Huntsman Corporation Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Note 20 - Operating Segment Information (Tables)

Note 20 - Operating Segment Information (Tables)

9 Months Ended

Sep. 30, 2026

	*Three months ended September 30, 2026*
	*Polyurethanes*		*Performance Products*			*Advanced Materials*			*Total*
Revenues:
Reportable segments’ revenues⁽¹⁾	$	1,152	$	260		$	314		$	1,726

Significant segment expenses:
Variable direct costs⁽²⁾		892		149			148			1,189
Adjusted fixed costs⁽³⁾		184		84			108			376
Other segment items⁽⁴⁾		1		(4	)		(4	)		(7	)
Total reportable segments’ adjusted EBITDA⁽⁵⁾	$	75	$	31		$	62			168

Reconciliation of total reportable segments’ adjusted EBITDA to income from continuing operations before income taxes:
Interest expense, net										(23	)
Depreciation and amortization										(77	)
Corporate and other costs, net⁽⁶⁾										(36	)
Net income attributable to noncontrolling interests										13
Other adjustments:
Certain legal and other settlements and related expenses, net										(4	)
Expenses associated with the proposed merger										(3	)
Amortization of pension and postretirement actuarial losses										(7	)
Restructuring, impairment and plant closing and transition costs⁽⁷⁾										(5	)
Income from continuing operations before income taxes										26

Income tax expense—continuing operations										(28	)
Loss from discontinued operations, net of tax										(3	)
Net loss									$	(5	)

	*Three months ended September 30, 2025*
	*Polyurethanes*		*Performance Products*			*Advanced Materials*			*Total*
Revenues:
Reportable segments’ revenues⁽¹⁾	$	956	$	246		$	265		$	1,467

Significant segment expenses:
Variable direct costs⁽²⁾		710		141			123			974
Adjusted fixed costs⁽³⁾		196		81			102			379
Other segment items⁽⁴⁾		2		(5	)		(4	)		(7	)
Total reportable segments’ adjusted EBITDA⁽⁵⁾	$	48	$	29		$	44			121

Reconciliation of total reportable segments’ adjusted EBITDA to loss from continuing operations before income taxes:
Interest expense, net										(20	)
Depreciation and amortization										(73	)
Corporate and other costs, net⁽⁶⁾										(27	)
Net income attributable to noncontrolling interests										14
Other adjustments:
Loss on sale of business/assets, net										(2	)
Amortization of pension and postretirement actuarial losses										(8	)
Restructuring, impairment and plant closing and transition costs⁽⁷⁾										(12	)
Loss from continuing operations before income taxes										(7	)

Income tax expense—continuing operations										(3	)
Loss from discontinued operations, net of tax										(1	)
Net loss									$	(11	)

	*Nine months ended September 30, 2026*
	*Polyurethanes*		*Performance Products*			*Advanced Materials*			*Total*
Revenues:
Reportable segments’ revenues⁽¹⁾	$	3,154	$	771		$	906		$	4,831

Significant segment expenses:
Variable direct costs⁽²⁾		2,400		433			422			3,255
Adjusted fixed costs⁽³⁾		572		249			324			1,145
Other segment items⁽⁴⁾		2		(5	)		(11	)		(14	)
Total reportable segments’ adjusted EBITDA⁽⁵⁾	$	180	$	94		$	171			445

Reconciliation of total reportable segments’ adjusted EBITDA to income from continuing operations before income taxes:
Interest expense, net										(67	)
Depreciation and amortization										(227	)
Corporate and other costs, net⁽⁶⁾										(120	)
Net income attributable to noncontrolling interests										38
Other adjustments:
Certain legal and other settlements and related expenses, net										(15	)
Gain on sale of business/assets, net⁽⁸⁾										22
Expenses associated with the proposed merger										(8	)
Loss on early extinguishment of debt										(1	)
Amortization of pension and postretirement actuarial losses										(21	)
Restructuring, impairment and plant closing and transition costs⁽⁷⁾										(23	)
Income from continuing operations before income taxes										23

