Huntsman International 10-Q 28 Jul 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2020	Jul. 20, 2020
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2020
Document Transition Report	false
Entity File Number	001-32427
Entity Registrant Name	Huntsman Corporation
Entity Address, Address Line One	10003 Woodloch Forest Drive
Entity Address, City or Town	The Woodlands
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77380
City Area Code	281
Local Phone Number	719-6000
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	42-1648585
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	HUN
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		220,625,413
Entity Central Index Key	0001307954
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Amendment Flag	false
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2020
Document Transition Report	false
Entity File Number	333-85141
Entity Registrant Name	Huntsman International LLC
Entity Address, Address Line One	10003 Woodloch Forest Drive
Entity Address, City or Town	The Woodlands
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77380
City Area Code	281
Local Phone Number	719-6000
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	87-0630358
Title of 12(b) Security	NONE
No Trading Symbol Flag	true
Security Exchange Name	NONE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001089748
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions		Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	[1]	$ 1,254	$ 525
Accounts and notes receivable (net of allowance for doubtful accounts of $28 and $19, respectively), ($190 and $221 pledged as collateral, respectively)	[1]	828	940
Accounts receivable from affiliates		7	13
Inventories	[1]	885	914
Other current assets		130	155
Current assets held for sale			1,208
Total current assets		3,104	3,755
Property, plant and equipment, net	[1]	2,457	2,383
Investment in unconsolidated affiliates		427	535
Intangible assets, net	[1]	408	197
Goodwill		522	276
Deferred income taxes		289	292
Notes receivable from affiliate		34	34
Operating lease right-of-use assets		419	396
Other noncurrent assets	[1]	466	452
Total assets		8,126	8,320
Current liabilities:
Accounts payable	[1]	587	765
Accounts payable to affiliates		23	57
Accrued liabilities	[1]	723	420
Current portion of debt	[1]	650	212
Current operating lease liabilities	[1]	44	42
Current liabilities held for sale			512
Total current liabilities		2,027	2,008
Long-term debt	[1]	1,527	2,177
Deferred income taxes		40	29
Noncurrent operating lease liabilities	[1]	402	384
Other noncurrent liabilities	[1]	806	898
Total liabilities		4,802	5,496
Commitments and contingencies (Notes 15 and 16)
Huntsman Corporation stockholders' equity or Huntsman International LLC members' equity:
Common stock $0.01 par value, 1,200,000,000 shares authorized, 258,199,600 and 257,405,496 shares issued and 219,747,021 and 224,295,868 shares outstanding, respectively		3	3
Additional paid-in capital		4,037	4,008
Treasury stock, 38,477,091 and 33,112,572 shares, respectively		(731)	(635)
Unearned stock-based compensation		(26)	(17)
Retained earnings		1,252	690
Accumulated other comprehensive loss		(1,354)	(1,362)
Total Huntsman Corporation stockholders' equity		3,181	2,687
Noncontrolling interests in subsidiaries		143	137
Total equity		3,324	2,824
Total liabilities and equity		8,126	8,320
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Current assets:
Cash and cash equivalents	[1]	1,253	525
Accounts and notes receivable (net of allowance for doubtful accounts of $28 and $19, respectively), ($190 and $221 pledged as collateral, respectively)	[1]	828	940
Accounts receivable from affiliates		42	410
Inventories	[1]	885	914
Other current assets		129	161
Current assets held for sale			1,208
Total current assets		3,137	4,158
Property, plant and equipment, net	[1]	2,457	2,383
Investment in unconsolidated affiliates		427	535
Intangible assets, net	[1]	408	197
Goodwill		522	276
Deferred income taxes		289	292
Notes receivable from affiliate		34	34
Operating lease right-of-use assets		419	396
Other noncurrent assets	[1]	466	452
Total assets		8,159	8,723
Current liabilities:
Accounts payable	[1]	587	765
Accounts payable to affiliates		25	143
Accrued liabilities	[1]	714	417
Notes payable to affiliates			100
Current portion of debt	[1]	650	212
Current operating lease liabilities	[1]	44	42
Current liabilities held for sale			512
Total current liabilities		2,020	2,191
Long-term debt	[1]	1,527	2,177
Notes payable to affiliates			280
Deferred income taxes		41	29
Noncurrent operating lease liabilities	[1]	402	384
Other noncurrent liabilities	[1]	800	890
Total liabilities		4,790	5,951
Commitments and contingencies (Notes 15 and 16)
Huntsman Corporation stockholders' equity or Huntsman International LLC members' equity:
Members' equity, 2,728 units issued and outstanding		3,688	3,675
Retained earnings		881	312
Accumulated other comprehensive loss		(1,343)	(1,352)
Total Huntsman International LLC members' equity		3,226	2,635
Noncontrolling interests in subsidiaries		143	137
Total equity		3,369	2,772
Total liabilities and equity		$ 8,159	$ 8,723
[1]	At June 30, 2020 and December 31, 2019, respectively, $1 and nil of cash and cash equivalents, $6 and $13 of accounts and notes receivable (net), $32 and $35 of inventories, $173 and $180 of property, plant and equipment (net), $22 and $20 of other noncurrent assets, $79 and $100 of accounts payable, $13 and $10 of accrued liabilities, $47 and $36 of current portion of debt, $4 each of current operating lease liabilities, $6 and $29 of long-term debt, $13 and $11 of noncurrent operating lease liabilities and $83 and $87 of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 6. Variable Interest Entities.”

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions		Jun. 30, 2020	Dec. 31, 2019
Accounts and notes receivable, allowance for doubtful accounts (in dollars)		$ 28	$ 19
Accounts and notes receivable, pledged as collateral (in dollars)		$ 190	$ 221
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		258,199,600	257,405,496
Common stock, shares outstanding		219,747,021	224,295,868
Treasury stock, shares		38,477,091	33,112,572
Variable Interest Entity
Cash and cash equivalents	[1]	$ 1,254	$ 525
Accounts and notes receivable (net)	[1]	828	940
Inventories	[1]	885	914
Other current assets		130	155
Property, plant and equipment (net)	[1]	2,457	2,383
Other noncurrent assets	[1]	466	452
Accounts payable	[1]	587	765
Accrued liabilities	[1]	723	420
Current portion of debt	[1]	650	212
Current operating lease liabilities	[1]	44	42
Long-term debt	[1]	1,527	2,177
Noncurrent operating lease liabilities	[1]	402	384
Other noncurrent liabilities	[1]	806	898
Consolidated VIE's
Variable Interest Entity
Cash and cash equivalents		1	0
Accounts and notes receivable (net)		6	13
Inventories		32	35
Property, plant and equipment (net)		173	180
Other noncurrent assets		22	20
Accounts payable		79	100
Accrued liabilities		13	10
Current portion of debt		47	36
Current operating lease liabilities		4	4
Long-term debt		6	29
Noncurrent operating lease liabilities		13	11
Other noncurrent liabilities		83	87
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Accounts and notes receivable, allowance for doubtful accounts (in dollars)		28	19
Accounts and notes receivable, pledged as collateral (in dollars)		$ 190	$ 221
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	[1]	$ 1,253	$ 525
Accounts and notes receivable (net)	[1]	828	940
Inventories	[1]	885	914
Other current assets		129	161
Property, plant and equipment (net)	[1]	2,457	2,383
Other noncurrent assets	[1]	466	452
Accounts payable	[1]	587	765
Accrued liabilities	[1]	714	417
Current portion of debt	[1]	650	212
Current operating lease liabilities	[1]	44	42
Long-term debt	[1]	1,527	2,177
Noncurrent operating lease liabilities	[1]	402	384
Other noncurrent liabilities	[1]	800	890
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Consolidated VIE's
Variable Interest Entity
Cash and cash equivalents		1	0
Accounts and notes receivable (net)		6	13
Inventories		32	35
Property, plant and equipment (net)		173	180
Other noncurrent assets		22	20
Accounts payable		79	100
Accrued liabilities		13	10
Current portion of debt		47	36
Current operating lease liabilities		4	4
Long-term debt		6	29
Noncurrent operating lease liabilities		13	11
Other noncurrent liabilities		$ 83	$ 87
[1]	At June 30, 2020 and December 31, 2019, respectively, $1 and nil of cash and cash equivalents, $6 and $13 of accounts and notes receivable (net), $32 and $35 of inventories, $173 and $180 of property, plant and equipment (net), $22 and $20 of other noncurrent assets, $79 and $100 of accounts payable, $13 and $10 of accrued liabilities, $47 and $36 of current portion of debt, $4 each of current operating lease liabilities, $6 and $29 of long-term debt, $13 and $11 of noncurrent operating lease liabilities and $83 and $87 of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 6. Variable Interest Entities.”

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenues:
Total revenues	$ 1,247	$ 1,784	$ 2,840	$ 3,453
Cost of goods sold	1,085	1,411	2,381	2,721
Gross profit	162	373	459	732
Operating expenses:
Selling, general and administrative	186	185	385	392
Research and development	32	38	68	74
Restructuring, impairment and plant closing costs	19		22	1
Other operating income, net	(6)	(2)	(1)	(2)
Total operating expenses	231	221	474	465
Operating (loss) income	(69)	152	(15)	267
Interest expense, net	(21)	(29)	(39)	(59)
Equity in income of investment in unconsolidated affiliates	2	12	4	22
Fair value adjustments to Venator investment	4	(18)	(106)	58
Loss on early extinguishment of debt				(23)
Other income, net	7	4	17	9
(Loss) income from continuing operations before income taxes	(77)	121	(139)	274
Income tax benefit (expense)	13	(38)	6	(83)
(Loss) income from continuing operations	(64)	83	(133)	191
Income from discontinued operations, net of tax	5	35	782	58
Net (loss) income	(59)	118	649	249
Net income attributable to noncontrolling interests	(3)	(8)	(6)	(20)
Net (loss) income attributable to Huntsman Corporation or Huntsman International LLC	$ (62)	$ 110	$ 643	$ 229
Basic (loss) income per share:
(Loss) income from continuing operations attributable to Huntsman Corporation common stockholders	$ (0.30)	$ 0.33	$ (0.63)	$ 0.74
Income from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax	0.02	0.15	3.53	0.25
Net (loss) income attributable to Huntsman Corporation common stockholders (in dollars per share)	$ (0.28)	$ 0.48	$ 2.90	$ 0.99
Weighted average shares (in shares)	219.7	230.6	221.4	231.9
Diluted (loss) income per share:
(Loss) income from continuing operations attributable to Huntsman Corporation common stockholders	$ (0.30)	$ 0.32	$ (0.63)	$ 0.73
Income from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax	0.02	0.15	3.53	0.25
Net (loss) income attributable to Huntsman Corporation common stockholders (in dollars per share)	$ (0.28)	$ 0.47	$ 2.90	$ 0.98
Weighted average shares (in shares)	219.7	232.1	221.4	233.6
Amounts attributable to Huntsman Corporation common stockholders:
(Loss) Income from continuing operations	$ (67)	$ 75	$ (139)	$ 171
Income from discontinued operations, net of tax	5	35	782	58
Net (loss) income attributable to Huntsman Corporation or Huntsman International LLC	(62)	110	643	229
Third Party Customers
Revenues:
Total revenues	1,226	1,751	2,775	3,391
Related Party Customers
Revenues:
Total revenues	21	33	65	62
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Revenues:
Total revenues	1,247	1,784	2,840	3,453
Cost of goods sold	1,085	1,411	2,381	2,721
Gross profit	162	373	459	732
Operating expenses:
Selling, general and administrative	185	184	382	389
Research and development	32	38	68	74
Restructuring, impairment and plant closing costs	19		22	1
Other operating income, net	(6)	(2)	(1)	(2)
Total operating expenses	230	220	471	462
Operating (loss) income	(68)	153	(12)	270
Interest expense, net	(21)	(33)	(41)	(68)
Equity in income of investment in unconsolidated affiliates	2	12	4	22
Fair value adjustments to Venator investment	4	(18)	(106)	58
Loss on early extinguishment of debt				(23)
Other income, net	6	3	15	7
(Loss) income from continuing operations before income taxes	(77)	117	(140)	266
Income tax benefit (expense)	13	(37)	6	(81)
(Loss) income from continuing operations	(64)	80	(134)	185
Income from discontinued operations, net of tax	5	35	782	58
Net (loss) income	(59)	115	648	243
Net income attributable to noncontrolling interests	(3)	(8)	(6)	(20)
Net (loss) income attributable to Huntsman Corporation or Huntsman International LLC	(62)	107	642	223
Amounts attributable to Huntsman Corporation common stockholders:
Net (loss) income attributable to Huntsman Corporation or Huntsman International LLC	(62)	107	642	223
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Third Party Customers
Revenues:
Total revenues	1,226	1,751	2,775	3,391
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Related Party Customers
Revenues:
Total revenues	$ 21	$ 33	$ 65	$ 62

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Net (loss) income	$ (59)	$ 118	$ 649	$ 249
Other comprehensive income (loss), net of tax:
Foreign currency translations adjustments	17	(22)	(56)	20
Pension and other postretirement benefits adjustments	12	13	64	25
Other comprehensive income (loss), net of tax	29	(9)	8	45
Comprehensive (loss) income	(30)	109	657	294
Comprehensive income attributable to noncontrolling interests	(3)	(6)	(6)	(20)
Comprehensive (loss) income attributable to Huntsman Corporation	(33)	103	651	274
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Net (loss) income	(59)	115	648	243
Other comprehensive income (loss), net of tax:
Foreign currency translations adjustments	16	(21)	(57)	20
Pension and other postretirement benefits adjustments	13	13	66	26
Other comprehensive income (loss), net of tax	29	(8)	9	46
Comprehensive (loss) income	(30)	107	657	289
Comprehensive income attributable to noncontrolling interests	(3)	(6)	(6)	(20)
Comprehensive (loss) income attributable to Huntsman Corporation	$ (33)	$ 101	$ 651	$ 269

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Millions	HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIESMembers' equity	HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIESRetained earnings	HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIESAccumulated other comprehensive loss	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 other comprehensive loss	Noncontrolling interests in subsidiaries	Total
Balance at the beginning of the period at Dec. 31, 2018						$ 3	$ 3,984	$ (427)	$ (16)	$ 292	$ (1,316)	$ 229	$ 2,749
Balance (in shares) at Dec. 31, 2018						232,994,172
Balance at the beginning of the period at Dec. 31, 2018	$ 3,658	$ (91)	$ (1,308)	$ 229	$ 2,488
Balance (in units) at Dec. 31, 2018	2,728
Increase (Decrease) in Stockholders' Equity and Members' Equity
Net (loss) income		116		12	128					119		12	131
Dividends paid to parent		(37)			(37)
Other comprehensive (loss) income			52	2	54						52	2	54
Issuance of nonvested stock awards							16		(16)
Vesting of stock awards							7						7
Vesting of stock awards (in shares)						1,619,502
Recognition of stock-based compensation							2		4				6
Repurchase and cancellation of stock awards										(12)			(12)
Repurchase and cancellation of stock awards (in shares)						(483,053)
Stock options exercised							1						1
Stock options exercised (in shares)						78,054
Contribution from parent	$ 7				7
Treasury stock repurchased								(34)					(34)
Treasury stock repurchased (in shares)						(1,525,767)
Dividends declared on common stock ($0.1625 per share)										(39)			(39)
Balance at the end of the period at Mar. 31, 2019						$ 3	4,010	(461)	(28)	360	(1,264)	243	2,863
Balance (in shares) at Mar. 31, 2019						232,682,908
Balance at the end of the period at Mar. 31, 2019	$ 3,665	(12)	(1,256)	243	2,640
Balance (in units) at Mar. 31, 2019	2,728
Balance at the beginning of the period at Dec. 31, 2018						$ 3	3,984	(427)	(16)	292	(1,316)	229	2,749
Balance (in shares) at Dec. 31, 2018						232,994,172
Balance at the beginning of the period at Dec. 31, 2018	$ 3,658	(91)	(1,308)	229	2,488
Balance (in units) at Dec. 31, 2018	2,728
Increase (Decrease) in Stockholders' Equity and Members' Equity
Net (loss) income					243								249
Other comprehensive (loss) income			46		46						45		45
Balance at the end of the period at Jun. 30, 2019						$ 3	4,013	(542)	(24)	432	(1,271)	209	2,820
Balance (in shares) at Jun. 30, 2019						228,700,570
Balance at the end of the period at Jun. 30, 2019	$ 3,672	57	(1,262)	209	2,676
Balance (in units) at Jun. 30, 2019	2,728
Balance at the beginning of the period at Mar. 31, 2019						$ 3	4,010	(461)	(28)	360	(1,264)	243	2,863
Balance (in shares) at Mar. 31, 2019						232,682,908
Balance at the beginning of the period at Mar. 31, 2019	$ 3,665	(12)	(1,256)	243	2,640
Balance (in units) at Mar. 31, 2019	2,728
Increase (Decrease) in Stockholders' Equity and Members' Equity
Net (loss) income		107		8	115					110		8	118
Dividends paid to parent		(38)			(38)
Other comprehensive (loss) income			(6)	(2)	(8)						(7)	(2)	(9)
Vesting of stock awards (in shares)						6,701
Recognition of stock-based compensation							2		4				6
Repurchase and cancellation of stock awards (in shares)						(1,732)
Stock options exercised							1						1
Stock options exercised (in shares)						27,180
Contribution from parent	$ 7				7
Dividends declared to noncontrolling interests				(40)	(40)							(40)	(40)
Treasury stock repurchased								(81)					(81)
Treasury stock repurchased (in shares)						(4,014,487)
Dividends declared on common stock ($0.1625 per share)										(38)			(38)
Balance at the end of the period at Jun. 30, 2019						$ 3	4,013	(542)	(24)	432	(1,271)	209	2,820
Balance (in shares) at Jun. 30, 2019						228,700,570
Balance at the end of the period at Jun. 30, 2019	$ 3,672	57	(1,262)	209	2,676
Balance (in units) at Jun. 30, 2019	2,728
Balance at the beginning of the period at Dec. 31, 2019						$ 3	4,008	(635)	(17)	690	(1,362)	137	$ 2,824
Balance (in shares) at Dec. 31, 2019						224,295,868							224,295,868
Balance at the beginning of the period at Dec. 31, 2019	$ 3,675	312	(1,352)	137	$ 2,772
Balance (in units) at Dec. 31, 2019	2,728				2,728
Increase (Decrease) in Stockholders' Equity and Members' Equity
Net (loss) income		704		3	$ 707					705		3	$ 708
Dividends paid to parent		(37)			(37)
Other comprehensive (loss) income			(20)		(20)						(21)		(21)
Issuance of nonvested stock awards							18		(18)
Vesting of stock awards							4						4
Vesting of stock awards (in shares)						943,026
Recognition of stock-based compensation							2		5				7
Repurchase and cancellation of stock awards										(6)			(6)
Repurchase and cancellation of stock awards (in shares)						(283,975)
Stock options exercised							2			(2)
Stock options exercised (in shares)						57,209
Contribution from parent	$ 6				6
Treasury stock repurchased								(96)					$ (96)
Treasury stock repurchased (in shares)						(5,364,519)							(5,364,519)
Dividends declared on common stock ($0.1625 per share)										(37)			$ (37)
Balance at the end of the period at Mar. 31, 2020						$ 3	4,034	(731)	(30)	1,350	(1,383)	140	3,383
Balance (in shares) at Mar. 31, 2020						219,647,609
Balance at the end of the period at Mar. 31, 2020	$ 3,681	979	(1,372)	140	3,428
Balance (in units) at Mar. 31, 2020	2,728
Balance at the beginning of the period at Dec. 31, 2019						$ 3	4,008	(635)	(17)	690	(1,362)	137	$ 2,824
Balance (in shares) at Dec. 31, 2019						224,295,868							224,295,868
Balance at the beginning of the period at Dec. 31, 2019	$ 3,675	312	(1,352)	137	$ 2,772
Balance (in units) at Dec. 31, 2019	2,728				2,728
Increase (Decrease) in Stockholders' Equity and Members' Equity
Net (loss) income					$ 648								$ 649
Other comprehensive (loss) income			9		9						8		8
Balance at the end of the period at Jun. 30, 2020						$ 3	4,037	(731)	(26)	1,252	(1,354)	143	$ 3,324
Balance (in shares) at Jun. 30, 2020						219,747,021							219,747,021
Balance at the end of the period at Jun. 30, 2020	$ 3,688	881	(1,343)	143	$ 3,369
Balance (in units) at Jun. 30, 2020	2,728				2,728
Balance at the beginning of the period at Mar. 31, 2020						$ 3	4,034	(731)	(30)	1,350	(1,383)	140	$ 3,383
Balance (in shares) at Mar. 31, 2020						219,647,609
Balance at the beginning of the period at Mar. 31, 2020	$ 3,681	979	(1,372)	140	$ 3,428
Balance (in units) at Mar. 31, 2020	2,728
Increase (Decrease) in Stockholders' Equity and Members' Equity
Net (loss) income		(62)		3	(59)					(62)		3	(59)
Dividends paid to parent		(36)			(36)
Other comprehensive (loss) income			29		29						29		29
Vesting of stock awards (in shares)						8,448
Recognition of stock-based compensation							2		4				6
Repurchase and cancellation of stock awards (in shares)						(1,093)
Stock options exercised							1						1
Stock options exercised (in shares)						92,057
Contribution from parent	$ 7				7
Dividends declared on common stock ($0.1625 per share)										(36)			(36)
Balance at the end of the period at Jun. 30, 2020						$ 3	$ 4,037	$ (731)	$ (26)	$ 1,252	$ (1,354)	$ 143	$ 3,324
Balance (in shares) at Jun. 30, 2020						219,747,021							219,747,021
Balance at the end of the period at Jun. 30, 2020	$ 3,688	$ 881	$ (1,343)	$ 143	$ 3,369
Balance (in units) at Jun. 30, 2020	2,728				2,728

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY
Dividends declared per share (in dollars per share)	$ 0.1625	$ 0.1625	$ 0.1625	$ 0.1625

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Operating Activities:
Net income	$ 649	$ 249
Less: Income loss from discontinued operations, net of tax	(782)	(58)
(Loss) income from continuing operations	(133)	191
Adjustments to reconcile (loss) income from continuing operations to net cash provided by operating activities from continuing operations:
Equity in income of investment in unconsolidated affiliates	(4)	(22)
Unrealized losses (gains) on fair value adjustments to Venator investment	106	(57)
Cash received from return on investment in unconsolidated subsidiary	4	10
Depreciation and amortization	136	136
Noncash lease expense	30	27
Loss on early extinguishment of debt		23
Deferred income taxes	(24)	43
Stock-based compensation	14	15
Taxes paid on sale of Chemical Intermediates Businesses	(10)
Other, net	2	6
Changes in operating assets and liabilities:
Accounts and notes receivable	179	(47)
Inventories	79	24
Prepaid expenses	17	2
Other current assets	5	31
Other noncurrent assets	(19)	(64)
Accounts payable	(196)	(12)
Accrued liabilities	(58)	(77)
Other noncurrent liabilities	(83)	(52)
Net cash provided by operating activities from continuing operations	45	177
Net cash (used in) provided by operating activities from discontinued operations	(40)	96
Net cash provided by operating activities	5	273
Investing Activities:
Capital expenditures	(116)	(118)
Cash received from sale of business	1,915
Acquisition of businesses, net of cash acquired	(652)
Cash received from forward swap contract related to the sale of investment in Venator		16
Other, net	5	2
Net cash provided by (used in) investing activities from continuing operations	1,152	(100)
Net cash used in investing activities from discontinued operations		(18)
Net cash provided by (used in) investing activities	1,152	(118)
Financing Activities:
Net (repayments) borrowings on revolving loan facilities	(172)	126
Repayments of long-term debt	(14)	(662)
Proceeds from issuance of long-term debt		742
Repayments of notes payable	(32)	(14)
Debt issuance costs paid		(7)
Dividends paid to noncontrolling interests	(24)	(10)
Dividends paid to common stockholders	(73)	(77)
Repurchase and cancellation of stock awards	(6)	(12)
Proceeds from issuance of common stock	1	2
Repurchase of common stock	(96)	(115)
Costs of early extinguishment of debt		(21)
Other, net	(1)
Net cash used in financing activities	(417)	(48)
Effect of exchange rate changes on cash	(11)	2
Increase in cash, cash equivalents and restricted cash	729	109
Cash, cash equivalents and restricted cash at beginning of period	525	340
Cash, cash equivalents and restricted cash at end of period	1,254	449
Supplemental cash flow information:
Cash paid for interest	40	53
Cash paid for income taxes	55	68
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Operating Activities:
Net income	648	243
Less: Income loss from discontinued operations, net of tax	(782)	(58)
(Loss) income from continuing operations	(134)	185
Adjustments to reconcile (loss) income from continuing operations to net cash provided by operating activities from continuing operations:
Equity in income of investment in unconsolidated affiliates	(4)	(22)
Unrealized losses (gains) on fair value adjustments to Venator investment	106	(57)
Cash received from return on investment in unconsolidated subsidiary	4	10
Depreciation and amortization	136	136
Noncash lease expense	30	27
Loss on early extinguishment of debt		23
Deferred income taxes	(25)	42
Noncash compensation	13	14
Taxes paid on sale of Chemical Intermediates Businesses	(10)
Other, net	5	15
Changes in operating assets and liabilities:
Accounts and notes receivable	179	(47)
Inventories	79	24
Prepaid expenses	16	1
Other current assets	12	29
Other noncurrent assets	(19)	(64)
Accounts payable	(198)	(20)
Accrued liabilities	(64)	(77)
Other noncurrent liabilities	(82)	(50)
Net cash provided by operating activities from continuing operations	44	169
Net cash (used in) provided by operating activities from discontinued operations	(40)	96
Net cash provided by operating activities	4	265
Investing Activities:
Capital expenditures	(116)	(118)
Cash received from sale of business	1,915
Acquisition of businesses, net of cash acquired	(652)
Decrease (increase) in receivable from affiliate	278	(5)
Cash received from forward swap contract related to the sale of investment in Venator		16
Other, net	5	3
Net cash provided by (used in) investing activities from continuing operations	1,430	(104)
Net cash used in investing activities from discontinued operations		(18)
Net cash provided by (used in) investing activities	1,430	(122)
Financing Activities:
Net (repayments) borrowings on revolving loan facilities	(172)	126
Repayments of long-term debt	(14)	(662)
Proceeds from issuance of long-term debt		742
Repayments of notes payable to affiliate	(380)	(115)
Repayments of notes payable	(32)	(14)
Debt issuance costs paid		(7)
Dividends paid to noncontrolling interests	(23)	(10)
Dividends paid to parent	(73)	(75)
Costs of early extinguishment of debt		(21)
Other, net	(1)
Net cash used in financing activities	(695)	(36)
Effect of exchange rate changes on cash	(11)	2
Increase in cash, cash equivalents and restricted cash	728	109
Cash, cash equivalents and restricted cash at beginning of period	525	340
Cash, cash equivalents and restricted cash at end of period	1,253	449
Supplemental cash flow information:
Cash paid for interest	40	53
Cash paid for income taxes	$ 55	$ 68

