Huntsman International 10-K 23 Feb 18 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2017	Feb. 08, 2018	Jun. 30, 2017
Document and Entity Information
Entity Registrant Name	Huntsman CORP
Entity Central Index Key	1,307,954
Document Type	10-K
Document Period End Date	Dec. 31, 2017
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 5,030,897,611
Entity Common Stock, Shares Outstanding		241,718,674
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions		Dec. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	[1]	$ 470	$ 385
Restricted cash	[1]	11	11
Accounts and notes receivable (net of allowance for doubtful accounts of $25 and $23, respectively), ($334 and $328 pledged as collateral, respectively)	[1]	1,256	1,168
Accounts receivable from affiliates		27	15
Inventories	[1]	1,073	918
Prepaid expenses		60	49
Other current assets	[1]	202	232
Current assets held for sale		2,880	777
Total current assets		5,979	3,555
Property, plant and equipment, net	[1]	3,098	3,034
Investment in unconsolidated affiliates		266	248
Intangible assets, net	[1]	56	43
Goodwill		140	121
Deferred income taxes		208	253
Other noncurrent assets	[1]	497	472
Noncurrent assets held for sale			1,463
Total assets		10,244	9,189
Current liabilities:
Accounts payable	[1]	946	774
Accounts payable to affiliates		18	16
Accrued liabilities	[1]	569	471
Current portion of debt	[1]	40	50
Current liabilities held for sale		1,692	467
Total current liabilities		3,265	1,778
Long-term debt	[1]	2,258	4,122
Notes payable to affiliates			1
Deferred income taxes		264	371
Other noncurrent liabilities	[1]	1,086	1,057
Noncurrent liabilities held for sale			393
Total liabilities		6,873	7,722
Commitments and contingencies (Notes 18 and 19)
Huntsman Corporation stockholders' equity or Huntsman International LLC members' equity:
Common stock $0.01 par value, 1,200,000,000 shares authorized, 252,759,715 and 250,802,175 shares issued and 240,213,606 and 236,370,347 shares outstanding, respectively		3	3
Additional paid-in capital		3,889	3,447
Treasury stock, 12,607,223 shares		(150)	(150)
Unearned stock-based compensation		(15)	(17)
Retained earnings (accumulated deficit)		161	(325)
Accumulated other comprehensive loss		(1,268)	(1,671)
Total Huntsman Corporation stockholders' equity		2,620	1,287
Noncontrolling interests in subsidiaries		751	180
Total equity		3,371	1,467
Total liabilities and equity		10,244	9,189
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Current assets:
Cash and cash equivalents	[1]	468	384
Restricted cash	[1]	11	11
Accounts and notes receivable (net of allowance for doubtful accounts of $25 and $23, respectively), ($334 and $328 pledged as collateral, respectively)	[1]	1,255	1,168
Accounts receivable from affiliates		373	329
Inventories	[1]	1,073	918
Prepaid expenses		59	49
Other current assets	[1]	204	227
Current assets held for sale		2,880	777
Total current assets		6,323	3,863
Property, plant and equipment, net	[1]	3,095	3,012
Investment in unconsolidated affiliates		266	248
Intangible assets, net	[1]	56	43
Goodwill		140	121
Deferred income taxes		208	253
Other noncurrent assets	[1]	497	472
Noncurrent assets held for sale			1,463
Total assets		10,585	9,475
Current liabilities:
Accounts payable	[1]	946	773
Accounts payable to affiliates		70	51
Accrued liabilities	[1]	566	468
Notes payable to affiliates		100	100
Current portion of debt	[1]	40	50
Current liabilities held for sale		1,692	467
Total current liabilities		3,414	1,909
Long-term debt	[1]	2,258	4,122
Notes payable to affiliates		742	697
Deferred income taxes		265	367
Other noncurrent liabilities	[1]	1,072	1,051
Noncurrent liabilities held for sale			393
Total liabilities		7,751	8,539
Commitments and contingencies (Notes 18 and 19)
Huntsman Corporation stockholders' equity or Huntsman International LLC members' equity:
Members' equity, 2,728 units issued and outstanding		3,616	3,226
Retained earnings (accumulated deficit)		(270)	(779)
Accumulated other comprehensive loss		(1,263)	(1,691)
Total Huntsman International LLC members' equity		2,083	756
Noncontrolling interests in subsidiaries		751	180
Total equity		2,834	936
Total liabilities and equity		$ 10,585	$ 9,475
[1]	At December 31, 2017 and December 31, 2016, respectively, $15 and $20 of cash and cash equivalents, $11 and $10 of restricted cash, $35 and $21 of accounts and notes receivable (net), $46 and $45 of inventories, $7 and $5 of other current assets, $283 and $279 of property, plant and equipment (net), $10 each of intangible assets (net), $43 and $37 of other noncurrent assets, $109 and $89 of accounts payable, $32 and $30 of accrued liabilities, $21 and $12 of current portion of debt, $86 and $114 of longterm debt, and $98 and $76 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 7. Variable Interest Entities.”

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands		Dec. 31, 2017	Dec. 31, 2016
Accounts and notes receivable, allowance for doubtful accounts (in dollars)		$ 25,000	$ 23,000
Accounts and notes receivable, pledged as collateral (in dollars)		$ 334	$ 328,000
Common stock, par value (in dollars per share)		$ 0.01	$ 0.01
Common stock, shares authorized		1,200,000,000	1,200,000,000
Common stock, shares issued		252,759,715	250,802,175
Common stock, shares outstanding		240,213,606	236,370,347
Treasury stock, shares		12,607,223	12,607,223
Variable Interest Entity
Cash and cash equivalents from continuing operations at beginning of period	[1]	$ 470,000	$ 385,000
Restricted cash	[1]	11,000	11,000
Accounts and notes receivable (net)	[1]	1,256,000	1,168,000
Inventories	[1]	1,073,000	918,000
Other current assets	[1]	202,000	232,000
Property, plant and equipment (net)	[1]	3,098,000	3,034,000
Intangible assets (net)	[1]	56,000	43,000
Other noncurrent assets	[1]	497,000	472,000
Accounts payable	[1]	946,000	774,000
Accrued liabilities	[1]	569,000	471,000
Current portion of debt	[1]	40,000	50,000
Long-term debt	[1]	2,258,000	4,122,000
Other noncurrent liabilities	[1]	1,086,000	1,057,000
Consolidated VIE's
Variable Interest Entity
Cash and cash equivalents from continuing operations at beginning of period		15,000	20,000
Restricted cash		11,000	10,000
Accounts and notes receivable (net)		35,000	21,000
Inventories		46,000	45,000
Other current assets		7,000	5,000
Property, plant and equipment (net)		283,000	279,000
Intangible assets (net)		10,000	10,000
Other noncurrent assets		43,000	37,000
Accounts payable		109,000	89,000
Accrued liabilities		32,000	30,000
Current portion of debt		21,000	12,000
Long-term debt		86,000	114,000
Other noncurrent liabilities		98,000	76,000
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Accounts and notes receivable, allowance for doubtful accounts (in dollars)		25,000	23,000
Accounts and notes receivable, pledged as collateral (in dollars)		$ 334	$ 328,000
Members' equity, units issued (in units)		2,728	2,728
Members' equity, units outstanding (in units)		2,728	2,728
Variable Interest Entity
Cash and cash equivalents from continuing operations at beginning of period	[1]	$ 468,000	$ 384,000
Restricted cash	[1]	11,000	11,000
Accounts and notes receivable (net)	[1]	1,255,000	1,168,000
Inventories	[1]	1,073,000	918,000
Other current assets	[1]	204,000	227,000
Property, plant and equipment (net)	[1]	3,095,000	3,012,000
Intangible assets (net)	[1]	56,000	43,000
Other noncurrent assets	[1]	497,000	472,000
Accounts payable	[1]	946,000	773,000
Accrued liabilities	[1]	566,000	468,000
Current portion of debt	[1]	40,000	50,000
Long-term debt	[1]	2,258,000	4,122,000
Other noncurrent liabilities	[1]	1,072,000	1,051,000
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Consolidated VIE's
Variable Interest Entity
Cash and cash equivalents from continuing operations at beginning of period		15,000	20,000
Restricted cash		11,000	10,000
Accounts and notes receivable (net)		35,000	21,000
Inventories		46,000	45,000
Other current assets		7,000	5,000
Property, plant and equipment (net)		283,000	279,000
Intangible assets (net)		10,000	10,000
Other noncurrent assets		43,000	37,000
Accounts payable		109,000	89,000
Accrued liabilities		32,000	30,000
Current portion of debt		21,000	12,000
Long-term debt		86,000	114,000
Other noncurrent liabilities		$ 98,000	$ 76,000
[1]	At December 31, 2017 and December 31, 2016, respectively, $15 and $20 of cash and cash equivalents, $11 and $10 of restricted cash, $35 and $21 of accounts and notes receivable (net), $46 and $45 of inventories, $7 and $5 of other current assets, $283 and $279 of property, plant and equipment (net), $10 each of intangible assets (net), $43 and $37 of other noncurrent assets, $109 and $89 of accounts payable, $32 and $30 of accrued liabilities, $21 and $12 of current portion of debt, $86 and $114 of longterm debt, and $98 and $76 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 7. Variable Interest Entities.”

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Revenues:
Trade sales, services and fees, net	$ 8,208	$ 7,387	$ 8,008
Related party sales	150	131	131
Total revenues	8,358	7,518	8,139
Cost of goods sold	6,546	5,992	6,405
Gross profit	1,812	1,526	1,734
Operating expenses:
Selling, general and administrative	798	768	791
Research and development	138	137	143
Restructuring, impairment and plant closing costs	20	47	83
Merger costs	28
Other operating expense (income), net	(23)	(101)
Total operating expenses	961	851	1,017
Operating income	851	675	717
Interest expense	(165)	(203)	(205)
Equity in income of investment in unconsolidated affiliates	13	5	6
Loss on early extinguishment of debt	(54)	(3)	(31)
Other income, net	2		1
Income from continuing operations before income taxes	647	474	488
Income tax expense-continuing operations	(64)	(109)	(60)
Income from continuing operations	583	365	428
Income (loss) from discontinued operations, net of tax	158	(8)	(302)
Net income	741	357	126
Net income attributable to noncontrolling interests	(105)	(31)	(33)
Net income attributable to Huntsman Corporation or Huntsman International LLC	$ 636	$ 326	$ 93
Basic income (loss) per share:
Income from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share)	$ 2.01	$ 1.41	$ 1.63
Income (loss) from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax x (in dollars per share)	0.66	(0.03)	(1.25)
Net income attributable to Huntsman Corporation common stockholders (in dollars per share)	$ 2.67	$ 1.38	$ 0.38
Weighted average shares (in shares)	238.4	236.3	242.8
Diluted income (loss) per share:
Income from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share)	$ 1.96	$ 1.39	$ 1.61
Income (loss) from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax	0.65	(0.03)	(1.23)
Net income attributable to Huntsman Corporation common stockholders (in dollars per share)	$ 2.61	$ 1.36	$ 0.38
Weighted average shares (in shares)	243.9	239.6	245.4
Amounts attributable to Huntsman Corporation common stockholders:
Income from continuing operations	$ 478	$ 334	$ 395
Income (loss) from discontinued operations, net of tax	158	(8)	(302)
Net income attributable to Huntsman Corporation or Huntsman International LLC	$ 636	$ 326	$ 93
Dividends per share (in dollars per share)	$ 0.50	$ 0.50	$ 0.50
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Revenues:
Trade sales, services and fees, net	$ 8,208	$ 7,387	$ 8,008
Related party sales	150	131	131
Total revenues	8,358	7,518	8,139
Cost of goods sold	6,543	5,988	6,401
Gross profit	1,815	1,530	1,738
Operating expenses:
Selling, general and administrative	793	764	786
Research and development	138	137	143
Restructuring, impairment and plant closing costs	20	47	83
Merger costs	28
Other operating expense (income), net	(23)	(101)	1
Total operating expenses	956	847	1,013
Operating income	859	683	725
Interest expense	(181)	(215)	(214)
Equity in income of investment in unconsolidated affiliates	13	5	6
Loss on early extinguishment of debt	(54)	(3)	(31)
Other income, net	3	5	7
Income from continuing operations before income taxes	640	475	493
Income tax expense-continuing operations	(61)	(108)	(59)
Income from continuing operations	579	367	434
Income (loss) from discontinued operations, net of tax	155	(13)	(307)
Net income	734	354	127
Net income attributable to noncontrolling interests	(105)	(31)	(33)
Net income attributable to Huntsman Corporation or Huntsman International LLC	629	323	94
Amounts attributable to Huntsman Corporation common stockholders:
Net income attributable to Huntsman Corporation or Huntsman International LLC	$ 629	$ 323	$ 94

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Net income	$ 741	$ 357	$ 126
Other comprehensive income (loss), net of tax:
Foreign currency translations adjustments	210	(171)	(313)
Pension and other postretirement benefits adjustments	86	(219)	66
Other, net		(1)	7
Other comprehensive income (loss), net of tax	296	(391)	(240)
Comprehensive income (loss)	1,037	(34)	(114)
Comprehensive income attributable to noncontrolling interests	(127)	(23)	(28)
Comprehensive income (loss) attributable to Huntsman Corporation or Huntsman International LLC	910	(57)	(142)
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Net income	734	354	127
Other comprehensive income (loss), net of tax:
Foreign currency translations adjustments	210	(170)	(314)
Pension and other postretirement benefits adjustments	112	(212)	73
Other, net	(1)	(1)	7
Other comprehensive income (loss), net of tax	321	(383)	(234)
Comprehensive income (loss)	1,055	(29)	(107)
Comprehensive income attributable to noncontrolling interests	(127)	(23)	(28)
Comprehensive income (loss) attributable to Huntsman Corporation or Huntsman International LLC	$ 928	$ (52)	$ (135)

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Millions	HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIESMembers' equity	HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIESRetained earnings (accumulated deficit)	HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIESAccumulated other comprehensive (loss) income	HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIESNoncontrolling interests in subsidiaries	HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES	Common stock	Additional paid-in capital	Treasury stock	Unearned stock-based compensation	Retained earnings (accumulated deficit)	Accumulated other comprehensive (loss) income	Noncontrolling interests in subsidiaries	Total
Balance at the beginning of the period at Dec. 31, 2014						$ 3	$ 3,385	$ (50)	$ (14)	$ (493)	$ (1,053)	$ 173	$ 1,951
Balance (in shares) at Dec. 31, 2014						243,416,979
Balance at the beginning of the period at Dec. 31, 2014	$ 3,166	$ (956)	$ (1,087)	$ 173	$ 1,296
Balance (in units) at Dec. 31, 2014	2,728
Increase (Decrease) in Stockholders' Equity and Members' Equity
Net income		94		33	127					93		33	126
Dividends paid to parent		(121)			(121)
Other comprehensive income			(229)	(5)	(234)						(235)	(5)	(240)
Contribution from parent	$ 29				29
Issuance of nonvested stock awards							19		(19)
Vesting of stock awards							7						7
Vesting of stock awards (in shares)						1,037,743
Recognition of stock-based compensation							10		16				26
Repurchase and cancellation of stock awards										(7)			(7)
Repurchase and cancellation of stock awards (in shares)						(304,340)
Dividends paid to noncontrolling interests				(14)	(14)							(14)	(14)
Stock options exercised							1						1
Stock options exercised (in shares)						48,572
Treasury stock repurchased							(15)	(85)					(100)
Treasury stock repurchased (in shares)						(7,118,928)
Excess tax benefit related to stock‑based compensation	1				1		1						1
Cash paid for noncontrolling interest							(1)						(1)
Dividends declared on common stock										(121)			(121)
Balance at the end of the period at Dec. 31, 2015						$ 3	3,407	(135)	(17)	(528)	(1,288)	187	1,629
Balance (in shares) at Dec. 31, 2015						237,080,026
Balance at the end of the period at Dec. 31, 2015	$ 3,196	(983)	(1,316)	187	1,084
Balance (in units) at Dec. 31, 2015	2,728
Increase (Decrease) in Stockholders' Equity and Members' Equity
Net income		323		31	354					326		31	357
Dividends paid to parent		(119)			(119)
Other comprehensive income			(375)	(8)	(383)						(383)	(8)	(391)
Contribution from parent	$ 33				33
Issuance of nonvested stock awards							16		(16)
Vesting of stock awards							2						2
Vesting of stock awards (in shares)						914,081
Recognition of stock-based compensation							9		16				25
Repurchase and cancellation of stock awards										(3)			(3)
Repurchase and cancellation of stock awards (in shares)						(256,468)
Dividends paid to noncontrolling interests				(30)	(30)							(30)	(30)
Stock options exercised							1						1
Stock options exercised (in shares)						77,477
Treasury stock repurchased							15	(15)
Treasury stock repurchased (in shares)						(1,444,769)
Excess tax benefit related to stock‑based compensation	(3)				(3)		(3)						(3)
Dividends declared on common stock										(120)			(120)
Balance at the end of the period at Dec. 31, 2016						$ 3	3,447	(150)	(17)	(325)	(1,671)	180	$ 1,467
Balance (in shares) at Dec. 31, 2016						236,370,347							236,370,347
Balance at the end of the period at Dec. 31, 2016	$ 3,226	(779)	(1,691)	180	$ 936
Balance (in units) at Dec. 31, 2016	2,728				2,728
Increase (Decrease) in Stockholders' Equity and Members' Equity
Net income		629		105	$ 734					636		105	$ 741
Dividends paid to parent		(120)			(120)
Other comprehensive income			428	(107)	321						403	(107)	296
Contribution from parent	$ 35				35
Issuance of nonvested stock awards							18		(18)
Vesting of stock awards							8						8
Vesting of stock awards (in shares)						1,316,975
Recognition of stock-based compensation							10		18				28
Repurchase and cancellation of stock awards										(12)			(12)
Repurchase and cancellation of stock awards (in shares)						(402,978)
Contribution from noncontrolling interests				5	5							5	5
Dividends paid to noncontrolling interests				(34)	(34)							(34)	(34)
Disposition of a portion of P and A Business	413				413		413						413
Costs of the IPO and secondary offering of the P&A Business	(58)				(58)		(58)						(58)
Conversion of restricted awards to P and A Business awards							(2)		2
Noncontrolling interest from partial disposal of P and A Business				602	602							602	602
Stock options exercised							53			(18)			35
Stock options exercised (in shares)						2,929,262
Dividends declared on common stock										(120)			(120)
Balance at the end of the period at Dec. 31, 2017						$ 3	$ 3,889	$ (150)	$ (15)	$ 161	$ (1,268)	$ 751	$ 3,371
Balance (in shares) at Dec. 31, 2017						240,213,606							240,213,606
Balance at the end of the period at Dec. 31, 2017	$ 3,616	$ (270)	$ (1,263)	$ 751	$ 2,834
Balance (in units) at Dec. 31, 2017	2,728				2,728

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS $ in Millions	12 Months Ended
	Dec. 31, 2017USD ($)		Dec. 31, 2016USD ($)		Dec. 31, 2015USD ($)
Operating Activities:
Net income	$ 741		$ 357		$ 126
Less: (Income) loss from discontinued operations	(158)		8		302
Income from continuing operations	583		365		428
Adjustments to reconcile income from continuing operations to net cash provided by operating activities from continuing operations:
Equity in income of investment in unconsolidated affiliates	(13)		(5)		(6)
Depreciation and amortization	319		318		298
(Gain) loss on disposal of businesses/assets, net	(6)		(94)		5
Loss on early extinguishment of debt	54		3		31
Noncash interest expense	8		16		13
Noncash restructuring and impairment charges (credits)	1		(4)		7
Deferred income taxes	(55)		4		(18)
Noncash (gain) loss on foreign currency transactions	(5)		(2)		10
Stock-based compensation	36		32		29
Other, net	6		3		1
Changes in operating assets and liabilities
Accounts and notes receivable	(183)		(25)		87
Inventories	(104)		177		84
Prepaid expenses	(11)		5		(10)
Other current assets	24		12		(74)
Other noncurrent assets	(60)		44		(100)
Accounts payable	154		46		(129)
Accrued liabilities	63		123		(35)
Other noncurrent liabilities	31		(44)		(7)
Net cash provided by operating activities from continuing operations	842		974		614
Net cash provided by (used in) operating activities from discontinued operations	377		114		(39)
Net cash provided by operating activities	1,219		1,088		575
Investing Activities:
Capital expenditures	(282)		(318)		(461)
Investment in unconsolidated affiliates			(1)		(12)
Acquisition of business, net of cash acquired	(14)				(14)
Proceeds from sale of businesses/assets	25		199		1
Cash received from purchase price adjustment for business acquired					18
Cash received from termination of cross-currency interest rate contracts	7				66
Change in restricted cash			1		(3)
Other, net	(1)				1
Net cash used in investing activities from continuing operations	(265)		(119)		(404)
Net cash used in investing activities from discontinued operations	(159)		(83)		(196)
Net cash (used in) provided by investing activities	(424)		(202)		(600)
Financing Activities:
Net repayments under revolving loan facilities	(41)				(1)
Net borrowings (repayments) on overdraft facilities	1		(1)		(8)
Repayments of short-term debt	(15)		(56)
Borrowings on short-term debt	8		10		12
Repayments of long-term debt	(2,058)		(1,070)		(604)
Proceeds from long-term debt of P and A Business	750
Proceeds from issuance of long-term debt	24		559		326
Repayments of notes payable	(27)		(33)		(33)
Borrowings on notes payable	31		31		34
Debt issuance costs paid	(21)		(9)		(8)
Call premiums related to early extinguishment of debt			(1)		(35)
Contingent consideration paid for acquisition					(4)
Dividends paid to noncontrolling interests	(34)		(30)		(14)
Contribution from noncontrolling interests	5
Dividends paid to common stockholders	(120)		(120)		(121)
Repurchase and cancellation of stock awards	(12)		(3)		(7)
Proceeds from issuance of common stock	35		1		1
Repurchase of common stock					(100)
Proceeds from the IPO and secondary offering of P and A Business	1,012
Cash paid for expenses of the IPO and secondary offering of P and A Business	(58)
Other, net	1		(1)
Net cash used in financing activities	(519)		(723)		(562)
Effect of exchange rate changes on cash	18		(6)		(16)
Increase in cash and cash equivalents	294		157		(603)
Cash and cash equivalents from continuing operations at beginning of period	470	[1]	385	[1]	236
Cash and cash equivalents from discontinued operations at beginning of period			29		21
Cash and cash equivalents at end of period	708		414		257
Supplemental cash flow information:
Cash paid for interest	175		205		225
Cash paid for income taxes	25		40		126
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Operating Activities:
Net income	734		354		127
Less: (Income) loss from discontinued operations	(155)		13		307
Income from continuing operations	579		367		434
Adjustments to reconcile income from continuing operations to net cash provided by operating activities from continuing operations:
Equity in income of investment in unconsolidated affiliates	(13)		(5)		(6)
Depreciation and amortization	311		306		286
(Gain) loss on disposal of businesses/assets, net	(6)		(94)		5
Loss on early extinguishment of debt	54		3		31
Noncash interest expense	25		27		22
Noncash restructuring and impairment charges (credits)	1		(4)		7
Deferred income taxes	(50)		3		(17)
Noncash (gain) loss on foreign currency transactions	(5)		(2)		10
Noncash compensation	35		31		28
Other, net	7		1		2
Changes in operating assets and liabilities
Accounts and notes receivable	(181)		(25)		87
Inventories	(104)		177		84
Prepaid expenses	(10)		5		(10)
Other current assets	21		12		(76)
Other noncurrent assets	(60)		44		(100)
Accounts payable	138		35		(138)
Accrued liabilities	57		123		(35)
Other noncurrent liabilities	37		(36)
Net cash provided by operating activities from continuing operations	836		968		614
Net cash provided by (used in) operating activities from discontinued operations	372		110		(44)
Net cash provided by operating activities	1,208		1,078		570
Investing Activities:
Capital expenditures	(282)		(318)		(461)
Investment in unconsolidated affiliates			(1)		(12)
Acquisition of business, net of cash acquired	(14)				(14)
Proceeds from sale of businesses/assets	25		199		1
(Increase) decrease in receivable from affiliate	(15)		6		1
Cash received from purchase price adjustment for business acquired					18
Cash received from termination of cross-currency interest rate contracts	7				66
Change in restricted cash			1		(3)
Other, net			1		1
Net cash used in investing activities from continuing operations	(279)		(112)		(403)
Net cash used in investing activities from discontinued operations	(159)		(83)		(196)
Net cash (used in) provided by investing activities	(438)		(195)		(599)
Financing Activities:
Net repayments under revolving loan facilities	(41)				(1)
Net borrowings (repayments) on overdraft facilities	1		(1)		(8)
Repayments of short-term debt	(15)		(56)
Borrowings on short-term debt	8		10		12
Repayments of long-term debt	(2,058)		(1,070)		(604)
Proceeds from long-term debt of P and A Business	750
Proceeds from issuance of long-term debt	24		559		326
Repayments of notes payable to affiliate			(1)		(148)
Proceeds from issuance of notes payable to affiliate	47				195
Repayments of notes payable	(27)		(33)		(33)
Borrowings on notes payable	31		31		34
Debt issuance costs paid	(21)		(9)		(8)
Call premiums related to early extinguishment of debt			(1)		(35)
Contingent consideration paid for acquisition					(4)
Dividends paid to noncontrolling interests	(34)		(30)		(14)
Contribution from noncontrolling interests	5
Dividends paid to parent	(120)		(119)		(121)
Proceeds from the IPO and secondary offering of P and A Business	1,012
Cash paid for expenses of the IPO and secondary offering of P and A Business	(58)
Other, net	1		(1)		1
Net cash used in financing activities	(495)		(721)		(408)
Effect of exchange rate changes on cash	18		(6)		(16)
Increase in cash and cash equivalents	293		156		(453)
Cash and cash equivalents from continuing operations at beginning of period	468	[1]	384	[1]	236
Cash and cash equivalents from discontinued operations at beginning of period			29		21
Cash and cash equivalents at end of period	706		413		257
Supplemental cash flow information:
Cash paid for interest	175		139		225
Cash paid for income taxes	$ 25		$ 40		$ 126
[1]	At December 31, 2017 and December 31, 2016, respectively, $15 and $20 of cash and cash equivalents, $11 and $10 of restricted cash, $35 and $21 of accounts and notes receivable (net), $46 and $45 of inventories, $7 and $5 of other current assets, $283 and $279 of property, plant and equipment (net), $10 each of intangible assets (net), $43 and $37 of other noncurrent assets, $109 and $89 of accounts payable, $32 and $30 of accrued liabilities, $21 and $12 of current portion of debt, $86 and $114 of longterm debt, and $98 and $76 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 7. Variable Interest Entities.”

CONDENSED CONSOLIDATED STATEME8

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Capital expenditures in accounts payable	$ 51	$ 61	$ 53
Cash paid for interest by P and A Business after IPO date	6
Cash paid for income taxes by P and A Business after IPO date	16
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Capital expenditures in accounts payable	51	61	53
Stock-based compensation	35	$ 31	$ 28
Cash paid for interest by P and A Business after IPO date	6
Cash paid for income taxes by P and A Business after IPO date	$ 16

GENERAL

GENERAL	12 Months Ended
	Dec. 31, 2017
GENERAL
GENERAL	1. GENERAL Definitions For convenience in this report, the terms “Company,” “our” or “we” may be used to refer to Huntsman Corporation and, unless the context otherwise requires, its subsidiaries and predecessors. Any references to the “Company” “we” “us” or “our” as of a date prior to October 19, 2004 (the date of our Company’s formation) are to Huntsman Holdings, LLC and its subsidiaries (including their respective predecessors). In this report, “Huntsman International” refers to Huntsman International LLC (our 100% owned subsidiary) and, unless the context otherwise requires, its subsidiaries; “AAC” refers to Arabian Amines Company, our consolidated manufacturing joint venture with the Zamil Group; “HPS” refers to Huntsman Polyurethanes Shanghai Ltd. (our consolidated splitting joint venture with Shanghai Chlor-Alkali Chemical Company, Ltd); “Sasol-Huntsman” refers to Sasol-Huntsman GmbH and Co. KG (our consolidated joint venture with Sasol that owns and operates a maleic anhydride facility in Moers, Germany); and “SLIC” refers to Shanghai Liengheng Isocyanate Company (our unconsolidated manufacturing joint venture with BASF and three Chinese chemical companies). In this report, we may use, without definition, the common names of competitors or other industry participants. We may also use the common names or abbreviations for certain chemicals or products. Description of Business We are a global manufacturer of differentiated organic chemical products. 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, personal care and hygiene, durable and non‑durable consumer products, digital inks, electronics, medical, packaging, coatings and construction, power generation, refining, synthetic fiber, textile chemicals and dye industries. We are a leading global producer in many of our key product lines, including MDI, amines, surfactants, maleic anhydride, epoxy‑based polymer formulations, textile chemicals and dyes. We operate in four segments: Polyurethanes, Performance Products, Advanced Materials and Textile Effects. In August 2017, we separated the P&A Business through an IPO of ordinary shares of Venator. Beginning in the third quarter of 2017, we reported the results of the former P&A Business as discontinued operations. See “Note 3. Discontinued Operations and Business Dispositions—Separation of P&A Business.” In a series of transactions beginning in 2006, we sold or shutdown substantially all of our Australian styrenics operations and our North American polymers and base chemicals operations. We also report the results of these businesses as discontinued operations. Company Our Company, a Delaware corporation, was formed in 2004 to hold the Huntsman businesses, which were founded by Jon M. Huntsman. Mr. Huntsman founded the predecessor to our Company in 1970 as a small polystyrene plastics packaging company. Since then, we have grown through a series of significant acquisitions and now own a global portfolio of businesses. Jon M. Huntsman served as the Executive Chairman of our Company until December 31, 2017, at which time Peter Huntsman, our Chief Executive Officer, was appointed to the role of Chairman of the Board. Jon M. Huntsman served as Director and Chairman Emeritus until his passing on February 2, 2018. Currently, we operate all of our businesses through Huntsman International, our 100% owned subsidiary. Huntsman International is a Delaware limited liability company and was formed in 1999. Recent Developments Separation of the P&A Business In August 2017, we separated the P&A Business and conducted an IPO of ordinary shares of Venator, formerly a wholly-owned subsidiary of Huntsman. Additionally, in December 2017, we conducted a secondary offering of Venator ordinary shares. All of such ordinary shares were sold by Huntsman, and Venator did not receive any proceeds from the offerings. Venator’s ordinary shares began trading on The New York Stock Exchange under the symbol “VNTR” on August 3, 2017. As of December 31, 2017, Huntsman retained approximately 55% ownership in Venator. On January 3, 2018, the underwriters purchased an additional 1,948,955 Venator ordinary shares pursuant to their over-allotment option, which reduced Huntsman’s ownership interest in Venator to approximately 53%. Beginning in the third quarter of 2017, we reported the results of operations of the P&A Business as discontinued operations. For more information, see “Note 3. Discontinued Operations and Business Dispositions—Separation of P&A Business.” Prepayment of Debt In August 2017, we made early prepayments of $1,207 million on our Senior Credit Facilities, of which $106 million was paid on our 2015 Extended Term Loan B , $347 million was paid on our 2021 Term Loan B , and $754 million was paid on our 2023 Term Loan B . The funds used to pay down the debt included $732 million received from Venator ($750 million of debt raised by Venator, net of $18 million of debt issuance costs), upon its payment of intercompany debt obligations owed to Huntsman, and $475 million from proceeds of the Venator IPO. In connection with the $1,207 million prepayments of our term loans, we recognized a loss on early extinguishment of debt of $34 million. Additionally, in December 2017, we repaid in full the remaining $511 million on our 2023 Term Loan B using the funds raised from the secondary offering and existing cash and recognized a loss on early extinguishment of debt of $15 million. See “Note 13. Debt—Direct and Subsidiary Debt—Senior Credit Facilities.” With available free cash flow, the net proceeds from the sale of our investment in the P&A business and cash from the repayment of related intercompany indebtedness as described above, we repaid $2.1 billion of debt during the full year 2017 and believe we achieved investment grade-type leverage metrics at year end. See “Note 13. Debt—Direct and Subsidiary Debt—Senior Credit Facilities.” Termination of Huntsman and Clariant Merger Agreement As previously disclosed, on May 21, 2017, Huntsman and Clariant entered into a merger agreement. On October 26, 2017, Huntsman and Clariant entered into a termination agreement pursuant to which the parties mutually terminated the merger agreement. No fees are payable under the terms of the termination agreement at this time. Huntsman and Clariant also agreed to release each other from claims and liabilities arising out of or related to the merger agreement or the transactions contemplated thereby. Pursuant to the termination agreement, each party agreed to bear its own costs, fees and expenses in connection with the merger agreement and the transaction costs contemplated thereby, except for specified joint filing fees and related expenses as set forth in the merger agreement. During the years ended December 31, 2017, 2016 and 2015, we incurred merger-related costs of $28 million, nil and nil, respectively. U.S. Tax Reform Act On December 22, 2017, the U.S. Tax Reform Act was signed into law. The U.S.Tax Reform Act significantly revised the U.S. corporate income tax regime by, among other things, lowering the U.S. corporate tax rate from 35% to 21%, effective January 1, 2018, repealing the deduction for domestic production activities and imposing a repatriation tax on deemed repatriated earnings of foreign subsidiaries. As a result of the U.S. Tax Reform Act, the Company recorded a provisional tax benefit of $137 million due to a remeasurement of deferred tax assets and liabilities and a provisional tax expense of $85 million due to the transition tax on deemed repatriation of deferred foreign income. Absent the Venator offering and certain tax related restructuring transactions, our provisional transition tax liability on deemed repatriation of deferred foreign income would have been $12 million. Share Repurchase Program On February 7, 2018, our Board of Directors authorized our Company to repurchase up to $400 million in shares of our common stock in addition to the $50 million remaining under our September 2015 share repurchase authorization. Repurchases may be made through the open market or in privately negotiated transactions, and repurchases may be commenced or suspended from time to time without prior notice. Shares of common stock acquired through the repurchase program are held in treasury at cost. Huntsman Coproration and Huntsman International Financial Statements Except where otherwise indicated, these notes relate to the consolidated financial statements for both our Company and Huntsman International. The differences between our consolidated financial statements and Huntsman International’s consolidated financial statements relate primarily to the following: · purchase accounting recorded at our Company for the 2003 step‑acquisition of Huntsman International Holdings LLC, the former parent company of Huntsman International that was merged into Huntsman International in 2005; · the different capital structures; and · a note payable from Huntsman International to us.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2017
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Asset Retirement Obligations We accrue for asset retirement obligations, which consist primarily of landfill capping, closure and post‑closure costs, asbestos abatement costs, demolition and removal costs and leasehold remediation costs, in the period in which the obligations are incurred. Asset retirement obligations are accrued at estimated fair value. When the liability is initially recorded, we capitalize the cost by increasing the carrying amount of the related long‑lived asset. Over time, the liability is accreted to its estimated settlement value and the capitalized cost is depreciated over the useful life of the related asset. Upon settlement of the liability, we will recognize a gain or loss for any difference between the settlement amount and the liability recorded. Asset retirement obligations were $9 million and $8 million at December 31, 2017 and 2016, respectively. Carrying Value of Long‑Lived Assets We review long‑lived assets and all amortizable intangible assets for impairment whenever events or changes in circumstances indicate that the carrying amount of these assets may not be recoverable. Recoverability is based upon current and anticipated undiscounted cash flows, and we recognize an impairment when such estimated cash flows are less than the carrying value of the asset. Measurement of the amount of impairment, if any, is based upon the difference between carrying value and fair value. Fair value is generally estimated by discounting estimated future cash flows using a discount rate commensurate with the risks involved or selling price of assets held for sale. See “Note 11. Restructuring, Impairment and Plant Closing Costs.” Cash and Cash Equivalents We consider cash in checking accounts and cash in short‑term highly liquid investments with remaining maturities of three months or less at the date of purchase, to be cash and cash equivalents. Cash flows from financing activities from discontinued operations are not presented separately in our consolidated statements of cash flows. Cost of Goods Sold We classify the costs of manufacturing and distributing our products as cost of goods sold. Manufacturing costs include variable costs, primarily raw materials and energy, and fixed expenses directly associated with production. Manufacturing costs also include, among other things, plant site operating costs and overhead (including depreciation), production planning and logistics costs, repair and maintenance costs, plant site purchasing costs, and engineering and technical support costs. Distribution, freight and warehousing costs are also included in cost of goods sold. Derivatives and Hedging Activities All derivatives, whether designated in hedging relationships or not, are recorded on our balance sheet at fair value. If the derivative is designated as a fair value hedge, the changes in the fair value of the derivative and the hedged items are recognized in earnings. If the derivative is designated as a cash flow hedge, changes in the fair value of the derivative are recorded in accumulated other comprehensive loss, to the extent effective, and will be recognized in the income statement when the hedged item affects earnings. Changes in the fair value of the hedge in the net investment of certain international operations are recorded in other comprehensive income (loss), to the extent effective. The effectiveness of a cash flow hedging relationship is established at the inception of the hedge, and after inception we perform effectiveness assessments at least every three months. A derivative designated as a cash flow hedge is determined to be effective if the change in value of the hedge divided by the change in value of the hedged item is within a range of 80% to 125%. Hedge ineffectiveness in a cash flow hedge occurs only if the cumulative gain or loss on the derivative hedging instrument exceeds the cumulative change in the expected future cash flows on the hedged transaction. For a derivative that does not qualify or has not been designated as a hedge, changes in fair value are recognized in earnings. Environmental Expenditures Environmental related restoration and remediation costs are recorded as liabilities when site restoration and environmental remediation and clean‑up obligations are either known or considered probable and the related costs can be reasonably estimated. Other environmental expenditures that are principally maintenance or preventative in nature are recorded when expended and incurred and are expensed or capitalized as appropriate. See “Note 19. Environmental, Health and Safety Matters.” Foreign Currency Translation The accounts of our operating subsidiaries outside of the U.S., unless they are operating in highly inflationary economic environments, consider the functional currency to be the currency of the economic environment in which they operate. Accordingly, assets and liabilities are translated at rates prevailing at the balance sheet date. Revenues, expenses, gains and losses are translated at a weighted average rate for the period. Cumulative translation adjustments are recorded to equity as a component of accumulated other comprehensive loss. If a subsidiary operates in an economic environment that is considered to be highly inflationary (100% cumulative inflation over a three-year period), the U.S. dollar is considered to be the functional currency and gains and losses from remeasurement to the U.S. dollar from the local currency are included in the statement of operations. Where a subsidiary’s operations are effectively run, managed, financed and contracted in U.S. dollars, such as certain finance subsidiaries outside of the U.S., the U.S. dollar is considered to be the functional currency. Foreign currency transaction gains and losses are recorded in other operating (income) expense, net in our consolidated statements of operations and were (gains) losses of $(5) million, $(2) million and $10 million for the years ended December 31, 2017, 2016 and 2015, respectively. Income Taxes We use the asset and liability method of accounting for income taxes. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial and tax reporting purposes. We evaluate deferred tax assets to determine whether it is more likely than not that they will be realized. Valuation allowances are reviewed on a tax jurisdiction basis to analyze whether there is sufficient positive or negative evidence to support a change in judgment about the realizability of the related deferred tax assets for each jurisdiction. These conclusions require significant judgment. In evaluating the objective evidence that historical results provide, we consider the cyclicality of businesses and cumulative income or losses during the applicable period. Cumulative losses incurred over the period limits our ability to consider other subjective evidence such as our projections for the future. Changes in expected future income in applicable jurisdictions could affect the realization of deferred tax assets in those jurisdictions. On December 22, 2017, the U.S. Tax Reform Act was signed into law. The U.S. Tax Reform Act significantly revised the U.S. corporate income tax regime by, among other things, lowering the U.S. corporate tax rate from 35% to 21%, effective January 1, 2018, repealing the deduction for domestic production activities and imposing a repatriation tax on deemed repatriated earnings of foreign subsidiaries. As a result of the U.S. Tax Reform Act, the Company recorded a provisional tax benefit of $137 million due to a remeasurement of deferred tax assets and liabilities and a provisional tax expense of $85 million due to the transition tax on deemed repatriation of deferred foreign income. Absent the Venator offering and certain tax related restructuring transactions, our provisional transition tax liability on deemed repatriation of deferred foreign income would have been $12 million. Both the tax benefit and the tax charge represent provisional amounts and our current best estimates. Any adjustments recorded to the provisional amounts through calendar year 2018 will be included in income as an adjustment to tax expense in the period of the adjustment. The provisional amounts incorporate assumptions made based upon available information and our current interpretation of the U.S. Tax Reform Act and may change as we receive additional implementation guidance and as we further refine our calculations with additional information. Accounting for uncertainty in income taxes prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The application of income tax law is inherently complex. We are required to determine if an income tax position meets the criteria of more‑likely‑than‑not to be realized based on the merits of the position under tax law, in order to recognize an income tax benefit. This requires us to make significant judgments regarding the merits of income tax positions and the application of income tax law. Additionally, if a tax position meets the recognition criteria of more‑likely‑than‑not we are required to make judgments and apply assumptions to measure the amount of the tax benefits to recognize. These judgments are based on the probability of the amount of tax benefits that would be realized if the tax position was challenged by the taxing authorities. Interpretations and guidance surrounding income tax laws and regulations change over time. As a consequence, changes in assumptions and judgments can materially affect amounts recognized in our consolidated financial statements. We have not determined the need for, or change in, any unrecognized tax positions due to the U.S. Tax Reform Act. For further information concerning taxes, see “Note 17. Income Taxes.” Intangible Assets and Goodwill Intangible assets are stated at cost (fair value at the time of acquisition) and are amortized using the straight‑line method over the estimated useful lives or the life of the related agreement as follows: Patents and technology 5 ‑ 30 years Trademarks 9 ‑ 30 years Licenses and other agreements 5 ‑ 15 years Other intangibles 5 ‑ 15 years Goodwill represents costs in excess of fair values assigned to the underlying net assets of acquired businesses. Goodwill is not subject to any method of amortization, but is tested for impairment annually (at the beginning of the third quarter) and when events and circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. When the fair value is less than the carrying value of the related reporting unit, we are required to reduce the amount of goodwill through a charge to earnings. Fair value is estimated using the market approach, as well as the income approach based on discounted cash flow projections. Goodwill has been assigned to reporting units for purposes of impairment testing. The net change to goodwill in response to changes in foreign currency exchange rates during 2017 was $3 million. Inventories Inventories are stated at the lower of cost or market, with cost determined using LIFO, first‑in first‑out, and average costs methods for different components of inventory. Legal Costs We expense legal costs, including those legal costs incurred in connection with a loss contingency, as incurred. Net Income Per Share Attributable to Huntsman Corporation Basic income per share excludes dilution and is computed by dividing net income attributable to Huntsman Corporation common stockholders by the weighted average number of shares outstanding during the period. Diluted income per share reflects all potential dilutive common shares outstanding during the period and is computed by dividing net income available to Huntsman Corporation common stockholders by the weighted average number of shares outstanding during the period increased by the number of additional shares that would have been outstanding as dilutive securities. Basic and diluted income per share is determined using the following information (in millions): Year ended December 31, 2017 2016 2015 Numerator: Basic and diluted income from continuing operations: Income from continuing operations attributable to Huntsman Corporation $ 478 $ 334 $ 395 Basic and diluted net income: Net income attributable to Huntsman Corporation $ 636 $ 326 $ 93 Denominator: Weighted average shares outstanding 238.4 236.3 242.8 Dilutive shares: Stock-based awards 5.5 3.3 2.6 Total weighted average shares outstanding, including dilutive shares 243.9 239.6 245.4 Additional stock‑based awards of 0.8 million, 5.7 million and 6.1 million weighted average equivalent shares of stock were outstanding during the years ended December 31, 2017, 2016 and 2015, respectively. However, these stock‑based awards were not included in the computation of diluted earnings per share for the respective periods mentioned because the effect would be anti‑dilutive. Other Noncurrent Assets Other noncurrent assets consist primarily of spare parts, the overfunded portion related to defined benefit plans for employees and capitalized turnaround costs. Periodic maintenance and repairs applicable to major units of manufacturing facilities (a “turnaround”) are accounted for on the deferral basis by capitalizing the costs of the turnaround and amortizing the costs over the estimated period until the next turnaround. Principles of Consolidation Our 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. All intercompany accounts and transactions have been eliminated. Property, Plant and Equipment Property, plant and equipment is stated at cost less accumulated depreciation. Depreciation is computed using the straight‑line method over the estimated useful lives or lease term as follows: Buildings and equipment 5 ‑ 50 years Plant and equipment 3 ‑ 30 years Furniture, fixtures and leasehold improvements 5 ‑ 20 years Interest expense capitalized as part of plant and equipment was $9 million, $12 million and $14 million for the years ended December 31, 2017, 2016 and 2015, respectively. Normal maintenance and repairs of plant and equipment are charged to expense as incurred. Renewals, betterments and major repairs that materially extend the useful life of the assets are capitalized, and the assets replaced, if any, are retired. Reclassifications Certain amounts in the consolidated financial statements for prior periods have been reclassified to conform with the current presentation. These reclassifications were to record the assets and liabilities as held for sale and results of operations of the former P&A Business to discontinued operations. See “Note 3. Discontinued Operations and Business Dispositions—Separation of P&A Business.” In connection with the separation of the P&A Business, certain entities were removed from the debt guarantor structure. The condensed consolidating financial information included in “Note 25. Condensed Consolidating Financial Information of Huntsman International LLC” has been presented as if the new debt guarantor structure existed for all periods presented. Revenue Recognition We generate substantially all of our revenues through sales in the open market and long‑term supply agreements. We recognize revenue when it is realized or realizable and earned. Revenue for product sales is recognized when a sales arrangement exists, risk and title to the product transfer to the customer, collectability is reasonably assured and pricing is fixed or determinable. The transfer of risk and title to the product to the customer usually occurs at the time shipment is made. Securitization of Accounts Receivable Under our A/R Programs, we grant an undivided interest in certain of our trade receivables to the U.S. SPE and the EU SPE. This undivided interest serves as security for the issuance of debt. The A/R Programs provide for financing in both U.S. dollars and euros. The amounts outstanding under our A/R Programs are accounted for as secured borrowings. See “Note 13. Debt—Direct and Subsidiary Debt—A/R Programs.” Stock‑Based Compensation We measure the cost of employee services received in exchange for an award of equity instruments based on the grant‑date fair value of the award. That cost, net of estimated forfeitures, will be recognized over the period during which the employee is required to provide services in exchange for the award. See “Note 21. Stock‑Based Compensation Plan.” Use of Estimates The preparation of financial statements in conformity with 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. Recently Issued Accounting Pronouncements Accounting Pronouncements Adopted During 2017 In July 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory . The amendments in this ASU do not apply to inventory that is measured using last-in first-out (“LIFO”) or the retail inventory method, but rather does apply to all other inventory, which includes inventory that is measured using first-in first-out or average cost. An entity should measure in scope inventory at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Subsequent measurement is unchanged for inventory measured using LIFO or the retail inventory method. The amendments in this ASU are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. The amendments in this ASU should be applied prospectively. We adopted the amendments in this ASU effective January 1, 2017, and the initial adoption of the amendment in this ASU did not have a significant impact on our consolidated financial statements. In October 2016, the FASB issued ASU No. 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory . The amendments in this ASU require entities to recognize the current and deferred income taxes for an intra-entity transfer of an asset other than inventory when the transfer occurs, as opposed to deferring the recognition of the income tax consequences until the asset has been sold to an outside party. The amendments in this ASU are effective for annual reporting periods beginning after December 31, 2017, including interim reporting periods within those annual reporting periods. Early adoption is permitted for all entities as of the beginning of an annual reporting period for which financial statements (interim or annual) have not been issued or made available for issuance. The amendments in this ASU should be applied on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. We early adopted the amendments of this ASU effective January 1, 2017 and the initial adoption of amendments in this ASU did not have a significant impact on our consolidated financial statements. In March 2016, the FASB issued ASU No. 2016‑09, Compensation—Stock Compensation (Topic 718): Improvements to Employee Share‑Based Payment Accounting . The amendments in this ASU simplify several aspects of the accounting for share‑based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The amendments in this ASU are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. We adopted the amendments in this ASU effective January 1, 2017, and the initial adoption of the amendment in this ASU did not have a significant impact on our consolidated financial statements. In January 2017, the FASB issued ASU No. 2017‑04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment . The amendments in this ASU simplify the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test. Under the amendments in this ASU, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying value, which eliminates the current requirement to calculate a goodwill impairment charge by comparing the implied fair value of goodwill with its carrying amount. The amendments in this ASU are effective for annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The amendments in this ASU should be applied on a prospective basis. We adopted the amendments in this ASU effective January 1, 2017 and the initial adoption of the amendments in this ASU did not have a significant impact on our consolidated financial statements. Accounting Pronouncements Pending Adoption in Future Periods In May 2014, the FASB issued ASU No. 2014‑09, Revenue from Contracts with Customers (Topic 606) , outlining a single comprehensive model for entities to use in accounting for revenues arising from contracts with customers and supersedes most current revenue recognition guidance. In August 2015, the FASB issued ASU No. 2015‑14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date , deferring the effective date of ASU No. 2014‑09 for all entities by one year. Further, in March 2016, the FASB issued ASU No. 2016‑08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) , clarifying the implementation guidance on principal versus agent considerations, in April 2016, the FASB issued ASU No. 2016‑10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing , clarifying the implementation guidance on identifying performance obligations in a contract and determining whether an entity’s promise to grant a license provides a customer with either a right to use the entity’s intellectual property (which is satisfied at a point in time) or a right to access the entity’s intellectual property (which is satisfied over time), in May 2016, the FASB issued ASU No. 2016‑12, Revenue from Customers (Topic 606): Narrow‑Scope Improvements and Practical Expedients , providing clarifications and practical expedients for certain narrow aspects in Topic 606, and in December 2016, the FASB issued ASU 2016‑20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers . The amendments in these ASUs are effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. The amendments in ASU No. 2014‑09, ASU No. 2016‑08, ASU No. 2016‑10, ASU No. 2016‑12 and ASU No. 2016‑20 should be applied retrospectively, and early application is permitted. We are complete with our analysis to identify areas in our consolidated financial statements that will be impacted by the adoption of the amendments in ASU No. 2014‑09, ASU No. 2016‑08, ASU No. 2016‑10, ASU No. 2016‑12 and ASU No. 2016‑20. Other than additional required disclosures, we do not expect the adoption of the amendments in these ASUs to have a significant impact on our consolidated financial statements. The standard will be adopted in our fiscal year 2018, and we have elected the modified retrospective approach as the transition method. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) . The amendments in this ASU will increase transparency and comparability among entities by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The amendments in this ASU will require lessees to recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term. The amendments in this ASU are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. Early application of the amendments in this ASU is permitted for all entities. Reporting entities are required to recognize and measure leases under these amendments at the beginning of the earliest period presented using a modified retrospective approach. We are currently evaluating the impact of the adoption of the amendments in this ASU on our consolidated financial statements and believe, based on our preliminary assessment, that we will record significant additional right-to-use assets and lease obligations. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments . The amendments in this ASU clarify and include specific guidance to address diversity in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The amendments in this ASU are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. Early adoption is permitted, including adoption in an interim period. The amendments in this ASU should be applied using a retrospective transition method to each period presented. We do not expect the adoption of the amendments in this ASU to have a significant impact on our consolidated financial statements. In November 2016, the FASB issued ASU No. 2016‑18, Statement of Cash Flows (Topic 230): Restricted Cash . The amendments in this ASU require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning‑of‑period and end‑of‑period total amounts shown on the statement of cash flows. The amendments in this ASU are effective for fiscal years beginning after December 15, 2017, and interim period within those fiscal years. Early adoption is permitted, including adoption in an interim period. The amendments in this ASU should be applied using a retrospective transition method to each period presented. We do not expect the adoption of the amendments in this ASU to have a significant impact on our consolidated financial statements. In January 2017, the FASB issued ASU No. 2017‑01, Business Combinations (Topic 805): Clarifying the Definition of a Business . The amendments in this ASU clarify the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions or disposals of assets or businesses. The amendments in this ASU are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early application is permitted. The amendments in this ASU should be applied prospectively on or after the effective date. No disclosures are required at transition. We do not expect the adoption of the amendments in this ASU to have a significant impact on our consolidated financial statements. In March 2017, the FASB issued ASU No. 2017-07, Compensation—Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost . The amendments in this ASU require that an employer report the service cost component of net periodic pension cost and net periodic postretirement benefit cost in the same line items as other compensation costs arising from services rendered by the pertinent employees during the period. The other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside of income from operations. The amendments in this ASU also allow only the service cost component to be eligible for capitalization when applicable (for example, as a cost of internally manufactured inventory or a self-constructed asset). The amendments in this ASU are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The amendments in this ASU should be applied retrospectively for the presentation of the service cost component and the other components of net periodic pension cost and net periodic postretirement benefit cost in the income statement and prospectively, on and after the effective date, for the capitalization of the service cost component of net periodic pension cost and net periodic postretirement benefit cost in assets. The amendments in this ASU will impact the presentation of our consolidated financial statements. Our current presentation of service cost components is consistent with the amendments in this ASU. Upon adoption of the amendments in this ASU, we expect to present the other components within other nonoperating income, whereas we currently present these within cost of goods sold and selling, general and administrative expenses. In August 2017, the FASB issued ASU No. 2017‑12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities . The amendments in this ASU better align an entity’s risk management activities and financial reporting for hedging relationships through changes to both the designation and measurement guidance for qualifying hedging relationships as well as the recognition and presentation of the effects of the hedging instrument and the hedged item in the financial statements to increase the understandability of the results of an entity’s intended hedging strategies. The amendments in this ASU also include certain targeted improvements to ease the application of current guidance related to the assessment of hedge effectiveness. The amendments in this ASU are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early application is permitted in any interim period after the issuance of this ASU. Transition requirements and elections should be applied to hedging relationships existing on the date of adoption. For cash flow and net investment hedges, an entity should apply a cumulative-effect adjustment related to eliminating the separate measurement of ineffectiveness, and the amended presentation and disclosure guidance is required only prospectively. We do not expect the adoption of the amendments in this ASU to have a significant impact on our consolidated financial statements.

DISCONTINUED OPERATIONS AND BUS

DISCONTINUED OPERATIONS AND BUSINESS DISPOSITIONS	12 Months Ended
	Dec. 31, 2017
DISCONTINUED OPERATIONS AND BUSINESS DISPOSITIONS
DISCONTINUED OPERATIONS AND BUSINESS DISPOSITIONS	3. DISCONTINUED OPERATIONS AND BUSINESS DISPOSITIONS Separation of P&A Business In August 2017, we separated the P&A Business and conducted an IPO of ordinary shares of Venator, formerly a wholly-owned subsidiary of Huntsman, and have presented the former P&A Business as discontinued operations in the accompanying financial statements. Additionally, in December 2017, we completed a secondary offering of Venator ordinary shares . As of December 31, 2017, Huntsman retained approximately 55% ownership in Venator. On January 3, 2018, the underwriters purchased an additional 1,948,955 Venator ordinary shares pursuant to their over-allotment option, which reduced Huntsman’s ownership interest in Venator to approximately 53%. We intend to monetize our retained ownership in Venator at prevailing market conditions and expect to implement multiple follow-on capital market or block transactions to permit the orderly distribution of our retained shares. In August 2017, we entered into a separation agreement, a transition services agreement (“TSA”) and a registration rights agreement with Venator to effect the Separation and provide a framework for a short term set of transition services as well as a tax matters agreement and an employee matters agreement. Pursuant to the TSA, we will, for a limited time following the Separation, provide Venator with certain services and functions that the parties have historically shared, including administrative, payroll, human resources, data processing, environmental, health and safety, financial audit support, financial transaction support, marketing support, information technology systems and various other corporate and support services. We may also provide Venator with additional services that Venator and Huntsman may identify from time to time in the future. In general, the services began following the Separation and cover a period not expected to exceed 24 months; however, Venator may terminate individual services provided by us under the TSA early, as it becomes able to operate its business without such services. The following table summarizes the major classes of assets and liabilities constituting assets and liabilities held for sale: December 31, December 31, 2017 2016 Carrying amounts of major classes of assets held for sale: Accounts receivable $ 380 $ 234 Inventories 454 426 Other current assets 318 117 Total current assets(1) 777 Property, plant and equipment, net 1,424 1,178 Deferred income taxes 158 143 Other noncurrent assets 146 142 Total noncurrent assets(1) 1,463 Total assets held for sale $ 2,880 $ 2,240 Carrying amounts of major classes of liabilities in held for sale: Accounts payable $ 385 $ 297 Accrued liabilities 236 145 Other current liabilities 25 25 Total current liabilities(1) 467 Deferred income taxes — 56 Long term debt 746 — Other noncurrent liabilities 300 337 Total noncurrent liabilities(1) 393 Total liabilities held for sale $ 1,692 $ 860 (1) The assets and liabilities held for sale are classified as current as of December 31, 2017 because it is probable that the sale of our remaining ownership interest in Venator ordinary shares will occur and proceeds will be collected within one year. The following table summarizes major classes of line items constituting pretax and after-tax income of discontinued operations. Huntsman Corporation Year ended December 31, 2017 2016 2015 Major classes of line items constituting pretax income (loss) of discontinued operations: Trade sales, services and fees, net $ 2,234 $ 2,168 $ 2,193 Cost of goods sold 1,840 2,012 2,077 Selling, general and administrative 187 174 214 Restructuring, impairment and plant closing costs 56 36 220 Business separation expenses 40 18 — Interest expense (income) 19 (1) — Other operating income, net (134) (38) (1) Other loss (income), net 1 (1) 1 Income (loss) from discontinued operations before income taxes 225 (32) (318) Income tax (expense) benefit (67) 24 16 Income (loss) from discontinued operations, net of tax 158 (8) (302) Net income attributable to noncontrolling interests (10) (10) (7) Net income (loss) attributable to discontinued operations $ 148 $ (18) $ (309) Huntsman International Year ended December 31, 2017 2016 2015 Major classes of line items constituting pretax income (loss) of discontinued operations: Trade sales, services and fees, net $ 2,234 $ 2,168 2,193 Cost of goods sold 1,843 2,017 2,082 Selling, general and administrative 187 174 214 Restructuring, impairment and plant closing costs 56 36 220 Business separation expenses 40 18 — Interest expense 19 (1) — Other operating income, net (134) (38) (1) Other loss (income), net 1 (1) 1 Income (loss) from discontinued operations before income taxes 222 (37) (323) Income tax (expense) benefit (67) 24 16 Income (loss) from discontinued operations, net of tax 155 (13) (307) Net income attributable to noncontrolling interests (10) (10) (7) Net income (loss) attributable to discontinued operations $ 145 $ (23) $ (314) Sale of European Surfactants Manufacturing Facilities On December 30, 2016, our Performance Products segment completed the sale of its European surfactants business to Innospec Inc. for $199 million in cash plus our retention of trade receivables and payables for an enterprise value of $225 million. Under the terms of the transaction, Innospec acquired our manufacturing facilities located in Saint-Mihiel, France; Castiglione delle Stiviere, Italy; and Barcelona, Spain. We remain committed to our global surfactants business, including in the U.S. and Australia, where our differentiated surfactants businesses are backward integrated into essential feedstocks. Upon closing the transaction, we entered into supply and long-term tolling arrangements with Innospec in order to continue marketing certain core products strategic to our global agrochemicals, lubes and certain other businesses. In connection with this sale, we recognized a pre-tax gain in the fourth quarter of 2016 of $98 million which was reflected in other operating income, net on the consolidated statements of operations. This business is not presented as discontinued operations as it was not considered a strategic shift in our operations.

INVENTORIES

INVENTORIES	12 Months Ended
	Dec. 31, 2017
INVENTORIES
INVENTORIES	4. INVENTORIES Inventories consisted of the following (dollars in millions): December 31, December 31, 2017 2016 Raw materials and supplies $ 189 $ 157 Work in progress 48 45 Finished goods 897 771 Total 1,134 973 LIFO reserves (61) (55) Net inventories $ 1,073 $ 918 For December 31, 2017 and 2016, approximately 12% and 13% of inventories were recorded using the LIFO cost method, respectively.

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	12 Months Ended
	Dec. 31, 2017
PROPERTY, PLANT AND EQUIPMENT
PROPERTY, PLANT AND EQUIPMENT	5. PROPERTY, PLANT AND EQUIPMENT The cost and accumulated depreciation of property, plant and equipment were as follows (dollars in millions): Huntsman Corporation December 31, 2017 2016 Land $ 150 $ 133 Buildings 644 607 Plant and equipment 5,929 5,369 Construction in progress 360 381 Total 7,083 6,490 Less accumulated depreciation (3,985) (3,456) Net $ 3,098 $ 3,034 Depreciation expense for 2017, 2016 and 2015 was $298 million, $289 million and $278 million, respectively. Huntsman International December 31, 2017 2016 Land $ 150 $ 133 Buildings 644 607 Plant and equipment 5,982 5,411 Construction in progress 360 381 Total 7,136 6,532 Less accumulated depreciation (4,041) (3,520) Net $ 3,095 $ 3,012 Depreciation expense for 2017, 2016 and 2015 was $289 million, $277 million and $266 million, respectively.

INVESTMENT IN UNCONSOLIDATED AF

INVESTMENT IN UNCONSOLIDATED AFFILIATES	12 Months Ended
	Dec. 31, 2017
INVESTMENT IN UNCONSOLIDATED AFFILIATES
INVESTMENT IN UNCONSOLIDATED AFFILIATES	6. INVESTMENT IN UNCONSOLIDATED AFFILIATES Investments in companies in which we exercise significant influence, but do not control, are accounted for using the equity method. Investments in companies in which we do not exercise significant influence are accounted for using the cost method. Our ownership percentage and investment in unconsolidated affiliates were as follows (dollars in millions): December 31, 2017 2016 Equity Method: BASF Huntsman Shanghai Isocyanate Investment BV (50%)(1) $ 116 $ 112 Nanjing Jinling Huntsman New Material Co., Ltd. (49%) 124 112 Jurong Ningwu New Material Development Co., Ltd. (30%) 21 19 Total equity method investments 261 243 Cost Method: International Diol Company (4%) 5 5 Total investments $ 266 $ 248 (1) We own 50% of BASF Huntsman Shanghai Isocyanate Investment BV. BASF Huntsman Shanghai Isocyanate Investment BV owns a 70% interest in SLIC, thus giving us an indirect 35% interest in SLIC. In November 2012, we entered into an agreement to form a joint venture with Sinopec (Nanjing Jingling). The joint venture involves the construction and operation of a PO/MTBE facility in China. Under the joint venture agreement, we hold a 49% interest in the joint venture and Sinopec holds a 51% interest. Our total equity investment is anticipated to be approximately $76 million, net of license fees from the joint venture. At the end of 2017, cumulative capital contributions were approximately $83 million, net of license fees from the joint venture. We expect to receive additional license fees of $7 million during 2018. Beneficial commercial operations began during the second half of 2017. We are in the process of expanding our SLIC capacity in Caojing, China by 530 million pounds per year of MDI. In addition, we are also expanding our HPS splitting capacity. Mechanical completion was achieved at the end of 2017. We are currently in the process of starting up these units and expect beneficial commercial operations to begin during the first quarter of 2018.

