2021 Q2 Form 10-Q Financial Statement

#000143774921018023 Filed on July 30, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $2.024B $1.247B
YoY Change 62.31% -30.1%
Cost Of Revenue $1.593B $1.085B
YoY Change 46.82% -23.1%
Gross Profit $431.0M $162.0M
YoY Change 166.05% -56.57%
Gross Profit Margin 21.29% 12.99%
Selling, General & Admin $209.0M $186.0M
YoY Change 12.37% 0.54%
% of Gross Profit 48.49% 114.81%
Research & Development $37.00M $32.00M
YoY Change 15.63% -15.79%
% of Gross Profit 8.58% 19.75%
Depreciation & Amortization $73.00M $69.00M
YoY Change 5.8% 0.0%
% of Gross Profit 16.94% 42.59%
Operating Expenses $222.0M $231.0M
YoY Change -3.9% 4.52%
Operating Profit $209.0M -$69.00M
YoY Change -402.9% -145.39%
Interest Expense -$18.00M -$21.00M
YoY Change -14.29% -27.59%
% of Operating Profit -8.61%
Other Income/Expense, Net $9.000M $7.000M
YoY Change 28.57% 75.0%
Pretax Income $213.0M -$77.00M
YoY Change -376.62% -163.64%
Income Tax $42.00M -$13.00M
% Of Pretax Income 19.72%
Net Earnings $156.0M -$62.00M
YoY Change -351.61% -156.36%
Net Earnings / Revenue 7.71% -4.97%
Basic Earnings Per Share $0.71 -$0.28
Diluted Earnings Per Share $0.70 -$0.28
COMMON SHARES
Basic Shares Outstanding 220.9M 219.7M
Diluted Shares Outstanding 222.9M 219.7M

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $510.0M $1.254B
YoY Change -59.33% 179.29%
Cash & Equivalents $510.0M $1.300B
Short-Term Investments
Other Short-Term Assets $209.0M $130.0M
YoY Change 60.77% 28.71%
Inventory $1.193B $885.0M
Prepaid Expenses
Receivables $1.110B $828.0M
Other Receivables $12.00M $7.000M
Total Short-Term Assets $3.034B $3.104B
YoY Change -2.26% 3.02%
LONG-TERM ASSETS
Property, Plant & Equipment $2.551B $2.457B
YoY Change 3.83% -19.36%
Goodwill $744.0M $522.0M
YoY Change 42.53% 89.82%
Intangibles $415.0M $408.0M
YoY Change 1.72% 92.45%
Long-Term Investments $433.0M $427.0M
YoY Change 1.41% -28.36%
Other Assets $618.0M $466.0M
YoY Change 32.62% -20.34%
Total Long-Term Assets $5.472B $5.022B
YoY Change 8.96% -8.47%
TOTAL ASSETS
Total Short-Term Assets $3.034B $3.104B
Total Long-Term Assets $5.472B $5.022B
Total Assets $8.506B $8.126B
YoY Change 4.68% -4.4%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $995.0M $587.0M
YoY Change 69.51% -34.63%
Accrued Expenses $480.0M $723.0M
YoY Change -33.61% 65.45%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $44.00M $650.0M
YoY Change -93.23% 185.09%
Total Short-Term Liabilities $1.614B $2.027B
YoY Change -20.37% 22.85%
LONG-TERM LIABILITIES
Long-Term Debt $1.521B $1.527B
YoY Change -0.39% -32.94%
Other Long-Term Liabilities $870.0M $806.0M
YoY Change 7.94% -20.2%
Total Long-Term Liabilities $2.391B $2.333B
YoY Change 2.49% -29.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.614B $2.027B
Total Long-Term Liabilities $2.391B $2.333B
Total Liabilities $4.621B $4.802B
YoY Change -3.77% -15.46%
SHAREHOLDERS EQUITY
Retained Earnings $1.714B $1.252B
YoY Change 36.9% 189.81%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.727B $3.181B
YoY Change
Total Liabilities & Shareholders Equity $8.506B $8.126B
YoY Change 4.68% -4.4%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $156.0M -$62.00M
YoY Change -351.61% -156.36%
Depreciation, Depletion And Amortization $73.00M $69.00M
YoY Change 5.8% 0.0%
Cash From Operating Activities -$7.000M $80.00M
YoY Change -108.75% -73.68%
INVESTING ACTIVITIES
Capital Expenditures -$76.00M -$55.00M
YoY Change 38.18% -16.67%
Acquisitions
YoY Change
Other Investing Activities $30.00M -$304.0M
YoY Change -109.87% -15300.0%
Cash From Investing Activities -$46.00M -$359.0M
YoY Change -87.19% 460.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -112.0M -63.00M
YoY Change 77.78% -72.73%
NET CHANGE
Cash From Operating Activities -7.000M 80.00M
Cash From Investing Activities -46.00M -359.0M
Cash From Financing Activities -112.0M -63.00M
Net Change In Cash -165.0M -342.0M
YoY Change -51.75% -3900.0%
FREE CASH FLOW
Cash From Operating Activities -$7.000M $80.00M
Capital Expenditures -$76.00M -$55.00M
Free Cash Flow $69.00M $135.0M
YoY Change -48.89% -63.51%

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CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1254000000 USD
us-gaap Interest Paid Net
InterestPaidNet
47000000 USD
us-gaap Interest Paid Net
InterestPaidNet
40000000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
76000000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
55000000 USD
us-gaap Nature Of Operations
NatureOfOperations
<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b><em style="font: inherit;">1.</em> GENERAL</b></p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><b>​</b></p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;font-variant:small-caps;margin:0pt;text-align:left;"><span style="text-transform:uppercase;"><b>C<span style="font-family:Times New Roman;font-size:7pt;">ertain</span> D<span style="font-family:Times New Roman;font-size:7pt;">efinitions</span></b></span></p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;font-variant:small-caps;margin:0pt;text-align:left;"><b>​</b></p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">For convenience in this report, the terms “Company,” “Huntsman,” “our,” “us” or “we” <em style="font: inherit;"> may </em>be used to refer to Huntsman Corporation and, unless the context otherwise requires, its subsidiaries and predecessors. In this report, “Huntsman International” refers to Huntsman International LLC (our wholly-owned subsidiary).