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Capital expenditures in accounts payable	$ 59	$ 48
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Capital expenditures in accounts payable	59	48
Stock-based compensation	$ 13	$ 14

GENERAL

GENERAL	6 Months Ended
	Jun. 30, 2020
GENERAL
GENERAL	1. GENERAL ​ Certain Definitions ​ For convenience in this report, the terms “Company,” “Huntsman,” “our,” “us” or “we” may be used to refer to Huntsman Corporation and, unless the context otherwise requires, its subsidiaries and predecessors. In this report, “Huntsman International” refers to Huntsman International LLC (our wholly-owned subsidiary). ​ 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. ​ Interim Financial Statements ​ Our unaudited interim condensed consolidated financial statements and Huntsman International’s unaudited interim condensed consolidated financial statements were prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP” or “U.S. GAAP”) and in management’s opinion reflect all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of results of operations, comprehensive (loss) income, financial position and cash flows for the periods presented. Results for interim periods are not necessarily indicative of those to be expected for the full year. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes to consolidated financial statements included in the Annual Report on Form 10-K for the year ended December 31, 2019 for our Company and Huntsman International. ​ Description of Businesses ​ We are a global manufacturer of differentiated organic chemical products. We operate in four segments: Polyurethanes, Performance Products, Advanced Materials and Textile Effects. Our products comprise a broad range of chemicals and formulations, which we market globally to a diversified group of consumer and industrial customers. Our products are used in a wide range of applications, including those in the adhesives, aerospace, automotive, construction products, durable and non-durable consumer products, digital inks, electronics, insulation, medical, packaging, coatings and construction, power generation, refining, synthetic fiber, textile chemicals and dyes industries. We are a leading global producer in many of our key product lines, including MDI, amines, maleic anhydride, epoxy-based polymer formulations, textile chemicals and dyes. ​ We currently operate all of our businesses through Huntsman International, our wholly-owned subsidiary. Huntsman International is a Delaware limited liability company and was formed in 1999. ​ Huntsman Corporation and Huntsman International Financial Statements ​ Except where otherwise indicated, these notes relate to the condensed consolidated financial statements for both our Company and Huntsman International. The differences between our financial statements and Huntsman International’s financial statements relate primarily to the following: ​ ● 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, which was repaid in full during the first quarter of 2020. ​ Principles of Consolidation ​ Our condensed consolidated financial statements include the accounts of our wholly-owned and majority-owned subsidiaries and any variable interest entities for which we are the primary beneficiary. Intercompany accounts and transactions have been eliminated. ​ Reclassifications ​ Prior periods have been recasted to record the results of operations of our chemical intermediates businesses, which includes PO/MTBE, and our surfactants businesses (collectively, our “Chemical Intermediates Businesses”) as discontinued operations. See “Note 4. Discontinued Operations and Business Dispositions—Sale of Chemical Intermediates Businesses.” ​ R ecent Developments ​ Acquisition of CVC Thermoset Specialties ​ ​ Restructuring Programs ​ In July 2020, management approved a preliminary restructuring plan to optimize our downstream footprint in our Polyurethanes segment. In connection with this program, we expect to record restructuring expenses of between approximately $23 million and $31 million through 2021. ​ COVID-19 Update ​ The recent outbreak of the coronavirus disease (COVID-19) has spread from China to many other countries, including the United States. In March 2020, the World Health Organization characterized COVID-19 as a pandemic. We are a company operating in a “critical infrastructure” industry, as defined by the U.S. Department of Homeland Security. Consistent with federal and international guidelines and with state and local orders to date, we have largely continued to operate our manufacturing facilities across our footprint, with additional precautions in place to ensure the safety of our employees. As of June 30, 2020, there have not been any significant interruptions in our ability to provide our products and support to our customers. However, the COVID-19 pandemic has significantly impacted economic conditions throughout the United States and the world, including in the markets in which we operate. Demand for our products has declined at a rapid pace, which has had a meaningful adverse impact on our revenues and financial results in the second quarter 2020. Although demand improved through the quarter in most of our core markets, it remains significantly below the prior year. ​ There continues to be many uncertainties regarding the impact of the COVID-19 pandemic, including the scope of scientific and health issues, the anticipated duration of the pandemic, and the extent of local, regional and worldwide economic, social, and political disruption. Given such uncertainties, it is difficult to estimate the magnitude COVID-19 may impact our future business, but we expect any adverse impact to continue for some time. The following is a summary of our recent and anticipated actions in response to COVID-19. ​ Balance Sheet and Liquidity ​ We believe our existing cash balances and amounts available under our credit facility will allow us to manage the anticipated impact of COVID-19 on our business operations for the foreseeable future. On June 30, 2020, we had $1.3 billion in cash and cash equivalents, in addition to $1.2 billion availability under our 2018 Revolving Credit Facility. In April 2020, we elected to temporarily suspend share repurchases under our existing share repurchase program in order to enhance our liquidity position in response to COVID-19. ​ Capital Expenditures ​ We have significantly reduced planned discretionary capital expenditures for the current year. Among other reductions, we have deferred a portion of capital spending on a new MDI splitter in Geismar, Louisiana for six months leaving roughly $40 million of capital spend in 2020 with the remaining spend of approximately $120 million in 2021 and 2022. During 2020, we expect to spend between approximately $225 million and $235 million on capital expenditures for continuing operations. ​ Expense Management ​ In response to the reduction in revenue, we have implemented, and expect to continue to implement, cost saving initiatives, including: ​ ● suspended merit and general wage increases that customarily occur at the end of the first quarter; ● implemented a temporary hiring freeze for all non-business critical positions; ● accelerated integration efforts related to the integration of Icynene-Lapolla and CVC Thermoset Specialties in order to more expeditiously capture related synergies; ● implemented a restructuring program in our Polyurethanes segment, primarily related to workforce reductions, to reorganize our spray polyurethane foam business to better position this business for efficiencies and growth in coming years; ● approved an additional preliminary restructuring program in our Polyurethanes segment to optimize our downstream footprint; ● implemented a restructuring program in our Performance Products segment, primarily related to workforce reductions, in response to the sale of our Chemical Intermediates Businesses to Indorama; ● implemented restructuring programs in our Advanced Materials segment, primarily related to workforce reductions in connection with the CVC Thermoset Specialties Acquisition; and ● implemented restructuring programs in our Textile Effects segment to rationalize and realign structurally across various functions and certain locations within the segment. For more information regarding our 2020 restructuring activities, see “Note 7. Restructuring, Impairment and Plant Closing Costs.” ​ Health and Safety ​ ​ Asset Carrying Value ​ As of June 30, 2020, we did not have any impairment with respect to our goodwill or long-lived assets. Because the full extent of the impact of the COVID-19 pandemic and efforts to slow its spread are unknown at this time, we will continue to monitor and timely identify any triggering events that may require additional impairment testing. ​ Use of Estimates ​ The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. ​

RECENTLY ISSUED ACCOUNTING PRON

RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS	6 Months Ended
	Jun. 30, 2020
RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS
RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS	2. RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS ​ Accounting Pronouncements Adopted During 2020 ​ In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments ​ In August 2018, the FASB issued ASU No. 2018-15, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract ​ In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting ​ Accounting Pronouncements Pending Adoption in Future Periods ​ In August 2018, the FASB issued ASU No. 2018-14, Compensation—Retirement Benefits—Defined Benefit Plans—General (Topic 715-20): Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans ​

BUSINESS COMBINATIONS AND ACQUI

BUSINESS COMBINATIONS AND ACQUISITIONS	6 Months Ended
	Jun. 30, 2020
BUSINESS COMBINATIONS AND ACQUISITIONS
BUSINESS COMBINATIONS AND ACQUISITIONS	3. BUSINESS COMBINATIONS AND ACQUISITIONS ​ Acquisition of CVC Thermoset Specialties ​ As discussed in “Note 1. General — — ​ We have accounted for the CVC Thermoset Specialties Acquisition using the acquisition method. As such, we analyzed the fair value of tangible and intangible assets acquired and liabilities assumed. The preliminary allocation of acquisition cost to the assets acquired and liabilities assumed is summarized as follows (dollars in millions): ​ ​ ​ ​ ​ Fair value of assets acquired and liabilities assumed: ​ ​ ​ Cash paid for the CVC Thermoset Specialties Acquisition ​ $ 306 ​ ​ ​ ​ Accounts receivable ​ $ 12 Inventories ​ ​ 39 Property, plant and equipment, net ​ ​ 88 Intangible assets ​ ​ 60 Goodwill ​ ​ 119 Accounts payable ​ ​ (7) Deferred income taxes ​ ​ (5) Total fair value of net assets acquired ​ $ 306 ​ The acquisition cost allocation is preliminary pending final determination of the fair value of assets acquired and liabilities assumed, including final valuation of property, plant and equipment, intangible assets, leases and deferred taxes. Intangible assets acquired included in this preliminary allocation consist primarily of trademarks, trade secrets and customer relationships. The applicable amortization periods are still being assessed. For purposes of this preliminary allocation of fair value, we have assigned any excess of the acquisition cost over the estimated preliminary fair value to goodwill. The estimated goodwill recognized is attributable primarily to projected future profitable growth in our Advanced Materials specialty portfolio and synergies. We expect that none of the estimated goodwill arising from the acquisition will be deductible for income tax purposes. It is possible that material changes to this preliminary allocation of acquisition cost could occur. ​ The acquired business had revenues and net loss of $7 million and $1 million, respectively, for the period from the date of acquisition to June 30, 2020. ​ If this acquisition were to have occurred on January 1, 2019, the following estimated pro forma revenues, net income, net income attributable to Huntsman Corporation and Huntsman International would have been reported (dollars in millions): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ​ Six months ​ ended ​ ended ​ June 30, ​ June 30, ​ 2020 ​ 2019 ​ 2020 ​ 2019 Revenues $ 1,255 ​ $ 1,812 ​ $ 2,872 ​ $ 3,514 Net (loss) income ​ (60) ​ ​ 125 ​ ​ 650 ​ ​ 267 Net (loss) income attributable to Huntsman Corporation ​ (63) ​ ​ 117 ​ ​ 644 ​ ​ 247 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ​ Six months ​ ended ​ ended ​ June 30, ​ June 30, ​ 2020 ​ 2019 ​ 2020 ​ 2019 Revenues $ 1,255 ​ $ 1,812 ​ $ 2,872 ​ $ 3,514 Net (loss) income ​ (60) ​ ​ 122 ​ ​ 649 ​ ​ 261 Net (loss) income attributable to Huntsman International ​ (63) ​ ​ 114 ​ ​ 643 ​ ​ 241 ​ Acquisition of Icynene-Lapolla ​ On February 20, 2020, we completed our acquisition of Icynene-Lapolla, a leading North American manufacturer and distributor of spray polyurethane foam insulation systems for residential and commercial applications (“Icynene-Lapolla Acquisition”). We acquired the business from an affiliate of FFL Partners, LLC, for $353 million, subject to customary closing adjustments, in an all-cash transaction funded from available liquidity. The acquired business is being integrated into our Polyurethanes segment. Transaction costs charged to expense related to this acquisition were approximately $4 million and $14 million for the three and six months ended June 30, 2020, respectively, and were recorded in other operating expenses, net in our condensed consolidated statements of operations. ​ ​ ​ ​ ​ ​ Fair value of assets acquired and liabilities assumed: ​ ​ ​ Cash paid for the Icynene-Lapolla Acquisition in Q1 2020 ​ $ 353 ​ ​ ​ ​ Cash ​ $ 7 Accounts receivable ​ ​ 37 Inventories ​ ​ 36 Prepaid expenses and other current assets ​ ​ 1 Property, plant and equipment, net ​ ​ 7 Intangible assets ​ ​ 165 Goodwill ​ ​ 134 Other noncurrent assets ​ ​ 3 Accounts payable ​ ​ (13) Accrued liabilities ​ ​ (10) Deferred income taxes ​ ​ (14) Total fair value of net assets acquired ​ $ 353 ​ The acquisition cost allocation is preliminary pending final determination of the fair value of assets acquired and liabilities assumed, including final valuation of property, plant and equipment, intangible assets, leases and deferred taxes. Intangible assets acquired included in this preliminary allocation consist primarily of trademarks, trade secrets and customer relationships. The applicable amortization periods are still being assessed. For purposes of this preliminary allocation of fair value, we have assigned any excess of the acquisition cost over the estimated preliminary fair value to goodwill. The estimated goodwill recognized is attributable primarily to projected future profitable growth, penetration into downstream markets and synergies. We expect that none of the estimated goodwill arising from the acquisition will be deductible for income tax purposes. It is possible that material changes to this preliminary allocation of acquisition cost could occur. ​ The acquired business had revenues and net loss of $78 million and $5 million, respectively, for the period from the date of acquisition to June 30, 2020. ​ If this acquisition were to have occurred on January 1, 2019, the following estimated pro forma revenues, net income, net income attributable to Huntsman Corporation and Huntsman International would have been reported (dollars in millions): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ​ Six months ​ ended ​ ended ​ June 30, ​ June 30, ​ 2019 2020 ​ 2019 Revenues $ 1,841 ​ $ 2,870 ​ $ 3,566 Net income ​ 116 ​ ​ 645 ​ ​ 245 Net income attributable to Huntsman Corporation ​ 108 ​ ​ 639 ​ ​ 225 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ​ Six months ​ ended ​ ended ​ June 30, ​ June 30, ​ 2019 2020 ​ 2019 Revenues $ 1,841 ​ $ 2,870 ​ $ 3,566 Net income ​ 113 ​ ​ 644 ​ ​ 239 Net income attributable to Huntsman International ​ 105 ​ ​ 638 ​ ​ 219 ​

DISCONTINUED OPERATIONS AND BUS

DISCONTINUED OPERATIONS AND BUSINESS DISPOSITIONS	6 Months Ended
	Jun. 30, 2020
DISCONTINUED OPERATIONS AND BUSINESS DISPOSITIONS
DISCONTINUED OPERATIONS AND BUSINESS DISPOSITIONS	4. DISCONTINUED OPERATIONS AND BUSINESS DISPOSITIONS ​ Sale of Chemical Intermediates Businesses ​ On January 3, 2020, we completed the sale of our Chemical Intermediates Businesses to Indorama Ventures Holdings L.P. (“Indorama”) in a transaction valued at approximately $2 billion, comprising a cash purchase price of approximately $1.92 billion and the transfer of approximately $72 million in net underfunded pension and other post-employment benefit liabilities. ​ In connection with this sale, we recognized a net after-tax gain of $748 million in the first six months of 2020. During the first quarter of 2020, we received proceeds from the sale of $1.915 billion and received an additional $8 million in July 2020 related to this sale. With respect to the gain on this sale, during the first six months of 2020, we paid $10 million of income taxes, and we expect to pay additional income taxes of approximately $365 million during the second half of 2020. Certain amounts for prior periods have similarly been retrospectively reflected for all periods presented. In connection with this sale, we entered into long-term supply agreements with Indorama for certain raw materials at market prices supplied by the Chemical Intermediates Businesses ​ The following table reconciles the carrying amounts of major classes of assets and liabilities of discontinued operations to total assets and liabilities of discontinued operations that are classified as held for sale in our condensed consolidated balance sheets (dollars in millions): ​ ​ ​ ​ ​ December 31, ​ 2019 Carrying amounts of major classes of assets held for sale: ​ ​ Accounts receivable $ 145 Inventories ​ 105 Total current assets ​ ​ Property, plant and equipment, net ​ 720 Operating lease right-of-use assets ​ 69 Deferred income taxes ​ 4 Other noncurrent assets ​ 165 Total assets held for sale(1) $ 1,208 Carrying amounts of major classes of liabilities held for sale: ​ ​ Accounts payable $ 152 Accrued liabilities ​ 26 Current operating lease liabilities ​ 20 Total current liabilities ​ ​ Deferred income taxes ​ 135 Noncurrent operating lease liabilities ​ 51 Other noncurrent liabilities ​ 128 Total noncurrent liabilities ​ ​ Total liabilities held for sale(1) $ 512 (1) The assets and liabilities held for sale are classified as current as of December 31, 2019 because the sale of our Chemical Intermediates Businesses was completed on January 3, 2020. ​ The following table reconciles major line items constituting pretax income of discontinued operations to after-tax income of discontinued operations as presented in our condensed consolidated statements of operations (dollars in millions): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ​ Six months ​ ended ​ ended ​ June 30, ​ June 30, ​ 2020 ​ 2019 ​ 2020 ​ 2019 Major line items constituting pretax income of discontinued operations: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Trade sales, services and fees, net $ 1 ​ $ 432 ​ $ 7 ​ $ 835 Cost of goods sold ​ 2 ​ ​ 372 ​ ​ 11 ​ ​ 736 (Loss) gain on sale of the Chemical Intermediates Businesses ​ (12) ​ ​ — ​ ​ 978 ​ ​ — Insurance proceeds ​ 20 ​ ​ — ​ ​ 48 ​ ​ — Other expense items, net ​ 1 ​ ​ 11 ​ ​ 1 ​ ​ 22 Income from discontinued operations before income taxes ​ 6 ​ ​ 49 ​ ​ 1,021 ​ ​ 77 Income tax expense ​ (1) ​ ​ (14) ​ ​ (239) ​ ​ (19) Net income attributable to discontinued operations $ 5 ​ $ 35 ​ $ 782 ​ $ 58 (1) Discontinued operations include our Chemical Intermediates Businesses, our Australian styrenics operations and our North American polymers and base chemicals operations for all periods presented. ​ (2) Includes eliminations of trade sales, services and fees, net and cost of sales between continuing operations and discontinued operations. ​ Separation and Deconsolidation of Venator ​ In August 2017, we separated our Titanium Dioxide and Performance Additives business (the “P&A Business”) and conducted an initial public offering of ordinary shares of Venator Materials PLC (“Venator”), formerly a wholly-owned subsidiary of Huntsman. Following a series of public offerings and sales of Venator ordinary shares, beginning in December 2018, our ownership in Venator decreased to approximately 49%, and we began accounting for our remaining interest in Venator as an equity method investment using the fair value option. For the three months ended June 30, 2020 and 2019, we recorded gains (losses) of $4 million and $(18) million, respectively, and for the six months ended June 30, 2020 and 2019, we recorded (losses) gains of $(106) million and $58 million, respectively, to record our investment in Venator at fair value. These gains and losses were recorded in “Fair value adjustments to Venator investment” on our condensed consolidated statements of operations. ​ Summarized financial information of Venator for the three and six months ended June 30, 2020 and 2019 is as follows (in millions): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ​ Six months ​ ended ​ ended ​ June 30, ​ June 30, ​ 2020 ​ 2019 ​ 2020 ​ 2019 Revenues $ 456 ​ $ 578 ​ $ 988 ​ $ 1,140 Gross profit ​ 45 ​ ​ 67 ​ ​ 106 ​ ​ 143 (Loss) income from continuing operations ​ (16) ​ ​ 22 ​ ​ (9) ​ ​ 20 Net (loss) income ​ (16) ​ ​ 22 ​ ​ (9) ​ ​ 20 Net (loss) income attributable to Venator ​ (19) ​ ​ 21 ​ ​ (12) ​ ​ 18 ​

INVENTORIES

INVENTORIES	6 Months Ended
	Jun. 30, 2020
INVENTORIES
INVENTORIES	5. INVENTORIES ​ Inventories are stated at the lower of cost or market, with cost determined using LIFO, first-in first-out and average cost methods for different components of inventory. Inventories consisted of the following (dollars in millions): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2020 2019 Raw materials and supplies ​ $ 186 ​ $ 175 Work in progress ​ ​ 46 ​ ​ 49 Finished goods ​ ​ 678 ​ ​ 718 Total ​ ​ 910 ​ ​ 942 LIFO reserves ​ ​ (25) ​ ​ (28) Net inventories ​ $ 885 ​ $ 914 ​ As of June 30, 2020 and December 31, 2019, approximately 7% and 9%, respectively, of inventories were recorded using the LIFO cost method, respectively.

VARIABLE INTEREST ENTITIES

VARIABLE INTEREST ENTITIES	6 Months Ended
	Jun. 30, 2020
VARIABLE INTEREST ENTITIES
VARIABLE INTEREST ENTITIES	6. 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. ​ ● Arabian Amines Company is our 50% -owned joint venture with Zamil group that manufactures products for our Performance Products segment. ​ During the six months ended 2020, there were no changes in our variable interest entities. ​ Sasol-Huntsman was our 50%-owned joint venture with Sasol that owned and operated a maleic anhydride facility in Moers, Germany. On September 30, 2019, we acquired the 50% noncontrolling interest that we did not own in Sasol-Huntsman. As such, as of September 30, 2019, Sasol-Huntsman was no longer accounted for as a variable interest entity. ​ Creditors of these entities have no recourse to our general credit. See “Note 8. Debt—Direct and Subsidiary Debt.” As the primary beneficiary of these variable interest June 30, 2020, the joint ventures’ assets, liabilities and results of operations are included in our condensed consolidated financial statements. ​ The following table summarizes the carrying amount of our variable interest entities’ assets and liabilities included in our condensed consolidated balance sheet as of June 30, 2020 and our consolidated balance sheet as of December 31, 2019 (dollars in millions): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2020 2019 Current assets ​ $ 41 ​ $ 50 Property, plant and equipment, net ​ ​ 173 ​ ​ 180 Operating lease right-of-use assets ​ ​ 17 ​ ​ 16 Other noncurrent assets ​ ​ 138 ​ ​ 132 Deferred income taxes ​ ​ 30 ​ ​ 30 Total assets ​ $ 399 ​ $ 408 Current liabilities ​ $ 143 ​ $ 151 Long-term debt ​ ​ 6 ​ ​ 29 Noncurrent operating lease liabilities ​ ​ 13 ​ ​ 11 Other noncurrent liabilities ​ ​ 83 ​ ​ 87 Total liabilities ​ $ 245 ​ $ 278 ​ The revenues, income from continuing operations before income taxes and net cash provided by operating activities for our variable interest entities for the three and six months ended June 30, 2020 and 2019 are as follows (dollars in millions): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ​ Six months ​ ​ ended ​ ended ​ ​ June 30, ​ June 30, ​ ​ 2020(1) 2019 ​ 2020(1) 2019 Revenues ​ $ — ​ $ 31 ​ $ — ​ $ 67 Income from continuing operations before income taxes ​ ​ — ​ ​ 4 ​ ​ 1 ​ ​ 13 Net cash provided by operating activities ​ ​ 8 ​ ​ 29 ​ ​ 14 ​ ​ 60 (1) As of September 30, 2019, Sasol-Huntsman was no longer accounted for as a variable interest entity. Therefore, this financial data excludes information for Sasol-Huntsman.