VARIABLE INTEREST ENTITIES

VARIABLE INTEREST ENTITIES	12 Months Ended
	Dec. 31, 2017
VARIABLE INTEREST ENTITIES
VARIABLE INTEREST ENTITIES	7. VARIABLE INTEREST ENTITIES We evaluate our investments and transactions to identify variable interest entities for which we are the primary beneficiary. We hold a variable interest in the following joint ventures for which we are the primary beneficiary: · Rubicon LLC is our 50%-owned joint venture with Lanxess that manufactures products for our Polyurethanes and Performance Products segments. The structure of the joint venture is such that the total equity investment at risk is not sufficient to permit the joint venture to finance its activities without additional financial support. By virtue of the operating agreement with this joint venture, we purchase a majority of the output, absorb a majority of the operating costs and provide a majority of the additional funding. · AAC is our 50%-owned joint venture with Zamil group that manufactures products for our Performance Products segment. As required in the operating agreement governing this joint venture, we purchase all of AAC’s production and sell it to our customers. Substantially all of the joint venture’s activities are conducted on our behalf. · Sasol‑Huntsman is our 50%‑owned joint venture with Sasol that owns and operates a maleic anhydride facility in Moers, Germany. This joint venture manufactures products for our Performance Products segment. The joint venture uses our technology and expertise, and we bear a disproportionate amount of risk of loss due to a related‑party loan to Sasol‑Huntsman for which we bear the default risk. Creditors of these entities have no recourse to our general credit. See “Note 13. Debt—Direct and Subsidiary Debt.” As the primary beneficiary of these variable interest entities at December 31, 2017, the joint ventures’ assets, liabilities and results of operations are included in our consolidated financial statements. The following table summarizes the carrying amount of our variable interest entities’ assets and liabilities included in our consolidated balance sheets as of December 31, 2017 and 2016 (dollars in millions): December 31, December 31, 2017 2016 Current assets $ 114 $ 103 Property, plant and equipment, net 283 279 Other noncurrent assets 116 99 Deferred income taxes 33 43 Intangible assets 10 10 Goodwill 14 12 Total assets $ 570 $ 546 Current liabilities $ 163 $ 131 Long-term debt 86 114 Deferred income taxes 12 10 Other noncurrent liabilities 98 76 Total liabilities $ 359 $ 331 The revenues, income from continuing operations before income taxes and net cash provided by operating activities for our variable interest entities are as follows (dollars in millions): Year ended December 31, 2017 2016 2015 Revenues $ 132 $ 97 $ 130 Income from continuing operations before income taxes 25 15 36 Net cash provided by operating activities 51 50 66 Prior to the Separation, we held variable interests in two additional joint ventures for which we were the primary beneficiary: Pacific Iron Products Sdn Bhd and Viance, LLC. In connection with the Separation, these variable interests are now held by Venator. As such, the assets and liabilities of these variable interest entities are now included as part of assets and liabilities held for sale. See “Note 3. Discontinued Operations and Business Dispositions—Separation of P&A Business.”

INTANGIBLE ASSETS

INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2017
INTANGIBLE ASSETS
INTANGIBLE ASSETS	8. INTANGIBLE ASSETS The gross carrying amount and accumulated amortization of intangible assets were as follows (dollars in millions): Huntsman Corporation December 31, 2017 December 31, 2016 Carrying Accumulated Carrying Accumulated Amount Amortization Net Amount Amortization Net Patents, trademarks and technology $ 350 $ 332 $ 18 $ 349 $ 327 $ 22 Licenses and other agreements 40 25 15 37 23 14 Non-compete agreements 4 2 2 3 2 1 Other intangibles 82 61 21 62 56 6 Total $ 476 $ 420 $ 56 $ 451 $ 408 $ 43 Amortization expense was $6 million, $12 million and $6 million for the years ended December 31, 2017, 2016 and 2015, respectively. Huntsman International December 31, 2017 December 31, 2016 Carrying Accumulated Carrying Accumulated Amount Amortization Net Amount Amortization Net Patents, trademarks and technology $ 350 $ 332 $ 18 $ 349 $ 327 $ 22 Licenses and other agreements 40 25 15 37 23 14 Non-compete agreements 4 2 2 3 2 1 Other intangibles 90 69 21 70 64 6 Total $ 484 $ 428 $ 56 $ 459 $ 416 $ 43 Amortization expense was $7 million, $12 million and $6 million for the years ended December 31, 2017, 2016 and 2015, respectively. Our and Huntsman International’s estimated future amortization expense for intangible assets over the next five years is as follows (dollars in millions): Year ending December 31, 2018 $ 6 2019 6 2020 6 2021 5 2022 4

OTHER NONCURRENT ASSETS

OTHER NONCURRENT ASSETS	12 Months Ended
	Dec. 31, 2017
OTHER NONCURRENT ASSETS
OTHER NONCURRENT ASSETS	9. OTHER NONCURRENT ASSETS Other noncurrent assets consisted of the following (dollars in millions): December 31, 2017 2016 Capitalized turnaround costs, net $ 233 $ 214 Spare parts inventory 91 79 Deposits 52 46 Catalyst assets, net 46 43 Investment in available-for-sale securities — 18 Pension assets 22 1 Other 53 71 Total $ 497 $ 472 Amortization expense of catalyst assets for the years ended December 31, 2017, 2016 and 2015 was $15 million, $17 million and $14 million, respectively.

ACCRUED LIABILITIES

ACCRUED LIABILITIES	12 Months Ended
	Dec. 31, 2017
ACCRUED LIABILITIES
ACCRUED LIABILITIES	10. ACCRUED LIABILITIES Accrued liabilities consisted of the following (dollars in millions): Huntsman Corporation December 31, 2017 2016 Payroll and related accruals $ 172 $ 135 Volume and rebate accruals 58 48 Taxes other than income taxes 77 60 Income taxes 62 28 Restructuring and plant closing reserves 15 28 Interest 20 21 Pension liabilities 15 11 Other postretirement benefits 7 8 Environmental accruals 6 7 Other miscellaneous accruals 137 125 Total $ 569 $ 471 Huntsman International December 31, 2017 2016 Payroll and related accruals $ 172 $ 135 Volume and rebate accruals 58 48 Taxes other than income taxes 77 60 Income taxes 62 28 Restructuring and plant closing reserves 15 28 Interest 20 21 Pension liabilities 15 11 Other postretirement benefits 7 8 Environmental accruals 6 7 Other miscellaneous accruals 134 122 Total $ 566 $ 468

RESTRUCTURING, IMPAIRMENT AND P

RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS	12 Months Ended
	Dec. 31, 2017
RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS
RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS	11. RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS As of December 31, 2017, 2016 and 2015, accrued restructuring costs of continuing operations by type of cost and initiative consisted of the following (dollars in millions): Non-cancelable Other Workforce Demolition and lease and contract restructuring reductions(1) decommissioning termination costs costs Total(2) Accrued liabilities as of January 1, 2015 $ 28 $ — $ 47 $ 3 $ 78 2015 charges for 2014 and prior initiatives 8 24 15 9 56 2015 charges for 2015 initiatives 30 — — 3 33 Reversal of reserves no longer required (7) — (6) — (13) 2015 payments for 2014 and prior initiatives (23) (8) (17) (7) (55) 2015 payments for 2015 initiatives (16) — — (3) (19) Foreign currency effect on liability balance (1) — (2) — (3) Accrued liabilities as of December 31, 2015 19 16 37 5 77 2016 charges for 2015 and prior initiatives 1 24 9 13 47 2016 charges for 2016 initiatives 1 — — 5 6 Reversal of reserves no longer required (2) — — — (2) Distribution of prefunded restructuring costs (5) (5) — (1) (11) 2016 payments for 2015 and prior initiatives (8) (15) (4) (13) (40) 2016 payments for 2016 initiatives (1) — — (4) (5) Foreign currency effect on liability balance (1) (1) (2) — (4) Accrued liabilities as of December 31, 2016 4 19 40 5 68 2017 (credits) charges for 2016 and prior initiatives (1) 3 2 2 6 2017 charges for 2017 initiatives 10 — — 2 12 2017 payments for 2016 and prior initiatives (1) (21) (2) (2) (26) 2017 payments for 2017 initiatives (8) — — (2) (10) Foreign currency effect on liability balance 1 1 1 — 3 Accrued liabilities as of December 31, 2017 $ 5 $ 2 $ 41 $ 5 $ 53 (1) The total workforce reduction reserves of $5 million relate to the termination of 130 positions, of which 82 positions had not been terminated as of December 31, 2017. (2) In December 2015, we prepaid $9 million of severance and other restructuring costs related to restructuring programs in our Textile Effects and Performance Products segments. Certain of the severance costs were prepaid to a third party who distributed the severance payments to affected employees when they were terminated in 2016. (3) Accrued liabilities remaining at December 31, 2017 and 2016 by year of initiatives were as follows (dollars in millions): December 31, 2017 2016 2015 initiatives $ 50 $ 67 2016 initiatives 1 1 2017 initiatives 2 — Total $ 53 $ 68 Details with respect to our reserves for restructuring, impairment and plant closing costs are provided below by segment and initiative (dollars in millions): Performance Advanced Textile Corporate Polyurethanes Products Materials Effects and other Total Accrued liabilities as of January 1, 2015 $ 6 $ 9 $ 5 $ 54 $ 4 $ 78 2015 charges for 2014 and prior initiatives 2 3 1 42 8 56 2015 charges for 2015 initiatives 17 8 5 2 1 33 Reversal of reserves no longer required (4) (1) — (7) (1) (13) 2015 payments for 2014 and prior initiatives (4) (8) (2) (34) (7) (55) 2015 payments for 2015 initiatives (11) (1) (5) (1) (1) (19) Foreign currency effect on liability balance (1) (1) — (1) — (3) Accrued liabilities as of December 31, 2015 5 9 4 55 4 77 2016 charges for 2015 and prior initiatives — 16 — 28 3 47 2016 charges for 2016 initiatives 4 — — 1 1 6 Reversal of reserves no longer required (1) — — — (1) (2) Distribution of prefunded restructuring costs — (6) — (5) — (11) 2016 payments for 2015 and prior initiatives (3) (19) — (14) (4) (40) 2016 payments for 2016 initiatives (3) — — (1) (1) (5) Foreign currency effect on liability balance — — (1) (3) — (4) Accrued liabilities as of December 31, 2016 2 — 3 61 2 68 2017 charges for 2016 and prior initiatives — — — 6 — 6 2017 charges for 2017 initiatives — 1 — 7 4 12 2017 payments for 2016 and prior initiatives (1) — — (25) — (26) 2017 payments for 2017 initiatives — — — (5) (5) (10) Foreign currency effect on liability balance — — — 3 — 3 Accrued liabilities as of December 31, 2017 $ 1 $ 1 $ 3 47 $ 1 $ 53 Current portion of restructuring reserves $ 1 $ 1 $ 3 $ 9 $ 1 $ 15 Long-term portion of restructuring reserves — — — 38 — 38 Details with respect to cash and noncash restructuring charges for the years ended December 31, 2017, 2016 and 2015 by initiative are provided below (dollars in millions): Cash charges: 2017 charges for 2016 and prior initiatives $ 6 2017 charges for 2017 initiatives 12 Pension-related charges 1 Noncash charges: Accelerated depreciation 2 Other noncash credits (1) Total 2017 Restructuring, Impairment and Plant Closing Costs $ 20 Cash charges: 2016 charges for 2015 and prior initiatives $ 47 2016 charges for 2016 initiatives 6 Reversal of reserves no longer required (2) Noncash charges: Gain on sale of land (4) Total 2016 Restructuring, Impairment and Plant Closing Costs $ 47 Cash charges: 2015 charges for 2014 and prior initiatives $ 56 2015 charges for 2015 initiatives 33 Reversal of reserves no longer required (13) Noncash charges: Accelerated depreciation 6 Other noncash charges 1 Total 2015 Restructuring, Impairment and Plant Closing Costs $ 83 2017 Restructuring Activities In September 2011, we implemented the Textile Effects Restructuring Plan, including the closure of our production facilities and business support offices in Basel, Switzerland. In connection with this restructuring plan, during the year ended December 31, 2017, our Textile Effects segment recorded restructuring expense of approximately $6 million associated with this initiative, including $2 million for non-cancelable long-term contract termination costs and $4 million for decommissioning. During the first quarter of 2017, we implemented a restructuring program to improve competitiveness in our Textile Effects segment. In connection with this restructuring program, we recorded restructuring expense of $7 million in the year ended December 31, 2017 related primarily to workforce reductions. We expect to incur additional charges of approximately $1 million through the fourth quarter of 2018. 2016 R estructuring A ctivities In December 2015, our Performance Products segment announced plans for a reorganization of its commercial and technical functions and a refocused divisional business strategy to better position the segment for growth in coming years. In addition, a program was launched to capture growth opportunities, improve manufacturing cost efficiency and reduce inventories. In connection with this restructuring program, we recorded restructuring expense of $16 million in 2016. All expected charges have been incurred as of the end of 2016. In connection with the Textile Effects Restructuring Plan during 2016, our Textile Effects segment recorded charges of $9 million for non-cancelable long-term contract termination costs and $20 million for decommissioning associated with this initiative. 2015 Restructuring A ctivities In June 2015, our Polyurethanes segment initiated a restructuring program in Europe. In connection with this restructuring program, we recorded restructuring expense of $13 million during 2015 related primarily to workforce reductions. All expected charges have been incurred as of the end of 2015. During 2013, our Performance Products segment initiated a restructuring program to refocus its surfactants business in Europe (the “Performance Products Restructuring Plan”). As part of our Performance Products Restructuring Plan, we recorded cash charges of $8 million primarily related to workforce reductions in 2015. In June 2015, our Advanced Materials segment initiated a restructuring program in Europe. In connection with this restructuring program, we recorded restructuring expense of $11 million during 2015 related primarily to workforce reductions and accelerated depreciation recorded as restructuring, impairment and plant closing costs. In connection with the Textile Effects Restructuring Plan, during 2015, we recorded charges of $9 million for non-cancelable long-term contract termination costs, $21 million for decommissioning and $1 million of other restructuring charges associated with this initiative. During the fourth quarter of 2015, we settled certain of our obligations under these long-term contracts and recorded a restructuring charge of $14 million. In addition, we recorded charges of $6 million associated with other initiatives. During 2015, our Corporate and other segment recorded charges of $8 million primarily related to a reorganization of our global information technology organization.

OTHER NONCURRENT LIABILITIES

OTHER NONCURRENT LIABILITIES	12 Months Ended
	Dec. 31, 2017
OTHER NONCURRENT LIABILITIES
OTHER NONCURRENT LIABILITIES	12. OTHER NONCURRENT LIABILITIES Other noncurrent liabilities consisted of the following (dollars in millions): Huntsman Corporation December 31, 2017 2016 Pension liabilities $ 715 $ 743 Other postretirement benefits 73 85 Environmental accruals 15 15 Restructuring and plant closing reserves 38 40 Employee benefit accrual 34 27 Asset retirement obligations 9 8 Other 202 139 Total $ 1,086 $ 1,057 Huntsman International December 31, 2017 2016 Pension liabilities $ 715 $ 743 Other postretirement benefits 73 85 Environmental accruals 15 15 Restructuring and plant closing reserves 38 40 Employee benefit accrual 34 27 Asset retirement obligations 9 8 Other 188 133 Total $ 1,072 $ 1,051

DEBT

DEBT	12 Months Ended
	Dec. 31, 2017
DEBT
DEBT	13. DEBT Outstanding debt, net of debt issuance costs, of consolidated entities consisted of the following (dollars in millions): Huntsman Corporation December 31, 2017 2016 Senior Credit Facilities: Term loans $ — $ 1,967 Amounts outstanding under A/R programs 180 208 Senior notes 1,927 1,812 Variable interest entities 107 126 Other 84 59 Total debt—excluding debt to affiliates $ 2,298 $ 4,172 Total current portion of debt $ 40 $ 50 Long-term portion 2,258 4,122 Total debt—excluding debt to affiliates $ 2,298 $ 4,172 Total debt—excluding debt to affiliates $ 2,298 $ 4,172 Notes payable to affiliates-noncurrent — 1 Total debt $ 2,298 $ 4,173 Huntsman International December 31, 2017 2016 Senior Credit Facilities: Term loans $ — $ 1,967 Amounts outstanding under A/R programs 180 208 Senior notes 1,927 1,812 Variable interest entities 107 126 Other 84 59 Total debt—excluding debt to affiliates $ 2,298 $ 4,172 Total current portion of debt $ 40 $ 50 Long-term portion 2,258 4,122 Total debt—excluding debt to affiliates $ 2,298 $ 4,172 Total debt—excluding debt to affiliates $ 2,298 $ 4,172 Notes payable to affiliates-current 100 100 Notes payable to affiliates-noncurrent 742 697 Total debt $ 3,140 $ 4,969 Direct and Subsidiary Debt Huntsman Corporation’s direct debt and guarantee obligations consist of a guarantee of certain indebtedness incurred from time to time to finance certain insurance premiums. Substantially all of our other debt, including the facilities described below, has been incurred by our subsidiaries (primarily Huntsman International); Huntsman Corporation is not a guarantor of such subsidiary debt. Certain of our subsidiaries are designated as nonguarantor subsidiaries and have third‑party debt agreements. These debt agreements contain certain restrictions with regard to dividends, distributions, loans or advances. In certain circumstances, the consent of a third party would be required prior to the transfer of any cash or assets from these subsidiaries to us. Debt Issuance Costs We record debt issuance costs related to a debt liability on the balance sheet as a reduction in the face amount of that debt liability. As of December 31, 2017 and 2016, the amount of debt issuance costs directly reducing the debt liability was $11 million and $57 million, respectively. We record the amortization of debt issuance costs as interest expense. Senior Credit Facilities As of December 31, 2017, our Senior Credit Facilities consisted of a Revolving Facility as follows (dollars in millions): Unamortized Discounts and Committed Principal Debt Issuance Carrying Facility Amount Outstanding Costs Value Interest Rate(2) Maturity Revolving Facility $ 650 $ — $ — $ — USD LIBOR plus 2.50% (1) We had no borrowings outstanding under our Revolving Facility; we had approximately $9 million (U.S. dollar equivalents) of letters of credit and bank guarantees issued and outstanding under our Revolving Facility. (2) The applicable interest rate of the Revolving Facility is subject to certain secured leverage ratio thresholds. Our obligations under the Senior Credit Facilities are guaranteed by substantially all of our domestic subsidiaries (collectively, the “Guarantors”), and are secured by a first priority lien on substantially all of our domestic property, plant and equipment (other than property, plant and equipment held by Venator and its subsidiaries), the stock of all of our material domestic subsidiaries (other than Venator and its subsidiaries) and certain foreign subsidiaries, and pledges of intercompany notes between certain of our subsidiaries. Repayment of Senior Secured Term Loans During 2017, we repaid in full our 2015 Extended Term Loan B, our 2021 Term Loan B, and our 2023 Term Loan B as follows: · In December 2017, we repaid in full the remaining $511 million on our 2023 Term Loan B using the funds raised from the secondary offering of Venator and existing cash and recognized a loss on early extinguishment of debt of $15 million. See “Note 3. Discontinued Operations and Business Dispositions—Separation of P&A Business.” · In August 2017, we made early prepayments of $1,207 million ($450 million of which constituted a mandatory repayment as described in the seventeenth amendment to the Senior Credit Facilities) on our Senior Credit Facilities, of which $106 million was paid on our 2015 Extended Term Loan B, $347 million was paid on our 2021 Term Loan B, and $754 million was paid on our 2023 Term Loan B. The funds used to pay down the debt included $732 million received from Venator ($750 million of debt raised by Venator net of $18 million of debt issuance costs), upon its payment of intercompany debt obligations owed to Huntsman and $475 million from proceeds of the Venator IPO. In connection with the $1,207 million prepayments of our term loans, we recognized a loss on early extinguishment of debt of $34 million. See “Note 3. Discontinued Operations and Business Dispositions—Separation of P&A Business.” In connection with the Separation, Venator raised $750 million of new financing, which included (i) $375 million of senior unsecured notes and (ii) $375 million under a new senior secured term loan facility. In addition, Venator entered into a new undrawn asset-based revolving lending facility in aggregate principal amount of up to $300 million. The Venator senior unsecured notes are guaranteed on a general unsecured senior basis by Venator and certain Venator subsidiaries. The Venator senior credit facilities are unconditionally guaranteed, jointly and severally, on a senior secured basis by Venator and certain of its subsidiaries. At Separation, the Venator debt facilities were recorded within current liabilities held for sale. Huntsman Corporation and its direct and indirect subsidiaries (other than Venator and its subsidiaries) do not provide any direct or indirect guarantee for the Venator debt obligations described above and they are non recourse to Huntsman Corporation and its subsidiaries. · In addition, on October 25, 2017, we made an early repayment of $100 million on our 2023 Term Loan B from existing cash, and on both July 26, 2017 and April 25, 2017, we made early repayments of $100 million each on our 2015 Extended Term Loan B from existing cash. In connection with the $300 million prepayments on our term loans, we recognized a loss on early extinguishment of debt of $3 million. Seventeenth Amendment to Credit Agreement On June 15, 2017, Huntsman International entered into a seventeenth amendment to the agreement governing the Senior Credit Facilities. The amendment permitted us to complete the Separation. In connection with the Separation, the amendment permitted the incurrence of certain indebtedness of Venator and the internal restructuring of the P&A Business assets. With the completion of the Separation, Venator and its subsidiaries were designated as unrestricted subsidiaries. A/R Programs Our A/R Programs are structured so that we grant a participating undivided interest in certain of our trade receivables to the U.S. SPE and the EU SPE. We retain the servicing rights and a retained interest in the securitized receivables. Information regarding our A/R Programs as of December 31, 2017 was as follows (monetary amounts in millions): Maximum Funding Amount Facility Maturity Availability(1) Outstanding Interest Rate(2) U.S. A/R Program April 2020 $ 250 $ 90 (3) Applicable rate plus 0.95% EU A/R Program April 2020 € 150 € 76 Applicable rate plus 1.30% (approximately $179) (approximately $90) (1) The amount of actual availability under our A/R Programs may be lower based on the level of eligible receivables sold, changes in the credit ratings of our customers, customer concentration levels and certain characteristics of the accounts receivable being transferred, as defined in the applicable agreements. (2) Applicable rate for our U.S. A/R Program is defined by the lender as USD LIBOR. Applicable rate for our EU A/R Program is either GBP LIBOR, USD LIBOR or EURIBOR. (3) As of December 31, 2017, we had approximately $5 million (U.S. dollar equivalents) of letters of credit issued and outstanding under our U.S. A/R Program. On April 21, 2017, we entered into amendments to our A/R Programs that, among other things, extend the scheduled termination dates to April 2020. As of December 31, 2017 and December 31, 2016, $334 million and $328 million, respectively, of accounts receivable were pledged as collateral under our A/R Programs from continuing operations. Notes As of December 31, 2017, we had outstanding the following notes (monetary amounts in millions): Unamortized Discounts and Debt Notes Maturity Interest Rate Amount Outstanding Issuance Costs 2020 Senior Notes November 2020 4.875 % $650 ($647 carrying value) $ (3) 2021 Senior Notes April 2021 5.125 % €445 (€444 carrying value $(529)) (1) 2022 Senior Notes November 2022 5.125 % $400 ($397 carrying value) (3) 2025 Senior Notes April 2025 4.250 % €300 (€297 carrying value $(354)) (3) The 2020, 2021, 2022 and 2025 Senior Notes are general unsecured senior obligations of Huntsman International and are guaranteed on a general unsecured senior basis by the Guarantors. The indentures impose certain limitations on the ability of Huntsman International and its subsidiaries to, among other things, incur additional indebtedness secured by any principal properties, incur indebtedness of nonguarantor subsidiaries, enter into sale and leaseback transactions with respect to any principal properties and consolidate or merge with or into any other person or lease, sell or transfer all or substantially all of its properties and assets. Upon the occurrence of certain change of control events, holders of the 2020, 2021, 2022 and 2025 Senior Notes will have the right to require that Huntsman International purchase all or a portion of such holder’s notes in cash at a purchase price equal to 101% of the principal amount thereof plus accrued and unpaid interest to the date of repurchase. Redemption of Notes and Loss on Early Extinguishment of Debt During the year ended December 31, 2015, we redeemed or repurchased the following notes (dollars in millions): Amount Paid Loss on Early Principal Amount of (Excluding Accrued Extinguishment Date of Redemption Notes Notes Redeemed Interest) of Debt September 2015 2021 Senior Subordinated Notes $ 195 $ 204 $ 7 April 2015 2021 Senior Subordinated Notes 289 311 20 January 2015 2021 Senior Subordinated Notes 37 40 3 Variable Interest Entity Debt As of December 31, 2017, AAC, our consolidated 50%-owned joint venture, had $107 million outstanding under its loan commitments and debt financing arrangements. As of December 31, 2017, we have $21 million classified as current debt and $86 million as long-term debt on our consolidated balance sheets. We do not guarantee these loan commitments, and AAC is not a guarantor of any of our other debt obligations. Other Debt On July 24, 2015, HPS entered into a financing arrangement to fund the construction of our MDI plant in China. As part of the financing, HPS has secured commitments of a RMB 669 million (approximately $102 million) term loan and a RMB 423 million (approximately $65 million) working capital facility. These facilities are unsecured, and we do not provide a guarantee of these loan commitments. As of December 31, 2017, we had term loan borrowings of RMB 277 million (approximately $42 million) and no borrowings under the working capital facility. The interest rate on the facilities is 90% of the Peoples Bank of China rate. As of December 31, 2017, the interest rate was approximately 4%. Note Payable from Huntsman International to Huntsman Corporation As of December 31, 2017, we have a loan of $842 million to our subsidiary, Huntsman International. The Intercompany Note is unsecured and $100 million of the outstanding amount is classified as current as of December 31, 2017 on our consolidated balance sheets. As of December 31, 2017, under the terms of the Intercompany Note, Huntsman International promises to pay us interest on the unpaid principal amount at a rate per annum based on the previous monthly average borrowing rate obtained under our U.S. A/R Program, less 10 basis points (provided that the rate shall not exceed an amount that is 25 basis points less than the monthly average borrowing rate obtained for the U.S. LIBOR‑based borrowings under our Revolving Facility). Compliance With Covenants We believe that we are in compliance with the covenants contained in the agreements governing our material debt instruments, including our Senior Credit Facilities, our A/R Programs and our notes. Our material financing arrangements contain certain covenants with which we must comply. A failure to comply with a covenant could result in a default under a financing arrangement unless we obtained an appropriate waiver or forbearance (as to which we can provide no assurance). A default under these material financing arrangements generally allows debt holders the option to declare the underlying debt obligations immediately due and payable. Furthermore, certain of our material financing arrangements contain cross‑default and cross-acceleration provisions under which a failure to comply with the covenants in one financing arrangement may result in an event of default under another financing arrangement. Our Senior Credit Facilities have the Leverage Covenant which applies only to the Revolving Facility and is calculated at the Huntsman International level. The Leverage Covenant is applicable only if borrowings, letters of credit or guarantees are outstanding under the Revolving Facility (cash collateralized letters of credit or guarantees are not deemed outstanding). The Leverage Covenant is a net senior secured leverage ratio covenant which requires that Huntsman International’s ratio of senior secured debt to EBITDA (as defined in the applicable agreement) is not more than 3.75 to 1. If in the future Huntsman International fails to comply with the Leverage Covenant, then we may not have access to liquidity under our Revolving Facility. If Huntsman International failed to comply with the Leverage Covenant at a time when we had uncollateralized loans or letters of credit outstanding under the Revolving Facility, Huntsman International would be in default under the Senior Credit Facilities, and, unless Huntsman International obtained a waiver or forbearance with respect to such default (as to which we can provide no assurance), Huntsman International could be required to pay off the balance of the Senior Credit Facilities in full, and we may not have further access to such facilities. The agreements governing our A/R Programs also contain certain receivable performance metrics. Any material failure to meet the applicable A/R Programs’ metrics in the future could lead to an early termination event under the A/R Programs, which could require us to cease our use of such facilities, prohibiting us from additional borrowings against our receivables or, at the discretion of the lenders, requiring that we repay the A/R Programs in full. An early termination event under the A/R Programs would also constitute an event of default under our Senior Credit Facilities, which could require us to pay off the balance of the Senior Credit Facilities in full and could result in the loss of our Senior Credit Facilities. Maturities The scheduled maturities of our debt (excluding debt to affiliates) by year as of December 31, 2017 are as follows (dollars in millions): Year ending December 31, 2018 $ 40 2019 27 2020 865 2021 560 2022 409 Thereafter 397 $ 2,298

DERIVATIVE INSTRUMENTS AND HEDG

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	12 Months Ended
	Dec. 31, 2017
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	14. DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES We are exposed to market risks, such as changes in interest rates, foreign exchange rates and commodity prices. From time to time, we enter into transactions, including transactions involving derivative instruments, to manage certain of these exposures. We also hedge our net investment in certain European operations. Changes in the fair value of the hedge in the net investment of certain European operations are recorded in accumulated other comprehensive loss. Interest Rate Risk Through our borrowing activities, we are exposed to interest rate risk. Such risk arises due to the structure of our debt portfolio, including the mix of fixed and floating interest rates. Actions taken to reduce interest rate risk include managing the mix and rate characteristics of various interest bearing liabilities, as well as entering into interest rate derivative instruments. From time to time, we may purchase interest rate swaps and/or other derivative instruments to reduce the impact of changes in interest rates on our floating-rate long-term debt. Under interest rate swaps, we agree with other parties to exchange, at specified intervals, the difference between fixed-rate and floating-rate interest amounts calculated by reference to an agreed notional principal amount. Huntsman International had entered into several interest rate contracts to hedge the variability caused by monthly changes in cash flow due to associated changes in LIBOR under our Senior Credit Facilities. These swaps were designated as cash flow hedges and the effective portion of the changes in the fair value of the swaps were recorded in other comprehensive income (loss). These swaps expired in April 2017. Beginning in 2009, AAC entered into a 12-year floating to fixed interest rate contract providing for a receipt of LIBOR interest payments for a fixed payment of 5.02%. In connection with the consolidation of AAC as of July 1, 2010, the interest rate contract is now included in our consolidated results. See “Note 7. Variable Interest Entities.” The notional amount of the swap as of December 31, 2017 was $14 million, and the interest rate contract is not designated as a cash flow hedge. As of both December 31, 2017 and 2016, the fair value of the swap was $1 million, and was recorded as other noncurrent liabilities on our consolidated balance sheets. For 2017 and 2016, we recorded a reduction of interest expense of nil each due to changes in fair value of the swap. During 2017, accumulated other comprehensive loss of nil was reclassified to earnings. The actual amount that will be reclassified to earnings over the next twelve months may vary from this amount due to changing market conditions. We would be exposed to credit losses in the event of nonperformance by a counterparty to our derivative financial instruments. We anticipate, however, that the counterparties will be able to fully satisfy their obligations under the contracts. Market risk arises from changes in interest rates. Foreign Exchange Rate Risk Our cash flows and earnings are subject to fluctuations due to exchange rate variation. Our revenues and expenses are denominated in various currencies. We enter into foreign currency derivative instruments to minimize the short-term impact of movements in foreign currency rates. Where practicable, we generally net multicurrency cash balances among our subsidiaries to help reduce exposure to foreign currency exchange rates. Certain other exposures may be managed from time to time through financial market transactions, principally through the purchase of spot or forward foreign exchange contracts (generally with maturities of three months or less). We do not hedge our currency exposures in a manner that would eliminate the effect of changes in exchange rates on our cash flows and earnings. As of December 31, 2017 and 2016, we had approximately $93 million and $176 million, respectively, notional amount (in U.S. dollar equivalents) outstanding in foreign currency contracts with a term of approximately one month, of which nil and $88 million, respectively, were on behalf of our former P&A Business. In November 2014, we entered into two five year cross-currency interest rate contracts and one eight year cross-currency interest rate contract to swap an aggregate notional $200 million for an aggregate notional €161 million. The swap was designated as a hedge of net investment for financial reporting purposes. In August 2017, we terminated these cross-currency interest rate contracts and received $7 million from the counterparties. In March 2010, we entered into three five year cross-currency interest rate contracts to swap an aggregate notional $350 million for an aggregate notional €255 million. This swap was designated as a hedge of net investment for financial reporting purposes. During the three months ended March 31, 2015, we terminated these cross-currency interest rate contracts and received $66 million in payments from the counterparties. A portion of our debt is denominated in euros. We also finance certain of our non-U.S. subsidiaries with intercompany loans that are, in many cases, denominated in currencies other than the entities’ functional currency. We manage the net foreign currency exposure created by this debt through various means, including cross-currency swaps, the designation of certain intercompany loans as permanent loans because they are not expected to be repaid in the foreseeable future and the designation of certain debt and swaps as net investment hedges. Foreign currency transaction gains and losses on intercompany loans that are not designated as permanent loans are recorded in earnings. Foreign currency transaction gains and losses on intercompany loans that are designated as permanent loans are recorded in other comprehensive income (loss). From time to time, we review such designation of intercompany loans. We review our non‑U.S. dollar denominated debt and derivative instruments to determine the appropriate amounts designated as hedges. As of December 31, 2017, for our continuing operations, we have designated approximately €470 million (approximately $559 million) of euro‑denominated debt and cross‑currency interest rate contracts as a hedge of our net investment. For the years ended December 31, 2017, 2016 and 2015, for our continuing operations, the amounts recognized on the hedge of our net investment was a loss of $96 million, and gains of $27 million and $68 million, respectively, and were recorded in other comprehensive income (loss). Commodity Prices Risk Inherent in our business is exposure to price changes for several commodities. However, our exposure to changing commodity prices is somewhat limited since the majority of our raw materials are acquired at posted or market related prices, and sales prices for many of our finished products are at market related prices which are largely set on a monthly or quarterly basis in line with industry practice. Consequently, we do not generally hedge our commodity exposures.

FAIR VALUE

FAIR VALUE	12 Months Ended
	Dec. 31, 2017
FAIR VALUE
FAIR VALUE	15. FAIR VALUE The fair values of our financial instruments were as follows (dollars in millions): December 31, 2017 December 31, 2016 Carrying Estimated Carrying Estimated Value Fair Value Value Fair Value Non-qualified employee benefit plan investments $ 33 $ 33 27 $ 27 Investments in equity securities — — 18 18 Cross-currency interest rate contracts — — 29 29 Interest rate contracts (1) (1) (2) (2) Long-term debt (including current portion) (2,298) (2,483) (4,172) (4,345) The carrying amounts reported in the balance sheets of cash and cash equivalents, accounts receivable and accounts payable approximate fair value because of the immediate or short‑term maturity of these financial instruments. The fair values of non‑qualified employee benefit plan investments and investments in equity securities are obtained through market observable pricing using prevailing market prices. The estimated fair values of our long‑term debt are based on quoted market prices for the identical liability when traded as an asset in an active market (Level 1). The fair value estimates presented herein are based on pertinent information available to management as of December 31, 2017 and 2016. Although management is not aware of any factors that would significantly affect the estimated fair value amounts, such amounts have not been comprehensively revalued for purposes of these financial statements since December 31, 2017, and current estimates of fair value may differ significantly from the amounts presented herein. The following assets and liabilities are measured at fair value on a recurring basis (dollars in millions): Fair Value Amounts Using Quoted prices Significant other Significant in active markets observable unobservable December 31, for identical inputs inputs Description 2017 assets (Level 1)(3) (Level 2)(3) (Level 3) Assets: Available-for sale equity securities: Non-qualified employee benefit plan investments $ 33 $ 33 $ — $ — Liabilities: Derivatives: Interest rate contracts(1) $ (1) $ — $ (1) $ — Fair Value Amounts Using Quoted prices Significant other Significant in active markets observable unobservable December 31, for identical inputs inputs Description 2016 assets (Level 1)(3) (Level 2)(3) (Level 3) Assets: Available-for sale equity securities: Non-qualified employee benefit plan investments $ 27 $ 27 $ — $ — Investments in equity securities 18 18 — — Derivatives: Cross-currency interest rate contracts(2) 29 — — 29 Total assets $ 74 $ 45 $ — $ 29 Liabilities: Derivatives: Interest rate contracts(1) $ (2) $ — $ (2) $ — (1) The income approach is used to calculate the fair value of these instruments. Fair value represents the present value of estimated future cash flows, calculated using relevant interest rates and yield curves at stated intervals. There were no material changes to the valuation methods or assumptions used to determine the fair value during the current period. (2) The income approach is used to calculate the fair value of these instruments. Fair value represents the present value of estimated future cash flows, calculated using relevant interest rates, exchange rates, and yield curves at stated intervals. There were no material changes to the valuation methods or assumptions used to determine the fair value during the current period. In November 2014, we entered into two five year cross-currency interest rate contracts and one eight year cross-currency interest rate contract. These instruments had been categorized by us as Level 3 within the fair value hierarchy due to unobservable inputs associated with the credit valuation adjustment, which we deemed to be significant inputs to the overall measurement of fair value at inception. In August 2017, we terminated these cross-currency interest rate contracts and received $7 million in payments from the counterparties. (3) There were no transfers between Levels 1 and 2 within the fair value hierarchy for the years ended December 31, 2017 and 2016. The following tables show reconciliations of beginning and ending balances for the years ended December 31, 2017 and 2016 for instruments measured at fair value on a recurring basis using significant unobservable inputs (Level 3) (dollars in millions). Cross-Currency Interest Rate Contracts Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Beginning balance $ 29 Transfers into Level 3 — Transfers out of Level 3 — Total (losses) gains: Included in earnings — Included in other comprehensive income (loss) (22) Purchases, sales, issuances and settlements (7) Ending balance, December 31, 2017 $ — The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains (losses) relating to assets still held at December 31, 2017 $ — Cross-Currency Interest Rate Contracts Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Beginning balance $ 28 Transfers into Level 3 — Transfers out of Level 3 — Total (losses) gains: Included in earnings — Included in other comprehensive income (loss) 1 Purchases, sales, issuances and settlements — Ending balance, December 31, 2016 $ 29 The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains (losses) relating to assets still held at December 31, 2016 $ — Gains and losses (realized and unrealized) included in earnings for instruments measured at fair value on a recurring basis using significant unobservable inputs (Level 3) are reported in interest expense and other comprehensive income (loss) as follows (dollars in millions): Other Interest comprehensive 2017 expense income (loss) Total net gains included in earnings $ — $ — Changes in unrealized losses — (22) Other Interest comprehensive 2016 expense income (loss) Total net gains included in earnings $ — $ — Changes in unrealized gains related to assets still held at December 31, 2016 — 1 We also have assets that under certain conditions are subject to measurement at fair value on a non-recurring basis. These assets include property, plant and equipment and those associated with acquired businesses, including goodwill and intangible assets. For these assets, measurement at fair value in periods subsequent to their initial recognition is applicable if one or more is determined to be impaired. During both 2017 and 2016, there were no charges recorded for the impairment of long-lived assets.

