ìý
|
$
|
319
|
Ìý
|
$
|
318
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Year ended DecemberÌý31,Ìý
|
|
Ìý
|
ÌýÌýÌýÌý
|
2018
|
ÌýÌýÌýÌý
|
2017
|
ÌýÌýÌýÌý
|
2016
|
|
Capital Expenditures:
|
Ìý
|
Ìý
|
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Ìý
|
Ìý
|
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Ìý
|
Ìý
|
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
|
Polyurethanes
|
Ìý
|
$
|
168
|
Ìý
|
$
|
162
|
Ìý
|
$
|
143
|
|
Performance Products
|
Ìý
|
Ìý
|
95
|
Ìý
|
Ìý
|
79
|
Ìý
|
Ìý
|
131
|
|
Advanced Materials
|
Ìý
|
Ìý
|
21
|
Ìý
|
Ìý
|
21
|
Ìý
|
Ìý
|
16
|
|
Textile Effects
|
Ìý
|
Ìý
|
21
|
Ìý
|
Ìý
|
16
|
Ìý
|
Ìý
|
19
|
|
Corporate and other
|
Ìý
|
Ìý
|
Ìý8
|
Ìý
|
Ìý
|
Ìý4
|
Ìý
|
Ìý
|
Ìý9
|
|
Total
|
Ìý
|
$
|
313
|
Ìý
|
$
|
282
|
Ìý
|
$
|
318
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
DecemberÌý31,Ìý
|
|
Ìý
|
ÌýÌýÌýÌý
|
Ìý
|
2018
|
ÌýÌýÌýÌý
|
Ìý
|
2017
|
ÌýÌýÌýÌý
|
Ìý
|
2016
|
|
Total Assets:
|
Ìý
|
Ìý
|
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Ìý
|
Ìý
|
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Ìý
|
Ìý
|
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
|
Polyurethanes
|
Ìý
|
$
|
3,427
|
Ìý
|
$
|
3,112
|
Ìý
|
$
|
2,677
|
|
Performance Products
|
Ìý
|
Ìý
|
2,088
|
Ìý
|
Ìý
|
2,069
|
Ìý
|
Ìý
|
2,046
|
|
Advanced Materials
|
Ìý
|
Ìý
|
796
|
Ìý
|
Ìý
|
796
|
Ìý
|
Ìý
|
728
|
|
Textile Effects
|
Ìý
|
Ìý
|
571
|
Ìý
|
Ìý
|
564
|
Ìý
|
Ìý
|
523
|
|
Corporate and other
|
Ìý
|
Ìý
|
1,071
|
Ìý
|
Ìý
|
823
|
Ìý
|
Ìý
|
975
|
|
Total
|
Ìý
|
$
|
7,953
|
Ìý
|
$
|
7,364
|
Ìý
|
$
|
6,949
|
Ìý
|
Ìý
|
|
|
(1)
We use segment adjusted EBITDA as the measure of each segment’s profit or loss. We believe that segment adjusted EBITDA more accurately reflects what management uses to make decisions about resources to be allocated to the segments and assess their financial performance. Segment adjusted EBITDA is defined as net income of ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation or ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ 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) business acquisition and integration expenses; (b) merger costs; (c)ÌýEBITDA from discontinued operations; (d) noncontrolling interest of discontinued operations; (e) fair value adjustments to Venator investment; (f) loss on early extinguishment of debt; (g) certain legal settlements and related income (expenses); (h)Ìýgain (loss) on sale of assets; (i) amortization of pension and postretirement actuarial losses; (j) plant incident remediation costs; (k) U.S. Tax Reform Act impact on noncontrolling interest; and (l) restructuring, impairment, plant closing and transition credits (costs).
