2021 Q4 Form 10-Q Financial Statement

#000143774921024657 Filed on October 29, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $2.307B $2.285B $1.510B
YoY Change 38.31% 51.32% -10.49%
Cost Of Revenue $1.838B $1.802B $1.231B
YoY Change 40.74% 46.39% -8.61%
Gross Profit $469.0M $483.0M $279.0M
YoY Change 29.56% 73.12% -17.94%
Gross Profit Margin 20.33% 21.14% 18.48%
Selling, General & Admin $231.0M $204.0M $178.0M
YoY Change 8.96% 14.61% -7.77%
% of Gross Profit 49.25% 42.24% 63.8%
Research & Development $37.00M $38.00M $33.00M
YoY Change 8.82% 15.15% -5.71%
% of Gross Profit 7.89% 7.87% 11.83%
Depreciation & Amortization $77.00M $72.00M $70.00M
YoY Change 0.0% 2.86% 7.69%
% of Gross Profit 16.42% 14.91% 25.09%
Operating Expenses $248.0M $238.0M $220.0M
YoY Change 20.98% 8.18% 17.02%
Operating Profit $221.0M $245.0M $59.00M
YoY Change 40.76% 315.25% -61.18%
Interest Expense $10.00M -$15.00M -$24.00M
YoY Change 66.67% -37.5% -11.11%
% of Operating Profit 4.52% -6.12% -40.68%
Other Income/Expense, Net $9.000M $7.000M $10.00M
YoY Change 0.0% -30.0% 42.86%
Pretax Income $699.0M $268.0M $72.00M
YoY Change 73.02% 272.22% 2300.0%
Income Tax $95.00M $38.00M $15.00M
% Of Pretax Income 13.59% 14.18% 20.83%
Net Earnings $597.0M $209.0M $48.00M
YoY Change 74.05% 335.42% 60.0%
Net Earnings / Revenue 25.88% 9.15% 3.18%
Basic Earnings Per Share $0.95 $0.22
Diluted Earnings Per Share $2.726M $0.94 $0.22
COMMON SHARES
Basic Shares Outstanding 218.0M 219.4M 219.8M
Diluted Shares Outstanding 221.3M 221.3M

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.041B $505.0M $1.168B
YoY Change -34.65% -56.76% 179.43%
Cash & Equivalents $1.041B $505.0M $1.168B
Short-Term Investments
Other Short-Term Assets $167.0M $196.0M $125.0M
YoY Change -23.04% 56.8% 26.26%
Inventory $1.201B $1.174B $819.0M
Prepaid Expenses
Receivables $1.159B $1.216B $881.0M
Other Receivables $360.0M $23.00M $8.000M
Total Short-Term Assets $3.928B $3.114B $3.001B
YoY Change 10.09% 3.77% -19.52%
LONG-TERM ASSETS
Property, Plant & Equipment $2.576B $2.540B $2.477B
YoY Change 2.83% 2.54% 6.58%
Goodwill $650.0M $741.0M $523.0M
YoY Change 21.95% 41.68% 90.88%
Intangibles $469.0M $404.0M $403.0M
YoY Change 3.53% 0.25% 99.5%
Long-Term Investments $470.0M $466.0M $448.0M
YoY Change 26.01% 4.02% -1.32%
Other Assets $690.0M $605.0M $486.0M
YoY Change 25.91% 24.49% 12.24%
Total Long-Term Assets $5.464B $5.455B $5.096B
YoY Change 6.2% 7.04% 16.19%
TOTAL ASSETS
Total Short-Term Assets $3.928B $3.114B $3.001B
Total Long-Term Assets $5.464B $5.455B $5.096B
Total Assets $9.392B $8.569B $8.097B
YoY Change 7.79% 5.83% -0.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.148B $955.0M $696.0M
YoY Change 36.34% 37.21% -2.66%
Accrued Expenses $780.0M $569.0M $583.0M
YoY Change 70.31% -2.4% 43.6%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $12.00M $16.00M $567.0M
YoY Change -97.98% -97.18% 329.55%
Total Short-Term Liabilities $2.051B $1.624B $1.921B
YoY Change 3.64% -15.46% 0.84%
LONG-TERM LIABILITIES
Long-Term Debt $1.538B $1.567B $1.557B
YoY Change 0.65% 0.64% -29.36%
Other Long-Term Liabilities $713.0M $840.0M $789.0M
YoY Change -21.65% 6.46% -3.9%
Total Long-Term Liabilities $2.251B $2.407B $2.346B
YoY Change -7.67% 2.6% -22.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.051B $1.624B $1.921B
Total Long-Term Liabilities $2.251B $2.407B $2.346B
Total Liabilities $4.833B $4.615B $4.720B
YoY Change -4.11% -2.22% -13.82%
SHAREHOLDERS EQUITY
Retained Earnings $2.435B $1.881B $1.260B
YoY Change 55.69% 49.29% 197.17%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.378B $3.779B $3.222B
YoY Change
Total Liabilities & Shareholders Equity $9.392B $8.569B $8.097B
YoY Change 7.79% 5.83% -0.22%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $597.0M $209.0M $48.00M
YoY Change 74.05% 335.42% 60.0%
Depreciation, Depletion And Amortization $77.00M $72.00M $70.00M
YoY Change 0.0% 2.86% 7.69%
Cash From Operating Activities $790.0M $186.0M $83.00M
YoY Change 378.79% 124.1% -78.33%
INVESTING ACTIVITIES
Capital Expenditures -$92.00M -$76.00M -$54.00M
YoY Change 16.46% 40.74% 20.0%
Acquisitions
YoY Change
Other Investing Activities $7.000M $6.000M $7.000M
YoY Change -98.4% -14.29% -66.67%
Cash From Investing Activities -$85.00M -$70.00M -$47.00M
YoY Change -123.74% 48.94% 95.83%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -168.0M -118.0M -129.0M
YoY Change 54.13% -8.53% -66.32%
NET CHANGE
Cash From Operating Activities 790.0M 186.0M 83.00M
Cash From Investing Activities -85.00M -70.00M -47.00M
Cash From Financing Activities -168.0M -118.0M -129.0M
Net Change In Cash 537.0M -2.000M -93.00M
YoY Change 29.71% -97.85% 287.5%
FREE CASH FLOW
Cash From Operating Activities $790.0M $186.0M $83.00M
Capital Expenditures -$92.00M -$76.00M -$54.00M
Free Cash Flow $882.0M $262.0M $137.0M
YoY Change 261.48% 91.24% -67.99%