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	12 Months Ended
	Dec. 31, 2017
EMPLOYEE BENEFIT PLANS
EMPLOYEE BENEFIT PLANS	16. EMPLOYEE BENEFIT PLANS Defined Benefit and Other Postretirement Benefit We provide a trusteed, non contributory defined benefit pension plan (the “Plan”) that covers the majority of our U.S. employees. Effective July 1, 2004, the Plan formula for employees not covered by a collective bargaining agreement was converted to a cash balance design. For represented employees, participation in the cash balance design was subject to the terms of negotiated contracts. For participating employees, benefits accrued under the prior formula were converted to opening cash balance accounts. The cash balance benefit formula provides annual pay credits from 6% to 12% of eligible pay, depending on age and service, plus accrued interest. The conversion to the cash balance plan did not have a significant impact on the accrued benefit liability, the funded status or ongoing pension expense. Beginning July 1, 2014, the Huntsman Defined Benefit Pension Plan was closed to new non-union entrants and as of April 1, 2015, it was closed to new union entrants. In addition, as of January 1, 2015, Rubicon LLC closed its defined benefit plan to new entrants. Following the closure of these plans, new hires have been provided with a defined contribution plan with a non-discretionary employer contribution of 6% of pay and a company match of up to 4% of pay, for a total company contribution of up to 10% of pay. We also sponsor unfunded postretirement benefit plans other than pensions, which provide medical and life insurance benefits. Effective August 1, 2015, the post retirement benefit plans were closed to new entrants. Our postretirement benefit plans provide access to two fully insured Medicare Part D plans including prescription drug benefits affected by the Medicare Prescription Drug, Improvement and Modernization Act of 2003 (the “Act”). We cannot determine whether the medical benefits provided by our postretirement benefit plans are actuarially equivalent to those provided by the Act. We do not collect a subsidy and our net periodic postretirement benefits cost, and related benefit obligation, do not reflect an amount associated with the subsidy. We do not subsidize the premium cost of these plans; the premiums are entirely paid by the retirees. We sponsor defined benefit plans in a number of countries outside of the U.S. The availability of these plans, and their specific design provisions, are consistent with local competitive practices and regulations. The following table sets forth the funded status of the plans for us and Huntsman International and the amounts recognized in our consolidated balance sheets at December 31, 2017 and 2016 (dollars in millions): Defined Benefit Plans Other Postretirement Benefit Plans 2017 2016 2017 2016 U.S. Non-U.S. U.S. Non-U.S. U.S. Non-U.S. U.S. Non-U.S. Plans Plans Plans Plans Plans Plans Plans Plans Change in benefit obligation Benefit obligation at beginning of year $ 1,049 $ 2,064 $ 953 $ 1,986 $ 93 $ — $ 87 $ — Service cost 30 33 30 29 3 — 2 — Interest cost 44 35 47 41 3 — 4 — Participant contributions — 5 — 5 2 — 3 — Plan amendments — (1) — — — — — — Foreign currency exchange rate changes — 207 — (165) — — — — Special termination benefits — 1 — — — — — — Settlements/transfers/divestitures — — — (2) — — — — Curtailments — — — (1) — — — — Actuarial (gain) loss 91 (10) 73 242 (12) — 8 — Benefits paid (61) (75) (54) (71) (9) — (11) — Benefit obligation at end of year $ 1,153 $ 2,259 $ 1,049 $ 2,064 $ 80 $ — $ 93 $ — Change in plan assets Fair value of plan assets at beginning of year $ 721 $ 1,639 $ 716 $ 1,637 $ — $ — $ — $ — Actual return on plan assets 104 109 53 175 — — — — Foreign currency exchange rate changes — 166 — (143) — — — — Participant contributions — 5 — 5 2 — 3 — Acquisitions/divestitures — — — — — — — — Company contributions 57 39 6 36 7 — 8 — Benefits paid (61) (75) (54) (71) (9) — (11) — Fair value of plan assets at end of year $ 821 $ 1,883 $ 721 $ 1,639 $ — $ — $ — $ — Funded status Fair value of plan assets $ 821 $ 1,883 $ 721 $ 1,639 $ — $ — $ — $ — Benefit obligation 1,153 2,259 1,049 2,064 80 — 93 — Accrued benefit cost $ (332) $ (376) $ (328) $ (425) $ (80) $ — $ (93) $ — Amounts recognized in balance sheet: Noncurrent asset $ — $ 22 $ — $ 1 $ — $ — $ — $ — Current liability (10) (5) (6) (5) (7) — (8) — Noncurrent liability (322) (393) (322) (421) (73) — (85) — $ (332) $ (376) $ (328) $ (425) $ (80) $ — $ (93) $ — Huntsman Corporation Defined Benefit Plans Other Postretirement Benefit Plans 2017 2016 2017 2016 U.S. Non-U.S. U.S. Non-U.S. U.S. Non-U.S. U.S. Non-U.S. Plans Plans Plans Plans Plans Plans Plans Plans Amounts recognized in accumulated other comprehensive loss: Net actuarial loss $ 419 $ 1,000 $ 407 $ 1,100 $ 30 $ — $ 45 $ 1 Prior service credit (15) (29) (17) (31) (45) — (51) (2) $ 404 $ 971 $ 390 $ 1,069 $ (15) $ — $ (6) $ (1) Huntsman International Defined Benefit Plans Other Postretirement Benefit Plans 2017 2016 2017 2016 U.S. Non-U.S. U.S. Non-U.S. U.S. Non-U.S. U.S. Non-U.S. Plans Plans Plans Plans Plans Plans Plans Plans Amounts recognized in accumulated other comprehensive loss: Net actuarial loss $ 420 $ 1,030 $ 408 $ 1,137 $ 30 $ — $ 45 $ 1 Prior service credit (15) (29) (17) (31) (45) — (51) (2) $ 405 $ 1,001 $ 391 $ 1,106 $ (15) $ — $ (6) $ (1) The amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit cost of continuing operations during the next fiscal year are as follows (dollars in millions): Huntsman Corporation Other Postretirement Defined Benefit Plans Benefit Plans Non-U.S. Non-U.S. U.S. Plans Plans U.S. Plans Plans Actuarial loss $ 33 $ 38 $ 2 $ — Prior service credit (2) (5) (6) — Total $ 31 $ 33 $ (4) $ — Huntsman International Other Postretirement Defined Benefit Plans Benefit Plans Non-U.S. Non-U.S. U.S. Plans Plans U.S. Plans Plans Actuarial loss $ 33 $ 41 $ 2 $ — Prior service credit (2) (5) (6) — Total $ 31 $ 36 $ (4) $ — Components of net periodic benefit costs of continuing operations for the years ended December 31, 2017, 2016 and 2015 were as follows (dollars in millions): Huntsman Corporation Defined Benefit Plans U.S. plans Non-U.S. plans 2017 2016 2015 2017 2016 2015 Service cost $ 30 $ 30 $ 32 $ 33 $ 29 $ 34 Interest cost 44 47 42 35 41 45 Expected return on plan assets (55) (54) (56) (100) (93) (93) Amortization of prior service credit (2) (5) (6) (5) (4) (1) Amortization of actuarial loss 30 25 32 45 31 34 Special termination benefits — — — 1 — 1 Net periodic benefit cost $ 47 $ 43 $ 44 $ 9 $ 4 $ 20 Other Postretirement Benefit Plans U.S. plans Non-U.S. plans 2017 2016 2015 2017 2016 2015 Service cost $ 3 $ 2 $ 4 $ — $ — $ — Interest cost 3 4 5 — — — Amortization of prior service credit (6) (7) (5) — — — Amortization of actuarial loss 3 2 3 — — — Net periodic benefit cost $ 3 $ 1 $ 7 $ — $ — $ — Huntsman International Defined Benefit Plans U.S. plans Non-U.S. plans 2017 2016 2015 2017 2016 2015 Service cost $ 30 $ 30 $ 32 $ 33 $ 29 $ 34 Interest cost 44 47 42 35 41 45 Expected return on plan assets (55) (54) (56) (100) (93) (93) Amortization of prior service credit (2) (5) (6) (5) (4) (1) Amortization of actuarial loss 30 25 32 48 34 37 Special termination benefits — — — 1 — 1 Net periodic benefit cost $ 47 $ 43 $ 44 $ 12 $ 7 $ 23 Other Postretirement Benefit Plans U.S. plans Non-U.S. plans 2017 2016 2015 2017 2016 2015 Service cost $ 3 $ 2 $ 4 $ — $ — $ — Interest cost 3 4 5 — — — Amortization of prior service credit (6) (7) (5) — — — Amortization of actuarial loss 3 2 3 — — — Net periodic benefit cost $ 3 $ 1 $ 7 $ — $ — $ — The amounts recognized in net periodic benefit cost and other comprehensive income (loss) as of December 31, 2017, 2016 and 2015 were as follows (dollars in millions): Huntsman Corporation Defined Benefit Plans U.S. plans Non-U.S. plans 2017 2016 2015 2017 2016 2015 Current year actuarial loss (gain) $ 42 $ 74 $ 2 $ (42) $ 235 $ 33 Amortization of actuarial loss (30) (25) (32) (61) (42) (43) Current year prior service (credits) cost — — — (2) — (32) Amortization of prior service credit 2 5 6 4 4 — Curtailment (gain)/loss — — — 3 — — Total recognized in other comprehensive income (loss) 14 54 (24) (98) 197 (42) Amounts related to discontinued operations 3 — 1 37 (65) (13) Total recognized in other comprehensive income (loss) in continuing operations 17 54 (23) (61) 132 (55) Net periodic benefit cost 47 43 44 9 4 20 Total recognized in net periodic benefit cost and other comprehensive income (loss) $ 64 $ 97 $ 21 $ (52) $ 136 $ (35) Other Postretirement Benefit Plans U.S. plans Non-U.S. plans 2017 2016 2015 2017 2016 2015 Current year actuarial loss (gain) $ (12) $ 9 $ (9) $ — $ — $ — Amortization of actuarial loss (3) (2) (3) (1) — — Current year prior service credit — — (40) — (2) — Amortization of prior service credit 6 7 5 2 — — Total recognized in other comprehensive income (loss) (9) 14 (47) 1 (2) — Amounts related to discontinued operations — (1) 1 (1) 3 — Total recognized in other comprehensive income (loss) in continuing operations (9) 13 (46) — 1 — Net periodic benefit cost 3 1 7 — — — Total recognized in net periodic benefit cost and other comprehensive income (loss) $ (6) $ 14 $ (39) $ — $ 1 $ — Huntsman International Defined Benefit Plans U.S. plans Non-U.S. plans 2017 2016 2015 2017 2016 2015 Current year actuarial loss $ 42 $ 74 $ 2 $ (42) $ 235 $ 33 Amortization of actuarial loss (30) (25) (32) (68) (49) (51) Current year prior service credit — — — (2) — (32) Amortization of prior service credit 2 5 6 4 4 — Curtailment (gain)/loss — — — 3 — — Total recognized in other comprehensive income (loss) 14 54 (24) (105) 190 (50) Amounts related to discontinued operations 3 — 1 42 (61) (8) Total recognized in other comprehensive income (loss) in continuing operations 17 54 (23) (63) 129 (58) Net periodic benefit cost 47 43 44 12 7 23 Total recognized in net periodic benefit cost and other comprehensive income (loss) $ 64 $ 97 $ 21 $ (51) $ 136 $ (35) Other Postretirement Benefit Plans U.S. plans Non-U.S. plans 2017 2016 2015 2017 2016 2015 Current year actuarial loss (gain) $ (12) $ 9 $ (9) $ — $ — $ — Amortization of actuarial loss (3) (2) (3) (1) — — Current year prior service credit — — (40) — (2) — Amortization of prior service credit 6 7 5 2 — — Total recognized in other comprehensive income (loss) (9) 14 (47) 1 (2) — Amounts related to discontinued operations — (1) 1 (1) 3 — Total recognized in other comprehensive income (loss) in continuing operations (9) 13 (46) — 1 — Net periodic benefit cost 3 1 7 — — — Total recognized in net periodic benefit cost and other comprehensive income (loss) $ (6) $ 14 $ (39) $ — $ 1 $ — The following weighted‑average assumptions were used to determine the projected benefit obligation at the measurement date and the net periodic pension cost for the year: Defined Benefit Plans U.S. plans Non-U.S. plans 2017 2016 2015 2017 2016 2015 Projected benefit obligation Discount rate 3.74 % 4.24 % 4.90 % 1.65 % 1.61 % 2.15 % Rate of compensation increase 4.13 % 4.17 % 4.17 % 3.38 % 3.37 % 3.28 % Net periodic pension cost Discount rate 4.24 % 4.90 % 4.25 % 1.61 % 2.15 % 2.15 % Rate of compensation increase 4.17 % 4.17 % 4.19 % 3.37 % 3.28 % 3.35 % Expected return on plan assets 7.55 % 7.54 % 7.75 % 5.68 % 5.91 % 5.69 % Other Postretirement Benefit Plans U.S. plans Non-U.S. plans 2017 2016 2015 2017 2016 2015 Projected benefit obligation Discount rate 3.57 % 4.03 % 4.68 % 3.30 % 3.50 % 3.70 % Net periodic pension cost Discount rate 4.03 % 4.68 % 4.37 % 3.50 % 3.70 % 3.80 % At both December 31, 2017 and 2016 the health care trend rate used to measure the expected increase in the cost of benefits was assumed to be 7.0%, decreasing to 5% after 2025. Assumed health care cost trend rates can have a significant effect on the amounts reported for the postretirement benefit plans. A one-percent point change in assumed health care cost trend rates would have the following effects (dollars in millions): Increase Decrease Asset category Effect on total of service and interest cost $ — $ — Effect on postretirement benefit obligation — — The projected benefit obligation and fair value of plan assets for the defined benefit plans with projected benefit obligations in excess of plan assets as of December 31, 2017 and 2016 were as follows (dollars in millions): U.S. plans Non-U.S. plans 2017 2016 2017 2016 Projected benefit obligation in excess of plan assets Projected benefit obligation $ 1,153 $ 1,049 $ 1,213 $ 2,050 Fair value of plan assets 821 721 815 1,623 The projected benefit obligation, accumulated benefit obligation and fair value of plan assets for the defined benefit plans with an accumulated benefit obligation in excess of plan assets as of December 31, 2017 and 2016 were as follows (dollars in millions): U.S. plans Non-U.S. plans 2017 2016 2017 2016 Accumulated benefit obligation in excess of plan assets Projected benefit obligation $ 1,153 $ 1,049 $ 1,026 $ 1,121 Accumulated benefit obligation 1,127 1,022 957 1,043 Fair value of plan assets 821 721 638 721 Expected future contributions and benefit payments related to continuing operations are as follows (dollars in millions): U.S. Plans Non-U.S. Plans Other Other Defined Postretirement Defined Postretirement Benefit Benefit Benefit Benefit Plans Plans Plans Plans 2018 expected employer contributions To plan trusts $ 51 $ 7 $ 38 $ — Expected benefit payments 2018 72 7 71 — 2019 61 7 71 — 2020 62 6 74 — 2021 62 6 78 — 2022 107 6 79 — 2023 - 2027 370 31 428 — Our investment strategy with respect to pension assets is to pursue an investment plan that, over the long term, is expected to protect the funded status of the plan, enhance the real purchasing power of plan assets, and not threaten the plan’s ability to meet currently committed obligations. Additionally, our investment strategy is to achieve returns on plan assets, subject to a prudent level of portfolio risk. Plan assets are invested in a broad range of investments. These investments are diversified in terms of domestic and international equities, both growth and value funds, including small, mid and large capitalization equities; short‑term and long‑term debt securities; real estate; and cash and cash equivalents. The investments are further diversified within each asset category. The portfolio diversification provides protection against a single investment or asset category having a disproportionate impact on the aggregate performance of the plan assets. Our pension plan assets are managed by outside investment managers. The investment managers value our plan assets using quoted market prices, other observable inputs or unobservable inputs. For certain assets, the investment managers obtain third‑party appraisals at least annually, which use valuation techniques and inputs specific to the applicable property, market, or geographic location. During 2017, there were no transfers into or out of Level 3 assets. We have established target allocations for each asset category. Our pension plan assets are periodically rebalanced based upon our target allocations. The fair value of plan assets for the pension plans was $2.7 billion and $2.4 billion at December 31, 2017 and 2016, respectively. The following plan assets are measured at fair value on a recurring basis (dollars in millions): Fair Value Amounts Using Quoted prices in active Significant other Significant December 31, markets for identical observable inputs unobservable inputs Asset category 2017 assets (Level 1) (Level 2) (Level 3) U.S. pension plans: Equities $ 440 $ 318 $ 122 $ — Fixed income 311 239 72 — Real estate/other 70 — — 70 Cash — — — — Total U.S. pension plan assets $ 821 $ 557 $ 194 $ 70 Non-U.S. pension plans: Equities $ 602 $ 230 $ 372 $ — Fixed income 739 477 262 — Real estate/other 508 104 349 55 Cash 34 33 1 — Total Non-U.S. pension plan assets $ 1,883 $ 844 $ 984 $ 55 Fair Value Amounts Using Quoted prices in active Significant other Significant December 31, Markets for identical Observable inputs Unobservable inputs Asset category 2016 assets (Level 1) (Level 2) (Level 3) U.S. pension plans: Equities $ 383 $ 272 $ 111 $ — Fixed income 274 210 64 — Real estate/other 64 — — 64 Cash — — — — Total U.S. pension plan assets $ 721 $ 482 $ 175 $ 64 Non-U.S. pension plans: Equities $ 594 $ 245 $ 349 $ — Fixed income 599 509 90 — Real estate/other 430 66 322 42 Cash 16 16 — — Total Non-U.S. pension plan assets $ 1,639 $ 836 $ 761 $ 42 The following table reconciles the beginning and ending balances of plan assets measured at fair value using unobservable inputs (Level 3) (dollars in millions): Real Estate/Other Year ended December 31, 2017 2016 Fair Value Measurements of Plan Assets Using Significant Unobservable Inputs (Level 3) Balance at beginning of period $ 106 $ 104 Return on pension plan assets 14 4 Purchases, sales and settlements 5 (2) Transfers into (out of) Level 3 — — Balance at end of period $ 125 $ 106 Based upon historical returns, the expectations of our investment committee and outside advisors, the expected long‑term rate of return on the pension assets is estimated to be between 5.68% and 7.75%. The asset allocation for our pension plans at December 31, 2017 and 2016 and the target allocation for 2015, by asset category are as follows: Target Allocation Allocation at December 31, Asset category 2018 2017 2016 U.S. pension plans: Equities 53 % 54 % 53 % Fixed income 39 % 38 % 38 % Real estate/other 8 % 8 % 9 % Cash — % — % — Total U.S. pension plans 100 % 100 % 100 % Non-U.S. pension plans: Equities 38 % 32 % 36 % Fixed income 37 % 39 % 37 % Real estate/other 24 % 27 % 26 % Cash 1 % 2 % 1 % Total non-U.S. pension plans 100 % 100 % 100 % Equity securities in our pension plans did not include any direct investments in equity securities of our Company or our affiliates at the end of 2017. Defined Contribution Plans—U.S. We had a money purchase pension plan that covered substantially all of our domestic employees who were hired prior to January 1, 2004. Employer contributions were made based on a percentage of employees’ earnings (ranging up to 8%). During 2014, we closed this plan to non-union participants, and in 2015, we closed this plan to union associates. We continue to provide equivalent benefits to those who were covered under this plan into their salary deferral account. We have a salary deferral plan covering substantially all U.S. employees. Plan participants may elect to make voluntary contributions to this plan up to a specified amount of their compensation. We contribute an amount equal to the participant’s contribution, not to exceed 4 % of the participant’s compensation. For new hires who are not eligible for the cash balance plan, and associates who were covered by the money purchase pension plan prior to its closure, we contribute an additional amount into their salary deferral accounts, not to exceed 6% of the participant’s compensation. Our total combined expense for the above defined contribution plans for each of the years ended December 31, 2017, 2016 and 2015 was $22 million, $20 million and $20 million, respectively. Defined Contribution Plans—Non-U.S. We have defined contribution plans in a variety of non-U.S. locations. Our total combined expense for these defined contribution plans for the years ended December 31, 2017, 2016 and 2015 was $5 million, $4 million and $5 million, respectively, primarily related to the Huntsman UK Pension Plan. All UK associates are eligible to participate in the Huntsman UK Pension Plan, a contract - based arrangement with a third party. Company contributions vary by business during a five year transition period. Plan participants elect to make voluntary contributions to this plan up to a specified amount of their compensation. We contribute a matching amount not to exceed 12% of the participant’s salary for new hires and 15% of the participant’s salary for all other participants. Supplemental Salary Deferral Plan and Supplemental Executive Retirement Plan The Huntsman Supplemental Savings Plan (the “SSP”) is a non-qualified plan covering key management employees and allows participants to defer amounts that would otherwise be paid as compensation. The participant can defer up to 75% of their salary and bonus each year. This plan also provides benefits that would be provided under the Huntsman Salary Deferral Plan if that plan were not subject to legal limits on the amount of contributions that can be allocated to an individual in a single year. The SSP was amended and restated effective as of January 1, 2005 to allow eligible executive employees to comply with Section 409A of the Internal Revenue Code of 1986. The Huntsman Supplemental Executive Retirement Plan (the “SERP”) is an unfunded non-qualified pension plan established to provide certain executive employees with benefits that could not be provided, due to legal limitations, under the Huntsman Defined Benefit Pension Plan, a qualified defined benefit pension plan, and the Huntsman Money Purchase Pension Plan, a qualified money purchase pension plan. Assets of these plans are included in other noncurrent assets and as of December 31, 2017 and 2016 were $33 million and $27 million, respectively. During each of the years ended December 31, 2017, 2016 and 2015, we expensed a total of $1 million as contributions to the SSP and the SERP. Stock-Based Incentive Plan On May 5, 2016, our stockholders approved a new Huntsman Corporation 2016 Stock Incentive Plan (the “2016 Stock Incentive Plan”), which reserved 8.2 million shares for issuance. The Huntsman Corporation Stock Incentive Plan, as amended and restated (the “Prior Plan”), remains in effect for outstanding awards granted pursuant to the Prior Plan, but no further awards may be granted under the Prior Plan. Under the 2016 Stock Incentive Plan, we may grant nonqualified stock options, incentive stock options, stock appreciation rights, restricted stock, phantom stock, performance share units and other stock-based awards to our employees, directors and consultants and to employees and consultants of our subsidiaries, provided that incentive stock options may be granted solely to employees. The terms of the grants under both the 2016 Stock Incentive Plan and the Prior Plan are fixed at the grant date. As of December 31, 2017, we had approximately 8 million shares remaining under the 2017 Stock Incentive Plan available for grant. See “Note 21. Stock-Based Compensation Plan.” International Plans International employees are covered by various post‑employment arrangements consistent with local practices and regulations. Such obligations are included in other long‑term liabilities in our consolidated balance sheets.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2017
INCOME TAXES
INCOME TAXES	17. INCOME TAXES The following is a summary of U.S. and non‑U.S. provisions for current and deferred income taxes (dollars in millions): Huntsman Corporation Year ended December 31, 2017 2016 2015 Income tax expense (benefit): U.S. Current $ 23 $ 50 $ 54 Deferred (95) (15) 17 Non-U.S. Current 94 55 26 Deferred 42 19 (37) Total $ 64 $ 109 $ 60 Huntsman International Year ended December 31, 2017 2016 2015 Income tax expense (benefit): U.S. Current $ 16 $ 50 $ 52 Deferred (92) (16) 17 Non-U.S. Current 94 55 25 Deferred 43 19 (35) Total $ 61 $ 108 $ 59 The following schedule reconciles the differences between the U.S. federal income taxes at the U.S. statutory rate to our provision for income taxes (dollars in millions): Huntsman Corporation Year ended December 31, 2017 2016 2015 Income from continuing operations before income taxes $ 647 $ 474 $ 488 Expected tax expense at U.S. statutory rate of 35% $ 227 $ 166 $ 171 Change resulting from: State tax expense net of federal benefit (2) (1) (3) Non-U.S. tax rate differentials (64) (32) (2) Non-taxable portion of gain on sale of European surfactants business — (23) — U.S. Tax Reform Act impact (52) — — U.S. domestic manufacturing deduction — — (7) Currency exchange gains and losses 15 (5) (38) Effect of tax holidays — — (6) U.S. foreign tax credits, net of associated income and taxes — — (22) Tax benefit of losses with valuation allowances as a result of other comprehensive income — — (2) Tax authority audits and dispute resolutions 9 2 1 Change in valuation allowance (72) (38) (13) Other non-U.S. tax effects, including nondeductible expenses, tax effect of rate changes, transfer pricing adjustments and various withholding taxes 3 30 (20) Other U.S. tax effects, including nondeductible expenses and other credits — 10 1 Total income tax expense $ 64 $ 109 $ 60 Huntsman International Year ended December 31, 2017 2016 2015 Income from continuing operations before income taxes $ 640 $ 475 $ 493 Expected tax expense at U.S. statutory rate of 35% $ 224 $ 165 $ 170 Change resulting from: State tax expense net of federal benefit (2) (1) (3) Non-U.S. tax rate differentials (64) (32) (2) Non-taxable portion of gain on sale of European surfactants business — (23) — U.S. Tax Reform Act impact (53) — — U.S. domestic manufacturing deduction — — (7) Currency exchange gains and losses 15 (5) (38) Effect of tax holidays — — (6) U.S. foreign tax credits, net of associated income and taxes — — (22) Tax benefit of losses with valuation allowances as a result of other comprehensive income — — (2) Tax authority audits and dispute resolutions 9 2 1 Change in valuation allowance (72) (39) (13) Other non-U.S. tax effects, including nondeductible expenses, tax effect of rate changes, transfer pricing adjustments and various withholding taxes 4 32 (18) Other U.S. tax effects, including nondeductible expenses and other credits — 9 (1) Total income tax expense $ 61 $ 108 $ 59 We operate in many non-U.S. tax jurisdictions with no specific country earning a predominant amount of our off-shore earnings. The vast majority of these countries have income tax rates that are lower than the U.S. statutory rate. During 2017, 2016 and 2015, the average statutory rate for countries with pre-tax income was lower than the average statutory rate for countries with pre-tax losses, almost all of which had statutory rates lower than the U.S., resulting in net benefits as compared to the U.S. statutory rate of $64 million, $32 million and $2 million, respectively, reflected in the reconciliation above. In 2017, the $64 million net benefit relates primarily to our Polyurethanes business in The Netherlands, China and the U.K., as well as our Advanced Materials business in Switzerland and our Corporate function in Luxembourg. In 2016, the $32 million net benefit relates primarily to our Polyurethanes business in The Netherlands and China and our Advanced Materials business in Switzerland. In certain non-U.S. tax jurisdictions, our U.S. GAAP functional currency is different than the local tax currency. As a result, foreign exchange gains and losses will impact our effective tax rate. For 2017, this resulted in a $15 million tax expense and for 2016, this resulted in a $5 million tax benefit. For 2015, this resulted in a $23 million tax benefit ($38 million, net of $15 million of contingent liabilities and valuation allowances). During 2015, we declared a dividend from our non-U.S. operations to the U.S. which included bringing onshore certain U.S. foreign tax credits. The foreign tax credits brought onshore exceeded the amount needed to offset the cash tax impact of the dividend, as well as enough to allow us to carry $14 million of foreign tax credits back to a prior year and claim a refund. The components of income (loss) from continuing operations before income taxes were as follows (dollars in millions): Huntsman Corporation Year ended December 31, 2017 2016 2015 U.S. $ (39) $ 91 $ 265 Non-U.S. 686 383 223 Total $ 647 $ 474 $ 488 Huntsman International Year ended December 31, 2017 2016 2015 U.S. $ (46) $ 92 $ 268 Non-U.S. 686 383 225 Total $ 640 $ 475 $ 493 Components of deferred income tax assets and liabilities were as follows (dollars in millions): Huntsman Corporation December 31, 2017 2016 Deferred income tax assets: Net operating loss carryforwards $ 411 $ 539 Pension and other employee compensation 204 271 Property, plant and equipment 39 28 Intangible assets 93 99 Foreign tax credits — 5 Other, net 49 60 Total $ 796 $ 1,002 Deferred income tax liabilities: Property, plant and equipment $ (363) $ (489) Pension and other employee compensation (5) (1) Intangible assets (11) (9) Other, net (49) (125) Total $ (428) $ (624) Net deferred tax asset before valuation allowance $ 368 $ 378 Valuation allowance—net operating losses and other (424) (496) Net deferred tax liability $ (56) $ (118) Non-current deferred tax asset 208 253 Non-current deferred tax liability (264) (371) Net deferred tax liability $ (56) $ (118) Huntsman International December 31, 2017 2016 Deferred income tax assets: Net operating loss carryforwards $ 411 $ 542 Pension and other employee compensation 203 269 Property, plant and equipment 39 32 Intangible assets 93 99 Foreign tax credits — 5 Other, net 49 59 Total $ 795 $ 1,006 Deferred income tax liabilities: Property, plant and equipment $ (362) $ (486) Pension and other employee compensation (5) (1) Intangible assets (11) (9) Other, net (50) (125) Total $ (428) $ (621) Net deferred tax asset before valuation allowance $ 367 $ 385 Valuation allowance—net operating losses and other (424) (499) Net deferred tax liability $ (57) $ (114) Non-current deferred tax asset 208 253 Non-current deferred tax liability (265) (367) Net deferred tax liability $ (57) $ (114) We have gross NOLs of $1,615 million in various non‑U.S. jurisdictions. While the majority of the non‑U.S. NOLs have no expiration date, $479 million have a limited life (of which $461 million are subject to a valuation allowance) and $133 million are scheduled to expire in 2018 (all of which are subject to a valuation allowance). We had no NOLs expire unused in 2017. Included in the $1,615 million of gross non‑U.S. NOLs is $707 million attributable to our Luxembourg entities. As of December 31, 2017, due to the uncertainty surrounding the realization of the benefits of these losses, there is a valuation allowance of $144 million against these net tax‑effected NOLs of $184 million. We evaluate deferred tax assets to determine whether it is more likely than not that they will be realized. Valuation allowances are reviewed each period on a tax jurisdiction by jurisdiction basis to analyze whether there is sufficient positive or negative evidence to support a change in judgment about the realizability of the related deferred tax assets. These conclusions require significant judgment. In evaluating the objective evidence that historical results provide, we consider the cyclicality of businesses and cumulative income or losses during the applicable period. Cumulative losses incurred over the period limits our ability to consider other subjective evidence such as our projections for the future. Our judgments regarding valuation allowances are also influenced by the costs and risks associated with any tax planning idea associated with utilizing a deferred tax asset. During 2017, we released valuation allowances of $22 million. In Italy, we released valuation allowances of $7 million on certain net deferred assets of our Polyurethanes business. On March 1, 2017 and April 1, 2017, we de-merged the Italian legal entities containing our Polyurethanes business from our combined Italian tax group. The historical and expected continued profitability of those Polyurethanes businesses resulted in the release of the associated valuation allowance. In Luxembourg, we released valuation allowances of $15 million as a result of changes in estimated future taxable income resulting from increased intercompany receivables and, therefore, increased income in Luxembourg, our primary treasury center outside of the U.S. During 2016, we established valuation allowances of $12 million and released valuation allowances of $19 million. In Italy we established $9 million of valuation allowances on certain net deferred tax assets as a result of the sale of our European surfactants business, and in China we established $3 million of valuation allowances as a result of the closure of our Qingdao, China plant. We released valuation allowances of $12 million in Spain as a result of cumulative profitability and $7 million in The Netherlands as a result of tax planning to utilize losses that would have otherwise expired. During 2015, we established valuation allowances of $21 million and released valuation allowances of $3 million. In the U.S., we established $14 million of valuation allowance on U.S. foreign tax credits due to the application of specific foreign tax credit limitations and in The Netherlands we established $7 million of valuation allowance on losses which are scheduled to expire after 2016. Uncertainties regarding expected future income in certain jurisdictions could affect the realization of deferred tax assets in those jurisdictions and result in additional valuation allowances in future periods, or, in the case of unexpected pre-tax earnings, the release of valuation allowances in future periods. The following is a summary of changes in the valuation allowance (dollars in millions): Huntsman Corporation 2017 2016 2015 Valuation allowance as of January 1 $ 496 $ 526 $ 518 Valuation allowance as of December 31 424 496 526 Net (increase) decrease 72 30 (8) Foreign currency movements 11 (11) (4) (Decrease) increase to deferred tax assets with no impact on operating tax expense, including an offsetting (decrease) increase to valuation allowances (11) 19 25 Change in valuation allowance per rate reconciliation $ 72 $ 38 $ 13 Components of change in valuation allowance affecting tax expense: Pre-tax income and losses in jurisdictions with valuation allowances resulting in no tax expense or benefit $ 50 $ 31 $ 31 Releases of valuation allowances in various jurisdictions 22 19 3 Establishments of valuation allowances in various jurisdictions — (12) (21) Change in valuation allowance per rate reconciliation $ 72 $ 38 $ 13 Huntsman International 2017 2016 2015 Valuation allowance as of January 1 $ 499 $ 530 $ 522 Valuation allowance as of December 31 424 499 530 Net (increase) decrease 75 31 (8) Foreign currency movements 11 (11) (4) (Decrease) increase to deferred tax assets with no impact on operating tax expense, including an offsetting (decrease) increase to valuation allowances (14) 19 25 Change in valuation allowance per rate reconciliation $ 72 $ 39 $ 13 Components of change in valuation allowance affecting tax expense: Pre-tax income and losses in jurisdictions with valuation allowances resulting in no tax expense or benefit $ 49 $ 32 $ 31 Releases of valuation allowances in various jurisdictions 23 19 3 Establishments of valuation allowances in various jurisdictions — (12) (21) Change in valuation allowance per rate reconciliation $ 72 $ 39 $ 13 The following is a reconciliation of our unrecognized tax benefits (dollars in millions): 2017 2016 Unrecognized tax benefits as of January 1 $ 17 $ 37 Gross increases and decreases—tax positions taken during a prior period 3 1 Gross increases and decreases—tax positions taken during the current period 4 3 Decreases related to settlements of amounts due to tax authorities — (21) Reductions resulting from the lapse of statutes of limitation (2) (1) Foreign currency movements 1 (2) Unrecognized tax benefits as of December 31 $ 23 $ 17 As of December 31, 2017 and 2016, the amount of unrecognized tax benefits which, if recognized, would affect the effective tax rate is $19 million and $9 million, respectively. During 2017, we concluded and settled tax examinations in various jurisdictions, including, but not limited to, China and the U.S. (various states). During 2016, we concluded and settled tax examinations in various non-U.S. jurisdictions including, but not limited to, China, Germany, Indonesia, The Netherlands, Spain and the U.K. During 2015, we concluded and effectively settled tax examinations in the U.S. (both federal and various states) and various non-U.S. jurisdictions, including, but not limited to, China and France. During 2017, for unrecognized tax benefits that impact tax expense, we recorded a net increase in unrecognized tax benefits with a corresponding income tax expense (not including interest and penalty expense) of $9 million. During 2016 and 2015, we recorded a net increase in unrecognized tax benefits with a corresponding income tax expense (not including interest and penalty expense) of $2 million and $1 million, respectively. Additional decreases in unrecognized tax benefits were offset by cash settlements or by a decrease in net deferred tax assets and, therefore, did not affect income tax expense. In accordance with our accounting policy, we continue to recognize interest and penalties accrued related to unrecognized tax benefits in income tax expense. Year ended December 31, 2017 2016 2015 Interest expense included in tax expense $ — $ 1 $ — Penalties expense included in tax expense — — — December 31, 2017 2016 Accrued liability for interest $ 3 $ 3 Accrued liability for penalties — — We conduct business globally and, as a result, we file income tax returns in U.S. federal, various U.S. state and various non‑U.S. jurisdictions. The following table summarizes the tax years that remain subject to examination by major tax jurisdictions: Tax Jurisdiction Open Tax Years China 2012 and later France 2004 and later Germany 2011 and later India 2004 and later Italy 2013 and later Malaysia 2015 and later Switzerland 2011 and later The Netherlands 2015 and later United Kingdom 2016 and later United States federal 2009 and later Certain of our U.S. and non-U.S. income tax returns are currently under various stages of audit by applicable tax authorities and the amounts ultimately agreed upon in resolution of the issues raised may differ materially from the amounts accrued. We estimate that it is reasonably possible that certain of our non-U.S. unrecognized tax benefits could change within 12 months of the reporting date with a resulting decrease in the unrecognized tax benefits within a reasonably possible range of nil to $9 million. For the 12‑month period from the reporting date, we would expect that a substantial portion of the decrease in our unrecognized tax benefits would result in a corresponding benefit to our income tax expense. On December 22, 2017, the U.S. government enacted the U.S. Tax Reform Act. The U.S. Tax Reform Act makes broad and complex changes to the U.S. tax code that will affect 2017, including, but not limited to, requiring a one-time transition tax on certain unrepatriated earnings of foreign subsidiaries which is payable over eight years. Because of the complexity of these new laws, we are continuing to evaluate the application of ASC 740 to the U.S. Tax Reform Act and have, therefore, recorded only provisional amounts. The SEC staff issued SAB 118, which provides guidance on accounting for the tax effects of the U.S. Tax Reform Act. SAB 118 provides a measurement period that should not extend beyond one year from the U.S. Tax Reform Act enactment date for companies to complete the accounting under ASC 740. In accordance with SAB 118, a company must reflect the income tax effects of those aspects of the U.S. Tax Reform Act for which the accounting under ASC 740 is complete. To the extent that a company’s accounting for certain income tax effects of the U.S. Tax Reform Act is incomplete but it is able to determine a reasonable estimate, it should record a provisional estimate in the financial statements. If a company cannot determine a provisional estimate to be included in the financial statements, it should continue to apply ASC 740 on the basis of the provisions of the tax laws that were in effect immediately before the enactment of the U.S. Tax Reform Act. For various reasons that are discussed more fully below, we have not completed our accounting for the income tax effects of certain elements of the U.S. Tax Reform Act. If we were able to make reasonable estimates of the effects of elements for which our analysis is not yet complete, we recorded provisional adjustments. If we were not yet able to make reasonable estimates of the impact of certain elements, we have not recorded any adjustments related to those elements and have continued accounting for them in accordance with ASC 740 on the basis of the tax laws in effect before the U.S. Tax Reform Act. The U.S. Tax Reform Act establishes new tax laws that will affect 2018, including, but not limited to, (1) reduction of the U.S. federal corporate tax rate; (2) the creation of the base erosion anti-abuse tax (BEAT), a new minimum tax; (3) a general elimination of U.S. federal income taxes on dividends from foreign subsidiaries; (4) a new provision designed to tax global intangible low-taxed income (“GILTI”); (5) a new limitation on deductible interest expense; and (6) the repeal of the domestic production activity deduction. The U.S. Tax Reform Act reduces the corporate tax rate to 21%, effective January 1, 2018. For our net deferred tax assets and liabilities, we have recorded a provisional decrease of $12 million and $149 million, respectively, with a corresponding provisional net deferred tax benefit of $137 million for the year ended December 31, 2017. The provisional $12 million decrease in net deferred tax assets, with a corresponding net deferred tax expense of $12 million, relates to our consolidated variable interest entity, Rubicon LLC, which is a 50%-owned joint venture. Therefore, $6 million of this provisional tax expense is offset in net income attributable to noncontrolling interests. While we are able to make a reasonable estimate of the impact of the reduction in corporate rate, it may be affected by other analyses related to the U.S. Tax Reform Act, including, but not limited to, our calculation of deemed repatriation of deferred foreign income, return to accrual adjustments including completion of computations and analysis of 2017 expenditures that qualify for immediate expensing, and the state tax effect of adjustments made to federal temporary differences. The Deemed Repatriation Transition Tax is a tax on previously untaxed accumulated and current earnings and profits of certain of our foreign subsidiaries. To determine the amount of the transition tax, we must determine, in addition to other factors, the amount of post-1986 earnings and profits of the relevant subsidiaries, as well as the amount of non-U.S. income taxes paid on such earnings. We are able to make a reasonable estimate of the transition tax and recorded a provisional transition tax expense of $85 million. However, we are continuing to gather and analyze additional information to more precisely compute the amount of the transition tax. As required by U.S. GAAP, we have recognized the provisional $85 million of transition taxes in our income from continuing operations. Absent the Venator offering and certain tax related restructuring transactions, our provisional transition tax liability would have been $12 million. As required by U.S. GAAP, the impact of the U.S. Tax Reform Act is included in continuing operations, even for transactions associated with the Venator offering. Because of the complexity of the associated multistate tax considerations and limited specific guidance from state tax authorities, we have not determined or recorded any impact of the federal deemed repatriation of foreign earnings on our state tax expense or state deferred tax assets and liabilities. Under U.S. GAAP, we are allowed to make an accounting policy choice of either (1) treating taxes due on future U.S. inclusions in taxable income related to GILTI as a current-period expense when incurred (the “period cost method”) or (2) factoring such amounts into our measurement of our deferred taxes (the “deferred method”). Our selection of an accounting policy with respect to the new GILTI tax rules will depend, in part, on analyzing our global income to determine whether we expect to have future U.S. inclusions in taxable income related to GILTI and, if so, what the impact is expected to be. Because whether we expect to have future U.S. inclusions in taxable income related to GILTI depends on not only our current structure and estimated future results of global operations but also our intent and ability to modify our structure and/or our business, we are not yet able to reasonably estimate the effect of this provision of the U.S. Tax Reform Act. Therefore, we have not made any adjustments related to potential GILTI tax in our financial statements and have not made a policy decision regarding whether to record deferred taxes on GILTI. We must assess whether our valuation allowance analyses are affected by various aspects of the U.S. Tax Reform Act (e.g., deemed repatriation of deferred foreign income, GILTI inclusions, new categories of foreign tax credits). Since, as discussed, we have recorded provisional amounts related to certain portions of the U.S. Tax Reform Act, any corresponding determination of the need for or change in any valuation allowances is also provisional. We must also assess whether our uncertain tax positions are affected by various aspects of the U.S Tax Reform Act (e.g., deemed repatriation of deferred foreign income, GILTI inclusions, new categories of foreign tax credits). Since, as discussed, we have not made any adjustments related to certain portions of the U.S. Tax Reform Act, and have recorded only provisional amounts related to other portions of the U.S. Tax Reform Act, we have not determined the need for or change in any unrecognized tax positions. The U.S. Tax Reform Act includes a mandatory one-time tax on accumulated earnings of foreign subsidiaries, and as a result, all previously unremitted earnings for which no U.S. deferred tax liability had been accrued have now been subject to U.S. tax. For subsidiaries with local withholding taxes, we intend to continue to invest most or all of these earnings indefinitely within the local country and do not expect to incur any significant, additional taxes related to such amounts.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2017
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	18. COMMITMENTS AND CONTINGENCIES Purchase Commitments We have various purchase commitments extending through 2039 for materials, supplies and services entered into in the ordinary course of business. Included in the purchase commitments table below are contracts which require minimum volume purchases that extend beyond one year or are renewable annually and have been renewed for 2017. Certain contracts allow for changes in minimum required purchase volumes in the event of a temporary or permanent shutdown of a facility. To the extent the contract requires a minimum notice period, such notice period has been included in the table below. The contractual purchase prices for substantially all of these contracts are variable based upon market prices, subject to annual negotiations. We have estimated our contractual obligations by using the terms of our current pricing for each contract. We also have a limited number of contracts which require a minimum payment even if no volume is purchased. We believe that all of our purchase obligations will be utilized in our normal operations. We made minimum payments of nil, $1 million and nil for the years ended December 31, 2017, 2016 and 2015, respectively, under such take or pay contracts without taking the product. Total purchase commitments as of December 31, 2017 are as follows (dollars in millions): Year ending December 31, 2018 $ 1,299 2019 1,285 2020 701 2021 499 2022 495 Thereafter 2,087 $ 6,366 Operating Leases We lease certain railcars, aircraft, equipment and facilities under long-term lease agreements. The total expense recorded under operating lease agreements in our consolidated statements of operations is approximately $80 million, $81 million and $86 million for 2017, 2016 and 2015, respectively, net of sublease rentals of approximately $2 million each for the years ended December 31, 2017, 2016 and 2015. Future minimum lease payments under operating leases as of December 31, 2017 are as follows (dollars in millions): Year ending December 31, 2018 $ 74 2019 67 2020 60 2021 54 2022 49 Thereafter 134 $ 438 Future minimum lease payments have not been reduced by minimum sublease rentals of $2 million due in the future under noncancelable subleases. Legal Matters Indemnification Matters On July 3, 2012, Deutsche Bank Securities Inc. and Credit Suisse Securities (USA) LLC (“the Banks”) demanded that we indemnify them for claims brought against them by certain MatlinPatterson entities that were formerly our stockholders (“ MatlinPatterson ”) in litigation filed by MatlinPatterson on June 19, 2012 in the 9th District Court in Montgomery County, Texas (the “Texas Litigation”). We denied the Banks’ indemnification demand for the Texas Litigation. These claims allegedly arose from the failed acquisition by and merger with Hexion. The Texas Litigation was dismissed, which was upheld by the Ninth Court of Appeals and the Texas Supreme Court denied review by final order entered January 7, 2016. On July 14, 2014, the Banks demanded that we indemnify them for additional claims brought against them by certain other former Company stockholders in litigation filed June 14, 2014 in the United States District Court for the Eastern District of Wisconsin (the “Wisconsin Litigation”). We denied the Banks’ indemnification demand for the Wisconsin Litigation and have made no accrual with respect to this matter. The stockholders in the Wisconsin Litigation have made essentially the same factual allegations as MatlinPatterson made in the Texas Litigation and, additionally, have named Apollo Global Management LLC and Apollo Management Holdings, L.P. as defendants. Stockholde r plaintiffs in the Wisconsin Litigation assert claims for misrepresentation and conspiracy to defraud. On June 30, 2016, the plaintiffs voluntarily dismissed the Apollo defendants and on December 5, 2016, the court dismissed Deutsche Bank for lack of personal jurisdiction, but denied Credit Suisse's motion to dismiss. Subsequently, Credit Suisse asked the court to reconsider its decision or certify its judgment to the Seventh Circuit Court of Appeals for an immediate appeal, which remains pending. Subsequent to discovery, Credit Suisse filed a motion for summary judgment on August 25, 2017 and a decision is pending. The court has suspended the current scheduling order, including the trial date. We denied the Banks’ indemnification demand for both the Texas Litigation and the Wisconsin Litigation. Other Proceedings We are a party to various other proceedings instituted by private plaintiffs, governmental authorities and others arising under provisions of applicable laws, including various environmental, products liability and other laws. Except as otherwise disclosed in this report, we do not believe that the outcome of any of these matters will have a material effect on our financial condition, results of operations or liquidity.

ENVIRONMENTAL, HEALTH AND SAFET

ENVIRONMENTAL, HEALTH AND SAFETY MATTERS	12 Months Ended
	Dec. 31, 2017
ENVIRONMENTAL, HEALTH AND SAFETY MATTERS
ENVIRONMENTAL, HEALTH AND SAFETY MATTERS	19. ENVIRONMENTAL, HEALTH AND SAFETY MATTERS EHS Capital Expenditures We may incur future costs for capital improvements and general compliance under EHS laws, including costs to acquire, maintain and repair pollution control equipment. For the years ended December 31, 2017, 2016 and 2015, our capital expenditures for EHS matters totaled $47 million, $55 million, and $121 million, respectively. Because capital expenditures for these matters are subject to evolving regulatory requirements and depend, in part, on the timing, promulgation and enforcement of specific requirements, our capital expenditures for EHS matters have varied significantly from year to year and we cannot provide assurance that our recent expenditures are indicative of future amounts we may spend related to EHS and other applicable laws. Environmental Reserves We have accrued liabilities relating to anticipated environmental cleanup obligations, site reclamation and closure costs and known penalties. Liabilities are recorded when potential liabilities are either known or considered probable and can be reasonably estimated. Our liability estimates are calculated using present value techniques as appropriate and are based upon requirements placed upon us by regulators, available facts, existing technology and past experience. The environmental liabilities do not include amounts recorded as asset retirement obligations. We had accrued $21 million and $22 million for environmental liabilities as of December 31, 2017 and 2016, respectively. Of these amounts, $6 million and $7 million were classified as accrued liabilities in our consolidated balance sheets as of December 31, 2017 and 2016, respectively, and $15 million each were classified as other noncurrent liabilities in our consolidated balance sheets as of December 31, 2017 and 2016. In certain cases, our remediation liabilities may be payable over periods of up to 30 years. We may incur losses for environmental remediation in excess of the amounts accrued; however, we are not able to estimate the amount or range of such potential excess. Environmental Matters Under the Comprehensive Environmental Response, Compensation, and Liability Act (“CERCLA”) and similar state laws, a current or former owner or operator of real property in the U.S. may be liable for remediation costs regardless of whether the release or disposal of hazardous substances was in compliance with law at the time it occurred, and a current owner or operator may be liable regardless of whether it owned or operated the facility at the time of the release. Outside the U.S., analogous contaminated property laws, such as those in effect in France and Australia, can hold past owners and/or operators liable for remediation at former facilities. Currently, there are approximately six former facilities or third‑party sites in the U.S. for which we have been notified of potential claims against us for cleanup liabilities, including, but not limited to, sites listed under CERCLA. Based on current information and past experiences at other CERCLA sites, we do not expect these third‑party claims to have a material impact on our consolidated financial statements. Under the Resource Conservation and Recovery Act (“RCRA”) in the U.S. and similar state laws, we may be required to remediate contamination originating from our properties as a condition to our hazardous waste permit. Some of our manufacturing sites have an extended history of industrial chemical manufacturing and use, including on-site waste disposal. We are aware of soil, groundwater or surface contamination from past operations at some of our sites, and we may find contamination at other sites in the future. For example, our Port Neches, Texas, and Geismar, Louisiana, facilities are the subject of ongoing remediation requirements imposed under RCRA. Similar laws exist in a number of locations in which we currently operate, or previously operated, manufacturing facilities, such as Australia, India, France, Hungary and Italy. West Footscray Remediation By letter dated March 7, 2006, our former Base Chemicals and Polymers facility in West Footscray, Australia was issued a cleanup notice by the Environmental Protection Authority Victoria (“EPA Victoria”) due to concerns about soil and groundwater contamination emanating from the site. On August 23, 2010, EPA Victoria revoked a second cleanup notice and issued a revised notice that included a requirement for financial assurance for the remediation. As of December 31, 2017, we had an accrued liability of approximately $14 million related to estimated environmental remediation costs at this site. We can provide no assurance that the authority will not seek to institute additional requirements for the site or that additional costs will not be required for the cleanup. North Maybe Mine Remediation The North Maybe Canyon Mine site is a CERCLA site and involves a former phosphorous mine near Soda Springs, Idaho, which is believed to have been operated by several companies, including a predecessor company to us. In 2004, the U.S. Forest Service notified us that we are a CERCLA potentially responsible party (“PRP”) for contamination originating from the site. In February 2010, we and Wells Cargo (another PRP) agreed to conduct a Remedial Investigation/Feasibility Study of a portion of the site and are currently engaged in that process. At this time, we are unable to reasonably estimate our potential liabilities at this site.

HUNTSMAN CORPORATION STOCKHOLDE

HUNTSMAN CORPORATION STOCKHOLDERS’ EQUITY	12 Months Ended
	Dec. 31, 2017
HUNTSMAN CORPORATION STOCKHOLDERS’ EQUITY
HUNTSMAN CORPORATION STOCKHOLDERS’ EQUITY	20. HUNTSMAN CORPORATION STOCKHOLDERS’ EQUITY Share Repurchase Program On September 29, 2015, our Board of Directors authorized our Company to repurchase up to $150 million in shares of our common stock. Repurchases under this program may be made through open market transactions, in privately negotiated transactions, accelerated share repurchase programs or by other means. The timing and actual number of any shares repurchased depends on a variety of factors, including market conditions. The share repurchase authorization does not have an expiration date and repurchases may be commenced, suspended or discontinued from time to time without prior notice. On October 27, 2015, we entered into and funded an accelerated share repurchase agreement with Citibank, N.A. to repurchase $100 million of our common stock. Citibank, N.A. made an initial delivery of approximately 7.1 million shares of Huntsman Corporation common stock based on the closing price of $11.94 on October 27, 2015. The accelerated share repurchase agreement was completed in January 2016 with the delivery of an additional approximately 1.5 million shares of Huntsman Corporation common stock. The final number of shares repurchased and the aggregate cost per share was based on the Company’s daily volume-weighted average stock price during the term of the transaction, less a discount. As of December 31, 2017, we had $50 million remaining under this authorization to be used to purchase additional shares. On February 7, 2018, our Board of Directors authorized our Company to repurchase up to an additional $400 million in shares of our common stock. Repurchases may be made through the open market or in privately negotiated transactions, and repurchases may be commenced or suspended from time to time without prior notice. Shares of common stock acquired through the repurchase program are held in treasury at cost. Dividends on Common Stock The following tables represent dividends on common stock for our Company for the years ended December 31, 2017 and 2016 (dollars in millions, except per share payment amounts): 2017 Approximate Per share amount Quarter ended payment amount paid March 31, 2017 $ 0.125 $ 30 June 30, 2017 0.125 30 September 30, 2017 0.125 30 December 31, 2017 0.125 30 2016 Approximate Per share amount Quarter ended payment amount paid March 31, 2016 $ 0.125 $ 30 June 30, 2016 0.125 30 September 30, 2016 0.125 30 December 31, 2016 0.125 30 On February 7, 2018, the Board of Directors approved an increase to the quarterly cash dividend to $0.6125 per share of common stock beginning with the March 30, 2018 quarterly dividend.

STOCK-BASED COMPENSATION PLAN

STOCK-BASED COMPENSATION PLAN	12 Months Ended
	Dec. 31, 2017
STOCK-BASED COMPENSATION PLAN
STOCK-BASED COMPENSATION PLAN	21. STOCK‑BASED COMPENSATION PLAN Under the 2016 Stock Incentive Plan, we may grant nonqualified stock options, incentive stock options, stock appreciation rights, restricted stock, phantom stock, performance share units and other stock-based awards to our employees, directors and consultants and to employees and consultants of our subsidiaries, provided that incentive stock options may be granted solely to employees. The terms of the grants under both the 2016 Stock Incentive Plan and the Prior Plan are fixed at the grant date. As of December 31, 2017, we were authorized to grant up to 8.2 million shares under the 2016 Stock Incentive Plan. As of December 31, 2017, we had approximately 8 million shares remaining under the 2016 Stock Incentive Plan available for grant. Option awards have a maximum contractual term of 10 years and generally must have an exercise price at least equal to the market price of our common stock on the date the option award is granted. Outstanding stock-based awards generally vest over a three‑year period; certain performance share unit awards vest over a two-year period. The compensation cost from continuing operations under the 2016 Stock Incentive Plan and the Prior Plan for our Company and Huntsman International were as follows (dollars in millions): Year ended December 31, 2017 2016 2015 Huntsman Corporation compensation cost $ 36 $ 32 $ 29 Huntsman International compensation cost 35 31 28 The total income tax benefit recognized in the statement of operations for stock-based compensation arrangements was $18 million, $7 million and $6 million for the years ended December 31, 2017, 2016 and 2015, respectively. Stock Options The fair value of each stock option award is estimated on the date of grant using the Black-Scholes valuation model that uses the assumptions noted in the following table. Expected volatilities are based on the historical volatility of our common stock through the grant date. The expected term of options granted was estimated based on the contractual term of the instruments and employees’ expected exercise and post‑vesting employment termination behavior. The risk‑free rate for periods within the contractual life of the option was based on the U.S. Treasury yield curve in effect at the time of grant. The assumptions noted below represent the weighted averages of the assumptions utilized for all stock options granted during the year. Year ended December 31, 2017 2016 2015 Dividend yield % % % Expected volatility % % % Risk-free interest rate % % % Expected life of stock options granted during the period 5.9 years 5.9 years 5.9 years A summary of stock option activity under the 2016 Stock Incentive Plan and the Prior Plan as of December 31, 2017 and changes during the year then ended is presented below: Weighted Weighted Average Average Remaining Aggregate Exercise Contractual Intrinsic Option Awards Shares Price Term Value (in thousands) (years) (in millions) Outstanding at January 1, 2017 11,245 $ 13.37 Granted 997 21.04 Exercised (3,772) 13.90 Forfeited (65) 17.67 Converted to Venator awards (417) 5.00 Outstanding at December 31, 2017 7,988 13.99 6.0 $ 154 Exercisable at December 31, 2017 5,403 14.05 4.9 104 The weighted‑average grant‑date fair value of stock options granted during 2017, 2016 and 2015 was $9.26, $3.15 and $9.81 per option, respectively. As of December 31, 2017, there was $8 million of total unrecognized compensation cost related to nonvested stock option arrangements granted under the 2016 Stock Incentive Plan and the Prior Plan. That cost is expected to be recognized over a weighted-average period of approximately 1.7 years. During the years ended December 31, 2017, 2016 and 2015, the total intrinsic value of stock options exercised was approximately $48 million, $1 million and nil, respectively. Cash received from stock options exercised during the years ended December 31, 2017, 2016 and 2015 was approximately $35 million, $1 million and $1 million, respectively. The cash tax benefit from stock options exercised during the years ended December 31, 2017, 2016 and 2015 was approximately $15 million, nil and nil, respectively. Nonvested Shares Nonvested shares granted under the 2016 Stock Incentive Plan and the Prior Plan consist of restricted stock and performance share unit awards, which are accounted for as equity awards, and phantom stock, which is accounted for as a liability award because it can be settled in either stock or cash. The fair value of each performance share unit award is estimated using a Monte Carlo simulation model that uses various assumptions, including an expected volatility rate and a risk-free interest rate. For the years ended December 31, 2017, 2016 and 2015, the weighted-average expected volatility rate was 45.0%, 39.3% and 30.0%, respectively, and the weighted average risk-free interest rate was 1.5%, 0.9% and 0.7%, respectively. For the performance share unit awards granted during the years ended December 31, 2017, 2016 and 2015, the number of shares earned varies based upon the Company achieving certain performance criteria over two-year and three-year performance periods. The performance criteria are total stockholder return of our common stock relative to the total stockholder return of a specified industry peer group for the two-year and three-year performance periods. A summary of the status of our nonvested shares as of December 31, 2017 and changes during the year then ended is presented below: Equity Awards Liability Awards Weighted Weighted Average Average Grant- Date Grant-Date Shares Fair Value Shares Fair Value (in thousands) (in thousands) Nonvested at January 1, 2017 2,996 $ 13.36 912 $ 12.27 Granted 779 22.60 285 21.01 Vested (1,052) (1) 16.11 (372) 14.11 Forfeited (29) 15.61 (36) 12.22 Converted to Venator awards (237) 11.81 (93) 13.72 Nonvested at December 31, 2017 2,457 14.93 696 14.69 (1) As of December 31, 2017, a total of 460,750 restricted stock units were vested but not yet issued, of which 25,704 vested during 2017. These shares have not been reflected as vested shares in this table because, in accordance with the restricted stock unit agreements, shares of common stock are not issued for vested restricted stock units until termination of employment. As of December 31, 2017, there was $28 million of total unrecognized compensation cost related to nonvested share compensation arrangements granted under the Stock Incentive Plan and the Prior Plan. That cost is expected to be recognized over a weighted-average period of approximately 1.7 years. The value of share awards that vested during the years ended December 31, 2017, 2016 and 2015 was $22 million, $16 million and $20 million, respectively.

OTHER COMPREHENSIVE INCOME (LOS

OTHER COMPREHENSIVE INCOME (LOSS)	12 Months Ended
	Dec. 31, 2017
OTHER COMPREHENSIVE INCOME (LOSS)
OTHER COMPREHENSIVE INCOME (LOSS)	22. OTHER COMPREHENSIVE INCOME (LOSS) Other comprehensive loss consisted of the following (dollars in millions): Huntsman Corporation Pension and Other Foreign other comprehensive Amounts Amounts currency postretirement income of attributable to attributable to translation benefits unconsolidated noncontrolling Huntsman adjustment(a) adjustments(b) affiliates Other, net Total interests Corporation Beginning balance, January 1, 2017 $ (459) $ (1,275) $ 4 $ 23 $ (1,707) $ 36 $ (1,671) Other comprehensive income before reclassifications, gross 175 11 (1) 9 194 (22) 172 Tax benefit 35 9 — 2 46 — 46 Amounts reclassified from accumulated other comprehensive loss, gross(c) — 80 — (10) 70 — 70 Tax expense — (14) — — (14) — (14) Net current-period other comprehensive income (loss) 210 86 (1) 1 296 (22) 274 Disposition of a portion of P&A Business — — — — — 129 129 Ending balance, December 31, 2017 $ (249) $ (1,189) $ 3 $ 24 $ (1,411) $ 143 $ (1,268) (a) Amounts are net of tax of $65 and $100 as of December 31, 2017 and January 1, 2017, respectively. (b) Amounts are net of tax of $172 and $177 as of December 31, 2017 and January 1, 2017, respectively. (c) See table below for details about these reclassifications. Pension and Other Foreign other comprehensive Amounts Amounts currency postretirement income of attributable to attributable to translation benefits unconsolidated noncontrolling Huntsman adjustment(a) adjustments(b) affiliates Other, net Total interests Corporation Beginning balance, January 1, 2016 $ (288) $ (1,056) $ 11 $ 17 $ (1,316) $ 28 $ (1,288) Other comprehensive (loss) income before reclassifications, gross (162) (315) (7) 5 (479) 8 (471) Tax benefit (10) 58 — 1 49 — 49 Amounts reclassified from accumulated other comprehensive loss, gross(c) 1 53 — — 54 — 54 Tax expense — (15) — — (15) — (15) Net current-period other comprehensive (loss) income (171) (219) (7) 6 (391) 8 (383) Ending balance, December 31, 2016 $ (459) $ (1,275) $ 4 $ 23 $ (1,707) $ 36 $ (1,671) (a) Amounts are net of tax of $100 and $90 as of December 31, 2016 and January 1, 2016, respectively. (b) Amounts are net of tax of $177 and $135 as of December 31, 2016 and January 1, 2016, respectively. (c) See table below for details about these reclassifications. Year ended December 31, 2017 2016 2015 Amount reclassified Amount reclassified Amount reclassified Affected line item in from accumulated from accumulated from accumulated the statement Details about Accumulated Other other other other where net income Comprehensive Loss Components(a): comprehensive loss comprehensive loss comprehensive loss is presented Amortization of pension and other postretirement benefits: Prior service credit $ 15 $ 16 $ 10 (b) Actuarial loss (95) (69) (79) (b)(c) (80) (53) (69) Total before tax 14 15 14 Income tax expense Total reclassifications for the period $ (66) $ (38) $ (55) Net of tax (a) (b) (c) Huntsman International Foreign Pension Other Other, net Total Amounts Amounts Beginning balance, January 1, 2017 $ (462) $ (1,286) $ 4 $ 17 $ (1,727) $ 36 $ (1,691) Other comprehensive income before reclassifications, gross 175 12 (1) 8 194 (22) 172 Tax benefit 35 9 — 2 46 — 46 Amounts reclassified from accumulated other comprehensive loss, gross(c) — 86 — (10) 76 — 76 Contribution of other comprehensive income from Parent — 20 — — 20 — 20 Tax expense — (15) — — (15) — (15) Net current-period other comprehensive income (loss) 210 112 (1) — 321 (22) 299 Disposition of a portion of P&A Business — — — — — 129 129 Ending balance, December 31, 2017 $ (252) $ (1,174) $ 3 $ 17 $ (1,406) $ 143 $ (1,263) (a) Amounts are net of tax of $51 and $86 as of December 31, 2017 and January 1, 2017, respectively. (b) Amounts are net of tax of $199 and $205 as of December 31, 2017 and January 1, 2017, respectively. (c) See table below for details about these reclassifications. Foreign Pension Other Other, net Total Amounts Amounts Beginning balance, January 1, 2016 $ (292) $ (1,074) $ 11 $ 11 $ (1,344) $ 28 $ (1,316) Other comprehensive (loss) income before reclassifications, gross (161) (315) (7) 5 (478) 8 (470) Tax benefit (10) 58 — 1 49 — 49 Amounts reclassified from accumulated other comprehensive loss, gross(c) 1 61 — — 62 — 62 Tax expense — (16) — — (16) — (16) Net current-period other comprehensive income (loss) (170) (212) (7) 6 (383) 8 (375) Ending balance, December 31, 2016 $ (462) $ (1,286) $ 4 $ 17 $ (1,727) $ 36 $ (1,691) (a) Amounts are net of tax of $86 and $76 as of December 31, 2016 and January 1, 2016, respectively. (b) Amounts are net of tax of $205 and $163 as of December 31, 2016 and January 1, 2016, respectively. (c) See table below for details about these reclassifications. Year ended December 31, 2017 2016 2015 Amount Amount Amount reclassified reclassified reclassified Affected from from from line item in accumulated accumulated accumulated the statement other other other where Details about Accumulated Other comprehensive comprehensive comprehensive net income is Comprehensive Loss Components(a): loss loss loss presented Amortization of pension and other postretirement benefits: Prior service credit $ 15 $ 16 $ 10 (b) Actuarial loss (101) (77) (87) (b)(c) (86) (61) (77) Total before tax 15 16 15 Income tax expense Total reclassifications for the period $ (71) $ (45) $ (62) Net of tax (a) Pension and other postretirement benefits amounts in parentheses indicate credits on our consolidated statements of operations. (b) These accumulated other comprehensive loss components are included in the computation of net periodic pension costs. See “Note 16. Employee Benefit Plans.” (c) Amounts contain approximately $24 million and $18 million and $20 million of prior service credit and actuarial loss related to discontinued operations for the years ended December 31, 2017, 2016 and 2015, respectively. Items of other comprehensive income (loss) of our Company and our consolidated affiliates have been recorded net of tax, with the exception of the foreign currency translation adjustments related to subsidiaries with earnings permanently reinvested. The tax effect is determined based upon the jurisdiction where the income or loss was recognized and is net of valuation allowances.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2017
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	23. RELATED PARTY TRANSACTIONS Our consolidated financial statements include the following transactions with our affiliates not otherwise disclosed (dollars in millions): Year ended December 31, 2017 2016 2015 Sales to: Unconsolidated affiliates $ 150 $ 131 $ 131 Inventory purchases from: Unconsolidated affiliates 280 243 325

OPERATING SEGMENT INFORMATION

OPERATING SEGMENT INFORMATION	12 Months Ended
	Dec. 31, 2017
OPERATING SEGMENT INFORMATION
OPERATING SEGMENT INFORMATION	24. OPERATING SEGMENT INFORMATION We derive our revenues, earnings and cash flows from the manufacture and sale of a wide variety of differentiated and commodity chemical products. We have four operating segments, which are also our reportable segments: Polyurethanes, Performance Products, Advanced Materials and Textile Effects. We have organized our business and derived our operating segments around differences in product lines. In connection with the Venator IPO in August 2017, we separated the P&A Business and, beginning in the third quarter of 2017, we reported the results of operations of the P&A Business as discontinued operations in our consolidated financial statements for all periods presented. See “Note 3. Discontinued Operations and Business Dispositions—Separation of P&A Business.” The major products of each reportable operating segment are as follows: Segment Products Polyurethanes MDI, PO, polyols, PG, TPU, aniline and MTBE Performance Products Amines, surfactants, LAB, maleic anhydride, other performance chemicals, EG, olefins and technology licenses Advanced Materials Technologically advanced epoxy, acrylic and polyurethane-based polymers formulations; high performance thermoset resins and curing agents; base liquid and solid resins Textile Effects Textile chemicals, dyes and digital inks Sales between segments are generally recognized at external market prices and are eliminated in consolidation. We use adjusted EBITDA to measure the financial performance of our global business units and for reporting the results of our operating segments. This measure includes all operating items relating to the businesses. The adjusted EBITDA of operating segments excludes items that principally apply to our Company as a whole. The revenues and adjusted EBITDA for each of our reportable operating segments are as follows (dollars in millions): Year ended December 31, 2017 2016 2015 Revenues: Polyurethanes $ 4,399 $ 3,667 $ 3,811 Performance Products 2,109 2,126 2,501 Advanced Materials 1,040 1,020 1,103 Textile Effects 776 751 804 Corporate and eliminations 34 (46) (80) Total $ 8,358 $ 7,518 $ 8,139 Huntsman Corporation: Segment adjusted EBITDA(1): Polyurethanes $ 850 $ 569 $ 573 Performance Products 296 316 460 Advanced Materials 219 223 220 Textile Effects 83 73 63 Corporate and other(2) (189) (184) (156) Total 1,259 997 1,160 Reconciliation of adjusted EBITDA to net income: Interest expense—continuing operations (165) (203) (205) Interest (expense) income—discontinued operations (19) 1 — Income tax expense—continuing operations (64) (109) (60) Income tax (expense) benefit—discontinued operations (67) 24 16 Depreciation and amortization—continuing operations (319) (318) (298) Depreciation and amortization—discontinued operations (68) (114) (101) Net income attributable to noncontrolling interests 105 31 33 Other adjustments: Business acquisition and integration expenses (19) (12) (9) Merger costs (28) — — EBITDA from discontinued operations 312 81 (217) Minority interest of discontinued operations (49) (11) (7) Loss on early extinguishment of debt (54) (3) (31) Certain legal settlements and related income (expenses) 11 (1) (1) Gain (loss) on sale of assets 9 97 (1) Amortization of pension and postretirement actuarial losses (73) (55) (66) Plant incident remediation costs (16) — — U.S. Tax Reform Act impact on minority interest 6 — — Restructuring, impairment and plant closing and transition costs (20) (48) (87) Net income $ 741 $ 357 $ 126 Year ended December 31, 2017 2016 2015 Depreciation and Amortization: Polyurethanes $ 116 $ 114 $ 100 Performance Products 137 132 119 Advanced Materials 33 35 38 Textile Effects 14 15 17 Corporate and other 19 22 24 Total $ 319 $ 318 $ 298 Year ended December 31, 2017 2016 2015 Capital Expenditures: Polyurethanes $ 162 $ 143 $ 181 Performance Products 79 131 205 Advanced Materials 21 16 25 Textile Effects 16 19 24 Corporate and other 4 9 26 Total $ 282 $ 318 $ 461 December 31, 2017 2016 2015 Total Assets: Polyurethanes $ 3,112 $ 2,677 $ 2,779 Performance Products 2,069 2,046 2,264 Advanced Materials 796 728 822 Textile Effects 564 523 562 Corporate and other 823 975 904 Total $ 7,364 $ 6,949 $ 7,331 Year ended December 31, 2017 2016 2015 Huntsman International: Segment adjusted EBITDA(1): Polyurethanes $ 850 $ 569 $ 573 Performance Products 296 316 460 Advanced Materials 219 223 220 Textile Effects 83 73 63 Corporate and other(2) (185) (180) (151) Total 1,263 1,001 1,165 Reconciliation of adjusted EBITDA to net income: Interest expense—continuing operations (181) (215) (214) Interest (expense) income—discontinued operations (19) 1 — Income tax expense—continuing operations (61) (108) (59) Income tax (expense) benefit—discontinued operations (67) 24 16 Depreciation and amortization—continuing operations (311) (306) (286) Depreciation and amortization—discontinued operations (68) (114) (101) Net income attributable to noncontrolling interests 105 31 33 Other adjustments: Business acquisition and integration expenses (19) (12) (9) Merger costs (28) — — EBITDA from discontinued operations 309 76 (223) Minority interest of discontinued operations (49) (11) (7) Loss on early extinguishment of debt (54) (3) (31) Certain legal settlements and related income (expenses) 11 (1) (1) Gain (loss) on sale of assets 9 97 (1) Amortization of pension and postretirement actuarial losses (76) (58) (68) Plant incident remediation costs (16) — — U.S. Tax Reform Act impact on minority interest 6 — — Restructuring, impairment and plant closing and transition costs (20) (48) (87) Net income $ 734 $ 354 $ 127 Year ended December 31, 2017 2016 2015 Depreciation and Amortization: Polyurethanes $ 116 $ 114 $ 100 Performance Products 137 132 119 Advanced Materials 33 35 38 Textile Effects 14 15 17 Corporate and other 11 10 12 Total $ 311 $ 306 $ 286 Year ended December 31, 2017 2016 2015 Capital Expenditures: Polyurethanes $ 162 $ 143 $ 181 Performance Products 79 131 205 Advanced Materials 21 16 25 Textile Effects 16 19 24 Corporate and other 4 9 26 Total $ 282 $ 318 $ 461 December 31, 2017 2016 2015 Total Assets: Polyurethanes $ 3,109 $ 2,665 $ 2,760 Performance Products 2,069 2,045 2,262 Advanced Materials 796 728 822 Textile Effects 564 523 562 Corporate and other 1,167 1,274 1,193 Total $ 7,705 $ 7,235 $ 7,599 (1) We use segment adjusted EBITDA as the measure of each segment’s profit or loss. We believe that segment adjusted EBITDA more accurately reflects what management uses to make decisions about resources to be allocated to the segments and assess their financial performance. Segment adjusted EBITDA is defined as net income of Huntsman Corporation or Huntsman International, as appropriate, before interest, income tax, depreciation and amortization, net income attributable to noncontrolling interests and certain Corporate and other items, as well as eliminating the following adjustments: (a) business acquisition and integration expenses; (b) merger costs; (c) EBITDA from discontinued operations; (d) minority interest of discontinued operations; (e) loss on early extinguishment of debt; (f) certain legal settlements and related income (expenses); (g) gain (loss) on sale of assets; (h) amortization of pension and postretirement actuarial losses; (i) plant incident remediation costs; (j) U.S. Tax Reform Act impact on minority interest; and (k) restructuring, impairment, plant closing and transition costs. (2) Corporate and other includes unallocated corporate overhead, unallocated foreign exchange gains and losses, LIFO inventory valuation reserve adjustments, nonoperating income and expense, benzene sales and gains and losses on the disposition of corporate assets. Year ended December 31, 2017 2016 2015 By Geographic Area Revenues(1): United States $ 2,729 $ 2,514 $ 2,727 China 1,147 908 1,013 Germany 508 466 479 Mexico 481 433 455 Other nations 3,493 3,197 3,465 Total $ 8,358 $ 7,518 $ 8,139 December 31, 2017 2016 2015 Long-lived assets(2): Huntsman Corporation United States $ 1,597 $ 1,570 $ 1,677 The Netherlands 343 294 304 China 268 235 208 Saudi Arabia 172 185 196 Germany 163 136 147 Switzerland 112 110 120 Singapore 100 110 76 Other nations 343 394 442 Total $ 3,098 $ 3,034 $ 3,170 Huntsman International United States $ 1,594 $ 1,548 $ 1,641 The Netherlands 343 294 304 China 268 235 208 Saudi Arabia 172 185 196 Germany 163 136 147 Switzerland 112 110 120 Singapore 100 110 76 Other nations 343 394 442 Total $ 3,095 $ 3,012 $ 3,134 (1) Geographic information for revenues is based upon countries into which product is sold. (2) Long‑lived assets consist of property, plant and equipment, net.