RESTRUCTURING, IMPAIRMENT AND P

RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS	6 Months Ended
	Jun. 30, 2020
RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS
RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS	7. RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS ​ 2020 Restructuring Activities ​ During the second quarter of 2020, our Polyurethanes segment implemented a restructuring program to reorganize its spray polyurethane foam business to better position this business for efficiencies and growth in coming years. In connection with this restructuring program, we recorded restructuring expense of approximately $2 million in the second quarter of 2020 related primarily to workforce reductions. ​ During the second quarter of 2020, our Performance Products segment implemented a restructuring program, primarily related to workforce reductions, in response to the sale of our Chemical Intermediates Businesses to Indorama. In connection with this restructuring program, we recorded restructuring expense of approximately $4 million in the second quarter of 2020. ​ During the second quarter of 2020, our Advanced Materials segment implemented restructuring programs, primarily related to workforce reductions in connection with the CVC Thermoset Specialties Acquisition. In connection with these restructuring programs, we recorded restructuring expense of approximately $4 million in the second quarter of 2020. ​ During the first six months of 2020, our Textile Effects segment implemented restructuring programs to rationalize and realign structurally across various functions and certain locations within the segment. In connection with these restructuring programs, we recorded restructuring expense of approximately $10 million in the first six months of 2020 related primarily to workforce reductions. ​

DEBT

DEBT	6 Months Ended
	Jun. 30, 2020
DEBT
DEBT	8. DEBT ​ Outstanding debt, net of debt issuance costs, consisted of the following (dollars in millions): ​ Huntsman Corporation ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2020 ​ 2019 Senior Credit Facilities: ​ ​ ​ ​ ​ Revolving facility ​ $ — ​ $ 40 Amounts outstanding under A/R programs ​ ​ 34 ​ ​ 167 Term loan ​ ​ 103 ​ ​ 103 Senior notes ​ ​ 1,969 ​ ​ 1,963 Variable interest entities ​ ​ 53 ​ ​ 65 Other ​ ​ 18 ​ ​ 51 Total debt ​ $ 2,177 ​ $ 2,389 Total current portion of debt ​ $ 650 ​ $ 212 Long-term portion of debt ​ ​ 1,527 ​ ​ 2,177 Total debt ​ $ 2,177 ​ $ 2,389 ​ Huntsman International ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2020 ​ 2019 Senior Credit Facilities: ​ ​ ​ ​ ​ ​ Revolving facility ​ $ — ​ $ 40 Amounts outstanding under A/R programs ​ ​ 34 ​ ​ 167 Term loan ​ ​ 103 ​ ​ 103 Senior notes ​ ​ 1,969 ​ ​ 1,963 Variable interest entities ​ ​ 53 ​ ​ 65 Other ​ ​ 18 ​ ​ 51 Total debt, excluding debt to affiliates ​ $ 2,177 ​ $ 2,389 Total current portion of debt ​ $ 650 ​ $ 212 Long-term portion of debt ​ ​ 1,527 ​ ​ 2,177 Total debt, excluding debt to affiliates ​ ​ 2,177 ​ ​ 2,389 Notes payable to affiliates-current ​ ​ — ​ ​ 100 Notes payable to affiliates-noncurrent ​ ​ — ​ ​ 280 Total debt ​ $ 2,177 ​ $ 2,769 ​ 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 have third-party debt agreements that 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 to the face amount of that debt liability. For June 30, 2020 and December 31, 2019, the amount of debt issuance costs directly reducing the debt liability was $10 million and $11 million, respectively. We record the amortization of debt issuance costs as interest expense. ​ Revolving Credit Facility ​ As of June 30, 2020, our $1.2 billion senior unsecured revolving credit facility (“2018 Revolving Credit Facility”) was as follows (dollars in millions): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unamortized ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Discounts and ​ ​ ​ ​ ​ ​ ​ ​ Committed ​ Principal ​ Debt Issuance ​ Carrying ​ ​ ​ ​ Facility ​ Amount Outstanding Costs Value Interest Rate(2) Maturity 2018 Revolving Credit Facility ​ $ 1,200 ​ $ — (1) $ — (1) $ — (1) USD LIBOR plus 1.50% ​ 2023 (1) On June 30, 2020, we had an additional $6 million (U.S. dollar equivalents) of letters of credit and bank guarantees issued and outstanding under our 2018 Revolving Credit Facility. ​ (2) Interest rates on borrowings under the 2018 Revolving Credit Facility vary based on the type of loan and Huntsman International’s debt ratings. The then applicable interest rate as of June 30, 2020 was 1.50% above LIBOR. ​ Term Loan Credit Facility ​ On September 24, 2019, Huntsman International entered into a 364-day ​ A/R Programs ​ Our U.S. accounts receivable securitization program (“U.S. A/R Program”) and our European accounts receivable securitization program (“EU A/R Program” and collectively with the U.S. A/R Program, “A/R Programs”) are structured so that we transfer certain of our trade receivables to the U.S. special purpose entity (“U.S. SPE”) and the European special purpose entity (“EU SPE”) in transactions intended to be true sales or true contributions. The receivables collateralize debt incurred by the U.S. SPE and the EU SPE. ​ In December 2019, we entered into amendments to our EU A/R program (the “European Amendment”) and our U.S. A/R Program (the “U.S. Amendment”). The European Amendment allowed the removal of pledged obligors related to the Chemical Intermediates Businesses sold to Indorama. The U.S. Amendment allowed the removal of pledged obligors related to the Chemical Intermediates Businesses sold to Indorama as well as reduced the maximum funding capacity from $250 million to $150 million upon completion of the sale on January 3, 2020. ​ Information regarding our A/R Programs as of June 30, 2020 was as follows (monetary amounts in millions): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Maximum Funding Amount ​ Facility Maturity Availability(1) Outstanding Interest Rate(2) U.S. A/R Program April 2022 ​ $ 150 ​ $ — (3) Applicable rate plus 0.90% EU A/R Program April 2022 ​ € 100 ​ € 30 Applicable rate plus 1.30% ​ ​ ​ ​ ​ (or approximately $112) ​ ​ (or approximately $34) ​ ​ (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) The applicable rate for our U.S. A/R Program is defined by the lender as USD LIBOR. The applicable rate for our EU A/R Program is either GBP LIBOR, USD LIBOR or EURIBOR. ​ (3) As of June 30, 2020, we had approximately $5 million (U.S. dollar equivalents) of letters of credit issued and outstanding under our U.S. A/R Program. ​ As of June 30, 2020 and December 31, 2019, $190 million and $221 million, respectively, of accounts receivable were pledged as collateral under our A/R Programs. ​ Notes ​ On March 13, 2019, Huntsman International completed a $750 million offering of its 4.50% senior notes due 2029 (“2029 Senior Notes”). On March 27, 2019, Huntsman International applied the net proceeds of the offering of the 2029 Senior Notes to redeem in full $650 million in aggregate principal amount of its 4.875% senior notes due 2020 (“2020 Senior Notes”) and also paid associated costs and accrued interest of $21 million and $12 million, respectively. In addition, we recognized a loss on early extinguishment of debt of $23 million in the first quarter of 2019. The 2029 Senior Notes bear interest at 4.50% per year, payable semi-annually on May 1 and November 1, and will mature on May 1, 2029. Huntsman International may redeem the 2029 Senior Notes in whole or in part at any time prior to February 1, 2029 at a price equal to 100% of the principal amount thereof plus a “make-whole” premium and accrued and unpaid interest. Huntsman International may redeem the 2029 Senior Notes at any time, in whole or from time to time in part, on or after February 1, 2029 at a redemption price equal to 100% of the principal amount of the notes to be redeemed, plus accrued and unpaid interest. Note Payable from Huntsman International to Huntsman Corporation ​ During the first quarter of 2020, our loan of $380 million to our subsidiary Huntsman International was repaid to us in full. ​ Compliance with Covenants ​ We believe that we are in compliance with the covenants contained in the agreements governing our material debt instruments, including our 2018 Revolving Credit Facility, our 2019 Term Loan, our A/R Programs and our notes.

DERIVATIVE INSTRUMENTS AND HEDG

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	6 Months Ended
	Jun. 30, 2020
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	9. 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. ​ Our revenues and expenses are denominated in various foreign currencies, and our cash flows and earnings are thus subject to fluctuations due to exchange rate variations. From time to time, we may 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 one year or less). We do not hedge our foreign currency exposures in a manner that would eliminate the effect of changes in exchange rates on our cash flows and earnings. As of June 30, 2020, we had approximately $165 million in notional amount (in U.S. dollar equivalents) outstanding in forward foreign currency contracts. ​ 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 exposures. 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. On January 9, 2019, we entered into a six-year $17 million notional value interest rate hedge with a fixed rate of 2.66%. This swap was designated as a cash flow hedge and the effective portion of the changes in the fair value of the swap was recorded in other comprehensive income. In November 2019, we terminated this swap and paid $1 million to our counterparties. ​ We review our non-U.S. dollar denominated debt and derivative instruments to determine the appropriate amounts designated as hedges. As of June 30, 2020, we have designated approximately €445 million (approximately $499 million) of euro-denominated debt as a hedge of our net investment. For the six months ended June 30, 2020 and June 30, 2019, the amount recognized on the hedge of our net investment was a gain of $2 million and $3 million, respectively, and was recorded in other comprehensive income in our condensed consolidated statements of comprehensive income. ​ In connection with the December 3, 2018 sale of Venator ordinary shares to Bank of America N.A., we recorded a forward swap. In February 2019, we settled this forward swap and received $16 million from the counterparty.

FAIR VALUE

FAIR VALUE	6 Months Ended
	Jun. 30, 2020
FAIR VALUE
FAIR VALUE	10. FAIR VALUE ​ The fair values of financial instruments were as follows (dollars in millions): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ December 31, 2019 ​ Carrying ​ Estimated ​ Carrying ​ Estimated ​ Value Fair Value Value Fair Value Non-qualified employee benefit plan investments $ 22 ​ $ 22 ​ $ 28 ​ $ 28 Long-term debt (including current portion) ​ (2,177) ​ ​ (2,288) ​ ​ (2,389) ​ ​ (2,544) ​ The carrying amounts reported in our condensed consolidated 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. We elected the fair value option to account for our equity method investment in Venator post deconsolidation. The fair value of our remaining investment in Venator reported in investment in unconsolidated affiliates is obtained through market observable pricing using prevailing market prices (Level 1). See “Note 4. Discontinued Operations and Business Dispositions—Separation and Deconsolidation of Venator.” The fair values of our non-qualified employee benefit plan investments are obtained through market observable pricing using prevailing market prices (Level 1). The estimated fair values of our long-term debt are based on quoted market prices for the identical liability when traded in an active market (Level 1). ​ The fair value estimates presented herein are based on pertinent information available to management as of June 30, 2020 and December 31, 2019. 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 June 30, 2020, and current estimates of fair value may differ significantly from the amounts presented herein. During the six months ended June 30, 2020, there were no instruments measured at fair value on a recurring basis using significant unobservable inputs (Level 3), and there were no gains or losses (realized and unrealized) included in earnings for instruments categorized as Level 3 within the fair value hierarchy.

REVENUE RECOGNITION

REVENUE RECOGNITION	6 Months Ended
	Jun. 30, 2020
REVENUE RECOGNITION
REVENUE RECOGNITION	11. REVENUE RECOGNITION ​ We generate substantially all of our revenues through sales in the open market and long-term supply agreements. We recognize revenue when control of the promised goods is transferred to our customers. Control of goods usually passes to the customer at the time shipment is made. Revenue is measured as the amount that reflects the consideration that we expect to be entitled to in exchange for those goods. Sales, value add and other taxes we collect concurrent with revenue-producing activities are excluded from revenue. Incidental items that are immaterial in the context of the contract are recognized as expense. We have elected to account for all shipping and handling activities as fulfillment costs. We have also elected to expense commissions when incurred as the amortization period of the commission asset that we would have otherwise recognized is less than one year. The following tables disaggregate our revenue from continuing operations by major source for the three months ended June 30, 2020 and 2019 (dollars in millions): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2020 Polyurethanes ​ Performance Products ​ Advanced Materials ​ Textile Effects ​ Corporate and Eliminations ​ Total Primary Geographic Markets(1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. and Canada $ 295 ​ $ 100 ​ $ 52 ​ $ 7 ​ $ (4) ​ $ 450 Europe ​ 183 ​ ​ 53 ​ ​ 72 ​ ​ 19 ​ ​ — ​ ​ 327 Asia Pacific ​ 210 ​ ​ 61 ​ ​ 51 ​ ​ 62 ​ ​ — ​ ​ 384 Rest of world ​ 42 ​ ​ 14 ​ ​ 17 ​ ​ 14 ​ ​ (1) ​ ​ 86 ​ $ 730 ​ $ 228 ​ $ 192 ​ $ 102 ​ $ (5) ​ $ 1,247 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Major Product Groupings ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ MDI urethanes $ 730 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 730 Differentiated ​ ​ ​ $ 228 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 228 Specialty ​ ​ ​ ​ ​ ​ $ 172 ​ ​ ​ ​ ​ ​ ​ ​ 172 Non-specialty ​ ​ ​ ​ ​ ​ ​ 20 ​ ​ ​ ​ ​ ​ ​ ​ 20 Textile chemicals, dyes and digital inks ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 102 ​ ​ ​ ​ ​ 102 Eliminations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ (5) ​ ​ (5) ​ $ 730 ​ $ 228 ​ $ 192 ​ $ 102 ​ $ (5) ​ $ 1,247 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2019 Polyurethanes ​ Performance Products ​ Advanced Materials ​ Textile Effects ​ Corporate and Eliminations ​ Total Primary Geographic Markets(1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. and Canada $ 396 ​ $ 137 ​ $ 77 ​ $ 16 ​ $ (6) ​ $ 620 Europe ​ 260 ​ ​ 82 ​ ​ 108 ​ ​ 36 ​ ​ (8) ​ ​ 478 Asia Pacific ​ 279 ​ ​ 63 ​ ​ 71 ​ ​ 127 ​ ​ (1) ​ ​ 539 Rest of world ​ 79 ​ ​ 17 ​ ​ 19 ​ ​ 36 ​ ​ (4) ​ ​ 147 ​ $ 1,014 ​ $ 299 ​ $ 275 ​ $ 215 ​ $ (19) ​ $ 1,784 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Major Product Groupings ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ MDI urethanes $ 1,014 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 1,014 Differentiated ​ ​ ​ $ 299 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 299 Specialty ​ ​ ​ ​ ​ ​ $ 231 ​ ​ ​ ​ ​ ​ ​ ​ 231 Non-specialty ​ ​ ​ ​ ​ ​ ​ 44 ​ ​ ​ ​ ​ ​ ​ ​ 44 Textile chemicals, dyes and digital inks ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 215 ​ ​ ​ ​ ​ 215 Eliminations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ (19) ​ ​ (19) ​ $ 1,014 ​ $ 299 ​ $ 275 ​ $ 215 ​ $ (19) ​ $ 1,784 ​ The following tables disaggregate our revenue from continuing operations by major source for the six months ended June 30, 2020 and 2019 (dollars in millions): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2020 Polyurethanes ​ Performance Products ​ Advanced Materials ​ Textile Effects ​ Corporate and Eliminations ​ Total Primary Geographic Markets(1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. and Canada $ 665 ​ $ 229 ​ $ 115 ​ $ 24 ​ $ (11) ​ $ 1,022 Europe ​ 428 ​ ​ 127 ​ ​ 173 ​ ​ 51 ​ ​ (1) ​ ​ 778 Asia Pacific ​ 409 ​ ​ 131 ​ ​ 107 ​ ​ 165 ​ ​ — ​ ​ 812 Rest of world ​ 116 ​ ​ 33 ​ ​ 38 ​ ​ 42 ​ ​ (1) ​ ​ 228 ​ $ 1,618 ​ $ 520 ​ $ 433 ​ $ 282 ​ $ (13) ​ $ 2,840 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Major Product Groupings ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ MDI urethanes $ 1,618 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 1,618 Differentiated ​ ​ ​ $ 520 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 520 Specialty ​ ​ ​ ​ ​ ​ $ 383 ​ ​ ​ ​ ​ ​ ​ ​ 383 Non-specialty ​ ​ ​ ​ ​ ​ ​ 50 ​ ​ ​ ​ ​ ​ ​ ​ 50 Textile chemicals, dyes and digital inks ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 282 ​ ​ ​ ​ ​ 282 Eliminations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ (13) ​ ​ (13) ​ $ 1,618 ​ $ 520 ​ $ 433 ​ $ 282 ​ $ (13) ​ $ 2,840 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2019 Polyurethanes ​ Performance Products ​ Advanced Materials ​ Textile Effects ​ Corporate and Eliminations ​ Total Primary Geographic Markets(1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. and Canada $ 732 ​ $ 272 ​ $ 150 ​ $ 33 ​ $ (25) ​ $ 1,162 Europe ​ 530 ​ ​ 175 ​ ​ 229 ​ ​ 70 ​ ​ (6) ​ ​ 998 Asia Pacific ​ 516 ​ ​ 119 ​ ​ 132 ​ ​ 232 ​ ​ (1) ​ ​ 998 Rest of world ​ 160 ​ ​ 33 ​ ​ 36 ​ ​ 69 ​ ​ (3) ​ ​ 295 ​ $ 1,938 ​ $ 599 ​ $ 547 ​ $ 404 ​ $ (35) ​ $ 3,453 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Major Product Groupings ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ MDI urethanes $ 1,938 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 1,938 Differentiated ​ ​ ​ $ 599 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 599 Specialty ​ ​ ​ ​ ​ ​ $ 461 ​ ​ ​ ​ ​ ​ ​ ​ 461 Non-specialty ​ ​ ​ ​ ​ ​ ​ 86 ​ ​ ​ ​ ​ ​ ​ ​ 86 Textile chemicals, dyes and digital inks ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 404 ​ ​ ​ ​ ​ 404 Eliminations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ (35) ​ ​ (35) ​ $ 1,938 ​ $ 599 ​ $ 547 ​ $ 404 ​ $ (35) ​ $ 3,453 (1) Geographic information for revenues is based upon countries into which product is sold. ​ Substantially all of our revenue is generated through product sales in which revenue is recognized at a point in time. At contract inception, we assess the goods and services, if any, promised in our contracts and identify a performance obligation for each promise to transfer to the customer a good or service that is distinct. In substantially all cases, a contract has a single performance obligation to deliver a promised good to the customer. Revenue is recognized when control of the product is transferred to the customer (i.e., when our performance obligation is satisfied), which typically occurs at shipment. Further, in determining whether control has transferred, we consider if there is a present right to payment and legal title, along with risks and rewards of ownership having transferred to the customer. ​ The amount of consideration we receive and revenue we recognize is based upon the terms stated in the sales contract, which may contain variable consideration such as discounts or rebates. We allocate the transaction price to each distinct product based on their relative standalone selling price. The product price as specified on the purchase order or in the sales contract is considered the standalone selling price as it is an observable input that depicts the price as if sold to a similar customer in similar circumstances. In order to estimate the applicable variable consideration, we use historical and current trend information to estimate the amount of discounts or rebates to which customers are likely to be entitled. Historically, actual discount or rebate adjustments relative to those estimated and included when determining the transaction price have not materially differed. Payment terms vary but are generally less than one year. As our standard payment terms are less than one year, we have elected to not assess whether a contract has a significant financing component. In the normal course of business, we do not accept product returns unless the item is defective as manufactured. We establish provisions for estimated returns based on an analysis of historical experience.

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	6 Months Ended
	Jun. 30, 2020
EMPLOYEE BENEFIT PLANS
EMPLOYEE BENEFIT PLANS	12. EMPLOYEE BENEFIT PLANS ​ Components of the net periodic benefit costs from continuing operations for the three and six months ended June 30, 2020 and 2019 were as follows (dollars in millions): ​ Huntsman Corporation ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other Postretirement ​ ​ Defined Benefit Plans ​ Benefit Plans ​ ​ Three months ​ Three months ​ ​ ended ​ ended ​ ​ June 30, ​ June 30, ​ 2020 2019 2020 2019 Service cost ​ $ 12 ​ $ 12 ​ $ 1 ​ $ 1 Interest cost ​ ​ 16 ​ ​ 20 ​ ​ — ​ ​ — Expected return on assets ​ ​ (42) ​ ​ (39) ​ ​ — ​ ​ — Amortization of prior service benefit ​ ​ (1) ​ ​ (1) ​ ​ (1) ​ ​ (1) Amortization of actuarial loss ​ ​ 19 ​ ​ 17 ​ ​ — ​ ​ — Net periodic benefit cost ​ $ 4 ​ $ 9 ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other Postretirement ​ ​ Defined Benefit Plans ​ Benefit Plans ​ ​ Six months ​ Six months ​ ​ ended ​ ended ​ ​ June 30, ​ June 30, ​ 2020 2019 2020 2019 Service cost ​ $ 26 ​ $ 25 ​ $ 1 ​ $ 1 Interest cost ​ ​ 31 ​ ​ 40 ​ ​ 1 ​ ​ 1 Expected return on assets ​ ​ (85) ​ ​ (78) ​ ​ — ​ ​ — Amortization of prior service benefit ​ ​ (3) ​ ​ (3) ​ ​ (2) ​ ​ (2) Amortization of actuarial loss ​ ​ 39 ​ ​ 34 ​ ​ — ​ ​ — Net periodic benefit cost ​ $ 8 ​ $ 18 ​ $ — ​ $ — ​ Huntsman International ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other Postretirement ​ ​ Defined Benefit Plans ​ Benefit Plans ​ ​ Three months ​ Three months ​ ​ ended ​ ended ​ ​ June 30, ​ June 30, ​ 2020 2019 2020 2019 Service cost ​ $ 12 ​ $ 12 ​ $ 1 ​ $ 1 Interest cost ​ ​ 16 ​ ​ 20 ​ ​ — ​ ​ — Expected return on assets ​ ​ (42) ​ ​ (39) ​ ​ — ​ ​ — Amortization of prior service benefit ​ ​ (1) ​ ​ (1) ​ ​ (1) ​ ​ (1) Amortization of actuarial loss ​ ​ 20 ​ ​ 19 ​ ​ — ​ ​ — Net periodic benefit cost ​ $ 5 ​ $ 11 ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other Postretirement ​ ​ Defined Benefit Plans ​ Benefit Plans ​ ​ Six months ​ Six months ​ ​ ended ​ ended ​ ​ June 30, ​ June 30, ​ 2020 2019 2020 2019 Service cost ​ $ 26 ​ $ 25 ​ $ 1 ​ $ 1 Interest cost ​ ​ 31 ​ ​ 40 ​ ​ 1 ​ ​ 1 Expected return on assets ​ ​ (85) ​ ​ (78) ​ ​ — ​ ​ — Amortization of prior service benefit ​ ​ (3) ​ ​ (3) ​ ​ (2) ​ ​ (2) Amortization of actuarial loss ​ ​ 41 ​ ​ 36 ​ ​ — ​ ​ — Net periodic benefit cost ​ $ 10 ​ $ 20 ​ $ — ​ $ — ​ During the six months ended June 30, 2020 and 2019, we made contributions to our pension and other postretirement benefit plans of $46 million and $38 million, respectively. During the remainder of 2020, we expect to contribute an additional amount of approximately $41 million to these plans.