</p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;font-variant:small-caps;margin:0pt;text-align:left;text-indent:36pt;"><b>​</b></p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">In this report, we <em style="font: inherit;"> may </em>use, without definition, the common names of competitors or other industry participants. We <em style="font: inherit;"> may </em>also use the common names or abbreviations for certain chemicals or products.</p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;font-variant:small-caps;margin:0pt;text-align:left;text-indent:36pt;"><b>​</b></p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;font-variant:small-caps;margin:0pt;text-align:left;"><span style="text-transform:uppercase;"><b>I<span style="font-family:Times New Roman;font-size:7pt;">nterim</span> F<span style="font-family:Times New Roman;font-size:7pt;">inancial</span> S<span style="font-family:Times New Roman;font-size:7pt;">tatements</span></b></span></p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;font-variant:small-caps;margin:0pt;text-align:left;"><b>​</b></p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">Our unaudited interim condensed consolidated financial statements and Huntsman International’s unaudited interim condensed consolidated financial statements were prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP” or “U.S. GAAP”) and in management’s opinion reflect all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of results of operations, comprehensive income (loss), financial position and cash flows for the periods presented. Results for interim periods are <em style="font: inherit;">not</em> necessarily indicative of those to be expected for the full year. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes to consolidated financial statements included in the Annual Report on Form <em style="font: inherit;">10</em>-K for the year ended <em style="font: inherit;"> December 31, 2020</em> for our Company and Huntsman International.</p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">​</p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;font-variant:small-caps;margin:0pt;text-align:left;"><span style="text-transform:uppercase;"><b>D<span style="font-family:Times New Roman;font-size:7pt;">escription</span> <span style="font-family:Times New Roman;font-size:7pt;">of</span> B<span style="font-family:Times New Roman;font-size:7pt;">usinesses</span></b></span></p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;font-variant:small-caps;margin:0pt;text-align:left;"><b>​</b></p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">We are a global manufacturer of differentiated organic chemical products. We operate in <span style="-sec-ix-hidden:c75043357">four</span> segments: Polyurethanes, Performance Products, Advanced Materials and Textile Effects. Our products comprise a broad range of chemicals and formulations, which we market globally to a diversified group of consumer and industrial customers. Our products are used in a wide range of applications, including those in the adhesives, aerospace, automotive, construction products, durable and non-durable consumer products, electronics, insulation, medical, packaging, coatings and construction, power generation, refining, synthetic fiber, textile chemicals and dyes industries. We are a leading global producer in many of our key product lines, including MDI, amines, maleic anhydride, epoxy-based polymer formulations, textile chemicals and dyes.</p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">​</p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">We operate our businesses through Huntsman International, our wholly-owned subsidiary. Huntsman International is a Delaware limited liability company and was formed in <em style="font: inherit;">1999.</em></p> <p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left"> </p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;/*! font-variant:small-caps; */margin:0pt;text-align:left;"><span style="text-transform:uppercase;"><b>H<span style="font-family:Times New Roman;font-size:7pt;">untsman</span> C<span style="font-family:Times New Roman;font-size:7pt;">orporation and </span>H<span style="font-family:Times New Roman;font-size:7pt;">untsman</span> I<span style="font-family:Times New Roman;font-size:7pt;">nternational</span> F<span style="font-family:Times New Roman;font-size:7pt;">inancial</span> S<span style="font-family:Times New Roman;font-size:7pt;">tatements</span></b></span></p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;font-variant:small-caps;margin:0pt;text-align:left;"><b>​</b></p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">Except where otherwise indicated, these notes relate to the condensed consolidated financial statements for both our Company and Huntsman International. The differences between our financial statements and Huntsman International’s financial statements relate primarily to the following:</p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">​</p> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;"><tbody><tr style="vertical-align: top;"><td style="width: 36pt;"> </td><td style="width: 18pt;"> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">●</p> </td><td> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">purchase accounting recorded at our Company for the <em style="font: inherit;">2003</em> step-acquisition of Huntsman International Holdings LLC, the former parent company of Huntsman International that was merged into Huntsman International in <em style="font: inherit;">2005;</em> and</p> </td></tr> </tbody></table> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">​</p> <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; text-indent: 0px;"><tbody><tr style="vertical-align: top;"><td style="width: 36pt;"> </td><td style="width: 18pt;"> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">●</p> </td><td> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">the different capital structures.