CONDENSED CONSOLIDATING FINANCI

CONDENSED CONSOLIDATING FINANCIAL INFORMATION - HUNTSMAN INTERNATIONAL	12 Months Ended
	Dec. 31, 2017
CONDENSED CONSOLIDATING FINANCIAL INFORMATION - HUNTSMAN INTERNATIONAL
CONDENSED CONSOLIDATING FINANCIAL INFORMATION - HUNTSMAN INTERNATIONAL	25. CONDENSED CONSOLIDATING FINANCIAL INFORMATION—HUNTSMAN INTERNATIONAL The following condensed consolidating financial statements present, in separate columns, financial information for the following: Huntsman International (on a parent only basis), with its investment in subsidiaries recorded under the equity method; the Guarantors on a combined, and where appropriate, consolidated basis; and the nonguarantors on a combined, and where appropriate, consolidated basis. Additional columns present eliminating adjustments and consolidated totals as of December 31, 2017 and 2016 and for the years ended December 31, 2017, 2016 and 2015. There are no contractual restrictions limiting transfers of cash from Guarantor subsidiaries to Huntsman International. Each of the Guarantors is 100% owned by Huntsman International and has fully and unconditionally guaranteed Huntsman International’s outstanding notes on a joint and several basis. In connection with the separation of the P&A Business in the third quarter of 2017 (see “Note 3. Discontinued Operations and Business Dispositions—Separation of P&A Business”), certain entities were removed from the debt guarantor structure. The following condensed consolidating financial statements have been presented as if the new debt structure existed for all periods presented. HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS AS OF DECEMBER 31, 2017 (In Millions) Consolidated Parent Huntsman Company Guarantors Nonguarantors Eliminations International LLC ASSETS Current assets: Cash and cash equivalents $ 74 $ — $ 394 $ — $ 468 Restricted cash — — 11 — 11 Accounts and notes receivable, net 36 94 1,120 5 1,255 Accounts receivable from affiliates 983 4,130 391 (5,131) 373 Inventories 101 210 767 (5) 1,073 Prepaid expenses 21 10 39 (11) 59 Other current assets 783 3 170 (752) 204 Current assets held for sale — — 2,880 — 2,880 Total current assets 1,998 4,447 5,772 (5,894) 6,323 Property, plant and equipment, net 461 1,119 1,515 — 3,095 Investment in unconsolidated affiliates 6,364 2,268 266 (8,632) 266 Intangible assets, net 25 — 31 — 56 Goodwill (14) 82 72 — 140 Deferred income taxes 323 — 208 (323) 208 Notes receivable from affiliates 72 569 — (641) — Other noncurrent assets 52 189 257 (1) 497 Total assets $ 9,281 $ 8,674 $ 8,121 $ (15,491) $ 10,585 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 74 $ 214 $ 652 $ 6 $ 946 Accounts payable to affiliates 4,019 485 697 (5,131) 70 Accrued liabilities 89 826 413 (762) 566 Note payable to affiliate 100 — — — 100 Current portion of debt 17 — 23 — 40 Current liabilities held for sale — — 1,692 — 1,692 Total current liabilities 4,299 1,525 3,477 (5,887) 3,414 Long-term debt 1,927 — 331 — 2,258 Notes payable to affiliates 742 — 642 (642) 742 Deferred income taxes 12 179 33 41 265 Other noncurrent liabilities 218 278 576 — 1,072 Total liabilities 7,198 1,982 5,059 (6,488) 7,751 Equity Huntsman International LLC members’ equity Members’ equity 3,616 2,216 3,641 (5,857) 3,616 Accumulated (deficit) retained earnings (270) 2,749 (116) (2,633) (270) Accumulated other comprehensive (loss) income (1,263) 1,727 (1,211) (516) (1,263) Total Huntsman International LLC members’ equity 2,083 6,692 2,314 (9,006) 2,083 Noncontrolling interests in subsidiaries — — 748 3 751 Total equity 2,083 6,692 3,062 (9,003) 2,834 Total liabilities and equity $ 9,281 $ 8,674 $ 8,121 $ (15,491) $ 10,585 HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS AS OF DECEMBER 31, 2016 (In Millions) Consolidated Parent Huntsman Company Guarantors Nonguarantors Eliminations International LLC ASSETS Current assets: Cash and cash equivalents $ 37 $ — $ 347 $ — $ 384 Restricted cash — — 11 — 11 Accounts and notes receivable, net 22 88 1,053 5 1,168 Accounts receivable from affiliates 1,351 4,589 149 (5,760) 329 Inventories 85 183 652 (2) 918 Prepaid expenses 68 46 36 (101) 49 Other current assets 820 3 129 (725) 227 Current assets held for sale — — 777 — 777 Total current assets 2,383 4,909 3,154 (6,583) 3,863 Property, plant and equipment, net 463 1,163 1,385 1 3,012 Investment in unconsolidated affiliates 5,870 1,458 245 (7,325) 248 Intangible assets, net 28 — 15 — 43 Goodwill (12) 82 51 — 121 Deferred income taxes 515 — 265 (527) 253 Notes receivable from affiliates 37 620 — (657) — Other noncurrent assets 74 188 210 — 472 Noncurrent assets held for sale — — 1,463 — 1,463 Total assets $ 9,358 $ 8,420 $ 6,788 $ (15,091) $ 9,475 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 63 $ 152 $ 553 $ 5 $ 773 Accounts payable to affiliates 3,667 645 1,499 (5,760) 51 Accrued liabilities 87 787 420 (826) 468 Note payable to affiliate 100 — — — 100 Current portion of debt 30 — 20 — 50 Current liabilities held for sale — — 467 — 467 Total current liabilities 3,947 1,584 2,959 (6,581) 1,909 Long-term debt 3,763 — 359 — 4,122 Notes payable to affiliates 696 — 658 (657) 697 Deferred income taxes 22 257 19 69 367 Other noncurrent liabilities 174 300 577 — 1,051 Noncurrent liabilities held for sale — — 393 — 393 Total liabilities 8,602 2,141 4,965 (7,169) 8,539 Equity Huntsman International LLC members’ equity Members’ equity 3,226 2,949 5,019 (7,968) 3,226 Accumulated (deficit) retained earnings (779) 2,332 (1,713) (619) (779) Accumulated other comprehensive (loss) income (1,691) 998 (1,652) 654 (1,691) Total Huntsman International LLC members' equity 756 6,279 1,654 (7,933) 756 Noncontrolling interests in subsidiaries — — 169 11 180 Total equity 756 6,279 1,823 (7,922) 936 Total liabilities and equity $ 9,358 $ 8,420 $ 6,788 $ (15,091) $ 9,475 HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME YEAR ENDED DECEMBER 31, 2017 (In Millions) Consolidated Huntsman Parent International Company Guarantors Nonguarantors Eliminations LLC Revenues: Trade sales, services and fees, net $ 1,116 $ 2,028 $ 5,064 $ — $ 8,208 Related party sales 230 329 1,051 (1,460) 150 Total revenues 1,346 2,357 6,115 (1,460) 8,358 Cost of goods sold 1,050 2,069 4,880 (1,456) 6,543 Gross profit 296 288 1,235 (4) 1,815 Selling, general and administrative 171 132 490 — 793 Research and development 50 43 45 — 138 Restructuring, impairment and plant closing costs 8 — 12 — 20 Merger costs 28 — — — 28 Other operating expense (income), net 30 (37) (16) — (23) Operating income 9 150 704 (4) 859 Interest (expense) income (179) 27 (29) — (181) Equity in income of investment in affiliates and subsidiaries 614 641 15 (1,257) 13 Loss on early extinguishment of debt (54) — — — (54) Dividend income 473 — — (473) — Other income, net 1 — 2 — 3 Income from continuing operations before income taxes 864 818 692 (1,734) 640 Income tax (expense) benefit (192) 59 (161) 233 (61) Income from continuing operations 672 877 531 (1,501) 579 (Loss) income from discontinued operations, net of tax (43) (4) 202 — 155 Net income 629 873 733 (1,501) 734 Net income attributable to noncontrolling interests — — (111) 6 (105) Net income attributable to Huntsman International LLC $ 629 $ 873 $ 622 $ (1,495) $ 629 Net income $ 629 $ 873 $ 733 $ (1,501) $ 734 Other comprehensive income 428 728 336 (1,171) 321 Comprehensive income attributable to noncontrolling interests — — (130) 3 (127) Comprehensive income attributable to Huntsman International LLC $ 1,057 $ 1,601 $ 939 $ (2,669) $ 928 HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME YEAR ENDED DECEMBER 31, 2016 (In Millions) Consolidated Huntsman Parent International Company Guarantors Nonguarantors Eliminations LLC Revenues: Trade sales, services and fees, net $ 1,048 $ 1,862 $ 4,477 $ — $ 7,387 Related party sales 201 286 946 (1,302) 131 Total revenues 1,249 2,148 5,423 (1,302) 7,518 Cost of goods sold 984 1,823 4,486 (1,305) 5,988 Gross profit 265 325 937 3 1,530 Selling, general and administrative 156 111 497 — 764 Research and development 48 42 47 — 137 Restructuring, impairment and plant closing costs 6 16 25 — 47 Other operating income, net (24) (31) (46) — (101) Operating income 79 187 414 3 683 Interest (expense) income (218) 31 (28) — (215) Equity in income of investment in affiliates and subsidiaries 183 320 6 (504) 5 (Loss) income on early extinguishment of debt (4) — 1 — (3) Dividends received (paid) 217 (430) 430 (217) — Other income, net — — 5 — 5 Income from continuing operations before income taxes 257 108 828 (718) 475 Income tax benefit (expense) 76 (78) (78) (28) (108) Income from continuing operations 333 30 750 (746) 367 (Loss) income from discontinued operations, net of tax (10) (2) (1) — (13) Net income 323 28 749 (746) 354 Net income attributable to noncontrolling interests — — (28) (3) (31) Net income attributable to Huntsman International LLC $ 323 $ 28 $ 721 $ (749) $ 323 Net income $ 323 $ 28 $ 749 $ (746) $ 354 Other comprehensive loss (374) (365) (347) 703 (383) Comprehensive income attributable to noncontrolling interests — — (11) (12) (23) Comprehensive (loss) income attributable to Huntsman International LLC $ (51) $ (337) $ 391 $ (55) $ (52) HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME YEAR ENDED DECEMBER 31, 2015 (In Millions) Consolidated Huntsman Parent International Company Guarantors Nonguarantors Eliminations LLC Revenues: Trade sales, services and fees, net $ 1,054 $ 2,121 $ 4,833 $ — $ 8,008 Related party sales 238 365 969 (1,441) 131 Total revenues 1,292 2,486 5,802 (1,441) 8,139 Cost of goods sold 1,026 1,925 4,889 (1,439) 6,401 Gross profit 266 561 913 (2) 1,738 Selling, general and administrative 172 113 501 — 786 Research and development 54 44 45 — 143 Restructuring, impairment and plant closing costs 7 5 71 — 83 Other operating (income) expense, net (27) (25) 53 — 1 Operating income 60 424 243 (2) 725 Interest (expense) income (220) 33 (27) — (214) Equity in income (loss) of investment in affiliates and subsidiaries 169 (58) 7 (112) 6 Loss on early extinguishment of debt (31) — — — (31) Other income, net 2 — 7 (2) 7 (Loss) income from continuing operations before income taxes (20) 399 230 (116) 493 Income tax benefit (expense) 113 (125) 13 (60) (59) Income from continuing operations 93 274 243 (176) 434 Income (loss) from discontinued operations, net of tax 1 (2) (306) — (307) Net income (loss) 94 272 (63) (176) 127 Net income attributable to noncontrolling interests — — (28) (5) (33) Net income (loss) attributable to Huntsman International LLC $ 94 $ 272 $ (91) $ (181) $ 94 Net income (loss) $ 94 $ 272 $ (63) $ (176) $ 127 Other comprehensive loss (229) (37) (246) 278 (234) Comprehensive income attributable to noncontrolling interests — — (13) (15) (28) Comprehensive (loss) income attributable to Huntsman International LLC $ (135) $ 235 $ (322) $ 87 $ (135) HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS YEAR ENDED DECEMBER 31, 2017 (In Millions) Consolidated Parent Huntsman Company Guarantors Nonguarantors Eliminations International LLC Net cash provided by (used in) operating activities from continuing operations $ 859 $ 587 $ (137) $ (473) $ 836 Net cash (used in) provided by operating activities from discontinued operations (19) (2) 393 — 372 Net cash provided by (used in) operating activities 840 585 256 (473) 1,208 Investing activities: Capital expenditures (49) (69) (164) — (282) Cash received from (paid for) consolidated affiliates 870 (2) (276) (592) — Acquisition of business, net of cash acquired — — (14) — (14) Proceeds from sale of businesses/assets — — 25 — 25 Increase in receivable from affiliate (15) — — — (15) Cash received from termination of cross-currency interest rate contracts 7 — — — 7 Net cash provided by (used in) investing activities from continuing operations 813 (71) (429) (592) (279) Net cash used in investing activities from discontinued operations — — (159) — (159) Net cash provided by (used in) investing activities 813 (71) (588) (592) (438) Financing activities: Net repayments under revolving loan facilities — — (41) — (41) Net borrowings on overdraft facilities — — 1 — 1 Repayments of short-term debt — — (15) — (15) Borrowings on short-term debt — — 8 — 8 Repayments of long-term debt (2,026) — (32) — (2,058) Proceeds from long-term debt of P&A Business — — 750 — 750 Proceeds from issuance of long-term debt — — 24 — 24 Proceeds from issuance of notes payable from affiliate 47 — — — 47 Repayments of notes payable (27) — — — (27) Borrowings on notes payable 31 — — — 31 Debt issuance costs paid (3) — (18) — (21) Dividends paid to noncontrolling interests — — (34) — (34) Contribution from noncontrolling interests — — 5 — 5 Distribution to parent — (511) (81) 592 — Dividends paid to parent (120) (1) (472) 473 (120) Proceeds from the IPO and secondary offering of P&A Business 522 — 490 — 1,012 Cash paid for expenses of the IPO and secondary offering of P&A Business (40) — (18) — (58) Other, net — (2) 3 — 1 Net cash (used in) provided by financing activities (1,616) (514) 570 1,065 (495) Effect of exchange rate changes on cash — — 18 — 18 Increase in cash and cash equivalents 37 — 256 — 293 Cash and cash equivalents from continuing operations at beginning of period 37 — 347 — 384 Cash and cash equivalents from discontinued operations at beginning of period — — 29 — 29 Cash and cash equivalents at end of period $ 74 $ — $ 632 $ — $ 706 During the year ended December 31, 2017, we made a noncash capital contribution of approximately $50 million between Parent Company and Guarantor entities. HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS YEAR ENDED DECEMBER 31, 2016 (In Millions) Consolidated Parent Huntsman Company Guarantors Nonguarantors Eliminations International LLC Net cash provided by operating activities from continuing operations $ 457 $ 120 $ 391 $ — $ 968 Net cash (used in) provided by operating activities from discontinued operations (11) — 121 — 110 Net cash provided by operating activities 446 120 512 — 1,078 Investing activities: Capital expenditures (42) (92) (184) — (318) Cash received from consolidated affiliates 203 — — (203) — Investment in affiliate — (3) — 3 — Investment in unconsolidated affiliate — — (1) — (1) Proceeds from sale of businesses/assets 12 — 187 — 199 Decrease in receivable in affiliate 6 — 6 (6) 6 Change in restricted cash — — 1 — 1 Other, net — — 1 — 1 Net cash provided by (used in) investing activities from continuing operations 179 (95) 10 (206) (112) Net cash used in investing activities from discontinued operations — — (83) — (83) Net cash provided by (used in) investing activities 179 (95) (73) (206) (195) Financing activities: Net repayments on overdraft facilities $ — $ — $ (1) $ — $ (1) Repayments of short-term debt — — (56) — (56) Borrowings on short-term debt — — 10 — 10 Repayments of long-term debt (1,039) — (31) — (1,070) Proceeds from issuance of long-term debt 543 — 16 — 559 Repayments of notes payable to affiliate (7) — — 6 (1) Repayments of notes payable (31) — (2) — (33) Borrowings on notes payable 29 — 2 — 31 Debt issuance costs paid (9) — — — (9) Call premiums related to early extinguishment of debt (1) — — — (1) Dividends paid to noncontrolling interests — — (45) 15 (30) Contribution from parent — 3 11 (14) — Distribution to parent — (27) (171) 198 — Dividends paid to parent (119) (1) — 1 (119) Other, net 2 — (3) — (1) Net cash used in financing activities (632) (25) (270) 206 (721) Effect of exchange rate changes on cash from continuing operations — — (6) — (6) (Decrease) increase in cash and cash equivalents (7) — 163 — 156 Cash and cash equivalents from continuing operations at beginning of period 44 — 192 — 236 Cash and cash equivalents from discontinued operations at beginning of period — — 21 — 21 Cash and cash equivalents at end of period $ 37 $ — $ 376 $ — $ 413 During the second quarter of 2016 and the fourth quarter of 2016, we made noncash capital contributions of approximately $215 million and approximately $75 million, respectively, between Parent and certain Nonguarantors. HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS YEAR ENDED DECEMBER 31, 2015 (In Millions) Consolidated Huntsman Parent International Company Guarantors Nonguarantors Eliminations LLC Net cash provided by operating activities from continuing operations $ (23) $ 229 $ 410 $ (2) $ 614 Net cash used in operating activities from discontinued operations — — (44) — (44) Net cash provided by operating activities (23) 229 366 (2) 570 Investing activities: Capital expenditures (70) (200) (191) — (461) Investment in affiliate 34 (5) (6) (23) — Investment in unconsolidated affiliates — — (12) — (12) Acquisition of businesses, net of cash acquired — — (14) — (14) Proceeds from sale of businesses/assets — — 1 — 1 Decrease in receivable from affiliate 1 — — — 1 Cash received from purchase price adjustment for business acquired 18 — — — 18 Cash received from termination of cross-currency interest rate contracts 66 — — — 66 Change in restricted cash — — (3) — (3) Other, net 1 — — — 1 Net cash provided by (used in) investing activities from continuing operations 50 (205) (225) (23) (403) Net cash used in investing activities from discontinued operations — — (196) — (196) Net cash provided by (used in) investing activities 50 (205) (421) (23) (599) Financing activities: Net repayments under revolving loan facilities — — (1) — (1) Net repayments on overdraft facilities — — (8) — (8) Borrowings on short-term debt — — 12 — 12 Repayments of long-term debt (548) — (56) — (604) Proceeds from issuance of long-term debt 326 — — — 326 Repayments of notes payable to affiliate (148) — — — (148) Proceeds from notes payable to affiliate 201 — — (6) 195 Repayments of notes payable (32) — (1) — (33) Borrowings on notes payable 32 — 2 — 34 Debt issuance costs paid (8) — — — (8) Call premiums related to early extinguishment of debt (35) — — — (35) Contingent consideration paid for acquisition (4) — — — (4) Dividends paid to noncontrolling interests — — (20) 6 (14) Contribution from parent — 5 6 (11) — Distribution to parent — (27) (7) 34 — Dividends paid to parent (121) (2) — 2 (121) Other, net 1 — — — 1 Net cash used in financing activities (336) (24) (73) 25 (408) Effect of exchange rate changes on cash — — (16) — (16) Decrease in cash and cash equivalents (309) — (144) — (453) Cash and cash equivalents from continuing operations at beginning of period 353 — 322 — 675 Cash and cash equivalents from discontinued operations at beginning of period — — 35 — 35 Cash and cash equivalents at end of period $ 44 $ — $ 213 $ — $ 257 During the first quarter of 2015, we made a noncash capital contribution of approximately $284 million between Guarantor entities and Nonguarantor entities and a noncash capital contribution of approximately $123 million between Parent Company and Guarantor entities.

SELECTED UNAUDITED QUARTERLY FI

SELECTED UNAUDITED QUARTERLY FINANCIAL DATA	12 Months Ended
	Dec. 31, 2017
SELECTED UNAUDITED QUARTERLY FINANCIAL DATA
SELECTED UNAUDITED QUARTERLY FINANCIAL DATA	26. SELECTED UNAUDITED QUARTERLY FINANCIAL DATA A summary of selected unaudited quarterly financial data for the years ended December 31, 2017 and 2016 is as follows (dollars in millions, except per share amounts): Huntsman Corporation Three months ended March 31, June 30, September 30, December 31, 2017 2017 2017 2017(1) Revenues $ 1,932 $ 2,054 $ 2,169 $ 2,203 Gross profit 392 437 474 509 Restructuring, impairment and plant closing costs 9 3 1 7 Income from continuing operations 99 138 116 230 Net income 92 183 179 287 Net income attributable to noncontrolling interests(2) 16 16 32 41 Net income attributable to Huntsman Corporation 76 167 147 246 Basic income per share(3): Income from continuing operations attributable to Huntsman Corporation common stockholders 0.35 0.51 0.36 0.79 Net income attributable to Huntsman Corporation common stockholders 0.32 0.70 0.62 1.03 Diluted income per share(3): Income from continuing operations attributable to Huntsman Corporation common stockholders 0.34 0.50 0.34 0.77 Net income attributable to Huntsman Corporation common stockholders 0.31 0.69 0.60 1.00 Three months ended March 31, June 30, September 30, December 31, 2016 2016 2016 2016(4) Revenues $ 1,815 $ 1,968 $ 1,831 $ 1,904 Gross profit 390 424 356 356 Restructuring, impairment and plant closing costs (credits) 2 16 38 (9) Income from continuing operations 85 107 40 133 Net income 62 94 64 137 Net income attributable to noncontrolling interests(2) 6 7 9 9 Net income attributable to Huntsman Corporation 56 87 55 128 Basic income per share(3): Income from continuing operations attributable to Huntsman Corporation common stockholders 0.33 0.42 0.13 0.52 Net income attributable to Huntsman Corporation common stockholders 0.24 0.37 0.23 0.54 Diluted income per share(3): Income from continuing operations attributable to Huntsman Corporation common stockholders 0.33 0.42 0.13 0.51 Net income attributable to Huntsman Corporation common stockholders 0.24 0.36 0.23 0.53 Huntsman International Three months ended March 31, June 30, September 30, December 31, 2017 2017 2017 2017(1) Revenues $ 1,932 $ 2,054 $ 2,169 $ 2,203 Gross profit 393 438 475 509 Restructuring, impairment and plant closing costs 9 3 1 7 Income from continuing operations 98 139 115 227 Net income 91 182 177 284 Net income attributable to noncontrolling interests(2) 16 16 32 41 Net income attributable to Huntsman International 75 166 145 243 Three months ended March 31, June 30, September 30, December 31, 2016 2016 2016 2016(4) Revenues $ 1,815 $ 1,968 $ 1,831 $ 1,904 Gross profit 391 425 357 357 Restructuring, impairment and plant closing costs (credits) 2 16 38 (9) Income from continuing operations 85 109 41 132 Net income 62 93 63 136 Net income attributable to noncontrolling interests(2) 6 7 9 9 Net income attributable to Huntsman International 56 86 54 127 (1) On December 22, 2017, the U.S. enacted the U.S. Tax Reform Act. During the fourth quarter of 2017, we and Huntsman International recorded the impact of the U.S. Tax Reform Act which resulted in a net $52 million and $53 million, respectively, income tax benefit. (2) In connection with the Venator IPO in August 2017, we separated the P&A Business and, beginning in the third quarter of 2017, we reported the results of operations of the P&A Business as discontinued operations in our consolidated financial statements for all periods presented. See “Note 3. Discontinued Operations and Business Dispositions—Separation of P&A Business.” (3) Basic and diluted income per share are computed independently for each of the quarters presented based on the weighted average number of common shares outstanding during that period. Therefore, the sum of quarterly basic and diluted per share information may not equal annual basic and diluted earnings per share. (4) On December 30, 2016, our Performance Products segment completed the sale of its European surfactants business to Innospec Inc. for $199 million in cash plus our retention of trade receivables and payables for an enterprise value of $225 million. For further information, see “Note 3. Discontinued Operations and Business Dispositions—Sale of European Surfactants Manufacturing Facilities.”

Schedule I - Condensed Financia

Schedule I - Condensed Financial Information of Registrant	12 Months Ended
	Dec. 31, 2017
Schedule I - Condensed Financial Information of Registrant
Schedule I - Condensed Financial Information of Registrant	HUNTSMAN CORPORATION (PARENT ONLY) Schedule I—Condensed Financial Information of Registrant HUNTSMAN CORPORATION (Parent Only) BALANCE SHEETS (In Millions, Except Share and Per Share Amounts) December 31, 2017 2016 ASSETS Cash and cash equivalents $ 2 $ 1 Prepaid assets 1 — Receivable from affiliate 54 36 Note receivable from affiliate 100 100 Total current assets 157 137 Note receivable from affiliate-long-term 742 696 Investment in and advances to affiliates 2,082 781 Total assets $ 2,981 $ 1,614 LIABILITIES AND STOCKHOLDERS’ EQUITY Payable to affiliate $ 346 $ 315 Accrued liabilities 3 2 Total current liabilities 349 317 Other long-term liabilities 12 10 Total liabilities 361 327 STOCKHOLDERS’ EQUITY Common stock $0.01 par value, 1,200,000,000 shares authorized, 252,759,715 and 250,802,175 shares issued and 240,213,606 and 236,370,347 shares outstanding, respectively 3 3 Additional paid-in capital 3,889 3,447 Treasury stock, 12,607,223 shares (150) (150) Unearned stock-based compensation (15) (17) Accumulated deficit 161 (325) Accumulated other comprehensive loss (1,268) (1,671) Total stockholders’ equity 2,620 1,287 Total liabilities and stockholders’ equity $ 2,981 $ 1,614 This statement should be read in conjunction with the notes to the consolidated financial statements. HUNTSMAN CORPORATION (Parent Only) STATEMENTS OF OPERATIONS (In Millions) Year ended December 31, 2017 2016 2015 Selling, general and administrative expenses $ (4) $ (4) $ (5) Interest income 16 12 9 Equity in income (loss) of subsidiaries 504 199 (32) Dividend income—affiliate 120 119 121 Net income $ 636 $ 326 $ 93 This statement should be read in conjunction with the notes to the consolidated financial statements. HUNTSMAN CORPORATION (Parent Only) STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (In Millions) Year ended December 31, 2017 2016 2015 Net income $ 636 $ 326 $ 93 Other comprehensive income (loss), net of tax: Foreign currency translations adjustments 210 (171) (313) Pension and other postretirement benefits adjustments 86 (219) 66 Other, net 105 30 40 Other comprehensive income (loss), net of tax 401 (360) (207) Comprehensive loss 1,037 (34) (114) Comprehensive income attributable to noncontrolling interests (127) (23) (28) Comprehensive income (loss) attributable to Huntsman Corporation $ 910 $ (57) $ (142) This statement should be read in conjunction with the notes to the consolidated financial statements. HUNTSMAN CORPORATION (Parent Only) STATEMENTS OF STOCKHOLDERS’ EQUITY (In Millions, Except Share Amounts) Huntsman Corporation Stockholders’ Equity Retained Accumulated Shares Additional Unearned earnings other Common Common paid-in Treasury stock-based (accumulated comprehensive Total stock stock capital stock compensation deficit) loss equity Beginning balance, January 1, 2015 243,416,979 $ 3 $ 3,385 $ (50) $ (14) $ (493) $ (1,053) $ 1,778 Net income — — — — — 93 — 93 Other comprehensive loss — — — — — — (235) (235) Issuance of nonvested stock awards — — 19 — (19) — — — Vesting of stock awards 1,037,743 — 7 — — — — 7 Recognition of stock-based compensation — — 10 — 16 — — 26 Repurchase and cancellation of stock awards (304,340) — — — — (7) — (7) Stock options exercised 48,572 — 1 — — — — 1 Excess tax benefit related to stock-based compensation — — 1 — — — — 1 Cash paid for noncontrolling interest — — (1) — — — — (1) Treasury stock repurchased (7,118,928) — (15) (85) — — — (100) Dividends declared on common stock — — — — — (121) — (121) Balance, December 31, 2015 237,080,026 3 3,407 (135) (17) (528) (1,288) 1,442 Net income — — — — — 326 — 326 Other comprehensive loss — — — — — — (383) (383) Issuance of nonvested stock awards — — 16 — (16) — — — Vesting of stock awards 914,081 — 2 — — — — 2 Recognition of stock-based compensation — — 9 — 16 — — 25 Repurchase and cancellation of stock awards (256,468) — — — — (3) — (3) Stock options exercised 77,477 — 1 — — — — 1 Excess tax benefit related to stock-based compensation — — (3) — — — — (3) Treasury stock repurchased (1,444,769) — 15 (15) — — — — Dividends declared on common stock — — — — — (120) — (120) Balance, December 31, 2016 236,370,347 3 3,447 (150) (17) (325) (1,671) 1,287 Net income — — — — — 636 — 636 Other comprehensive income — — — — — — 403 403 Issuance of nonvested stock awards — — 18 — (18) — — — Vesting of stock awards 1,316,975 — 8 — — — — 8 Recognition of stock-based compensation — — 10 — 18 — — 28 Repurchase and cancellation of stock awards (402,978) — — — — (12) — (12) Contribution from noncontrolling interests — — — — — — — — Dividends paid to noncontrolling interests — — — — — — — — Disposition of a portion of P&A Business — — 413 — — — — 413 Costs of the IPO and secondary offering of the P&A Business — — (58) — — — — (58) Conversion of restricted awards to P&A Business awards — — (2) — 2 — — — Minority interest on disposal of P&A Business — — — — — — — — Stock options exercised 2,929,262 — 53 — — (18) — 35 Dividends declared on common stock — — — — — (120) — (120) Balance, December 31, 2017 240,213,606 $ 3 $ 3,889 $ (150) $ (15) $ 161 $ (1,268) $ 2,620 This statement should be read in conjunction with the notes to the consolidated financial statements. HUNTSMAN CORPORATION (Parent Only) STATEMENTS OF CASH FLOWS (In Millions) Year ended December 31, 2017 2016 2015 Operating Activities: Net income $ 636 $ 326 $ 93 Equity in (income) loss of subsidiaries (504) (199) 32 Stock-based compensation 1 1 1 Noncash interest income (16) (12) (9) Changes in operating assets and liabilities 13 12 8 Net cash provided by operating activities 130 128 125 Investing Activities: Loan to affiliate (47) — (195) Repayments of loan by affiliate — 1 148 Net cash (used in) provided by investing activities (47) 1 (47) Financing Activities: Dividends paid to common stockholders (120) (120) (121) Repurchase and cancellation of stock awards (12) (3) (7) Proceeds from issuance of common stock 35 1 1 Repurchase of common stock — — (100) Increase (decrease) in payable to affiliates 15 (6) (1) Net cash used in financing activities (82) (128) (228) Increase (decrease) in cash and cash equivalents 1 1 (150) Cash and cash equivalents at beginning of period 1 — 150 Cash and cash equivalents at end of period $ 2 $ 1 $ — This statement should be read in conjunction with the notes to the consolidated financial statements.

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2017
Schedule II - Valuation and Qualifying Accounts
Schedule II - Valuation and Qualifying Accounts	Schedule II—Valuation and Qualifying Accounts (In Millions) Column A Column B Column C Column D Column E Additions Charges Balance at (credits) Charged Balance Beginning to cost and to other at End Description of Period expenses accounts Deductions of Period Allowance for doubtful accounts: Year ended December 31, 2017 $ 23 $ 3 $ (1) $ — $ 25 Year ended December 31, 2016 22 2 (1) $ — 23 Year ended December 31, 2015 27 1 (6) — 22
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Schedule II - Valuation and Qualifying Accounts
Schedule II - Valuation and Qualifying Accounts	Schedule II—Valuation and Qualifying Accounts (In Millions) Column A Column B Column C Column D Column E Additions Charges Balance at (credits) Charged Balance Beginning to cost and to other at End Description of Period expenses accounts Deductions of Period Allowance for doubtful accounts: Year ended December 31, 2017 $ 23 $ 3 $ (1) $ — $ 25 Year ended December 31, 2016 22 2 (1) $ — 23 Year ended December 31, 2015 27 1 (6) — 22

SUMMARY OF SIGNIFICANT ACCOUN37

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2017
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
ASSET RETIREMENT OBLIGATIONS	Asset Retirement Obligations We accrue for asset retirement obligations, which consist primarily of landfill capping, closure and post‑closure costs, asbestos abatement costs, demolition and removal costs and leasehold remediation costs, in the period in which the obligations are incurred. Asset retirement obligations are accrued at estimated fair value. When the liability is initially recorded, we capitalize the cost by increasing the carrying amount of the related long‑lived asset. Over time, the liability is accreted to its estimated settlement value and the capitalized cost is depreciated over the useful life of the related asset. Upon settlement of the liability, we will recognize a gain or loss for any difference between the settlement amount and the liability recorded. Asset retirement obligations were $9 million and $8 million at December 31, 2017 and 2016, respectively.
CARRYING VALUE OF LONG-LIVED ASSETS	Carrying Value of Long‑Lived Assets We review long‑lived assets and all amortizable intangible assets for impairment whenever events or changes in circumstances indicate that the carrying amount of these assets may not be recoverable. Recoverability is based upon current and anticipated undiscounted cash flows, and we recognize an impairment when such estimated cash flows are less than the carrying value of the asset. Measurement of the amount of impairment, if any, is based upon the difference between carrying value and fair value. Fair value is generally estimated by discounting estimated future cash flows using a discount rate commensurate with the risks involved or selling price of assets held for sale. See “Note 11. Restructuring, Impairment and Plant Closing Costs.”
CASH AND CASH EQUIVALENTS	Cash and Cash Equivalents We consider cash in checking accounts and cash in short‑term highly liquid investments with remaining maturities of three months or less at the date of purchase, to be cash and cash equivalents. Cash flows from financing activities from discontinued operations are not presented separately in our consolidated statements of cash flows.
COST OF GOODS SOLD	Cost of Goods Sold We classify the costs of manufacturing and distributing our products as cost of goods sold. Manufacturing costs include variable costs, primarily raw materials and energy, and fixed expenses directly associated with production. Manufacturing costs also include, among other things, plant site operating costs and overhead (including depreciation), production planning and logistics costs, repair and maintenance costs, plant site purchasing costs, and engineering and technical support costs. Distribution, freight and warehousing costs are also included in cost of goods sold.
DERIVATIVES AND HEDGING ACTIVITIES	Derivatives and Hedging Activities All derivatives, whether designated in hedging relationships or not, are recorded on our balance sheet at fair value. If the derivative is designated as a fair value hedge, the changes in the fair value of the derivative and the hedged items are recognized in earnings. If the derivative is designated as a cash flow hedge, changes in the fair value of the derivative are recorded in accumulated other comprehensive loss, to the extent effective, and will be recognized in the income statement when the hedged item affects earnings. Changes in the fair value of the hedge in the net investment of certain international operations are recorded in other comprehensive income (loss), to the extent effective. The effectiveness of a cash flow hedging relationship is established at the inception of the hedge, and after inception we perform effectiveness assessments at least every three months. A derivative designated as a cash flow hedge is determined to be effective if the change in value of the hedge divided by the change in value of the hedged item is within a range of 80% to 125%. Hedge ineffectiveness in a cash flow hedge occurs only if the cumulative gain or loss on the derivative hedging instrument exceeds the cumulative change in the expected future cash flows on the hedged transaction. For a derivative that does not qualify or has not been designated as a hedge, changes in fair value are recognized in earnings.
ENVIRONMENTAL EXPENDITURES	Environmental Expenditures Environmental related restoration and remediation costs are recorded as liabilities when site restoration and environmental remediation and clean‑up obligations are either known or considered probable and the related costs can be reasonably estimated. Other environmental expenditures that are principally maintenance or preventative in nature are recorded when expended and incurred and are expensed or capitalized as appropriate. See “Note 19. Environmental, Health and Safety Matters.”
FOREIGN CURRENCY TRANSLATION	Foreign Currency Translation The accounts of our operating subsidiaries outside of the U.S., unless they are operating in highly inflationary economic environments, consider the functional currency to be the currency of the economic environment in which they operate. Accordingly, assets and liabilities are translated at rates prevailing at the balance sheet date. Revenues, expenses, gains and losses are translated at a weighted average rate for the period. Cumulative translation adjustments are recorded to equity as a component of accumulated other comprehensive loss. If a subsidiary operates in an economic environment that is considered to be highly inflationary (100% cumulative inflation over a three-year period), the U.S. dollar is considered to be the functional currency and gains and losses from remeasurement to the U.S. dollar from the local currency are included in the statement of operations. Where a subsidiary’s operations are effectively run, managed, financed and contracted in U.S. dollars, such as certain finance subsidiaries outside of the U.S., the U.S. dollar is considered to be the functional currency. Foreign currency transaction gains and losses are recorded in other operating (income) expense, net in our consolidated statements of operations and were (gains) losses of $(5) million, $(2) million and $10 million for the years ended December 31, 2017, 2016 and 2015, respectively.
INCOME TAXES	Income Taxes We use the asset and liability method of accounting for income taxes. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial and tax reporting purposes. We evaluate deferred tax assets to determine whether it is more likely than not that they will be realized. Valuation allowances are reviewed on a tax jurisdiction basis to analyze whether there is sufficient positive or negative evidence to support a change in judgment about the realizability of the related deferred tax assets for each jurisdiction. These conclusions require significant judgment. In evaluating the objective evidence that historical results provide, we consider the cyclicality of businesses and cumulative income or losses during the applicable period. Cumulative losses incurred over the period limits our ability to consider other subjective evidence such as our projections for the future. Changes in expected future income in applicable jurisdictions could affect the realization of deferred tax assets in those jurisdictions. On December 22, 2017, the U.S. Tax Reform Act was signed into law. The U.S. Tax Reform Act significantly revised the U.S. corporate income tax regime by, among other things, lowering the U.S. corporate tax rate from 35% to 21%, effective January 1, 2018, repealing the deduction for domestic production activities and imposing a repatriation tax on deemed repatriated earnings of foreign subsidiaries. As a result of the U.S. Tax Reform Act, the Company recorded a provisional tax benefit of $137 million due to a remeasurement of deferred tax assets and liabilities and a provisional tax expense of $85 million due to the transition tax on deemed repatriation of deferred foreign income. Absent the Venator offering and certain tax related restructuring transactions, our provisional transition tax liability on deemed repatriation of deferred foreign income would have been $12 million. Both the tax benefit and the tax charge represent provisional amounts and our current best estimates. Any adjustments recorded to the provisional amounts through calendar year 2018 will be included in income as an adjustment to tax expense in the period of the adjustment. The provisional amounts incorporate assumptions made based upon available information and our current interpretation of the U.S. Tax Reform Act and may change as we receive additional implementation guidance and as we further refine our calculations with additional information. Accounting for uncertainty in income taxes prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The application of income tax law is inherently complex. We are required to determine if an income tax position meets the criteria of more‑likely‑than‑not to be realized based on the merits of the position under tax law, in order to recognize an income tax benefit. This requires us to make significant judgments regarding the merits of income tax positions and the application of income tax law. Additionally, if a tax position meets the recognition criteria of more‑likely‑than‑not we are required to make judgments and apply assumptions to measure the amount of the tax benefits to recognize. These judgments are based on the probability of the amount of tax benefits that would be realized if the tax position was challenged by the taxing authorities. Interpretations and guidance surrounding income tax laws and regulations change over time. As a consequence, changes in assumptions and judgments can materially affect amounts recognized in our consolidated financial statements. We have not determined the need for, or change in, any unrecognized tax positions due to the U.S. Tax Reform Act. For further information concerning taxes, see “Note 17. Income Taxes.”
INTANGIBLE ASSETS AND GOODWILL	Intangible Assets and Goodwill Intangible assets are stated at cost (fair value at the time of acquisition) and are amortized using the straight‑line method over the estimated useful lives or the life of the related agreement as follows: Patents and technology 5 ‑ 30 years Trademarks 9 ‑ 30 years Licenses and other agreements 5 ‑ 15 years Other intangibles 5 ‑ 15 years Goodwill represents costs in excess of fair values assigned to the underlying net assets of acquired businesses. Goodwill is not subject to any method of amortization, but is tested for impairment annually (at the beginning of the third quarter) and when events and circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. When the fair value is less than the carrying value of the related reporting unit, we are required to reduce the amount of goodwill through a charge to earnings. Fair value is estimated using the market approach, as well as the income approach based on discounted cash flow projections. Goodwill has been assigned to reporting units for purposes of impairment testing. The net change to goodwill in response to changes in foreign currency exchange rates during 2017 was $3 million.
INVENTORIES	Inventories Inventories are stated at the lower of cost or market, with cost determined using LIFO, first‑in first‑out, and average costs methods for different components of inventory.
LEGAL COSTS	Legal Costs We expense legal costs, including those legal costs incurred in connection with a loss contingency, as incurred.
NET INCOME PER SHARE ATTRIBUTABLE TO HUNTSMAN CORPORATION	Net Income Per Share Attributable to Huntsman Corporation Basic income per share excludes dilution and is computed by dividing net income attributable to Huntsman Corporation common stockholders by the weighted average number of shares outstanding during the period. Diluted income per share reflects all potential dilutive common shares outstanding during the period and is computed by dividing net income available to Huntsman Corporation common stockholders by the weighted average number of shares outstanding during the period increased by the number of additional shares that would have been outstanding as dilutive securities. Basic and diluted income per share is determined using the following information (in millions): Year ended December 31, 2017 2016 2015 Numerator: Basic and diluted income from continuing operations: Income from continuing operations attributable to Huntsman Corporation $ 478 $ 334 $ 395 Basic and diluted net income: Net income attributable to Huntsman Corporation $ 636 $ 326 $ 93 Denominator: Weighted average shares outstanding 238.4 236.3 242.8 Dilutive shares: Stock-based awards 5.5 3.3 2.6 Total weighted average shares outstanding, including dilutive shares 243.9 239.6 245.4 Additional stock‑based awards of 0.8 million, 5.7 million and 6.1 million weighted average equivalent shares of stock were outstanding during the years ended December 31, 2017, 2016 and 2015, respectively. However, these stock‑based awards were not included in the computation of diluted earnings per share for the respective periods mentioned because the effect would be anti‑dilutive.
OTHER NONCURRENT ASSETS	Other Noncurrent Assets Other noncurrent assets consist primarily of spare parts, the overfunded portion related to defined benefit plans for employees and capitalized turnaround costs. Periodic maintenance and repairs applicable to major units of manufacturing facilities (a “turnaround”) are accounted for on the deferral basis by capitalizing the costs of the turnaround and amortizing the costs over the estimated period until the next turnaround.
PRINCIPLES OF CONSOLIDATION	Principles of Consolidation Our 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. All intercompany accounts and transactions have been eliminated.
PROPERTY, PLANT AND EQUIPMENT	Property, Plant and Equipment Property, plant and equipment is stated at cost less accumulated depreciation. Depreciation is computed using the straight‑line method over the estimated useful lives or lease term as follows: Buildings and equipment 5 ‑ 50 years Plant and equipment 3 ‑ 30 years Furniture, fixtures and leasehold improvements 5 ‑ 20 years Interest expense capitalized as part of plant and equipment was $9 million, $12 million and $14 million for the years ended December 31, 2017, 2016 and 2015, respectively. Normal maintenance and repairs of plant and equipment are charged to expense as incurred. Renewals, betterments and major repairs that materially extend the useful life of the assets are capitalized, and the assets replaced, if any, are retired.
RECLASSIFICATIONS	Reclassifications Certain amounts in the consolidated financial statements for prior periods have been reclassified to conform with the current presentation. These reclassifications were to record the assets and liabilities as held for sale and results of operations of the former P&A Business to discontinued operations. See “Note 3. Discontinued Operations and Business Dispositions—Separation of P&A Business.” In connection with the separation of the P&A Business, certain entities were removed from the debt guarantor structure. The condensed consolidating financial information included in “Note 25. Condensed Consolidating Financial Information of Huntsman International LLC” has been presented as if the new debt guarantor structure existed for all periods presented.
REVENUE RECOGNITION	Revenue Recognition We generate substantially all of our revenues through sales in the open market and long‑term supply agreements. We recognize revenue when it is realized or realizable and earned. Revenue for product sales is recognized when a sales arrangement exists, risk and title to the product transfer to the customer, collectability is reasonably assured and pricing is fixed or determinable. The transfer of risk and title to the product to the customer usually occurs at the time shipment is made.
SECURITIZATION OF ACCOUNTS RECEIVABLE	Securitization of Accounts Receivable Under our A/R Programs, we grant an undivided interest in certain of our trade receivables to the U.S. SPE and the EU SPE. This undivided interest serves as security for the issuance of debt. The A/R Programs provide for financing in both U.S. dollars and euros. The amounts outstanding under our A/R Programs are accounted for as secured borrowings. See “Note 13. Debt—Direct and Subsidiary Debt—A/R Programs.”
STOCK-BASED COMPENSATION	Stock‑Based Compensation We measure the cost of employee services received in exchange for an award of equity instruments based on the grant‑date fair value of the award. That cost, net of estimated forfeitures, will be recognized over the period during which the employee is required to provide services in exchange for the award. See “Note 21. Stock‑Based Compensation Plan.”
USE OF ESTIMATES	Use of Estimates The preparation of financial statements in conformity with 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.
RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS	Recently Issued Accounting Pronouncements Accounting Pronouncements Adopted During 2017 In July 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory . The amendments in this ASU do not apply to inventory that is measured using last-in first-out (“LIFO”) or the retail inventory method, but rather does apply to all other inventory, which includes inventory that is measured using first-in first-out or average cost. An entity should measure in scope inventory at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Subsequent measurement is unchanged for inventory measured using LIFO or the retail inventory method. The amendments in this ASU are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. The amendments in this ASU should be applied prospectively. We adopted the amendments in this ASU effective January 1, 2017, and the initial adoption of the amendment in this ASU did not have a significant impact on our consolidated financial statements. In October 2016, the FASB issued ASU No. 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory . The amendments in this ASU require entities to recognize the current and deferred income taxes for an intra-entity transfer of an asset other than inventory when the transfer occurs, as opposed to deferring the recognition of the income tax consequences until the asset has been sold to an outside party. The amendments in this ASU are effective for annual reporting periods beginning after December 31, 2017, including interim reporting periods within those annual reporting periods. Early adoption is permitted for all entities as of the beginning of an annual reporting period for which financial statements (interim or annual) have not been issued or made available for issuance. The amendments in this ASU should be applied on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. We early adopted the amendments of this ASU effective January 1, 2017 and the initial adoption of amendments in this ASU did not have a significant impact on our consolidated financial statements. In March 2016, the FASB issued ASU No. 2016‑09, Compensation—Stock Compensation (Topic 718): Improvements to Employee Share‑Based Payment Accounting . The amendments in this ASU simplify several aspects of the accounting for share‑based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The amendments in this ASU are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. We adopted the amendments in this ASU effective January 1, 2017, and the initial adoption of the amendment in this ASU did not have a significant impact on our consolidated financial statements. In January 2017, the FASB issued ASU No. 2017‑04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment . The amendments in this ASU simplify the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test. Under the amendments in this ASU, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying value, which eliminates the current requirement to calculate a goodwill impairment charge by comparing the implied fair value of goodwill with its carrying amount. The amendments in this ASU are effective for annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. The amendments in this ASU should be applied on a prospective basis. We adopted the amendments in this ASU effective January 1, 2017 and the initial adoption of the amendments in this ASU did not have a significant impact on our consolidated financial statements. Accounting Pronouncements Pending Adoption in Future Periods In May 2014, the FASB issued ASU No. 2014‑09, Revenue from Contracts with Customers (Topic 606) , outlining a single comprehensive model for entities to use in accounting for revenues arising from contracts with customers and supersedes most current revenue recognition guidance. In August 2015, the FASB issued ASU No. 2015‑14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date , deferring the effective date of ASU No. 2014‑09 for all entities by one year. Further, in March 2016, the FASB issued ASU No. 2016‑08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) , clarifying the implementation guidance on principal versus agent considerations, in April 2016, the FASB issued ASU No. 2016‑10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing , clarifying the implementation guidance on identifying performance obligations in a contract and determining whether an entity’s promise to grant a license provides a customer with either a right to use the entity’s intellectual property (which is satisfied at a point in time) or a right to access the entity’s intellectual property (which is satisfied over time), in May 2016, the FASB issued ASU No. 2016‑12, Revenue from Customers (Topic 606): Narrow‑Scope Improvements and Practical Expedients , providing clarifications and practical expedients for certain narrow aspects in Topic 606, and in December 2016, the FASB issued ASU 2016‑20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers . The amendments in these ASUs are effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. The amendments in ASU No. 2014‑09, ASU No. 2016‑08, ASU No. 2016‑10, ASU No. 2016‑12 and ASU No. 2016‑20 should be applied retrospectively, and early application is permitted. We are complete with our analysis to identify areas in our consolidated financial statements that will be impacted by the adoption of the amendments in ASU No. 2014‑09, ASU No. 2016‑08, ASU No. 2016‑10, ASU No. 2016‑12 and ASU No. 2016‑20. Other than additional required disclosures, we do not expect the adoption of the amendments in these ASUs to have a significant impact on our consolidated financial statements. The standard will be adopted in our fiscal year 2018, and we have elected the modified retrospective approach as the transition method. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) . The amendments in this ASU will increase transparency and comparability among entities by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The amendments in this ASU will require lessees to recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term. The amendments in this ASU are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. Early application of the amendments in this ASU is permitted for all entities. Reporting entities are required to recognize and measure leases under these amendments at the beginning of the earliest period presented using a modified retrospective approach. We are currently evaluating the impact of the adoption of the amendments in this ASU on our consolidated financial statements and believe, based on our preliminary assessment, that we will record significant additional right-to-use assets and lease obligations. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments . The amendments in this ASU clarify and include specific guidance to address diversity in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The amendments in this ASU are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. Early adoption is permitted, including adoption in an interim period. The amendments in this ASU should be applied using a retrospective transition method to each period presented. We do not expect the adoption of the amendments in this ASU to have a significant impact on our consolidated financial statements. In November 2016, the FASB issued ASU No. 2016‑18, Statement of Cash Flows (Topic 230): Restricted Cash . The amendments in this ASU require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning‑of‑period and end‑of‑period total amounts shown on the statement of cash flows. The amendments in this ASU are effective for fiscal years beginning after December 15, 2017, and interim period within those fiscal years. Early adoption is permitted, including adoption in an interim period. The amendments in this ASU should be applied using a retrospective transition method to each period presented. We do not expect the adoption of the amendments in this ASU to have a significant impact on our consolidated financial statements. In January 2017, the FASB issued ASU No. 2017‑01, Business Combinations (Topic 805): Clarifying the Definition of a Business . The amendments in this ASU clarify the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions or disposals of assets or businesses. The amendments in this ASU are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early application is permitted. The amendments in this ASU should be applied prospectively on or after the effective date. No disclosures are required at transition. We do not expect the adoption of the amendments in this ASU to have a significant impact on our consolidated financial statements. In March 2017, the FASB issued ASU No. 2017-07, Compensation—Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost . The amendments in this ASU require that an employer report the service cost component of net periodic pension cost and net periodic postretirement benefit cost in the same line items as other compensation costs arising from services rendered by the pertinent employees during the period. The other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside of income from operations. The amendments in this ASU also allow only the service cost component to be eligible for capitalization when applicable (for example, as a cost of internally manufactured inventory or a self-constructed asset). The amendments in this ASU are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The amendments in this ASU should be applied retrospectively for the presentation of the service cost component and the other components of net periodic pension cost and net periodic postretirement benefit cost in the income statement and prospectively, on and after the effective date, for the capitalization of the service cost component of net periodic pension cost and net periodic postretirement benefit cost in assets. The amendments in this ASU will impact the presentation of our consolidated financial statements. Our current presentation of service cost components is consistent with the amendments in this ASU. Upon adoption of the amendments in this ASU, we expect to present the other components within other nonoperating income, whereas we currently present these within cost of goods sold and selling, general and administrative expenses. In August 2017, the FASB issued ASU No. 2017‑12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities . The amendments in this ASU better align an entity’s risk management activities and financial reporting for hedging relationships through changes to both the designation and measurement guidance for qualifying hedging relationships as well as the recognition and presentation of the effects of the hedging instrument and the hedged item in the financial statements to increase the understandability of the results of an entity’s intended hedging strategies. The amendments in this ASU also include certain targeted improvements to ease the application of current guidance related to the assessment of hedge effectiveness. The amendments in this ASU are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early application is permitted in any interim period after the issuance of this ASU. Transition requirements and elections should be applied to hedging relationships existing on the date of adoption. For cash flow and net investment hedges, an entity should apply a cumulative-effect adjustment related to eliminating the separate measurement of ineffectiveness, and the amended presentation and disclosure guidance is required only prospectively. We do not expect the adoption of the amendments in this ASU to have a significant impact on our consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUN38

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2017
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Schedule of estimated useful lives of intangible assets or life of the related agreement	Patents and technology 5 ‑ 30 years Trademarks 9 ‑ 30 years Licenses and other agreements 5 ‑ 15 years Other intangibles 5 ‑ 15 years
Schedule of basic and diluted income per share	Basic and diluted income per share is determined using the following information (in millions): Year ended December 31, 2017 2016 2015 Numerator: Basic and diluted income from continuing operations: Income from continuing operations attributable to Huntsman Corporation $ 478 $ 334 $ 395 Basic and diluted net income: Net income attributable to Huntsman Corporation $ 636 $ 326 $ 93 Denominator: Weighted average shares outstanding 238.4 236.3 242.8 Dilutive shares: Stock-based awards 5.5 3.3 2.6 Total weighted average shares outstanding, including dilutive shares 243.9 239.6 245.4
Schedule of estimated useful lives or lease term of property, plant and equipment	Buildings and equipment 5 ‑ 50 years Plant and equipment 3 ‑ 30 years Furniture, fixtures and leasehold improvements 5 ‑ 20 years

DISCONTINUED OPERATIONS AND B39

DISCONTINUED OPERATIONS AND BUSINESS DISPOSITIONS (Tables)	12 Months Ended
	Dec. 31, 2017
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Summary of major classes of assets and liabilities constituting assets and liabilities held for sale	December 31, December 31, 2017 2016 Carrying amounts of major classes of assets held for sale: Accounts receivable $ 380 $ 234 Inventories 454 426 Other current assets 318 117 Total current assets(1) 777 Property, plant and equipment, net 1,424 1,178 Deferred income taxes 158 143 Other noncurrent assets 146 142 Total noncurrent assets(1) 1,463 Total assets held for sale $ 2,880 $ 2,240 Carrying amounts of major classes of liabilities in held for sale: Accounts payable $ 385 $ 297 Accrued liabilities 236 145 Other current liabilities 25 25 Total current liabilities(1) 467 Deferred income taxes — 56 Long term debt 746 — Other noncurrent liabilities 300 337 Total noncurrent liabilities(1) 393 Total liabilities held for sale $ 1,692 $ 860 (1) The assets and liabilities held for sale are classified as current as of December 31, 2017 because it is probable that the sale of our remaining ownership interest in Venator ordinary shares will occur and proceeds will be collected within one year. The following table summarizes major classes of line items constituting pretax and after-tax income of discontinued operations. Huntsman Corporation Year ended December 31, 2017 2016 2015 Major classes of line items constituting pretax income (loss) of discontinued operations: Trade sales, services and fees, net $ 2,234 $ 2,168 $ 2,193 Cost of goods sold 1,840 2,012 2,077 Selling, general and administrative 187 174 214 Restructuring, impairment and plant closing costs 56 36 220 Business separation expenses 40 18 — Interest expense (income) 19 (1) — Other operating income, net (134) (38) (1) Other loss (income), net 1 (1) 1 Income (loss) from discontinued operations before income taxes 225 (32) (318) Income tax (expense) benefit (67) 24 16 Income (loss) from discontinued operations, net of tax 158 (8) (302) Net income attributable to noncontrolling interests (10) (10) (7) Net income (loss) attributable to discontinued operations $ 148 $ (18) $ (309)
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Summary of major classes of assets and liabilities constituting assets and liabilities held for sale	Huntsman International Year ended December 31, 2017 2016 2015 Major classes of line items constituting pretax income (loss) of discontinued operations: Trade sales, services and fees, net $ 2,234 $ 2,168 2,193 Cost of goods sold 1,843 2,017 2,082 Selling, general and administrative 187 174 214 Restructuring, impairment and plant closing costs 56 36 220 Business separation expenses 40 18 — Interest expense 19 (1) — Other operating income, net (134) (38) (1) Other loss (income), net 1 (1) 1 Income (loss) from discontinued operations before income taxes 222 (37) (323) Income tax (expense) benefit (67) 24 16 Income (loss) from discontinued operations, net of tax 155 (13) (307) Net income attributable to noncontrolling interests (10) (10) (7) Net income (loss) attributable to discontinued operations $ 145 $ (23) $ (314)

INVENTORIES (Tables)

INVENTORIES (Tables)	12 Months Ended
	Dec. 31, 2017
INVENTORIES
Schedule of inventory	Inventories consisted of the following (dollars in millions): December 31, December 31, 2017 2016 Raw materials and supplies $ 189 $ 157 Work in progress 48 45 Finished goods 897 771 Total 1,134 973 LIFO reserves (61) (55) Net inventories $ 1,073 $ 918

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2017
PROPERTY, PLANT AND EQUIPMENT
Schedule of cost and accumulated depreciation of property, plant and equipment	The cost and accumulated depreciation of property, plant and equipment were as follows (dollars in millions): Huntsman Corporation December 31, 2017 2016 Land $ 150 $ 133 Buildings 644 607 Plant and equipment 5,929 5,369 Construction in progress 360 381 Total 7,083 6,490 Less accumulated depreciation (3,985) (3,456) Net $ 3,098 $ 3,034
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
PROPERTY, PLANT AND EQUIPMENT
Schedule of cost and accumulated depreciation of property, plant and equipment	December 31, 2017 2016 Land $ 150 $ 133 Buildings 644 607 Plant and equipment 5,982 5,411 Construction in progress 360 381 Total 7,136 6,532 Less accumulated depreciation (4,041) (3,520) Net $ 3,095 $ 3,012

INVESTMENT IN UNCONSOLIDATED 42

INVESTMENT IN UNCONSOLIDATED AFFILIATES (Tables)	12 Months Ended
	Dec. 31, 2017
INVESTMENT IN UNCONSOLIDATED AFFILIATES
Schedule of ownership percentage and investment in unconsolidated affiliates	Our ownership percentage and investment in unconsolidated affiliates were as follows (dollars in millions): December 31, 2017 2016 Equity Method: BASF Huntsman Shanghai Isocyanate Investment BV (50%)(1) $ 116 $ 112 Nanjing Jinling Huntsman New Material Co., Ltd. (49%) 124 112 Jurong Ningwu New Material Development Co., Ltd. (30%) 21 19 Total equity method investments 261 243 Cost Method: International Diol Company (4%) 5 5 Total investments $ 266 $ 248 (1) We own 50% of BASF Huntsman Shanghai Isocyanate Investment BV. BASF Huntsman Shanghai Isocyanate Investment BV owns a 70% interest in SLIC, thus giving us an indirect 35% interest in SLIC.

VARIABLE INTEREST ENTITIES (Tab

VARIABLE INTEREST ENTITIES (Tables)	12 Months Ended
	Dec. 31, 2017
VARIABLE INTEREST ENTITIES
Schedule of financial information of VIE's	December 31, December 31, 2017 2016 Current assets $ 114 $ 103 Property, plant and equipment, net 283 279 Other noncurrent assets 116 99 Deferred income taxes 33 43 Intangible assets 10 10 Goodwill 14 12 Total assets $ 570 $ 546 Current liabilities $ 163 $ 131 Long-term debt 86 114 Deferred income taxes 12 10 Other noncurrent liabilities 98 76 Total liabilities $ 359 $ 331 The revenues, income from continuing operations before income taxes and net cash provided by operating activities for our variable interest entities are as follows (dollars in millions): Year ended December 31, 2017 2016 2015 Revenues $ 132 $ 97 $ 130 Income from continuing operations before income taxes 25 15 36 Net cash provided by operating activities 51 50 66

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2017
INTANGIBLE ASSETS
Schedule of gross carrying amount and accumulated amortization of intangible assets	The gross carrying amount and accumulated amortization of intangible assets were as follows (dollars in millions): Huntsman Corporation December 31, 2017 December 31, 2016 Carrying Accumulated Carrying Accumulated Amount Amortization Net Amount Amortization Net Patents, trademarks and technology $ 350 $ 332 $ 18 $ 349 $ 327 $ 22 Licenses and other agreements 40 25 15 37 23 14 Non-compete agreements 4 2 2 3 2 1 Other intangibles 82 61 21 62 56 6 Total $ 476 $ 420 $ 56 $ 451 $ 408 $ 43
Schedule of estimated future amortization expense for intangible assets	Our and Huntsman International’s estimated future amortization expense for intangible assets over the next five years is as follows (dollars in millions): Year ending December 31, 2018 $ 6 2019 6 2020 6 2021 5 2022 4
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
INTANGIBLE ASSETS
Schedule of gross carrying amount and accumulated amortization of intangible assets	December 31, 2017 December 31, 2016 Carrying Accumulated Carrying Accumulated Amount Amortization Net Amount Amortization Net Patents, trademarks and technology $ 350 $ 332 $ 18 $ 349 $ 327 $ 22 Licenses and other agreements 40 25 15 37 23 14 Non-compete agreements 4 2 2 3 2 1 Other intangibles 90 69 21 70 64 6 Total $ 484 $ 428 $ 56 $ 459 $ 416 $ 43

OTHER NONCURRENT ASSETS (Tables

OTHER NONCURRENT ASSETS (Tables)	12 Months Ended
	Dec. 31, 2017
OTHER NONCURRENT ASSETS
Schedule of other noncurrent assets	Other noncurrent assets consisted of the following (dollars in millions): December 31, 2017 2016 Capitalized turnaround costs, net $ 233 $ 214 Spare parts inventory 91 79 Deposits 52 46 Catalyst assets, net 46 43 Investment in available-for-sale securities — 18 Pension assets 22 1 Other 53 71 Total $ 497 $ 472

ACCRUED LIABILITIES (Tables)

ACCRUED LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2017
Accrued Liabilities
Schedule of accrued liabilities	Accrued liabilities consisted of the following (dollars in millions): Huntsman Corporation December 31, 2017 2016 Payroll and related accruals $ 172 $ 135 Volume and rebate accruals 58 48 Taxes other than income taxes 77 60 Income taxes 62 28 Restructuring and plant closing reserves 15 28 Interest 20 21 Pension liabilities 15 11 Other postretirement benefits 7 8 Environmental accruals 6 7 Other miscellaneous accruals 137 125 Total $ 569 $ 471
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Accrued Liabilities
Schedule of accrued liabilities	December 31, 2017 2016 Payroll and related accruals $ 172 $ 135 Volume and rebate accruals 58 48 Taxes other than income taxes 77 60 Income taxes 62 28 Restructuring and plant closing reserves 15 28 Interest 20 21 Pension liabilities 15 11 Other postretirement benefits 7 8 Environmental accruals 6 7 Other miscellaneous accruals 134 122 Total $ 566 $ 468

RESTRUCTURING, IMPAIRMENT AND47

RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS (Tables)	12 Months Ended
	Dec. 31, 2017
RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS
Schedule of accrued restructuring, impairment and plant closing costs by type of cost and initiative	As of December 31, 2017, 2016 and 2015, accrued restructuring costs of continuing operations by type of cost and initiative consisted of the following (dollars in millions): Non-cancelable Other Workforce Demolition and lease and contract restructuring reductions(1) decommissioning termination costs costs Total(2) Accrued liabilities as of January 1, 2015 $ 28 $ — $ 47 $ 3 $ 78 2015 charges for 2014 and prior initiatives 8 24 15 9 56 2015 charges for 2015 initiatives 30 — — 3 33 Reversal of reserves no longer required (7) — (6) — (13) 2015 payments for 2014 and prior initiatives (23) (8) (17) (7) (55) 2015 payments for 2015 initiatives (16) — — (3) (19) Foreign currency effect on liability balance (1) — (2) — (3) Accrued liabilities as of December 31, 2015 19 16 37 5 77 2016 charges for 2015 and prior initiatives 1 24 9 13 47 2016 charges for 2016 initiatives 1 — — 5 6 Reversal of reserves no longer required (2) — — — (2) Distribution of prefunded restructuring costs (5) (5) — (1) (11) 2016 payments for 2015 and prior initiatives (8) (15) (4) (13) (40) 2016 payments for 2016 initiatives (1) — — (4) (5) Foreign currency effect on liability balance (1) (1) (2) — (4) Accrued liabilities as of December 31, 2016 4 19 40 5 68 2017 (credits) charges for 2016 and prior initiatives (1) 3 2 2 6 2017 charges for 2017 initiatives 10 — — 2 12 2017 payments for 2016 and prior initiatives (1) (21) (2) (2) (26) 2017 payments for 2017 initiatives (8) — — (2) (10) Foreign currency effect on liability balance 1 1 1 — 3 Accrued liabilities as of December 31, 2017 $ 5 $ 2 $ 41 $ 5 $ 53 (1) The total workforce reduction reserves of $5 million relate to the termination of 130 positions, of which 82 positions had not been terminated as of December 31, 2017. (2) In December 2015, we prepaid $9 million of severance and other restructuring costs related to restructuring programs in our Textile Effects and Performance Products segments. Certain of the severance costs were prepaid to a third party who distributed the severance payments to affected employees when they were terminated in 2016. (3) Accrued liabilities remaining at December 31, 2017 and 2016 by year of initiatives were as follows (dollars in millions): December 31, 2017 2016 2015 initiatives $ 50 $ 67 2016 initiatives 1 1 2017 initiatives 2 — Total $ 53 $ 68
Schedule of accrued liabilities by year of initiatives	December 31, 2017 2016 2015 initiatives $ 50 $ 67 2016 initiatives 1 1 2017 initiatives 2 — Total $ 53 $ 68
Schedule of details with respect to reserves for restructuring, impairment and plant closing costs, provided by segment and initiative	Details with respect to our reserves for restructuring, impairment and plant closing costs are provided below by segment and initiative (dollars in millions): Performance Advanced Textile Corporate Polyurethanes Products Materials Effects and other Total Accrued liabilities as of January 1, 2015 $ 6 $ 9 $ 5 $ 54 $ 4 $ 78 2015 charges for 2014 and prior initiatives 2 3 1 42 8 56 2015 charges for 2015 initiatives 17 8 5 2 1 33 Reversal of reserves no longer required (4) (1) — (7) (1) (13) 2015 payments for 2014 and prior initiatives (4) (8) (2) (34) (7) (55) 2015 payments for 2015 initiatives (11) (1) (5) (1) (1) (19) Foreign currency effect on liability balance (1) (1) — (1) — (3) Accrued liabilities as of December 31, 2015 5 9 4 55 4 77 2016 charges for 2015 and prior initiatives — 16 — 28 3 47 2016 charges for 2016 initiatives 4 — — 1 1 6 Reversal of reserves no longer required (1) — — — (1) (2) Distribution of prefunded restructuring costs — (6) — (5) — (11) 2016 payments for 2015 and prior initiatives (3) (19) — (14) (4) (40) 2016 payments for 2016 initiatives (3) — — (1) (1) (5) Foreign currency effect on liability balance — — (1) (3) — (4) Accrued liabilities as of December 31, 2016 2 — 3 61 2 68 2017 charges for 2016 and prior initiatives — — — 6 — 6 2017 charges for 2017 initiatives — 1 — 7 4 12 2017 payments for 2016 and prior initiatives (1) — — (25) — (26) 2017 payments for 2017 initiatives — — — (5) (5) (10) Foreign currency effect on liability balance — — — 3 — 3 Accrued liabilities as of December 31, 2017 $ 1 $ 1 $ 3 47 $ 1 $ 53 Current portion of restructuring reserves $ 1 $ 1 $ 3 $ 9 $ 1 $ 15 Long-term portion of restructuring reserves — — — 38 — 38
Schedule of cash and noncash restructuring charges by initiative	Details with respect to cash and noncash restructuring charges for the years ended December 31, 2017, 2016 and 2015 by initiative are provided below (dollars in millions): Cash charges: 2017 charges for 2016 and prior initiatives $ 6 2017 charges for 2017 initiatives 12 Pension-related charges 1 Noncash charges: Accelerated depreciation 2 Other noncash credits (1) Total 2017 Restructuring, Impairment and Plant Closing Costs $ 20 Cash charges: 2016 charges for 2015 and prior initiatives $ 47 2016 charges for 2016 initiatives 6 Reversal of reserves no longer required (2) Noncash charges: Gain on sale of land (4) Total 2016 Restructuring, Impairment and Plant Closing Costs $ 47 Cash charges: 2015 charges for 2014 and prior initiatives $ 56 2015 charges for 2015 initiatives 33 Reversal of reserves no longer required (13) Noncash charges: Accelerated depreciation 6 Other noncash charges 1 Total 2015 Restructuring, Impairment and Plant Closing Costs $ 83

OTHER NONCURRENT LIABILITIES (T

OTHER NONCURRENT LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2017
OTHER NONCURRENT LIABILITIES
Schedule of components of other noncurrent liabilities	Other noncurrent liabilities consisted of the following (dollars in millions): Huntsman Corporation December 31, 2017 2016 Pension liabilities $ 715 $ 743 Other postretirement benefits 73 85 Environmental accruals 15 15 Restructuring and plant closing reserves 38 40 Employee benefit accrual 34 27 Asset retirement obligations 9 8 Other 202 139 Total $ 1,086 $ 1,057
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
OTHER NONCURRENT LIABILITIES
Schedule of components of other noncurrent liabilities	December 31, 2017 2016 Pension liabilities $ 715 $ 743 Other postretirement benefits 73 85 Environmental accruals 15 15 Restructuring and plant closing reserves 38 40 Employee benefit accrual 34 27 Asset retirement obligations 9 8 Other 188 133 Total $ 1,072 $ 1,051

DEBT (Tables)