HUNTSMAN CORPORATION STOCKHOLDE

HUNTSMAN CORPORATION STOCKHOLDERS EQUITY	6 Months Ended
	Jun. 30, 2020
HUNTSMAN CORPORATION STOCKHOLDERS' EQUITY
HUNTSMAN CORPORATION STOCKHOLDERS' EQUITY	13. HUNTSMAN CORPORATION STOCKHOLDERS’ EQUITY ​ Share Repurchase Program ​ On February 7, 2018 and on May 3, 2018, our Board of Directors authorized us to repurchase up to an additional $950 million in shares of our common stock in addition to the $50 million remaining under our September 2015 share repurchase authorization. The share repurchase program will be supported by our free cash flow generation. Repurchases may be made through the open market, including through accelerated share repurchase programs, 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. During the first quarter of 2020, we repurchased 5,364,519 shares of our common stock for approximately $96 million, excluding commissions, under the repurchase program. Subsequent to the end of the first quarter of 2020, we elected to temporarily suspend share repurchases under our existing share repurchase program in order to enhance our liquidity position in response to COVID-19. ​ Dividends on Common Stock ​ During the quarters ended June 30, 2020 and June 30, 2019, we paid $36 million and $38 million, respectively, or $0.1625 per share each, to common stockholders. During the quarters ended March 31, 2020 and March 31, 2019, we paid dividends of $37 million and $39 million, respectively, or $0.1625 per share each, to common stockholders.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	6 Months Ended
	Jun. 30, 2020
ACCUMULATED OTHER COMPREHENSIVE LOSS
ACCUMULATED OTHER COMPREHENSIVE LOSS	14. ACCUMULATED OTHER COMPREHENSIVE LOSS ​ The components of other comprehensive income and changes in accumulated other comprehensive loss by component were as follows (dollars in millions): ​ Huntsman Corporation ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign Pension Other Other, net Total Amounts Amounts attributable to Huntsman Corporation Beginning balance, January 1, 2020 ​ $ (369) ​ $ (1,031) ​ $ 8 ​ $ 4 ​ $ (1,388) ​ $ 26 ​ $ (1,362) Other comprehensive (loss) income before reclassifications, gross ​ ​ (52) ​ ​ 8 ​ ​ — ​ ​ — ​ ​ (44) ​ ​ — ​ ​ (44) Tax expense ​ ​ (4) ​ ​ (2) ​ ​ — ​ ​ — ​ ​ (6) ​ ​ — ​ ​ (6) Amounts reclassified from accumulated other comprehensive loss, gross(c) ​ ​ — ​ ​ 75 ​ ​ — ​ ​ — ​ ​ 75 ​ ​ — ​ ​ 75 Tax expense ​ ​ — ​ ​ (17) ​ ​ — ​ ​ — ​ ​ (17) ​ ​ — ​ ​ (17) Net current-period other comprehensive (loss) income ​ ​ (56) ​ ​ 64 ​ ​ — ​ ​ — ​ ​ 8 ​ ​ — ​ ​ 8 Ending balance, June 30, 2020 ​ $ (425) ​ $ (967) ​ $ 8 ​ $ 4 ​ $ (1,380) ​ $ 26 ​ $ (1,354) (a) Amounts are net of tax of $72 and $68 as of June 30, 2020 and January 1, 2020, respectively. ​ (b) Amounts are net of tax of $129 and $148 as of June 30, 2020 and January 1, 2020, respectively. ​ (c) See table below for details about these reclassifications. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign Pension Other Other, net Total Amounts Amounts attributable to Huntsman Corporation Beginning balance, January 1, 2019 ​ $ (371) ​ $ (994) ​ $ 8 ​ $ 5 ​ $ (1,352) ​ $ 36 ​ $ (1,316) Other comprehensive income before reclassifications, gross ​ ​ 19 ​ ​ — ​ ​ — ​ ​ — ​ ​ 19 ​ ​ — ​ ​ 19 Tax benefit ​ ​ 1 ​ ​ — ​ ​ — ​ ​ — ​ ​ 1 ​ ​ — ​ ​ 1 Amounts reclassified from accumulated other comprehensive loss, gross(c) ​ ​ — ​ ​ 31 ​ ​ — ​ ​ — ​ ​ 31 ​ ​ — ​ ​ 31 Tax expense ​ ​ — ​ ​ (6) ​ ​ — ​ ​ — ​ ​ (6) ​ ​ — ​ ​ (6) Net current-period other comprehensive income ​ ​ 20 ​ ​ 25 ​ ​ — ​ ​ — ​ ​ 45 ​ ​ — ​ ​ 45 Ending balance, June 30, 2019 ​ $ (351) ​ $ (969) ​ $ 8 ​ $ 5 ​ $ (1,307) ​ $ 36 ​ $ (1,271) (a) Amounts are net of tax of $70 and $71 as of June 30, 2019 and January 1, 2019, respectively. ​ (b) Amounts are net of tax of $129 and $135 as of June 30, 2019 and January 1, 2019, respectively. ​ (c) See table below for details about these reclassifications. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended June 30, ​ ​ ​ ​ 2020 ​ 2019 ​ ​ ​ ​ Amounts reclassified ​ Amounts reclassified ​ Affected line item in ​ ​ from accumulated ​ from accumulated ​ the statement ​ ​ other ​ other ​ where net income Details about Accumulated Other ​ comprehensive loss comprehensive loss ​ is presented Comprehensive Loss Components(a): ​ ​ ​ ​ ​ ​ ​ Amortization of pension and other postretirement benefits: ​ ​ ​ ​ ​ ​ ​ ​ Prior service credit ​ $ (2) ​ $ (3) ​ (b) Actuarial loss ​ ​ 19 ​ ​ 19 ​ (b)(d) ​ ​ ​ 17 ​ ​ 16 ​ Total before tax ​ ​ ​ (3) ​ ​ (3) ​ Income tax expense Total reclassifications for the period ​ $ 14 ​ $ 13 ​ Net of tax ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six months ended June 30, ​ ​ ​ ​ 2020 ​ 2019 ​ ​ ​ ​ Amounts reclassified ​ Amounts reclassified ​ Affected line item in ​ ​ from accumulated ​ from accumulated ​ the statement Details about Accumulated Other ​ other ​ other ​ where net income Comprehensive Loss Components(a): ​ comprehensive loss comprehensive loss is presented Amortization of pension and other postretirement benefits: ​ ​ ​ ​ ​ ​ ​ ​ Prior service credit ​ $ (5) ​ $ (6) ​ (b) Settlement loss ​ ​ 41 ​ ​ — ​ (c) Actuarial loss ​ ​ 39 ​ ​ 37 ​ (b)(d) ​ ​ ​ 75 ​ ​ 31 ​ Total before tax ​ ​ ​ (17) ​ ​ (6) ​ Income tax expense Total reclassifications for the period ​ $ 58 ​ $ 25 ​ Net of tax (a) Pension and other postretirement benefits amounts in parentheses indicate credits on our condensed consolidated statements of operations. ​ (b) These accumulated other comprehensive loss components are included in the computation of net periodic pension costs. See “Note 12. Employee Benefit Plans.” ​ (c) In connection with the sale of our Chemical Intermediates Businesses, we recognized $41 of pension and other post-employment benefit settlement losses during the six months ended June 30, 2020. ​ (d) Amounts contain approximately $2 and nil of actuarial losses related to discontinued operations for the three months ended June 30, 2020 and 2019, respectively, and $3 and $1 of actuarial losses related to discontinued operations for the six months ended June 30, 2020 and 2019. ​ Huntsman International ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign Pension Other Other, net Total Amounts Amounts Beginning balance, January 1, 2020 ​ $ (374) ​ $ (1,012) ​ $ 8 ​ $ — ​ $ (1,378) ​ $ 26 ​ $ (1,352) Other comprehensive (loss) income before reclassifications, gross ​ ​ (53) ​ ​ 8 ​ ​ — ​ ​ — ​ ​ (45) ​ ​ — ​ ​ (45) Tax expense ​ ​ (4) ​ ​ (2) ​ ​ — ​ ​ — ​ ​ (6) ​ ​ — ​ ​ (6) Amounts reclassified from accumulated other comprehensive loss, gross(c) ​ ​ — ​ ​ 77 ​ ​ — ​ ​ — ​ ​ 77 ​ ​ — ​ ​ 77 Tax expense ​ ​ — ​ ​ (17) ​ ​ — ​ ​ — ​ ​ (17) ​ ​ — ​ ​ (17) Net current-period other comprehensive (loss) income ​ ​ (57) ​ ​ 66 ​ ​ — ​ ​ — ​ ​ 9 ​ ​ — ​ ​ 9 Ending balance, June 30, 2020 ​ $ (431) ​ $ (946) ​ $ 8 ​ $ — ​ $ (1,369) ​ $ 26 ​ $ (1,343) (a) Amounts are net of tax of $59 and $55 as of June 30, 2020 and January 1, 2020 respectively. ​ (b) Amounts are net of tax of $155 and $174 as of June, 2020 and January 1, 2020, respectively. ​ (c) See table below for details about these reclassifications. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign Pension Other Other, net Total Amounts Amounts Beginning balance, January 1, 2019 ​ $ (376) ​ $ (977) ​ $ 8 ​ $ 1 ​ $ (1,344) ​ $ 36 ​ $ (1,308) Other comprehensive income before reclassifications, gross ​ ​ 19 ​ ​ — ​ ​ — ​ ​ — ​ ​ 19 ​ ​ — ​ ​ 19 Tax benefit ​ ​ 1 ​ ​ — ​ ​ — ​ ​ — ​ ​ 1 ​ ​ — ​ ​ 1 Amounts reclassified from accumulated other comprehensive loss, gross(c) ​ ​ — ​ ​ 33 ​ ​ — ​ ​ — ​ ​ 33 ​ ​ — ​ ​ 33 Tax expense ​ ​ — ​ ​ (7) ​ ​ — ​ ​ — ​ ​ (7) ​ ​ — ​ ​ (7) Net current-period other comprehensive income ​ ​ 20 ​ ​ 26 ​ ​ — ​ ​ — ​ ​ 46 ​ ​ — ​ ​ 46 Ending balance, June 30, 2019 ​ $ (356) ​ $ (951) ​ $ 8 ​ $ 1 ​ $ (1,298) ​ $ 36 ​ $ (1,262) (a) Amounts are net of tax of $56 and $57 as of June 30, 2019 and January 1, 2019, respectively. ​ (b) Amounts are net of tax of $154 and $161 as of June 30, 2019 and January 1, 2019, respectively. ​ (c) See table below for details about these reclassifications. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended June 30, ​ ​ ​ ​ 2020 ​ 2019 ​ ​ ​ ​ Amounts reclassified ​ Amounts reclassified ​ Affected line item in ​ ​ from accumulated ​ from accumulated ​ the statement ​ ​ other ​ other ​ where net income Details about Accumulated Other ​ comprehensive loss comprehensive loss ​ is presented Comprehensive Loss Components(a): ​ ​ ​ ​ ​ ​ ​ Amortization of pension and other postretirement benefits: ​ ​ ​ ​ ​ ​ ​ ​ Prior service credit ​ $ (2) ​ $ (3) ​ (b) Actuarial loss ​ ​ 20 ​ ​ 20 ​ (b)(d) ​ ​ ​ 18 ​ ​ 17 ​ Total before tax ​ ​ ​ (3) ​ ​ (4) ​ Income tax expense Total reclassifications for the period ​ $ 15 ​ $ 13 ​ Net of tax ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six months ended June 30, ​ ​ ​ ​ 2020 ​ 2019 ​ ​ ​ ​ Amounts reclassified ​ Amounts reclassified ​ Affected line item in ​ ​ from accumulated ​ from accumulated ​ the statement Details about Accumulated Other ​ other ​ other ​ where net income Comprehensive Loss Components(a): ​ comprehensive loss comprehensive loss is presented Amortization of pension and other postretirement benefits: ​ ​ ​ ​ ​ ​ ​ ​ Prior service credit ​ $ (5) ​ $ (6) ​ (b) Settlement loss ​ ​ 41 ​ ​ — ​ (c) Actuarial loss ​ ​ 41 ​ ​ 39 ​ (b)(d) ​ ​ ​ 77 ​ ​ 33 ​ Total before tax ​ ​ ​ (17) ​ ​ (7) ​ Income tax expense Total reclassifications for the period ​ $ 60 ​ $ 26 ​ Net of tax (a) Pension and other postretirement benefits amounts in parentheses indicate credits on our condensed consolidated statements of operations. ​ (b) These accumulated other comprehensive loss components are included in the computation of net periodic pension costs. See “Note 12. Employee Benefit Plans.” ​ (c) In connection with the sale of our Chemical Intermediates Businesses, we recognized $41 of pension and other post-employment benefit settlement losses during the six months ended June 30, 2020. ​ (d) Amounts contain approximately $2 and nil of actuarial losses related to discontinued operations for the three months ended June 30, 2020 and 2019, respectively, and $3 and $1 of actuarial losses related to discontinued operations for the six months ended June 30, 2020 and 2019.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2020
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	15. COMMITMENTS AND CONTINGENCIES ​ Legal Matters ​ We are a party to various 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	6 Months Ended
	Jun. 30, 2020
ENVIRONMENTAL, HEALTH AND SAFETY MATTERS
ENVIRONMENTAL, HEALTH AND SAFETY MATTERS	16. ENVIRONMENTAL, HEALTH AND SAFETY MATTERS ​ EHS Capital Expenditures ​ We may incur future costs for capital improvements and general compliance under environmental, health and safety (“EHS”) laws, including costs to acquire, maintain and repair pollution control equipment. For the six months ended June 30, 2020 and 2019, our capital expenditures for EHS matters totaled $12 million and $15 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 $4 million for environmental liabilities for both June 30, 2020 and December 31, 2019. Of these amounts, $1 million was classified as accrued liabilities in our condensed consolidated balance sheets as of both June 30, 2020 and December 31, 2019, and $3 million was classified as other noncurrent liabilities in our condensed consolidated balance sheets as of both June 30, 2020 and December 31, 2019. 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 nine 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 condensed 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 Geismar, Louisiana facility is 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. ​ North Maybe Canyon 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. During the first six months of 2020, there have been no significant developments, and, at this time, we are unable to reasonably estimate our potential liabilities at this site. ​

STOCK-BASED COMPENSATION PLANS

STOCK-BASED COMPENSATION PLANS	6 Months Ended
	Jun. 30, 2020
STOCK-BASED COMPENSATION PLANS
STOCK-BASED COMPENSATION PLANS	17. STOCK-BASED COMPENSATION PLANS ​ As of June 30, 2020, we had approximately 7 million shares remaining under the stock-based compensation plans 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 annually over a three-year period. ​ The compensation cost from continuing operations under the stock-based compensation plans for our Company and Huntsman International were as follows (dollars in millions): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ​ Six months ​ ended ​ ended ​ June 30, ​ June 30, ​ 2020 ​ 2019 ​ 2020 ​ 2019 Huntsman Corporation compensation cost $ 7 ​ $ 7 ​ $ 14 ​ $ 15 Huntsman International compensation cost ​ 7 ​ ​ 7 ​ ​ 13 ​ ​ 14 ​ The total income tax benefit recognized in the condensed consolidated statements of operations for us and Huntsman International for stock-based compensation arrangements was $1 million and $2 million for the six months ended June 30, 2020 2019 ​ 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 average of the assumptions utilized for stock options granted during the periods. ​ ​ ​ ​ ​ ​ ​ ​ Six months ended June 30, ​ 2020 ​ 2019 Dividend yield 3.0 % ​ 2.9 % Expected volatility 53.1 % ​ 54.0 % Risk-free interest rate 1.5 % ​ 2.5 % Expected life of stock options granted during the period 5.9 years ​ 5.9 years ​ During each of the three months ended June 30, 2020 and 2019, no stock options were granted. ​ A summary of stock option activity under the stock-based compensation plans as of June 30, 2020 and changes during the six months 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, 2020 ​ 5,025 ​ $ 19.08 ​ ​ ​ ​ ​ ​ Granted ​ ​ 750 ​ ​ 21.54 ​ ​ ​ ​ ​ ​ Exercised ​ ​ (255) ​ ​ 11.29 ​ ​ ​ ​ ​ ​ Forfeited ​ ​ (25) ​ ​ 24.38 ​ ​ ​ ​ ​ ​ Outstanding at June 30, 2020 ​ ​ 5,495 ​ ​ 19.75 ​ ​ 6.2 ​ $ 10 Exercisable at June 30, 2020 ​ ​ 4,043 ​ ​ 18.54 ​ ​ 5.1 ​ ​ 10 ​ The weighted-average grant-date fair value of stock options granted during the six months ended June 30, 2020 was $8.27 per option. As of June 30, 2020, there was $10 million of total unrecognized compensation cost related to nonvested stock option arrangements granted under the stock-based compensation plans. That cost is expected to be recognized over a weighted-average period of approximately 2.0 years. ​ The total intrinsic value of stock options exercised during each of the six months ended June 30, 2020 and 2019 was approximately $2 million. Cash received from stock options exercised during each of the six months ended June 30, 2020 and 2019 was approximately $1 million. The cash tax benefit from stock options exercised during each of the six months ended June 30, 2020 and 2019 was approximately $1 million and nil ​ Nonvested Shares ​ Nonvested shares granted under the stock-based compensation plans 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 six months ended June 30, 2020 and 2019, the weighted-average expected volatility rate was 34.0% and 34.6%, respectively, and the weighted average risk-free interest rate was 1.4% and 2.5%, respectively. For the performance share unit awards granted in the six months ended June 30, 2020 and 2019, the number of shares earned varies based upon the Company achieving certain performance criteria over a three-year performance period. 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 three-year performance periods. ​ A summary of the status of our nonvested shares as of June 30, 2020 and changes during the six months 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, 2020 ​ ​ 1,640 ​ $ 24.61 ​ ​ 427 ​ $ 24.80 Granted ​ ​ 833 ​ ​ 21.93 ​ ​ 238 ​ ​ 21.53 Vested ​ ​ (569) (1)(2) ​ 25.17 ​ ​ (218) ​ ​ 24.64 Forfeited ​ ​ (4) ​ ​ 25.49 ​ ​ (10) ​ ​ 23.82 Nonvested at June 30, 2020 ​ ​ 1,900 ​ ​ 23.27 ​ ​ 437 ​ ​ 23.12 (1) As of June 30, 2020, a total of 426,856 restricted stock units were vested but not yet issued, of which 37,761 vested during the six months ended June 30, 2020. 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. ​ (2) A total of 174,200 performance share unit awards are reflected in the vested shares in this table, which represents the target number of performance share unit awards for this grant and were included in the balance at December 31, 2019. During the six months ended June 30, 2020, an additional 165,489 performance share unit awards with a grant date fair value of $26.99 vested above the target in accordance the performance criteria of these awards. As of June 30, 2020, there was $31 million of total unrecognized compensation cost related to nonvested share compensation arrangements granted under the stock-based compensation plans. That cost is expected to be recognized over a weighted-average period of approximately 2.1 years. The value of share awards that vested during each of the six months ended June 30, 2020 and 2019 was $24 million.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2020
INCOME TAXES
INCOME TAXES	18. 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 an individual 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. These conclusions require significant judgment. In evaluating the objective evidence that historical results provide, we consider the cyclicality of our businesses and cumulative income or losses during the applicable period. Cumulative losses incurred over the applicable 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. ​ ​ assets ​ Huntsman Corporation ​ We recorded income tax benefit (expense) from continuing operations of $6 million and $(83) million for the six months ended June 30, 2020 and 2019, respectively. Our tax expense is significantly affected by the mix of income and losses in the tax jurisdictions in which we operate, as impacted by the presence of valuation allowances in certain tax jurisdictions. The decrease in pretax income, as well as the one-time reduction in our Switzerland net deferred tax assets related to the 2019 tax rate change, resulted in income tax benefit during the first six months of 2020 as compared to income tax expense during the same period of 2019. ​ Huntsman International ​ Huntsman International recorded income tax benefit (expense) from continuing operations of $6 million and $(81) million for the six months ended June 30, 2020 and 2019, respectively. Our tax expense is significantly affected by the mix of income and losses in the tax jurisdictions in which we operate, as impacted by the presence of valuation allowances in certain tax jurisdictions. The decrease in pretax income, as well as the one-time reduction in our Switzerland net deferred tax assets related to the 2019 tax rate change, resulted in income tax benefit during the first six months of 2020 as compared to income tax expense during the same period of 2019. ​

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2020
EARNINGS PER SHARE
NET INCOME PER SHARE	19. EARNINGS PER SHARE ​ Basic earnings 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 earnings 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 earnings per share is determined using the following information (in millions): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ​ Six months ​ ​ ended ​ ended ​ ​ June 30, ​ June 30, ​ 2020 2019 2020 2019 Numerator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Loss) income from continuing operations attributable to Huntsman Corporation ​ $ (67) ​ $ 75 ​ $ (139) ​ $ 171 Net (loss) income attributable to Huntsman Corporation ​ (62) ​ ​ 110 ​ ​ 643 ​ $ 229 Denominator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding ​ ​ 219.7 ​ ​ 230.6 ​ ​ 221.4 ​ ​ 231.9 Dilutive shares: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Stock-based awards ​ ​ — ​ ​ 1.5 ​ ​ — ​ ​ 1.7 Total weighted average shares outstanding, including dilutive shares ​ ​ 219.7 ​ ​ 232.1 ​ ​ 221.4 ​ ​ 233.6 ​ Additional stock-based awards of 6.6 million and 3.8 million weighted average equivalent shares of stock were outstanding during the three months ended June 30, 2020 and 2019, respectively, and 6.3 million and 3.5 million weighted average equivalent shares of stock were outstanding during the six months ended June 30, 2020 and 2019, respectively. However, these stock-based awards were not included in the computation of diluted earnings per share for the three and six months ended June 30, 2020 and 2019 because the effect would be anti-dilutive.

OPERATING SEGMENT INFORMATION

OPERATING SEGMENT INFORMATION	6 Months Ended
	Jun. 30, 2020
OPERATING SEGMENT INFORMATION
OPERATING SEGMENT INFORMATION	20. 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. Beginning in the third quarter of 2019, we reported the results of our Chemical Intermediates Businesses as discontinued operations in our condensed consolidated financial statements for all periods presented. See “Note 4. Discontinued Operations and Business Dispositions—Sale of Chemical Intermediates Businesses.” ​ The major products of each reportable operating segment are as follows: ​ ​ ​ ​ Segment Products Polyurethanes ​ MDI, polyols, TPU and other polyurethane-related products Performance Products ​ Specialty amines, ethyleneamines, maleic anhydride and technology licenses Advanced Materials ​ Basic liquid and solid epoxy resins; specialty resin compounds; cross-linking, matting, curing and toughening agents; epoxy, acrylic and polyurethane-based formulations Textile Effects ​ Textile chemicals, dyes and digital inks ​ Sales between segments are generally recognized at external market prices and are eliminated in consolidation. Adjusted EBITDA is presented as a measure of the financial performance of our global business units and for reporting the results of our operating segments. The adjusted EBITDA of our reportable operating segments excludes items that principally apply to our Company as a whole. The revenues and adjusted EBITDA from continuing operations for each of our reportable operating segments are as follows (dollars in millions): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ​ Six months ​ ended ​ ended ​ June 30, ​ June 30, ​ 2020 2019 2020 2019 Revenues: ​ ​ ​ ​ ​ ​ ​ ​ ​ Polyurethanes $ 730 ​ $ 1,014 ​ $ 1,618 ​ $ 1,938 Performance Products ​ 228 ​ ​ 299 ​ ​ 520 ​ ​ 599 Advanced Materials ​ 192 ​ ​ 275 ​ ​ 433 ​ ​ 547 Textile Effects ​ 102 ​ ​ 215 ​ ​ 282 ​ ​ 404 Corporate and eliminations ​ (5) ​ ​ (19) ​ ​ (13) ​ ​ (35) Total $ 1,247 ​ $ 1,784 ​ $ 2,840 ​ $ 3,453 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Huntsman Corporation: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment adjusted EBITDA(1): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Polyurethanes $ 31 ​ $ 156 ​ $ 115 ​ $ 280 Performance Products ​ 29 ​ ​ 42 ​ ​ 87 ​ ​ 87 Advanced Materials ​ 30 ​ ​ 55 ​ ​ 78 ​ ​ 108 Textile Effects ​ (4) ​ ​ 28 ​ ​ 16 ​ ​ 50 Corporate and other(2) ​ (32) ​ ​ (36) ​ ​ (77) ​ ​ (76) Total ​ 54 ​ ​ 245 ​ ​ 219 ​ ​ 449 Reconciliation of adjusted EBITDA to net (loss) income: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest expense, net—continuing operations ​ (21) ​ ​ (29) ​ ​ (39) ​ ​ (59) Income tax benefit (expense)—continuing operations ​ 13 ​ ​ (38) ​ ​ 6 ​ ​ (83) Income tax expense—discontinued operations ​ (1) ​ ​ (14) ​ ​ (239) ​ ​ (19) Depreciation and amortization—continuing operations ​ (69) ​ ​ (69) ​ ​ (136) ​ ​ (136) Depreciation and amortization—discontinued operations ​ — ​ ​ (23) ​ ​ — ​ ​ (46) Net income attributable to noncontrolling interests ​ 3 ​ ​ 8 ​ ​ 6 ​ ​ 20 Other adjustments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Business acquisition and integration expenses and purchase accounting inventory adjustments ​ (8) ​ ​ — ​ ​ (21) ​ ​ (1) EBITDA from discontinued operations(3) ​ 6 ​ ​ 72 ​ ​ 1,021 ​ ​ 123 Fair value adjustments to Venator investment ​ 4 ​ ​ (18) ​ ​ (106) ​ ​ 58 Loss on early extinguishment of debt ​ — ​ ​ — ​ ​ — ​ ​ (23) Certain legal settlements and related expenses ​ (4) ​ ​ — ​ ​ (6) ​ ​ — (Loss) gain on sale of businesses/assets ​ (1) ​ ​ ​ ​ ​ 1 ​ ​ — Income from transition services arrangements ​ 5 ​ ​ — ​ ​ 5 ​ ​ — Certain nonrecurring information technology project implementation costs ​ (1) ​ ​ — ​ ​ (2) ​ ​ — Amortization of pension and postretirement actuarial losses ​ (19) ​ ​ (16) ​ ​ (37) ​ ​ (33) Plant incident remediation costs ​ (1) ​ ​ — ​ ​ (1) ​ ​ — Restructuring, impairment and plant closing and transition costs ​ (19) ​ ​ — ​ ​ (22) ​ ​ (1) Net (loss) income $ (59) ​ $ 118 ​ $ 649 ​ $ 249 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ​ Six months ​ ended ​ ended ​ June 30, ​ June 30, ​ 2020 2019 2020 2019 Huntsman International: ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment adjusted EBITDA(1): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Polyurethanes $ 31 ​ $ 156 ​ $ 115 ​ $ 280 Performance Products ​ 29 ​ ​ 42 ​ ​ 87 ​ ​ 87 Advanced Materials ​ 30 ​ ​ 55 ​ ​ 78 ​ ​ 108 Textile Effects ​ (4) ​ ​ 28 ​ ​ 16 ​ ​ 50 Corporate and other(2) ​ (30) ​ ​ (35) ​ ​ (74) ​ ​ (73) Total ​ 56 ​ ​ 246 ​ ​ 222 ​ ​ 452 Reconciliation of adjusted EBITDA to net (loss) income: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest expense, net—continuing operations ​ (21) ​ ​ (33) ​ ​ (41) ​ ​ (68) Income tax benefit (expense)—continuing operations ​ 13 ​ ​ (37) ​ ​ 6 ​ ​ (81) Income tax expense—discontinued operations ​ (1) ​ ​ (14) ​ ​ (239) ​ ​ (19) Depreciation and amortization—continuing operations ​ (69) ​ ​ (69) ​ ​ (136) ​ ​ (136) Depreciation and amortization—discontinued operations ​ — ​ ​ (23) ​ ​ — ​ ​ (46) Net income attributable to noncontrolling interests ​ 3 ​ ​ 8 ​ ​ 6 ​ ​ 20 Other adjustments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Business acquisition and integration expenses and purchase accounting inventory adjustments ​ (8) ​ ​ — ​ ​ (21) ​ ​ (1) EBITDA from discontinued operations(3) ​ 6 ​ ​ 72 ​ ​ 1,021 ​ ​ 123 Fair value adjustments to Venator investment ​ 4 ​ ​ (18) ​ ​ (106) ​ ​ 58 Loss on early extinguishment of debt ​ — ​ ​ — ​ ​ — ​ ​ (23) Certain legal settlements and related expenses ​ (4) ​ ​ — ​ ​ (6) ​ ​ — (Loss) gain on sale of businesses/assets ​ (1) ​ ​ — ​ ​ 1 ​ ​ — Income from transition services arrangements ​ 5 ​ ​ — ​ ​ 5 ​ ​ — Certain nonrecurring information technology project implementation costs ​ (1) ​ ​ — ​ ​ (2) ​ ​ — Amortization of pension and postretirement actuarial losses ​ (21) ​ ​ (17) ​ ​ (39) ​ ​ (35) Plant incident remediation costs ​ (1) ​ ​ — ​ ​ (1) ​ ​ — Restructuring, impairment and plant closing and transition costs ​ (19) ​ ​ — ​ ​ (22) ​ ​ (1) Net (loss) income $ (59) ​ $ 115 ​ $ 648 ​ $ 243 (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 the chief operating decision maker uses to make decisions about resources to be allocated to the segments and assess their financial performance. Segment adjusted EBITDA is defined as net (loss) 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 and purchase accounting inventory adjustments; (b) EBITDA from discontinued operations; (c) fair value adjustments to Venator investment; (d) loss on early extinguishment of debt; (e) certain legal settlements and related expenses; (f) (loss) gain on sale of businesses/assets; (g) income from transition services arrangements related to the sale of our Chemical Intermediates Businesses to Indorama; (h) certain nonrecurring information technology project implementation costs; (i) amortization of pension and postretirement actuarial losses; (j) plant incident remediation costs; 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, loss on early extinguishment of debt, unallocated restructuring, impairment and plant closing costs, nonoperating income and expense and gains and losses on the disposition of corporate assets. ​ (3) Includes the gain on the sale of our Chemical Intermediates Businesses in 2020 .