</p> </td></tr> </tbody></table> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">​</p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">​</p><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><span style="text-transform:uppercase;"><b>P<span style="font-family:Times New Roman;font-size:7pt;">rinciples of</span> C<span style="font-family:Times New Roman;font-size:7pt;">onsolidation</span></b></span></p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;font-variant:small-caps;margin:0pt;text-align:left;"><b>​</b></p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-indent: 45pt;">Our condensed consolidated financial statements include the accounts of our wholly-owned and majority-owned subsidiaries and any variable interest entities for which we are the primary beneficiary. Intercompany accounts and transactions have been eliminated.</p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">​</p><p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;"/> <p style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0"> </p> <p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left;"><b style="text-transform:uppercase; font-size:10pt; font-variant-caps:small-caps">R<span style="font-family:Times New Roman; font-size:7pt">ecent </span>D<span style="font-family:Times New Roman; font-size:7pt">evelopments</span></b></p> <p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt;"><b>Senior Notes Refinancing</b></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt; text-align: left;">On <em style="font: inherit;"> May 26, 2021, </em>Huntsman International completed a $400 million offering of its 2.95% senior notes due <em style="font: inherit;">2031</em> (<em style="font: inherit;">“2031</em> Senior Notes”). On <em style="font: inherit;"> June 23, 2021, </em>Huntsman International applied the net proceeds from the offering, along with cash on hand, to redeem in full $400 million in aggregate principal amount of its 5.125% senior notes due <em style="font: inherit;">2022</em> (<em style="font: inherit;">“2022</em> Senior Notes”) and to pay accrued but unpaid interest of approximately $2 million. In addition, we paid redemption premiums and related fees and expenses of approximately $25 million and recognized a corresponding loss on early extinguishment of debt of $26 million in the <em style="font: inherit;">second</em> quarter of <em style="font: inherit;">2021.</em> For additional information, see “Note <em style="font: inherit;">8.</em> Debt—Direct and Subsidiary Debt—Senior Notes.”</p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt; text-align: left;"> </p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"><b>Amendments to Accounts Receivable Securitization Programs</b></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt -3pt; text-indent: 36pt;">On <em style="font: inherit;"> July 1, 2021, </em>we entered into amendments to our U.S. accounts receivable securitization program (“U.S. A/R Program”) and our European accounts receivable securitization program (“EU A/R Program” and collectively with the U.S. A/R Program, “A/R Programs”) that, among other things, extended the scheduled termination dates of our A/R Programs to <em style="font: inherit;"> July 2024. </em>For additional information, see “Note <em style="font: inherit;">8.</em> Debt—Direct and Subsidiary Debt—A/R Programs.”</p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-indent: 36pt; text-align: left;"> </p> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: left;"><b>Sale of India-Based Do-It-Yourself Consumer Adhesives Business</b></p> <p style="text-align: left; margin: 0pt;"> </p> <div style="font-size: 10pt; text-indent: 36pt;"> <p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt 0pt 0pt -3pt; text-indent: 36pt;">On <em style="font: inherit;"> November 3, 2020, </em>we completed the sale of the India-based DIY business to Pidilite Industries Ltd. and received cash of approximately $257 million. Under the terms of the agreement, we <em style="font: inherit;"> may </em>receive up to approximately $28 million of additional cash under an earnout provision if the business achieves within 18 months certain sales revenue targets in line with the DIY business' <em style="font: inherit;">2019</em> performance. The performance criteria of the earnout provision were satisfied in the <em style="font: inherit;">second</em> quarter of <em style="font: inherit;">2021,</em> and we received the full payment of $28 million. As a result, we recognized an additional pretax gain of $28 million in the <em style="font: inherit;">second</em> quarter, which was recorded in gain on sale of India-based DIY business in our condensed consolidated statements of operations.</p> </div> <div style="font-size:10pt"> <div style="font-family:&quot;Times New Roman&quot;"> <div style="font-variant: normal; margin: 0pt;">   </div> </div> </div> <p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left"><b style="text-transform: uppercase; font-size: 10pt; font-variant-caps: small-caps;"/></p><p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left"><b style="text-transform: uppercase; font-size: 10pt; font-variant-caps: small-caps;">U<span style="font-family:Times New Roman;font-size:7pt;">se of</span> </b><b style="text-transform: uppercase; font-size: 10pt; font-variant-caps: small-caps;">E<span style="font-family:Times New Roman;font-size:7pt;">stimates</span></b></p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;font-variant:small-caps;margin:0pt;text-align:left;"><b>​</b></p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p> <p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left"> </p><p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left"/>