DEBT (Tables)	12 Months Ended
	Dec. 31, 2017
Debt
Schedule of outstanding debt	Outstanding debt, net of debt issuance costs, of consolidated entities consisted of the following (dollars in millions): Huntsman Corporation December 31, 2017 2016 Senior Credit Facilities: Term loans $ — $ 1,967 Amounts outstanding under A/R programs 180 208 Senior notes 1,927 1,812 Variable interest entities 107 126 Other 84 59 Total debt—excluding debt to affiliates $ 2,298 $ 4,172 Total current portion of debt $ 40 $ 50 Long-term portion 2,258 4,122 Total debt—excluding debt to affiliates $ 2,298 $ 4,172 Total debt—excluding debt to affiliates $ 2,298 $ 4,172 Notes payable to affiliates-noncurrent — 1 Total debt $ 2,298 $ 4,173
Schedule of maturities of debt (excluding debt to affiliates)	The scheduled maturities of our debt (excluding debt to affiliates) by year as of December 31, 2017 are as follows (dollars in millions): Year ending December 31, 2018 $ 40 2019 27 2020 865 2021 560 2022 409 Thereafter 397 $ 2,298
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Schedule of outstanding debt	December 31, 2017 2016 Senior Credit Facilities: Term loans $ — $ 1,967 Amounts outstanding under A/R programs 180 208 Senior notes 1,927 1,812 Variable interest entities 107 126 Other 84 59 Total debt—excluding debt to affiliates $ 2,298 $ 4,172 Total current portion of debt $ 40 $ 50 Long-term portion 2,258 4,122 Total debt—excluding debt to affiliates $ 2,298 $ 4,172 Total debt—excluding debt to affiliates $ 2,298 $ 4,172 Notes payable to affiliates-current 100 100 Notes payable to affiliates-noncurrent 742 697 Total debt $ 3,140 $ 4,969
Schedule of Senior Credit Facilities	As of December 31, 2017, our Senior Credit Facilities consisted of a Revolving Facility as follows (dollars in millions): Unamortized Discounts and Committed Principal Debt Issuance Carrying Facility Amount Outstanding Costs Value Interest Rate(2) Maturity Revolving Facility $ 650 $ — $ — $ — USD LIBOR plus 2.50% (1) We had no borrowings outstanding under our Revolving Facility; we had approximately $9 million (U.S. dollar equivalents) of letters of credit and bank guarantees issued and outstanding under our Revolving Facility. The applicable interest rate of the Revolving Facility is subject to certain secured leverage ratio thresholds.
Schedule of A/R Programs	Information regarding our A/R Programs as of December 31, 2017 was as follows (monetary amounts in millions): Maximum Funding Amount Facility Maturity Availability(1) Outstanding Interest Rate(2) U.S. A/R Program April 2020 $ 250 $ 90 (3) Applicable rate plus 0.95% EU A/R Program April 2020 € 150 € 76 Applicable rate plus 1.30% (approximately $179) (approximately $90) (1) The amount of actual availability under our A/R Programs may be lower based on the level of eligible receivables sold, changes in the credit ratings of our customers, customer concentration levels and certain characteristics of the accounts receivable being transferred, as defined in the applicable agreements. (2) Applicable rate for our U.S. A/R Program is defined by the lender as USD LIBOR. Applicable rate for our EU A/R Program is either GBP LIBOR, USD LIBOR or EURIBOR. (3) As of December 31, 2017, we had approximately $5 million (U.S. dollar equivalents) of letters of credit issued and outstanding under our U.S. A/R Program.
Summary of outstanding notes	As of December 31, 2017, we had outstanding the following notes (monetary amounts in millions): Unamortized Discounts and Debt Notes Maturity Interest Rate Amount Outstanding Issuance Costs 2020 Senior Notes November 2020 4.875 % $650 ($647 carrying value) $ (3) 2021 Senior Notes April 2021 5.125 % €445 (€444 carrying value $(529)) (1) 2022 Senior Notes November 2022 5.125 % $400 ($397 carrying value) (3) 2025 Senior Notes April 2025 4.250 % €300 (€297 carrying value $(354)) (3)
Schedule of Redemption of Notes and Loss on Early Extinguishment of Debt	During the year ended December 31, 2015, we redeemed or repurchased the following notes (dollars in millions): Amount Paid Loss on Early Principal Amount of (Excluding Accrued Extinguishment Date of Redemption Notes Notes Redeemed Interest) of Debt September 2015 2021 Senior Subordinated Notes $ 195 $ 204 $ 7 April 2015 2021 Senior Subordinated Notes 289 311 20 January 2015 2021 Senior Subordinated Notes 37 40 3

FAIR VALUE (Tables)

FAIR VALUE (Tables)	12 Months Ended
	Dec. 31, 2017
FAIR VALUE
Schedule of fair values of financial instruments	The fair values of our financial instruments were as follows (dollars in millions): December 31, 2017 December 31, 2016 Carrying Estimated Carrying Estimated Value Fair Value Value Fair Value Non-qualified employee benefit plan investments $ 33 $ 33 27 $ 27 Investments in equity securities — — 18 18 Cross-currency interest rate contracts — — 29 29 Interest rate contracts (1) (1) (2) (2) Long-term debt (including current portion) (2,298) (2,483) (4,172) (4,345)
Schedule of assets and liabilities are measured at fair value on a recurring basis	The following assets and liabilities are measured at fair value on a recurring basis (dollars in millions): Fair Value Amounts Using Quoted prices Significant other Significant in active markets observable unobservable December 31, for identical inputs inputs Description 2017 assets (Level 1)(3) (Level 2)(3) (Level 3) Assets: Available-for sale equity securities: Non-qualified employee benefit plan investments $ 33 $ 33 $ — $ — Liabilities: Derivatives: Interest rate contracts(1) $ (1) $ — $ (1) $ — Fair Value Amounts Using Quoted prices Significant other Significant in active markets observable unobservable December 31, for identical inputs inputs Description 2016 assets (Level 1)(3) (Level 2)(3) (Level 3) Assets: Available-for sale equity securities: Non-qualified employee benefit plan investments $ 27 $ 27 $ — $ — Investments in equity securities 18 18 — — Derivatives: Cross-currency interest rate contracts(2) 29 — — 29 Total assets $ 74 $ 45 $ — $ 29 Liabilities: Derivatives: Interest rate contracts(1) $ (2) $ — $ (2) $ — (1) The income approach is used to calculate the fair value of these instruments. Fair value represents the present value of estimated future cash flows, calculated using relevant interest rates and yield curves at stated intervals. There were no material changes to the valuation methods or assumptions used to determine the fair value during the current period. (2) The income approach is used to calculate the fair value of these instruments. Fair value represents the present value of estimated future cash flows, calculated using relevant interest rates, exchange rates, and yield curves at stated intervals. There were no material changes to the valuation methods or assumptions used to determine the fair value during the current period. In November 2014, we entered into two five year cross-currency interest rate contracts and one eight year cross-currency interest rate contract. These instruments had been categorized by us as Level 3 within the fair value hierarchy due to unobservable inputs associated with the credit valuation adjustment, which we deemed to be significant inputs to the overall measurement of fair value at inception. In August 2017, we terminated these cross-currency interest rate contracts and received $7 million in payments from the counterparties. (3) There were no transfers between Levels 1 and 2 within the fair value hierarchy for the years ended December 31, 2017 and 2016.
Schedule of reconciliation of beginning and ending balances for instruments measured at fair value on a recurring basis using significant unobservable inputs (Level 3)	The following tables show reconciliations of beginning and ending balances for the years ended December 31, 2017 and 2016 for instruments measured at fair value on a recurring basis using significant unobservable inputs (Level 3) (dollars in millions). Cross-Currency Interest Rate Contracts Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Beginning balance $ 29 Transfers into Level 3 — Transfers out of Level 3 — Total (losses) gains: Included in earnings — Included in other comprehensive income (loss) (22) Purchases, sales, issuances and settlements (7) Ending balance, December 31, 2017 $ — The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains (losses) relating to assets still held at December 31, 2017 $ — Cross-Currency Interest Rate Contracts Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Beginning balance $ 28 Transfers into Level 3 — Transfers out of Level 3 — Total (losses) gains: Included in earnings — Included in other comprehensive income (loss) 1 Purchases, sales, issuances and settlements — Ending balance, December 31, 2016 $ 29 The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains (losses) relating to assets still held at December 31, 2016 $ —
Schedule of gains and losses (realized and unrealized) included in earnings reported in interest expense and other comprehensive income (loss)	Gains and losses (realized and unrealized) included in earnings for instruments measured at fair value on a recurring basis using significant unobservable inputs (Level 3) are reported in interest expense and other comprehensive income (loss) as follows (dollars in millions): Other Interest comprehensive 2017 expense income (loss) Total net gains included in earnings $ — $ — Changes in unrealized losses — (22) Other Interest comprehensive 2016 expense income (loss) Total net gains included in earnings $ — $ — Changes in unrealized gains related to assets still held at December 31, 2016 — 1

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	12 Months Ended
	Dec. 31, 2017
EMPLOYEE BENEFIT PLANS
Schedule of funded status of the plans and the amounts recognized in the consolidated balance sheets	The following table sets forth the funded status of the plans for us and Huntsman International and the amounts recognized in our consolidated balance sheets at December 31, 2017 and 2016 (dollars in millions): Defined Benefit Plans Other Postretirement Benefit Plans 2017 2016 2017 2016 U.S. Non-U.S. U.S. Non-U.S. U.S. Non-U.S. U.S. Non-U.S. Plans Plans Plans Plans Plans Plans Plans Plans Change in benefit obligation Benefit obligation at beginning of year $ 1,049 $ 2,064 $ 953 $ 1,986 $ 93 $ — $ 87 $ — Service cost 30 33 30 29 3 — 2 — Interest cost 44 35 47 41 3 — 4 — Participant contributions — 5 — 5 2 — 3 — Plan amendments — (1) — — — — — — Foreign currency exchange rate changes — 207 — (165) — — — — Special termination benefits — 1 — — — — — — Settlements/transfers/divestitures — — — (2) — — — — Curtailments — — — (1) — — — — Actuarial (gain) loss 91 (10) 73 242 (12) — 8 — Benefits paid (61) (75) (54) (71) (9) — (11) — Benefit obligation at end of year $ 1,153 $ 2,259 $ 1,049 $ 2,064 $ 80 $ — $ 93 $ — Change in plan assets Fair value of plan assets at beginning of year $ 721 $ 1,639 $ 716 $ 1,637 $ — $ — $ — $ — Actual return on plan assets 104 109 53 175 — — — — Foreign currency exchange rate changes — 166 — (143) — — — — Participant contributions — 5 — 5 2 — 3 — Acquisitions/divestitures — — — — — — — — Company contributions 57 39 6 36 7 — 8 — Benefits paid (61) (75) (54) (71) (9) — (11) — Fair value of plan assets at end of year $ 821 $ 1,883 $ 721 $ 1,639 $ — $ — $ — $ — Funded status Fair value of plan assets $ 821 $ 1,883 $ 721 $ 1,639 $ — $ — $ — $ — Benefit obligation 1,153 2,259 1,049 2,064 80 — 93 — Accrued benefit cost $ (332) $ (376) $ (328) $ (425) $ (80) $ — $ (93) $ — Amounts recognized in balance sheet: Noncurrent asset $ — $ 22 $ — $ 1 $ — $ — $ — $ — Current liability (10) (5) (6) (5) (7) — (8) — Noncurrent liability (322) (393) (322) (421) (73) — (85) — $ (332) $ (376) $ (328) $ (425) $ (80) $ — $ (93) $ —
Schedule of amounts recognized in accumulated other comprehensive loss	Defined Benefit Plans Other Postretirement Benefit Plans 2017 2016 2017 2016 U.S. Non-U.S. U.S. Non-U.S. U.S. Non-U.S. U.S. Non-U.S. Plans Plans Plans Plans Plans Plans Plans Plans Amounts recognized in accumulated other comprehensive loss: Net actuarial loss $ 419 $ 1,000 $ 407 $ 1,100 $ 30 $ — $ 45 $ 1 Prior service credit (15) (29) (17) (31) (45) — (51) (2) $ 404 $ 971 $ 390 $ 1,069 $ (15) $ — $ (6) $ (1)
Schedule of amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit cost during the next fiscal year	The amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit cost of continuing operations during the next fiscal year are as follows (dollars in millions): Huntsman Corporation Other Postretirement Defined Benefit Plans Benefit Plans Non-U.S. Non-U.S. U.S. Plans Plans U.S. Plans Plans Actuarial loss $ 33 $ 38 $ 2 $ — Prior service credit (2) (5) (6) — Total $ 31 $ 33 $ (4) $ —
Components of the net periodic benefit costs	Components of net periodic benefit costs of continuing operations for the years ended December 31, 2017, 2016 and 2015 were as follows (dollars in millions): Huntsman Corporation Defined Benefit Plans U.S. plans Non-U.S. plans 2017 2016 2015 2017 2016 2015 Service cost $ 30 $ 30 $ 32 $ 33 $ 29 $ 34 Interest cost 44 47 42 35 41 45 Expected return on plan assets (55) (54) (56) (100) (93) (93) Amortization of prior service credit (2) (5) (6) (5) (4) (1) Amortization of actuarial loss 30 25 32 45 31 34 Special termination benefits — — — 1 — 1 Net periodic benefit cost $ 47 $ 43 $ 44 $ 9 $ 4 $ 20 Other Postretirement Benefit Plans U.S. plans Non-U.S. plans 2017 2016 2015 2017 2016 2015 Service cost $ 3 $ 2 $ 4 $ — $ — $ — Interest cost 3 4 5 — — — Amortization of prior service credit (6) (7) (5) — — — Amortization of actuarial loss 3 2 3 — — — Net periodic benefit cost $ 3 $ 1 $ 7 $ — $ — $ —
Schedule of amounts recognized in net periodic benefit cost and other comprehensive (loss) income	The amounts recognized in net periodic benefit cost and other comprehensive income (loss) as of December 31, 2017, 2016 and 2015 were as follows (dollars in millions): Huntsman Corporation Defined Benefit Plans U.S. plans Non-U.S. plans 2017 2016 2015 2017 2016 2015 Current year actuarial loss (gain) $ 42 $ 74 $ 2 $ (42) $ 235 $ 33 Amortization of actuarial loss (30) (25) (32) (61) (42) (43) Current year prior service (credits) cost — — — (2) — (32) Amortization of prior service credit 2 5 6 4 4 — Curtailment (gain)/loss — — — 3 — — Total recognized in other comprehensive income (loss) 14 54 (24) (98) 197 (42) Amounts related to discontinued operations 3 — 1 37 (65) (13) Total recognized in other comprehensive income (loss) in continuing operations 17 54 (23) (61) 132 (55) Net periodic benefit cost 47 43 44 9 4 20 Total recognized in net periodic benefit cost and other comprehensive income (loss) $ 64 $ 97 $ 21 $ (52) $ 136 $ (35) Other Postretirement Benefit Plans U.S. plans Non-U.S. plans 2017 2016 2015 2017 2016 2015 Current year actuarial loss (gain) $ (12) $ 9 $ (9) $ — $ — $ — Amortization of actuarial loss (3) (2) (3) (1) — — Current year prior service credit — — (40) — (2) — Amortization of prior service credit 6 7 5 2 — — Total recognized in other comprehensive income (loss) (9) 14 (47) 1 (2) — Amounts related to discontinued operations — (1) 1 (1) 3 — Total recognized in other comprehensive income (loss) in continuing operations (9) 13 (46) — 1 — Net periodic benefit cost 3 1 7 — — — Total recognized in net periodic benefit cost and other comprehensive income (loss) $ (6) $ 14 $ (39) $ — $ 1 $ —
Schedule of weighted-average assumptions used to determine the projected benefit obligation and the net periodic pension cost	Defined Benefit Plans U.S. plans Non-U.S. plans 2017 2016 2015 2017 2016 2015 Projected benefit obligation Discount rate 3.74 % 4.24 % 4.90 % 1.65 % 1.61 % 2.15 % Rate of compensation increase 4.13 % 4.17 % 4.17 % 3.38 % 3.37 % 3.28 % Net periodic pension cost Discount rate 4.24 % 4.90 % 4.25 % 1.61 % 2.15 % 2.15 % Rate of compensation increase 4.17 % 4.17 % 4.19 % 3.37 % 3.28 % 3.35 % Expected return on plan assets 7.55 % 7.54 % 7.75 % 5.68 % 5.91 % 5.69 % Other Postretirement Benefit Plans U.S. plans Non-U.S. plans 2017 2016 2015 2017 2016 2015 Projected benefit obligation Discount rate 3.57 % 4.03 % 4.68 % 3.30 % 3.50 % 3.70 % Net periodic pension cost Discount rate 4.03 % 4.68 % 4.37 % 3.50 % 3.70 % 3.80 %
Schedule of effect of one-percent point change in assumed health care cost trend rates	A one-percent point change in assumed health care cost trend rates would have the following effects (dollars in millions): Increase Decrease Asset category Effect on total of service and interest cost $ — $ — Effect on postretirement benefit obligation — —
Schedule of projected benefit obligation and fair value of plan assets for the defined benefit plans with projected benefit obligations in excess of fair value of plan assets	The projected benefit obligation and fair value of plan assets for the defined benefit plans with projected benefit obligations in excess of plan assets as of December 31, 2017 and 2016 were as follows (dollars in millions): U.S. plans Non-U.S. plans 2017 2016 2017 2016 Projected benefit obligation in excess of plan assets Projected benefit obligation $ 1,153 $ 1,049 $ 1,213 $ 2,050 Fair value of plan assets 821 721 815 1,623
Schedule of defined benefit plans with an accumulated benefit obligation in excess of fair value of plan assets	The projected benefit obligation, accumulated benefit obligation and fair value of plan assets for the defined benefit plans with an accumulated benefit obligation in excess of plan assets as of December 31, 2017 and 2016 were as follows (dollars in millions): U.S. plans Non-U.S. plans 2017 2016 2017 2016 Accumulated benefit obligation in excess of plan assets Projected benefit obligation $ 1,153 $ 1,049 $ 1,026 $ 1,121 Accumulated benefit obligation 1,127 1,022 957 1,043 Fair value of plan assets 821 721 638 721
Schedule of expected future contributions and benefit payments	Expected future contributions and benefit payments related to continuing operations are as follows (dollars in millions): U.S. Plans Non-U.S. Plans Other Other Defined Postretirement Defined Postretirement Benefit Benefit Benefit Benefit Plans Plans Plans Plans 2018 expected employer contributions To plan trusts $ 51 $ 7 $ 38 $ — Expected benefit payments 2018 72 7 71 — 2019 61 7 71 — 2020 62 6 74 — 2021 62 6 78 — 2022 107 6 79 — 2023 - 2027 370 31 428 —
Schedule of plan assets measured at fair value on a recurring basis	The following plan assets are measured at fair value on a recurring basis (dollars in millions): Fair Value Amounts Using Quoted prices in active Significant other Significant December 31, markets for identical observable inputs unobservable inputs Asset category 2017 assets (Level 1) (Level 2) (Level 3) U.S. pension plans: Equities $ 440 $ 318 $ 122 $ — Fixed income 311 239 72 — Real estate/other 70 — — 70 Cash — — — — Total U.S. pension plan assets $ 821 $ 557 $ 194 $ 70 Non-U.S. pension plans: Equities $ 602 $ 230 $ 372 $ — Fixed income 739 477 262 — Real estate/other 508 104 349 55 Cash 34 33 1 — Total Non-U.S. pension plan assets $ 1,883 $ 844 $ 984 $ 55 Fair Value Amounts Using Quoted prices in active Significant other Significant December 31, Markets for identical Observable inputs Unobservable inputs Asset category 2016 assets (Level 1) (Level 2) (Level 3) U.S. pension plans: Equities $ 383 $ 272 $ 111 $ — Fixed income 274 210 64 — Real estate/other 64 — — 64 Cash — — — — Total U.S. pension plan assets $ 721 $ 482 $ 175 $ 64 Non-U.S. pension plans: Equities $ 594 $ 245 $ 349 $ — Fixed income 599 509 90 — Real estate/other 430 66 322 42 Cash 16 16 — — Total Non-U.S. pension plan assets $ 1,639 $ 836 $ 761 $ 42
Schedule of asset allocation for pension plans and the target allocation, by asset category	Target Allocation Allocation at December 31, Asset category 2018 2017 2016 U.S. pension plans: Equities 53 % 54 % 53 % Fixed income 39 % 38 % 38 % Real estate/other 8 % 8 % 9 % Cash — % — % — Total U.S. pension plans 100 % 100 % 100 % Non-U.S. pension plans: Equities 38 % 32 % 36 % Fixed income 37 % 39 % 37 % Real estate/other 24 % 27 % 26 % Cash 1 % 2 % 1 % Total non-U.S. pension plans 100 % 100 % 100 %
Real Estate/Other
EMPLOYEE BENEFIT PLANS
Schedule of reconciliation of the beginning and ending balances of plan assets measured at fair value using unobservable inputs (level 3)	The following table reconciles the beginning and ending balances of plan assets measured at fair value using unobservable inputs (Level 3) (dollars in millions): Real Estate/Other Year ended December 31, 2017 2016 Fair Value Measurements of Plan Assets Using Significant Unobservable Inputs (Level 3) Balance at beginning of period $ 106 $ 104 Return on pension plan assets 14 4 Purchases, sales and settlements 5 (2) Transfers into (out of) Level 3 — — Balance at end of period $ 125 $ 106
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
EMPLOYEE BENEFIT PLANS
Schedule of amounts recognized in accumulated other comprehensive loss	Defined Benefit Plans Other Postretirement Benefit Plans 2017 2016 2017 2016 U.S. Non-U.S. U.S. Non-U.S. U.S. Non-U.S. U.S. Non-U.S. Plans Plans Plans Plans Plans Plans Plans Plans Amounts recognized in accumulated other comprehensive loss: Net actuarial loss $ 420 $ 1,030 $ 408 $ 1,137 $ 30 $ — $ 45 $ 1 Prior service credit (15) (29) (17) (31) (45) — (51) (2) $ 405 $ 1,001 $ 391 $ 1,106 $ (15) $ — $ (6) $ (1)
Schedule of amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit cost during the next fiscal year	Other Postretirement Defined Benefit Plans Benefit Plans Non-U.S. Non-U.S. U.S. Plans Plans U.S. Plans Plans Actuarial loss $ 33 $ 41 $ 2 $ — Prior service credit (2) (5) (6) — Total $ 31 $ 36 $ (4) $ —
Components of the net periodic benefit costs	Defined Benefit Plans U.S. plans Non-U.S. plans 2017 2016 2015 2017 2016 2015 Service cost $ 30 $ 30 $ 32 $ 33 $ 29 $ 34 Interest cost 44 47 42 35 41 45 Expected return on plan assets (55) (54) (56) (100) (93) (93) Amortization of prior service credit (2) (5) (6) (5) (4) (1) Amortization of actuarial loss 30 25 32 48 34 37 Special termination benefits — — — 1 — 1 Net periodic benefit cost $ 47 $ 43 $ 44 $ 12 $ 7 $ 23 Other Postretirement Benefit Plans U.S. plans Non-U.S. plans 2017 2016 2015 2017 2016 2015 Service cost $ 3 $ 2 $ 4 $ — $ — $ — Interest cost 3 4 5 — — — Amortization of prior service credit (6) (7) (5) — — — Amortization of actuarial loss 3 2 3 — — — Net periodic benefit cost $ 3 $ 1 $ 7 $ — $ — $ —
Schedule of amounts recognized in net periodic benefit cost and other comprehensive (loss) income	Defined Benefit Plans U.S. plans Non-U.S. plans 2017 2016 2015 2017 2016 2015 Current year actuarial loss $ 42 $ 74 $ 2 $ (42) $ 235 $ 33 Amortization of actuarial loss (30) (25) (32) (68) (49) (51) Current year prior service credit — — — (2) — (32) Amortization of prior service credit 2 5 6 4 4 — Curtailment (gain)/loss — — — 3 — — Total recognized in other comprehensive income (loss) 14 54 (24) (105) 190 (50) Amounts related to discontinued operations 3 — 1 42 (61) (8) Total recognized in other comprehensive income (loss) in continuing operations 17 54 (23) (63) 129 (58) Net periodic benefit cost 47 43 44 12 7 23 Total recognized in net periodic benefit cost and other comprehensive income (loss) $ 64 $ 97 $ 21 $ (51) $ 136 $ (35) Other Postretirement Benefit Plans U.S. plans Non-U.S. plans 2017 2016 2015 2017 2016 2015 Current year actuarial loss (gain) $ (12) $ 9 $ (9) $ — $ — $ — Amortization of actuarial loss (3) (2) (3) (1) — — Current year prior service credit — — (40) — (2) — Amortization of prior service credit 6 7 5 2 — — Total recognized in other comprehensive income (loss) (9) 14 (47) 1 (2) — Amounts related to discontinued operations — (1) 1 (1) 3 — Total recognized in other comprehensive income (loss) in continuing operations (9) 13 (46) — 1 — Net periodic benefit cost 3 1 7 — — — Total recognized in net periodic benefit cost and other comprehensive income (loss) $ (6) $ 14 $ (39) $ — $ 1 $ —

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2017
Income Tax
Schedule of income tax expense (benefit)	The following is a summary of U.S. and non‑U.S. provisions for current and deferred income taxes (dollars in millions): Huntsman Corporation Year ended December 31, 2017 2016 2015 Income tax expense (benefit): U.S. Current $ 23 $ 50 $ 54 Deferred (95) (15) 17 Non-U.S. Current 94 55 26 Deferred 42 19 (37) Total $ 64 $ 109 $ 60
Schedule of reconciliation of the differences between the U.S. federal income taxes at the U.S. statutory rate to total provision for income taxes	The following schedule reconciles the differences between the U.S. federal income taxes at the U.S. statutory rate to our provision for income taxes (dollars in millions): Huntsman Corporation Year ended December 31, 2017 2016 2015 Income from continuing operations before income taxes $ 647 $ 474 $ 488 Expected tax expense at U.S. statutory rate of 35% $ 227 $ 166 $ 171 Change resulting from: State tax expense net of federal benefit (2) (1) (3) Non-U.S. tax rate differentials (64) (32) (2) Non-taxable portion of gain on sale of European surfactants business — (23) — U.S. Tax Reform Act impact (52) — — U.S. domestic manufacturing deduction — — (7) Currency exchange gains and losses 15 (5) (38) Effect of tax holidays — — (6) U.S. foreign tax credits, net of associated income and taxes — — (22) Tax benefit of losses with valuation allowances as a result of other comprehensive income — — (2) Tax authority audits and dispute resolutions 9 2 1 Change in valuation allowance (72) (38) (13) Other non-U.S. tax effects, including nondeductible expenses, tax effect of rate changes, transfer pricing adjustments and various withholding taxes 3 30 (20) Other U.S. tax effects, including nondeductible expenses and other credits — 10 1 Total income tax expense $ 64 $ 109 $ 60
Schedule of components of income (loss) from continuing operations before income taxes	The components of income (loss) from continuing operations before income taxes were as follows (dollars in millions): Huntsman Corporation Year ended December 31, 2017 2016 2015 U.S. $ (39) $ 91 $ 265 Non-U.S. 686 383 223 Total $ 647 $ 474 $ 488
Schedule of components of deferred income tax assets and liabilities	Components of deferred income tax assets and liabilities were as follows (dollars in millions): Huntsman Corporation December 31, 2017 2016 Deferred income tax assets: Net operating loss carryforwards $ 411 $ 539 Pension and other employee compensation 204 271 Property, plant and equipment 39 28 Intangible assets 93 99 Foreign tax credits — 5 Other, net 49 60 Total $ 796 $ 1,002 Deferred income tax liabilities: Property, plant and equipment $ (363) $ (489) Pension and other employee compensation (5) (1) Intangible assets (11) (9) Other, net (49) (125) Total $ (428) $ (624) Net deferred tax asset before valuation allowance $ 368 $ 378 Valuation allowance—net operating losses and other (424) (496) Net deferred tax liability $ (56) $ (118) Non-current deferred tax asset 208 253 Non-current deferred tax liability (264) (371) Net deferred tax liability $ (56) $ (118)
Schedule of changes in valuation allowance	The following is a summary of changes in the valuation allowance (dollars in millions): Huntsman Corporation 2017 2016 2015 Valuation allowance as of January 1 $ 496 $ 526 $ 518 Valuation allowance as of December 31 424 496 526 Net (increase) decrease 72 30 (8) Foreign currency movements 11 (11) (4) (Decrease) increase to deferred tax assets with no impact on operating tax expense, including an offsetting (decrease) increase to valuation allowances (11) 19 25 Change in valuation allowance per rate reconciliation $ 72 $ 38 $ 13 Components of change in valuation allowance affecting tax expense: Pre-tax income and losses in jurisdictions with valuation allowances resulting in no tax expense or benefit $ 50 $ 31 $ 31 Releases of valuation allowances in various jurisdictions 22 19 3 Establishments of valuation allowances in various jurisdictions — (12) (21) Change in valuation allowance per rate reconciliation $ 72 $ 38 $ 13
Schedule of reconciliation of unrecognized tax benefits	The following is a reconciliation of our unrecognized tax benefits (dollars in millions): 2017 2016 Unrecognized tax benefits as of January 1 $ 17 $ 37 Gross increases and decreases—tax positions taken during a prior period 3 1 Gross increases and decreases—tax positions taken during the current period 4 3 Decreases related to settlements of amounts due to tax authorities — (21) Reductions resulting from the lapse of statutes of limitation (2) (1) Foreign currency movements 1 (2) Unrecognized tax benefits as of December 31 $ 23 $ 17
Schedule of interest and penalties accrued related to unrecognized tax benefits included in the income tax expense	Year ended December 31, 2017 2016 2015 Interest expense included in tax expense $ — $ 1 $ — Penalties expense included in tax expense — — — December 31, 2017 2016 Accrued liability for interest $ 3 $ 3 Accrued liability for penalties — —
Summary of the tax years that remain subject to examination by major tax jurisdictions	Tax Jurisdiction Open Tax Years China 2012 and later France 2004 and later Germany 2011 and later India 2004 and later Italy 2013 and later Malaysia 2015 and later Switzerland 2011 and later The Netherlands 2015 and later United Kingdom 2016 and later United States federal 2009 and later
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Income Tax
Schedule of income tax expense (benefit)	Year ended December 31, 2017 2016 2015 Income tax expense (benefit): U.S. Current $ 16 $ 50 $ 52 Deferred (92) (16) 17 Non-U.S. Current 94 55 25 Deferred 43 19 (35) Total $ 61 $ 108 $ 59
Schedule of reconciliation of the differences between the U.S. federal income taxes at the U.S. statutory rate to total provision for income taxes	Year ended December 31, 2017 2016 2015 Income from continuing operations before income taxes $ 640 $ 475 $ 493 Expected tax expense at U.S. statutory rate of 35% $ 224 $ 165 $ 170 Change resulting from: State tax expense net of federal benefit (2) (1) (3) Non-U.S. tax rate differentials (64) (32) (2) Non-taxable portion of gain on sale of European surfactants business — (23) — U.S. Tax Reform Act impact (53) — — U.S. domestic manufacturing deduction — — (7) Currency exchange gains and losses 15 (5) (38) Effect of tax holidays — — (6) U.S. foreign tax credits, net of associated income and taxes — — (22) Tax benefit of losses with valuation allowances as a result of other comprehensive income — — (2) Tax authority audits and dispute resolutions 9 2 1 Change in valuation allowance (72) (39) (13) Other non-U.S. tax effects, including nondeductible expenses, tax effect of rate changes, transfer pricing adjustments and various withholding taxes 4 32 (18) Other U.S. tax effects, including nondeductible expenses and other credits — 9 (1) Total income tax expense $ 61 $ 108 $ 59
Schedule of components of income (loss) from continuing operations before income taxes	Year ended December 31, 2017 2016 2015 U.S. $ (46) $ 92 $ 268 Non-U.S. 686 383 225 Total $ 640 $ 475 $ 493
Schedule of components of deferred income tax assets and liabilities	December 31, 2017 2016 Deferred income tax assets: Net operating loss carryforwards $ 411 $ 542 Pension and other employee compensation 203 269 Property, plant and equipment 39 32 Intangible assets 93 99 Foreign tax credits — 5 Other, net 49 59 Total $ 795 $ 1,006 Deferred income tax liabilities: Property, plant and equipment $ (362) $ (486) Pension and other employee compensation (5) (1) Intangible assets (11) (9) Other, net (50) (125) Total $ (428) $ (621) Net deferred tax asset before valuation allowance $ 367 $ 385 Valuation allowance—net operating losses and other (424) (499) Net deferred tax liability $ (57) $ (114) Non-current deferred tax asset 208 253 Non-current deferred tax liability (265) (367) Net deferred tax liability $ (57) $ (114)
Schedule of changes in valuation allowance	2017 2016 2015 Valuation allowance as of January 1 $ 499 $ 530 $ 522 Valuation allowance as of December 31 424 499 530 Net (increase) decrease 75 31 (8) Foreign currency movements 11 (11) (4) (Decrease) increase to deferred tax assets with no impact on operating tax expense, including an offsetting (decrease) increase to valuation allowances (14) 19 25 Change in valuation allowance per rate reconciliation $ 72 $ 39 $ 13 Components of change in valuation allowance affecting tax expense: Pre-tax income and losses in jurisdictions with valuation allowances resulting in no tax expense or benefit $ 49 $ 32 $ 31 Releases of valuation allowances in various jurisdictions 23 19 3 Establishments of valuation allowances in various jurisdictions — (12) (21) Change in valuation allowance per rate reconciliation $ 72 $ 39 $ 13

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2017
COMMITMENTS AND CONTINGENCIES
Schedule of total purchase commitments	Total purchase commitments as of December 31, 2017 are as follows (dollars in millions): Year ending December 31, 2018 $ 1,299 2019 1,285 2020 701 2021 499 2022 495 Thereafter 2,087 $ 6,366
Schedule of future minimum lease payments under operating leases	Future minimum lease payments under operating leases as of December 31, 2017 are as follows (dollars in millions): Year ending December 31, 2018 $ 74 2019 67 2020 60 2021 54 2022 49 Thereafter 134 $ 438

HUNTSMAN CORPORATION STOCKHOL54

HUNTSMAN CORPORATION STOCKHOLDERS' EQUITY (Tables)	12 Months Ended
	Dec. 31, 2017
HUNTSMAN CORPORATION STOCKHOLDERS’ EQUITY
Schedule of dividends on common stock	The following tables represent dividends on common stock for our Company for the years ended December 31, 2017 and 2016 (dollars in millions, except per share payment amounts): 2017 Approximate Per share amount Quarter ended payment amount paid March 31, 2017 $ 0.125 $ 30 June 30, 2017 0.125 30 September 30, 2017 0.125 30 December 31, 2017 0.125 30 2016 Approximate Per share amount Quarter ended payment amount paid March 31, 2016 $ 0.125 $ 30 June 30, 2016 0.125 30 September 30, 2016 0.125 30 December 31, 2016 0.125 30

STOCK-BASED COMPENSATION PLAN (

STOCK-BASED COMPENSATION PLAN (Tables)	12 Months Ended
	Dec. 31, 2017
STOCK-BASED COMPENSATION PLAN
Schedule of compensation cost from continuing operations under the 2016 Stock Incentive Plan and the Prior Plan	The compensation cost from continuing operations under the 2016 Stock Incentive Plan and the Prior Plan for our Company and Huntsman International were as follows (dollars in millions): Year ended December 31, 2017 2016 2015 Huntsman Corporation compensation cost $ 36 $ 32 $ 29 Huntsman International compensation cost 35 31 28
Schedule of assumptions used to calculate fair value of each stock option award estimated on the date of grant using the Black-Scholes valuation model	Year ended December 31, 2017 2016 2015 Dividend yield % % % Expected volatility % % % Risk-free interest rate % % % Expected life of stock options granted during the period 5.9 years 5.9 years 5.9 years
Summary of stock option activity under the 2016 Stock Incentive Plan and the Prior Plan	Weighted Weighted Average Average Remaining Aggregate Exercise Contractual Intrinsic Option Awards Shares Price Term Value (in thousands) (years) (in millions) Outstanding at January 1, 2017 11,245 $ 13.37 Granted 997 21.04 Exercised (3,772) 13.90 Forfeited (65) 17.67 Converted to Venator awards (417) 5.00 Outstanding at December 31, 2017 7,988 13.99 6.0 $ 154 Exercisable at December 31, 2017 5,403 14.05 4.9 104
Summary of status of nonvested shares	Equity Awards Liability Awards Weighted Weighted Average Average Grant- Date Grant-Date Shares Fair Value Shares Fair Value (in thousands) (in thousands) Nonvested at January 1, 2017 2,996 $ 13.36 912 $ 12.27 Granted 779 22.60 285 21.01 Vested (1,052) (1) 16.11 (372) 14.11 Forfeited (29) 15.61 (36) 12.22 Converted to Venator awards (237) 11.81 (93) 13.72 Nonvested at December 31, 2017 2,457 14.93 696 14.69 (1) As of December 31, 2017, a total of 460,750 restricted stock units were vested but not yet issued, of which 25,704 vested during 2017. These shares have not been reflected as vested shares in this table because, in accordance with the restricted stock unit agreements, shares of common stock are not issued for vested restricted stock units until termination of employment.

OTHER COMPREHENSIVE INCOME (L56

OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	12 Months Ended
	Dec. 31, 2017
OTHER COMPREHENSIVE INCOME (LOSS)
Schedule of other comprehensive loss	Other comprehensive loss consisted of the following (dollars in millions): Huntsman Corporation Pension and Other Foreign other comprehensive Amounts Amounts currency postretirement income of attributable to attributable to translation benefits unconsolidated noncontrolling Huntsman adjustment(a) adjustments(b) affiliates Other, net Total interests Corporation Beginning balance, January 1, 2017 $ (459) $ (1,275) $ 4 $ 23 $ (1,707) $ 36 $ (1,671) Other comprehensive income before reclassifications, gross 175 11 (1) 9 194 (22) 172 Tax benefit 35 9 — 2 46 — 46 Amounts reclassified from accumulated other comprehensive loss, gross(c) — 80 — (10) 70 — 70 Tax expense — (14) — — (14) — (14) Net current-period other comprehensive income (loss) 210 86 (1) 1 296 (22) 274 Disposition of a portion of P&A Business — — — — — 129 129 Ending balance, December 31, 2017 $ (249) $ (1,189) $ 3 $ 24 $ (1,411) $ 143 $ (1,268) (a) Amounts are net of tax of $65 and $100 as of December 31, 2017 and January 1, 2017, respectively. (b) Amounts are net of tax of $172 and $177 as of December 31, 2017 and January 1, 2017, respectively. (c) See table below for details about these reclassifications. Pension and Other Foreign other comprehensive Amounts Amounts currency postretirement income of attributable to attributable to translation benefits unconsolidated noncontrolling Huntsman adjustment(a) adjustments(b) affiliates Other, net Total interests Corporation Beginning balance, January 1, 2016 $ (288) $ (1,056) $ 11 $ 17 $ (1,316) $ 28 $ (1,288) Other comprehensive (loss) income before reclassifications, gross (162) (315) (7) 5 (479) 8 (471) Tax benefit (10) 58 — 1 49 — 49 Amounts reclassified from accumulated other comprehensive loss, gross(c) 1 53 — — 54 — 54 Tax expense — (15) — — (15) — (15) Net current-period other comprehensive (loss) income (171) (219) (7) 6 (391) 8 (383) Ending balance, December 31, 2016 $ (459) $ (1,275) $ 4 $ 23 $ (1,707) $ 36 $ (1,671) (a) Amounts are net of tax of $100 and $90 as of December 31, 2016 and January 1, 2016, respectively. (b) Amounts are net of tax of $177 and $135 as of December 31, 2016 and January 1, 2016, respectively. (c) See table below for details about these reclassifications.
Schedule of details about reclassifications from other comprehensive loss	Year ended December 31, 2017 2016 2015 Amount reclassified Amount reclassified Amount reclassified Affected line item in from accumulated from accumulated from accumulated the statement Details about Accumulated Other other other other where net income Comprehensive Loss Components(a): comprehensive loss comprehensive loss comprehensive loss is presented Amortization of pension and other postretirement benefits: Prior service credit $ 15 $ 16 $ 10 (b) Actuarial loss (95) (69) (79) (b)(c) (80) (53) (69) Total before tax 14 15 14 Income tax expense Total reclassifications for the period $ (66) $ (38) $ (55) Net of tax (a) (b) (c)
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
OTHER COMPREHENSIVE INCOME (LOSS)
Schedule of other comprehensive loss	Huntsman International Foreign Pension Other Other, net Total Amounts Amounts Beginning balance, January 1, 2017 $ (462) $ (1,286) $ 4 $ 17 $ (1,727) $ 36 $ (1,691) Other comprehensive income before reclassifications, gross 175 12 (1) 8 194 (22) 172 Tax benefit 35 9 — 2 46 — 46 Amounts reclassified from accumulated other comprehensive loss, gross(c) — 86 — (10) 76 — 76 Contribution of other comprehensive income from Parent — 20 — — 20 — 20 Tax expense — (15) — — (15) — (15) Net current-period other comprehensive income (loss) 210 112 (1) — 321 (22) 299 Disposition of a portion of P&A Business — — — — — 129 129 Ending balance, December 31, 2017 $ (252) $ (1,174) $ 3 $ 17 $ (1,406) $ 143 $ (1,263) (a) Amounts are net of tax of $51 and $86 as of December 31, 2017 and January 1, 2017, respectively. (b) Amounts are net of tax of $199 and $205 as of December 31, 2017 and January 1, 2017, respectively. (c) See table below for details about these reclassifications. Foreign Pension Other Other, net Total Amounts Amounts Beginning balance, January 1, 2016 $ (292) $ (1,074) $ 11 $ 11 $ (1,344) $ 28 $ (1,316) Other comprehensive (loss) income before reclassifications, gross (161) (315) (7) 5 (478) 8 (470) Tax benefit (10) 58 — 1 49 — 49 Amounts reclassified from accumulated other comprehensive loss, gross(c) 1 61 — — 62 — 62 Tax expense — (16) — — (16) — (16) Net current-period other comprehensive income (loss) (170) (212) (7) 6 (383) 8 (375) Ending balance, December 31, 2016 $ (462) $ (1,286) $ 4 $ 17 $ (1,727) $ 36 $ (1,691) (a) Amounts are net of tax of $86 and $76 as of December 31, 2016 and January 1, 2016, respectively. (b) Amounts are net of tax of $205 and $163 as of December 31, 2016 and January 1, 2016, respectively. (c) See table below for details about these reclassifications.
Schedule of details about reclassifications from other comprehensive loss	Year ended December 31, 2017 2016 2015 Amount Amount Amount reclassified reclassified reclassified Affected from from from line item in accumulated accumulated accumulated the statement other other other where Details about Accumulated Other comprehensive comprehensive comprehensive net income is Comprehensive Loss Components(a): loss loss loss presented Amortization of pension and other postretirement benefits: Prior service credit $ 15 $ 16 $ 10 (b) Actuarial loss (101) (77) (87) (b)(c) (86) (61) (77) Total before tax 15 16 15 Income tax expense Total reclassifications for the period $ (71) $ (45) $ (62) Net of tax (a) Pension and other postretirement benefits amounts in parentheses indicate credits on our consolidated statements of operations. (b) These accumulated other comprehensive loss components are included in the computation of net periodic pension costs. See “Note 16. Employee Benefit Plans.” (c) Amounts contain approximately $24 million and $18 million and $20 million of prior service credit and actuarial loss related to discontinued operations for the years ended December 31, 2017, 2016 and 2015, respectively.

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2017
RELATED PARTY TRANSACTIONS
Schedule of transactions with affiliates	Our consolidated financial statements include the following transactions with our affiliates not otherwise disclosed (dollars in millions): Year ended December 31, 2017 2016 2015 Sales to: Unconsolidated affiliates $ 150 $ 131 $ 131 Inventory purchases from: Unconsolidated affiliates 280 243 325

OPERATING SEGMENT INFORMATION (

OPERATING SEGMENT INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2017
OPERATING SEGMENT INFORMATION
Schedule of major products by reportable operating segment	Segment Products Polyurethanes MDI, PO, polyols, PG, TPU, aniline and MTBE Performance Products Amines, surfactants, LAB, maleic anhydride, other performance chemicals, EG, olefins and technology licenses Advanced Materials Technologically advanced epoxy, acrylic and polyurethane-based polymers formulations; high performance thermoset resins and curing agents; base liquid and solid resins Textile Effects Textile chemicals, dyes and digital inks
Schedule of revenues and EBITDA for each of the entity's reportable operating segments and reconciliation of adjusted EBITDA to net income	- The revenues and adjusted EBITDA for each of our reportable operating segments are as follows (dollars in millions): Year ended December 31, 2017 2016 2015 Revenues: Polyurethanes $ 4,399 $ 3,667 $ 3,811 Performance Products 2,109 2,126 2,501 Advanced Materials 1,040 1,020 1,103 Textile Effects 776 751 804 Corporate and eliminations 34 (46) (80) Total $ 8,358 $ 7,518 $ 8,139 Huntsman Corporation: Segment adjusted EBITDA(1): Polyurethanes $ 850 $ 569 $ 573 Performance Products 296 316 460 Advanced Materials 219 223 220 Textile Effects 83 73 63 Corporate and other(2) (189) (184) (156) Total 1,259 997 1,160 Reconciliation of adjusted EBITDA to net income: Interest expense—continuing operations (165) (203) (205) Interest (expense) income—discontinued operations (19) 1 — Income tax expense—continuing operations (64) (109) (60) Income tax (expense) benefit—discontinued operations (67) 24 16 Depreciation and amortization—continuing operations (319) (318) (298) Depreciation and amortization—discontinued operations (68) (114) (101) Net income attributable to noncontrolling interests 105 31 33 Other adjustments: Business acquisition and integration expenses (19) (12) (9) Merger costs (28) — — EBITDA from discontinued operations 312 81 (217) Minority interest of discontinued operations (49) (11) (7) Loss on early extinguishment of debt (54) (3) (31) Certain legal settlements and related income (expenses) 11 (1) (1) Gain (loss) on sale of assets 9 97 (1) Amortization of pension and postretirement actuarial losses (73) (55) (66) Plant incident remediation costs (16) — — U.S. Tax Reform Act impact on minority interest 6 — — Restructuring, impairment and plant closing and transition costs (20) (48) (87) Net income $ 741 $ 357 $ 126 Year ended December 31, 2017 2016 2015 Depreciation and Amortization: Polyurethanes $ 116 $ 114 $ 100 Performance Products 137 132 119 Advanced Materials 33 35 38 Textile Effects 14 15 17 Corporate and other 19 22 24 Total $ 319 $ 318 $ 298 Year ended December 31, 2017 2016 2015 Capital Expenditures: Polyurethanes $ 162 $ 143 $ 181 Performance Products 79 131 205 Advanced Materials 21 16 25 Textile Effects 16 19 24 Corporate and other 4 9 26 Total $ 282 $ 318 $ 461 December 31, 2017 2016 2015 Total Assets: Polyurethanes $ 3,112 $ 2,677 $ 2,779 Performance Products 2,069 2,046 2,264 Advanced Materials 796 728 822 Textile Effects 564 523 562 Corporate and other 823 975 904 Total $ 7,364 $ 6,949 $ 7,331 (1) We use segment adjusted EBITDA as the measure of each segment’s profit or loss. We believe that segment adjusted EBITDA more accurately reflects what management uses to make decisions about resources to be allocated to the segments and assess their financial performance. Segment adjusted EBITDA is defined as net income of Huntsman Corporation or Huntsman International, as appropriate, before interest, income tax, depreciation and amortization, net income attributable to noncontrolling interests and certain Corporate and other items, as well as eliminating the following adjustments: (a) business acquisition and integration expenses; (b) merger costs; (c) EBITDA from discontinued operations; (d) minority interest of discontinued operations; (e) loss on early extinguishment of debt; (f) certain legal settlements and related income (expenses); (g) gain (loss) on sale of assets; (h) amortization of pension and postretirement actuarial losses; (i) plant incident remediation costs; (j) U.S. Tax Reform Act impact on minority interest; and (k) restructuring, impairment, plant closing and transition costs. (2) Corporate and other includes unallocated corporate overhead, unallocated foreign exchange gains and losses, LIFO inventory valuation reserve adjustments, nonoperating income and expense, benzene sales and gains and losses on the disposition of corporate assets. .
Schedule of revenues and long-lived assets by geographical area	Year ended December 31, 2017 2016 2015 By Geographic Area Revenues(1): United States $ 2,729 $ 2,514 $ 2,727 China 1,147 908 1,013 Germany 508 466 479 Mexico 481 433 455 Other nations 3,493 3,197 3,465 Total $ 8,358 $ 7,518 $ 8,139 December 31, 2017 2016 2015 Long-lived assets(2): Huntsman Corporation United States $ 1,597 $ 1,570 $ 1,677 The Netherlands 343 294 304 China 268 235 208 Saudi Arabia 172 185 196 Germany 163 136 147 Switzerland 112 110 120 Singapore 100 110 76 Other nations 343 394 442 Total $ 3,098 $ 3,034 $ 3,170 Huntsman International United States $ 1,594 $ 1,548 $ 1,641 The Netherlands 343 294 304 China 268 235 208 Saudi Arabia 172 185 196 Germany 163 136 147 Switzerland 112 110 120 Singapore 100 110 76 Other nations 343 394 442 Total $ 3,095 $ 3,012 $ 3,134 (1) Geographic information for revenues is based upon countries into which product is sold. (2) Long‑lived assets consist of property, plant and equipment, net.
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
OPERATING SEGMENT INFORMATION
Schedule of revenues and EBITDA for each of the entity's reportable operating segments and reconciliation of adjusted EBITDA to net income	Year ended December 31, 2017 2016 2015 Huntsman International: Segment adjusted EBITDA(1): Polyurethanes $ 850 $ 569 $ 573 Performance Products 296 316 460 Advanced Materials 219 223 220 Textile Effects 83 73 63 Corporate and other(2) (185) (180) (151) Total 1,263 1,001 1,165 Reconciliation of adjusted EBITDA to net income: Interest expense—continuing operations (181) (215) (214) Interest (expense) income—discontinued operations (19) 1 — Income tax expense—continuing operations (61) (108) (59) Income tax (expense) benefit—discontinued operations (67) 24 16 Depreciation and amortization—continuing operations (311) (306) (286) Depreciation and amortization—discontinued operations (68) (114) (101) Net income attributable to noncontrolling interests 105 31 33 Other adjustments: Business acquisition and integration expenses (19) (12) (9) Merger costs (28) — — EBITDA from discontinued operations 309 76 (223) Minority interest of discontinued operations (49) (11) (7) Loss on early extinguishment of debt (54) (3) (31) Certain legal settlements and related income (expenses) 11 (1) (1) Gain (loss) on sale of assets 9 97 (1) Amortization of pension and postretirement actuarial losses (76) (58) (68) Plant incident remediation costs (16) — — U.S. Tax Reform Act impact on minority interest 6 — — Restructuring, impairment and plant closing and transition costs (20) (48) (87) Net income $ 734 $ 354 $ 127 Year ended December 31, 2017 2016 2015 Depreciation and Amortization: Polyurethanes $ 116 $ 114 $ 100 Performance Products 137 132 119 Advanced Materials 33 35 38 Textile Effects 14 15 17 Corporate and other 11 10 12 Total $ 311 $ 306 $ 286 Year ended December 31, 2017 2016 2015 Capital Expenditures: Polyurethanes $ 162 $ 143 $ 181 Performance Products 79 131 205 Advanced Materials 21 16 25 Textile Effects 16 19 24 Corporate and other 4 9 26 Total $ 282 $ 318 $ 461 December 31, 2017 2016 2015 Total Assets: Polyurethanes $ 3,109 $ 2,665 $ 2,760 Performance Products 2,069 2,045 2,262 Advanced Materials 796 728 822 Textile Effects 564 523 562 Corporate and other 1,167 1,274 1,193 Total $ 7,705 $ 7,235 $ 7,599 (1) We use segment adjusted EBITDA as the measure of each segment’s profit or loss. We believe that segment adjusted EBITDA more accurately reflects what management uses to make decisions about resources to be allocated to the segments and assess their financial performance. Segment adjusted EBITDA is defined as net income of Huntsman Corporation or Huntsman International, as appropriate, before interest, income tax, depreciation and amortization, net income attributable to noncontrolling interests and certain Corporate and other items, as well as eliminating the following adjustments: (a) business acquisition and integration expenses; (b) merger costs; (c) EBITDA from discontinued operations; (d) minority interest of discontinued operations; (e) loss on early extinguishment of debt; (f) certain legal settlements and related income (expenses); (g) gain (loss) on sale of assets; (h) amortization of pension and postretirement actuarial losses; (i) plant incident remediation costs; (j) U.S. Tax Reform Act impact on minority interest; and (k) restructuring, impairment, plant closing and transition costs. (2) Corporate and other includes unallocated corporate overhead, unallocated foreign exchange gains and losses, LIFO inventory valuation reserve adjustments, nonoperating income and expense, benzene sales and gains and losses on the disposition of corporate assets.

CONDENSED CONSOLIDATING FINAN59

CONDENSED CONSOLIDATING FINANCIAL INFORMATION - HUNTSMAN INTERNATIONAL (Tables) - HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES	12 Months Ended
	Dec. 31, 2017
CONDENSED CONSOLIDATING FINANCIAL INFORMATION - HUNTSMAN INTERNATIONAL
CONDENSED CONSOLIDATING BALANCE SHEETS	HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS AS OF DECEMBER 31, 2017 (In Millions) Consolidated Parent Huntsman Company Guarantors Nonguarantors Eliminations International LLC ASSETS Current assets: Cash and cash equivalents $ 74 $ — $ 394 $ — $ 468 Restricted cash — — 11 — 11 Accounts and notes receivable, net 36 94 1,120 5 1,255 Accounts receivable from affiliates 983 4,130 391 (5,131) 373 Inventories 101 210 767 (5) 1,073 Prepaid expenses 21 10 39 (11) 59 Other current assets 783 3 170 (752) 204 Current assets held for sale — — 2,880 — 2,880 Total current assets 1,998 4,447 5,772 (5,894) 6,323 Property, plant and equipment, net 461 1,119 1,515 — 3,095 Investment in unconsolidated affiliates 6,364 2,268 266 (8,632) 266 Intangible assets, net 25 — 31 — 56 Goodwill (14) 82 72 — 140 Deferred income taxes 323 — 208 (323) 208 Notes receivable from affiliates 72 569 — (641) — Other noncurrent assets 52 189 257 (1) 497 Total assets $ 9,281 $ 8,674 $ 8,121 $ (15,491) $ 10,585 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 74 $ 214 $ 652 $ 6 $ 946 Accounts payable to affiliates 4,019 485 697 (5,131) 70 Accrued liabilities 89 826 413 (762) 566 Note payable to affiliate 100 — — — 100 Current portion of debt 17 — 23 — 40 Current liabilities held for sale — — 1,692 — 1,692 Total current liabilities 4,299 1,525 3,477 (5,887) 3,414 Long-term debt 1,927 — 331 — 2,258 Notes payable to affiliates 742 — 642 (642) 742 Deferred income taxes 12 179 33 41 265 Other noncurrent liabilities 218 278 576 — 1,072 Total liabilities 7,198 1,982 5,059 (6,488) 7,751 Equity Huntsman International LLC members’ equity Members’ equity 3,616 2,216 3,641 (5,857) 3,616 Accumulated (deficit) retained earnings (270) 2,749 (116) (2,633) (270) Accumulated other comprehensive (loss) income (1,263) 1,727 (1,211) (516) (1,263) Total Huntsman International LLC members’ equity 2,083 6,692 2,314 (9,006) 2,083 Noncontrolling interests in subsidiaries — — 748 3 751 Total equity 2,083 6,692 3,062 (9,003) 2,834 Total liabilities and equity $ 9,281 $ 8,674 $ 8,121 $ (15,491) $ 10,585 HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS AS OF DECEMBER 31, 2016 (In Millions) Consolidated Parent Huntsman Company Guarantors Nonguarantors Eliminations International LLC ASSETS Current assets: Cash and cash equivalents $ 37 $ — $ 347 $ — $ 384 Restricted cash — — 11 — 11 Accounts and notes receivable, net 22 88 1,053 5 1,168 Accounts receivable from affiliates 1,351 4,589 149 (5,760) 329 Inventories 85 183 652 (2) 918 Prepaid expenses 68 46 36 (101) 49 Other current assets 820 3 129 (725) 227 Current assets held for sale — — 777 — 777 Total current assets 2,383 4,909 3,154 (6,583) 3,863 Property, plant and equipment, net 463 1,163 1,385 1 3,012 Investment in unconsolidated affiliates 5,870 1,458 245 (7,325) 248 Intangible assets, net 28 — 15 — 43 Goodwill (12) 82 51 — 121 Deferred income taxes 515 — 265 (527) 253 Notes receivable from affiliates 37 620 — (657) — Other noncurrent assets 74 188 210 — 472 Noncurrent assets held for sale — — 1,463 — 1,463 Total assets $ 9,358 $ 8,420 $ 6,788 $ (15,091) $ 9,475 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 63 $ 152 $ 553 $ 5 $ 773 Accounts payable to affiliates 3,667 645 1,499 (5,760) 51 Accrued liabilities 87 787 420 (826) 468 Note payable to affiliate 100 — — — 100 Current portion of debt 30 — 20 — 50 Current liabilities held for sale — — 467 — 467 Total current liabilities 3,947 1,584 2,959 (6,581) 1,909 Long-term debt 3,763 — 359 — 4,122 Notes payable to affiliates 696 — 658 (657) 697 Deferred income taxes 22 257 19 69 367 Other noncurrent liabilities 174 300 577 — 1,051 Noncurrent liabilities held for sale — — 393 — 393 Total liabilities 8,602 2,141 4,965 (7,169) 8,539 Equity Huntsman International LLC members’ equity Members’ equity 3,226 2,949 5,019 (7,968) 3,226 Accumulated (deficit) retained earnings (779) 2,332 (1,713) (619) (779) Accumulated other comprehensive (loss) income (1,691) 998 (1,652) 654 (1,691) Total Huntsman International LLC members' equity 756 6,279 1,654 (7,933) 756 Noncontrolling interests in subsidiaries — — 169 11 180 Total equity 756 6,279 1,823 (7,922) 936 Total liabilities and equity $ 9,358 $ 8,420 $ 6,788 $ (15,091) $ 9,475
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME	HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME YEAR ENDED DECEMBER 31, 2017 (In Millions) Consolidated Huntsman Parent International Company Guarantors Nonguarantors Eliminations LLC Revenues: Trade sales, services and fees, net $ 1,116 $ 2,028 $ 5,064 $ — $ 8,208 Related party sales 230 329 1,051 (1,460) 150 Total revenues 1,346 2,357 6,115 (1,460) 8,358 Cost of goods sold 1,050 2,069 4,880 (1,456) 6,543 Gross profit 296 288 1,235 (4) 1,815 Selling, general and administrative 171 132 490 — 793 Research and development 50 43 45 — 138 Restructuring, impairment and plant closing costs 8 — 12 — 20 Merger costs 28 — — — 28 Other operating expense (income), net 30 (37) (16) — (23) Operating income 9 150 704 (4) 859 Interest (expense) income (179) 27 (29) — (181) Equity in income of investment in affiliates and subsidiaries 614 641 15 (1,257) 13 Loss on early extinguishment of debt (54) — — — (54) Dividend income 473 — — (473) — Other income, net 1 — 2 — 3 Income from continuing operations before income taxes 864 818 692 (1,734) 640 Income tax (expense) benefit (192) 59 (161) 233 (61) Income from continuing operations 672 877 531 (1,501) 579 (Loss) income from discontinued operations, net of tax (43) (4) 202 — 155 Net income 629 873 733 (1,501) 734 Net income attributable to noncontrolling interests — — (111) 6 (105) Net income attributable to Huntsman International LLC $ 629 $ 873 $ 622 $ (1,495) $ 629 Net income $ 629 $ 873 $ 733 $ (1,501) $ 734 Other comprehensive income 428 728 336 (1,171) 321 Comprehensive income attributable to noncontrolling interests — — (130) 3 (127) Comprehensive income attributable to Huntsman International LLC $ 1,057 $ 1,601 $ 939 $ (2,669) $ 928 HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME YEAR ENDED DECEMBER 31, 2016 (In Millions) Consolidated Huntsman Parent International Company Guarantors Nonguarantors Eliminations LLC Revenues: Trade sales, services and fees, net $ 1,048 $ 1,862 $ 4,477 $ — $ 7,387 Related party sales 201 286 946 (1,302) 131 Total revenues 1,249 2,148 5,423 (1,302) 7,518 Cost of goods sold 984 1,823 4,486 (1,305) 5,988 Gross profit 265 325 937 3 1,530 Selling, general and administrative 156 111 497 — 764 Research and development 48 42 47 — 137 Restructuring, impairment and plant closing costs 6 16 25 — 47 Other operating income, net (24) (31) (46) — (101) Operating income 79 187 414 3 683 Interest (expense) income (218) 31 (28) — (215) Equity in income of investment in affiliates and subsidiaries 183 320 6 (504) 5 (Loss) income on early extinguishment of debt (4) — 1 — (3) Dividends received (paid) 217 (430) 430 (217) — Other income, net — — 5 — 5 Income from continuing operations before income taxes 257 108 828 (718) 475 Income tax benefit (expense) 76 (78) (78) (28) (108) Income from continuing operations 333 30 750 (746) 367 (Loss) income from discontinued operations, net of tax (10) (2) (1) — (13) Net income 323 28 749 (746) 354 Net income attributable to noncontrolling interests — — (28) (3) (31) Net income attributable to Huntsman International LLC $ 323 $ 28 $ 721 $ (749) $ 323 Net income $ 323 $ 28 $ 749 $ (746) $ 354 Other comprehensive loss (374) (365) (347) 703 (383) Comprehensive income attributable to noncontrolling interests — — (11) (12) (23) Comprehensive (loss) income attributable to Huntsman International LLC $ (51) $ (337) $ 391 $ (55) $ (52) HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME YEAR ENDED DECEMBER 31, 2015 (In Millions) Consolidated Huntsman Parent International Company Guarantors Nonguarantors Eliminations LLC Revenues: Trade sales, services and fees, net $ 1,054 $ 2,121 $ 4,833 $ — $ 8,008 Related party sales 238 365 969 (1,441) 131 Total revenues 1,292 2,486 5,802 (1,441) 8,139 Cost of goods sold 1,026 1,925 4,889 (1,439) 6,401 Gross profit 266 561 913 (2) 1,738 Selling, general and administrative 172 113 501 — 786 Research and development 54 44 45 — 143 Restructuring, impairment and plant closing costs 7 5 71 — 83 Other operating (income) expense, net (27) (25) 53 — 1 Operating income 60 424 243 (2) 725 Interest (expense) income (220) 33 (27) — (214) Equity in income (loss) of investment in affiliates and subsidiaries 169 (58) 7 (112) 6 Loss on early extinguishment of debt (31) — — — (31) Other income, net 2 — 7 (2) 7 (Loss) income from continuing operations before income taxes (20) 399 230 (116) 493 Income tax benefit (expense) 113 (125) 13 (60) (59) Income from continuing operations 93 274 243 (176) 434 Income (loss) from discontinued operations, net of tax 1 (2) (306) — (307) Net income (loss) 94 272 (63) (176) 127 Net income attributable to noncontrolling interests — — (28) (5) (33) Net income (loss) attributable to Huntsman International LLC $ 94 $ 272 $ (91) $ (181) $ 94 Net income (loss) $ 94 $ 272 $ (63) $ (176) $ 127 Other comprehensive loss (229) (37) (246) 278 (234) Comprehensive income attributable to noncontrolling interests — — (13) (15) (28) Comprehensive (loss) income attributable to Huntsman International LLC $ (135) $ 235 $ (322) $ 87 $ (135)
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS	HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS YEAR ENDED DECEMBER 31, 2017 (In Millions) Consolidated Parent Huntsman Company Guarantors Nonguarantors Eliminations International LLC Net cash provided by (used in) operating activities from continuing operations $ 859 $ 587 $ (137) $ (473) $ 836 Net cash (used in) provided by operating activities from discontinued operations (19) (2) 393 — 372 Net cash provided by (used in) operating activities 840 585 256 (473) 1,208 Investing activities: Capital expenditures (49) (69) (164) — (282) Cash received from (paid for) consolidated affiliates 870 (2) (276) (592) — Acquisition of business, net of cash acquired — — (14) — (14) Proceeds from sale of businesses/assets — — 25 — 25 Increase in receivable from affiliate (15) — — — (15) Cash received from termination of cross-currency interest rate contracts 7 — — — 7 Net cash provided by (used in) investing activities from continuing operations 813 (71) (429) (592) (279) Net cash used in investing activities from discontinued operations — — (159) — (159) Net cash provided by (used in) investing activities 813 (71) (588) (592) (438) Financing activities: Net repayments under revolving loan facilities — — (41) — (41) Net borrowings on overdraft facilities — — 1 — 1 Repayments of short-term debt — — (15) — (15) Borrowings on short-term debt — — 8 — 8 Repayments of long-term debt (2,026) — (32) — (2,058) Proceeds from long-term debt of P&A Business — — 750 — 750 Proceeds from issuance of long-term debt — — 24 — 24 Proceeds from issuance of notes payable from affiliate 47 — — — 47 Repayments of notes payable (27) — — — (27) Borrowings on notes payable 31 — — — 31 Debt issuance costs paid (3) — (18) — (21) Dividends paid to noncontrolling interests — — (34) — (34) Contribution from noncontrolling interests — — 5 — 5 Distribution to parent — (511) (81) 592 — Dividends paid to parent (120) (1) (472) 473 (120) Proceeds from the IPO and secondary offering of P&A Business 522 — 490 — 1,012 Cash paid for expenses of the IPO and secondary offering of P&A Business (40) — (18) — (58) Other, net — (2) 3 — 1 Net cash (used in) provided by financing activities (1,616) (514) 570 1,065 (495) Effect of exchange rate changes on cash — — 18 — 18 Increase in cash and cash equivalents 37 — 256 — 293 Cash and cash equivalents from continuing operations at beginning of period 37 — 347 — 384 Cash and cash equivalents from discontinued operations at beginning of period — — 29 — 29 Cash and cash equivalents at end of period $ 74 $ — $ 632 $ — $ 706 During the year ended December 31, 2017, we made a noncash capital contribution of approximately $50 million between Parent Company and Guarantor entities. HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS YEAR ENDED DECEMBER 31, 2016 (In Millions) Consolidated Parent Huntsman Company Guarantors Nonguarantors Eliminations International LLC Net cash provided by operating activities from continuing operations $ 457 $ 120 $ 391 $ — $ 968 Net cash (used in) provided by operating activities from discontinued operations (11) — 121 — 110 Net cash provided by operating activities 446 120 512 — 1,078 Investing activities: Capital expenditures (42) (92) (184) — (318) Cash received from consolidated affiliates 203 — — (203) — Investment in affiliate — (3) — 3 — Investment in unconsolidated affiliate — — (1) — (1) Proceeds from sale of businesses/assets 12 — 187 — 199 Decrease in receivable in affiliate 6 — 6 (6) 6 Change in restricted cash — — 1 — 1 Other, net — — 1 — 1 Net cash provided by (used in) investing activities from continuing operations 179 (95) 10 (206) (112) Net cash used in investing activities from discontinued operations — — (83) — (83) Net cash provided by (used in) investing activities 179 (95) (73) (206) (195) Financing activities: Net repayments on overdraft facilities $ — $ — $ (1) $ — $ (1) Repayments of short-term debt — — (56) — (56) Borrowings on short-term debt — — 10 — 10 Repayments of long-term debt (1,039) — (31) — (1,070) Proceeds from issuance of long-term debt 543 — 16 — 559 Repayments of notes payable to affiliate (7) — — 6 (1) Repayments of notes payable (31) — (2) — (33) Borrowings on notes payable 29 — 2 — 31 Debt issuance costs paid (9) — — — (9) Call premiums related to early extinguishment of debt (1) — — — (1) Dividends paid to noncontrolling interests — — (45) 15 (30) Contribution from parent — 3 11 (14) — Distribution to parent — (27) (171) 198 — Dividends paid to parent (119) (1) — 1 (119) Other, net 2 — (3) — (1) Net cash used in financing activities (632) (25) (270) 206 (721) Effect of exchange rate changes on cash from continuing operations — — (6) — (6) (Decrease) increase in cash and cash equivalents (7) — 163 — 156 Cash and cash equivalents from continuing operations at beginning of period 44 — 192 — 236 Cash and cash equivalents from discontinued operations at beginning of period — — 21 — 21 Cash and cash equivalents at end of period $ 37 $ — $ 376 $ — $ 413 During the second quarter of 2016 and the fourth quarter of 2016, we made noncash capital contributions of approximately $215 million and approximately $75 million, respectively, between Parent and certain Nonguarantors. HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS YEAR ENDED DECEMBER 31, 2015 (In Millions) Consolidated Huntsman Parent International Company Guarantors Nonguarantors Eliminations LLC Net cash provided by operating activities from continuing operations $ (23) $ 229 $ 410 $ (2) $ 614 Net cash used in operating activities from discontinued operations — — (44) — (44) Net cash provided by operating activities (23) 229 366 (2) 570 Investing activities: Capital expenditures (70) (200) (191) — (461) Investment in affiliate 34 (5) (6) (23) — Investment in unconsolidated affiliates — — (12) — (12) Acquisition of businesses, net of cash acquired — — (14) — (14) Proceeds from sale of businesses/assets — — 1 — 1 Decrease in receivable from affiliate 1 — — — 1 Cash received from purchase price adjustment for business acquired 18 — — — 18 Cash received from termination of cross-currency interest rate contracts 66 — — — 66 Change in restricted cash — — (3) — (3) Other, net 1 — — — 1 Net cash provided by (used in) investing activities from continuing operations 50 (205) (225) (23) (403) Net cash used in investing activities from discontinued operations — — (196) — (196) Net cash provided by (used in) investing activities 50 (205) (421) (23) (599) Financing activities: Net repayments under revolving loan facilities — — (1) — (1) Net repayments on overdraft facilities — — (8) — (8) Borrowings on short-term debt — — 12 — 12 Repayments of long-term debt (548) — (56) — (604) Proceeds from issuance of long-term debt 326 — — — 326 Repayments of notes payable to affiliate (148) — — — (148) Proceeds from notes payable to affiliate 201 — — (6) 195 Repayments of notes payable (32) — (1) — (33) Borrowings on notes payable 32 — 2 — 34 Debt issuance costs paid (8) — — — (8) Call premiums related to early extinguishment of debt (35) — — — (35) Contingent consideration paid for acquisition (4) — — — (4) Dividends paid to noncontrolling interests — — (20) 6 (14) Contribution from parent — 5 6 (11) — Distribution to parent — (27) (7) 34 — Dividends paid to parent (121) (2) — 2 (121) Other, net 1 — — — 1 Net cash used in financing activities (336) (24) (73) 25 (408) Effect of exchange rate changes on cash — — (16) — (16) Decrease in cash and cash equivalents (309) — (144) — (453) Cash and cash equivalents from continuing operations at beginning of period 353 — 322 — 675 Cash and cash equivalents from discontinued operations at beginning of period — — 35 — 35 Cash and cash equivalents at end of period $ 44 $ — $ 213 $ — $ 257 During the first quarter of 2015, we made a noncash capital contribution of approximately $284 million between Guarantor entities and Nonguarantor entities and a noncash capital contribution of approximately $123 million between Parent Company and Guarantor entities