Income tax expense—continuing operations										(56	)
Loss from discontinued operations, net of tax										(6	)
Net loss									$	(39	)

	*Nine months ended September 30, 2025*
	*Polyurethanes*		*Performance Products*			*Advanced Materials*			*Total*
Revenues:
Reportable segments’ revenues⁽¹⁾	$	2,800	$	773		$	778		$	4,351

Significant segment expenses:
Variable direct costs⁽²⁾		2,092		424			362			2,878
Adjusted fixed costs⁽³⁾		580		260			303			1,143
Other segment items⁽⁴⁾		7		(2	)		(12	)		(7	)
Total reportable segments’ adjusted EBITDA⁽⁵⁾	$	121	$	91		$	125			337

Reconciliation of total reportable segments’ adjusted EBITDA to loss from continuing operations before income taxes:
Interest expense, net										(60	)
Depreciation and amortization										(214	)
Corporate and other costs, net⁽⁶⁾										(97	)
Net income attributable to noncontrolling interests										43
Other adjustments:
Business acquisition and integration gain and purchase accounting inventory adjustments, net										5
Certain legal and other settlements and related income, net⁽⁹⁾										32
Loss on sale of business/assets, net										(2	)
Amortization of pension and postretirement actuarial losses										(22	)
Restructuring, impairment and plant closing and transition costs⁽⁷⁾										(141	)
Loss from continuing operations before income taxes										(119	)

Income tax expense—continuing operations										(25	)
Loss from discontinued operations, net of tax										(1	)
Net loss									$	(145	)

	*Three months ended September 30, 2026*
	*Polyurethanes*		*Performance Products*			*Advanced Materials*			*Total*
Revenues:
Reportable segments’ revenues⁽¹⁾	$	1,152	$	260		$	314		$	1,726

Significant segment expenses:
Variable direct costs⁽²⁾		892		149			148			1,189
Adjusted fixed costs⁽³⁾		184		84			108			376
Other segment items⁽⁴⁾		1		(4	)		(4	)		(7	)
Total reportable segments’ adjusted EBITDA⁽⁵⁾	$	75	$	31		$	62			168

Reconciliation of total reportable segments’ adjusted EBITDA to income from continuing operations before income taxes:
Interest expense, net										(23	)
Depreciation and amortization										(77	)
Corporate and other costs, net⁽⁶⁾										(35	)
Net income attributable to noncontrolling interests										13
Other adjustments:
Certain legal and other settlements and related expenses, net										(4	)
Expenses associated with the proposed merger										(3	)
Amortization of pension and postretirement actuarial losses										(7	)
Restructuring, impairment and plant closing and transition costs⁽⁷⁾										(5	)
Income from continuing operations before income taxes										27

Income tax expense—continuing operations										(31	)
Loss from discontinued operations, net of tax										(3	)
Net loss									$	(7	)

	*Three months ended September 30, 2025*
	*Polyurethanes*		*Performance Products*			*Advanced Materials*			*Total*
Revenues:
Reportable segments’ revenues⁽¹⁾	$	956	$	246		$	265		$	1,467

Significant segment expenses:
Variable direct costs⁽²⁾		710		141			123			974
Adjusted fixed costs⁽³⁾		196		81			102			379
Other segment items⁽⁴⁾		2		(5	)		(4	)		(7	)
Total reportable segments’ adjusted EBITDA⁽⁵⁾	$	48	$	29		$	44			121

Reconciliation of total reportable segments’ adjusted EBITDA to loss from continuing operations before income taxes:
Interest expense, net										(20	)
Depreciation and amortization										(73	)
Corporate and other costs, net⁽⁶⁾										(26	)
Net income attributable to noncontrolling interests										14
Other adjustments:
Loss on sale of business/assets, net										(2	)
Amortization of pension and postretirement actuarial losses										(8	)
Restructuring, impairment and plant closing and transition costs⁽⁷⁾										(12	)
Loss from continuing operations before income taxes										(6	)

Income tax expense—continuing operations										(4	)
Loss from discontinued operations, net of tax										(1	)
Net loss									$	(11	)