Ìý
(2)
Corporate and other includes unallocated corporate overhead, unallocated foreign exchange gains and losses, LIFO inventory valuation reserve adjustments, nonoperating income and expense, benzene sales and gains and losses on the disposition of corporate assets.
|
Ìý
|
| Schedule of revenues and long-lived assets by geographical area |
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Year ended DecemberÌý31,Ìý
|
|
Ìý
|
ÌýÌýÌýÌý
|
Ìý
|
2018
|
ÌýÌýÌýÌý
|
Ìý
|
2017
|
ÌýÌýÌýÌý
|
Ìý
|
2016
|
|
Revenues by geographic area(1):
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
United States
|
Ìý
|
$
|
3,160
|
Ìý
|
$
|
2,729
|
Ìý
|
$
|
2,514
|
|
China
|
Ìý
|
Ìý
|
1,281
|
Ìý
|
Ìý
|
1,147
|
Ìý
|
Ìý
|
908
|
|
Mexico
|
Ìý
|
Ìý
|
587
|
Ìý
|
Ìý
|
481
|
Ìý
|
Ìý
|
433
|
|
Germany
|
Ìý
|
Ìý
|
537
|
Ìý
|
Ìý
|
508
|
Ìý
|
Ìý
|
466
|
|
Other nations
|
Ìý
|
Ìý
|
3,814
|
Ìý
|
Ìý
|
3,493
|
Ìý
|
Ìý
|
3,197
|
|
Total
|
Ìý
|
$
|
9,379
|
Ìý
|
$
|
8,358
|
Ìý
|
$
|
7,518
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
DecemberÌý31,Ìý
|
|
Ìý
|
ÌýÌýÌýÌý
|
Ìý
|
2018
|
ÌýÌýÌýÌý
|
Ìý
|
2017
|
ÌýÌýÌýÌý
|
Ìý
|
2016
|
|
Long-lived assets(2):
|
Ìý
|
Ìý
|
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Ìý
|
Ìý
|
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Ìý
|
Ìý
|
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
|
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
United States
|
Ìý
|
$
|
1,637
|
Ìý
|
$
|
1,597
|
Ìý
|
$
|
1,570
|
|
The Netherlands
|
Ìý
|
Ìý
|
331
|
Ìý
|
Ìý
|
343
|
Ìý
|
Ìý
|
294
|
|
China
|
Ìý
|
Ìý
|
247
|
Ìý
|
Ìý
|
268
|
Ìý
|
Ìý
|
235
|
|
Saudi Arabia
|
Ìý
|
Ìý
|
161
|
Ìý
|
Ìý
|
172
|
Ìý
|
Ìý
|
185
|
|
Germany
|
Ìý
|
Ìý
|
143
|
Ìý
|
Ìý
|
163
|
Ìý
|
Ìý
|
136
|
|
Switzerland
|
Ìý
|
Ìý
|
108
|
Ìý
|
Ìý
|
112
|
Ìý
|
Ìý
|
110
|
|
Singapore
|
Ìý
|
Ìý
|
96
|
Ìý
|
Ìý
|
100
|
Ìý
|
Ìý
|
110
|
|
Other nations
|
Ìý
|
Ìý
|
341
|
Ìý
|
Ìý
|
343
|
Ìý
|
Ìý
|
394
|
|
Total
|
Ìý
|
$
|
3,064
|
Ìý
|
$
|
3,098
|
Ìý
|
$
|
3,034
|
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
United States
|
Ìý
|
$
|
1,637
|
Ìý
|
$
|
1,594
|
Ìý
|
$
|
1,548
|
|
The Netherlands
|
Ìý
|
Ìý
|
331
|
Ìý
|
Ìý
|
343
|
Ìý
|
Ìý
|
294
|
|
China
|
Ìý
|
Ìý
|
247
|
Ìý
|
Ìý
|
268
|
Ìý
|
Ìý
|
235
|
|
Saudi Arabia
|
Ìý
|
Ìý
|
161
|
Ìý
|
Ìý
|
172
|
Ìý
|
Ìý
|
185
|
|
Germany
|
Ìý
|
Ìý
|
143
|
Ìý
|
Ìý
|
163
|
Ìý
|
Ìý
|
136
|
|
Switzerland
|
Ìý
|
Ìý
|
108
|
Ìý
|
Ìý
|
112
|
Ìý
|
Ìý
|
110
|
|
Singapore
|
Ìý
|
Ìý
|
96
|
Ìý
|
Ìý
|
100
|
Ìý
|
Ìý
|
110
|
|
Other nations
|
Ìý
|
Ìý
|
341
|
Ìý
|
Ìý
|
343
|
Ìý
|
Ìý
|
394
|
|
Total
|
Ìý
|
$
|
3,064
|
Ìý
|
$
|
3,095
|
Ìý
|
$
|
3,012
|
Ìý
|
|
(1)ÌýÌýÌýÌýGeographic information for revenues is based upon countries into which product is sold.