GENERAL (Policies)

GENERAL (Policies)	6 Months Ended
	Jun. 30, 2020
GENERAL
PRINCIPLES OF CONSOLIDATION	Principles of Consolidation ​ Our condensed consolidated financial statements include the accounts of our wholly-owned and majority-owned subsidiaries and any variable interest entities for which we are the primary beneficiary. Intercompany accounts and transactions have been eliminated.
RECLASSIFICATIONS	Reclassifications ​ Prior periods have been recasted to record the results of operations of our chemical intermediates businesses, which includes PO/MTBE, and our surfactants businesses (collectively, our “Chemical Intermediates Businesses”) as discontinued operations. See “Note 4. Discontinued Operations and Business Dispositions—Sale of Chemical Intermediates Businesses.”
USE OF ESTIMATES	​ Use of Estimates ​ The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

BUSINESS COMBINATIONS AND ACQ_2

BUSINESS COMBINATIONS AND ACQUISITIONS (Tables)	6 Months Ended
	Jun. 30, 2020
CVC Thermoset Specialties
BUSINESS COMBINATIONS
Schedule of allocation of acquisition cost to the assets acquired and liabilities assumed	The preliminary allocation of acquisition cost to the assets acquired and liabilities assumed is summarized as follows (dollars in millions): ​ ​ ​ ​ ​ Fair value of assets acquired and liabilities assumed: ​ ​ ​ Cash paid for the CVC Thermoset Specialties Acquisition ​ $ 306 ​ ​ ​ ​ Accounts receivable ​ $ 12 Inventories ​ ​ 39 Property, plant and equipment, net ​ ​ 88 Intangible assets ​ ​ 60 Goodwill ​ ​ 119 Accounts payable ​ ​ (7) Deferred income taxes ​ ​ (5) Total fair value of net assets acquired ​ $ 306
Schedule of estimated pro forma revenues and net income	If this acquisition were to have occurred on January 1, 2019, the following estimated pro forma revenues, net income, net income attributable to Huntsman Corporation and Huntsman International would have been reported (dollars in millions): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ​ Six months ​ ended ​ ended ​ June 30, ​ June 30, ​ 2020 ​ 2019 ​ 2020 ​ 2019 Revenues $ 1,255 ​ $ 1,812 ​ $ 2,872 ​ $ 3,514 Net (loss) income ​ (60) ​ ​ 125 ​ ​ 650 ​ ​ 267 Net (loss) income attributable to Huntsman Corporation ​ (63) ​ ​ 117 ​ ​ 644 ​ ​ 247
Icynene-Lapolla
BUSINESS COMBINATIONS
Schedule of allocation of acquisition cost to the assets acquired and liabilities assumed	The preliminary allocation of acquisition cost to the assets acquired and liabilities assumed is summarized as follows (dollars in millions): ​ ​ ​ ​ ​ Fair value of assets acquired and liabilities assumed: ​ ​ ​ Cash paid for the Icynene-Lapolla Acquisition in Q1 2020 ​ $ 353 ​ ​ ​ ​ Cash ​ $ 7 Accounts receivable ​ ​ 37 Inventories ​ ​ 36 Prepaid expenses and other current assets ​ ​ 1 Property, plant and equipment, net ​ ​ 7 Intangible assets ​ ​ 165 Goodwill ​ ​ 134 Other noncurrent assets ​ ​ 3 Accounts payable ​ ​ (13) Accrued liabilities ​ ​ (10) Deferred income taxes ​ ​ (14) Total fair value of net assets acquired ​ $ 353
Schedule of estimated pro forma revenues and net income	If this acquisition were to have occurred on January 1, 2019, the following estimated pro forma revenues, net income, net income attributable to Huntsman Corporation and Huntsman International would have been reported (dollars in millions): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ​ Six months ​ ended ​ ended ​ June 30, ​ June 30, ​ 2019 2020 ​ 2019 Revenues $ 1,841 ​ $ 2,870 ​ $ 3,566 Net income ​ 116 ​ ​ 645 ​ ​ 245 Net income attributable to Huntsman Corporation ​ 108 ​ ​ 639 ​ ​ 225
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | CVC Thermoset Specialties
BUSINESS COMBINATIONS
Schedule of estimated pro forma revenues and net income	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ​ Six months ​ ended ​ ended ​ June 30, ​ June 30, ​ 2020 ​ 2019 ​ 2020 ​ 2019 Revenues $ 1,255 ​ $ 1,812 ​ $ 2,872 ​ $ 3,514 Net (loss) income ​ (60) ​ ​ 122 ​ ​ 649 ​ ​ 261 Net (loss) income attributable to Huntsman International ​ (63) ​ ​ 114 ​ ​ 643 ​ ​ 241
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Icynene-Lapolla
BUSINESS COMBINATIONS
Schedule of estimated pro forma revenues and net income	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ​ Six months ​ ended ​ ended ​ June 30, ​ June 30, ​ 2019 2020 ​ 2019 Revenues $ 1,841 ​ $ 2,870 ​ $ 3,566 Net income ​ 113 ​ ​ 644 ​ ​ 239 Net income attributable to Huntsman International ​ 105 ​ ​ 638 ​ ​ 219

DISCONTINUED OPERATIONS AND B_2

DISCONTINUED OPERATIONS AND BUSINESS DISPOSITIONS (Tables)	6 Months Ended
	Jun. 30, 2020
DISCONTINUED OPERATIONS AND BUSINESS DISPOSITIONS
Summary of major classes of line items of discontinued operations	The following table reconciles the carrying amounts of major classes of assets and liabilities of discontinued operations to total assets and liabilities of discontinued operations that are classified as held for sale in our condensed consolidated balance sheets (dollars in millions): ​ ​ ​ ​ ​ December 31, ​ 2019 Carrying amounts of major classes of assets held for sale: ​ ​ Accounts receivable $ 145 Inventories ​ 105 Total current assets ​ ​ Property, plant and equipment, net ​ 720 Operating lease right-of-use assets ​ 69 Deferred income taxes ​ 4 Other noncurrent assets ​ 165 Total assets held for sale(1) $ 1,208 Carrying amounts of major classes of liabilities held for sale: ​ ​ Accounts payable $ 152 Accrued liabilities ​ 26 Current operating lease liabilities ​ 20 Total current liabilities ​ ​ Deferred income taxes ​ 135 Noncurrent operating lease liabilities ​ 51 Other noncurrent liabilities ​ 128 Total noncurrent liabilities ​ ​ Total liabilities held for sale(1) $ 512 (1) The assets and liabilities held for sale are classified as current as of December 31, 2019 because the sale of our Chemical Intermediates Businesses was completed on January 3, 2020. ​ The following table reconciles major line items constituting pretax income of discontinued operations to after-tax income of discontinued operations as presented in our condensed consolidated statements of operations (dollars in millions): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ​ Six months ​ ended ​ ended ​ June 30, ​ June 30, ​ 2020 ​ 2019 ​ 2020 ​ 2019 Major line items constituting pretax income of discontinued operations: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Trade sales, services and fees, net $ 1 ​ $ 432 ​ $ 7 ​ $ 835 Cost of goods sold ​ 2 ​ ​ 372 ​ ​ 11 ​ ​ 736 (Loss) gain on sale of the Chemical Intermediates Businesses ​ (12) ​ ​ — ​ ​ 978 ​ ​ — Insurance proceeds ​ 20 ​ ​ — ​ ​ 48 ​ ​ — Other expense items, net ​ 1 ​ ​ 11 ​ ​ 1 ​ ​ 22 Income from discontinued operations before income taxes ​ 6 ​ ​ 49 ​ ​ 1,021 ​ ​ 77 Income tax expense ​ (1) ​ ​ (14) ​ ​ (239) ​ ​ (19) Net income attributable to discontinued operations $ 5 ​ $ 35 ​ $ 782 ​ $ 58 (1) Discontinued operations include our Chemical Intermediates Businesses, our Australian styrenics operations and our North American polymers and base chemicals operations for all periods presented. ​ (2) Includes eliminations of trade sales, services and fees, net and cost of sales between continuing operations and discontinued operations. ​
Schedule of equity method investment of Venator	Summarized financial information of Venator for the three and six months ended June 30, 2020 and 2019 is as follows (in millions): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ​ Six months ​ ended ​ ended ​ June 30, ​ June 30, ​ 2020 ​ 2019 ​ 2020 ​ 2019 Revenues $ 456 ​ $ 578 ​ $ 988 ​ $ 1,140 Gross profit ​ 45 ​ ​ 67 ​ ​ 106 ​ ​ 143 (Loss) income from continuing operations ​ (16) ​ ​ 22 ​ ​ (9) ​ ​ 20 Net (loss) income ​ (16) ​ ​ 22 ​ ​ (9) ​ ​ 20 Net (loss) income attributable to Venator ​ (19) ​ ​ 21 ​ ​ (12) ​ ​ 18

INVENTORIES (Tables)

INVENTORIES (Tables)	6 Months Ended
	Jun. 30, 2020
INVENTORIES
Schedule of inventory	Inventories are stated at the lower of cost or market, with cost determined using LIFO, first-in first-out and average cost methods for different components of inventory. Inventories consisted of the following (dollars in millions): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2020 2019 Raw materials and supplies ​ $ 186 ​ $ 175 Work in progress ​ ​ 46 ​ ​ 49 Finished goods ​ ​ 678 ​ ​ 718 Total ​ ​ 910 ​ ​ 942 LIFO reserves ​ ​ (25) ​ ​ (28) Net inventories ​ $ 885 ​ $ 914

VARIABLE INTEREST ENTITIES (Tab

VARIABLE INTEREST ENTITIES (Tables)	6 Months Ended
	Jun. 30, 2020
VARIABLE INTEREST ENTITIES
Schedule of financial information of VIE's	The following table summarizes the carrying amount of our variable interest entities’ assets and liabilities included in our condensed consolidated balance sheet as of June 30, 2020 and our consolidated balance sheet as of December 31, 2019 (dollars in millions): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2020 2019 Current assets ​ $ 41 ​ $ 50 Property, plant and equipment, net ​ ​ 173 ​ ​ 180 Operating lease right-of-use assets ​ ​ 17 ​ ​ 16 Other noncurrent assets ​ ​ 138 ​ ​ 132 Deferred income taxes ​ ​ 30 ​ ​ 30 Total assets ​ $ 399 ​ $ 408 Current liabilities ​ $ 143 ​ $ 151 Long-term debt ​ ​ 6 ​ ​ 29 Noncurrent operating lease liabilities ​ ​ 13 ​ ​ 11 Other noncurrent liabilities ​ ​ 83 ​ ​ 87 Total liabilities ​ $ 245 ​ $ 278 ​ The revenues, income from continuing operations before income taxes and net cash provided by operating activities for our variable interest entities for the three and six months ended June 30, 2020 and 2019 are as follows (dollars in millions): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ​ Six months ​ ​ ended ​ ended ​ ​ June 30, ​ June 30, ​ ​ 2020(1) 2019 ​ 2020(1) 2019 Revenues ​ $ — ​ $ 31 ​ $ — ​ $ 67 Income from continuing operations before income taxes ​ ​ — ​ ​ 4 ​ ​ 1 ​ ​ 13 Net cash provided by operating activities ​ ​ 8 ​ ​ 29 ​ ​ 14 ​ ​ 60 (1) As of September 30, 2019, Sasol-Huntsman was no longer accounted for as a variable interest entity. Therefore, this financial data excludes information for Sasol-Huntsman.

DEBT (Tables)

DEBT (Tables)	6 Months Ended
	Jun. 30, 2020
Debt
Schedule of outstanding debt	Outstanding debt, net of debt issuance costs, consisted of the following (dollars in millions): ​ Huntsman Corporation ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2020 ​ 2019 Senior Credit Facilities: ​ ​ ​ ​ ​ Revolving facility ​ $ — ​ $ 40 Amounts outstanding under A/R programs ​ ​ 34 ​ ​ 167 Term loan ​ ​ 103 ​ ​ 103 Senior notes ​ ​ 1,969 ​ ​ 1,963 Variable interest entities ​ ​ 53 ​ ​ 65 Other ​ ​ 18 ​ ​ 51 Total debt ​ $ 2,177 ​ $ 2,389 Total current portion of debt ​ $ 650 ​ $ 212 Long-term portion of debt ​ ​ 1,527 ​ ​ 2,177 Total debt ​ $ 2,177 ​ $ 2,389
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Schedule of outstanding debt	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, ​ December 31, ​ 2020 ​ 2019 Senior Credit Facilities: ​ ​ ​ ​ ​ ​ Revolving facility ​ $ — ​ $ 40 Amounts outstanding under A/R programs ​ ​ 34 ​ ​ 167 Term loan ​ ​ 103 ​ ​ 103 Senior notes ​ ​ 1,969 ​ ​ 1,963 Variable interest entities ​ ​ 53 ​ ​ 65 Other ​ ​ 18 ​ ​ 51 Total debt, excluding debt to affiliates ​ $ 2,177 ​ $ 2,389 Total current portion of debt ​ $ 650 ​ $ 212 Long-term portion of debt ​ ​ 1,527 ​ ​ 2,177 Total debt, excluding debt to affiliates ​ ​ 2,177 ​ ​ 2,389 Notes payable to affiliates-current ​ ​ — ​ ​ 100 Notes payable to affiliates-noncurrent ​ ​ — ​ ​ 280 Total debt ​ $ 2,177 ​ $ 2,769
Schedule of 2018 Credit Facility	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Unamortized ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Discounts and ​ ​ ​ ​ ​ ​ ​ ​ Committed ​ Principal ​ Debt Issuance ​ Carrying ​ ​ ​ ​ Facility ​ Amount Outstanding Costs Value Interest Rate(2) Maturity 2018 Revolving Credit Facility ​ $ 1,200 ​ $ — (1) $ — (1) $ — (1) USD LIBOR plus 1.50% ​ 2023 (1) On June 30, 2020, we had an additional $6 million (U.S. dollar equivalents) of letters of credit and bank guarantees issued and outstanding under our 2018 Revolving Credit Facility. ​ (2) Interest rates on borrowings under the 2018 Revolving Credit Facility vary based on the type of loan and Huntsman International’s debt ratings. The then applicable interest rate as of June 30, 2020 was 1.50% above LIBOR.
Schedule of A/R Programs	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Maximum Funding Amount ​ Facility Maturity Availability(1) Outstanding Interest Rate(2) U.S. A/R Program April 2022 ​ $ 150 ​ $ — (3) Applicable rate plus 0.90% EU A/R Program April 2022 ​ € 100 ​ € 30 Applicable rate plus 1.30% ​ ​ ​ ​ ​ (or approximately $112) ​ ​ (or approximately $34) ​ ​ (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) The applicable rate for our U.S. A/R Program is defined by the lender as USD LIBOR. The applicable rate for our EU A/R Program is either GBP LIBOR, USD LIBOR or EURIBOR. ​ (3) As of June 30, 2020, we had approximately $5 million (U.S. dollar equivalents) of letters of credit issued and outstanding under our U.S. A/R Program.

FAIR VALUE (Tables)

FAIR VALUE (Tables)	6 Months Ended
	Jun. 30, 2020
FAIR VALUE
Schedule of fair values of financial instruments	The fair values of financial instruments were as follows (dollars in millions): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ June 30, 2020 ​ December 31, 2019 ​ Carrying ​ Estimated ​ Carrying ​ Estimated ​ Value Fair Value Value Fair Value Non-qualified employee benefit plan investments $ 22 ​ $ 22 ​ $ 28 ​ $ 28 Long-term debt (including current portion) ​ (2,177) ​ ​ (2,288) ​ ​ (2,389) ​ ​ (2,544)

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	6 Months Ended
	Jun. 30, 2020
REVENUE RECOGNITION
Schedule of disaggregation of revenue by major source	The following tables disaggregate our revenue from continuing operations by major source for the three months ended June 30, 2020 and 2019 (dollars in millions): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2020 Polyurethanes ​ Performance Products ​ Advanced Materials ​ Textile Effects ​ Corporate and Eliminations ​ Total Primary Geographic Markets(1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. and Canada $ 295 ​ $ 100 ​ $ 52 ​ $ 7 ​ $ (4) ​ $ 450 Europe ​ 183 ​ ​ 53 ​ ​ 72 ​ ​ 19 ​ ​ — ​ ​ 327 Asia Pacific ​ 210 ​ ​ 61 ​ ​ 51 ​ ​ 62 ​ ​ — ​ ​ 384 Rest of world ​ 42 ​ ​ 14 ​ ​ 17 ​ ​ 14 ​ ​ (1) ​ ​ 86 ​ $ 730 ​ $ 228 ​ $ 192 ​ $ 102 ​ $ (5) ​ $ 1,247 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Major Product Groupings ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ MDI urethanes $ 730 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 730 Differentiated ​ ​ ​ $ 228 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 228 Specialty ​ ​ ​ ​ ​ ​ $ 172 ​ ​ ​ ​ ​ ​ ​ ​ 172 Non-specialty ​ ​ ​ ​ ​ ​ ​ 20 ​ ​ ​ ​ ​ ​ ​ ​ 20 Textile chemicals, dyes and digital inks ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 102 ​ ​ ​ ​ ​ 102 Eliminations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ (5) ​ ​ (5) ​ $ 730 ​ $ 228 ​ $ 192 ​ $ 102 ​ $ (5) ​ $ 1,247 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2019 Polyurethanes ​ Performance Products ​ Advanced Materials ​ Textile Effects ​ Corporate and Eliminations ​ Total Primary Geographic Markets(1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. and Canada $ 396 ​ $ 137 ​ $ 77 ​ $ 16 ​ $ (6) ​ $ 620 Europe ​ 260 ​ ​ 82 ​ ​ 108 ​ ​ 36 ​ ​ (8) ​ ​ 478 Asia Pacific ​ 279 ​ ​ 63 ​ ​ 71 ​ ​ 127 ​ ​ (1) ​ ​ 539 Rest of world ​ 79 ​ ​ 17 ​ ​ 19 ​ ​ 36 ​ ​ (4) ​ ​ 147 ​ $ 1,014 ​ $ 299 ​ $ 275 ​ $ 215 ​ $ (19) ​ $ 1,784 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Major Product Groupings ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ MDI urethanes $ 1,014 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 1,014 Differentiated ​ ​ ​ $ 299 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 299 Specialty ​ ​ ​ ​ ​ ​ $ 231 ​ ​ ​ ​ ​ ​ ​ ​ 231 Non-specialty ​ ​ ​ ​ ​ ​ ​ 44 ​ ​ ​ ​ ​ ​ ​ ​ 44 Textile chemicals, dyes and digital inks ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 215 ​ ​ ​ ​ ​ 215 Eliminations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ (19) ​ ​ (19) ​ $ 1,014 ​ $ 299 ​ $ 275 ​ $ 215 ​ $ (19) ​ $ 1,784 ​ The following tables disaggregate our revenue from continuing operations by major source for the six months ended June 30, 2020 and 2019 (dollars in millions): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2020 Polyurethanes ​ Performance Products ​ Advanced Materials ​ Textile Effects ​ Corporate and Eliminations ​ Total Primary Geographic Markets(1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. and Canada $ 665 ​ $ 229 ​ $ 115 ​ $ 24 ​ $ (11) ​ $ 1,022 Europe ​ 428 ​ ​ 127 ​ ​ 173 ​ ​ 51 ​ ​ (1) ​ ​ 778 Asia Pacific ​ 409 ​ ​ 131 ​ ​ 107 ​ ​ 165 ​ ​ — ​ ​ 812 Rest of world ​ 116 ​ ​ 33 ​ ​ 38 ​ ​ 42 ​ ​ (1) ​ ​ 228 ​ $ 1,618 ​ $ 520 ​ $ 433 ​ $ 282 ​ $ (13) ​ $ 2,840 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Major Product Groupings ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ MDI urethanes $ 1,618 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 1,618 Differentiated ​ ​ ​ $ 520 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 520 Specialty ​ ​ ​ ​ ​ ​ $ 383 ​ ​ ​ ​ ​ ​ ​ ​ 383 Non-specialty ​ ​ ​ ​ ​ ​ ​ 50 ​ ​ ​ ​ ​ ​ ​ ​ 50 Textile chemicals, dyes and digital inks ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 282 ​ ​ ​ ​ ​ 282 Eliminations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ (13) ​ ​ (13) ​ $ 1,618 ​ $ 520 ​ $ 433 ​ $ 282 ​ $ (13) ​ $ 2,840 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2019 Polyurethanes ​ Performance Products ​ Advanced Materials ​ Textile Effects ​ Corporate and Eliminations ​ Total Primary Geographic Markets(1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. and Canada $ 732 ​ $ 272 ​ $ 150 ​ $ 33 ​ $ (25) ​ $ 1,162 Europe ​ 530 ​ ​ 175 ​ ​ 229 ​ ​ 70 ​ ​ (6) ​ ​ 998 Asia Pacific ​ 516 ​ ​ 119 ​ ​ 132 ​ ​ 232 ​ ​ (1) ​ ​ 998 Rest of world ​ 160 ​ ​ 33 ​ ​ 36 ​ ​ 69 ​ ​ (3) ​ ​ 295 ​ $ 1,938 ​ $ 599 ​ $ 547 ​ $ 404 ​ $ (35) ​ $ 3,453 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Major Product Groupings ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ MDI urethanes $ 1,938 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 1,938 Differentiated ​ ​ ​ $ 599 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 599 Specialty ​ ​ ​ ​ ​ ​ $ 461 ​ ​ ​ ​ ​ ​ ​ ​ 461 Non-specialty ​ ​ ​ ​ ​ ​ ​ 86 ​ ​ ​ ​ ​ ​ ​ ​ 86 Textile chemicals, dyes and digital inks ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 404 ​ ​ ​ ​ ​ 404 Eliminations ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ (35) ​ ​ (35) ​ $ 1,938 ​ $ 599 ​ $ 547 ​ $ 404 ​ $ (35) ​ $ 3,453 (1) Geographic information for revenues is based upon countries into which product is sold.

