ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾

Quarterly report pursuant to Section 13 or 15(d)

OTHER COMPREHENSIVE INCOME (Tables)

v3.20.1
OTHER COMPREHENSIVE INCOME (Tables)
 3 Months Ended
Mar. 31, 2020
OTHER COMPREHENSIVE INCOME Ìý
Schedule of other comprehensive income

The components of other comprehensive income and changes in accumulated other comprehensive loss by component were as follows (dollars in millions):

�

ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

ÌýÌýÌýÌý

�

ÌýÌýÌýÌý

PensionÌýand

ÌýÌýÌýÌý

Other

ÌýÌýÌýÌý

�

ÌýÌýÌýÌý

�

ÌýÌýÌýÌý

�

ÌýÌýÌýÌý

�

�

�

Foreign

�

other

�

comprehensive

�

�

�

�

�

�

�

Amounts

�

Amounts

�

�

currency

�

postretirement

�

incomeÌýof

�

�

�

�

�

�

�

attributableÌýto

�

attributableÌýto

�

�

translation

�

benefits

�

unconsolidated

�

�

�

�

�

�

�

noncontrolling

�

ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾

�

�

adjustment(a)

�

adjustments(b)

�

affiliates

�

Other,Ìýnet

�

Total

�

interests

�

Corporation

Beginning balance, January 1, 2020

�

$

(369)

�

$

(1,031)

�

$

8

�

$

4

�

$

(1,388)

�

$

26

�

$

(1,362)

Other comprehensive (loss) income before reclassifications, gross

�

�

(67)

�

�

8

�

�

�

�

�

�

�

�

(59)

�

�

�

�

�

(59)

Tax benefit

�

�

(6)

�

�

�

�

�

�

�

�

�

�

�

(6)

�

�

�

�

�

(6)

Amounts reclassified from accumulated other comprehensive loss, gross(c)

�

�

�

�

�

58

�

�

�

�

�

�

�

�

58

�

�

�

�

�

58

Tax expense

�

�

�

�

�

(14)

�

�

�

�

�

�

�

�

(14)

�

�

�

�

�

(14)

Net current-period other comprehensive (loss) income

�

�

(73)

�

�

52

�

�

�

�

�

�

�

�

(21)

�

�

�

�

�

(21)

Ending balance, MarchÌý31,Ìý2020

�

$

(442)

�

$

(979)

�

$

8

�

$

4

�

$

(1,409)

�

$

26

�

$

(1,383)
(a) Amounts are net of tax of $74 and $68 as of March 31, 2020 and JanuaryÌý1, 2020, respectively.

�

(b) Amounts are net of tax of $134 and $148 as of March 31, 2020 and JanuaryÌý1, 2020, respectively.

�

(c) See table below for details about these reclassifications.

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

ÌýÌýÌýÌý

�

ÌýÌýÌýÌý

PensionÌýand

ÌýÌýÌýÌý

Other

ÌýÌýÌýÌý

�

ÌýÌýÌýÌý

�

ÌýÌýÌýÌý

�

ÌýÌýÌýÌý

�

�

�

Foreign

�

other

�

comprehensive

�

�

�

�

�

�

�

Amounts

�

Amounts

�

�

currency

�

postretirement

�

incomeÌýof

�

�

�

�

�

�

�

attributableÌýto

�

attributableÌýto

�

�

translation

�

benefits

�

unconsolidated

�

�

�

�

�

�

�

noncontrolling

�

ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾

�

�

adjustment(a)

�

adjustments(b)

�

affiliates

�

Other,Ìýnet

�

Total

�

interests

�

Corporation

Beginning balance, January 1, 2019

�

$

(371)

�

$

(994)

�

$

8

�

$

5

�

$

(1,352)

�

$

36

�

$

(1,316)

Other comprehensive income before reclassifications, gross

�

�

40

�

�

�

�

�

�

�

�

�

�

�

40

�

�

(2)

�

�

38

Tax benefit

�

�

2

�

�

�

�

�

�

�

�

�

�

�

2

�

�

�

�

�

2

Amounts reclassified from accumulated other comprehensive loss, gross(c)

�

�

�

�

�

15

�

�

�

�

�

�

�

�

15

�

�

�

�

�

15

Tax expense

�

�

�

�

�

(3)

�

�

�

�

�

�

�

�

(3)

�

�

�

�

�

(3)

Net current-period other comprehensive income

�

�

42

�

�

12

�

�

�

�

�

�

�

�

54

�

�

(2)

�

�

52

Ending balance, MarchÌý31,Ìý2019

�

$

(329)

�

$

(982)

�

$

8

�

$

5

�

$

(1,298)

�

$

34

�

$

(1,264)

(a)

Amounts are net of tax of $69 and $71 as of March 31, 2019 and JanuaryÌý1, 2019, respectively.