|
|
Ìý
|
|
(2)ÌýÌýÌýÌýLong‑lived assets consist of property, plant and equipment, net.
|
Ìý
|
| HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES |
Ìý
|
| OPERATING SEGMENT INFORMATION |
Ìý
|
| Schedule of revenues and EBITDA for each of the entity's reportable operating segments and reconciliation of adjusted EBITDA to net income |
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
Year ended DecemberÌý31,Ìý
|
|
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International:
|
Ìý
|
2018
|
ÌýÌýÌýÌý
|
2017
|
ÌýÌýÌýÌý
|
2016
|
|
Segment adjusted EBITDA(1):
|
Ìý
|
Ìý
|
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Ìý
|
Ìý
|
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Ìý
|
Ìý
|
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
|
Polyurethanes
|
Ìý
|
$
|
946
|
Ìý
|
$
|
850
|
Ìý
|
$
|
569
|
|
Performance Products
|
Ìý
|
Ìý
|
367
|
Ìý
|
Ìý
|
296
|
Ìý
|
Ìý
|
316
|
|
Advanced Materials
|
Ìý
|
Ìý
|
225
|
Ìý
|
Ìý
|
219
|
Ìý
|
Ìý
|
223
|
|
Textile Effects
|
Ìý
|
Ìý
|
101
|
Ìý
|
Ìý
|
83
|
Ìý
|
Ìý
|
73
|
|
Corporate and other(2)
|
Ìý
|
Ìý
|
(166)
|
Ìý
|
Ìý
|
(185)
|
Ìý
|
Ìý
|
(180)
|
|
Total
|
Ìý
|
Ìý
|
1,473
|
Ìý
|
Ìý
|
1,263
|
Ìý
|
Ìý
|
1,001
|
|
Reconciliation of adjusted EBITDA to net income:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Interest expense—continuing operations
|
Ìý
|
Ìý
|
(136)
|
Ìý
|
Ìý
|
(181)
|
Ìý
|
Ìý
|
(215)
|
|
Interest (expense) income—discontinued operations
|
Ìý
|
Ìý
|
(36)
|
Ìý
|
Ìý
|
(19)
|
Ìý
|
Ìý
|
Ìý1
|
|
Income tax expense—continuing operations
|
Ìý
|
Ìý
|
(93)
|
Ìý
|
Ìý
|
(61)
|
Ìý
|
Ìý
|
(108)
|
|
Income tax (expense) benefit—discontinued operations
|
Ìý
|
Ìý
|
(34)
|
Ìý
|
Ìý
|
(67)
|
Ìý
|
Ìý
|
24
|
|
Depreciation and amortization—continuing operations
|
Ìý
|
Ìý
|
(340)
|
Ìý
|
Ìý
|
(311)
|
Ìý
|
Ìý
|
(306)
|
|
Depreciation and amortization—discontinued operations
|
Ìý
|
Ìý
|
Ìýâ€�
|
Ìý
|
Ìý
|
(68)
|
Ìý
|
Ìý
|
(114)
|
|
Net income attributable to noncontrolling interests
|
Ìý
|
Ìý
|
313
|
Ìý
|
Ìý
|
105
|
Ìý
|
Ìý
|
31
|
|
Other adjustments:
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Business acquisition and integration expenses
|
Ìý
|
Ìý
|
(5)
|
Ìý
|
Ìý
|
(19)
|
Ìý
|
Ìý
|
(12)
|
|
Purchase accounting inventory adjustments
|
Ìý
|
Ìý
|
(4)
|
Ìý
|
Ìý
|
Ìýâ€�
|
Ìý
|
Ìý
|
Ìýâ€�
|
|
Merger costs
|
Ìý
|
Ìý
|
(2)
|
Ìý
|
Ìý
|
(28)
|
Ìý
|
Ìý
|
Ìýâ€�
|
|
EBITDA from discontinued operations