SELECTED UNAUDITED QUARTERLY 60

SELECTED UNAUDITED QUARTERLY FINANCIAL DATA (Tables)	12 Months Ended
	Dec. 31, 2017
Quarterly Financial Information
Summary of selected unaudited quarterly financial data	A summary of selected unaudited quarterly financial data for the years ended December 31, 2016 and 2015 is as follows (dollars in millions, except per share amounts): Huntsman Corporation Three months ended March 31, June 30, September 30, December 31, 2017 2017 2017 2017(1) Revenues $ 1,932 $ 2,054 $ 2,169 $ 2,203 Gross profit 392 437 474 509 Restructuring, impairment and plant closing costs 9 3 1 7 Income from continuing operations 99 138 116 230 Net income 92 183 179 287 Net income attributable to noncontrolling interests(2) 16 16 32 41 Net income attributable to Huntsman Corporation 76 167 147 246 Basic income per share(3): Income from continuing operations attributable to Huntsman Corporation common stockholders 0.35 0.51 0.36 0.79 Net income attributable to Huntsman Corporation common stockholders 0.32 0.70 0.62 1.03 Diluted income per share(3): Income from continuing operations attributable to Huntsman Corporation common stockholders 0.34 0.50 0.34 0.77 Net income attributable to Huntsman Corporation common stockholders 0.31 0.69 0.60 1.00 Three months ended March 31, June 30, September 30, December 31, 2016 2016 2016 2016(4) Revenues $ 1,815 $ 1,968 $ 1,831 $ 1,904 Gross profit 390 424 356 356 Restructuring, impairment and plant closing costs (credits) 2 16 38 (9) Income from continuing operations 85 107 40 133 Net income 62 94 64 137 Net income attributable to noncontrolling interests(2) 6 7 9 9 Net income attributable to Huntsman Corporation 56 87 55 128 Basic income per share(3): Income from continuing operations attributable to Huntsman Corporation common stockholders 0.33 0.42 0.13 0.52 Net income attributable to Huntsman Corporation common stockholders 0.24 0.37 0.23 0.54 Diluted income per share(3): Income from continuing operations attributable to Huntsman Corporation common stockholders 0.33 0.42 0.13 0.51 Net income attributable to Huntsman Corporation common stockholders 0.24 0.36 0.23 0.53 (1) On December 22, 2017, the U.S. enacted the U.S. Tax Reform Act. During the fourth quarter of 2017, we and Huntsman International recorded the impact of the U.S. Tax Reform Act which resulted in a net $52 million and $53 million, respectively, income tax benefit. (2) In connection with the Venator IPO in August 2017, we separated the P&A Business and, beginning in the third quarter of 2017, we reported the results of operations of the P&A Business as discontinued operations in our consolidated financial statements for all periods presented. See “Note 3. Discontinued Operations and Business Dispositions—Separation of P&A Business.” (3) Basic and diluted income per share are computed independently for each of the quarters presented based on the weighted average number of common shares outstanding during that period. Therefore, the sum of quarterly basic and diluted per share information may not equal annual basic and diluted earnings per share. (4) On December 30, 2016, our Performance Products segment completed the sale of its European surfactants business to Innospec Inc. for $199 million in cash plus our retention of trade receivables and payables for an enterprise value of $225 million. For further information, see “Note 3. Discontinued Operations and Business Dispositions—Sale of European Surfactants Manufacturing Facilities.”
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Quarterly Financial Information
Summary of selected unaudited quarterly financial data	Huntsman International Three months ended March 31, June 30, September 30, December 31, 2017 2017 2017 2017(1) Revenues $ 1,932 $ 2,054 $ 2,169 $ 2,203 Gross profit 393 438 475 509 Restructuring, impairment and plant closing costs 9 3 1 7 Income from continuing operations 98 139 115 227 Net income 91 182 177 284 Net income attributable to noncontrolling interests(2) 16 16 32 41 Net income attributable to Huntsman International 75 166 145 243 Three months ended March 31, June 30, September 30, December 31, 2016 2016 2016 2016(4) Revenues $ 1,815 $ 1,968 $ 1,831 $ 1,904 Gross profit 391 425 357 357 Restructuring, impairment and plant closing costs (credits) 2 16 38 (9) Income from continuing operations 85 109 41 132 Net income 62 93 63 136 Net income attributable to noncontrolling interests(2) 6 7 9 9 Net income attributable to Huntsman International 56 86 54 127 (1) On December 22, 2017, the U.S. enacted the U.S. Tax Reform Act. During the fourth quarter of 2017, we and Huntsman International recorded the impact of the U.S. Tax Reform Act which resulted in a net $52 million and $53 million, respectively, income tax benefit. (2) In connection with the Venator IPO in August 2017, we separated the P&A Business and, beginning in the third quarter of 2017, we reported the results of operations of the P&A Business as discontinued operations in our consolidated financial statements for all periods presented. See “Note 3. Discontinued Operations and Business Dispositions—Separation of P&A Business.” (3) Basic and diluted income per share are computed independently for each of the quarters presented based on the weighted average number of common shares outstanding during that period. Therefore, the sum of quarterly basic and diluted per share information may not equal annual basic and diluted earnings per share. (4) On December 30, 2016, our Performance Products segment completed the sale of its European surfactants business to Innospec Inc. for $199 million in cash plus our retention of trade receivables and payables for an enterprise value of $225 million. For further information, see “Note 3. Discontinued Operations and Business Dispositions—Sale of European Surfactants Manufacturing Facilities.”

GENERAL - DESCRIPTION (Details)

GENERAL - DESCRIPTION (Details)	12 Months Ended
	Dec. 31, 2017segmentcompany
GENERAL
Number of operating segments | segment	4
Number of Chinese chemical companies | company	3
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
GENERAL
Ownership interest (as a percent)	100.00%

GENERAL - SEPARATION OF BUSINES

GENERAL - SEPARATION OF BUSINESS (Details) - shares	Jan. 03, 2018	Dec. 31, 2017
Venator Materials PLC
GENERAL
Ownership interest (as a percent)	53.00%	55.00%
Venator Materials PLC | Over allotment
GENERAL
Number of shares issued	1,948,955

GENERAL - PREPAYMENT OF DEBT (D

GENERAL - PREPAYMENT OF DEBT (Details) - USD ($) $ in Millions	Oct. 25, 2017	Jul. 26, 2017	Apr. 25, 2017	Dec. 31, 2017	Aug. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
GENERAL
Debt issuance costs				$ 11		$ 11	$ 57
Loss on Early Extinguishment of Debt						54	3	$ 31
Repayment of debt						2,058	1,070	604
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
GENERAL
Net proceeds from issuance of long-term debt discontinued operations					$ 732
Loss on Early Extinguishment of Debt						54	3	31
Repayment of debt						$ 2,058	$ 1,070	$ 604
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Senior Credit Facilities
GENERAL
Early repayment of debt					1,207
Loss on Early Extinguishment of Debt					34
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | 2015 Extended Term Loan B
GENERAL
Early repayment of debt		$ 100	$ 100		106
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | 2021 Term Loan B
GENERAL
Early repayment of debt					347
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | 2023 Term Loan B
GENERAL
Early repayment of debt	$ 100			511	754
Loss on Early Extinguishment of Debt				$ 15
Venator Materials PLC
GENERAL
Principal amount of debt					750
Debt issuance costs					18
Proceeds from issuance of shares					$ 475

GENERAL - TERMINATION OF MERGER

GENERAL - TERMINATION OF MERGER (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
GENERAL
Merger costs	$ 28
Termination of Huntsman and Clariant Merger Agreement
GENERAL
Amount payable per terms of agreement	0
Merger costs	$ 28	$ 0	$ 0

GENERAL - U.S. TAX REFORM ACT (

GENERAL - U.S. TAX REFORM ACT (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
U.S. Tax Reform Act
U.S. income tax statutory rate (as a percent)			35.00%
Income tax benefit from remeasurement of deferred assets and liabilities	$ 52		$ 137
Provisional tax expense due to the transition tax on deemed repatriation of deferred foreign income			85
Provisional transition tax liability, if second offering and tax-related restructuring transactions absent	$ 12		$ 12
Forecast
U.S. Tax Reform Act
U.S. income tax statutory rate (as a percent)		21.00%

GENERAL - SHARE REPURCHASE (Det

GENERAL - SHARE REPURCHASE (Details) - USD ($) $ in Millions	Feb. 07, 2018	Dec. 31, 2017	Sep. 29, 2015
Share Repurchase Program 2015
GENERAL
Remaining amount authorized for repurchase	$ 50	$ 50
Maximum | Share Repurchase Program 2015
GENERAL
Value authorized to be repurchased			$ 150
Maximum | Share Repurchase Program 2018
GENERAL
Value authorized to be repurchased	$ 400

SUMMARY OF SIGNIFICANT ACCOUN67

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - ASSET RETIREMENT OBLIGATIONS (Details) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
ASSET RETIREMENT OBLIGATIONS
Asset retirement obligations	$ 9	$ 8

SUMMARY OF SIGNIFICANT ACCOUN68

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - DERIVATIVES AND HEDGING ACTIVITIES (Details)	12 Months Ended
	Dec. 31, 2017
Minimum
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Minimum interval period of effectiveness assessments	3 months
Derivative designated as a cash flow hedge, effectiveness percentage (as a percent)	80.00%
Maximum
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Derivative designated as a cash flow hedge, effectiveness percentage (as a percent)	125.00%

SUMMARY OF SIGNIFICANT ACCOUN69

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - FOREIGN CURRENCY TRANSLATION (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
FOREIGN CURRENCY TRANSLATION
Cumulative inflation rate used to determine if economic environment is highly inflationary (as a percent)	100.00%
Period used to determine if economic environment is highly inflationary	3 years
Foreign currency transaction (gains) losses	$ (5)	$ (2)	$ 10

SUMMARY OF SIGNIFICANT ACCOUN70

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - INCOME TAXES (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
U.S. Tax Reform Act
U.S. income tax statutory rate (as a percent)			35.00%
Income tax benefit from remeasurement of deferred assets and liabilities	$ 52		$ 137
Provisional tax expense due to the transition tax on deemed repatriation of deferred foreign income			85
Provisional transition tax liability, if second offering and tax-related restructuring transactions absent	$ 12		$ 12
Forecast
U.S. Tax Reform Act
U.S. income tax statutory rate (as a percent)		21.00%

SUMMARY OF SIGNIFICANT ACCOUN71

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - FINITE-LIVED INTANGIBLES (Details)	12 Months Ended
	Dec. 31, 2017
Patents and technology | Minimum
INTANGIBLE ASSETS
Estimated useful life	5 years
Patents and technology | Maximum
INTANGIBLE ASSETS
Estimated useful life	30 years
Trademarks | Minimum
INTANGIBLE ASSETS
Estimated useful life	9 years
Trademarks | Maximum
INTANGIBLE ASSETS
Estimated useful life	30 years
Licenses and other agreements | Minimum
INTANGIBLE ASSETS
Estimated useful life	5 years
Licenses and other agreements | Maximum
INTANGIBLE ASSETS
Estimated useful life	15 years
Other intangibles | Minimum
INTANGIBLE ASSETS
Estimated useful life	5 years
Other intangibles | Maximum
INTANGIBLE ASSETS
Estimated useful life	15 years

SUMMARY OF SIGNIFICANT ACCOUN72

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - GOODWILL (Details) $ in Millions	12 Months Ended
	Dec. 31, 2017USD ($)
Maximum
GOODWILL
Foreign currency exchange rate changes	$ 3

SUMMARY OF SIGNIFICANT ACCOUN73

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - NET INCOME PER SHARE (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Basic and diluted income from continuing operations:
Income from continuing operations attributable to Huntsman Corporation									$ 478	$ 334	$ 395
Basic and diluted net income:
Net income attributable to Huntsman Corporation or Huntsman International	$ 246	$ 147	$ 167	$ 76	$ 128	$ 55	$ 87	$ 56	$ 636	$ 326	$ 93
Denominator:
Weighted average shares outstanding (in shares)									238.4	236.3	242.8
Dilutive shares:
Stock-based awards (in shares)									5.5	3.3	2.6
Total weighted average shares outstanding, including dilutive shares									243.9	239.6	245.4

SUMMARY OF SIGNIFICANT ACCOUN74

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - ANTIDILUTIVE SHARES (Details) - shares shares in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Outstanding stock-based awards
Antidilutive shares not included in the computation of income (loss) per share
Weighted average equivalent shares	0.8	5.7	6.1

SUMMARY OF SIGNIFICANT ACCOUN75

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Buildings and equipment | Minimum
PROPERTY, PLANT AND EQUIPMENT
Estimated useful lives	5 years
Buildings and equipment | Maximum
PROPERTY, PLANT AND EQUIPMENT
Estimated useful lives	50 years
Plant and equipment
PROPERTY, PLANT AND EQUIPMENT
Interest expense capitalized as part of plant and equipment	$ 9	$ 12	$ 14
Plant and equipment | Minimum
PROPERTY, PLANT AND EQUIPMENT
Estimated useful lives	3 years
Plant and equipment | Maximum
PROPERTY, PLANT AND EQUIPMENT
Estimated useful lives	30 years
Furniture, fixtures and leasehold improvements | Minimum
PROPERTY, PLANT AND EQUIPMENT
Estimated useful lives	5 years
Furniture, fixtures and leasehold improvements | Maximum
PROPERTY, PLANT AND EQUIPMENT
Estimated useful lives	20 years

DISCONTINUED OPERATIONS - BALAN

DISCONTINUED OPERATIONS - BALANCE SHEET (Details) - USD ($) $ in Thousands	1 Months Ended
	Aug. 31, 2017	Jan. 03, 2018	Dec. 31, 2017	Dec. 31, 2016
Carrying amounts of major classes of assets held for sale:
Total current assets			$ 2,880,000	$ 777,000
Total noncurrent assets				1,463,000
Carrying amounts of major classes of liabilities held for sale:
Total current liabilities			1,692,000	467,000
Total noncurrent liabilities				393,000
Venator Materials PLC
DISCONTINUED OPERATIONS
Expected period of service provided after separation	24 months
Discontinued Operations, Disposed of by Means Other than Sale | Pigments and Additives Business
Carrying amounts of major classes of assets held for sale:
Accounts receivable			380	234
Inventories			454	426
Other current assets			318	117
Total current assets				777
Property, plant and equipment, net			1,424	1,178
Deferred income taxes			158	143
Other noncurrent assets			146	142
Total noncurrent assets				1,463
Total assets held for sale			2,880	2,240
Carrying amounts of major classes of liabilities held for sale:
Accounts payable			385	297
Accrued liabilities			236	145
Other current liabilities			25	25
Total current liabilities				467
Deferred income taxes				56
Long term debt			746
Other noncurrent liabilities			300	337
Total noncurrent liabilities				393
Total liabilities held for sale			$ 1,692	$ 860
Over allotment | Venator Materials PLC
DISCONTINUED OPERATIONS
Underwriters purchased an additional shares		1,948,955
Venator Materials PLC
DISCONTINUED OPERATIONS
Ownership interest (as a percent)		53.00%	55.00%

DISCONTINUED OPERATIONS - OPERA

DISCONTINUED OPERATIONS - OPERATIONS DATA (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Major classes of line items constituting pretax income (loss) of discontinued operations:
Income tax (expense) benefit	$ (67)	$ 24	$ 16
Income (loss) from discontinued operations, net of tax	158	(8)	(302)
Net income (loss) attributable to discontinued operations	158	(8)	(302)
Pigments and Additives Business | Discontinued Operations, Disposed of by Means Other than Sale
Major classes of line items constituting pretax income (loss) of discontinued operations:
Trade sales, services and fees, net	2,234	2,168	2,193
Cost of goods sold	1,840	2,012	2,077
Selling, general and administrative	187	174	214
Restructuring, impairment and plant closing costs	56	36	220
Business separation expenses	40	18
Interest expense (income)	19	(1)
Other operating income, net	(134)	(38)	(1)
Other loss, (income), net	1	(1)	1
Income (loss) from discontinued operations before taxes	225	(32)	(318)
Income tax (expense) benefit	(67)	24	16
Income (loss) from discontinued operations, net of tax	158	(8)	(302)
Net income attributable to noncontrolling interests	(10)	(10)	(7)
Net income (loss) attributable to discontinued operations	148	(18)	(309)
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Major classes of line items constituting pretax income (loss) of discontinued operations:
Income tax (expense) benefit	(67)	24	16
Income (loss) from discontinued operations, net of tax	155	(13)	(307)
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Pigments and Additives Business | Discontinued Operations, Disposed of by Means Other than Sale
Major classes of line items constituting pretax income (loss) of discontinued operations:
Trade sales, services and fees, net	2,234	2,168	2,193
Cost of goods sold	1,843	2,017	2,082
Selling, general and administrative	187	174	214
Restructuring, impairment and plant closing costs	56	36	220
Business separation expenses	40	18
Interest expense (income)	19	(1)
Other operating income, net	(134)	(38)	(1)
Other loss, (income), net	1	(1)	1
Income (loss) from discontinued operations before taxes	222	(37)	(323)
Income tax (expense) benefit	(67)	24	16
Income (loss) from discontinued operations, net of tax	155	(13)	(307)
Net income attributable to noncontrolling interests	(10)	(10)	(7)
Net income (loss) attributable to discontinued operations	$ 145	$ (23)	$ (314)

DISCONTINUED OPERATIONS - EUROP

DISCONTINUED OPERATIONS - EUROPEAN SURFACTANTS (Details) - European Surfactants Manufacturing Facilities - Discontinued Operations, Disposed of by Sale - USD ($) $ in Millions	Dec. 30, 2016	Dec. 31, 2016
DISCONTINUED OPERATIONS
Sale consideration in cash	$ 199
Retention of trade receivables and payables for an enterprise value	$ 225
Other operating income, net
DISCONTINUED OPERATIONS
Pre-tax gain on disposal		$ 98

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Millions		Dec. 31, 2017	Dec. 31, 2016
Inventories
Raw materials and supplies		$ 189	$ 157
Work in progress		48	45
Finished goods		897	771
Total		1,134	973
LIFO reserves		(61)	(55)
Net inventories	[1]	$ 1,073	$ 918
Percentage of inventories recorded using the LIFO cost method		12.00%	13.00%
[1]	At December 31, 2017 and December 31, 2016, respectively, $15 and $20 of cash and cash equivalents, $11 and $10 of restricted cash, $35 and $21 of accounts and notes receivable (net), $46 and $45 of inventories, $7 and $5 of other current assets, $283 and $279 of property, plant and equipment (net), $10 each of intangible assets (net), $43 and $37 of other noncurrent assets, $109 and $89 of accounts payable, $32 and $30 of accrued liabilities, $21 and $12 of current portion of debt, $86 and $114 of longterm debt, and $98 and $76 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 7. Variable Interest Entities.”

PROPERTY, PLANT AND EQUIPMENT80

PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017		Dec. 31, 2016		Dec. 31, 2015
PROPERTY, PLANT AND EQUIPMENT
Total	$ 7,083		$ 6,490
Less accumulated depreciation	(3,985)		(3,456)
Net	3,098	[1]	3,034	[1]	$ 3,170
Depreciation expense	298		289		278
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
PROPERTY, PLANT AND EQUIPMENT
Total	7,136		6,532
Less accumulated depreciation	(4,041)		(3,520)
Net	3,095	[1]	3,012	[1]	3,134
Depreciation expense	289		277		$ 266
Land
PROPERTY, PLANT AND EQUIPMENT
Total	150		133
Land | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
PROPERTY, PLANT AND EQUIPMENT
Total	150		133
Buildings
PROPERTY, PLANT AND EQUIPMENT
Total	644		607
Buildings | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
PROPERTY, PLANT AND EQUIPMENT
Total	644		607
Plant and equipment
PROPERTY, PLANT AND EQUIPMENT
Total	5,929		5,369
Plant and equipment | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
PROPERTY, PLANT AND EQUIPMENT
Total	5,982		5,411
Construction in progress
PROPERTY, PLANT AND EQUIPMENT
Total	360		381
Construction in progress | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
PROPERTY, PLANT AND EQUIPMENT
Total	$ 360		$ 381
[1]	At December 31, 2017 and December 31, 2016, respectively, $15 and $20 of cash and cash equivalents, $11 and $10 of restricted cash, $35 and $21 of accounts and notes receivable (net), $46 and $45 of inventories, $7 and $5 of other current assets, $283 and $279 of property, plant and equipment (net), $10 each of intangible assets (net), $43 and $37 of other noncurrent assets, $109 and $89 of accounts payable, $32 and $30 of accrued liabilities, $21 and $12 of current portion of debt, $86 and $114 of longterm debt, and $98 and $76 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 7. Variable Interest Entities.”

INVESTMENT IN UNCONSOLIDATED 81

INVESTMENT IN UNCONSOLIDATED AFFILIATES (Details) lb in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2017USD ($)lb	Dec. 31, 2016USD ($)	Nov. 30, 2012
INVESTMENT IN UNCONSOLIDATED AFFILIATES
Total equity method investments	$ 261	$ 243
Total investments	266	248
International Diol Company
INVESTMENT IN UNCONSOLIDATED AFFILIATES
Cost method investments	$ 5	5
Ownership percentage in cost method unconsolidated affiliates	4.00%
BASF Huntsman Shanghai Isocyanate Investment BV
INVESTMENT IN UNCONSOLIDATED AFFILIATES
Total equity method investments	$ 116	112
Ownership interest (as a percent)	50.00%
BASF Huntsman Shanghai Isocyanate Investment BV | SLIC
INVESTMENT IN UNCONSOLIDATED AFFILIATES
Ownership interest held by equity method investee that creates an indirect ownership interest by the reporting entity (as a percent)	70.00%
Indirect ownership interest in an unaffiliated entity (as a percent)	35.00%
Expansion of annual capacity of MDI (in pounds) | lb	530
Nanjing Jinling Huntsman New Material Co., Ltd.
INVESTMENT IN UNCONSOLIDATED AFFILIATES
Total equity method investments	$ 124	112
Ownership interest (as a percent)	49.00%
Jurong Ningwu New Materials Development Co Ltd
INVESTMENT IN UNCONSOLIDATED AFFILIATES
Total equity method investments	$ 21	$ 19
Ownership interest (as a percent)	30.00%
Sinopec (Nanjing Jingling)
INVESTMENT IN UNCONSOLIDATED AFFILIATES
Total equity method investments	$ 76
Ownership interest (as a percent)			49.00%
Cumulative capital contributions, net of license fees from joint venture	83
License fees expected to be received in 2018	$ 7
Sinopec (Nanjing Jingling) | Sinopec
INVESTMENT IN UNCONSOLIDATED AFFILIATES
Ownership interest (as a percent)			51.00%

VARIABLE INTEREST ENTITIES (Det

VARIABLE INTEREST ENTITIES (Details) $ in Millions		3 Months Ended										12 Months Ended
		Dec. 31, 2017USD ($)		Sep. 30, 2017USD ($)	Jun. 30, 2017USD ($)	Mar. 31, 2017USD ($)	Dec. 31, 2016USD ($)		Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2017USD ($)item		Dec. 31, 2016USD ($)		Dec. 31, 2015USD ($)
Assets and liabilities of VIE
Current assets		$ 5,979					$ 3,555					$ 5,979		$ 3,555
Property, plant and equipment, net		3,098	[1]				3,034	[1]				3,098	[1]	3,034	[1]	$ 3,170
Other noncurrent assets	[1]	497					472					497		472
Deferred income taxes		208					253					208		253
Intangible assets	[1]	56					43					56		43
Goodwill		140					121					140		121
Total assets		10,244					9,189					10,244		9,189
Current liabilities		3,265					1,778					3,265		1,778
Long-term debt	[1]	2,258					4,122					2,258		4,122
Deferred income taxes		264					371					264		371
Other noncurrent liabilities	[1]	1,086					1,057					1,086		1,057
Total liabilities		6,873					7,722					6,873		7,722
Revenues, income from continuing operations before income taxes and net cash provided by operating activities for our variable interest entities
Revenues		2,203		$ 2,169	$ 2,054	$ 1,932	1,904		$ 1,831	$ 1,968	$ 1,815	8,358		7,518		8,139
Income from continuing operations before income taxes												647		474		488
Net cash provided by operating activities												$ 1,219		1,088		575
Number of variable interests of additional joint ventures held prior to Separation | item												2
Rubicon, Arabian Amines, and Sasol Huntsman
Assets and liabilities of VIE
Current assets		114					103					$ 114		103
Property, plant and equipment, net		283					279					283		279
Other noncurrent assets		116					99					116		99
Deferred income taxes		33					43					33		43
Intangible assets		10					10					10		10
Goodwill		14					12					14		12
Total assets		570					546					570		546
Current liabilities		163					131					163		131
Long-term debt		86					114					86		114
Deferred income taxes		12					10					12		10
Other noncurrent liabilities		98					76					98		76
Total liabilities		359					$ 331					359		331
Revenues, income from continuing operations before income taxes and net cash provided by operating activities for our variable interest entities
Revenues												132		97		130
Income from continuing operations before income taxes												25		15		36
Net cash provided by operating activities												$ 51		$ 50		$ 66
Rubicon LLC
Identification of variable interest entities through investments and transactions
Variable interest entity ownership percentage												50.00%
Arabian Amines Company
Identification of variable interest entities through investments and transactions
Variable interest entity ownership percentage												50.00%
Assets and liabilities of VIE
Long-term debt		$ 86										$ 86
Sasol Huntsman GmbH and Co. KG
Identification of variable interest entities through investments and transactions
Variable interest entity ownership percentage												50.00%
[1]	At December 31, 2017 and December 31, 2016, respectively, $15 and $20 of cash and cash equivalents, $11 and $10 of restricted cash, $35 and $21 of accounts and notes receivable (net), $46 and $45 of inventories, $7 and $5 of other current assets, $283 and $279 of property, plant and equipment (net), $10 each of intangible assets (net), $43 and $37 of other noncurrent assets, $109 and $89 of accounts payable, $32 and $30 of accrued liabilities, $21 and $12 of current portion of debt, $86 and $114 of longterm debt, and $98 and $76 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 7. Variable Interest Entities.”

INTANGIBLE ASSETS (Details)

INTANGIBLE ASSETS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
INTANGIBLE ASSETS
Carrying Amount	$ 476	$ 451
Accumulated Amortization	420	408
Net	56	43
Amortization expense	6	12	$ 6
Estimated future amortization expense for intangible assets
2,018	6
2,019	6
2,020	6
2,021	5
2,022	4
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
INTANGIBLE ASSETS
Carrying Amount	484	459
Accumulated Amortization	428	416
Net	56	43
Amortization expense	7	12	$ 6
Patents, trademarks and technology
INTANGIBLE ASSETS
Carrying Amount	350	349
Accumulated Amortization	332	327
Net	18	22
Patents, trademarks and technology | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
INTANGIBLE ASSETS
Carrying Amount	350	349
Accumulated Amortization	332	327
Net	18	22
Licenses and other agreements
INTANGIBLE ASSETS
Carrying Amount	40	37
Accumulated Amortization	25	23
Net	15	14
Licenses and other agreements | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
INTANGIBLE ASSETS
Carrying Amount	40	37
Accumulated Amortization	25	23
Net	15	14
Non-compete agreements
INTANGIBLE ASSETS
Carrying Amount	4	3
Accumulated Amortization	2	2
Net	2	1
Non-compete agreements | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
INTANGIBLE ASSETS
Carrying Amount	4	3
Accumulated Amortization	2	2
Net	2	1
Other intangibles
INTANGIBLE ASSETS
Carrying Amount	82	62
Accumulated Amortization	61	56
Net	21	6
Other intangibles | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
INTANGIBLE ASSETS
Carrying Amount	90	70
Accumulated Amortization	69	64
Net	$ 21	$ 6

OTHER NONCURRENT ASSETS (Detail

OTHER NONCURRENT ASSETS (Details) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
OTHER NONCURRENT ASSETS
Capitalized turnaround costs, net		$ 233	$ 214
Spare parts inventory		91	79
Deposits		52	46
Catalyst assets, net		46	43
Investment in available-for-sale securities			18
Pension assets		22	1
Other		53	71
Total	[1]	497	472
Amortization expense of catalyst assets		$ 15	$ 17	$ 14
[1]	At December 31, 2017 and December 31, 2016, respectively, $15 and $20 of cash and cash equivalents, $11 and $10 of restricted cash, $35 and $21 of accounts and notes receivable (net), $46 and $45 of inventories, $7 and $5 of other current assets, $283 and $279 of property, plant and equipment (net), $10 each of intangible assets (net), $43 and $37 of other noncurrent assets, $109 and $89 of accounts payable, $32 and $30 of accrued liabilities, $21 and $12 of current portion of debt, $86 and $114 of longterm debt, and $98 and $76 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 7. Variable Interest Entities.”

ACCRUED LIABILITIES (Details)

ACCRUED LIABILITIES (Details) - USD ($) $ in Millions		Dec. 31, 2017	Dec. 31, 2016
ACCRUED LIABILITIES
Payroll and related accruals		$ 172	$ 135
Volume and rebate accruals		58	48
Taxes other than income taxes		77	60
Income taxes		62	28
Restructuring and plant closing reserves		15	28
Interest		20	21
Pension liabilities		15	11
Other postretirement benefits		7	8
Environmental accruals		6	7
Other miscellaneous accruals		137	125
Total	[1]	569	471
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
ACCRUED LIABILITIES
Payroll and related accruals		172	135
Volume and rebate accruals		58	48
Taxes other than income taxes		77	60
Income taxes		62	28
Restructuring and plant closing reserves		15	28
Interest		20	21
Pension liabilities		15	11
Other postretirement benefits		7	8
Environmental accruals		6	7
Other miscellaneous accruals		134	122
Total	[1]	$ 566	$ 468
[1]	At December 31, 2017 and December 31, 2016, respectively, $15 and $20 of cash and cash equivalents, $11 and $10 of restricted cash, $35 and $21 of accounts and notes receivable (net), $46 and $45 of inventories, $7 and $5 of other current assets, $283 and $279 of property, plant and equipment (net), $10 each of intangible assets (net), $43 and $37 of other noncurrent assets, $109 and $89 of accounts payable, $32 and $30 of accrued liabilities, $21 and $12 of current portion of debt, $86 and $114 of longterm debt, and $98 and $76 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 7. Variable Interest Entities.”

RESTRUCTURING, IMPAIRMENT AND86

RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS - ACCRUED RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS BY TYPE OF COST AND INITIATIVE (Details) $ in Millions	1 Months Ended	12 Months Ended
	Dec. 31, 2015USD ($)	Dec. 31, 2017USD ($)item	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Accrued restructuring costs roll forward
Accrued liabilities at the beginning of the period		$ 68	$ 77	$ 78
Reversal of reserves no longer required			(2)	(13)
Distribution of prefunded restructuring costs			(11)
Foreign currency effect on liability balance		3	(4)	(3)
Accrued liabilities at the end of the period	$ 77	53	68	77
Textile Effects and Performance Products
Accrued restructuring costs roll forward
Prepaid severance and other restructuring costs	9
Workforce reductions
Accrued restructuring costs roll forward
Accrued liabilities at the beginning of the period		4	19	28
Reversal of reserves no longer required			(2)	(7)
Distribution of prefunded restructuring costs			(5)
Foreign currency effect on liability balance		1	(1)	(1)
Accrued liabilities at the end of the period	19	$ 5	4	19
Number of positions terminated | item		130
Number of positions not terminated | item		82
Demolition and decommissioning
Accrued restructuring costs roll forward
Accrued liabilities at the beginning of the period		$ 19	16
Distribution of prefunded restructuring costs			(5)
Foreign currency effect on liability balance		1	(1)
Accrued liabilities at the end of the period	16	2	19	16
Non-cancelable lease and contract termination costs
Accrued restructuring costs roll forward
Accrued liabilities at the beginning of the period		40	37	47
Reversal of reserves no longer required				(6)
Foreign currency effect on liability balance		1	(2)	(2)
Accrued liabilities at the end of the period	37	41	40	37
Other restructuring costs
Accrued restructuring costs roll forward
Accrued liabilities at the beginning of the period		5	5	3
Distribution of prefunded restructuring costs			(1)
Accrued liabilities at the end of the period	$ 5	5	5	5
2014 and prior initiatives
Accrued restructuring costs roll forward
Restructuring charges				56
Restructuring payments				(55)
2014 and prior initiatives | Workforce reductions
Accrued restructuring costs roll forward
Restructuring charges				8
Restructuring payments				(23)
2014 and prior initiatives | Demolition and decommissioning
Accrued restructuring costs roll forward
Restructuring charges				24
Restructuring payments				(8)
2014 and prior initiatives | Non-cancelable lease and contract termination costs
Accrued restructuring costs roll forward
Restructuring charges				15
Restructuring payments				(17)
2014 and prior initiatives | Other restructuring costs
Accrued restructuring costs roll forward
Restructuring charges				9
Restructuring payments				(7)
2015 initiatives
Accrued restructuring costs roll forward
Accrued liabilities at the beginning of the period		67
Restructuring charges				33
Restructuring payments				(19)
Accrued liabilities at the end of the period		50	67
2015 initiatives | Workforce reductions
Accrued restructuring costs roll forward
Restructuring charges				30
Restructuring payments				(16)
2015 initiatives | Other restructuring costs
Accrued restructuring costs roll forward
Restructuring charges				3
Restructuring payments				$ (3)
2015 and prior initiatives
Accrued restructuring costs roll forward
Restructuring charges			47
Restructuring payments			(40)
2015 and prior initiatives | Workforce reductions
Accrued restructuring costs roll forward
Restructuring charges			1
Restructuring payments			(8)
2015 and prior initiatives | Demolition and decommissioning
Accrued restructuring costs roll forward
Restructuring charges			24
Restructuring payments			(15)
2015 and prior initiatives | Non-cancelable lease and contract termination costs
Accrued restructuring costs roll forward
Restructuring charges			9
Restructuring payments			(4)
2015 and prior initiatives | Other restructuring costs
Accrued restructuring costs roll forward
Restructuring charges			13
Restructuring payments			(13)
2016 initiatives
Accrued restructuring costs roll forward
Accrued liabilities at the beginning of the period		1
Restructuring charges			6
Restructuring payments			(5)
Accrued liabilities at the end of the period		1	1
2016 initiatives | Workforce reductions
Accrued restructuring costs roll forward
Restructuring charges			1
Restructuring payments			(1)
2016 initiatives | Other restructuring costs
Accrued restructuring costs roll forward
Restructuring charges			5
Restructuring payments			$ (4)
2016 and prior initiatives
Accrued restructuring costs roll forward
Restructuring charges		6
Restructuring payments		(26)
2016 and prior initiatives | Workforce reductions
Accrued restructuring costs roll forward
Restructuring charges		(1)
Restructuring payments		(1)
2016 and prior initiatives | Demolition and decommissioning
Accrued restructuring costs roll forward
Restructuring charges		3
Restructuring payments		(21)
2016 and prior initiatives | Non-cancelable lease and contract termination costs
Accrued restructuring costs roll forward
Restructuring charges		2
Restructuring payments		(2)
2016 and prior initiatives | Other restructuring costs
Accrued restructuring costs roll forward
Restructuring charges		2
Restructuring payments		(2)
2017 initiatives
Accrued restructuring costs roll forward
Restructuring charges		12
Restructuring payments		(10)
Accrued liabilities at the end of the period		2
2017 initiatives | Workforce reductions
Accrued restructuring costs roll forward
Restructuring charges		10
Restructuring payments		(8)
2017 initiatives | Other restructuring costs
Accrued restructuring costs roll forward
Restructuring charges		2
Restructuring payments		$ (2)

RESTRUCTURING, IMPAIRMENT AND87

RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS - ACCRUED LIABILITIES BY INITIATIVE (Details) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Accrued liabilities by initiatives
Accrued liabilities	$ 53	$ 68	$ 77	$ 78
2015 initiatives
Accrued liabilities by initiatives
Accrued liabilities	50	67
2016 initiatives
Accrued liabilities by initiatives
Accrued liabilities	1	$ 1
2017 initiatives
Accrued liabilities by initiatives
Accrued liabilities	$ 2

RESTRUCTURING, IMPAIRMENT AND88

RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS - RESERVES FOR RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Accrued restructuring costs roll forward
Accrued liabilities at the beginning of the period	$ 68	$ 77	$ 78
Reversal of reserves no longer required		(2)	(13)
Distribution of prefunded restructuring costs		(11)
Foreign currency effect on liability balance	3	(4)	(3)
Accrued liabilities at the end of the period	53	68	77
Current portion of restructuring reserves	15	28
Long-term portion of restructuring reserves	38	40
Corporate and other
Accrued restructuring costs roll forward
Accrued liabilities at the beginning of the period	2	4	4
Restructuring charges			8
Reversal of reserves no longer required		(1)	(1)
Accrued liabilities at the end of the period	1	2	4
Current portion of restructuring reserves	1
Polyurethanes | Operating segments
Accrued restructuring costs roll forward
Accrued liabilities at the beginning of the period	2	5	6
Reversal of reserves no longer required		(1)	(4)
Foreign currency effect on liability balance			(1)
Accrued liabilities at the end of the period	1	2	5
Current portion of restructuring reserves	1
Performance Products | Operating segments
Accrued restructuring costs roll forward
Accrued liabilities at the beginning of the period		9	9
Restructuring charges		16
Reversal of reserves no longer required			(1)
Distribution of prefunded restructuring costs		(6)
Foreign currency effect on liability balance			(1)
Accrued liabilities at the end of the period	1		9
Current portion of restructuring reserves	1
Advanced Materials | Operating segments
Accrued restructuring costs roll forward
Accrued liabilities at the beginning of the period	3	4	5
Foreign currency effect on liability balance		(1)
Accrued liabilities at the end of the period	3	3	4
Current portion of restructuring reserves	3
Textile Effects | Operating segments
Accrued restructuring costs roll forward
Accrued liabilities at the beginning of the period	61	55	54
Reversal of reserves no longer required			(7)
Distribution of prefunded restructuring costs		(5)
Foreign currency effect on liability balance	3	(3)	(1)
Accrued liabilities at the end of the period	47	61	55
Current portion of restructuring reserves	9
Long-term portion of restructuring reserves	38
2014 and prior initiatives
Accrued restructuring costs roll forward
Restructuring charges			56
Restructuring payments			(55)
2014 and prior initiatives | Corporate and other
Accrued restructuring costs roll forward
Restructuring charges			8
Restructuring payments			(7)
2014 and prior initiatives | Polyurethanes | Operating segments
Accrued restructuring costs roll forward
Restructuring charges			2
Restructuring payments			(4)
2014 and prior initiatives | Performance Products | Operating segments
Accrued restructuring costs roll forward
Restructuring charges			3
Restructuring payments			(8)
2014 and prior initiatives | Advanced Materials | Operating segments
Accrued restructuring costs roll forward
Restructuring charges			1
Restructuring payments			(2)
2014 and prior initiatives | Textile Effects | Operating segments
Accrued restructuring costs roll forward
Restructuring charges			42
Restructuring payments			(34)
2015 initiatives
Accrued restructuring costs roll forward
Accrued liabilities at the beginning of the period	67
Restructuring charges			33
Restructuring payments			(19)
Accrued liabilities at the end of the period	50	67
2015 initiatives | Corporate and other
Accrued restructuring costs roll forward
Restructuring charges			1
Restructuring payments			(1)
2015 initiatives | Polyurethanes | Operating segments
Accrued restructuring costs roll forward
Restructuring charges			17
Restructuring payments			(11)
2015 initiatives | Performance Products | Operating segments
Accrued restructuring costs roll forward
Restructuring charges			8
Restructuring payments			(1)
2015 initiatives | Advanced Materials | Operating segments
Accrued restructuring costs roll forward
Restructuring charges			5
Restructuring payments			(5)
2015 initiatives | Textile Effects | Operating segments
Accrued restructuring costs roll forward
Restructuring charges			2
Restructuring payments			$ (1)
2015 and prior initiatives
Accrued restructuring costs roll forward
Restructuring charges		47
Restructuring payments		(40)
2015 and prior initiatives | Corporate and other
Accrued restructuring costs roll forward
Restructuring charges		3
Restructuring payments		(4)
2015 and prior initiatives | Polyurethanes | Operating segments
Accrued restructuring costs roll forward
Restructuring payments		(3)
2015 and prior initiatives | Performance Products | Operating segments
Accrued restructuring costs roll forward
Restructuring charges		16
Restructuring payments		(19)
2015 and prior initiatives | Textile Effects | Operating segments
Accrued restructuring costs roll forward
Restructuring charges		28
Restructuring payments		(14)
2016 initiatives
Accrued restructuring costs roll forward
Accrued liabilities at the beginning of the period	1
Restructuring charges		6
Restructuring payments		(5)
Accrued liabilities at the end of the period	1	1
2016 initiatives | Corporate and other
Accrued restructuring costs roll forward
Restructuring charges		1
Restructuring payments		(1)
2016 initiatives | Polyurethanes | Operating segments
Accrued restructuring costs roll forward
Restructuring charges		4
Restructuring payments		(3)
2016 initiatives | Textile Effects | Operating segments
Accrued restructuring costs roll forward
Restructuring charges		1
Restructuring payments		$ (1)
2016 and prior initiatives
Accrued restructuring costs roll forward
Restructuring charges	6
Restructuring payments	(26)
2016 and prior initiatives | Polyurethanes | Operating segments
Accrued restructuring costs roll forward
Restructuring payments	(1)
2016 and prior initiatives | Textile Effects | Operating segments
Accrued restructuring costs roll forward
Restructuring charges	6
Restructuring payments	(25)
2017 initiatives
Accrued restructuring costs roll forward
Restructuring charges	12
Restructuring payments	(10)
Accrued liabilities at the end of the period	2
2017 initiatives | Corporate and other
Accrued restructuring costs roll forward
Restructuring charges	4
Restructuring payments	(5)
2017 initiatives | Performance Products | Operating segments
Accrued restructuring costs roll forward
Restructuring charges	1
2017 initiatives | Textile Effects | Operating segments
Accrued restructuring costs roll forward
Restructuring charges	7
Restructuring payments	$ (5)

RESTRUCTURING, IMPAIRMENT AND89

RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS - CASH AND NONCASH (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Restructuring, impairment and plant closing costs
Pension-related charges									$ 1
Accelerated depreciation									2		$ 6
Reversal of reserves no longer required										$ (2)	(13)
Gain on sale of land										(4)
Other non-cash charges									(1)		1
Total restructuring, impairment and plant closing costs	$ 7	$ 1	$ 3	$ 9	$ (9)	$ 38	$ 16	$ 2	20	47	83
2014 and prior initiatives
Restructuring, impairment and plant closing costs
Restructuring charges											56
2015 initiatives
Restructuring, impairment and plant closing costs
Restructuring charges											$ 33
2015 and prior initiatives
Restructuring, impairment and plant closing costs
Restructuring charges										47
2016 initiatives
Restructuring, impairment and plant closing costs
Restructuring charges										$ 6
2016 and prior initiatives
Restructuring, impairment and plant closing costs
Restructuring charges									6
2017 initiatives
Restructuring, impairment and plant closing costs
Restructuring charges									$ 12

RESTRUCTURING, IMPAIRMENT AND90

RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS - NARRATIVE (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Operating segments | Performance Products
Restructuring, impairment and plant closing costs
Restructuring charges			$ 16
Operating segments | Textile Effects | Basel, Switzerland
Restructuring, impairment and plant closing costs
Restructuring charges		$ 6
Corporate and other
Restructuring, impairment and plant closing costs
Restructuring charges				$ 8
Other initiatives | Operating segments | Textile Effects
Restructuring, impairment and plant closing costs
Restructuring charges	$ 6
Workforce reductions | Operating segments | Performance Products
Restructuring, impairment and plant closing costs
Restructuring charges				8
Workforce reductions | Operating segments | Textile Effects
Restructuring, impairment and plant closing costs
Restructuring charges		7
Additional costs expected to be incurred		1
Workforce reductions | Operating segments | Advanced Materials | Europe
Restructuring, impairment and plant closing costs
Restructuring charges				11
Workforce reductions | Operating segments | Polyurethanes | Europe
Restructuring, impairment and plant closing costs
Restructuring charges				13
Non-cancelable lease and contract termination costs | Operating segments | Textile Effects
Restructuring, impairment and plant closing costs
Restructuring charges	$ 14		9	9
Non-cancelable lease and contract termination costs | Operating segments | Textile Effects | Basel, Switzerland
Restructuring, impairment and plant closing costs
Restructuring charges		2
Demolition and decommissioning | Operating segments | Textile Effects
Restructuring, impairment and plant closing costs
Restructuring charges			$ 20	21
Demolition and decommissioning | Operating segments | Textile Effects | Basel, Switzerland
Restructuring, impairment and plant closing costs
Restructuring charges		$ 4
Other restructuring costs | Operating segments | Textile Effects
Restructuring, impairment and plant closing costs
Restructuring charges				$ 1

OTHER NONCURRENT LIABILITIES (D

OTHER NONCURRENT LIABILITIES (Details) - USD ($) $ in Millions		Dec. 31, 2017	Dec. 31, 2016
OTHER NONCURRENT LIABILITIES
Pension liabilities		$ 715	$ 743
Other postretirement benefits		73	85
Environmental accruals		15	15
Restructuring and plant closing reserves		38	40
Employee benefit accrual		34	27
Asset retirement obligations		9	8
Other		202	139
Total	[1]	1,086	1,057
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
OTHER NONCURRENT LIABILITIES
Pension liabilities		715	743
Other postretirement benefits		73	85
Environmental accruals		15	15
Restructuring and plant closing reserves		38	40
Employee benefit accrual		34	27
Asset retirement obligations		9	8
Other		188	133
Total	[1]	$ 1,072	$ 1,051
[1]	At December 31, 2017 and December 31, 2016, respectively, $15 and $20 of cash and cash equivalents, $11 and $10 of restricted cash, $35 and $21 of accounts and notes receivable (net), $46 and $45 of inventories, $7 and $5 of other current assets, $283 and $279 of property, plant and equipment (net), $10 each of intangible assets (net), $43 and $37 of other noncurrent assets, $109 and $89 of accounts payable, $32 and $30 of accrued liabilities, $21 and $12 of current portion of debt, $86 and $114 of longterm debt, and $98 and $76 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 7. Variable Interest Entities.”

DEBT - DEBT OUTSTANDING (Detail

DEBT - DEBT OUTSTANDING (Details) - USD ($) $ in Millions		Dec. 31, 2017	Dec. 31, 2016
Debt
Total debt - excluding debt to affiliates		$ 2,298	$ 4,172
Total current portion of debt	[1]	40	50
Long-term portion	[1]	2,258	4,122
Notes payable to affiliates-noncurrent			1
Total debt		2,298	4,173
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Total debt - excluding debt to affiliates		2,298	4,172
Total current portion of debt	[1]	40	50
Long-term portion	[1]	2,258	4,122
Notes payable to affiliates-current		100	100
Notes payable to affiliates-noncurrent		742	697
Total debt		3,140	4,969
Term loans
Debt
Total debt - excluding debt to affiliates			1,967
Term loans | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Total debt - excluding debt to affiliates			1,967
Accounts receivable programs
Debt
Total debt - excluding debt to affiliates		180	208
Accounts receivable programs | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Total debt - excluding debt to affiliates		180	208
Senior notes
Debt
Total debt - excluding debt to affiliates		1,927	1,812
Senior notes | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Total debt - excluding debt to affiliates		1,927	1,812
Other debt instruments
Debt
Total debt - excluding debt to affiliates		84	59
Other debt instruments | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Total debt - excluding debt to affiliates		84	59
Variable interest entities
Debt
Total debt - excluding debt to affiliates		107	126
Variable interest entities | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Total debt - excluding debt to affiliates		$ 107	$ 126
[1]	At December 31, 2017 and December 31, 2016, respectively, $15 and $20 of cash and cash equivalents, $11 and $10 of restricted cash, $35 and $21 of accounts and notes receivable (net), $46 and $45 of inventories, $7 and $5 of other current assets, $283 and $279 of property, plant and equipment (net), $10 each of intangible assets (net), $43 and $37 of other noncurrent assets, $109 and $89 of accounts payable, $32 and $30 of accrued liabilities, $21 and $12 of current portion of debt, $86 and $114 of longterm debt, and $98 and $76 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 7. Variable Interest Entities.”

DEBT - ISSUANCE COSTS (Details)

DEBT - ISSUANCE COSTS (Details) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
DEBT
Debt issuance costs	$ 11	$ 57

DEBT - SENIOR CREDIT FACILITIES

DEBT - SENIOR CREDIT FACILITIES (Details) - USD ($) $ in Millions	Oct. 25, 2017	Jul. 26, 2017	Apr. 25, 2017	Dec. 31, 2017	Aug. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Debt
Debt issuance costs				$ 11		$ 11	$ 57
Loss on early extinguishment of debt						54	3	$ 31
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Loss on early extinguishment of debt						54	$ 3	$ 31
Net proceeds from Venator					$ 732
Debt repayment required in connection with the Separation					450
Venator Materials PLC
Debt
Proceeds from issuance of shares					475
Principal amount of debt					750
Debt issuance costs					18
Revolving Facility | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Maximum revolving credit facility				650		650
Principal Outstanding				0		0
Amount of letter of credit and bank guarantees issued and outstanding				9		$ 9
Revolving Facility | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | LIBOR
Debt
Basis spread (as a percent)						2.50%
Senior Credit Facilities | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Early repayment of term loan					1,207
Loss on early extinguishment of debt					34
Term loans | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Early repayment of term loan						$ 300
Loss on early extinguishment of debt						$ 3
2015 Extended Term Loan B | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Early repayment of term loan		$ 100	$ 100		106
2021 Term Loan B | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Early repayment of term loan					347
2023 Term Loan B | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Early repayment of term loan	$ 100			511	754
Loss on early extinguishment of debt				$ 15
Venator Senior Unsecured Notes | Venator Materials PLC
Debt
Principal amount of debt					375
Venator Term Loan | Venator Materials PLC
Debt
Principal amount of debt					375
Venator ABL Facility | Venator Materials PLC
Debt
Maximum revolving credit facility					$ 300

DEBT - ACCOUNT RECEIVABLE PROGR

DEBT - ACCOUNT RECEIVABLE PROGRAMS (Details) € in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2017EUR (€)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Debt
Debt outstanding		$ 2,298	$ 4,173
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Debt outstanding		3,140	4,969
Accounts receivable programs | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Continuing operations
Debt
Accounts receivable pledged as collateral		334	$ 328
U.S. A/R Program Maturing April 2020 | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Debt outstanding | €	€ 90
Maximum Funding Availability		250
Amount of letter of credit and bank guarantees issued and outstanding		5
EU A/R Program Maturing April 2020 | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Debt outstanding	76	90
Maximum Funding Availability	€ 150	$ 179
LIBOR | U.S. A/R Program Maturing April 2020 | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Basis spread (as a percent)	0.95%
LIBOR | EU A/R Program Maturing April 2020 | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Basis spread (as a percent)	1.30%

DEBT - NOTES (Details)

DEBT - NOTES (Details) € in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2017EUR (€)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Debt
Total debt		$ 2,298	$ 4,173
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Total debt		$ 3,140	$ 4,969
2020 Senior Notes | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Interest rate (as a percent)	4.875%	4.875%
Principal Outstanding		$ 650
Total debt		647
Unamortized Discounts and Debt Issuance Costs		$ (3)
2021 Senior Notes | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Interest rate (as a percent)	5.125%	5.125%
Principal Outstanding | €	€ 445
Total debt	€ 444	$ 529
Unamortized Discounts and Debt Issuance Costs		$ (1)
2022 Senior Notes | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Interest rate (as a percent)	5.125%	5.125%
Principal Outstanding		$ 400
Total debt		397
Unamortized Discounts and Debt Issuance Costs		$ (3)
2025 Senior Notes | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Interest rate (as a percent)	4.25%	4.25%
Principal Outstanding | €	€ 300
Total debt	€ 297	$ 354
Unamortized Discounts and Debt Issuance Costs		$ (3)
Debt Instrument Redemption Period Upon Occurrence Certain Change Of Control Events | Senior notes | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Percentage of principal amount at which the entity may redeem some or all of the notes	101.00%

DEBT - REDEMPTIONS (Details)

DEBT - REDEMPTIONS (Details) - USD ($) $ in Millions	1 Months Ended			12 Months Ended
	Sep. 30, 2015	Apr. 30, 2015	Jan. 31, 2015	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Redemption of Notes and Loss on Early Extinguishment of Debt
Loss on Early Extinguishment of Debt				$ 54	$ 3	$ 31
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Redemption of Notes and Loss on Early Extinguishment of Debt
Loss on Early Extinguishment of Debt				$ 54	$ 3	$ 31
Senior Subordinated Notes, March 2021 | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Redemption of Notes and Loss on Early Extinguishment of Debt
Principal Amount of Notes Redeemed	$ 195	$ 289	$ 37
Amount Paid (Excluding Accrued Interest)	204	311	40
Loss on Early Extinguishment of Debt	$ 7	$ 20	$ 3

DEBT - VARIABLE AND OTHER (Deta

DEBT - VARIABLE AND OTHER (Details) ¥ in Millions, $ in Millions		12 Months Ended
		Dec. 31, 2017CNY (¥)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Jul. 24, 2015CNY (¥)	Jul. 24, 2015USD ($)
Debt
Total debt - excluding debt to affiliates			$ 2,298	$ 4,172
Total current portion of debt	[1]		40	50
Long-term portion	[1]		2,258	4,122
Loan to subsidiary			842
Arabian Amines Company
Debt
Variable interest entity ownership percentage		50.00%
Total debt - excluding debt to affiliates			107
Total current portion of debt			21
Long-term portion			86
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Total debt - excluding debt to affiliates			2,298	4,172
Total current portion of debt	[1]		40	50
Long-term portion	[1]		2,258	4,122
Notes payable to affiliates-current			$ 100	$ 100
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | U.S. A/R Program
Debt
Reduction in applicable margin on borrowings (as a percent)		(0.10%)
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Maximum | U.S. A/R Program
Debt
Reduction in applicable margin on borrowings (as a percent)		(0.25%)
HPS (China) secured term and working capital loan facilities
Debt
Percentage of variable rate		90.00%
Interest rate (as a percent)		4.00%	4.00%
HPS Term Loan
Debt
Maximum revolving credit facility					¥ 669	$ 102
Outstanding construction loan		¥ 277	$ 42
HPS Working Capital Facility
Debt
Maximum revolving credit facility					¥ 423	$ 65
Outstanding construction loan			0
Revolving Facility | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Maximum revolving credit facility			$ 650
Revolving Facility | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Maximum
Debt
Debt instrument covenant consolidated leverage ratio		3.75
[1]	At December 31, 2017 and December 31, 2016, respectively, $15 and $20 of cash and cash equivalents, $11 and $10 of restricted cash, $35 and $21 of accounts and notes receivable (net), $46 and $45 of inventories, $7 and $5 of other current assets, $283 and $279 of property, plant and equipment (net), $10 each of intangible assets (net), $43 and $37 of other noncurrent assets, $109 and $89 of accounts payable, $32 and $30 of accrued liabilities, $21 and $12 of current portion of debt, $86 and $114 of longterm debt, and $98 and $76 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 7. Variable Interest Entities.”