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	6 Months Ended
	Jun. 30, 2020
EMPLOYEE BENEFIT PLANS
Components of the net periodic benefit costs	Components of the net periodic benefit costs from continuing operations for the three and six months ended June 30, 2020 and 2019 were as follows (dollars in millions): Huntsman Corporation ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other Postretirement ​ ​ Defined Benefit Plans ​ Benefit Plans ​ ​ Three months ​ Three months ​ ​ ended ​ ended ​ ​ June 30, ​ June 30, ​ 2020 2019 2020 2019 Service cost ​ $ 12 ​ $ 12 ​ $ 1 ​ $ 1 Interest cost ​ ​ 16 ​ ​ 20 ​ ​ — ​ ​ — Expected return on assets ​ ​ (42) ​ ​ (39) ​ ​ — ​ ​ — Amortization of prior service benefit ​ ​ (1) ​ ​ (1) ​ ​ (1) ​ ​ (1) Amortization of actuarial loss ​ ​ 19 ​ ​ 17 ​ ​ — ​ ​ — Net periodic benefit cost ​ $ 4 ​ $ 9 ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other Postretirement ​ ​ Defined Benefit Plans ​ Benefit Plans ​ ​ Six months ​ Six months ​ ​ ended ​ ended ​ ​ June 30, ​ June 30, ​ 2020 2019 2020 2019 Service cost ​ $ 26 ​ $ 25 ​ $ 1 ​ $ 1 Interest cost ​ ​ 31 ​ ​ 40 ​ ​ 1 ​ ​ 1 Expected return on assets ​ ​ (85) ​ ​ (78) ​ ​ — ​ ​ — Amortization of prior service benefit ​ ​ (3) ​ ​ (3) ​ ​ (2) ​ ​ (2) Amortization of actuarial loss ​ ​ 39 ​ ​ 34 ​ ​ — ​ ​ — Net periodic benefit cost ​ $ 8 ​ $ 18 ​ $ — ​ $ —
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
EMPLOYEE BENEFIT PLANS
Components of the net periodic benefit costs	Huntsman International ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other Postretirement ​ ​ Defined Benefit Plans ​ Benefit Plans ​ ​ Three months ​ Three months ​ ​ ended ​ ended ​ ​ June 30, ​ June 30, ​ 2020 2019 2020 2019 Service cost ​ $ 12 ​ $ 12 ​ $ 1 ​ $ 1 Interest cost ​ ​ 16 ​ ​ 20 ​ ​ — ​ ​ — Expected return on assets ​ ​ (42) ​ ​ (39) ​ ​ — ​ ​ — Amortization of prior service benefit ​ ​ (1) ​ ​ (1) ​ ​ (1) ​ ​ (1) Amortization of actuarial loss ​ ​ 20 ​ ​ 19 ​ ​ — ​ ​ — Net periodic benefit cost ​ $ 5 ​ $ 11 ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other Postretirement ​ ​ Defined Benefit Plans ​ Benefit Plans ​ ​ Six months ​ Six months ​ ​ ended ​ ended ​ ​ June 30, ​ June 30, ​ 2020 2019 2020 2019 Service cost ​ $ 26 ​ $ 25 ​ $ 1 ​ $ 1 Interest cost ​ ​ 31 ​ ​ 40 ​ ​ 1 ​ ​ 1 Expected return on assets ​ ​ (85) ​ ​ (78) ​ ​ — ​ ​ — Amortization of prior service benefit ​ ​ (3) ​ ​ (3) ​ ​ (2) ​ ​ (2) Amortization of actuarial loss ​ ​ 41 ​ ​ 36 ​ ​ — ​ ​ — Net periodic benefit cost ​ $ 10 ​ $ 20 ​ $ — ​ $ —

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	6 Months Ended
	Jun. 30, 2020
OTHER COMPREHENSIVE INCOME
Schedule of other comprehensive income	The components of other comprehensive income and changes in accumulated other comprehensive loss by component were as follows (dollars in millions): ​ Huntsman Corporation ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign Pension Other Other, net Total Amounts Amounts attributable to Huntsman Corporation Beginning balance, January 1, 2020 ​ $ (369) ​ $ (1,031) ​ $ 8 ​ $ 4 ​ $ (1,388) ​ $ 26 ​ $ (1,362) Other comprehensive (loss) income before reclassifications, gross ​ ​ (52) ​ ​ 8 ​ ​ — ​ ​ — ​ ​ (44) ​ ​ — ​ ​ (44) Tax expense ​ ​ (4) ​ ​ (2) ​ ​ — ​ ​ — ​ ​ (6) ​ ​ — ​ ​ (6) Amounts reclassified from accumulated other comprehensive loss, gross(c) ​ ​ — ​ ​ 75 ​ ​ — ​ ​ — ​ ​ 75 ​ ​ — ​ ​ 75 Tax expense ​ ​ — ​ ​ (17) ​ ​ — ​ ​ — ​ ​ (17) ​ ​ — ​ ​ (17) Net current-period other comprehensive (loss) income ​ ​ (56) ​ ​ 64 ​ ​ — ​ ​ — ​ ​ 8 ​ ​ — ​ ​ 8 Ending balance, June 30, 2020 ​ $ (425) ​ $ (967) ​ $ 8 ​ $ 4 ​ $ (1,380) ​ $ 26 ​ $ (1,354) (a) Amounts are net of tax of $72 and $68 as of June 30, 2020 and January 1, 2020, respectively. ​ (b) Amounts are net of tax of $129 and $148 as of June 30, 2020 and January 1, 2020, respectively. ​ (c) See table below for details about these reclassifications. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign Pension Other Other, net Total Amounts Amounts attributable to Huntsman Corporation Beginning balance, January 1, 2019 ​ $ (371) ​ $ (994) ​ $ 8 ​ $ 5 ​ $ (1,352) ​ $ 36 ​ $ (1,316) Other comprehensive income before reclassifications, gross ​ ​ 19 ​ ​ — ​ ​ — ​ ​ — ​ ​ 19 ​ ​ — ​ ​ 19 Tax benefit ​ ​ 1 ​ ​ — ​ ​ — ​ ​ — ​ ​ 1 ​ ​ — ​ ​ 1 Amounts reclassified from accumulated other comprehensive loss, gross(c) ​ ​ — ​ ​ 31 ​ ​ — ​ ​ — ​ ​ 31 ​ ​ — ​ ​ 31 Tax expense ​ ​ — ​ ​ (6) ​ ​ — ​ ​ — ​ ​ (6) ​ ​ — ​ ​ (6) Net current-period other comprehensive income ​ ​ 20 ​ ​ 25 ​ ​ — ​ ​ — ​ ​ 45 ​ ​ — ​ ​ 45 Ending balance, June 30, 2019 ​ $ (351) ​ $ (969) ​ $ 8 ​ $ 5 ​ $ (1,307) ​ $ 36 ​ $ (1,271) (a) Amounts are net of tax of $70 and $71 as of June 30, 2019 and January 1, 2019, respectively. ​ (b) Amounts are net of tax of $129 and $135 as of June 30, 2019 and January 1, 2019, respectively. ​ (c) See table below for details about these reclassifications.
Schedule of details about reclassifications from other comprehensive income	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended June 30, ​ ​ ​ ​ 2020 ​ 2019 ​ ​ ​ ​ Amounts reclassified ​ Amounts reclassified ​ Affected line item in ​ ​ from accumulated ​ from accumulated ​ the statement ​ ​ other ​ other ​ where net income Details about Accumulated Other ​ comprehensive loss comprehensive loss ​ is presented Comprehensive Loss Components(a): ​ ​ ​ ​ ​ ​ ​ Amortization of pension and other postretirement benefits: ​ ​ ​ ​ ​ ​ ​ ​ Prior service credit ​ $ (2) ​ $ (3) ​ (b) Actuarial loss ​ ​ 19 ​ ​ 19 ​ (b)(d) ​ ​ ​ 17 ​ ​ 16 ​ Total before tax ​ ​ ​ (3) ​ ​ (3) ​ Income tax expense Total reclassifications for the period ​ $ 14 ​ $ 13 ​ Net of tax ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six months ended June 30, ​ ​ ​ ​ 2020 ​ 2019 ​ ​ ​ ​ Amounts reclassified ​ Amounts reclassified ​ Affected line item in ​ ​ from accumulated ​ from accumulated ​ the statement Details about Accumulated Other ​ other ​ other ​ where net income Comprehensive Loss Components(a): ​ comprehensive loss comprehensive loss is presented Amortization of pension and other postretirement benefits: ​ ​ ​ ​ ​ ​ ​ ​ Prior service credit ​ $ (5) ​ $ (6) ​ (b) Settlement loss ​ ​ 41 ​ ​ — ​ (c) Actuarial loss ​ ​ 39 ​ ​ 37 ​ (b)(d) ​ ​ ​ 75 ​ ​ 31 ​ Total before tax ​ ​ ​ (17) ​ ​ (6) ​ Income tax expense Total reclassifications for the period ​ $ 58 ​ $ 25 ​ Net of tax (a) Pension and other postretirement benefits amounts in parentheses indicate credits on our condensed consolidated statements of operations. ​ (b) These accumulated other comprehensive loss components are included in the computation of net periodic pension costs. See “Note 12. Employee Benefit Plans.” ​ (c) In connection with the sale of our Chemical Intermediates Businesses, we recognized $41 of pension and other post-employment benefit settlement losses during the six months ended June 30, 2020. ​ (d) Amounts contain approximately $2 and nil of actuarial losses related to discontinued operations for the three months ended June 30, 2020 and 2019, respectively, and $3 and $1 of actuarial losses related to discontinued operations for the six months ended June 30, 2020 and 2019.
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
OTHER COMPREHENSIVE INCOME
Schedule of other comprehensive income	Huntsman International ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign Pension Other Other, net Total Amounts Amounts Beginning balance, January 1, 2020 ​ $ (374) ​ $ (1,012) ​ $ 8 ​ $ — ​ $ (1,378) ​ $ 26 ​ $ (1,352) Other comprehensive (loss) income before reclassifications, gross ​ ​ (53) ​ ​ 8 ​ ​ — ​ ​ — ​ ​ (45) ​ ​ — ​ ​ (45) Tax expense ​ ​ (4) ​ ​ (2) ​ ​ — ​ ​ — ​ ​ (6) ​ ​ — ​ ​ (6) Amounts reclassified from accumulated other comprehensive loss, gross(c) ​ ​ — ​ ​ 77 ​ ​ — ​ ​ — ​ ​ 77 ​ ​ — ​ ​ 77 Tax expense ​ ​ — ​ ​ (17) ​ ​ — ​ ​ — ​ ​ (17) ​ ​ — ​ ​ (17) Net current-period other comprehensive (loss) income ​ ​ (57) ​ ​ 66 ​ ​ — ​ ​ — ​ ​ 9 ​ ​ — ​ ​ 9 Ending balance, June 30, 2020 ​ $ (431) ​ $ (946) ​ $ 8 ​ $ — ​ $ (1,369) ​ $ 26 ​ $ (1,343) (a) Amounts are net of tax of $59 and $55 as of June 30, 2020 and January 1, 2020 respectively. ​ (b) Amounts are net of tax of $155 and $174 as of June, 2020 and January 1, 2020, respectively. ​ (c) See table below for details about these reclassifications. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Foreign Pension Other Other, net Total Amounts Amounts Beginning balance, January 1, 2019 ​ $ (376) ​ $ (977) ​ $ 8 ​ $ 1 ​ $ (1,344) ​ $ 36 ​ $ (1,308) Other comprehensive income before reclassifications, gross ​ ​ 19 ​ ​ — ​ ​ — ​ ​ — ​ ​ 19 ​ ​ — ​ ​ 19 Tax benefit ​ ​ 1 ​ ​ — ​ ​ — ​ ​ — ​ ​ 1 ​ ​ — ​ ​ 1 Amounts reclassified from accumulated other comprehensive loss, gross(c) ​ ​ — ​ ​ 33 ​ ​ — ​ ​ — ​ ​ 33 ​ ​ — ​ ​ 33 Tax expense ​ ​ — ​ ​ (7) ​ ​ — ​ ​ — ​ ​ (7) ​ ​ — ​ ​ (7) Net current-period other comprehensive income ​ ​ 20 ​ ​ 26 ​ ​ — ​ ​ — ​ ​ 46 ​ ​ — ​ ​ 46 Ending balance, June 30, 2019 ​ $ (356) ​ $ (951) ​ $ 8 ​ $ 1 ​ $ (1,298) ​ $ 36 ​ $ (1,262) (a) Amounts are net of tax of $56 and $57 as of June 30, 2019 and January 1, 2019, respectively. ​ (b) Amounts are net of tax of $154 and $161 as of June 30, 2019 and January 1, 2019, respectively. ​ (c) See table below for details about these reclassifications.
Schedule of details about reclassifications from other comprehensive income	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ended June 30, ​ ​ ​ ​ 2020 ​ 2019 ​ ​ ​ ​ Amounts reclassified ​ Amounts reclassified ​ Affected line item in ​ ​ from accumulated ​ from accumulated ​ the statement ​ ​ other ​ other ​ where net income Details about Accumulated Other ​ comprehensive loss comprehensive loss ​ is presented Comprehensive Loss Components(a): ​ ​ ​ ​ ​ ​ ​ Amortization of pension and other postretirement benefits: ​ ​ ​ ​ ​ ​ ​ ​ Prior service credit ​ $ (2) ​ $ (3) ​ (b) Actuarial loss ​ ​ 20 ​ ​ 20 ​ (b)(d) ​ ​ ​ 18 ​ ​ 17 ​ Total before tax ​ ​ ​ (3) ​ ​ (4) ​ Income tax expense Total reclassifications for the period ​ $ 15 ​ $ 13 ​ Net of tax ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Six months ended June 30, ​ ​ ​ ​ 2020 ​ 2019 ​ ​ ​ ​ Amounts reclassified ​ Amounts reclassified ​ Affected line item in ​ ​ from accumulated ​ from accumulated ​ the statement Details about Accumulated Other ​ other ​ other ​ where net income Comprehensive Loss Components(a): ​ comprehensive loss comprehensive loss is presented Amortization of pension and other postretirement benefits: ​ ​ ​ ​ ​ ​ ​ ​ Prior service credit ​ $ (5) ​ $ (6) ​ (b) Settlement loss ​ ​ 41 ​ ​ — ​ (c) Actuarial loss ​ ​ 41 ​ ​ 39 ​ (b)(d) ​ ​ ​ 77 ​ ​ 33 ​ Total before tax ​ ​ ​ (17) ​ ​ (7) ​ Income tax expense Total reclassifications for the period ​ $ 60 ​ $ 26 ​ Net of tax (a) Pension and other postretirement benefits amounts in parentheses indicate credits on our condensed consolidated statements of operations. ​ (b) These accumulated other comprehensive loss components are included in the computation of net periodic pension costs. See “Note 12. Employee Benefit Plans.” ​ (c) In connection with the sale of our Chemical Intermediates Businesses, we recognized $41 of pension and other post-employment benefit settlement losses during the six months ended June 30, 2020. ​ (d) Amounts contain approximately $2 and nil of actuarial losses related to discontinued operations for the three months ended June 30, 2020 and 2019, respectively, and $3 and $1 of actuarial losses related to discontinued operations for the six months ended June 30, 2020 and 2019.

STOCK-BASED COMPENSATION PLANS

STOCK-BASED COMPENSATION PLANS (Tables)	6 Months Ended
	Jun. 30, 2020
STOCK-BASED COMPENSATION PLANS
Schedule of compensation cost under the stock-based compensation plans	The compensation cost from continuing operations under the stock-based compensation plans for our Company and Huntsman International were as follows (dollars in millions): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ​ Six months ​ ended ​ ended ​ June 30, ​ June 30, ​ 2020 ​ 2019 ​ 2020 ​ 2019 Huntsman Corporation compensation cost $ 7 ​ $ 7 ​ $ 14 ​ $ 15 Huntsman International compensation cost ​ 7 ​ ​ 7 ​ ​ 13 ​ ​ 14 ​
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	​ ​ ​ ​ ​ ​ ​ ​ Six months ended June 30, ​ 2020 ​ 2019 Dividend yield 3.0 % ​ 2.9 % Expected volatility 53.1 % ​ 54.0 % Risk-free interest rate 1.5 % ​ 2.5 % Expected life of stock options granted during the period 5.9 years ​ 5.9 years
Summary of stock option activity under the stock-based compensation plans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ Average ​ ​ ​ ​ ​ ​ ​ ​ Average ​ Remaining ​ Aggregate ​ ​ ​ ​ ​ Exercise ​ Contractual ​ Intrinsic Option Awards Shares Price Term Value ​ ​ (in thousands) ​ ​ ​ ​ (years) ​ (in millions) Outstanding at January 1, 2020 ​ 5,025 ​ $ 19.08 ​ ​ ​ ​ ​ ​ Granted ​ ​ 750 ​ ​ 21.54 ​ ​ ​ ​ ​ ​ Exercised ​ ​ (255) ​ ​ 11.29 ​ ​ ​ ​ ​ ​ Forfeited ​ ​ (25) ​ ​ 24.38 ​ ​ ​ ​ ​ ​ Outstanding at June 30, 2020 ​ ​ 5,495 ​ ​ 19.75 ​ ​ 6.2 ​ $ 10 Exercisable at June 30, 2020 ​ ​ 4,043 ​ ​ 18.54 ​ ​ 5.1 ​ ​ 10 ​
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, 2020 ​ ​ 1,640 ​ $ 24.61 ​ ​ 427 ​ $ 24.80 Granted ​ ​ 833 ​ ​ 21.93 ​ ​ 238 ​ ​ 21.53 Vested ​ ​ (569) (1)(2) ​ 25.17 ​ ​ (218) ​ ​ 24.64 Forfeited ​ ​ (4) ​ ​ 25.49 ​ ​ (10) ​ ​ 23.82 Nonvested at June 30, 2020 ​ ​ 1,900 ​ ​ 23.27 ​ ​ 437 ​ ​ 23.12 (1) As of June 30, 2020, a total of 426,856 restricted stock units were vested but not yet issued, of which 37,761 vested during the six months ended June 30, 2020. 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. ​ (2) A total of 174,200 performance share unit awards are reflected in the vested shares in this table, which represents the target number of performance share unit awards for this grant and were included in the balance at December 31, 2019. During the six months ended June 30, 2020, an additional 165,489 performance share unit awards with a grant date fair value of $26.99 vested above the target in accordance the performance criteria of these awards.

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2020
EARNINGS PER SHARE
Schedule of basic and diluted income (loss) per share	Basic and diluted earnings per share is determined using the following information (in millions): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ​ Six months ​ ​ ended ​ ended ​ ​ June 30, ​ June 30, ​ 2020 2019 2020 2019 Numerator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (Loss) income from continuing operations attributable to Huntsman Corporation ​ $ (67) ​ $ 75 ​ $ (139) ​ $ 171 Net (loss) income attributable to Huntsman Corporation ​ (62) ​ ​ 110 ​ ​ 643 ​ $ 229 Denominator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding ​ ​ 219.7 ​ ​ 230.6 ​ ​ 221.4 ​ ​ 231.9 Dilutive shares: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Stock-based awards ​ ​ — ​ ​ 1.5 ​ ​ — ​ ​ 1.7 Total weighted average shares outstanding, including dilutive shares ​ ​ 219.7 ​ ​ 232.1 ​ ​ 221.4 ​ ​ 233.6 ​

OPERATING SEGMENT INFORMATION (

OPERATING SEGMENT INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2020
OPERATING SEGMENT INFORMATION
Schedule of major products by reportable operating segment	​ ​ ​ ​ Segment Products Polyurethanes ​ MDI, polyols, TPU and other polyurethane-related products Performance Products ​ Specialty amines, ethyleneamines, maleic anhydride and technology licenses Advanced Materials ​ Basic liquid and solid epoxy resins; specialty resin compounds; cross-linking, matting, curing and toughening agents; epoxy, acrylic and polyurethane-based formulations Textile Effects ​ Textile chemicals, dyes and digital inks ​
Schedule of EBITDA, Assets, Goodwill and Depreciation for each of the entity's reportable operating segments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ​ Six months ​ ended ​ ended ​ June 30, ​ June 30, ​ 2020 2019 2020 2019 Revenues: ​ ​ ​ ​ ​ ​ ​ ​ ​ Polyurethanes $ 730 ​ $ 1,014 ​ $ 1,618 ​ $ 1,938 Performance Products ​ 228 ​ ​ 299 ​ ​ 520 ​ ​ 599 Advanced Materials ​ 192 ​ ​ 275 ​ ​ 433 ​ ​ 547 Textile Effects ​ 102 ​ ​ 215 ​ ​ 282 ​ ​ 404 Corporate and eliminations ​ (5) ​ ​ (19) ​ ​ (13) ​ ​ (35) Total $ 1,247 ​ $ 1,784 ​ $ 2,840 ​ $ 3,453 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Huntsman Corporation: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment adjusted EBITDA(1): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Polyurethanes $ 31 ​ $ 156 ​ $ 115 ​ $ 280 Performance Products ​ 29 ​ ​ 42 ​ ​ 87 ​ ​ 87 Advanced Materials ​ 30 ​ ​ 55 ​ ​ 78 ​ ​ 108 Textile Effects ​ (4) ​ ​ 28 ​ ​ 16 ​ ​ 50 Corporate and other(2) ​ (32) ​ ​ (36) ​ ​ (77) ​ ​ (76) Total ​ 54 ​ ​ 245 ​ ​ 219 ​ ​ 449 Reconciliation of adjusted EBITDA to net (loss) income: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest expense, net—continuing operations ​ (21) ​ ​ (29) ​ ​ (39) ​ ​ (59) Income tax benefit (expense)—continuing operations ​ 13 ​ ​ (38) ​ ​ 6 ​ ​ (83) Income tax expense—discontinued operations ​ (1) ​ ​ (14) ​ ​ (239) ​ ​ (19) Depreciation and amortization—continuing operations ​ (69) ​ ​ (69) ​ ​ (136) ​ ​ (136) Depreciation and amortization—discontinued operations ​ — ​ ​ (23) ​ ​ — ​ ​ (46) Net income attributable to noncontrolling interests ​ 3 ​ ​ 8 ​ ​ 6 ​ ​ 20 Other adjustments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Business acquisition and integration expenses and purchase accounting inventory adjustments ​ (8) ​ ​ — ​ ​ (21) ​ ​ (1) EBITDA from discontinued operations(3) ​ 6 ​ ​ 72 ​ ​ 1,021 ​ ​ 123 Fair value adjustments to Venator investment ​ 4 ​ ​ (18) ​ ​ (106) ​ ​ 58 Loss on early extinguishment of debt ​ — ​ ​ — ​ ​ — ​ ​ (23) Certain legal settlements and related expenses ​ (4) ​ ​ — ​ ​ (6) ​ ​ — (Loss) gain on sale of businesses/assets ​ (1) ​ ​ ​ ​ ​ 1 ​ ​ — Income from transition services arrangements ​ 5 ​ ​ — ​ ​ 5 ​ ​ — Certain nonrecurring information technology project implementation costs ​ (1) ​ ​ — ​ ​ (2) ​ ​ — Amortization of pension and postretirement actuarial losses ​ (19) ​ ​ (16) ​ ​ (37) ​ ​ (33) Plant incident remediation costs ​ (1) ​ ​ — ​ ​ (1) ​ ​ — Restructuring, impairment and plant closing and transition costs ​ (19) ​ ​ — ​ ​ (22) ​ ​ (1) Net (loss) income $ (59) ​ $ 118 ​ $ 649 ​ $ 249 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three months ​ Six months ​ ended ​ ended ​ June 30, ​ June 30, ​ 2020 2019 2020 2019 Huntsman International: ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment adjusted EBITDA(1): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Polyurethanes $ 31 ​ $ 156 ​ $ 115 ​ $ 280 Performance Products ​ 29 ​ ​ 42 ​ ​ 87 ​ ​ 87 Advanced Materials ​ 30 ​ ​ 55 ​ ​ 78 ​ ​ 108 Textile Effects ​ (4) ​ ​ 28 ​ ​ 16 ​ ​ 50 Corporate and other(2) ​ (30) ​ ​ (35) ​ ​ (74) ​ ​ (73) Total ​ 56 ​ ​ 246 ​ ​ 222 ​ ​ 452 Reconciliation of adjusted EBITDA to net (loss) income: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest expense, net—continuing operations ​ (21) ​ ​ (33) ​ ​ (41) ​ ​ (68) Income tax benefit (expense)—continuing operations ​ 13 ​ ​ (37) ​ ​ 6 ​ ​ (81) Income tax expense—discontinued operations ​ (1) ​ ​ (14) ​ ​ (239) ​ ​ (19) Depreciation and amortization—continuing operations ​ (69) ​ ​ (69) ​ ​ (136) ​ ​ (136) Depreciation and amortization—discontinued operations ​ — ​ ​ (23) ​ ​ — ​ ​ (46) Net income attributable to noncontrolling interests ​ 3 ​ ​ 8 ​ ​ 6 ​ ​ 20 Other adjustments: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Business acquisition and integration expenses and purchase accounting inventory adjustments ​ (8) ​ ​ — ​ ​ (21) ​ ​ (1) EBITDA from discontinued operations(3) ​ 6 ​ ​ 72 ​ ​ 1,021 ​ ​ 123 Fair value adjustments to Venator investment ​ 4 ​ ​ (18) ​ ​ (106) ​ ​ 58 Loss on early extinguishment of debt ​ — ​ ​ — ​ ​ — ​ ​ (23) Certain legal settlements and related expenses ​ (4) ​ ​ — ​ ​ (6) ​ ​ — (Loss) gain on sale of businesses/assets ​ (1) ​ ​ — ​ ​ 1 ​ ​ — Income from transition services arrangements ​ 5 ​ ​ — ​ ​ 5 ​ ​ — Certain nonrecurring information technology project implementation costs ​ (1) ​ ​ — ​ ​ (2) ​ ​ — Amortization of pension and postretirement actuarial losses ​ (21) ​ ​ (17) ​ ​ (39) ​ ​ (35) Plant incident remediation costs ​ (1) ​ ​ — ​ ​ (1) ​ ​ — Restructuring, impairment and plant closing and transition costs ​ (19) ​ ​ — ​ ​ (22) ​ ​ (1) Net (loss) income $ (59) ​ $ 115 ​ $ 648 ​ $ 243 (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 the chief operating decision maker uses to make decisions about resources to be allocated to the segments and assess their financial performance. Segment adjusted EBITDA is defined as net (loss) 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 and purchase accounting inventory adjustments; (b) EBITDA from discontinued operations; (c) fair value adjustments to Venator investment; (d) loss on early extinguishment of debt; (e) certain legal settlements and related expenses; (f) (loss) gain on sale of businesses/assets; (g) income from transition services arrangements related to the sale of our Chemical Intermediates Businesses to Indorama; (h) certain nonrecurring information technology project implementation costs; (i) amortization of pension and postretirement actuarial losses; (j) plant incident remediation costs; 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, loss on early extinguishment of debt, unallocated restructuring, impairment and plant closing costs, nonoperating income and expense and gains and losses on the disposition of corporate assets. ​ (3) Includes the gain on the sale of our Chemical Intermediates Businesses in 2020 .