�

(b)

Amounts are net of tax of $132 and $135 as of March 31, 2019 and JanuaryÌý1, 2019, respectively.

�

(c)

See table below for details about these reclassifications.
Schedule of details about reclassifications from other comprehensive income

�

�

�

�

�

�

�

�

�

�

�

�

Three months ended MarchÌý31,Ìý

�

�

�

�

2020

�

2019

�

�

�

�

Amounts reclassified

�

Amounts reclassified

�

Affected line item in

�

�

from accumulated

�

from accumulated

�

the statement

�

�

other

�

other

�

where net income

Details about Accumulated Other

�

comprehensive loss

ÌýÌýÌýÌý

comprehensive loss

�

is presented

Comprehensive Loss Components(a):

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�

�

�

�

�

ÌýÌýÌýÌý

�

Amortization of pension and other postretirement benefits:

�

�

�

�

�

�

�

�

Prior service credit

�

$

(3)

�

$

(3)

�

(b)

Settlement loss

�

�

41

�

�

�

�

(c)

Actuarial loss

�

�

20

�

�

18

�

(b)(d)

�

�

�

58

�

�

15

�

Total before tax

�

�

�

(14)

�

�

(3)

�

IncomeÌýtax expense

Total reclassifications for the period

�

$

44

�

$

12

�

Net of tax
(a) Pension and other postretirement benefits amounts in parentheses indicate credits on our condensed consolidated statements of operations.

�

(b) These accumulated other comprehensive loss components are included in the computation of net periodic pension costs. See “Note 11. Employee Benefit Plans.�

�

(c) In connection with the sale of our Chemical Intermediates Businesses, we recognized $41 million of pension and other post-employment benefit settlement losses during the three months ended March 31, 2020.

�

(d) Amounts contain approximately $1 of actuarial losses related to discontinued operations for both the three months ended March 31, 2020 and 2019.
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES Ìý
OTHER COMPREHENSIVE INCOME Ìý
Schedule of other comprehensive income

ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International

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�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

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�

�

�

�

�

�

ÌýÌýÌýÌý

Foreign
currency
translation
adjustment(a)

ÌýÌýÌýÌý

Pension
andÌýother
postretirement
benefits
adjustments(b)

ÌýÌýÌýÌý

Other
comprehensive
incomeÌýof
unconsolidated
affiliates

ÌýÌýÌýÌý

Other,Ìýnet

ÌýÌýÌýÌý

Total

ÌýÌýÌýÌý

Amounts
attributableÌýto
noncontrolling
interests

ÌýÌýÌýÌý

Amounts
attributableÌýto
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾
International

Beginning balance, January 1, 2020

�

$

(374)

�

$

(1,012)

�

$

8

�

$

�

�

$

(1,378)

�

$

26

�

$

(1,352)

Other comprehensive (loss) income before reclassifications, gross

�

�

(67)

�

�

8

�

�

�

�

�

�

�

�

(59)

�

�

�

�

�

(59)

Tax benefit

�

�

(6)

�

�

�

�

�

�

�

�

�

�

�

(6)

�

�

�

�

�

(6)

Amounts reclassified from accumulated other comprehensive loss, gross(c)

�

�

�

�

�

59

�

�

�

�

�

�

�

�

59

�

�

�

�

�

59

Tax expense

�

�

�

�

�

(14)

�

�

�

�

�

�

�

�

(14)

�

�

�

�

�

(14)

Net current-period other comprehensive (loss) income

�

�

(73)

�

�

53

�

�

�

�

�

�

�

�

(20)

�

�

�

�

�

(20)

Ending balance, MarchÌý31,Ìý2020

�

$

(447)

�

$

(959)

�

$

8

�

$

�

�

$

(1,398)

�

$

26

�

$

(1,372)
(a) Amounts are net of tax of $61 and $55 as of March 31, 2020 and JanuaryÌý1, 2020 respectively.