|
Ìý
|
Ìý
|
(125)
|
Ìý
|
Ìý
|
309
|
Ìý
|
Ìý
|
76
|
|
Noncontrolling interest of discontinued operations
|
Ìý
|
Ìý
|
(232)
|
Ìý
|
Ìý
|
(49)
|
Ìý
|
Ìý
|
(11)
|
|
Fair value adjustments to Venator investment
|
Ìý
|
Ìý
|
(62)
|
Ìý
|
Ìý
|
Ìýâ€�
|
Ìý
|
Ìý
|
Ìýâ€�
|
|
Loss on early extinguishment of debt
|
Ìý
|
Ìý
|
(3)
|
Ìý
|
Ìý
|
(54)
|
Ìý
|
Ìý
|
(3)
|
|
Certain legal settlements and related (expenses) income
|
Ìý
|
Ìý
|
(6)
|
Ìý
|
Ìý
|
11
|
Ìý
|
Ìý
|
(1)
|
|
Gain on sale of assets
|
Ìý
|
Ìý
|
Ìýâ€�
|
Ìý
|
Ìý
|
Ìý9
|
Ìý
|
Ìý
|
97
|
|
Amortization of pension and postretirement actuarial losses
|
Ìý
|
Ìý
|
(75)
|
Ìý
|
Ìý
|
(76)
|
Ìý
|
Ìý
|
(58)
|
|
Plant incident remediation costs
|
Ìý
|
Ìý
|
(1)
|
Ìý
|
Ìý
|
(16)
|
Ìý
|
Ìý
|
Ìýâ€�
|
|
U.S. Tax Reform Act impact on noncontrolling interest
|
Ìý
|
Ìý
|
Ìýâ€�
|
Ìý
|
Ìý
|
Ìý6
|
Ìý
|
Ìý
|
Ìýâ€�
|
|
Restructuring, impairment and plant closing and transition credits (costs)
|
Ìý
|
Ìý
|
Ìý4
|
Ìý
|
Ìý
|
(20)
|
Ìý
|
Ìý
|
(48)
|
|
Net income
|
Ìý
|
$
|
636
|
Ìý
|
$
|
734
|
Ìý
|
$
|
354
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
DecemberÌý31,Ìý
|
|
Ìý
|
ÌýÌýÌýÌý
|
Ìý
|
2018
|
ÌýÌýÌýÌý
|
Ìý
|
2017
|
ÌýÌýÌýÌý
|
Ìý
|
2016
|
|
Depreciation and Amortization:
|
Ìý
|
Ìý
|
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Ìý
|
Ìý
|
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Ìý
|
Ìý
|
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
|
Polyurethanes
|
Ìý
|
$
|
129
|
Ìý
|
$
|
116
|
Ìý
|
$
|
114
|
|
Performance Products
|
Ìý
|
Ìý
|
145
|
Ìý
|
Ìý
|
137
|
Ìý
|
Ìý
|
132
|
|
Advanced Materials
|
Ìý
|
Ìý
|
37
|
Ìý
|
Ìý
|
33
|
Ìý
|
Ìý
|
35
|
|
Textile Effects
|
Ìý
|
Ìý
|
16
|
Ìý
|
Ìý
|
14
|
Ìý
|
Ìý
|
15
|
|
Corporate and other
|
Ìý
|
Ìý
|
13
|
Ìý
|
Ìý
|
11
|
Ìý
|
Ìý
|
10
|
|
Total
|
Ìý
|
$
|
340
|
Ìý
|
$
|
311
|
Ìý
|
$
|
306
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
DecemberÌý31,Ìý
|
|
Ìý
|
ÌýÌýÌýÌý
|
Ìý
|
2018
|
ÌýÌýÌýÌý
|
Ìý
|
2017
|
ÌýÌýÌýÌý
|
Ìý
|
2016
|
|
Capital Expenditures:
|
Ìý
|
Ìý
|
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Ìý
|
Ìý
|
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Ìý
|
Ìý
|
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
|
Polyurethanes
|
Ìý
|
$
|
163
|
Ìý
|
$
|
162
|
Ìý
|
$
|
143
|
|
Performance Products
|
Ìý
|
Ìý
|
100
|
Ìý
|
Ìý
|
79
|
Ìý
|
Ìý
|
131
|
|
Advanced Materials
|
Ìý
|
Ìý
|
20
|
Ìý
|
Ìý
|
21
|
Ìý
|
Ìý
|
16
|
|
Textile Effects