GENERAL - ACQUISITION AND SALE

GENERAL - ACQUISITION AND SALE (Details) $ in Millions		May 18, 2020USD ($)facility	Jun. 30, 2020USD ($)segment	Jul. 31, 2020USD ($)	Dec. 31, 2019USD ($)
GENERAL
Number of operating segments | segment			4
Cash and cash equivalents	[1]		$ 1,254		$ 525
Capital expenditures on MDI splitter			40
Estimated capital expenditures in 2021 and 2022			120
Minimum
GENERAL
Expected restructuring expense				$ 23
Estimated capital expenditures in 2020 for continuing operations			225
Maximum
GENERAL
Expected restructuring expense				$ 31
Estimated capital expenditures in 2020 for continuing operations			235
2018 Revolving Credit Facility
GENERAL
Maximum revolving credit facility			$ 1,200
CVC Thermoset Specialties
GENERAL
Number of operating manufacturing facilities in a acquisition agreement | facility		2
Cash paid for acquisition		$ 306
[1]	At June 30, 2020 and December 31, 2019, respectively, $1 and nil of cash and cash equivalents, $6 and $13 of accounts and notes receivable (net), $32 and $35 of inventories, $173 and $180 of property, plant and equipment (net), $22 and $20 of other noncurrent assets, $79 and $100 of accounts payable, $13 and $10 of accrued liabilities, $47 and $36 of current portion of debt, $4 each of current operating lease liabilities, $6 and $29 of long-term debt, $13 and $11 of noncurrent operating lease liabilities and $83 and $87 of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 6. Variable Interest Entities.”

BUSINESS COMBINATION AND ACQUIS

BUSINESS COMBINATION AND ACQUISITIONS (Details) - USD ($) $ in Millions	May 18, 2020	Feb. 20, 2020	Jun. 30, 2020	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Fair value of assets acquired and liabilities assumed:
Goodwill			$ 522	$ 522		$ 522	$ 522		$ 276
CVC Thermoset Specialties
BUSINESS COMBINATIONS
Transaction related costs				5			5
Revenue from date of acquisition			7
Net income from date of acquisition			1
Fair value of assets acquired and liabilities assumed:
Cash paid for acquisition	$ 306
Accounts receivable	12
Inventories	39
Property, plant and equipment, net	88
Intangible assets	60
Goodwill	119
Accounts payable	(7)
Deferred income taxes	(5)
Total fair value of net assets acquired	$ 306
Estimated pro forma revenues and net income (loss) attributable to business acquisition
Revenues				1,255	$ 1,812		2,872	$ 3,514
Net (loss) income				(60)	125		650	267
Net (loss) income attributable to Huntsman				(63)	117		644	247
Icynene-Lapolla
BUSINESS COMBINATIONS
Net acquisition cost		$ 353
Transaction related costs				4			14
Revenue from date of acquisition						78
Net income from date of acquisition						5
Fair value of assets acquired and liabilities assumed:
Cash paid for acquisition		353
Cash		7
Accounts receivable		37
Inventories		36
Prepaid expenses and other current assets		1
Property, plant and equipment, net		7
Intangible assets		165
Goodwill		134
Other noncurrent assets		3
Accounts payable		(13)
Accrued liabilities		(10)
Deferred income taxes		(14)
Total fair value of net assets acquired		$ 353
Estimated pro forma revenues and net income (loss) attributable to business acquisition
Revenues					1,841		2,870	3,566
Net (loss) income					116		645	245
Net (loss) income attributable to Huntsman					108		639	225
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Fair value of assets acquired and liabilities assumed:
Goodwill			$ 522	522		$ 522	522		$ 276
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | CVC Thermoset Specialties
Estimated pro forma revenues and net income (loss) attributable to business acquisition
Revenues				1,255	1,812		2,872	3,514
Net (loss) income				(60)	122		649	261
Net (loss) income attributable to Huntsman				$ (63)	114		643	241
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Icynene-Lapolla
Estimated pro forma revenues and net income (loss) attributable to business acquisition
Revenues					1,841		2,870	3,566
Net (loss) income					113		644	239
Net (loss) income attributable to Huntsman					$ 105		$ 638	$ 219

DISCONTINUED OPERATIONS AND B_3

DISCONTINUED OPERATIONS AND BUSINESS DISPOSITIONS - CHEMICAL INTERMEDIATES (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended	6 Months Ended
	Jul. 31, 2020	Mar. 31, 2020	Dec. 31, 2020	Jun. 30, 2020	Jan. 03, 2020	Dec. 31, 2019
BUSINESS DISPOSITIONS
Cash paid for income taxes on the proceeds from the sale of business				$ 10
Chemical Intermediates Businesses | Discontinued Operations, Held-for-sale
Carrying amounts of major classes of assets held for sale:
Accounts receivable						$ 145
Inventories						105
Property, plant and equipment, net						720
Operating lease right-of-use assets						69
Deferred income taxes						4
Other noncurrent assets						165
Total assets held for sale						1,208
Carrying amounts of major classes of liabilities held for sale:
Accounts payable						152
Accrued liabilities						26
Current operating lease liabilities						20
Deferred income taxes						135
Noncurrent operating lease liabilities						51
Other noncurrent liabilities						128
Total liabilities held for sale						$ 512
Chemical Intermediates Businesses | Discontinued Operations, Disposed of by Sale
BUSINESS DISPOSITIONS
Purchase price of disposition					$ 2,000
Cash purchase price, including adjustments					1,920
Underfunded pension and other post-employment benefit liabilities					$ 72
Net after-tax gain on disposal				748
Proceeds from sale of businesses	$ 8	$ 1,915
Cash paid for income taxes on the proceeds from the sale of business				$ 10
Chemical Intermediates Businesses | Discontinued Operations, Disposed of by Sale | Forecast
BUSINESS DISPOSITIONS
Cash paid for income taxes on the proceeds from the sale of business			$ 365

DISCONTINUED OPERATIONS AND B_4

DISCONTINUED OPERATIONS AND BUSINESS DISPOSITIONS - OPERATIONS DATA (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Major line items constituting pretax income of discontinued operations:
Income tax expense	$ (1)	$ (14)	$ (239)	$ (19)
Net income attributable to discontinued operations	5	35	782	58
Chemical Intermediates Businesses | Discontinued Operations, Held-for-sale
Major line items constituting pretax income of discontinued operations:
Trade sales, services and fees, net		432		835
Cost of goods sold		372		736
Other expense items, net		11		22
Income from discontinued operations before income taxes		49		77
Income tax expense		(14)		(19)
Net income attributable to discontinued operations		35		58
Chemical Intermediates Businesses | Discontinued Operations, Held-for-sale or Disposed of by Sale
Major line items constituting pretax income of discontinued operations:
Trade sales, services and fees, net	1		7
Cost of goods sold	2		11
Gain on sale of the Chemical Intermediates Businesses	(12)		978
Insurance proceeds	20		48
Other expense items, net	1		1
Income from discontinued operations before income taxes	6		1,021
Income tax expense	(1)		(239)
Net income attributable to discontinued operations	5		782
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Major line items constituting pretax income of discontinued operations:
Income tax expense	$ (1)	$ (14)	$ (239)	$ (19)

DISCONTINUED OPERATIONS AND B_5

DISCONTINUED OPERATIONS AND BUSINESS DISPOSITIONS - VENATOR (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2018
BUSINESS DISPOSITIONS
Fair value adjustments to Venator investment	$ 4	$ (18)	$ (106)	$ 58
Venator Materials PLC
BUSINESS DISPOSITIONS
Ownership interest (as a percent)					49.00%
Fair value adjustments to Venator investment	4	(18)	(106)	58
Revenues	456	578	988	1,140
Gross Profit	45	67	106	143
(Loss) income from continuing operations	(16)	22	(9)	20
Net (loss) income	(16)	22	(9)	20
Venator Materials PLC | Venator Materials PLC
BUSINESS DISPOSITIONS
Net (loss) income	$ (19)	$ 21	$ (12)	$ 18

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Millions		Jun. 30, 2020	Dec. 31, 2019
Inventories
Raw materials and supplies		$ 186	$ 175
Work in progress		46	49
Finished goods		678	718
Total		910	942
LIFO reserves		(25)	(28)
Net inventories	[1]	$ 885	$ 914
Percentage of inventories recorded using the LIFO cost method		7.00%	9.00%
[1]	At June 30, 2020 and December 31, 2019, respectively, $1 and nil of cash and cash equivalents, $6 and $13 of accounts and notes receivable (net), $32 and $35 of inventories, $173 and $180 of property, plant and equipment (net), $22 and $20 of other noncurrent assets, $79 and $100 of accounts payable, $13 and $10 of accrued liabilities, $47 and $36 of current portion of debt, $4 each of current operating lease liabilities, $6 and $29 of long-term debt, $13 and $11 of noncurrent operating lease liabilities and $83 and $87 of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 6. Variable Interest Entities.”

VARIABLE INTEREST ENTITIES (Det

VARIABLE INTEREST ENTITIES (Details) - USD ($) $ in Millions		Sep. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Assets and liabilities of VIE
Current assets			$ 3,104		$ 3,104		$ 3,755
Property, plant and equipment, net	[1]		2,457		2,457		2,383
Operating lease right-of-use assets			419		419		396
Deferred income taxes			289		289		292
Intangible assets	[1]		408		408		197
Goodwill			522		522		276
Total assets			8,126		8,126		8,320
Current liabilities			2,027		2,027		2,008
Long-term debt	[1]		1,527		1,527		2,177
Deferred income taxes			40		40		29
Noncurrent operating lease liabilities	[1]		402		402		384
Other noncurrent liabilities	[1]		806		806		898
Total liabilities			4,802		4,802		5,496
Revenues, income from continuing operations before income taxes and net cash provided by operating activities for our variable interest entities
Total revenues			1,247	$ 1,784	2,840	$ 3,453
Income from continuing operations before income taxes			(77)	121	(139)	274
Net cash provided by operating activities					5	273
Sasol Huntsman GmbH and Co. KG
Identification of variable interest entities through investments and transactions
Percentage of joint interest acquired		50.00%
Consolidated VIE's
Assets and liabilities of VIE
Current assets			41		41		50
Property, plant and equipment, net			173		173		180
Operating lease right-of-use assets			17		17		16
Other noncurrent assets			138		138		132
Deferred income taxes			30		30		30
Total assets			399		399		408
Current liabilities			143		143		151
Long-term debt			6		6		29
Noncurrent operating lease liabilities			13		13		11
Other noncurrent liabilities			83		83		87
Total liabilities			245		245		$ 278
Revenues, income from continuing operations before income taxes and net cash provided by operating activities for our variable interest entities
Total revenues				31		67
Income from continuing operations before income taxes				4	1	13
Net cash provided by operating activities			$ 8	$ 29	$ 14	$ 60
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%
[1]	At June 30, 2020 and December 31, 2019, respectively, $1 and nil of cash and cash equivalents, $6 and $13 of accounts and notes receivable (net), $32 and $35 of inventories, $173 and $180 of property, plant and equipment (net), $22 and $20 of other noncurrent assets, $79 and $100 of accounts payable, $13 and $10 of accrued liabilities, $47 and $36 of current portion of debt, $4 each of current operating lease liabilities, $6 and $29 of long-term debt, $13 and $11 of noncurrent operating lease liabilities and $83 and $87 of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 6. Variable Interest Entities.”

RESTRUCTURING, IMPAIRMENT AND_2

RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS (Details) - Workforce reductions - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020
Polyurethanes
Restructuring, impairment and plant closing costs
Restructuring charges	$ 2
Performance Products
Restructuring, impairment and plant closing costs
Restructuring charges	4
Advanced Materials
Restructuring, impairment and plant closing costs
Restructuring charges	$ 4
Textile Effects
Restructuring, impairment and plant closing costs
Restructuring charges		$ 10

DEBT - DEBT OUTSTANDING (Detail

DEBT - DEBT OUTSTANDING (Details) - USD ($) $ in Millions		Jun. 30, 2020	Dec. 31, 2019
Debt
Total debt - excluding debt to affiliates		$ 2,177	$ 2,389
Total current portion of debt	[1]	650	212
Long-term portion of debt	[1]	1,527	2,177
Total debt		2,177	2,389
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Total debt - excluding debt to affiliates		2,177	2,389
Total current portion of debt	[1]	650	212
Long-term portion of debt	[1]	1,527	2,177
Notes payable to affiliates-current			100
Notes payable to affiliates-noncurrent			280
Total debt		2,177	2,769
2018 Revolving Credit Facility
Debt
Total debt - excluding debt to affiliates			40
2018 Revolving Credit Facility | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Total debt - excluding debt to affiliates			40
Term loan
Debt
Total debt - excluding debt to affiliates		103	103
Term loan | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Total debt - excluding debt to affiliates		103	103
Accounts receivable programs
Debt
Total debt - excluding debt to affiliates		34	167
Accounts receivable programs | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Total debt - excluding debt to affiliates		34	167
Senior notes
Debt
Total debt - excluding debt to affiliates		1,969	1,963
Senior notes | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Total debt - excluding debt to affiliates		1,969	1,963
Variable interest entities
Debt
Total debt - excluding debt to affiliates		53	65
Variable interest entities | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Total debt - excluding debt to affiliates		53	65
Other
Debt
Total debt - excluding debt to affiliates		18	51
Other | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Total debt - excluding debt to affiliates		$ 18	$ 51
[1]	At June 30, 2020 and December 31, 2019, respectively, $1 and nil of cash and cash equivalents, $6 and $13 of accounts and notes receivable (net), $32 and $35 of inventories, $173 and $180 of property, plant and equipment (net), $22 and $20 of other noncurrent assets, $79 and $100 of accounts payable, $13 and $10 of accrued liabilities, $47 and $36 of current portion of debt, $4 each of current operating lease liabilities, $6 and $29 of long-term debt, $13 and $11 of noncurrent operating lease liabilities and $83 and $87 of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 6. Variable Interest Entities.”

DEBT - ISSUANCE COSTS (Details)

DEBT - ISSUANCE COSTS (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
DEBT
Debt issuance costs	$ 10	$ 11

DEBT - CREDIT FACILITIES (Detai

DEBT - CREDIT FACILITIES (Details) € in Millions, $ in Millions	Sep. 30, 2019	Sep. 24, 2019USD ($)	Jun. 30, 2020USD ($)	Sep. 24, 2019EUR (€)
Sasol Huntsman GmbH and Co. KG
Debt
Percentage of joint interest acquired	50.00%
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Sasol Huntsman GmbH and Co. KG
Debt
Percentage of joint interest acquired	50.00%
2018 Revolving Credit Facility
Debt
Committed Amount			$ 1,200
2018 Revolving Credit Facility | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Committed Amount			1,200
Amount of letter of credit and bank guarantees issued and outstanding			$ 6
2018 Revolving Credit Facility | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | LIBOR
Debt
Basis spread (as a percent)			1.50%
Term loan | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Principal amount of debt		$ 101		€ 92
Debt term		364 days
Term loan | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | EURIBOR
Debt
Basis spread (as a percent)		0.75%
Term loan | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | EURIBOR Floor
Debt
Basis spread (as a percent)		0.00%

DEBT - ACCOUNT RECEIVABLE PROGR

DEBT - ACCOUNT RECEIVABLE PROGRAMS (Details) € in Millions, $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2020EUR (€)	Jan. 03, 2020USD ($)	Jan. 02, 2020USD ($)	Dec. 31, 2019USD ($)
Debt
Debt outstanding	$ 2,177				$ 2,389
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Debt outstanding	2,177				2,769
Accounts receivable programs | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Accounts receivable pledged as collateral	190				$ 221
U.S. A/R Program Maturing April 2022 | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Maximum Funding Availability	150		$ 150	$ 250
Amount of letter of credit and bank guarantees issued and outstanding	5
EU A/R Program Maturing April 2022 | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Maximum Funding Availability	112	€ 100
Debt outstanding	$ 34	€ 30
USD LIBOR or CP | U.S. A/R Program Maturing April 2022 | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Basis spread (as a percent)	0.90%
GDP LIBOR, USD LIBOR, or EURIBOR | EU A/R Program Maturing April 2022 | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Basis spread (as a percent)	1.30%

DEBT - NOTES (Details)

DEBT - NOTES (Details) - USD ($) $ in Millions	Mar. 27, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019	Mar. 13, 2019
Debt
Loss on early extinguishment of debt				$ 23
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Loss on early extinguishment of debt				$ 23
2020 Senior Notes | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Early repayment of debt	$ 650
Interest rate (as a percent)	4.875%
Debt costs associated with redeemed debt	$ 21
Debt accrued interest	$ 12
Loss on early extinguishment of debt		$ 23
2029 Senior Notes | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Face amount					$ 750
Interest rate (as a percent)			4.50%		4.50%
Percentage of principal amount at which the entity may redeem debt			100.00%

DEBT - INTERCOMPANY NOTES (Deta

DEBT - INTERCOMPANY NOTES (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Mar. 31, 2020	Jun. 30, 2020	Jun. 30, 2019
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Repayments of notes payable to affiliate	$ 380	$ 380	$ 115

DERIVATIVE INSTRUMENTS AND HE_2

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details) € in Millions, $ in Millions	Jan. 09, 2019USD ($)	Nov. 30, 2019USD ($)	Feb. 28, 2019USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020EUR (€)
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Notional Amounts				$ 499		€ 445
Amount of gain (loss) recognized on the hedge of net investments				$ 2	$ 3
Cash received from forward swap contract related to the sale of investment in Venator			$ 16		$ 16
Forward foreign currency contracts
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Maximum maturity period of spot or forward exchange rate contracts				1 year
Notional Amounts				$ 165
Six-year interest rate contract entered in year 2019 | Designated as Hedging Instrument
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Hedging period of interest rate contract	6 years
Notional Amounts	$ 17
Fixed rate	2.66%
Amount paid to counterparties		$ 1

FAIR VALUE - FAIR VALUES OF FIN

FAIR VALUE - FAIR VALUES OF FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Carrying Amount
Fair values of financial instruments
Non-qualified employee benefit plan investments	$ 22	$ 28
Long-term debt (including current portion)	(2,177)	(2,389)
Estimated Fair Value
Fair values of financial instruments
Non-qualified employee benefit plan investments	22	28
Long-term debt (including current portion)	$ (2,288)	$ (2,544)

FAIR VALUE - INSTRUMENTS MEASUR

FAIR VALUE - INSTRUMENTS MEASURED AT FAIR VALUE ON A RECURRING BASIS AND NON-RECURRING BASIS (Details) $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)item
Reconciliation of beginning and ending balances for assets measured at fair value on a recurring basis
Number of instruments categorized as Level 3 | item	0
Recurring basis
Reconciliation of beginning and ending balances for assets measured at fair value on a recurring basis
Included in earnings | $	$ 0

REVENUE RECOGNITION (Details)

REVENUE RECOGNITION (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Disaggregation of revenue
Practical expedient - incremental cost			true
Practical expedient - financing component			true
Total revenues	$ 1,247	$ 1,784	$ 2,840	$ 3,453
MDI Urethanes
Disaggregation of revenue
Total revenues	730	1,014	1,618	1,938
Differentiated
Disaggregation of revenue
Total revenues	228	299	520	599
Specialty
Disaggregation of revenue
Total revenues	172	231	383	461
Non-specialty
Disaggregation of revenue
Total revenues	20	44	50	86
Textile Chemicals and Dyes and Digital Inks
Disaggregation of revenue
Total revenues	102	215	282
U.S. and Canada
Disaggregation of revenue
Total revenues	450	620	1,022	1,162
Europe
Disaggregation of revenue
Total revenues	327	478	778	998
Asia Pacific
Disaggregation of revenue
Total revenues	384	539	812	998
Rest of world
Disaggregation of revenue
Total revenues	86	147	228	295
Operating segments | Polyurethanes
Disaggregation of revenue
Total revenues	730	1,014	1,618	1,938
Operating segments | Polyurethanes | MDI Urethanes
Disaggregation of revenue
Total revenues	730	1,014	1,618	1,938
Operating segments | Polyurethanes | U.S. and Canada
Disaggregation of revenue
Total revenues	295	396	665	732
Operating segments | Polyurethanes | Europe
Disaggregation of revenue
Total revenues	183	260	428	530
Operating segments | Polyurethanes | Asia Pacific
Disaggregation of revenue
Total revenues	210	279	409	516
Operating segments | Polyurethanes | Rest of world
Disaggregation of revenue
Total revenues	42	79	116	160
Operating segments | Performance Products
Disaggregation of revenue
Total revenues	228	299	520	599
Operating segments | Performance Products | Differentiated
Disaggregation of revenue
Total revenues	228	299	520	599
Operating segments | Performance Products | U.S. and Canada
Disaggregation of revenue
Total revenues	100	137	229	272
Operating segments | Performance Products | Europe
Disaggregation of revenue
Total revenues	53	82	127	175
Operating segments | Performance Products | Asia Pacific
Disaggregation of revenue
Total revenues	61	63	131	119
Operating segments | Performance Products | Rest of world
Disaggregation of revenue
Total revenues	14	17	33	33
Operating segments | Advanced Materials
Disaggregation of revenue
Total revenues	192	275	433	547
Operating segments | Advanced Materials | Specialty
Disaggregation of revenue
Total revenues	172	231	383	461
Operating segments | Advanced Materials | Non-specialty
Disaggregation of revenue
Total revenues	20	44	50	86
Operating segments | Advanced Materials | U.S. and Canada
Disaggregation of revenue
Total revenues	52	77	115	150
Operating segments | Advanced Materials | Europe
Disaggregation of revenue
Total revenues	72	108	173	229
Operating segments | Advanced Materials | Asia Pacific
Disaggregation of revenue
Total revenues	51	71	107	132
Operating segments | Advanced Materials | Rest of world
Disaggregation of revenue
Total revenues	17	19	38	36
Operating segments | Textile Effects
Disaggregation of revenue
Total revenues	102	215	282	404
Operating segments | Textile Effects | Textile Chemicals and Dyes and Digital Inks
Disaggregation of revenue
Total revenues	102	215	282
Operating segments | Textile Effects | U.S. and Canada
Disaggregation of revenue
Total revenues	7	16	24	33
Operating segments | Textile Effects | Europe
Disaggregation of revenue
Total revenues	19	36	51	70
Operating segments | Textile Effects | Asia Pacific
Disaggregation of revenue
Total revenues	62	127	165	232
Operating segments | Textile Effects | Rest of world
Disaggregation of revenue
Total revenues	14	36	42	69
Corporate and eliminations
Disaggregation of revenue
Total revenues	(5)	(19)	(13)	(35)
Corporate and eliminations | Textile Chemicals and Dyes and Digital Inks
Disaggregation of revenue
Total revenues				404
Corporate and eliminations | U.S. and Canada
Disaggregation of revenue
Total revenues	(4)	(6)	(11)	(25)
Corporate and eliminations | Europe
Disaggregation of revenue
Total revenues		(8)	(1)	(6)
Corporate and eliminations | Asia Pacific
Disaggregation of revenue
Total revenues		(1)		(1)
Corporate and eliminations | Rest of world
Disaggregation of revenue
Total revenues	$ (1)	$ (4)	$ (1)	(3)
Corporate and eliminations | Textile Effects | Textile Chemicals and Dyes and Digital Inks
Disaggregation of revenue
Total revenues				$ 404