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<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 four 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;">​<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: &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: &quot;Times New Roman&quot;, 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 0pt 0pt 8pt; text-indent: -9pt;"><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; text-align: left; 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 from <em style="font: inherit;"> April 2022 </em>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: '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"><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>
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21.35
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P5Y9M18D
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
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20.59
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
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P5Y
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
31000000 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
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us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P1Y8M12D
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
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4000000 USD
us-gaap Proceeds From Stock Options Exercised
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us-gaap Proceeds From Stock Options Exercised
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2000000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
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1000000 USD
us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9000000 USD
CY2021Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
214000000 USD
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IncomeLossFromContinuingOperations
48000000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
451000000 USD
us-gaap Income Loss From Continuing Operations
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209000000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
48000000 USD
us-gaap Net Income Loss
NetIncomeLoss
448000000 USD
us-gaap Net Income Loss
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691000000 USD
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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219400000
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
219800000
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WeightedAverageNumberOfSharesOutstandingBasic
220200000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
220800000
CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1900000
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1500000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2000000.0
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
221300000
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
221300000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
222200000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
220800000
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4 pure
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2285000000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1510000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6146000000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4350000000 USD
CY2021Q3 hun Income Loss From Operations Before Interest Tax Depreciation And Amortization Net
IncomeLossFromOperationsBeforeInterestTaxDepreciationAndAmortizationNet
371000000 USD
CY2020Q3 hun Income Loss From Operations Before Interest Tax Depreciation And Amortization Net
IncomeLossFromOperationsBeforeInterestTaxDepreciationAndAmortizationNet
188000000 USD
hun Income Loss From Operations Before Interest Tax Depreciation And Amortization Net
IncomeLossFromOperationsBeforeInterestTaxDepreciationAndAmortizationNet
994000000 USD
hun Income Loss From Operations Before Interest Tax Depreciation And Amortization Net
IncomeLossFromOperationsBeforeInterestTaxDepreciationAndAmortizationNet
407000000 USD
CY2021Q3 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
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CY2020Q3 us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
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us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
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us-gaap Interest Income Expense Nonoperating Net
InterestIncomeExpenseNonoperatingNet
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CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
38000000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
114000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9000000 USD
CY2021Q3 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
5000000 USD
CY2020Q3 us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
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us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
5000000 USD
us-gaap Discontinued Operation Tax Effect Of Discontinued Operation
DiscontinuedOperationTaxEffectOfDiscontinuedOperation
239000000 USD
CY2021Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
72000000 USD
CY2020Q3 hun Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Before Income Tax Depreciation And Amortization