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<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left"><b style="text-transform: uppercase; font-size: 10pt; font-variant-caps: small-caps;">U<span style="font-family:Times New Roman;font-size:7pt;">se of</span> </b><b style="text-transform: uppercase; font-size: 10pt; font-variant-caps: small-caps;">E<span style="font-family:Times New Roman;font-size:7pt;">stimates</span></b></p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;font-variant:small-caps;margin:0pt;text-align:left;"><b>​</b></p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p> <p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left"> </p>
hun Business Acquisition Pro Forma Net Income Loss Including Noncontrolling Interests
BusinessAcquisitionProFormaNetIncomeLossIncludingNoncontrollingInterests
641000000 USD
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BusinessAcquisitionsProFormaNetIncomeLoss
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us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
227000000 USD
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BusinessAcquisitionsProFormaRevenue
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us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
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us-gaap Business Acquisitions Pro Forma Revenue
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BusinessAcquisitionProFormaNetIncomeLossIncludingNoncontrollingInterests
-64000000 USD
hun Business Acquisition Pro Forma Net Income Loss Including Noncontrolling Interests
BusinessAcquisitionProFormaNetIncomeLossIncludingNoncontrollingInterests
260000000 USD
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180000000 USD
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CY2020Q4 us-gaap Inventory Gross
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CY2020Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
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CY2020Q4 us-gaap Inventory Net
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0.06 pure
CY2020Q4 us-gaap Percentage Of Lifo Inventory
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CY2020Q4 us-gaap Restructuring Reserve
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CY2021Q2 us-gaap Restructuring Reserve
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CY2021Q2 us-gaap Restructuring Reserve Current
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24000000 USD
CY2021Q2 us-gaap Restructuring Reserve Noncurrent
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16000000 USD
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7000000 USD
hun Restructuring Reserve Other Non Cash Charges
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CY2020Q2 hun Restructuring Impairment And Plant Closing Costs
RestructuringImpairmentAndPlantClosingCosts
19000000 USD
hun Restructuring Impairment And Plant Closing Costs
RestructuringImpairmentAndPlantClosingCosts
35000000 USD
hun Restructuring Impairment And Plant Closing Costs
RestructuringImpairmentAndPlantClosingCosts
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CY2021Q2 us-gaap Long Term Debt
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44000000 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
593000000 USD
CY2021Q2 us-gaap Long Term Debt Noncurrent
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1521000000 USD
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LongTermDebtNoncurrent
1528000000 USD
CY2021Q2 us-gaap Long Term Debt
LongTermDebt
1565000000 USD
CY2020Q4 us-gaap Long Term Debt
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CY2021Q2 us-gaap Deferred Finance Costs Net
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10000000 USD
CY2020Q4 us-gaap Deferred Finance Costs Net
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9000000 USD
CY2020Q1 us-gaap Notes Receivable Related Parties
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380000000 USD
CY2020Q2 us-gaap Dividends Common Stock
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36000000 USD
CY2020Q2 us-gaap Common Stock Dividends Per Share Cash Paid
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us-gaap Translation Adjustment For Net Investment Hedge Increase Decrease Net Of Tax
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us-gaap Translation Adjustment For Net Investment Hedge Increase Decrease Net Of Tax
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CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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3861000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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2840000000 USD
us-gaap Pension And Other Postretirement Benefit Contributions
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us-gaap Pension And Other Postretirement Benefit Contributions
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46000000 USD
CY2021Q2 us-gaap Defined Benefit Plan Expected Future Employer Contributions Remainder Of Fiscal Year
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29000000 USD
CY2020Q1 us-gaap Treasury Stock Shares Acquired
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CY2020Q1 us-gaap Treasury Stock Value Acquired Cost Method
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96000000 USD
CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
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0.1875
CY2021Q2 hun Common Stock Dividend Increase Percent