|
Ìý
|
Ìý
|
20
|
Ìý
|
Ìý
|
16
|
Ìý
|
Ìý
|
19
|
|
Corporate and other
|
Ìý
|
Ìý
|
10
|
Ìý
|
Ìý
|
Ìý4
|
Ìý
|
Ìý
|
Ìý9
|
|
Total
|
Ìý
|
$
|
313
|
Ìý
|
$
|
282
|
Ìý
|
$
|
318
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
Ìý
|
|
Ìý
|
Ìý
|
DecemberÌý31,Ìý
|
|
Ìý
|
ÌýÌýÌýÌý
|
Ìý
|
2018
|
ÌýÌýÌýÌý
|
Ìý
|
2017
|
ÌýÌýÌýÌý
|
Ìý
|
2016
|
|
Total Assets:
|
Ìý
|
Ìý
|
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Ìý
|
Ìý
|
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
Ìý
|
Ìý
|
ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýÌý
|
|
Polyurethanes
|
Ìý
|
$
|
3,427
|
Ìý
|
$
|
3,109
|
Ìý
|
$
|
2,665
|
|
Performance Products
|
Ìý
|
Ìý
|
2,088
|
Ìý
|
Ìý
|
2,069
|
Ìý
|
Ìý
|
2,045
|
|
Advanced Materials
|
Ìý
|
Ìý
|
796
|
Ìý
|
Ìý
|
796
|
Ìý
|
Ìý
|
728
|
|
Textile Effects
|
Ìý
|
Ìý
|
571
|
Ìý
|
Ìý
|
564
|
Ìý
|
Ìý
|
523
|
|
Corporate and other
|
Ìý
|
Ìý
|
1,453
|
Ìý
|
Ìý
|
1,167
|
Ìý
|
Ìý
|
1,274
|
|
Total
|
Ìý
|
$
|
8,335
|
Ìý
|
$
|
7,705
|
Ìý
|
$
|
7,235
|
Ìý
|
|
(1)ÌýÌýÌýÌýÌýÌýÌýÌýÌýWe use segment adjusted EBITDA as the measure of each segment’s profit or loss. We believe that segment adjusted EBITDA more accurately reflects what management uses to make decisions about resources to be allocated to the segments and assess their financial performance. Segment adjusted EBITDA is defined as net income of ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation or ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ 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) business acquisition and integration expenses; (b) merger costs; (c)ÌýEBITDA from discontinued operations; (d) noncontrolling interest of discontinued operations; (e) fair value adjustments to Venator investment; (f) loss on early extinguishment of debt; (g) certain legal settlements and related income (expenses); (h)Ìýgain (loss) on sale of assets; (i) amortization of pension and postretirement actuarial losses; (j) plant incident remediation costs; (k) U.S. Tax Reform Act impact on noncontrolling interest; and (l) restructuring, impairment, plant closing and transition credits (costs).
(2)ÌýÌýÌýÌýÌýÌýÌýÌýÌýÌýCorporate and other includes unallocated corporate overhead, unallocated foreign exchange gains and losses, LIFO inventory valuation reserve adjustments, nonoperating income and expense, benzene sales and gains and losses on the disposition of corporate assets.
|
Ìý
|