	*Nine months ended September 30, 2026*
	*Polyurethanes*		*Performance Products*			*Advanced Materials*			*Total*
Revenues:
Reportable segments’ revenues⁽¹⁾	$	3,154	$	771		$	906		$	4,831

Significant segment expenses:
Variable direct costs⁽²⁾		2,400		433			422			3,255
Adjusted fixed costs⁽³⁾		572		249			324			1,145
Other segment items⁽⁴⁾		2		(5	)		(11	)		(14	)
Total reportable segments’ adjusted EBITDA⁽⁵⁾	$	180	$	94		$	171			445

Reconciliation of total reportable segments’ adjusted EBITDA to income from continuing operations before income taxes:
Interest expense, net										(67	)
Depreciation and amortization										(227	)
Corporate and other costs, net⁽⁶⁾										(117	)
Net income attributable to noncontrolling interests										38
Other adjustments:
Certain legal and other settlements and related expenses, net										(15	)
Gain on sale of business/assets, net⁽⁸⁾										22
Expenses associated with the proposed merger										(8	)
Loss on early extinguishment of debt										(1	)
Amortization of pension and postretirement actuarial losses										(21	)
Restructuring, impairment and plant closing and transition costs⁽⁷⁾										(23	)
Income from continuing operations before income taxes										26

Income tax expense—continuing operations										(59	)
Loss from discontinued operations, net of tax										(6	)
Net loss									$	(39	)

	*Nine months ended September 30, 2025*
	*Polyurethanes*		*Performance Products*			*Advanced Materials*			*Total*
Revenues:
Reportable segments’ revenues⁽¹⁾	$	2,800	$	773		$	778		$	4,351

Significant segment expenses:
Variable direct costs⁽²⁾		2,092		424			362			2,878
Adjusted fixed costs⁽³⁾		580		260			303			1,143
Other segment items⁽⁴⁾		7		(2	)		(12	)		(7	)
Total reportable segments’ adjusted EBITDA⁽⁵⁾	$	121	$	91		$	125			337

Reconciliation of total reportable segments’ adjusted EBITDA to loss from continuing operations before income taxes:
Interest expense, net										(60	)
Depreciation and amortization										(214	)
Corporate and other costs, net⁽⁶⁾										(94	)
Net income attributable to noncontrolling interests										43
Other adjustments:
Business acquisition and integration gain and purchase accounting inventory adjustments, net										5
Certain legal and other settlements and related income, net⁽⁹⁾										32
Loss on sale of business/assets, net										(2	)
Amortization of pension and postretirement actuarial losses										(22	)
Restructuring, impairment and plant closing and transition costs⁽⁷⁾										(141	)
Loss from continuing operations before income taxes										(116	)

Income tax expense—continuing operations										(26	)
Loss from discontinued operations, net of tax										(1	)
Net loss									$	(143	)

Segment Reporting, Reconciliation of Asset by Segment to Consolidated [Table Text Block]

	*September 30,*		*December 31,*
	*2026*		*2025*
Total assets:
Polyurethanes	$	4,156	$	4,045
Performance Products		1,164		1,185
Advanced Materials		1,126		1,095
Total reportable segments’ total assets		6,446		6,325
Corporate and other		658		690
Total	$	7,104	$	7,015

	*Nine months ended*
	*September 30,*
	*2026*		*2025*
Depreciation and amortization:
Polyurethanes	$	130	$	121
Performance Products		51		47
Advanced Materials		38		38
Total reportable segments’ depreciation and amortization		219		206
Corporate and other		8		8
Total	$	227	$	214

	*Nine months ended*
	*September 30,*
	*2026*		*2025*
Capital expenditures:
Polyurethanes	$	60	$	52
Performance Products		22		44
Advanced Materials		16		18
Total reportable segments’ capital expenditures		98		114
Corporate and other		3		2
Total	$	101	$	116

- Definition

Tabular disclosure of segment reporting. Includes, but is not limited to, reconciliation of reportable segment amount to corresponding consolidated total.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-34

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26A

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-15

+ Details