EMPLOYEE BENEFIT PLANS (Details

EMPLOYEE BENEFIT PLANS (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Components of net periodic benefit cost
Amortization of actuarial loss	$ 19	$ 16	$ 37	$ 33
Contributions to pension and other postretirement benefit plans			46	38
Expected contributions to pension and other postretirement benefit plans during remainder of the year	41		41
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Components of net periodic benefit cost
Amortization of actuarial loss	21	17	39	35
Defined Benefit Plans
Components of net periodic benefit cost
Service cost	12	12	26	25
Interest cost	16	20	31	40
Expected return on assets	(42)	(39)	(85)	(78)
Amortization of prior service benefit	(1)	(1)	(3)	(3)
Amortization of actuarial loss	19	17	39	34
Net periodic benefit cost	4	9	8	18
Defined Benefit Plans | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Components of net periodic benefit cost
Service cost	12	12	26	25
Interest cost	16	20	31	40
Expected return on assets	(42)	(39)	(85)	(78)
Amortization of prior service benefit	(1)	(1)	(3)	(3)
Amortization of actuarial loss	20	19	41	36
Net periodic benefit cost	5	11	10	20
Other Postretirement Benefit Plans
Components of net periodic benefit cost
Service cost	1	1	1	1
Interest cost			1	1
Amortization of prior service benefit	(1)	(1)	(2)	(2)
Other Postretirement Benefit Plans | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Components of net periodic benefit cost
Service cost	1	1	1	1
Interest cost			1	1
Amortization of prior service benefit	$ (1)	$ (1)	$ (2)	$ (2)

HUNTSMAN CORPORATION STOCKHOL_2

HUNTSMAN CORPORATION STOCKHOLDERS EQUITY (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019	May 03, 2018
SHARE REPURCHASE PROGRAM
Number of shares repurchased		5,364,519
Value of repurchase of common stock, excluding commission		$ 96	$ 81	$ 34
DIVIDENDS ON COMMON STOCK
Cash dividends paid	$ 36	$ 37	$ 38	$ 39	$ 73	$ 77
Cash dividends paid (in dollars per share)	$ 0.1625	$ 0.1625	$ 0.1625	$ 0.1625
Share Repurchase Program 2015
SHARE REPURCHASE PROGRAM
Remaining amount authorized for repurchase							$ 50
Share Repurchase Program 2018 | Maximum
SHARE REPURCHASE PROGRAM
Value authorized to be repurchased							$ 950

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE LOSS - COMPONENTS AND CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS - HUNTSMAN CORPORATION (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Dec. 31, 2018
Components of other comprehensive income
Balance at the beginning of the period	$ 3,383	$ 2,824	$ 2,863	$ 2,749	$ 2,824	$ 2,749	$ 2,749
Other comprehensive income (loss), net of tax	29	(21)	(9)	54	8	45
Balance at the end of the period	3,324	3,383	2,820	2,863	3,324	2,820	2,824	$ 2,749
Total
Components of other comprehensive income
Balance at the beginning of the period		(1,388)		(1,352)	(1,388)	(1,352)	(1,352)
Other comprehensive (loss) income before reclassifications, gross					(44)	19
Tax benefit (expense)					(6)	1
Amounts reclassified from accumulated other comprehensive loss, gross					75	31
Tax benefit (expense)					(17)	(6)
Other comprehensive income (loss), net of tax					8	45
Balance at the end of the period	(1,380)		(1,307)		(1,380)	(1,307)	(1,388)	(1,352)
Foreign currency translation adjustment
Components of other comprehensive income
Balance at the beginning of the period		(369)		(371)	(369)	(371)	(371)
Other comprehensive (loss) income before reclassifications, gross					(52)	19
Tax benefit (expense)					(4)	1
Other comprehensive income (loss), net of tax					(56)	20
Balance at the end of the period	(425)		(351)		(425)	(351)	(369)	(371)
Foreign currency translation adjustment, tax					72	70	68	71
Pension and other postretirement benefits adjustments
Components of other comprehensive income
Balance at the beginning of the period		(1,031)		(994)	(1,031)	(994)	(994)
Other comprehensive (loss) income before reclassifications, gross					8
Tax benefit (expense)					(2)
Amounts reclassified from accumulated other comprehensive loss, gross	17		16		75	31
Tax benefit (expense)	(3)		(3)		(17)	(6)
Other comprehensive income (loss), net of tax					64	25
Balance at the end of the period	(967)		(969)		(967)	(969)	(1,031)	(994)
Pension and other postretirement benefits adjustments, tax					129	129	148	135
Other comprehensive income of unconsolidated affiliates
Components of other comprehensive income
Balance at the beginning of the period		8		8	8	8	8
Balance at the end of the period	8		8		8	8	8	8
Other, net
Components of other comprehensive income
Balance at the beginning of the period		4		5	4	5	5
Balance at the end of the period	4		5		4	5	4	5
Amounts attributable to noncontrolling interests
Components of other comprehensive income
Balance at the beginning of the period		26		36	26	36	36
Balance at the end of the period	26		36		26	36	26	36
Accumulated other comprehensive loss
Components of other comprehensive income
Balance at the beginning of the period	(1,383)	(1,362)	(1,264)	(1,316)	(1,362)	(1,316)	(1,316)
Other comprehensive (loss) income before reclassifications, gross					(44)	19
Tax benefit (expense)					(6)	1
Amounts reclassified from accumulated other comprehensive loss, gross					75	31
Tax benefit (expense)					(17)	(6)
Other comprehensive income (loss), net of tax	29	(21)	(7)	52	8	45
Balance at the end of the period	$ (1,354)	$ (1,383)	$ (1,271)	$ (1,264)	$ (1,354)	$ (1,271)	$ (1,362)	$ (1,316)

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE LOSS - RECLASSIFICATION DETAILS - HUNTSMAN CORPORATION (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Pension and other postretirement benefits adjustments
Reclassification from accumulated other comprehensive loss
Total before tax	$ 17	$ 16	$ 75	$ 31
Income tax expense	(3)	(3)	(17)	(6)
Net of tax	14	13	58	25
Prior service credit
Reclassification from accumulated other comprehensive loss
Total before tax	(2)	(3)	(5)	(6)
Settlement loss
Reclassification from accumulated other comprehensive loss
Total before tax			41
Actuarial loss
Reclassification from accumulated other comprehensive loss
Total before tax	19	19	39	37
Actuarial loss | Discontinued Operations
Reclassification from accumulated other comprehensive loss
Total before tax	$ 2	$ 0	$ 3	$ 1

ACCUMULATED OTHER COMPREHENSI_5

ACCUMULATED OTHER COMPREHENSIVE LOSS - COMPONENTS AND CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS - HUNTSMAN INTERNATIONAL (Details) - USD ($) $ in Millions	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Dec. 31, 2018
Components of other comprehensive income
Other comprehensive income (loss), net of tax	$ 29	$ (21)	$ (9)	$ 54	$ 8	$ 45
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Components of other comprehensive income
Balance at the beginning of the period	3,428	2,772	2,640	2,488	2,772	2,488	$ 2,488
Other comprehensive income (loss), net of tax	29	(20)	(8)	54	9	46
Balance at the end of the period	3,369	3,428	2,676	2,640	3,369	2,676	2,772	$ 2,488
Total
Components of other comprehensive income
Other comprehensive (loss) income before reclassifications, gross					(44)	19
Tax benefit					(6)	1
Amounts reclassified from accumulated other comprehensive loss, gross					75	31
Tax benefit (expense)					(17)	(6)
Other comprehensive income (loss), net of tax					8	45
Total | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Components of other comprehensive income
Balance at the beginning of the period		(1,378)		(1,344)	(1,378)	(1,344)	(1,344)
Other comprehensive (loss) income before reclassifications, gross					(45)	19
Tax benefit					(6)	1
Amounts reclassified from accumulated other comprehensive loss, gross					77	33
Tax benefit (expense)					(17)	(7)
Other comprehensive income (loss), net of tax					9	46
Balance at the end of the period	(1,369)		(1,298)		(1,369)	(1,298)	(1,378)	(1,344)
Foreign currency translation adjustment
Components of other comprehensive income
Other comprehensive (loss) income before reclassifications, gross					(52)	19
Tax benefit					(4)	1
Other comprehensive income (loss), net of tax					(56)	20
Foreign currency translation adjustment, tax					72	70	68	71
Foreign currency translation adjustment | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Components of other comprehensive income
Balance at the beginning of the period		(374)		(376)	(374)	(376)	(376)
Other comprehensive (loss) income before reclassifications, gross					(53)	19
Tax benefit					(4)	1
Other comprehensive income (loss), net of tax					(57)	20
Balance at the end of the period	(431)		(356)		(431)	(356)	(374)	(376)
Foreign currency translation adjustment, tax					59	56	55	57
Pension and other postretirement benefits adjustments
Components of other comprehensive income
Other comprehensive (loss) income before reclassifications, gross					8
Tax benefit					(2)
Amounts reclassified from accumulated other comprehensive loss, gross	17		16		75	31
Tax benefit (expense)	(3)		(3)		(17)	(6)
Other comprehensive income (loss), net of tax					64	25
Pension and other postretirement benefits adjustments, tax					129	129	148	135
Pension and other postretirement benefits adjustments | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Components of other comprehensive income
Balance at the beginning of the period		(1,012)		(977)	(1,012)	(977)	(977)
Other comprehensive (loss) income before reclassifications, gross					8
Tax benefit					(2)
Amounts reclassified from accumulated other comprehensive loss, gross	18		17		77	33
Tax benefit (expense)	(3)		(4)		(17)	(7)
Other comprehensive income (loss), net of tax					66	26
Balance at the end of the period	(946)		(951)		(946)	(951)	(1,012)	(977)
Pension and other postretirement benefits adjustments, tax					155	154	174	161
Other comprehensive income of unconsolidated affiliates | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Components of other comprehensive income
Balance at the beginning of the period		8		8	8	8	8
Balance at the end of the period	8		8		8	8	8	8
Other, net | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Components of other comprehensive income
Balance at the beginning of the period				1		1	1
Balance at the end of the period			1			1		1
Amounts attributable to noncontrolling interests | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Components of other comprehensive income
Balance at the beginning of the period		26		36	26	36	36
Balance at the end of the period	26		36		26	36	26	36
Accumulated other comprehensive loss
Components of other comprehensive income
Other comprehensive (loss) income before reclassifications, gross					(44)	19
Tax benefit					(6)	1
Amounts reclassified from accumulated other comprehensive loss, gross					75	31
Tax benefit (expense)					(17)	(6)
Other comprehensive income (loss), net of tax	29	(21)	(7)	52	8	45
Accumulated other comprehensive loss | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Components of other comprehensive income
Balance at the beginning of the period	(1,372)	(1,352)	(1,256)	(1,308)	(1,352)	(1,308)	(1,308)
Other comprehensive (loss) income before reclassifications, gross					(45)	19
Tax benefit					(6)	1
Amounts reclassified from accumulated other comprehensive loss, gross					77	33
Tax benefit (expense)					(17)	(7)
Other comprehensive income (loss), net of tax	29	(20)	(6)	52	9	46
Balance at the end of the period	$ (1,343)	$ (1,372)	$ (1,262)	$ (1,256)	$ (1,343)	$ (1,262)	$ (1,352)	$ (1,308)

ACCUMULATED OTHER COMPREHENSI_6

ACCUMULATED OTHER COMPREHENSIVE LOSS - RECLASSIFICATION DETAILS - HUNTSMAN INTERNATIONAL (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Pension and other postretirement benefits adjustments
Reclassification from accumulated other comprehensive loss
Total before tax	$ 17	$ 16	$ 75	$ 31
Income tax expense	(3)	(3)	(17)	(6)
Net of tax	14	13	58	25
Pension and other postretirement benefits adjustments | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Reclassification from accumulated other comprehensive loss
Total before tax	18	17	77	33
Income tax expense	(3)	(4)	(17)	(7)
Net of tax	15	13	60	26
Prior service credit
Reclassification from accumulated other comprehensive loss
Total before tax	(2)	(3)	(5)	(6)
Prior service credit | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Reclassification from accumulated other comprehensive loss
Total before tax	(2)	(3)	(5)	(6)
Settlement loss
Reclassification from accumulated other comprehensive loss
Total before tax			41
Settlement loss | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Reclassification from accumulated other comprehensive loss
Total before tax			41
Actuarial loss
Reclassification from accumulated other comprehensive loss
Total before tax	19	19	39	37
Actuarial loss | Discontinued Operations
Reclassification from accumulated other comprehensive loss
Total before tax	2	0	3	1
Actuarial loss | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Reclassification from accumulated other comprehensive loss
Total before tax	20	20	41	39
Actuarial loss | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Discontinued Operations
Reclassification from accumulated other comprehensive loss
Total before tax	$ 2	$ 0	$ 3	$ 1

ENVIRONMENTAL, HEALTH AND SAF_2

ENVIRONMENTAL, HEALTH AND SAFETY MATTERS (Details) $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)item	Jun. 30, 2019USD ($)	Dec. 31, 2019USD ($)
ENVIRONMENTAL, HEALTH AND SAFETY MATTERS
Capital expenditures for EHS matters	$ 12	$ 15
Accrued environmental liabilities	4		$ 4
Environmental liabilities, classified as accrued liabilities	1		1
Environmental liabilities, classified as other noncurrent liabilities	$ 3		$ 3
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	9

STOCK-BASED COMPENSATION PLAN_2

STOCK-BASED COMPENSATION PLANS - COMPENSATION COST AND STOCK OPTIONS (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
STOCK-BASED COMPENSATION PLANS
Compensation cost	$ 7	$ 7	$ 14	$ 15
Total income tax benefit recognized in the statements of operations for stock-based compensation arrangements			$ 1	$ 2
2016 Stock Incentive Plan
STOCK-BASED COMPENSATION PLANS
Shares available for grant	7,000		7,000
Stock options
Weighted average of the assumptions utilized for stock options granted
Dividend yield (as a percent)			3.00%	2.90%
Expected volatility (as a percent)			53.10%	54.00%
Risk-free interest rate (as a percent)			1.50%	2.50%
Expected life of stock options granted during the period			5 years 10 months 24 days	5 years 10 months 24 days
Shares
Outstanding at the beginning of the period (in shares)			5,025
Granted (in shares)	0	0	750
Exercised (in shares)			(255)
Forfeited (in shares)			(25)
Outstanding at the end of the period (in shares)	5,495		5,495
Exercisable at the end of the period (in shares)	4,043		4,043
Weighted Average Exercise Price
Outstanding at the beginning of the period (in dollars per share)			$ 19.08
Granted (in dollars per share)			21.54
Exercised (in dollars per share)			11.29
Forfeited (in dollars per share)			24.38
Outstanding at the end of the period (in dollars per share)	$ 19.75		19.75
Exercisable at the end of the period (in dollars per share)	$ 18.54		$ 18.54
Outstanding, Weighted Average Remaining Contractual Term (years)			6 years 2 months 12 days
Exercisable, Weighted Average Remaining Contractual Term (years)			5 years 1 month 6 days
Outstanding, Aggregate Intrinsic Value (in dollars)	$ 10		$ 10
Exercisable, Aggregate Intrinsic Value (in dollars)	10		$ 10
Weighted-average grant-date fair value of stock options granted (in dollars per share)			$ 8.27
Total unrecognized compensation cost	10		$ 10
Weighted-average period over which cost is expected to be recognized (years)			2 years
Total intrinsic value of stock options exercised			$ 2	$ 2
Cash received from stock options exercised			1	1
Cash tax benefit from stock options exercised			$ 1	0
Stock options | Maximum
STOCK-BASED COMPENSATION PLANS
Contractual term			10 years
Outstanding stock-based awards
STOCK-BASED COMPENSATION PLANS
Vesting period			3 years
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
STOCK-BASED COMPENSATION PLANS
Compensation cost	$ 7	$ 7	$ 13	14
Total income tax benefit recognized in the statements of operations for stock-based compensation arrangements			$ 1	$ 2

STOCK-BASED COMPENSATION PLAN_3

STOCK-BASED COMPENSATION PLANS - NONVESTED SHARES (Details) - USD ($) $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Nonvested shares
Additional information
Total unrecognized compensation cost	$ 31
Weighted-average period over which cost is expected to be recognized (years)	2 years 1 month 6 days
Value of share awards vested	$ 24	$ 24
Performance Awards
STOCK-BASED COMPENSATION PLANS
Weighted-average expected volatility rate	34.00%	34.60%
Weighted-average risk-free interest rate (as a percent)	1.40%	2.50%
Additional information
Performance period	3 years	3 years
Number of target shares awarded for grant	174,200
Number of shares vested above target	165,489
Grant date fair value of shares vested above target	$ 26.99
Equity Awards
Shares
Nonvested at the beginning of the period (in shares)	1,640,000
Granted (in shares)	833,000
Vested (in shares)	(569,000)
Forfeited (in shares)	(4,000)
Nonvested at the end of the period (in shares)	1,900,000
Weighted Average Grant-Date Fair Value
Nonvested at the beginning of the period (in dollars per share)	$ 24.61
Granted (in dollars per share)	21.93
Vested (in dollars per share)	25.17
Forfeited (in dollars per share)	25.49
Nonvested at the end of the period (in dollars per share)	$ 23.27
Liability Awards
Shares
Nonvested at the beginning of the period (in shares)	427,000
Granted (in shares)	238,000
Vested (in shares)	(218,000)
Forfeited (in shares)	(10,000)
Nonvested at the end of the period (in shares)	437,000
Weighted Average Grant-Date Fair Value
Nonvested at the beginning of the period (in dollars per share)	$ 24.80
Granted (in dollars per share)	21.53
Vested (in dollars per share)	24.64
Forfeited (in dollars per share)	23.82
Nonvested at the end of the period (in dollars per share)	$ 23.12
Restricted stock units
Shares
Vested (in shares)	(37,761)
Additional information
Units vested but not yet issued	426,856

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
INCOME TAXES
Income tax benefit (expense)-continuing operations	$ 13	$ (38)	$ 6	$ (83)
Nonoperating Income
INCOME TAXES
Loss (gain) on fair value adjustments to Venator investment not subject to tax			106	(58)
Switzerland
INCOME TAXES
Decrease in net deferred tax assets				32
Decrease in noncash tax expense				32
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
INCOME TAXES
Income tax benefit (expense)-continuing operations	$ 13	$ (37)	$ 6	$ (81)

EARNINGS PER SHARE - BASIC AND

EARNINGS PER SHARE - BASIC AND DILUTED INCOME PER SHARE (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Numerator:
(Loss) income from continuing operations attributable to Huntsman Corporation	$ (67)	$ 75	$ (139)	$ 171
Net (loss) income attributable to Huntsman Corporation	$ (62)	$ 110	$ 643	$ 229
Denominator:
Weighted average shares outstanding	219.7	230.6	221.4	231.9
Dilutive shares:
Stock-based awards (in shares)		1.5		1.7
Total weighted average shares outstanding, including dilutive shares	219.7	232.1	221.4	233.6

EARNINGS PER SHARE - INFORMATIO

EARNINGS PER SHARE - INFORMATION ON STOCK-BASED AWARDS (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Outstanding stock-based awards
Antidilutive shares not included in the computation of income (loss) per share
Weighted average equivalent shares	6.6	3.8	6.3	3.5

OPERATING SEGMENT INFORMATION -

OPERATING SEGMENT INFORMATION - FINANCIAL INFORMATION BY SEGMENT (Details) $ in Millions	3 Months Ended				6 Months Ended
	Jun. 30, 2020USD ($)	Mar. 31, 2020USD ($)	Jun. 30, 2019USD ($)	Mar. 31, 2019USD ($)	Jun. 30, 2020USD ($)segment	Jun. 30, 2019USD ($)
OPERATING SEGMENT INFORMATION
Number of reportable segments | segment					4
Total revenues	$ 1,247		$ 1,784		$ 2,840	$ 3,453
Segment adjusted EBITDA	54		245		219	449
Reconciliation of adjusted EBITDA to net (loss) income:
Interest expense, net - continuing operations	(21)		(29)		(39)	(59)
Income tax benefit (expense)-continuing operations	13		(38)		6	(83)
Income tax expense-discontinued operations	(1)		(14)		(239)	(19)
Depreciation and amortization - continuing operations	(69)		(69)		(136)	(136)
Depreciation and amortization - discontinued operations			(23)			(46)
Net income attributable to noncontrolling interests	3		8		6	20
Other adjustments:
Business acquisition and integration expenses and purchase accounting inventory adjustments	(8)				(21)	(1)
EBITDA from discontinued operations	6		72		1,021	123
Fair value adjustments to Venator investment	4		(18)		(106)	58
Loss on early extinguishment of debt						(23)
Certain legal settlements and related expenses	(4)				(6)
(Loss) gain on sale of businesses/assets	(1)				1
Income from transition services arrangements	5				5
Certain nonrecurring information technology project implementation costs	(1)				(2)
Amortization of pension and postretirement actuarial losses	(19)		(16)		(37)	(33)
Plant incident remediation costs	(1)				(1)
Restructuring, impairment and plant closing and transition costs	(19)				(22)	(1)
Net (loss) income	(59)	$ 708	118	$ 131	649	249
Operating segments | Polyurethanes
OPERATING SEGMENT INFORMATION
Total revenues	730		1,014		1,618	1,938
Segment adjusted EBITDA	31		156		115	280
Operating segments | Performance Products
OPERATING SEGMENT INFORMATION
Total revenues	228		299		520	599
Segment adjusted EBITDA	29		42		87	87
Operating segments | Advanced Materials
OPERATING SEGMENT INFORMATION
Total revenues	192		275		433	547
Segment adjusted EBITDA	30		55		78	108
Operating segments | Textile Effects
OPERATING SEGMENT INFORMATION
Total revenues	102		215		282	404
Segment adjusted EBITDA	(4)		28		16	50
Corporate and eliminations
OPERATING SEGMENT INFORMATION
Total revenues	(5)		(19)		(13)	(35)
Corporate and other
OPERATING SEGMENT INFORMATION
Segment adjusted EBITDA	(32)		(36)		(77)	(76)
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
OPERATING SEGMENT INFORMATION
Total revenues	1,247		1,784		2,840	3,453
Segment adjusted EBITDA	56		246		222	452
Reconciliation of adjusted EBITDA to net (loss) income:
Interest expense, net - continuing operations	(21)		(33)		(41)	(68)
Income tax benefit (expense)-continuing operations	13		(37)		6	(81)
Income tax expense-discontinued operations	(1)		(14)		(239)	(19)
Depreciation and amortization - continuing operations	(69)		(69)		(136)	(136)
Depreciation and amortization - discontinued operations			(23)			(46)
Net income attributable to noncontrolling interests	3		8		6	20
Other adjustments:
Business acquisition and integration expenses and purchase accounting inventory adjustments	(8)				(21)	(1)
EBITDA from discontinued operations	6		72		1,021	123
Fair value adjustments to Venator investment	4		(18)		(106)	58
Loss on early extinguishment of debt						(23)
Certain legal settlements and related expenses	(4)				(6)
(Loss) gain on sale of businesses/assets	(1)				1
Income from transition services arrangements	5				5
Certain nonrecurring information technology project implementation costs	(1)				(2)
Amortization of pension and postretirement actuarial losses	(21)		(17)		(39)	(35)
Plant incident remediation costs	(1)				(1)
Restructuring, impairment and plant closing and transition costs	(19)				(22)	(1)
Net (loss) income	(59)	$ 707	115	$ 128	648	243
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Operating segments | Polyurethanes
OPERATING SEGMENT INFORMATION
Segment adjusted EBITDA	31		156		115	280
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Operating segments | Performance Products
OPERATING SEGMENT INFORMATION
Segment adjusted EBITDA	29		42		87	87
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Operating segments | Advanced Materials
OPERATING SEGMENT INFORMATION
Segment adjusted EBITDA	30		55		78	108
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Operating segments | Textile Effects
OPERATING SEGMENT INFORMATION
Segment adjusted EBITDA	(4)		28		16	50
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Corporate and other
OPERATING SEGMENT INFORMATION
Segment adjusted EBITDA	$ (30)		$ (35)		$ (74)	$ (73)