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTaxDepreciationAndAmortization
0 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
CY2021Q3 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-3000000 USD
CY2020Q3 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
6000000 USD
us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
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CY2020Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
70000000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
219000000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
206000000 USD
CY2021Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
16000000 USD
CY2020Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
9000000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
49000000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
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15000000 USD
CY2021Q3 us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
5000000 USD
CY2020Q3 us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
9000000 USD
us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
19000000 USD
us-gaap Business Combination Integration Related Costs
BusinessCombinationIntegrationRelatedCosts
30000000 USD
CY2021Q3 hun Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Before Income Tax Depreciation And Amortization
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodBeforeIncomeTaxDepreciationAndAmortization
0 USD
us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
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CY2021Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
CY2020Q3 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
CY2021Q3 hun Litigation Settlements And Related Income
LitigationSettlementsAndRelatedIncome
-0 USD
CY2020Q3 hun Litigation Settlements And Related Income
LitigationSettlementsAndRelatedIncome
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hun Litigation Settlements And Related Income
LitigationSettlementsAndRelatedIncome
10000000 USD
hun Litigation Settlements And Related Income
LitigationSettlementsAndRelatedIncome
2000000 USD
CY2021Q3 us-gaap Gain Loss On Disposition Of Assets1
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0 USD
CY2020Q3 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0 USD
us-gaap Gain Loss On Disposition Of Assets1
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30000000 USD
us-gaap Gain Loss On Disposition Of Assets1
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1000000 USD
CY2021Q3 hun Income From Transition Services Arrangements
IncomeFromTransitionServicesArrangements
2000000 USD
CY2020Q3 hun Income From Transition Services Arrangements
IncomeFromTransitionServicesArrangements
1000000 USD
hun Income From Transition Services Arrangements
IncomeFromTransitionServicesArrangements
6000000 USD
hun Income From Transition Services Arrangements
IncomeFromTransitionServicesArrangements
6000000 USD
CY2021Q3 hun Information Technology Project Implementation Costs
InformationTechnologyProjectImplementationCosts
2000000 USD
CY2020Q3 hun Information Technology Project Implementation Costs
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1000000 USD
hun Information Technology Project Implementation Costs
InformationTechnologyProjectImplementationCosts
6000000 USD
hun Information Technology Project Implementation Costs
InformationTechnologyProjectImplementationCosts
3000000 USD
CY2021Q3 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
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CY2020Q3 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
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us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
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us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
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CY2021Q3 hun Incident Remediation Costs Credits
IncidentRemediationCostsCredits
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CY2020Q3 hun Incident Remediation Costs Credits
IncidentRemediationCostsCredits
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IncidentRemediationCostsCredits
3000000 USD
hun Incident Remediation Costs Credits
IncidentRemediationCostsCredits
1000000 USD
CY2021Q3 hun Restructuring Settlement Impairment And Transition Costs Credits
RestructuringSettlementImpairmentAndTransitionCostsCredits
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CY2020Q3 hun Restructuring Settlement Impairment And Transition Costs Credits
RestructuringSettlementImpairmentAndTransitionCostsCredits
12000000 USD
hun Restructuring Settlement Impairment And Transition Costs Credits
RestructuringSettlementImpairmentAndTransitionCostsCredits
36000000 USD
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34000000 USD
CY2021Q3 us-gaap Profit Loss
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225000000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
57000000 USD
us-gaap Profit Loss
ProfitLoss
497000000 USD
us-gaap Profit Loss
ProfitLoss
706000000 USD

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