DEBT - MATURITIES (Details)

DEBT - MATURITIES (Details) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Scheduled maturities of our debt (excluding debt to affiliates)
2,018	$ 40
2,019	27
2,020	865
2,021	560
2,022	409
Thereafter	397
Total debt - excluding debt to affiliates	$ 2,298	$ 4,172

DERIVATIVE INSTRUMENTS AND H100

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details) € in Millions, $ in Millions

1 Months Ended

3 Months Ended

12 Months Ended

Aug. 31, 2017USD ($)

Nov. 30, 2014EUR (€)item

Mar. 31, 2010EUR (€)item

Mar. 31, 2015USD ($)

Dec. 31, 2017USD ($)

Dec. 31, 2016USD ($)

Dec. 31, 2015USD ($)

Dec. 31, 2009

Dec. 31, 2017EUR (€)

Dec. 31, 2017USD ($)

Nov. 30, 2014USD ($)item

Mar. 31, 2010USD ($)item

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

Accumulated other comprehensive loss expected to be reclassified to earnings

$ 0

Notional Amounts

€ 470

$ 559

Amount of gain (loss) recognized on the hedge of net investments

(96)

$ 27

$ 68

Proceeds from termination

7

66

HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

Proceeds from termination

$ 7

$ 66

Forward foreign currency contracts

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

Notional Amounts

176

93

Maximum maturity period of spot or forward exchange rate contracts

3 months

Approximate term of foreign currency contracts

1 month

Twelve-year interest rate contract entered in year 2009 | Non Designated Hedge Instrument | Arabian Amines Company

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

Notional Amounts

14

Fair value of the hedge

1

$ 1

Hedging period of interest rate contract

12 years

Additional (reduction of) interest expense due to changes in the fair value of the hedges

$ 0

0

Twelve-year interest rate contract entered in year 2009 | Non Designated Hedge Instrument | Arabian Amines Company | LIBOR

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

Fixed percentage to be paid under the hedge

5.02%

5.02%

Cross Currency Interest Rate Contracts | Designated as Hedging Instrument

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

Notional Amounts

€ 161

€ 255

$ 200

$ 350

Proceeds from termination

$ 7

$ 66

Five years cross currency interest rate contract | Designated as Hedging Instrument

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

Number of derivative instruments held | item

2

3

2

3

Term of cross currency interest rate contract

5 years

5 years

Eight years cross currency interest rate contract | Designated as Hedging Instrument

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

Number of derivative instruments held | item

1

1

Term of cross currency interest rate contract

8 years

Pigments and Additives Business | Forward foreign currency contracts

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

Notional Amounts

$ 88

$ 0

FAIR VALUE - FAIR VALUES OF FIN

FAIR VALUE - FAIR VALUES OF FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016
Fair values of financial instruments
Non-qualified employee benefit plan investments	$ 33	$ 27
Carrying Amount
Fair values of financial instruments
Non-qualified employee benefit plan investments	33	27
Investments in equity securities		18
Long-term debt (including current portion)	(2,298)	(4,172)
Carrying Amount | Cross Currency Interest Rate Contracts
Fair values of financial instruments
Derivative contracts - assets		29
Carrying Amount | Interest rate contracts
Fair values of financial instruments
Derivative contracts - liabilities	(1)	(2)
Estimated Fair Value
Fair values of financial instruments
Non-qualified employee benefit plan investments	33	27
Investments in equity securities		18
Long-term debt (including current portion)	(2,483)	(4,345)
Estimated Fair Value | Cross Currency Interest Rate Contracts
Fair values of financial instruments
Derivative contracts - assets		29
Estimated Fair Value | Interest rate contracts
Fair values of financial instruments
Derivative contracts - liabilities	$ (1)	$ (2)

FAIR VALUE - ASSETS AND LIABILI

FAIR VALUE - ASSETS AND LIABILITIES MEASURED AT FAIR VALUE ON A RECURRING BASIS (Details) $ in Millions	1 Months Ended			3 Months Ended	12 Months Ended
	Aug. 31, 2017USD ($)	Nov. 30, 2014item	Mar. 31, 2010item	Mar. 31, 2015USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2016USD ($)
Assets:
Proceeds from termination					$ 7	$ 66
Cross Currency Interest Rate Contracts | Designated as Hedging Instrument
Assets:
Proceeds from termination	$ 7			$ 66
Five years cross currency interest rate contract | Designated as Hedging Instrument
Assets:
Number of derivative instruments held | item		2	3
Term of cross currency interest rate contract		5 years	5 years
Eight years cross currency interest rate contract | Designated as Hedging Instrument
Assets:
Number of derivative instruments held | item		1
Term of cross currency interest rate contract		8 years
Recurring basis
Assets:
Total assets							$ 74
Liabilities:
Transfers from Levels 1 to 2 within the fair value hierarchy, assets					0		0
Transfers from Levels 1 and 2 within the fair value hierarchy, liabilities					0		0
Transfers from Levels 2 to 1 within the fair value hierarchy, assets					0		0
Transfers from Levels 2 and 1 within the fair value hierarchy, liabilities					0		0
Recurring basis | Cross Currency Interest Rate Contracts
Assets:
Derivatives							29
Recurring basis | Interest rate contracts
Liabilities:
Total liabilities					(1)		(2)
Recurring basis | Non-qualified employee benefit plan investments
Assets:
Available-for-sale equity securities					33		27
Recurring basis | Investments in equity securities
Assets:
Available-for-sale equity securities							18
Recurring basis | Quoted prices in active markets for identical assets (Level 1)
Assets:
Total assets							45
Recurring basis | Quoted prices in active markets for identical assets (Level 1) | Non-qualified employee benefit plan investments
Assets:
Available-for-sale equity securities					33		27
Recurring basis | Quoted prices in active markets for identical assets (Level 1) | Investments in equity securities
Assets:
Available-for-sale equity securities							18
Recurring basis | Significant other observable inputs (Level 2) | Interest rate contracts
Liabilities:
Total liabilities					$ (1)		(2)
Recurring basis | Significant unobservable inputs (Level 3)
Assets:
Total assets							29
Recurring basis | Significant unobservable inputs (Level 3) | Cross Currency Interest Rate Contracts
Assets:
Derivatives							$ 29

FAIR VALUE - INSTRUMENTS MEASUR

FAIR VALUE - INSTRUMENTS MEASURED AT FAIR VALUE ON A RECURRING BASIS USING SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3) AND INSTRUMENTS MEASURED AT FAIR VALUE ON A NON-RECURRING BASIS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
Transfers out of Level 3	$ 0
Other comprehensive income (loss).
Total (losses) gains:
Amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains (losses) relating to assets still held	(22)	$ 1
Recurring basis | Cross Currency Interest Rate Contracts
Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
Balance at beginning of period	29	28
Total (losses) gains:
Included in other comprehensive income (loss)	(22)	1
Purchases, sales, issuances and settlements	(7)
Balance at end of period		29
Non-reoccurring basis
Total (losses) gains:
Impairment of long-lived assets	$ 0	$ 0

EMPLOYEE BENEFIT PLANS - INFORM

EMPLOYEE BENEFIT PLANS - INFORMATION (Details)	12 Months Ended
	Dec. 31, 2017item
Defined Benefit Plans | Minimum
EMPLOYEE BENEFIT PLANS
Annual pay credits, percentage of eligible pay	6.00%
Defined Benefit Plans | Maximum
EMPLOYEE BENEFIT PLANS
Annual pay credits, percentage of eligible pay	12.00%
Other Postretirement Benefit Plans
EMPLOYEE BENEFIT PLANS
Number of fully insured Medicare Part D plans in which participants have access	2
Salary deferral plan for new hires | United States | Maximum
EMPLOYEE BENEFIT PLANS
Non-discretionary employer contributions (as a percent)	6.00%
Employer contribution (as a percent of compensation)	4.00%
Total employer contribution (as a percent)	10.00%

EMPLOYEE BENEFIT PLANS - CHANGE

EMPLOYEE BENEFIT PLANS - CHANGE IN BENEFIT OBLIGATION AND PLAN ASSETS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2017	Dec. 31, 2016
Amounts recognized in balance sheet:
Noncurrent asset				$ 22	$ 1
Defined Benefit Plans
Change in plan assets
Fair value of plan assets at beginning of year	$ 2,400
Fair value of plan assets at end of year	2,700	$ 2,400
Funded status
Fair value of plan assets	2,400	2,400		2,700	2,400
Defined Benefit Plans | United States
Change in benefit obligation
Benefit obligation at beginning of year	1,049	953
Service cost	30	30	$ 32
Interest cost	44	47	42
Actuarial (gain) loss	91	73
Benefits paid	(61)	(54)
Benefit obligation at end of year	1,153	1,049	953
Change in plan assets
Fair value of plan assets at beginning of year	721	716
Actual return on plan assets	104	53
Company contributions	57	6
Benefits paid	(61)	(54)
Fair value of plan assets at end of year	821	721	716
Funded status
Fair value of plan assets	721	716	716	821	721
Benefit obligation	1,049	953	953	1,153	1,049
Accrued benefit cost				(332)	(328)
Amounts recognized in balance sheet:
Current liability				(10)	(6)
Noncurrent liability				(322)	(322)
Total				(332)	(328)
Defined Benefit Plans | Non-U.S. Defined Benefit Plans
Change in benefit obligation
Benefit obligation at beginning of year	2,064	1,986
Service cost	33	29	34
Interest cost	35	41	45
Participant contributions	5	5
Plan amendments	(1)
Foreign currency exchange rate changes	207	(165)
Special termination benefits	1
Settlements/transfers/divestitures		(2)
Curtailments		(1)
Actuarial (gain) loss	(10)	242
Benefits paid	(75)	(71)
Benefit obligation at end of year	2,259	2,064	1,986
Change in plan assets
Fair value of plan assets at beginning of year	1,639	1,637
Actual return on plan assets	109	175
Foreign currency exchange rate changes	166	(143)
Participant contributions	5	5
Company contributions	39	36
Benefits paid	(75)	(71)
Fair value of plan assets at end of year	1,883	1,639	1,637
Funded status
Fair value of plan assets	1,639	1,637	1,637	1,883	1,639
Benefit obligation	2,064	1,986	1,986	2,259	2,064
Accrued benefit cost				(376)	(425)
Amounts recognized in balance sheet:
Noncurrent asset				22	1
Current liability				(5)	(5)
Noncurrent liability				(393)	(421)
Total				(376)	(425)
Other Postretirement Benefit Plans | United States
Change in benefit obligation
Benefit obligation at beginning of year	93	87
Service cost	3	2	4
Interest cost	3	4	5
Participant contributions	2	3
Actuarial (gain) loss	(12)	8
Benefits paid	(9)	(11)
Benefit obligation at end of year	80	93	87
Change in plan assets
Participant contributions	2	3
Company contributions	7	8
Benefits paid	(9)	(11)
Funded status
Benefit obligation	$ 93	$ 87	$ 87	80	93
Accrued benefit cost				(80)	(93)
Amounts recognized in balance sheet:
Current liability				(7)	(8)
Noncurrent liability				(73)	(85)
Total				$ (80)	$ (93)

EMPLOYEE BENEFIT PLANS - AMOUNT

EMPLOYEE BENEFIT PLANS - AMOUNTS RECOGNIZED AND AMOUNTS EXPECTED TO BE RECOGNIZED IN OTHER COMPREHENSIVE INCOME LOSS AND COMPONENTS OF NET PERIODIC BENEFIT COST (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Components of net periodic benefit cost
Amortization of actuarial loss	$ 73	$ 55	$ 66
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Components of net periodic benefit cost
Amortization of actuarial loss	76	58	68
Defined Benefit Plans | United States
Amounts recognized in accumulated other comprehensive loss:
Net actuarial loss	419	407
Prior service credit	(15)	(17)
Total	404	390
Amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit cost during the next fiscal year
Actuarial loss	33
Prior service credit	(2)
Total	31
Components of net periodic benefit cost
Service cost	30	30	32
Interest cost	44	47	42
Expected return on plan assets	(55)	(54)	(56)
Amortization of prior service credit	(2)	(5)	(6)
Amortization of actuarial loss	30	25	32
Net periodic benefit cost	47	43	44
Defined Benefit Plans | United States | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Amounts recognized in accumulated other comprehensive loss:
Net actuarial loss	420	408
Prior service credit	(15)	(17)
Total	405	391
Amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit cost during the next fiscal year
Actuarial loss	33
Prior service credit	(2)
Total	31
Components of net periodic benefit cost
Service cost	30	30	32
Interest cost	44	47	42
Expected return on plan assets	(55)	(54)	(56)
Amortization of prior service credit	(2)	(5)	(6)
Amortization of actuarial loss	30	25	32
Net periodic benefit cost	47	43	44
Defined Benefit Plans | Non-U.S. Defined Benefit Plans
Amounts recognized in accumulated other comprehensive loss:
Net actuarial loss	1,000	1,100
Prior service credit	(29)	(31)
Total	971	1,069
Amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit cost during the next fiscal year
Actuarial loss	38
Prior service credit	(5)
Total	33
Components of net periodic benefit cost
Service cost	33	29	34
Interest cost	35	41	45
Expected return on plan assets	(100)	(93)	(93)
Amortization of prior service credit	(5)	(4)	(1)
Amortization of actuarial loss	45	31	34
Special termination benefits	1		1
Net periodic benefit cost	9	4	20
Defined Benefit Plans | Non-U.S. Defined Benefit Plans | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Amounts recognized in accumulated other comprehensive loss:
Net actuarial loss	1,030	1,137
Prior service credit	(29)	(31)
Total	1,001	1,106
Amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit cost during the next fiscal year
Actuarial loss	41
Prior service credit	(5)
Total	36
Components of net periodic benefit cost
Service cost	33	29	34
Interest cost	35	41	45
Expected return on plan assets	(100)	(93)	(93)
Amortization of prior service credit	(5)	(4)	(1)
Amortization of actuarial loss	48	34	37
Special termination benefits	1		1
Net periodic benefit cost	12	7	23
Other Postretirement Benefit Plans | United States
Amounts recognized in accumulated other comprehensive loss:
Net actuarial loss	30	45
Prior service credit	(45)	(51)
Total	(15)	(6)
Amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit cost during the next fiscal year
Actuarial loss	2
Prior service credit	(6)
Total	(4)
Components of net periodic benefit cost
Service cost	3	2	4
Interest cost	3	4	5
Amortization of prior service credit	(6)	(7)	(5)
Amortization of actuarial loss	3	2	3
Net periodic benefit cost	3	1	7
Other Postretirement Benefit Plans | United States | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Amounts recognized in accumulated other comprehensive loss:
Net actuarial loss	30	45
Prior service credit	(45)	(51)
Total	(15)	(6)
Amounts in accumulated other comprehensive loss that are expected to be recognized as components of net periodic benefit cost during the next fiscal year
Actuarial loss	2
Prior service credit	(6)
Total	(4)
Components of net periodic benefit cost
Service cost	3	2	4
Interest cost	3	4	5
Amortization of prior service credit	(6)	(7)	(5)
Amortization of actuarial loss	3	2	3
Net periodic benefit cost	$ 3	1	$ 7
Other Postretirement Benefit Plans | Non-U.S. Defined Benefit Plans
Amounts recognized in accumulated other comprehensive loss:
Net actuarial loss		1
Prior service credit		(2)
Total		(1)
Other Postretirement Benefit Plans | Non-U.S. Defined Benefit Plans | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Amounts recognized in accumulated other comprehensive loss:
Net actuarial loss		1
Prior service credit		(2)
Total		$ (1)

EMPLOYEE BENEFIT PLANS - AMO107

EMPLOYEE BENEFIT PLANS - AMOUNTS RECOGNIZED IN NET PERIODIC BENEFIT COST AND OTHER COMPREHENSIVE INCOME (LOSS) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Defined Benefit Plans | United States
Amounts recognized in net periodic benefit cost and other comprehensive income (loss)
Current year actuarial loss (gain)	$ 42	$ 74	$ 2
Amortization of actuarial loss	(30)	(25)	(32)
Amortization of prior service credit	2	5	6
Amounts related to discontinued operations	3		1
Total recognized in other comprehensive income (loss)	14	54	(24)
Total recognized in other comprehensive income (loss) in continuing operations	17	54	(23)
Net periodic benefit cost	47	43	44
Total recognized in net periodic benefit cost and other comprehensive income (loss)	$ 64	$ 97	$ 21
Projected benefit obligation:
Discount rate (as a percent)	3.74%	4.24%	4.90%
Rate of compensation increase (as a percent)	4.13%	4.17%	4.17%
Net periodic pension cost:
Discount rate (as a percent)	4.24%	4.90%	4.25%
Rate of compensation increase (as a percent)	4.17%	4.17%	4.19%
Expected return on plan assets (as a percent)	7.55%	7.54%	7.75%
Defined Benefit Plans | United States | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Amounts recognized in net periodic benefit cost and other comprehensive income (loss)
Current year actuarial loss (gain)	$ 42	$ 74	$ 2
Amortization of actuarial loss	(30)	(25)	(32)
Amortization of prior service credit	2	5	6
Amounts related to discontinued operations	3		1
Total recognized in other comprehensive income (loss)	14	54	(24)
Total recognized in other comprehensive income (loss) in continuing operations	17	54	(23)
Net periodic benefit cost	47	43	44
Total recognized in net periodic benefit cost and other comprehensive income (loss)	64	97	21
Defined Benefit Plans | Non-U.S. Defined Benefit Plans
Amounts recognized in net periodic benefit cost and other comprehensive income (loss)
Current year actuarial loss (gain)	(42)	235	33
Amortization of actuarial loss	(61)	(42)	(43)
Current year prior service (credits) cost	(2)		(32)
Amortization of prior service credit	4	4
Curtailment (gain)/loss	3
Amounts related to discontinued operations	37	(65)	(13)
Total recognized in other comprehensive income (loss)	(98)	197	(42)
Total recognized in other comprehensive income (loss) in continuing operations	(61)	132	(55)
Net periodic benefit cost	9	4	20
Total recognized in net periodic benefit cost and other comprehensive income (loss)	$ (52)	$ 136	$ (35)
Projected benefit obligation:
Discount rate (as a percent)	1.65%	1.61%	2.15%
Rate of compensation increase (as a percent)	3.38%	3.37%	3.28%
Net periodic pension cost:
Discount rate (as a percent)	1.61%	2.15%	2.15%
Rate of compensation increase (as a percent)	3.37%	3.28%	3.35%
Expected return on plan assets (as a percent)	5.68%	5.91%	5.69%
Defined Benefit Plans | Non-U.S. Defined Benefit Plans | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Amounts recognized in net periodic benefit cost and other comprehensive income (loss)
Current year actuarial loss (gain)	$ (42)	$ 235	$ 33
Amortization of actuarial loss	(68)	(49)	(51)
Current year prior service (credits) cost	(2)		(32)
Amortization of prior service credit	4	4
Curtailment (gain)/loss	3
Amounts related to discontinued operations	42	(61)	(8)
Total recognized in other comprehensive income (loss)	(105)	190	(50)
Total recognized in other comprehensive income (loss) in continuing operations	(63)	129	(58)
Net periodic benefit cost	12	7	23
Total recognized in net periodic benefit cost and other comprehensive income (loss)	(51)	136	(35)
Other Postretirement Benefit Plans | United States
Amounts recognized in net periodic benefit cost and other comprehensive income (loss)
Current year actuarial loss (gain)	(12)	9	(9)
Amortization of actuarial loss	(3)	(2)	(3)
Current year prior service (credits) cost			(40)
Amortization of prior service credit	6	7	5
Amounts related to discontinued operations		(1)	1
Total recognized in other comprehensive income (loss)	(9)	14	(47)
Total recognized in other comprehensive income (loss) in continuing operations	(9)	13	(46)
Net periodic benefit cost	3	1	7
Total recognized in net periodic benefit cost and other comprehensive income (loss)	$ (6)	$ 14	$ (39)
Projected benefit obligation:
Discount rate (as a percent)	3.57%	4.03%	4.68%
Net periodic pension cost:
Discount rate (as a percent)	4.03%	4.68%	4.37%
Other Postretirement Benefit Plans | United States | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Amounts recognized in net periodic benefit cost and other comprehensive income (loss)
Current year actuarial loss (gain)	$ (12)	$ 9	$ (9)
Amortization of actuarial loss	(3)	(2)	(3)
Current year prior service (credits) cost			(40)
Amortization of prior service credit	6	7	5
Amounts related to discontinued operations		(1)	1
Total recognized in other comprehensive income (loss)	(9)	14	(47)
Total recognized in other comprehensive income (loss) in continuing operations	(9)	13	(46)
Net periodic benefit cost	3	1	7
Total recognized in net periodic benefit cost and other comprehensive income (loss)	(6)	14	$ (39)
Other Postretirement Benefit Plans | Non-U.S. Defined Benefit Plans
Amounts recognized in net periodic benefit cost and other comprehensive income (loss)
Amortization of actuarial loss	(1)
Current year prior service (credits) cost		(2)
Amortization of prior service credit	2
Amounts related to discontinued operations	(1)	3
Total recognized in other comprehensive income (loss)	$ 1	(2)
Total recognized in other comprehensive income (loss) in continuing operations		1
Total recognized in net periodic benefit cost and other comprehensive income (loss)		$ 1
Projected benefit obligation:
Discount rate (as a percent)	3.30%	3.50%	3.70%
Net periodic pension cost:
Discount rate (as a percent)	3.50%	3.70%	3.80%
Other Postretirement Benefit Plans | Non-U.S. Defined Benefit Plans | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Amounts recognized in net periodic benefit cost and other comprehensive income (loss)
Amortization of actuarial loss	$ (1)
Current year prior service (credits) cost		$ (2)
Amortization of prior service credit	2
Amounts related to discontinued operations	(1)	3
Total recognized in other comprehensive income (loss)	$ 1	(2)
Total recognized in other comprehensive income (loss) in continuing operations		1
Total recognized in net periodic benefit cost and other comprehensive income (loss)		$ 1

EMPLOYEE BENEFIT PLANS - HEALTH

EMPLOYEE BENEFIT PLANS - HEALTH CARE TREND RATES, EFFECTS OF ONE PERCENT CHANGE IN HEALTH CARE COST RATES AND EXPECTED BENEFIT PAYMENTS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Health care trend rate
Health care trend rate (as a percent)	7.00%	7.00%
Ultimate health care trend rate (as a percent)	5.00%	5.00%
Expected benefit payments:
Net transfer out of Level 3 assets due to a change in the significance of unobservable inputs for several investments	$ 0
Defined Benefit Plans | United States
Projected benefit obligation in excess of plan assets
Projected benefit obligation	1,153	$ 1,049
Fair value of plan assets	821	721
Accumulated benefit obligation in excess of plan assets
Projected benefit obligation	1,153	1,049
Accumulated benefit obligation	1,127	1,022
Fair value of plan assets	821	721
2018 expected employer contributions:
To plan trusts	51
Expected benefit payments:
2,018	72
2,019	61
2,020	62
2,021	62
2,022	107
2023 - 2027	370
Defined Benefit Plans | Non-U.S. Defined Benefit Plans
Projected benefit obligation in excess of plan assets
Projected benefit obligation	1,213	2,050
Fair value of plan assets	815	1,623
Accumulated benefit obligation in excess of plan assets
Projected benefit obligation	1,026	1,121
Accumulated benefit obligation	957	1,043
Fair value of plan assets	638	$ 721
2018 expected employer contributions:
To plan trusts	38
Expected benefit payments:
2,018	71
2,019	71
2,020	74
2,021	78
2,022	79
2023 - 2027	428
Other Postretirement Benefit Plans | United States
2018 expected employer contributions:
To plan trusts	7
Expected benefit payments:
2,018	7
2,019	7
2,020	6
2,021	6
2,022	6
2023 - 2027	$ 31

EMPLOYEE BENEFIT PLANS - FAIR V

EMPLOYEE BENEFIT PLANS - FAIR VALUE OF PLAN ASSETS (Details) - Defined Benefit Plans - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2018
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	$ 2,700	$ 2,400
Minimum
Fair Value Measurements of Plan Assets
Expected long term rate of return on the pension assets (as a percent)	5.68%
Maximum
Fair Value Measurements of Plan Assets
Expected long term rate of return on the pension assets (as a percent)	7.75%
United States
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	$ 821	$ 721	$ 716
Fair Value Measurements of Plan Assets
Expected long term rate of return on the pension assets (as a percent)	7.55%	7.54%	7.75%
Allocation (as a percent)	100.00%	100.00%
United States | Forecast
Fair Value Measurements of Plan Assets
Target allocation (as a percent)				100.00%
United States | Quoted prices in active markets for identical assets (Level 1)
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	$ 557	$ 482
United States | Significant other observable inputs (Level 2)
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	194	175
United States | Significant unobservable inputs (Level 3)
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	70	64
United States | Recurring basis
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	821	721
Non-U.S. Defined Benefit Plans
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	$ 1,883	$ 1,639	$ 1,637
Fair Value Measurements of Plan Assets
Expected long term rate of return on the pension assets (as a percent)	5.68%	5.91%	5.69%
Allocation (as a percent)	100.00%	100.00%
Non-U.S. Defined Benefit Plans | Forecast
Fair Value Measurements of Plan Assets
Target allocation (as a percent)				100.00%
Non-U.S. Defined Benefit Plans | Quoted prices in active markets for identical assets (Level 1)
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	$ 844	$ 836
Non-U.S. Defined Benefit Plans | Significant other observable inputs (Level 2)
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	984	761
Non-U.S. Defined Benefit Plans | Significant unobservable inputs (Level 3)
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	55	42
Non-U.S. Defined Benefit Plans | Recurring basis
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	$ 1,883	$ 1,639
Investments in equity securities | United States
Fair Value Measurements of Plan Assets
Allocation (as a percent)	54.00%	53.00%
Investments in equity securities | United States | Forecast
Fair Value Measurements of Plan Assets
Target allocation (as a percent)				53.00%
Investments in equity securities | United States | Quoted prices in active markets for identical assets (Level 1)
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	$ 318	$ 272
Investments in equity securities | United States | Significant other observable inputs (Level 2)
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	122	111
Investments in equity securities | United States | Recurring basis
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	$ 440	$ 383
Investments in equity securities | Non-U.S. Defined Benefit Plans
Fair Value Measurements of Plan Assets
Allocation (as a percent)	32.00%	36.00%
Investments in equity securities | Non-U.S. Defined Benefit Plans | Forecast
Fair Value Measurements of Plan Assets
Target allocation (as a percent)				38.00%
Investments in equity securities | Non-U.S. Defined Benefit Plans | Quoted prices in active markets for identical assets (Level 1)
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	$ 230	$ 245
Investments in equity securities | Non-U.S. Defined Benefit Plans | Significant other observable inputs (Level 2)
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	372	349
Investments in equity securities | Non-U.S. Defined Benefit Plans | Recurring basis
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	$ 602	$ 594
Fixed income | United States
Fair Value Measurements of Plan Assets
Allocation (as a percent)	38.00%	38.00%
Fixed income | United States | Forecast
Fair Value Measurements of Plan Assets
Target allocation (as a percent)				39.00%
Fixed income | United States | Quoted prices in active markets for identical assets (Level 1)
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	$ 239	$ 210
Fixed income | United States | Significant other observable inputs (Level 2)
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	72	64
Fixed income | United States | Recurring basis
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	$ 311	$ 274
Fixed income | Non-U.S. Defined Benefit Plans
Fair Value Measurements of Plan Assets
Allocation (as a percent)	39.00%	37.00%
Fixed income | Non-U.S. Defined Benefit Plans | Forecast
Fair Value Measurements of Plan Assets
Target allocation (as a percent)				37.00%
Fixed income | Non-U.S. Defined Benefit Plans | Quoted prices in active markets for identical assets (Level 1)
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	$ 477	$ 509
Fixed income | Non-U.S. Defined Benefit Plans | Significant other observable inputs (Level 2)
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	262	90
Fixed income | Non-U.S. Defined Benefit Plans | Recurring basis
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	739	599
Real Estate/Other
Fair Value Measurements of Plan Assets
Balance at beginning of period	106	104
Return on pension plan assets	14	4
Purchases, sales and settlements	5	(2)
Balance at end of period	$ 125	$ 106	$ 104
Real Estate/Other | United States
Fair Value Measurements of Plan Assets
Allocation (as a percent)	8.00%	9.00%
Real Estate/Other | United States | Forecast
Fair Value Measurements of Plan Assets
Target allocation (as a percent)				8.00%
Real Estate/Other | United States | Significant unobservable inputs (Level 3)
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	$ 70	$ 64
Real Estate/Other | United States | Recurring basis
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	$ 70	$ 64
Real Estate/Other | Non-U.S. Defined Benefit Plans
Fair Value Measurements of Plan Assets
Allocation (as a percent)	27.00%	26.00%
Real Estate/Other | Non-U.S. Defined Benefit Plans | Forecast
Fair Value Measurements of Plan Assets
Target allocation (as a percent)				24.00%
Real Estate/Other | Non-U.S. Defined Benefit Plans | Quoted prices in active markets for identical assets (Level 1)
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	$ 104	$ 66
Real Estate/Other | Non-U.S. Defined Benefit Plans | Significant other observable inputs (Level 2)
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	349	322
Real Estate/Other | Non-U.S. Defined Benefit Plans | Significant unobservable inputs (Level 3)
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	55	42
Real Estate/Other | Non-U.S. Defined Benefit Plans | Recurring basis
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	$ 508	$ 430
Cash | Non-U.S. Defined Benefit Plans
Fair Value Measurements of Plan Assets
Allocation (as a percent)	2.00%	1.00%
Cash | Non-U.S. Defined Benefit Plans | Forecast
Fair Value Measurements of Plan Assets
Target allocation (as a percent)				1.00%
Cash | Non-U.S. Defined Benefit Plans | Quoted prices in active markets for identical assets (Level 1)
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	$ 33	$ 16
Cash | Non-U.S. Defined Benefit Plans | Significant other observable inputs (Level 2)
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	1
Cash | Non-U.S. Defined Benefit Plans | Recurring basis
EMPLOYEE BENEFIT PLANS
Fair value of plan assets	$ 34	$ 16

EMPLOYEE BENEFIT PLANS - DEFINE

EMPLOYEE BENEFIT PLANS - DEFINED CONTRIBUTION PLANS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
SUPPLEMENTAL SALARY DEFERRAL PLAN AND SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN
Maximum percentage of salary which participant can defer under Huntsman supplemental deferral plan	75.00%
Carrying amount of assets included in other noncurrent assets	$ 33	$ 27
Deferred compensation expense	1	1	$ 1
United States
DEFINED CONTRIBUTION PLANS
Total defined contribution expense	22	20	20
Non-U.S. Defined Benefit Plans
DEFINED CONTRIBUTION PLANS
Total defined contribution expense	$ 5	$ 4	$ 5
Money purchase pension plan | United States
DEFINED CONTRIBUTION PLANS
Non-discretionary employer contributions (as a percent)	8.00%
Salary deferral plan | United States | Maximum
DEFINED CONTRIBUTION PLANS
Employer contribution (as a percent of compensation)	4.00%
Salary deferral plan for new hires | United States | Maximum
DEFINED CONTRIBUTION PLANS
Non-discretionary employer contributions (as a percent)	6.00%
Employer contribution (as a percent of compensation)	4.00%
Huntsman UK Pension Plan | Non-U.S. Defined Benefit Plans
DEFINED CONTRIBUTION PLANS
Transition period for contributions	5 years
Employer contribution (as a percent of compensation)	15.00%
Huntsman UK Pension Plan New Hires | Non-U.S. Defined Benefit Plans | Maximum
DEFINED CONTRIBUTION PLANS
Employer contribution (as a percent of compensation)	12.00%

EMPLOYEE BENEFIT PLANS - STOCK

EMPLOYEE BENEFIT PLANS - STOCK BASED INCENTIVE PLAN (Details) - shares shares in Millions	Dec. 31, 2017	May 05, 2016
STOCK-BASED COMPENSATION PLAN
Authorized number of shares to be granted under the Stock Incentive Plan	8.2	8.2
Remaining shares available for grant	8
the "Prior Plan"
STOCK-BASED COMPENSATION PLAN
Remaining shares available for grant		0

INCOME TAXES - COMPONENTS OF IN

INCOME TAXES - COMPONENTS OF INCOME TAX EXPENSE (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
U.S.
Current	$ 23	$ 50	$ 54
Deferred	(95)	(15)	17
Non-U.S.
Current	94	55	26
Deferred	42	19	(37)
Total income tax expense	64	109	60
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
U.S.
Current	16	50	52
Deferred	(92)	(16)	17
Non-U.S.
Current	94	55	25
Deferred	43	19	(35)
Total income tax expense	$ 61	$ 108	$ 59

INCOME TAXES - RECONCILIATION T

INCOME TAXES - RECONCILIATION TABLE (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Reconciliation between the U.S. federal income taxes at the U.S. statutory rate to the provision (benefit) for income taxes
Income from continuing operations before income taxes	$ 647	$ 474	$ 488
Expected tax expense at U.S. statutory rate of 35%	227	166	171
Change resulting from:
State tax expense net of federal benefit	(2)	(1)	(3)
Non-U.S. tax rate differentials	(64)	(32)	(2)
Non-taxable portion of gain on sale of European surfactants business		(23)
U.S. Tax Reform Act impact	(52)
U.S. domestic manufacturing deduction			(7)
Currency exchange gains and losses	15	(5)	(38)
Effect of tax holidays			(6)
U.S. foreign tax credits, net of associated income and taxes			(22)
Tax benefit of losses with valuation allowances as a result of other comprehensive income			(2)
Tax authority audits and dispute resolutions	9	2	1
Change in valuation allowance	(72)	(38)	(13)
Other non-U.S. tax effects, including nondeductible expenses, tax effect of rate changes, transfer pricing adjustments and various withholding taxes	3	30	(20)
Other U.S. tax effects, including nondeductible expenses and other credits		10	1
Total income tax expense	$ 64	109	60
U.S. income tax statutory rate (as a percent)	35.00%
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Reconciliation between the U.S. federal income taxes at the U.S. statutory rate to the provision (benefit) for income taxes
Income from continuing operations before income taxes	$ 640	475	493
Expected tax expense at U.S. statutory rate of 35%	224	165	170
Change resulting from:
State tax expense net of federal benefit	(2)	(1)	(3)
Non-U.S. tax rate differentials	(64)	(32)	(2)
Non-taxable portion of gain on sale of European surfactants business		(23)
U.S. Tax Reform Act impact	(53)
U.S. domestic manufacturing deduction			(7)
Currency exchange gains and losses	15	(5)	(38)
Effect of tax holidays			(6)
U.S. foreign tax credits, net of associated income and taxes			(22)
Tax benefit of losses with valuation allowances as a result of other comprehensive income			(2)
Tax authority audits and dispute resolutions	9	2	1
Change in valuation allowance	(72)	(39)	(13)
Other non-U.S. tax effects, including nondeductible expenses, tax effect of rate changes, transfer pricing adjustments and various withholding taxes	4	32	(18)
Other U.S. tax effects, including nondeductible expenses and other credits		9	(1)
Total income tax expense	$ 61	$ 108	$ 59
U.S. income tax statutory rate (as a percent)	35.00%

INCOME TAXES - RECONCILIATION N

INCOME TAXES - RECONCILIATION NARRATIVE (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Tax
Non-U.S. tax rate differentials	$ 64	$ 32	$ 2
Tax benefit of losses with valuation allowances as a result of other comprehensive income			(2)
Tax (expense) benefit from currency exchange gains before valuation allowances and contingencies	(15)	5	38
Tax benefit from foreign exchange transactions			23
Contingent liabilities and valuation allowances			15
Foreign tax credits		5	$ 14
Netherlands, China and Switzerland
Income Tax
Non-U.S. tax rate differentials		$ 32
Netherlands, China, U. K., Switzerland and Luxembourg
Income Tax
Non-U.S. tax rate differentials	$ 64

INCOME TAXES - COMPONENTS OF115

INCOME TAXES - COMPONENTS OF INCOME ((LOSS) FROM CONTINUING OPERATIONS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Component of income (loss) from continuing operations before income taxes
U.S.	$ (39)	$ 91	$ 265
Non-U.S.	686	383	223
Income from continuing operations before income taxes	647	474	488
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Component of income (loss) from continuing operations before income taxes
U.S.	(46)	92	268
Non-U.S.	686	383	225
Income from continuing operations before income taxes	$ 640	$ 475	$ 493

INCOME TAXES - DEFERRED TAX ASS

INCOME TAXES - DEFERRED TAX ASSETS AND LIABILITIES (Details) - USD ($) $ in Millions	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Deferred income tax assets:
Net operating loss carryforwards	$ 411	$ 539
Pension and other employee compensation	204	271
Property, plant and equipment	39	28
Intangible assets	93	99
Foreign tax credits		5	$ 14
Other, net	49	60
Total	796	1,002
Deferred income tax liabilities:
Property, plant and equipment	(363)	(489)
Pension and other employee compensation	(5)	(1)
Intangible assets	(11)	(9)
Other, net	(49)	(125)
Total	(428)	(624)
Net deferred tax asset before valuation allowance	368	378
Valuation allowance-net operating losses and other	(424)	(496)
Net deferred tax liability	(56)	(118)
Non-current deferred tax asset	208	253
Non-current deferred tax liability	(264)	(371)
Net deferred tax liability	(56)	(118)
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Deferred income tax assets:
Net operating loss carryforwards	411	542
Pension and other employee compensation	203	269
Property, plant and equipment	39	32
Intangible assets	93	99
Foreign tax credits		5
Other, net	49	59
Total	795	1,006
Deferred income tax liabilities:
Property, plant and equipment	(362)	(486)
Pension and other employee compensation	(5)	(1)
Intangible assets	(11)	(9)
Other, net	(50)	(125)
Total	(428)	(621)
Net deferred tax asset before valuation allowance	367	385
Valuation allowance-net operating losses and other	(424)	(499)
Net deferred tax liability	(57)	(114)
Non-current deferred tax asset	208	253
Non-current deferred tax liability	(265)	(367)
Net deferred tax liability	$ (57)	$ (114)

INCOME TAXES - TAX CREDITS AND

INCOME TAXES - TAX CREDITS AND OPERATING LOSS CARRYFORWARDS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Tax
Deferred Tax Assets, Operating Loss Carryforwards	$ 411	$ 539
Valuation allowance on net deferred tax assets	424	496	$ 526	$ 518
Releases of valuation allowances in various jurisdictions	22	19	3
Establishments of valuation allowances in various jurisdictions		12	21
Establishment (release) of valuation allowances on U.S. foreign tax credits			14
Non-US
Income Tax
Operating loss carryforwards	1,615
Operating loss carryforwards, subject to expiration	479
Portion of operating loss carryforwards that are subject to expiration, subject to valuation allowance	461
Non-US | Expiration in 2018
Income Tax
Portion of operating loss carryforwards that are subject to expiration, subject to valuation allowance	133
Luxembourg
Income Tax
Operating loss carryforwards	707
Operating loss carryforwards, valuation allowance	144
Deferred Tax Assets, Operating Loss Carryforwards	184
Releases of valuation allowances in various jurisdictions	15
Italy
Income Tax
Releases of valuation allowances in various jurisdictions	$ 7
Establishments of valuation allowances in various jurisdictions		9
China
Income Tax
Establishments of valuation allowances in various jurisdictions		3
Spain
Income Tax
Releases of valuation allowances in various jurisdictions		12
Netherlands
Income Tax
Releases of valuation allowances in various jurisdictions		$ 7
Establishments of valuation allowances in various jurisdictions			$ 7

INCOME TAXES - SUMMARY OF CHANG

INCOME TAXES - SUMMARY OF CHANGES IN VALUATION ALLOWANCE (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Summary of changes in the valuation allowance
Valuation allowance at the beginning of the period	$ 496	$ 526	$ 518
Valuation allowance at the end of the period	424	496	526
Net (increase) decrease	72	30	(8)
Foreign currency movements	11	(11)	(4)
(Decrease) increase to deferred tax assets with no impact on operating tax expense, including an offsetting (decrease) increase to valuation allowances	(11)	19	25
Change in valuation allowance per rate reconciliation	72	38	13
Components of change in valuation allowance affecting tax expense
Pre-tax income and losses in jurisdictions with valuation allowances resulting in no tax expense or benefit	50	31	31
Releases of valuation allowances in various jurisdictions	22	19	3
Establishments of valuation allowances in various jurisdictions		(12)	(21)
Change in valuation allowance per rate reconciliation	72	38	13
Expense (benefit) as a result of pre-tax income and losses in jurisdictions with valuation allowances	0	0	0
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Summary of changes in the valuation allowance
Valuation allowance at the beginning of the period	499	530	522
Valuation allowance at the end of the period	424	499	530
Net (increase) decrease	75	31	(8)
Foreign currency movements	11	(11)	(4)
(Decrease) increase to deferred tax assets with no impact on operating tax expense, including an offsetting (decrease) increase to valuation allowances	(14)	19	25
Change in valuation allowance per rate reconciliation	72	39	13
Components of change in valuation allowance affecting tax expense
Pre-tax income and losses in jurisdictions with valuation allowances resulting in no tax expense or benefit	49	32	31
Releases of valuation allowances in various jurisdictions	23	19	3
Establishments of valuation allowances in various jurisdictions		(12)	(21)
Change in valuation allowance per rate reconciliation	72	39	13
Expense (benefit) as a result of pre-tax income and losses in jurisdictions with valuation allowances	$ 0	$ 0	$ 0

INCOME TAXES - UNRECOGNIZED TAX

INCOME TAXES - UNRECOGNIZED TAX BENEFITS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Reconciliation of unrecognized tax benefits
Unrecognized tax benefits, balance at the beginning of the period	$ 17	$ 37
Gross increases and decreases-tax positions taken during the prior period	3	1
Gross increases and decreases-tax positions taken during the current period	4	3
Decreases related to settlement of amounts due to tax authorities		(21)
Reductions resulting from the lapse of statutes of limitation	(2)	(1)
Foreign currency movements	1	(2)
Unrecognized tax benefits, balance at the end of the period	23	17	$ 37
Unrecognized tax benefits which, if recognized, would affect the effective tax rate	19	9
Net increase (decrease) in unrecognized tax benefits with a corresponding income tax expense	9	2	$ 1
Interest and penalties related to unrecognized tax benefits included in tax expense
Interest expense included in tax expense		1
Interest and penalties accrued related to unrecognized tax benefits
Accrued liability for interest	$ 3	$ 3
Number of months from the reporting date during which unrecognized tax benefit would result in change in income tax	12 months
Minimum
Interest and penalties accrued related to unrecognized tax benefits
Decrease in the unrecognized tax benefits reasonably possible, low end of range	$ 0
Maximum
Interest and penalties accrued related to unrecognized tax benefits
Decrease in the unrecognized tax benefits reasonably possible, low end of range	$ 9

INCOME TAXES - U.S. TAX REFORM

INCOME TAXES - U.S. TAX REFORM ACT (Details) - USD ($) $ in Millions	Dec. 22, 2017	Dec. 31, 2017	Dec. 31, 2018	Dec. 31, 2017
Income Tax
Period of one-time transition tax	8 years
Corporate tax rate				35.00%
Provisional decrease of deferred tax assets				$ 12
Provisional decrease of deferred tax liability				149
Net deferred tax expense (benefit)		$ (52)		(137)
Provisional tax expense due to the transition tax on deemed repatriation of deferred foreign income				85
Provisional transition tax liability, if second offering and tax-related restructuring transactions absent		$ 12		12
Rubicon LLC
Income Tax
Provisional decrease of deferred tax assets				12
Net deferred tax expense (benefit)				$ 12
Variable interest entity ownership percentage				50.00%
Tax expense [offset] in net income attributable to NCI				$ 6
Forecast
Income Tax
Corporate tax rate			21.00%

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - PURCHASE COMMITMENTS AND OPERATING LEASES (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
COMMITMENTS AND CONTINGENCIES
Minimum contracts period which require minimum volume purchases	1 year
Minimum payments under purchase commitments	$ 0	$ 1	$ 0
Purchase commitments:
2,018	1,299
2,019	1,285
2,020	701
2,021	499
2,022	495
Thereafter	2,087
Total	6,366
Operating Leases
Rent expense	80	81	86
Sublease rentals	2	$ 2	$ 2
Future minimum lease payments
2,018	74
2,019	67
2,020	60
2,021	54
2,022	49
Thereafter	134
Total	438
Minimum sublease rentals	$ 2

COMMITMENTS AND CONTINGENCIE122

COMMITMENTS AND CONTINGENCIES - LEGAL MATTERS (Details) $ in Millions	Dec. 31, 2017USD ($)
Indemnification Matters
LEGAL MATTERS
Accrued liability relating to the cases	$ 0

ENVIRONMENTAL, HEALTH AND SA123

ENVIRONMENTAL, HEALTH AND SAFETY MATTERS (Details) $ in Millions	12 Months Ended
	Dec. 31, 2017USD ($)item	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Environmental, Health, and Safety Matters
Capital expenditures for EHS matters	$ 47	$ 55	$ 121
Accrued environmental liabilities	21	22
Environmental liabilities, classified as accrued liabilities	6	7
Environmental liabilities, classified as other noncurrent liabilities	$ 15	$ 15
Maximum period for payment of remediation liabilities	30 years
Number of former facilities or third-party sites with potential claims against the entity for cleanup liabilities | item	6
West Footscray
Environmental, Health, and Safety Matters
Accrued environmental liabilities	$ 14

HUNTSMAN CORPORATION STOCKHO124

HUNTSMAN CORPORATION STOCKHOLDERS’ EQUITY (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	Feb. 07, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Jan. 31, 2016	Oct. 27, 2015	Sep. 29, 2015
DIVIDENDS ON COMMON STOCK
Cash dividends paid		$ 30	$ 30	$ 30	$ 30	$ 30	$ 30	$ 30	$ 30	$ 120	$ 120	$ 121
Cash dividends paid (in dollars per share)		$ 0.125	$ 0.125	$ 0.125	$ 0.125	$ 0.125	$ 0.125	$ 0.125	$ 0.125	$ 0.50	$ 0.50	$ 0.50
Cash declared paid (in dollars per share)	$ 0.6125
Citibank, N.A
SHARE REPURCHASE PROGRAM
Value authorized to be repurchased														$ 100
Shares authorized for repurchase													1.5	7.1
Stock repurchase price (in dollars per share)														$ 11.94
Share Repurchase Program 2015
SHARE REPURCHASE PROGRAM
Remaining amount authorized for repurchase	$ 50	$ 50								$ 50
Share Repurchase Program 2015 | Maximum
SHARE REPURCHASE PROGRAM
Value authorized to be repurchased															$ 150
Share Repurchase Program 2018 | Maximum
SHARE REPURCHASE PROGRAM
Value authorized to be repurchased	$ 400

STOCK-BASED COMPENSATION PLAN -

STOCK-BASED COMPENSATION PLAN - COMPENSATION COST AND STOCK OPTIONS (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	May 05, 2016
STOCK-BASED COMPENSATION PLAN
Authorized number of shares to be granted under the Stock Incentive Plan	8,200			8,200
Remaining shares available for grant	8,000
Compensation cost from continuing operations	$ 36	$ 32	$ 29
Total income tax benefit recognized in the statements of operations for stock-based compensation arrangements	$ 18	$ 7	$ 6
Stock options
Weighted average of the assumptions utilized for stock options granted
Dividend yield (as a percent)	2.40%	5.60%	2.30%
Expected volatility (as a percent)	56.90%	57.90%	57.60%
Risk-free interest rate (as a percent)	2.00%	1.40%	1.40%
Expected life of stock options granted during the period	5 years 10 months 24 days	5 years 10 months 24 days	5 years 10 months 24 days
Shares
Outstanding at the beginning of the period (in shares)	11,245
Granted (in shares)	997
Exercised (in shares)	(3,772)
Forfeited (in shares)	(65)
Converted to Venator awards (in shares)	(417)
Outstanding at the end of the period (in shares)	7,988	11,245
Exercisable at the end of the period (in shares)	5,403
Weighted Average Exercise Price
Outstanding at the beginning of the period (in dollars per share)	$ 13.37
Granted (in dollars per share)	21.04
Exercised (in dollars per share)	13.90
Forfeited (in dollars per share)	17.67
Converted to Venator awards (in dollars per share)	5
Outstanding at the end of the period (in dollars per share)	13.99	$ 13.37
Exercisable at the end of the period (in dollars per share)	$ 14.05
Outstanding, Weighted Average Remaining Contractual Term (years)	6 years
Exercisable, Weighted Average Remaining Contractual Term (years)	4 years 10 months 24 days
Outstanding, Aggregate Intrinsic Value (in dollars)	$ 154
Exercisable, Aggregate Intrinsic Value (in dollars)	$ 104
Weighted-average grant-date fair value of stock options granted (in dollars per share)	$ 9.26	$ 3.15	$ 9.81
Total unrecognized compensation cost	$ 8
Weighted-average period over which cost is expected to be recognized (years)	1 year 8 months 12 days
Total intrinsic value of stock options exercised	$ 48	$ 1	$ 0
Cash received from stock options exercised	35	1	1
Cash tax benefit from stock options exercised	$ 15	0	0
Stock options | Maximum
STOCK-BASED COMPENSATION PLAN
Contractual term	10 years
Outstanding stock-based awards
STOCK-BASED COMPENSATION PLAN
Vesting period	3 years
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
STOCK-BASED COMPENSATION PLAN
Compensation cost from continuing operations	$ 35	$ 31	$ 28

STOCK-BASED COMPENSATION PLA126

STOCK-BASED COMPENSATION PLAN - NONVESTED SHARES (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Performance Awards
STOCK-BASED COMPENSATION PLAN
Vesting period	2 years
Weighted-average expected volatility rate	45.00%	39.30%	30.00%
Weighted-average risk-free interest rate (as a percent)	1.50%	0.90%	0.70%
Performance Awards | Minimum
Additional information
Performance period	2 years
Performance Awards | Maximum
Additional information
Performance period	3 years
Equity Awards
Shares
Nonvested at the beginning of the period (in shares)	2,996,000
Granted (in shares)	779,000
Vested (in shares)	(1,052,000)
Forfeited (in shares)	(29,000)
Converted to Venator awards (in shares)	(237,000)
Nonvested at the end of the period (in shares)	2,457,000	2,996,000
Weighted Average Grant-Date Fair Value
Nonvested at the beginning of the period (in dollars per share)	$ 13.36
Granted (in dollars per share)	22.60
Vested (in dollars per share)	16.11
Forfeited (in dollars per share)	15.61
Converted to Venator awards (Weighted average exercise price)	11.81
Nonvested at the end of the period (in dollars per share)	$ 14.93	$ 13.36
Liability Awards
Shares
Nonvested at the beginning of the period (in shares)	912,000
Granted (in shares)	285,000
Vested (in shares)	(372,000)
Forfeited (in shares)	(36,000)
Converted to Venator awards (in shares)	(93,000)
Nonvested at the end of the period (in shares)	696,000	912,000
Weighted Average Grant-Date Fair Value
Nonvested at the beginning of the period (in dollars per share)	$ 12.27
Granted (in dollars per share)	21.01
Vested (in dollars per share)	14.11
Forfeited (in dollars per share)	12.22
Converted to Venator awards (Weighted average exercise price)	13.72
Nonvested at the end of the period (in dollars per share)	$ 14.69	$ 12.27
Restricted stock units
Shares
Vested (in shares)	(25,704)
Additional information
Units vested but not yet issued	460,750
Nonvested shares
Additional information
Total unrecognized compensation cost	$ 28
Weighted-average period over which cost is expected to be recognized (years)	1 year 8 months 12 days
Value of share awards vested	$ 22	$ 16	$ 20

OTHER COMPREHENSIVE INCOME (127

OTHER COMPREHENSIVE INCOME (LOSS) - COMPONENTS AND CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS - HUNTSMAN CORPORATION (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Components of other comprehensive loss
Balance at the beginning of the period	$ 1,467	$ 1,629	$ 1,951
Other comprehensive income (loss), net of tax	296	(391)	(240)
Balance at the end of the period	3,371	1,467	1,629
Total
Components of other comprehensive loss
Balance at the beginning of the period	(1,707)	(1,316)
Other comprehensive (loss) income before reclassifications, gross	194	(479)
Tax benefit	46	49
Amounts reclassified from accumulated other comprehensive loss, gross	70	54
Tax expense	(14)	(15)
Other comprehensive income (loss), net of tax		(391)
Net current-period other comprehensive income (loss)	296
Balance at the end of the period	(1,411)	(1,707)	(1,316)
Foreign currency translation adjustment
Components of other comprehensive loss
Balance at the beginning of the period	(459)	(288)
Other comprehensive (loss) income before reclassifications, gross	175	(162)
Tax benefit	35	(10)
Amounts reclassified from accumulated other comprehensive loss, gross		1
Other comprehensive income (loss), net of tax		(171)
Net current-period other comprehensive income (loss)	210
Balance at the end of the period	(249)	(459)	(288)
Foreign currency translation adjustment, tax	65	100	90
Pension and other postretirement benefits adjustments
Components of other comprehensive loss
Balance at the beginning of the period	(1,275)	(1,056)
Other comprehensive (loss) income before reclassifications, gross	11	(315)
Tax benefit	9	58
Amounts reclassified from accumulated other comprehensive loss, gross	80	53	69
Tax expense	(14)	(15)	(14)
Other comprehensive income (loss), net of tax		(219)
Net current-period other comprehensive income (loss)	86
Balance at the end of the period	(1,189)	(1,275)	(1,056)
Pension and other postretirement benefits adjustments, tax	172	177	135
Other comprehensive income of unconsolidated affiliates
Components of other comprehensive loss
Balance at the beginning of the period	4	11
Other comprehensive (loss) income before reclassifications, gross	(1)	(7)
Other comprehensive income (loss), net of tax		(7)
Net current-period other comprehensive income (loss)	(1)
Balance at the end of the period	3	4	11
Other, net
Components of other comprehensive loss
Balance at the beginning of the period	23	17
Other comprehensive (loss) income before reclassifications, gross	9	5
Tax benefit	2	1
Amounts reclassified from accumulated other comprehensive loss, gross	(10)
Other comprehensive income (loss), net of tax		6
Net current-period other comprehensive income (loss)	1
Balance at the end of the period	24	23	17
Amounts attributable to noncontrolling interests
Components of other comprehensive loss
Balance at the beginning of the period	36	28
Other comprehensive (loss) income before reclassifications, gross	(22)	8
Other comprehensive income (loss), net of tax		8
Net current-period other comprehensive income (loss)	(22)
Disposition of a portion of P and A Business	129
Balance at the end of the period	143	36	28
Accumulated other comprehensive (loss) income
Components of other comprehensive loss
Balance at the beginning of the period	(1,671)	(1,288)	(1,053)
Other comprehensive (loss) income before reclassifications, gross	172	(471)
Tax benefit	46	49
Amounts reclassified from accumulated other comprehensive loss, gross	70	54
Tax expense	(14)	(15)
Other comprehensive income (loss), net of tax	403	(383)	(235)
Net current-period other comprehensive income (loss)	274
Disposition of a portion of P and A Business	129
Balance at the end of the period	$ (1,268)	$ (1,671)	$ (1,288)

OTHER COMPREHENSIVE INCOME (128

OTHER COMPREHENSIVE INCOME (LOSS) - RECLASSIFICATION DETAILS - HUNTSMAN CORPORATION (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Pension and other postretirement benefits adjustments
Reclassification from accumulated other comprehensive loss
Total before tax	$ (80)	$ (53)	$ (69)
Tax expense	14	15	14
Net of tax	(66)	(38)	(55)
Pension and other postretirement benefits adjustments | Discontinued Operations
Reclassification from accumulated other comprehensive loss
Total before tax	(19)	(14)	(15)
Prior service credit
Reclassification from accumulated other comprehensive loss
Total before tax	15	16	10
Actuarial loss
Reclassification from accumulated other comprehensive loss
Total before tax	$ (95)	$ (69)	$ (79)

OTHER COMPREHENSIVE INCOME (129

OTHER COMPREHENSIVE INCOME (LOSS) - COMPONENTS AND CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS - HUNTSMAN INTERNATIONAL (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Components of other comprehensive loss
Other comprehensive income (loss), net of tax	$ 296	$ (391)	$ (240)
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Components of other comprehensive loss
Balance at the beginning of the period	936	1,084	1,296
Other comprehensive income (loss), net of tax	321	(383)	(234)
Balance at the end of the period	2,834	936	1,084
Total
Components of other comprehensive loss
Other comprehensive (loss) income before reclassifications, gross	194	(479)
Tax benefit	46	49
Amounts reclassified from accumulated other comprehensive loss, gross	70	54
Tax expense	(14)	(15)
Other comprehensive income (loss), net of tax		(391)
Net current-period other comprehensive income (loss)	296
Total | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Components of other comprehensive loss
Balance at the beginning of the period	(1,727)	(1,344)
Other comprehensive (loss) income before reclassifications, gross	194	(478)
Tax benefit	46	49
Amounts reclassified from accumulated other comprehensive loss, gross	76	62
Contribution of other comprehensive income from Parent	20
Tax expense	(15)	(16)
Other comprehensive income (loss), net of tax		(383)
Net current-period other comprehensive income (loss)	321
Balance at the end of the period	(1,406)	(1,727)	(1,344)
Foreign currency translation adjustment
Components of other comprehensive loss
Other comprehensive (loss) income before reclassifications, gross	175	(162)
Tax benefit	35	(10)
Amounts reclassified from accumulated other comprehensive loss, gross		1
Other comprehensive income (loss), net of tax		(171)
Net current-period other comprehensive income (loss)	210
Foreign currency translation adjustment, tax	65	100	90
Foreign currency translation adjustment | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Components of other comprehensive loss
Balance at the beginning of the period	(462)	(292)
Other comprehensive (loss) income before reclassifications, gross	175	(161)
Tax benefit	35	(10)
Amounts reclassified from accumulated other comprehensive loss, gross		1
Other comprehensive income (loss), net of tax		(170)
Net current-period other comprehensive income (loss)	210
Balance at the end of the period	(252)	(462)	(292)
Foreign currency translation adjustment, tax	51	86	76
Pension and other postretirement benefits adjustments
Components of other comprehensive loss
Other comprehensive (loss) income before reclassifications, gross	11	(315)
Tax benefit	9	58
Amounts reclassified from accumulated other comprehensive loss, gross	80	53	69
Tax expense	(14)	(15)	(14)
Other comprehensive income (loss), net of tax		(219)
Net current-period other comprehensive income (loss)	86
Pension and other postretirement benefits adjustments, tax	172	177	135
Pension and other postretirement benefits adjustments | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Components of other comprehensive loss
Balance at the beginning of the period	(1,286)	(1,074)
Other comprehensive (loss) income before reclassifications, gross	12	(315)
Tax benefit	9	58
Amounts reclassified from accumulated other comprehensive loss, gross	86	61	77
Contribution of other comprehensive income from Parent	20
Tax expense	(15)	(16)	(15)
Other comprehensive income (loss), net of tax		(212)
Net current-period other comprehensive income (loss)	112
Balance at the end of the period	(1,174)	(1,286)	(1,074)
Pension and other postretirement benefits adjustments, tax	199	205	163
Other comprehensive income of unconsolidated affiliates
Components of other comprehensive loss
Other comprehensive (loss) income before reclassifications, gross	(1)	(7)
Other comprehensive income (loss), net of tax		(7)
Net current-period other comprehensive income (loss)	(1)
Other comprehensive income of unconsolidated affiliates | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Components of other comprehensive loss
Balance at the beginning of the period	4	11
Other comprehensive (loss) income before reclassifications, gross	(1)	(7)
Other comprehensive income (loss), net of tax		(7)
Net current-period other comprehensive income (loss)	(1)
Balance at the end of the period	3	4	11
Other, net
Components of other comprehensive loss
Other comprehensive (loss) income before reclassifications, gross	9	5
Tax benefit	2	1
Amounts reclassified from accumulated other comprehensive loss, gross	(10)
Other comprehensive income (loss), net of tax		6
Net current-period other comprehensive income (loss)	1
Other, net | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Components of other comprehensive loss
Balance at the beginning of the period	17	11
Other comprehensive (loss) income before reclassifications, gross	8	5
Tax benefit	2	1
Amounts reclassified from accumulated other comprehensive loss, gross	(10)
Other comprehensive income (loss), net of tax		6
Balance at the end of the period	17	17	11
Amounts attributable to noncontrolling interests
Components of other comprehensive loss
Other comprehensive (loss) income before reclassifications, gross	(22)	8
Other comprehensive income (loss), net of tax		8
Net current-period other comprehensive income (loss)	(22)
Disposition of a portion of P and A Business	129
Amounts attributable to noncontrolling interests | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Components of other comprehensive loss
Balance at the beginning of the period	36	28
Other comprehensive (loss) income before reclassifications, gross	(22)	8
Other comprehensive income (loss), net of tax		8
Net current-period other comprehensive income (loss)	(22)
Disposition of a portion of P and A Business	129
Balance at the end of the period	143	36	28
Accumulated other comprehensive (loss) income
Components of other comprehensive loss
Other comprehensive (loss) income before reclassifications, gross	172	(471)
Tax benefit	46	49
Amounts reclassified from accumulated other comprehensive loss, gross	70	54
Tax expense	(14)	(15)
Other comprehensive income (loss), net of tax	403	(383)	(235)
Net current-period other comprehensive income (loss)	274
Disposition of a portion of P and A Business	129
Accumulated other comprehensive (loss) income | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Components of other comprehensive loss
Balance at the beginning of the period	(1,691)	(1,316)	(1,087)
Other comprehensive (loss) income before reclassifications, gross	172	(470)
Tax benefit	46	49
Amounts reclassified from accumulated other comprehensive loss, gross	76	62
Contribution of other comprehensive income from Parent	20
Tax expense	(15)	(16)
Other comprehensive income (loss), net of tax	428	(375)	(229)
Net current-period other comprehensive income (loss)	299
Disposition of a portion of P and A Business	129
Balance at the end of the period	$ (1,263)	$ (1,691)	$ (1,316)