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0.15 pure
CY2021Q2 us-gaap Dividends Common Stock
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CY2020Q1 us-gaap Dividends Common Stock
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us-gaap Environmental Costs Recognized Capitalized In Period
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us-gaap Environmental Costs Recognized Capitalized In Period
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hun Maximum Period For Payment Of Remediation Liabilities
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CY2020Q2 us-gaap Allocated Share Based Compensation Expense
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us-gaap Allocated Share Based Compensation Expense
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us-gaap Allocated Share Based Compensation Expense
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us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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20.37
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CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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21.33
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y1M6D
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
26000000 USD
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3354000
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
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20.52
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CY2021Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
23000000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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11.48
CY2021Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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8000000 USD
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P1Y10M24D
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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8000000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
2000000 USD
us-gaap Proceeds From Stock Options Exercised
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6000000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1000000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
2000000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
1000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
76000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2021Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
155000000 USD
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IncomeLossFromContinuingOperations
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us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
237000000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
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CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
156000000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-62000000 USD
us-gaap Net Income Loss
NetIncomeLoss
239000000 USD
us-gaap Net Income Loss
NetIncomeLoss
643000000 USD
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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220900000
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
219700000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
220600000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
221400000
CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2000000.0
CY2020Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2100000
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222900000
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WeightedAverageNumberOfDilutedSharesOutstanding
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WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
221400000
us-gaap Number Of Reportable Segments
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4 pure
CY2021Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3861000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2840000000 USD
CY2021Q2 hun Income Loss From Operations Before Interest Tax Depreciation And Amortization Net
IncomeLossFromOperationsBeforeInterestTaxDepreciationAndAmortizationNet
334000000 USD
CY2020Q2 hun Income Loss From Operations Before Interest Tax Depreciation And Amortization Net
IncomeLossFromOperationsBeforeInterestTaxDepreciationAndAmortizationNet
54000000 USD
hun Income Loss From Operations Before Interest Tax Depreciation And Amortization Net
IncomeLossFromOperationsBeforeInterestTaxDepreciationAndAmortizationNet
623000000 USD
hun Income Loss From Operations Before Interest Tax Depreciation And Amortization Net
IncomeLossFromOperationsBeforeInterestTaxDepreciationAndAmortizationNet
219000000 USD
CY2021Q2 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-18000000 USD
CY2020Q2 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
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us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-37000000 USD
us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
-39000000 USD
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
42000000 USD
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
76000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2021Q2 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
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CY2020Q2 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
1000000 USD
us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
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us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
239000000 USD
CY2021Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
73000000 USD