�

(b) Amounts are net of tax of $160 and $174 as of March 31, 2020 and JanuaryÌý1, 2020, respectively.

�

(c) See table below for details about these reclassifications.

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

�

ÌýÌýÌýÌý

�

ÌýÌýÌýÌý

PensionÌýand

ÌýÌýÌýÌý

Other

ÌýÌýÌýÌý

�

ÌýÌýÌýÌý

�

ÌýÌýÌýÌý

�

ÌýÌýÌýÌý

�

�

�

Foreign

�

other

�

comprehensive

�

�

�

�

�

�

�

Amounts

�

Amounts

�

�

currency

�

postretirement

�

incomeÌýof

�

�

�

�

�

�

�

attributableÌýto

�

attributableÌýto

�

�

translation

�

benefits

�

unconsolidated

�

�

�

�

�

�

�

noncontrolling

�

ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾

�

�

adjustment(a)

�

adjustments(b)

�

affiliates

�

Other,Ìýnet

�

Total

�

interests

�

Corporation

Beginning balance, January 1, 2019

�

$

(376)

�

$

(977)

�

$

8

�

$

1

�

$

(1,344)

�

$

36

�

$

(1,308)

Other comprehensive income before reclassifications, gross

�

�

40

�

�

�

�

�

�

�

�

�

�

�

40

�

�

(2)

�

�

38

Tax benefit

�

�

1

�

�

�

�

�

�

�

�

�

�

�

1

�

�

�

�

�

1

Amounts reclassified from accumulated other comprehensive loss, gross(c)

�

�

�

�

�

16

�

�

�

�

�

�

�

�

16

�

�

�

�

�

16

Tax expense

�

�

�

�

�

(3)

�

�

�

�

�

�

�

�

(3)

�

�

�

�

�

(3)

Net current-period other comprehensive income

�

�

41

�

�

13

�

�

�

�

�

�

�

�

54

�

�

(2)

�

�

52

Ending balance, MarchÌý31,Ìý2019

�

$

(335)

�

$

(964)

�

$

8

�

$

1

�

$

(1,290)

�

$

34

�

$

(1,256)
(a) Amounts are net of tax of $56 and $57 as of March 31, 2019 and JanuaryÌý1, 2019, respectively.

�

(b) Amounts are net of tax of $158 and $161 as of March 31, 2019 and JanuaryÌý1, 2019, respectively.

�

(c) See table below for details about these reclassifications.
Schedule of details about reclassifications from other comprehensive income

�

�

�

�

�

�

�

�

�

�

�

�

�

�

Three months ended MarchÌý31,Ìý

�

�

�

�

2020

�

2019

�

�

�

�

Amounts reclassified

�

Amounts reclassified

�

Affected line item in

�

�

from accumulated

�

from accumulated

�

the statement

�

�

other

�

other

�

where net income

Details about Accumulated Other

�

comprehensive loss

ÌýÌýÌýÌý

comprehensive loss

�

is presented

Comprehensive Loss Components(a):

�

�

�

�

�

�

ÌýÌýÌýÌý

�

Amortization of pension and other postretirement benefits:

�

�

�

�

�

�

�

�

Prior service credit

�

$

(3)

�

$

(3)

�

(b)

Settlement loss

�

�

41

�

�

�

�

(c)

Actuarial loss

�

�

21

�

�

19

�

(b)(d)

�

�

�

59

�

�

16

�

Total before tax

�

�

�

(14)

�

�

(3)

�

IncomeÌýtaxÌýexpense

Total reclassifications for the period

�

$

45

�

$

13

�

Net of tax
(a) Pension and other postretirement benefits amounts in parentheses indicate credits on our condensed consolidated statements of operations.

�

(b) These accumulated other comprehensive loss components are included in the computation of net periodic pension costs. See “NoteÌý11. Employee Benefit Plans.â€�

�

(c) In connection with the sale of our Chemical Intermediates Businesses, we recognized $41 million of pension and other post-employment benefit settlement losses during the three months ended March 31, 2020.

�

(d) Amounts contain approximately $1 of actuarial losses related to discontinued operations for both the three months ended March 30, 2020 and 2019.