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)

OPERATING SEGMENT INFORMATION (Tables)

OPERATING SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2019

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Schedule of major products by reportable operating segment

听	听	听
Segment	听听听听	Products
Polyurethanes	听	MDI, PO, polyols, PG, TPU, aniline and MTBE
Performance听Products	听	Amines, surfactants, LAB, maleic anhydride, other performance chemicals, EG, olefins and technology licenses
Advanced Materials	听	Basic liquid and solid epoxy resins; specialty resin compounds; cross-linking, matting and curing agents; epoxy, acrylic and polyurethane-based formulations
Textile Effects	听	Textile chemicals, dyes and digital inks

听

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 EBITDA for each of our reportable operating segments are as follows (dollars in millions):

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听	听	听	听	听	听	听
听	听	Three听months
听	听	ended
听	听	March听31,听
听	听听听听	2019		听听听听	2018
Revenues:	听听听听	听	听	听	听	听
Polyurethanes	听	$	1,067	听	$	1,222
Performance Products	听	听	540	听	听	603
Advanced Materials	听	听	272	听	听	279
Textile Effects	听	听	189	听	听	200
Corporate and eliminations	听	听	(34)	听	听	(9)
Total	听	$	2,034	听	$	2,295
听	听	听	听	听	听	听
乐天堂fun88(中国区)官方网站 Corporation:	听	听	听	听	听	听
Segment adjusted EBITDA(1):	听	听	听	听	听	听
Polyurethanes	听	$	140	听	$	261
Performance Products	听	听	80	听	听	102
Advanced Materials	听	听	53	听	听	59
Textile Effects	听	听	22	听	听	26
Corporate and other(2)	听	听	(38)	听	听	(43)
Total	听	听	257	听	听	405
Reconciliation of adjusted EBITDA to net income:	听	听	听	听	听	听
Interest expense鈥攃ontinuing operations	听	听	(30)	听	听	(27)
Interest expense鈥攄iscontinued operations	听	听	听鈥�	听	听	(9)
Income tax expense鈥攃ontinuing operations	听	听	(52)	听	听	(53)
Income tax benefit (expense)鈥攄iscontinued operations	听	听	听2	听	听	(20)
Depreciation and amortization鈥攃ontinuing operations	听	听	(90)	听	听	(82)
Net income attributable to noncontrolling interests	听	听	12	听	听	76
Other adjustments:	听	听	听	听	听	听
Business acquisition and integration expenses	听	听	(1)	听	听	(1)
EBITDA from discontinued operations	听	听	(1)	听	听	143
Noncontrolling interest of discontinued operations	听	听	听鈥�	听	听	(55)
Fair value adjustments to Venator investment	听	听	76	听	听	听鈥�
Loss on early extinguishment of debt	听	听	(23)	听	听	听鈥�
Certain legal settlements and related expenses	听	听	听鈥�	听	听	(7)
Amortization of pension and postretirement actuarial losses	听	听	(18)	听	听	(17)
Restructuring, impairment and plant closing and transition costs	听	听	(1)	听	听	(3)
Net income	听	$	131	听	$	350

(1)

We use segment adjusted EBITDA as the measure of each segment鈥檚 profit or loss. We believe that segment adjusted EBITDA more accurately reflects what the chief operating decision maker 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 乐天堂fun88(中国区)官方网站 Corporation or 乐天堂fun88(中国区)官方网站 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)听EBITDA 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)听gain (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).

听

(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.

听

HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES

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OPERATING SEGMENT INFORMATION

听

Schedule of revenues and EBITDA for each of the entity's reportable operating segments and reconciliation of adjusted EBITDA to net income

听	听	Three听months
听	听	ended
听	听	March听31,听
听	听听听听	2019		听听听听	2018
乐天堂fun88(中国区)官方网站 International:	听	听	听	听	听	听
Segment adjusted EBITDA(1):	听	听	听	听	听	听
Polyurethanes	听	$	140	听	$	261
Performance Products	听	听	80	听	听	102
Advanced Materials	听	听	53	听	听	59
Textile Effects	听	听	22	听	听	26
Corporate and other(2)	听	听	(36)	听	听	(40)
Total	听	听	259	听	听	408
Reconciliation of adjusted EBITDA to net income:	听	听	听	听	听	听
Interest expense鈥攃ontinuing operations	听	听	(35)	听	听	(32)
Interest expense鈥攄iscontinued operations	听	听	听鈥�	听	听	(9)
Income tax expense鈥攃ontinuing operations	听	听	(51)	听	听	(52)
Income tax benefit (expense)鈥攄iscontinued operations	听	听	听2	听	听	(20)
Depreciation and amortization鈥攃ontinuing operations	听	听	(90)	听	听	(81)
Net income attributable to noncontrolling interests	听	听	12	听	听	76
Other adjustments:	听	听	听	听	听	听
Business acquisition and integration expenses	听	听	(1)	听	听	(1)
EBITDA from discontinued operations	听	听	(1)	听	听	143
Noncontrolling interest of discontinued operations	听	听	听鈥�	听	听	(55)
Fair value adjustments to Venator investment	听	听	76	听	听	听鈥�
Loss on early extinguishment of debt	听	听	(23)	听	听	听鈥�
Certain legal settlements and related expenses	听	听	听鈥�	听	听	(7)
Amortization of pension and postretirement actuarial losses	听	听	(19)	听	听	(20)
Restructuring, impairment and plant closing and transition costs	听	听	(1)	听	听	(3)
Net income	听	$	128	听	$	347

(1)听听听听听听听听听We use segment adjusted EBITDA as the measure of each segment鈥檚 profit or loss. We believe that segment adjusted EBITDA more accurately reflects what the chief operating decision maker 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 乐天堂fun88(中国区)官方网站 Corporation or 乐天堂fun88(中国区)官方网站 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)听EBITDA 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)听gain (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)听听听听听听听听听听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.