CY2020Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
69000000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
147000000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
136000000 USD
CY2021Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
16000000 USD
CY2020Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3000000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
33000000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
6000000 USD
CY2021Q2 us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
5000000 USD
CY2020Q2 us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
8000000 USD
us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
14000000 USD
us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
21000000 USD
CY2021Q2 hun Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Before Income Tax Depreciation And Amortization
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTaxDepreciationAndAmortization
1000000 USD
CY2020Q2 hun Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Before Income Tax Depreciation And Amortization
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTaxDepreciationAndAmortization
6000000 USD
hun Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Before Income Tax Depreciation And Amortization
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTaxDepreciationAndAmortization
2000000 USD
hun Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Before Income Tax Depreciation And Amortization
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTaxDepreciationAndAmortization
1021000000 USD
CY2021Q2 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-6000000 USD
CY2020Q2 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
4000000 USD
us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-25000000 USD
us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-106000000 USD
CY2021Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-27000000 USD
CY2020Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-27000000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2021Q2 hun Litigation Settlements And Related Income
LitigationSettlementsAndRelatedIncome
8000000 USD
CY2020Q2 hun Litigation Settlements And Related Income
LitigationSettlementsAndRelatedIncome
4000000 USD
hun Litigation Settlements And Related Income
LitigationSettlementsAndRelatedIncome
10000000 USD
hun Litigation Settlements And Related Income
LitigationSettlementsAndRelatedIncome
6000000 USD
CY2021Q2 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
30000000 USD
CY2020Q2 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-1000000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
30000000 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
1000000 USD
CY2021Q2 hun Income From Transition Services Arrangements
IncomeFromTransitionServicesArrangements
3000000 USD
CY2020Q2 hun Income From Transition Services Arrangements
IncomeFromTransitionServicesArrangements
5000000 USD
hun Income From Transition Services Arrangements
IncomeFromTransitionServicesArrangements
4000000 USD
hun Income From Transition Services Arrangements
IncomeFromTransitionServicesArrangements
5000000 USD
CY2021Q2 hun Information Technology Project Implementation Costs
InformationTechnologyProjectImplementationCosts
3000000 USD
CY2020Q2 hun Information Technology Project Implementation Costs
InformationTechnologyProjectImplementationCosts
1000000 USD
hun Information Technology Project Implementation Costs
InformationTechnologyProjectImplementationCosts
4000000 USD
hun Information Technology Project Implementation Costs
InformationTechnologyProjectImplementationCosts
2000000 USD
CY2021Q2 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-21000000 USD
CY2020Q2 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-19000000 USD
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-43000000 USD
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-37000000 USD
CY2021Q2 hun Incident Remediation Costs Credits
IncidentRemediationCostsCredits
-3000000 USD
CY2020Q2 hun Incident Remediation Costs Credits
IncidentRemediationCostsCredits
1000000 USD
hun Incident Remediation Costs Credits
IncidentRemediationCostsCredits
1000000 USD
hun Incident Remediation Costs Credits
IncidentRemediationCostsCredits
1000000 USD
CY2021Q2 hun Restructuring Settlement Impairment And Transition Costs Credits
RestructuringSettlementImpairmentAndTransitionCostsCredits
12000000 USD
CY2020Q2 hun Restructuring Settlement Impairment And Transition Costs Credits
RestructuringSettlementImpairmentAndTransitionCostsCredits
19000000 USD
hun Restructuring Settlement Impairment And Transition Costs Credits
RestructuringSettlementImpairmentAndTransitionCostsCredits
36000000 USD
hun Restructuring Settlement Impairment And Transition Costs Credits
RestructuringSettlementImpairmentAndTransitionCostsCredits
22000000 USD
CY2021Q2 us-gaap Profit Loss
ProfitLoss
172000000 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
-59000000 USD
us-gaap Profit Loss
ProfitLoss
272000000 USD
us-gaap Profit Loss
ProfitLoss
649000000 USD
CY2021Q2 hun Restructuring Settlement Impairment And Transition Costs Credits
RestructuringSettlementImpairmentAndTransitionCostsCredits
12000000 USD
CY2020Q2 hun Restructuring Settlement Impairment And Transition Costs Credits
RestructuringSettlementImpairmentAndTransitionCostsCredits
19000000 USD
hun Restructuring Settlement Impairment And Transition Costs Credits
RestructuringSettlementImpairmentAndTransitionCostsCredits
36000000 USD
hun Restructuring Settlement Impairment And Transition Costs Credits
RestructuringSettlementImpairmentAndTransitionCostsCredits
22000000 USD

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