OTHER COMPREHENSIVE INCOME (130

OTHER COMPREHENSIVE INCOME (LOSS) - RECLASSIFICATION DETAILS - HUNTSMAN INTERNATIONAL (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Pension and other postretirement benefits adjustments
Reclassification from accumulated other comprehensive loss
Total before tax	$ (80)	$ (53)	$ (69)
Tax expense	14	15	14
Net of tax	(66)	(38)	(55)
Pension and other postretirement benefits adjustments | Discontinued Operations
Reclassification from accumulated other comprehensive loss
Total before tax	(19)	(14)	(15)
Pension and other postretirement benefits adjustments | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Reclassification from accumulated other comprehensive loss
Total before tax	(86)	(61)	(77)
Tax expense	15	16	15
Net of tax	(71)	(45)	(62)
Pension and other postretirement benefits adjustments | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Discontinued Operations
Reclassification from accumulated other comprehensive loss
Total before tax	(24)	(18)	(20)
Prior service credit
Reclassification from accumulated other comprehensive loss
Total before tax	15	16	10
Prior service credit | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Reclassification from accumulated other comprehensive loss
Total before tax	15	16	10
Actuarial loss
Reclassification from accumulated other comprehensive loss
Total before tax	(95)	(69)	(79)
Actuarial loss | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Reclassification from accumulated other comprehensive loss
Total before tax	$ (101)	$ (77)	$ (87)

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
RELATED PARTY TRANSACTIONS
Sales	$ 150	$ 131	$ 131
Unconsolidated affiliates
RELATED PARTY TRANSACTIONS
Sales	150	131	131
Inventory purchases	$ 280	$ 243	$ 325

OPERATING SEGMENT INFORMATION -

OPERATING SEGMENT INFORMATION - FINANCIAL INFORMATION BY SEGMENT (Details) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2017USD ($)	Sep. 30, 2017USD ($)	Jun. 30, 2017USD ($)	Mar. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2017USD ($)segment	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
OPERATING SEGMENT INFORMATION
Number of reportable segments | segment									4
Revenues	$ 2,203	$ 2,169	$ 2,054	$ 1,932	$ 1,904	$ 1,831	$ 1,968	$ 1,815	$ 8,358	$ 7,518	$ 8,139
Segment adjusted EBITDA									1,259	997	1,160
Reconciliation of adjusted EBITDA to net income:
Interest expense									(165)	(203)	(205)
Interest (expense) income - discontinued operations									(19)	1
Income tax expense-continuing operations									(64)	(109)	(60)
Income tax (expense) benefit-discontinued operations									(67)	24	16
Depreciation and amortization - continuing operations									(319)	(318)	(298)
Depreciation and amortization - discontinued operations									(68)	(114)	(101)
Net income attributable to noncontrolling interests									105	31	33
Other adjustments:
Business acquisition and integration expenses									(19)	(12)	(9)
Merger costs									(28)
EBITDA from discontinued operations									312	81	(217)
Minority interest of discontinued operations									(49)	(11)	(7)
Loss on early extinguishment of debt									(54)	(3)	(31)
Certain legal settlements and related income (expenses)									11	(1)	(1)
Gain (loss) on sale of assets									9	97	(1)
Amortization of pension and postretirement actuarial losses									(73)	(55)	(66)
Plant incident remediation costs									(16)
U.S. tax reform impact on minority interest									6
Restructuring, impairment and plant closing and transition costs									(20)	(48)	(87)
Net income	287	179	183	92	137	64	94	62	741	357	126
Operating segments | Polyurethanes
OPERATING SEGMENT INFORMATION
Revenues									4,399	3,667	3,811
Segment adjusted EBITDA									850	569	573
Reconciliation of adjusted EBITDA to net income:
Depreciation and amortization - continuing operations									(116)	(114)	(100)
Operating segments | Performance Products
OPERATING SEGMENT INFORMATION
Revenues									2,109	2,126	2,501
Segment adjusted EBITDA									296	316	460
Reconciliation of adjusted EBITDA to net income:
Depreciation and amortization - continuing operations									(137)	(132)	(119)
Operating segments | Advanced Materials
OPERATING SEGMENT INFORMATION
Revenues									1,040	1,020	1,103
Segment adjusted EBITDA									219	223	220
Reconciliation of adjusted EBITDA to net income:
Depreciation and amortization - continuing operations									(33)	(35)	(38)
Operating segments | Textile Effects
OPERATING SEGMENT INFORMATION
Revenues									776	751	804
Segment adjusted EBITDA									83	73	63
Reconciliation of adjusted EBITDA to net income:
Depreciation and amortization - continuing operations									(14)	(15)	(17)
Corporate and eliminations
OPERATING SEGMENT INFORMATION
Revenues									34	(46)	(80)
Corporate and other
OPERATING SEGMENT INFORMATION
Segment adjusted EBITDA									(189)	(184)	(156)
Reconciliation of adjusted EBITDA to net income:
Depreciation and amortization - continuing operations									(19)	(22)	(24)
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
OPERATING SEGMENT INFORMATION
Revenues	2,203	2,169	2,054	1,932	1,904	1,831	1,968	1,815	8,358	7,518	8,139
Segment adjusted EBITDA									1,263	1,001	1,165
Reconciliation of adjusted EBITDA to net income:
Interest expense									(181)	(215)	(214)
Interest (expense) income - discontinued operations									(19)	1
Income tax expense-continuing operations									(61)	(108)	(59)
Income tax (expense) benefit-discontinued operations									(67)	24	16
Depreciation and amortization - continuing operations									(311)	(306)	(286)
Depreciation and amortization - discontinued operations									(68)	(114)	(101)
Other adjustments:
Business acquisition and integration expenses									(19)	(12)	(9)
Merger costs									(28)
EBITDA from discontinued operations									309	76	(223)
Minority interest of discontinued operations									(49)	(11)	(7)
Loss on early extinguishment of debt									(54)	(3)	(31)
Certain legal settlements and related income (expenses)									11	(1)	(1)
Gain (loss) on sale of assets									9	97	(1)
Amortization of pension and postretirement actuarial losses									(76)	(58)	(68)
Plant incident remediation costs									(16)
U.S. tax reform impact on minority interest									6
Restructuring, impairment and plant closing and transition costs									(20)	(48)	(87)
Net income	$ 284	$ 177	$ 182	$ 91	$ 136	$ 63	$ 93	$ 62	734	354	127
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Operating segments | Polyurethanes
OPERATING SEGMENT INFORMATION
Segment adjusted EBITDA									850	569	573
Reconciliation of adjusted EBITDA to net income:
Depreciation and amortization - continuing operations									(116)	(114)	(100)
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Operating segments | Performance Products
OPERATING SEGMENT INFORMATION
Segment adjusted EBITDA									296	316	460
Reconciliation of adjusted EBITDA to net income:
Depreciation and amortization - continuing operations									(137)	(132)	(119)
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Operating segments | Advanced Materials
OPERATING SEGMENT INFORMATION
Segment adjusted EBITDA									219	223	220
Reconciliation of adjusted EBITDA to net income:
Depreciation and amortization - continuing operations									(33)	(35)	(38)
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Operating segments | Textile Effects
OPERATING SEGMENT INFORMATION
Segment adjusted EBITDA									83	73	63
Reconciliation of adjusted EBITDA to net income:
Depreciation and amortization - continuing operations									(14)	(15)	(17)
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Corporate and other
OPERATING SEGMENT INFORMATION
Segment adjusted EBITDA									(185)	(180)	(151)
Reconciliation of adjusted EBITDA to net income:
Depreciation and amortization - continuing operations									$ (11)	$ (10)	$ (12)

OPERATING SEGMENT INFORMATIO133

OPERATING SEGMENT INFORMATION - CAPITAL EXPENDITURES AND ASSETS BY SEGMENT (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
OPERATING SEGMENT INFORMATION
Capital Expenditures	$ 282	$ 318	$ 461
Total Assets	7,364	6,949	7,331
Operating segments | Polyurethanes
OPERATING SEGMENT INFORMATION
Capital Expenditures	162	143	181
Total Assets	3,112	2,677	2,779
Operating segments | Performance Products
OPERATING SEGMENT INFORMATION
Capital Expenditures	79	131	205
Total Assets	2,069	2,046	2,264
Operating segments | Advanced Materials
OPERATING SEGMENT INFORMATION
Capital Expenditures	21	16	25
Total Assets	796	728	822
Operating segments | Textile Effects
OPERATING SEGMENT INFORMATION
Capital Expenditures	16	19	24
Total Assets	564	523	562
Corporate and other
OPERATING SEGMENT INFORMATION
Capital Expenditures	4	9	26
Total Assets	823	975	904
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
OPERATING SEGMENT INFORMATION
Capital Expenditures	282	318	461
Total Assets	7,705	7,235	7,599
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Operating segments | Polyurethanes
OPERATING SEGMENT INFORMATION
Capital Expenditures	162	143	181
Total Assets	3,109	2,665	2,760
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Operating segments | Performance Products
OPERATING SEGMENT INFORMATION
Capital Expenditures	79	131	205
Total Assets	2,069	2,045	2,262
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Operating segments | Advanced Materials
OPERATING SEGMENT INFORMATION
Capital Expenditures	21	16	25
Total Assets	796	728	822
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Operating segments | Textile Effects
OPERATING SEGMENT INFORMATION
Capital Expenditures	16	19	24
Total Assets	564	523	562
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Corporate and other
OPERATING SEGMENT INFORMATION
Capital Expenditures	4	9	26
Total Assets	$ 1,167	$ 1,274	$ 1,193

OPERATING SEGMENT INFORMATIO134

OPERATING SEGMENT INFORMATION - REVENUES AND LONG-LIVED ASSETS BY GEOGRAPHICAL AREA (Details) - USD ($) $ in Millions	3 Months Ended										12 Months Ended
	Dec. 31, 2017		Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016		Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017		Dec. 31, 2016		Dec. 31, 2015
Revenues and long-lived assets
Revenues	$ 2,203		$ 2,169	$ 2,054	$ 1,932	$ 1,904		$ 1,831	$ 1,968	$ 1,815	$ 8,358		$ 7,518		$ 8,139
Long-lived assets	3,098	[1]				3,034	[1]				3,098	[1]	3,034	[1]	3,170
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Revenues and long-lived assets
Revenues	2,203		$ 2,169	$ 2,054	$ 1,932	1,904		$ 1,831	$ 1,968	$ 1,815	8,358		7,518		8,139
Long-lived assets	3,095	[1]				3,012	[1]				3,095	[1]	3,012	[1]	3,134
United States
Revenues and long-lived assets
Revenues											2,729		2,514		2,727
Long-lived assets	1,597					1,570					1,597		1,570		1,677
United States | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Revenues and long-lived assets
Long-lived assets	1,594					1,548					1,594		1,548		1,641
Netherlands
Revenues and long-lived assets
Long-lived assets	343					294					343		294		304
Netherlands | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Revenues and long-lived assets
Long-lived assets	343					294					343		294		304
China
Revenues and long-lived assets
Revenues											1,147		908		1,013
Long-lived assets	268					235					268		235		208
China | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Revenues and long-lived assets
Long-lived assets	268					235					268		235		208
Saudi Arabia
Revenues and long-lived assets
Long-lived assets	172					185					172		185		196
Saudi Arabia | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Revenues and long-lived assets
Long-lived assets	172					185					172		185		196
Germany
Revenues and long-lived assets
Revenues											508		466		479
Long-lived assets	163					136					163		136		147
Germany | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Revenues and long-lived assets
Long-lived assets	163					136					163		136		147
Mexico
Revenues and long-lived assets
Revenues											481		433		455
Switzerland
Revenues and long-lived assets
Long-lived assets	112					110					112		110		120
Switzerland | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Revenues and long-lived assets
Long-lived assets	112					110					112		110		120
Singapore
Revenues and long-lived assets
Long-lived assets	100					110					100		110		76
Singapore | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Revenues and long-lived assets
Long-lived assets	100					110					100		110		76
Other nations
Revenues and long-lived assets
Revenues											3,493		3,197		3,465
Long-lived assets	343					394					343		394		442
Other nations | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Revenues and long-lived assets
Long-lived assets	$ 343					$ 394					$ 343		$ 394		$ 442
[1]	At December 31, 2017 and December 31, 2016, respectively, $15 and $20 of cash and cash equivalents, $11 and $10 of restricted cash, $35 and $21 of accounts and notes receivable (net), $46 and $45 of inventories, $7 and $5 of other current assets, $283 and $279 of property, plant and equipment (net), $10 each of intangible assets (net), $43 and $37 of other noncurrent assets, $109 and $89 of accounts payable, $32 and $30 of accrued liabilities, $21 and $12 of current portion of debt, $86 and $114 of longterm debt, and $98 and $76 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 7. Variable Interest Entities.”

CONDENSED CONSOLIDATING FINA135

CONDENSED CONSOLIDATING FINANCIAL INFORMATION - HUNTSMAN INTERNATIONAL - CONDENSED CONSOLIDATING BALANCE SHEETS (Details) - USD ($) $ in Millions		Dec. 31, 2017		Dec. 31, 2016		Dec. 31, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents		$ 470	[1]	$ 385	[1]	$ 236	$ 825
Restricted cash	[1]	11		11
Accounts and notes receivable, net	[1]	1,256		1,168
Accounts receivable from affiliates		27		15
Inventories	[1]	1,073		918
Prepaid expenses		60		49
Other current assets	[1]	202		232
Current assets held for sale		2,880		777
Total current assets		5,979		3,555
Property, plant and equipment, net		3,098	[1]	3,034	[1]	3,170
Investment in unconsolidated affiliates		266		248
Intangible assets, net	[1]	56		43
Goodwill		140		121
Deferred income taxes		208		253
Noncurrent assets held for sale				1,463
Other noncurrent assets	[1]	497		472
Total assets		10,244		9,189
Current liabilities:
Accounts payable	[1]	946		774
Accounts payable to affiliates		18		16
Accrued liabilities	[1]	569		471
Current portion of debt	[1]	40		50
Current liabilities held for sale		1,692		467
Total current liabilities		3,265		1,778
Long-term debt	[1]	2,258		4,122
Notes payable to affiliates				1
Deferred income taxes		264		371
Other noncurrent liabilities	[1]	1,086		1,057
Noncurrent liabilities held for sale				393
Total liabilities		6,873		7,722
Huntsman International LLC members' equity
Accumulated (deficit) retained earnings		161		(325)
Accumulated other comprehensive (loss) income		(1,268)		(1,671)
Total liabilities and equity		10,244		9,189
Parent
Current assets:
Cash and cash equivalents		2		1			150
Accounts receivable from affiliates		54		36
Prepaid expenses		1
Total current assets		157		137
Investment in unconsolidated affiliates		2,082		781
Notes receivable from affiliates		742		696
Total assets		2,981		1,614
Current liabilities:
Accounts payable to affiliates		346		315
Accrued liabilities		3		2
Total current liabilities		349		317
Other noncurrent liabilities		12		10
Total liabilities		361		327
Huntsman International LLC members' equity
Accumulated (deficit) retained earnings		161		(325)
Accumulated other comprehensive (loss) income		(1,268)		(1,671)
Total liabilities and equity		2,981		1,614
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Current assets:
Cash and cash equivalents		468	[1]	384	[1]	236	675
Restricted cash	[1]	11		11
Accounts and notes receivable, net	[1]	1,255		1,168
Accounts receivable from affiliates		373		329
Inventories	[1]	1,073		918
Prepaid expenses		59		49
Other current assets	[1]	204		227
Current assets held for sale		2,880		777
Total current assets		6,323		3,863
Property, plant and equipment, net		3,095	[1]	3,012	[1]	3,134
Investment in unconsolidated affiliates		266		248
Intangible assets, net	[1]	56		43
Goodwill		140		121
Deferred income taxes		208		253
Noncurrent assets held for sale				1,463
Other noncurrent assets	[1]	497		472
Total assets		10,585		9,475
Current liabilities:
Accounts payable	[1]	946		773
Accounts payable to affiliates		70		51
Accrued liabilities	[1]	566		468
Notes payable to affiliates		100		100
Current portion of debt	[1]	40		50
Current liabilities held for sale		1,692		467
Total current liabilities		3,414		1,909
Long-term debt	[1]	2,258		4,122
Notes payable to affiliates		742		697
Deferred income taxes		265		367
Other noncurrent liabilities	[1]	1,072		1,051
Noncurrent liabilities held for sale				393
Total liabilities		7,751		8,539
Huntsman International LLC members' equity
Members' equity		3,616		3,226
Accumulated (deficit) retained earnings		(270)		(779)
Accumulated other comprehensive (loss) income		(1,263)		(1,691)
Total Huntsman International LLC members' equity		2,083		756
Noncontrolling interests in subsidiaries		751		180
Total equity		2,834		936		1,084	1,296
Total liabilities and equity		10,585		9,475
Reportable legal entities | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Parent
Current assets:
Cash and cash equivalents		74		37		44	353
Accounts and notes receivable, net		36		22
Accounts receivable from affiliates		983		1,351
Inventories		101		85
Prepaid expenses		21		68
Other current assets		783		820
Total current assets		1,998		2,383
Property, plant and equipment, net		461		463
Investment in unconsolidated affiliates		6,364		5,870
Intangible assets, net		25		28
Goodwill		(14)		(12)
Deferred income taxes		323		515
Notes receivable from affiliates		72		37
Other noncurrent assets		52		74
Total assets		9,281		9,358
Current liabilities:
Accounts payable		74		63
Accounts payable to affiliates		4,019		3,667
Accrued liabilities		89		87
Notes payable to affiliates		100		100
Current portion of debt		17		30
Total current liabilities		4,299		3,947
Long-term debt		1,927		3,763
Notes payable to affiliates		742		696
Deferred income taxes		12		22
Other noncurrent liabilities		218		174
Total liabilities		7,198		8,602
Huntsman International LLC members' equity
Members' equity		3,616		3,226
Accumulated (deficit) retained earnings		(270)		(779)
Accumulated other comprehensive (loss) income		(1,263)		(1,691)
Total Huntsman International LLC members' equity		2,083		756
Total equity		2,083		756
Total liabilities and equity		$ 9,281		9,358
Reportable legal entities | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Guarantors
Condensed consolidating balance sheets
Ownership interest (as a percent)		100.00%
Current assets:
Accounts and notes receivable, net		$ 94		88
Accounts receivable from affiliates		4,130		4,589
Inventories		210		183
Prepaid expenses		10		46
Other current assets		3		3
Total current assets		4,447		4,909
Property, plant and equipment, net		1,119		1,163
Investment in unconsolidated affiliates		2,268		1,458
Goodwill		82		82
Notes receivable from affiliates		569		620
Other noncurrent assets		189		188
Total assets		8,674		8,420
Current liabilities:
Accounts payable		214		152
Accounts payable to affiliates		485		645
Accrued liabilities		826		787
Total current liabilities		1,525		1,584
Deferred income taxes		179		257
Other noncurrent liabilities		278		300
Total liabilities		1,982		2,141
Huntsman International LLC members' equity
Members' equity		2,216		2,949
Accumulated (deficit) retained earnings		2,749		2,332
Accumulated other comprehensive (loss) income		1,727		998
Total Huntsman International LLC members' equity		6,692		6,279
Total equity		6,692		6,279
Total liabilities and equity		8,674		8,420
Reportable legal entities | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Nonguarantors
Current assets:
Cash and cash equivalents		394		347		$ 192	$ 322
Restricted cash		11		11
Accounts and notes receivable, net		1,120		1,053
Accounts receivable from affiliates		391		149
Inventories		767		652
Prepaid expenses		39		36
Other current assets		170		129
Current assets held for sale		2,880		777
Total current assets		5,772		3,154
Property, plant and equipment, net		1,515		1,385
Investment in unconsolidated affiliates		266		245
Intangible assets, net		31		15
Goodwill		72		51
Deferred income taxes		208		265
Noncurrent assets held for sale				1,463
Other noncurrent assets		257		210
Total assets		8,121		6,788
Current liabilities:
Accounts payable		652		553
Accounts payable to affiliates		697		1,499
Accrued liabilities		413		420
Current portion of debt		23		20
Current liabilities held for sale		1,692		467
Total current liabilities		3,477		2,959
Long-term debt		331		359
Notes payable to affiliates		642		658
Deferred income taxes		33		19
Other noncurrent liabilities		576		577
Noncurrent liabilities held for sale				393
Total liabilities		5,059		4,965
Huntsman International LLC members' equity
Members' equity		3,641		5,019
Accumulated (deficit) retained earnings		(116)		(1,713)
Accumulated other comprehensive (loss) income		(1,211)		(1,652)
Total Huntsman International LLC members' equity		2,314		1,654
Noncontrolling interests in subsidiaries		748		169
Total equity		3,062		1,823
Total liabilities and equity		8,121		6,788
Eliminations | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Current assets:
Accounts and notes receivable, net		5		5
Accounts receivable from affiliates		(5,131)		(5,760)
Inventories		(5)		(2)
Prepaid expenses		(11)		(101)
Other current assets		(752)		(725)
Total current assets		(5,894)		(6,583)
Property, plant and equipment, net				1
Investment in unconsolidated affiliates		(8,632)		(7,325)
Deferred income taxes		(323)		(527)
Notes receivable from affiliates		(641)		(657)
Other noncurrent assets		(1)
Total assets		(15,491)		(15,091)
Current liabilities:
Accounts payable		6		5
Accounts payable to affiliates		(5,131)		(5,760)
Accrued liabilities		(762)		(826)
Total current liabilities		(5,887)		(6,581)
Notes payable to affiliates		(642)		(657)
Deferred income taxes		41		69
Total liabilities		(6,488)		(7,169)
Huntsman International LLC members' equity
Members' equity		(5,857)		(7,968)
Accumulated (deficit) retained earnings		(2,633)		(619)
Accumulated other comprehensive (loss) income		(516)		654
Total Huntsman International LLC members' equity		(9,006)		(7,933)
Noncontrolling interests in subsidiaries		3		11
Total equity		(9,003)		(7,922)
Total liabilities and equity		$ (15,491)		$ (15,091)
[1]	At December 31, 2017 and December 31, 2016, respectively, $15 and $20 of cash and cash equivalents, $11 and $10 of restricted cash, $35 and $21 of accounts and notes receivable (net), $46 and $45 of inventories, $7 and $5 of other current assets, $283 and $279 of property, plant and equipment (net), $10 each of intangible assets (net), $43 and $37 of other noncurrent assets, $109 and $89 of accounts payable, $32 and $30 of accrued liabilities, $21 and $12 of current portion of debt, $86 and $114 of longterm debt, and $98 and $76 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 7. Variable Interest Entities.”

CONDENSED CONSOLIDATING FINA136

CONDENSED CONSOLIDATING FINANCIAL INFORMATION - HUNTSMAN INTERNATIONAL - CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Revenues:
Trade sales, services and fees, net									$ 8,208	$ 7,387	$ 8,008
Related party sales									150	131	131
Total revenues	$ 2,203	$ 2,169	$ 2,054	$ 1,932	$ 1,904	$ 1,831	$ 1,968	$ 1,815	8,358	7,518	8,139
Cost of goods sold									6,546	5,992	6,405
Gross profit	509	474	437	392	356	356	424	390	1,812	1,526	1,734
Selling, general and administrative									798	768	791
Research and development									138	137	143
Restructuring, impairment and plant closing costs	7	1	3	9	(9)	38	16	2	20	47	83
Merger costs									28
Other operating expense (income), net									(23)	(101)
Operating income									851	675	717
Interest (expense) income									(165)	(203)	(205)
Equity in income of investment in affiliates and subsidiaries									13	5	6
Loss on early extinguishment of debt									(54)	(3)	(31)
Other income, net									2		1
Income from continuing operations before income taxes									647	474	488
Income tax (expense) benefit									(64)	(109)	(60)
Income from continuing operations	230	116	138	99	133	40	107	85	583	365	428
(Loss) income from discontinued operations, net of tax									158	(8)	(302)
Net income	287	179	183	92	137	64	94	62	741	357	126
Net income attributable to noncontrolling interests	(41)	(32)	(16)	(16)	(9)	(9)	(7)	(6)	(105)	(31)	(33)
Net income attributable to Huntsman Corporation or Huntsman International LLC	246	147	167	76	128	55	87	56	636	326	93
Other comprehensive income									296	(391)	(240)
Comprehensive income attributable to noncontrolling interests									(127)	(23)	(28)
Comprehensive income (loss) attributable to Huntsman Corporation or Huntsman International LLC									910	(57)	(142)
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Revenues:
Trade sales, services and fees, net									8,208	7,387	8,008
Related party sales									150	131	131
Total revenues	2,203	2,169	2,054	1,932	1,904	1,831	1,968	1,815	8,358	7,518	8,139
Cost of goods sold									6,543	5,988	6,401
Gross profit	509	475	438	393	357	357	425	391	1,815	1,530	1,738
Selling, general and administrative									793	764	786
Research and development									138	137	143
Restructuring, impairment and plant closing costs	7	1	3	9	(9)	38	16	2	20	47	83
Merger costs									28
Other operating expense (income), net									(23)	(101)	1
Operating income									859	683	725
Interest (expense) income									(181)	(215)	(214)
Equity in income of investment in affiliates and subsidiaries									13	5	6
Loss on early extinguishment of debt									(54)	(3)	(31)
Other income, net									3	5	7
Income from continuing operations before income taxes									640	475	493
Income tax (expense) benefit									(61)	(108)	(59)
Income from continuing operations	227	115	139	98	132	41	109	85	579	367	434
(Loss) income from discontinued operations, net of tax									155	(13)	(307)
Net income	284	177	182	91	136	63	93	62	734	354	127
Net income attributable to noncontrolling interests									(105)	(31)	(33)
Net income attributable to Huntsman Corporation or Huntsman International LLC	$ 243	$ 145	$ 166	$ 75	$ 127	$ 54	$ 86	$ 56	629	323	94
Other comprehensive income									321	(383)	(234)
Comprehensive income attributable to noncontrolling interests									(127)	(23)	(28)
Comprehensive income (loss) attributable to Huntsman Corporation or Huntsman International LLC									928	(52)	(135)
Eliminations | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Revenues:
Related party sales									(1,460)	(1,302)	(1,441)
Total revenues									(1,460)	(1,302)	(1,441)
Cost of goods sold									(1,456)	(1,305)	(1,439)
Gross profit									(4)	3	(2)
Operating income									(4)	3	(2)
Equity in income of investment in affiliates and subsidiaries									(1,257)	(504)	(112)
Dividend income (expense)									(473)	(217)
Other income, net											(2)
Income from continuing operations before income taxes									(1,734)	(718)	(116)
Income tax (expense) benefit									233	(28)	(60)
Income from continuing operations									(1,501)	(746)	(176)
Net income									(1,501)	(746)	(176)
Net income attributable to noncontrolling interests									6	(3)	(5)
Net income attributable to Huntsman Corporation or Huntsman International LLC									(1,495)	(749)	(181)
Other comprehensive income									(1,171)	703	278
Comprehensive income attributable to noncontrolling interests									3	(12)	(15)
Comprehensive income (loss) attributable to Huntsman Corporation or Huntsman International LLC									(2,669)	(55)	87
Parent
Revenues:
Selling, general and administrative									4	4	5
Interest (expense) income									16	12	9
Equity in income of investment in affiliates and subsidiaries									504	199	(32)
Net income									636	326	93
Net income attributable to Huntsman Corporation or Huntsman International LLC									636	326	93
Other comprehensive income									403	(383)	(235)
Comprehensive income attributable to noncontrolling interests									(127)	(23)	(28)
Comprehensive income (loss) attributable to Huntsman Corporation or Huntsman International LLC									910	(57)	(142)
Parent | Reportable legal entities | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Revenues:
Trade sales, services and fees, net									1,116	1,048	1,054
Related party sales									230	201	238
Total revenues									1,346	1,249	1,292
Cost of goods sold									1,050	984	1,026
Gross profit									296	265	266
Selling, general and administrative									171	156	172
Research and development									50	48	54
Restructuring, impairment and plant closing costs									8	6	7
Merger costs									28
Other operating expense (income), net									30	(24)	(27)
Operating income									9	79	60
Interest (expense) income									(179)	(218)	(220)
Equity in income of investment in affiliates and subsidiaries									614	183	169
Loss on early extinguishment of debt									(54)	(4)	(31)
Dividend income (expense)									473	217
Other income, net									1		2
Income from continuing operations before income taxes									864	257	(20)
Income tax (expense) benefit									(192)	76	113
Income from continuing operations									672	333	93
(Loss) income from discontinued operations, net of tax									(43)	(10)	1
Net income									629	323	94
Net income attributable to Huntsman Corporation or Huntsman International LLC									629	323	94
Other comprehensive income									428	(374)	(229)
Comprehensive income (loss) attributable to Huntsman Corporation or Huntsman International LLC									1,057	(51)	(135)
Guarantors | Reportable legal entities | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Revenues:
Trade sales, services and fees, net									2,028	1,862	2,121
Related party sales									329	286	365
Total revenues									2,357	2,148	2,486
Cost of goods sold									2,069	1,823	1,925
Gross profit									288	325	561
Selling, general and administrative									132	111	113
Research and development									43	42	44
Restructuring, impairment and plant closing costs										16	5
Other operating expense (income), net									(37)	(31)	(25)
Operating income									150	187	424
Interest (expense) income									27	31	33
Equity in income of investment in affiliates and subsidiaries									641	320	(58)
Dividend income (expense)										(430)
Income from continuing operations before income taxes									818	108	399
Income tax (expense) benefit									59	(78)	(125)
Income from continuing operations									877	30	274
(Loss) income from discontinued operations, net of tax									(4)	(2)	(2)
Net income									873	28	272
Net income attributable to Huntsman Corporation or Huntsman International LLC									873	28	272
Other comprehensive income									728	(365)	(37)
Comprehensive income (loss) attributable to Huntsman Corporation or Huntsman International LLC									1,601	(337)	235
Nonguarantors | Reportable legal entities | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Revenues:
Trade sales, services and fees, net									5,064	4,477	4,833
Related party sales									1,051	946	969
Total revenues									6,115	5,423	5,802
Cost of goods sold									4,880	4,486	4,889
Gross profit									1,235	937	913
Selling, general and administrative									490	497	501
Research and development									45	47	45
Restructuring, impairment and plant closing costs									12	25	71
Other operating expense (income), net									(16)	(46)	53
Operating income									704	414	243
Interest (expense) income									(29)	(28)	(27)
Equity in income of investment in affiliates and subsidiaries									15	6	7
Loss on early extinguishment of debt										1
Dividend income (expense)										430
Other income, net									2	5	7
Income from continuing operations before income taxes									692	828	230
Income tax (expense) benefit									(161)	(78)	13
Income from continuing operations									531	750	243
(Loss) income from discontinued operations, net of tax									202	(1)	(306)
Net income									733	749	(63)
Net income attributable to noncontrolling interests									(111)	(28)	(28)
Net income attributable to Huntsman Corporation or Huntsman International LLC									622	721	(91)
Other comprehensive income									336	(347)	(246)
Comprehensive income attributable to noncontrolling interests									(130)	(11)	(13)
Comprehensive income (loss) attributable to Huntsman Corporation or Huntsman International LLC									$ 939	$ 391	$ (322)

CONDENSED CONSOLIDATING FINA137

CONDENSED CONSOLIDATING FINANCIAL INFORMATION - HUNTSMAN INTERNATIONAL - CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (Details) - USD ($) $ in Millions	3 Months Ended			12 Months Ended
	Dec. 31, 2016	Jun. 30, 2016	Mar. 31, 2015	Dec. 31, 2017		Dec. 31, 2016	Dec. 31, 2015
Condensed consolidating statements of cash flows
Net cash provided by operating activities from continuing operations				$ 842		$ 974	$ 614
Net cash provided by (used in) operating activities from discontinued operations				377		114	(39)
Net cash provided by operating activities				1,219		1,088	575
Investing Activities:
Capital expenditures				(282)		(318)	(461)
Investment in unconsolidated affiliates						(1)	(12)
Acquisition of businesses, net of cash acquired				(14)			(14)
Cash received from purchase price adjustment for business acquired							18
Proceeds from sale of businesses/assets				25		199	1
Cash received from termination of cross-currency interest rate contracts				7			66
Change in restricted cash						1	(3)
Other, net				(1)			1
Net cash used in investing activities from continuing operations				(265)		(119)	(404)
Net cash used in investing activities from discontinued operations				(159)		(83)	(196)
Net cash (used in) provided by investing activities				(424)		(202)	(600)
Financing activities:
Net repayments under revolving loan facilities				(41)			(1)
Net borrowings (repayments) on overdraft facilities				1		(1)	(8)
Repayments of short-term debt				(15)		(56)
Borrowings on short-term debt				8		10	12
Repayments of long-term debt				(2,058)		(1,070)	(604)
Proceeds from long-term debt of P and A Business				750
Proceeds from issuance of long-term debt				24		559	326
Repayments of notes payable				(27)		(33)	(33)
Borrowings on notes payable				31		31	34
Debt issuance costs paid				(21)		(9)	(8)
Call premiums related to early extinguishment of debt						(1)	(35)
Contingent consideration paid for acquisition							(4)
Dividends paid to noncontrolling interests				(34)		(30)	(14)
Contribution from noncontrolling interests				5
Proceeds from the IPO and secondary offering of P and A Business				1,012
Cash paid for expenses of the IPO and secondary offering of P and A Business				(58)
Other, net				1		(1)
Net cash used in financing activities				(519)		(723)	(562)
Effect of exchange rate changes on cash				18		(6)	(16)
Increase in cash and cash equivalents				294		157	(603)
Cash and cash equivalents at beginning of period			$ 825	385	[1]	236	825
Cash and cash equivalents from discontinued operations at beginning of period			35	29		21	35
Cash and cash equivalents at end of period	$ 414			708		414	257
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Condensed consolidating statements of cash flows
Net cash provided by operating activities from continuing operations				836		968	614
Net cash provided by (used in) operating activities from discontinued operations				372		110	(44)
Net cash provided by operating activities				1,208		1,078	570
Investing Activities:
Capital expenditures				(282)		(318)	(461)
Investment in unconsolidated affiliates						(1)	(12)
Acquisition of businesses, net of cash acquired				(14)			(14)
Cash received from purchase price adjustment for business acquired							18
Proceeds from sale of businesses/assets				25		199	1
(Increase) decrease in receivable from affiliate				(15)		6	1
Cash received from termination of cross-currency interest rate contracts				7			66
Change in restricted cash						1	(3)
Other, net						1	1
Net cash used in investing activities from continuing operations				(279)		(112)	(403)
Net cash used in investing activities from discontinued operations				(159)		(83)	(196)
Net cash (used in) provided by investing activities				(438)		(195)	(599)
Financing activities:
Net repayments under revolving loan facilities				(41)			(1)
Net borrowings (repayments) on overdraft facilities				1		(1)	(8)
Repayments of short-term debt				(15)		(56)
Borrowings on short-term debt				8		10	12
Repayments of long-term debt				(2,058)		(1,070)	(604)
Proceeds from long-term debt of P and A Business				750
Proceeds from issuance of long-term debt				24		559	326
Repayments of notes payable to affiliate						(1)	(148)
Proceeds from issuance of notes payable to affiliate				47			195
Repayments of notes payable				(27)		(33)	(33)
Borrowings on notes payable				31		31	34
Debt issuance costs paid				(21)		(9)	(8)
Call premiums related to early extinguishment of debt						(1)	(35)
Contingent consideration paid for acquisition							(4)
Dividends paid to noncontrolling interests				(34)		(30)	(14)
Contribution from noncontrolling interests				5
Dividends paid to parent				(120)		(119)	(121)
Proceeds from the IPO and secondary offering of P and A Business				1,012
Cash paid for expenses of the IPO and secondary offering of P and A Business				(58)
Other, net				1		(1)	1
Net cash used in financing activities				(495)		(721)	(408)
Effect of exchange rate changes on cash				18		(6)	(16)
Increase in cash and cash equivalents				293		156	(453)
Cash and cash equivalents at beginning of period			675	384	[1]	236	675
Cash and cash equivalents from discontinued operations at beginning of period			35	29		21	35
Cash and cash equivalents at end of period	413			706		413	257
Noncash Capital Contribution Between Parent And Nonguarantor Entities	75	$ 215
Noncash capital contribution between Guarantor and Nonguarantor entities			284
Noncash capital contribution between Parent Company and Guarantor entities			123	50
Eliminations | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Condensed consolidating statements of cash flows
Net cash provided by operating activities from continuing operations				(473)			(2)
Net cash provided by operating activities				(473)			(2)
Investing Activities:
Cash received from (paid for) consolidated affiliates				(592)		(203)
Investment in affiliate						3	(23)
(Increase) decrease in receivable from affiliate						(6)
Net cash used in investing activities from continuing operations				(592)		(206)	(23)
Net cash (used in) provided by investing activities				(592)		(206)	(23)
Financing activities:
Repayments of notes payable to affiliate						6
Proceeds from issuance of notes payable to affiliate							(6)
Dividends paid to noncontrolling interests						15	6
Contribution from parent						(14)	(11)
Distribution to parent				592		198	34
Dividends paid to parent				473		1	2
Net cash used in financing activities				1,065		206	25
Parent
Condensed consolidating statements of cash flows
Net cash provided by operating activities				130		128	125
Investing Activities:
Net cash (used in) provided by investing activities				(47)		1	(47)
Financing activities:
Net cash used in financing activities				(82)		(128)	(228)
Increase in cash and cash equivalents				1		1	(150)
Cash and cash equivalents at beginning of period			150	1			150
Parent | Reportable legal entities | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Condensed consolidating statements of cash flows
Net cash provided by operating activities from continuing operations				859		457	(23)
Net cash provided by (used in) operating activities from discontinued operations				(19)		(11)
Net cash provided by operating activities				840		446	(23)
Investing Activities:
Capital expenditures				(49)		(42)	(70)
Cash received from (paid for) consolidated affiliates				870		203
Investment in affiliate							34
Cash received from purchase price adjustment for business acquired							18
Proceeds from sale of businesses/assets						12
(Increase) decrease in receivable from affiliate				(15)		6	1
Cash received from termination of cross-currency interest rate contracts				7			66
Other, net							1
Net cash used in investing activities from continuing operations				813		179	50
Net cash (used in) provided by investing activities				813		179	50
Financing activities:
Repayments of long-term debt				(2,026)		(1,039)	(548)
Proceeds from issuance of long-term debt						543	326
Repayments of notes payable to affiliate						(7)	(148)
Proceeds from issuance of notes payable to affiliate				47			201
Repayments of notes payable				(27)		(31)	(32)
Borrowings on notes payable				31		29	32
Debt issuance costs paid				(3)		(9)	(8)
Call premiums related to early extinguishment of debt						(1)	(35)
Contingent consideration paid for acquisition							(4)
Dividends paid to parent				(120)		(119)	(121)
Proceeds from the IPO and secondary offering of P and A Business				522
Cash paid for expenses of the IPO and secondary offering of P and A Business				(40)
Other, net						2	1
Net cash used in financing activities				(1,616)		(632)	(336)
Increase in cash and cash equivalents				37		(7)	(309)
Cash and cash equivalents at beginning of period			353	37		44	353
Cash and cash equivalents at end of period	37			74		37	44
Guarantors | Reportable legal entities | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Condensed consolidating statements of cash flows
Net cash provided by operating activities from continuing operations				587		120	229
Net cash provided by (used in) operating activities from discontinued operations				(2)
Net cash provided by operating activities				585		120	229
Investing Activities:
Capital expenditures				(69)		(92)	(200)
Cash received from (paid for) consolidated affiliates				(2)
Investment in affiliate						(3)	(5)
Net cash used in investing activities from continuing operations				(71)		(95)	(205)
Net cash (used in) provided by investing activities				(71)		(95)	(205)
Financing activities:
Contribution from parent						3	5
Distribution to parent				(511)		(27)	(27)
Dividends paid to parent				(1)		(1)	(2)
Other, net				(2)
Net cash used in financing activities				(514)		(25)	(24)
Nonguarantors | Reportable legal entities | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Condensed consolidating statements of cash flows
Net cash provided by operating activities from continuing operations				(137)		391	410
Net cash provided by (used in) operating activities from discontinued operations				393		121	(44)
Net cash provided by operating activities				256		512	366
Investing Activities:
Capital expenditures				(164)		(184)	(191)
Cash received from (paid for) consolidated affiliates				(276)
Investment in unconsolidated affiliates						(1)	(12)
Investment in affiliate							(6)
Acquisition of businesses, net of cash acquired				(14)			(14)
Proceeds from sale of businesses/assets				25		187	1
(Increase) decrease in receivable from affiliate						6
Change in restricted cash						1	(3)
Other, net						1
Net cash used in investing activities from continuing operations				(429)		10	(225)
Net cash used in investing activities from discontinued operations				(159)		(83)	(196)
Net cash (used in) provided by investing activities				(588)		(73)	(421)
Financing activities:
Net repayments under revolving loan facilities				(41)			(1)
Net borrowings (repayments) on overdraft facilities				1		(1)	(8)
Repayments of short-term debt				(15)		(56)
Borrowings on short-term debt				8		10	12
Repayments of long-term debt				(32)		(31)	(56)
Proceeds from long-term debt of P and A Business				750
Proceeds from issuance of long-term debt				24		16
Repayments of notes payable						(2)	(1)
Borrowings on notes payable						2	2
Debt issuance costs paid				(18)
Dividends paid to noncontrolling interests				(34)		(45)	(20)
Contribution from noncontrolling interests				5
Contribution from parent						11	6
Distribution to parent				(81)		(171)	(7)
Dividends paid to parent				(472)
Proceeds from the IPO and secondary offering of P and A Business				490
Cash paid for expenses of the IPO and secondary offering of P and A Business				(18)
Other, net				3		(3)
Net cash used in financing activities				570		(270)	(73)
Effect of exchange rate changes on cash				18		(6)	(16)
Increase in cash and cash equivalents				256		163	(144)
Cash and cash equivalents at beginning of period			322	347		192	322
Cash and cash equivalents from discontinued operations at beginning of period			$ 35	29		21	35
Cash and cash equivalents at end of period	$ 376			$ 632		$ 376	$ 213
[1]	At December 31, 2017 and December 31, 2016, respectively, $15 and $20 of cash and cash equivalents, $11 and $10 of restricted cash, $35 and $21 of accounts and notes receivable (net), $46 and $45 of inventories, $7 and $5 of other current assets, $283 and $279 of property, plant and equipment (net), $10 each of intangible assets (net), $43 and $37 of other noncurrent assets, $109 and $89 of accounts payable, $32 and $30 of accrued liabilities, $21 and $12 of current portion of debt, $86 and $114 of longterm debt, and $98 and $76 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 7. Variable Interest Entities.”

SELECTED UNAUDITED QUARTERLY138

SELECTED UNAUDITED QUARTERLY FINANCIAL DATA (Details) - USD ($) $ / shares in Units, $ in Millions	Dec. 30, 2016	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Quarterly Financial Information
Revenues		$ 2,203	$ 2,169	$ 2,054	$ 1,932	$ 1,904	$ 1,831	$ 1,968	$ 1,815	$ 8,358	$ 7,518	$ 8,139
Gross profit		509	474	437	392	356	356	424	390	1,812	1,526	1,734
Restructuring, impairment and plant closing (credits) costs		7	1	3	9	(9)	38	16	2	20	47	83
Income from continuing operations		230	116	138	99	133	40	107	85	583	365	428
Net income		287	179	183	92	137	64	94	62	741	357	126
Net income attributable to noncontrolling interests		41	32	16	16	9	9	7	6	105	31	33
Net income attributable to Huntsman Corporation or Huntsman International		$ 246	$ 147	$ 167	$ 76	$ 128	$ 55	$ 87	$ 56	$ 636	$ 326	$ 93
Basic income per share
Income from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share)		$ 0.79	$ 0.36	$ 0.51	$ 0.35	$ 0.52	$ 0.13	$ 0.42	$ 0.33	$ 2.01	$ 1.41	$ 1.63
Net income attributable to Huntsman Corporation common stockholders (in dollars per share)		1.03	0.62	0.70	0.32	0.54	0.23	0.37	0.24	2.67	1.38	0.38
Diluted income per share
Income from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share)		0.77	0.34	0.50	0.34	0.51	0.13	0.42	0.33	1.96	1.39	1.61
Net income attributable to Huntsman Corporation common stockholders (in dollars per share)		$ 1	$ 0.60	$ 0.69	$ 0.31	$ 0.53	$ 0.23	$ 0.36	$ 0.24	$ 2.61	$ 1.36	$ 0.38
U.S. Tax Reform Act which resulted in income tax benefit		$ 52								$ 137
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Quarterly Financial Information
Revenues		2,203	$ 2,169	$ 2,054	$ 1,932	$ 1,904	$ 1,831	$ 1,968	$ 1,815	8,358	$ 7,518	$ 8,139
Gross profit		509	475	438	393	357	357	425	391	1,815	1,530	1,738
Restructuring, impairment and plant closing (credits) costs		7	1	3	9	(9)	38	16	2	20	47	83
Income from continuing operations		227	115	139	98	132	41	109	85	579	367	434
Net income		284	177	182	91	136	63	93	62	734	354	127
Net income attributable to noncontrolling interests										105	31	33
Net income attributable to Huntsman Corporation or Huntsman International		243	$ 145	$ 166	$ 75	$ 127	$ 54	$ 86	$ 56	$ 629	$ 323	$ 94
Diluted income per share
U.S. Tax Reform Act which resulted in income tax benefit		$ 53
Discontinued Operations, Disposed of by Sale | European Surfactants Manufacturing Facilities
Diluted income per share
Sale consideration in cash	$ 199
Retention of trade receivables and payables for an enterprise value	$ 225

Schedule I - Condensed Finan139

Schedule I - Condensed Financial Information of Registrant (PARENT ONLY) - BALANCE SHEETS (Details) - USD ($) $ / shares in Units, $ in Millions		Dec. 31, 2017		Dec. 31, 2016		Dec. 31, 2015	Dec. 31, 2014
ASSETS
Cash and cash equivalents		$ 470	[1]	$ 385	[1]	$ 236	$ 825
Prepaid assets		60		49
Receivable from affiliate		27		15
Total current assets		5,979		3,555
Investment in and advances to affiliates		266		248
Total assets		10,244		9,189
LIABILITIES AND STOCKHOLDERS' EQUITY
Payable to affiliate		18		16
Accrued liabilities	[1]	569		471
Total current liabilities		3,265		1,778
Other long-term liabilities	[1]	1,086		1,057
Total liabilities		6,873		7,722
STOCKHOLDERS' EQUITY
Common stock $0.01 par value, 1,200,000,000 shares authorized, 252,759,715 and 250,802,175 shares issued and 240,213,606 and 236,370,347 shares outstanding, respectively		3		3
Additional paid-in capital		3,889		3,447
Treasury stock, 12,607,223 shares		(150)		(150)
Unearned stock-based compensation		(15)		(17)
Retained earnings (accumulated deficit)		161		(325)
Accumulated other comprehensive loss		(1,268)		(1,671)
Total Huntsman Corporation stockholders' equity		2,620		1,287
Total liabilities and equity		$ 10,244		$ 9,189
Common stock, par value (in dollars per share)		$ 0.01		$ 0.01
Common stock, shares authorized		1,200,000,000		1,200,000,000
Common stock, shares issued		252,759,715		250,802,175
Common stock, shares outstanding		240,213,606		236,370,347
Treasury stock, shares		12,607,223		12,607,223
Parent
ASSETS
Cash and cash equivalents		$ 2		$ 1			150
Prepaid assets		1
Receivable from affiliate		54		36
Note receivable from affiliate		100		100
Total current assets		157		137
Note receivable from affiliate-long-term		742		696
Investment in and advances to affiliates		2,082		781
Total assets		2,981		1,614
LIABILITIES AND STOCKHOLDERS' EQUITY
Payable to affiliate		346		315
Accrued liabilities		3		2
Total current liabilities		349		317
Other long-term liabilities		12		10
Total liabilities		361		327
STOCKHOLDERS' EQUITY
Common stock $0.01 par value, 1,200,000,000 shares authorized, 252,759,715 and 250,802,175 shares issued and 240,213,606 and 236,370,347 shares outstanding, respectively		3		3
Additional paid-in capital		3,889		3,447
Treasury stock, 12,607,223 shares		(150)		(150)
Unearned stock-based compensation		(15)		(17)
Retained earnings (accumulated deficit)		161		(325)
Accumulated other comprehensive loss		(1,268)		(1,671)
Total Huntsman Corporation stockholders' equity		2,620		1,287		$ 1,442	$ 1,778
Total liabilities and equity		$ 2,981		$ 1,614
Common stock, par value (in dollars per share)		$ 0.01		$ 0.01
Common stock, shares authorized		1,200,000,000		1,200,000,000
Common stock, shares issued		252,759,715		250,802,175
Common stock, shares outstanding		240,213,606		236,370,347
Treasury stock, shares		12,607,223		12,607,223
[1]	At December 31, 2017 and December 31, 2016, respectively, $15 and $20 of cash and cash equivalents, $11 and $10 of restricted cash, $35 and $21 of accounts and notes receivable (net), $46 and $45 of inventories, $7 and $5 of other current assets, $283 and $279 of property, plant and equipment (net), $10 each of intangible assets (net), $43 and $37 of other noncurrent assets, $109 and $89 of accounts payable, $32 and $30 of accrued liabilities, $21 and $12 of current portion of debt, $86 and $114 of longterm debt, and $98 and $76 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 7. Variable Interest Entities.”

Schedule I - Condensed Finan140

Schedule I - Condensed Financial Information of Registrant (PARENT ONLY) - STATEMENTS OF OPERATIONS (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
CONDENSED CONSOLIDATING FINANCIAL INFORMATION
Selling, general and administrative expenses									$ (798)	$ (768)	$ (791)
Interest (expense) income									(165)	(203)	(205)
Equity in income (loss) of subsidiaries									13	5	6
Net income attributable to Huntsman Corporation or Huntsman International LLC	$ 246	$ 147	$ 167	$ 76	$ 128	$ 55	$ 87	$ 56	636	326	93
Parent
CONDENSED CONSOLIDATING FINANCIAL INFORMATION
Selling, general and administrative expenses									(4)	(4)	(5)
Interest (expense) income									16	12	9
Equity in income (loss) of subsidiaries									504	199	(32)
Dividend income - affiliate									120	119	121
Net income attributable to Huntsman Corporation or Huntsman International LLC									$ 636	$ 326	$ 93

Schedule I - Condensed Finan141

Schedule I - Condensed Financial Information of Registrant (PARENT ONLY) - STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
CONDENSED CONSOLIDATING FINANCIAL INFORMATION
Net income	$ 287	$ 179	$ 183	$ 92	$ 137	$ 64	$ 94	$ 62	$ 741	$ 357	$ 126
Other comprehensive income (loss), net of tax:
Foreign currency translations adjustments									210	(171)	(313)
Pension and other postretirement benefits adjustments									86	(219)	66
Other, net										(1)	7
Comprehensive loss									1,037	(34)	(114)
Comprehensive income attributable to noncontrolling interests									(127)	(23)	(28)
Comprehensive income (loss) attributable to Huntsman Corporation or Huntsman International LLC									910	(57)	(142)
Parent
CONDENSED CONSOLIDATING FINANCIAL INFORMATION
Net income									636	326	93
Other comprehensive income (loss), net of tax:
Foreign currency translations adjustments									210	(171)	(313)
Pension and other postretirement benefits adjustments									86	(219)	66
Other, net									105	30	40
Other comprehensive income (loss), net of tax									401	(360)	(207)
Comprehensive loss									1,037	(34)	(114)
Comprehensive income attributable to noncontrolling interests									(127)	(23)	(28)
Comprehensive income (loss) attributable to Huntsman Corporation or Huntsman International LLC									$ 910	$ (57)	$ (142)

Schedule I - Condensed Finan142

Schedule I - Condensed Financial Information of Registrant (PARENT ONLY) - STATEMENTS OF STOCKHOLDERS' EQUITY (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Increase (Decrease) in Stockholders' Equity
Balance				$ 1,287					$ 1,287
Balance (in shares)				236,370,347					236,370,347
Net income	$ 246	$ 147	$ 167	$ 76	$ 128	$ 55	$ 87	$ 56	$ 636	$ 326	$ 93
Other comprehensive income (loss)									296	(391)	(240)
Vesting of stock awards									8	2	7
Recognition of stock-based compensation									28	25	26
Repurchase and cancellation of stock awards									(12)	(3)	(7)
Contribution from noncontrolling interests									5
Stock options exercised									35	1	1
Excess tax benefit related to stock‑based compensation										(3)	1
Cash paid for noncontrolling interest											(1)
Dividends paid to noncontrolling interests									(34)	(30)	(14)
Disposition of a portion of P and A Business									413
Costs of the IPO and secondary offering of the P&A Business									(58)
Noncontrolling interest from partial disposal of P and A Business									602
Treasury stock repurchased											(100)
Dividends declared on common stock									(120)	(120)	(121)
Balance	$ 2,620				$ 1,287				$ 2,620	$ 1,287
Balance (in shares)	240,213,606				236,370,347				240,213,606	236,370,347
Parent
Increase (Decrease) in Stockholders' Equity
Balance				$ 1,287				$ 1,442	$ 1,287	$ 1,442	1,778
Balance (in shares)				236,370,347					236,370,347
Net income									$ 636	326	93
Other comprehensive income (loss)									403	(383)	(235)
Vesting of stock awards									8	2	7
Recognition of stock-based compensation									28	25	26
Repurchase and cancellation of stock awards									(12)	(3)	(7)
Stock options exercised									35	1	1
Excess tax benefit related to stock‑based compensation										3	1
Cash paid for noncontrolling interest											(1)
Disposition of a portion of P and A Business									413
Costs of the IPO and secondary offering of the P&A Business									(58)
Treasury stock repurchased											(100)
Dividends declared on common stock									(120)	(120)	(121)
Balance	$ 2,620				$ 1,287				$ 2,620	$ 1,287	$ 1,442
Balance (in shares)	240,213,606				236,370,347				240,213,606	236,370,347
Common stock
Increase (Decrease) in Stockholders' Equity
Balance (in shares)				236,370,347				237,080,026	236,370,347	237,080,026	243,416,979
Vesting of stock awards (in shares)									1,316,975	914,081	1,037,743
Repurchase and cancellation of stock awards (in shares)									(402,978)	(256,468)	(304,340)
Stock options exercised (in shares)									2,929,262	77,477	48,572
Treasury stock repurchased (in shares)										(1,444,769)	(7,118,928)
Balance (in shares)	240,213,606				236,370,347				240,213,606	236,370,347	237,080,026
Common stock | Parent
Increase (Decrease) in Stockholders' Equity
Balance				$ 3				$ 3	$ 3	$ 3	$ 3
Balance (in shares)				236,370,347				237,080,026	236,370,347	237,080,026	243,416,979
Vesting of stock awards (in shares)									1,316,975	914,081	1,037,743
Repurchase and cancellation of stock awards (in shares)									(402,978)	(256,468)	(304,340)
Stock options exercised (in shares)									2,929,262	77,477	48,572
Treasury stock repurchased (in shares)										(1,444,769)	(7,118,928)
Balance	$ 3				$ 3				$ 3	$ 3	$ 3
Balance (in shares)	240,213,606				236,370,347				240,213,606	236,370,347	237,080,026
Additional paid-in capital
Increase (Decrease) in Stockholders' Equity
Issuance of nonvested stock awards									$ 18	$ 16	$ 19
Vesting of stock awards									8	2	7
Recognition of stock-based compensation									10	9	10
Stock options exercised									53	1	1
Excess tax benefit related to stock‑based compensation										(3)	1
Cash paid for noncontrolling interest											(1)
Disposition of a portion of P and A Business									413
Costs of the IPO and secondary offering of the P&A Business									(58)
Conversion of restricted awards to P and A Business awards									(2)
Treasury stock repurchased										15	(15)
Additional paid-in capital | Parent
Increase (Decrease) in Stockholders' Equity
Balance				$ 3,447				$ 3,407	3,447	3,407	3,385
Issuance of nonvested stock awards									18	16	19
Vesting of stock awards									8	2	7
Recognition of stock-based compensation									10	9	10
Stock options exercised									53	1	1
Excess tax benefit related to stock‑based compensation										3	1
Cash paid for noncontrolling interest											(1)
Disposition of a portion of P and A Business									413
Costs of the IPO and secondary offering of the P&A Business									(58)
Conversion of restricted awards to P and A Business awards									(2)
Treasury stock repurchased										15	(15)
Balance	$ 3,889				$ 3,447				3,889	3,447	3,407
Treasury stock
Increase (Decrease) in Stockholders' Equity
Treasury stock repurchased										(15)	(85)
Treasury stock | Parent
Increase (Decrease) in Stockholders' Equity
Balance				(150)				(135)	(150)	(135)	(50)
Treasury stock repurchased										(15)	(85)
Balance	(150)				(150)				(150)	(150)	(135)
Unearned stock-based compensation
Increase (Decrease) in Stockholders' Equity
Issuance of nonvested stock awards									(18)	(16)	(19)
Recognition of stock-based compensation									18	16	16
Conversion of restricted awards to P and A Business awards									2
Unearned stock-based compensation | Parent
Increase (Decrease) in Stockholders' Equity
Balance				(17)				(17)	(17)	(17)	(14)
Issuance of nonvested stock awards									(18)	(16)	(19)
Recognition of stock-based compensation									18	16	16
Conversion of restricted awards to P and A Business awards									2
Balance	(15)				(17)				(15)	(17)	(17)
Retained earnings (accumulated deficit)
Increase (Decrease) in Stockholders' Equity
Repurchase and cancellation of stock awards									(12)	(3)	(7)
Stock options exercised									(18)
Dividends declared on common stock									(120)	(120)	(121)
Retained earnings (accumulated deficit) | Parent
Increase (Decrease) in Stockholders' Equity
Balance				(325)				(528)	(325)	(528)	(493)
Net income									636	326	93
Repurchase and cancellation of stock awards									(12)	(3)	(7)
Stock options exercised									(18)
Dividends declared on common stock									(120)	(120)	(121)
Balance	161				(325)				161	(325)	(528)
Accumulated other comprehensive (loss) income
Increase (Decrease) in Stockholders' Equity
Other comprehensive income (loss)									403	(383)	(235)
Accumulated other comprehensive (loss) income | Parent
Increase (Decrease) in Stockholders' Equity
Balance				$ (1,671)				$ (1,288)	(1,671)	(1,288)	(1,053)
Other comprehensive income (loss)									403	(383)	(235)
Balance	$ (1,268)				$ (1,671)				$ (1,268)	$ (1,671)	$ (1,288)

Schedule I - Condensed Finan143

Schedule I - Condensed Financial Information of Registrant (PARENT ONLY) - STATEMENTS OF CASH FLOWS (Details) - USD ($) $ in Millions	3 Months Ended											12 Months Ended
	Dec. 31, 2017		Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017		Dec. 31, 2016		Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017		Dec. 31, 2016		Dec. 31, 2015
Operating Activities:
Net income	$ 287		$ 179	$ 183	$ 92		$ 137		$ 64	$ 94	$ 62	$ 741		$ 357		$ 126
Equity in (income) loss of subsidiaries												(13)		(5)		(6)
Stock-based compensation												36		32		29
Net cash provided by operating activities												1,219		1,088		575
Investing Activities:
Net cash (used in) provided by investing activities												(424)		(202)		(600)
Financing Activities:
Dividends paid to common stockholders	(30)		$ (30)	$ (30)	(30)		(30)		$ (30)	$ (30)	(30)	(120)		(120)		(121)
Repurchase and cancellation of stock awards												(12)		(3)		(7)
Proceeds from issuance of common stock												35		1		1
Repurchase of common stock																(100)
Other, net												1		(1)
Net cash used in financing activities												(519)		(723)		(562)
Increase in cash and cash equivalents												294		157		(603)
Cash and cash equivalents at beginning of period					385	[1]					$ 236	385	[1]	236		825
Cash and cash equivalents at end of period	470	[1]					385	[1]				470	[1]	385	[1]	236
Parent
Operating Activities:
Net income												636		326		93
Equity in (income) loss of subsidiaries												(504)		(199)		32
Stock-based compensation												1		1		1
Noncash interest income												(16)		(12)		(9)
Changes in operating assets and liabilities												13		12		8
Net cash provided by operating activities												130		128		125
Investing Activities:
Loan to affiliate												(47)				(195)
Repayments of loan by affiliate														1		148
Net cash (used in) provided by investing activities												(47)		1		(47)
Financing Activities:
Dividends paid to common stockholders												(120)		(120)		(121)
Repurchase and cancellation of stock awards												(12)		(3)		(7)
Proceeds from issuance of common stock												35		1		1
Repurchase of common stock																(100)
Increase (decrease) in payable to affiliates												15		(6)		(1)
Net cash used in financing activities												(82)		(128)		(228)
Increase in cash and cash equivalents												1		1		(150)
Cash and cash equivalents at beginning of period					$ 1							1				$ 150
Cash and cash equivalents at end of period	$ 2						$ 1					$ 2		$ 1
[1]	At December 31, 2017 and December 31, 2016, respectively, $15 and $20 of cash and cash equivalents, $11 and $10 of restricted cash, $35 and $21 of accounts and notes receivable (net), $46 and $45 of inventories, $7 and $5 of other current assets, $283 and $279 of property, plant and equipment (net), $10 each of intangible assets (net), $43 and $37 of other noncurrent assets, $109 and $89 of accounts payable, $32 and $30 of accrued liabilities, $21 and $12 of current portion of debt, $86 and $114 of longterm debt, and $98 and $76 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 7. Variable Interest Entities.”

Schedule II - Valuation and 144

Schedule II - Valuation and Qualifying Accounts (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Schedule II - Valuation and Qualifying Accounts
Balance at Beginning of Period	$ 23	$ 22	$ 27
Charges (credits) to cost and expenses	3	2	1
Charged to other accounts	(1)	(1)	(6)
Balance at End of Period	25	23	22
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Schedule II - Valuation and Qualifying Accounts
Balance at Beginning of Period	23	22	27
Charges (credits) to cost and expenses	3	2	1
Charged to other accounts	(1)	(1)	(6)
Balance at End of Period	$ 25	$ 23	$ 22