Huntsman (HUN) 10-Q 1 May 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2018	Apr. 19, 2018
Document and Entity Information
Entity Registrant Name	Huntsman CORP
Entity Central Index Key	1,307,954
Document Type	10-Q
Document Period End Date	Mar. 31, 2018
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		239,180,054
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions		Mar. 31, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	[1]	$ 444	$ 470
Restricted cash	[1]	9	11
Accounts and notes receivable (net of allowance for doubtful accounts of $27 and $25, respectively), ($415 and $334 pledged as collateral, respectively)	[1]	1,374	1,256
Accounts receivable from affiliates		33	27
Inventories	[1]	1,203	1,073
Prepaid expenses		69	60
Other current assets	[1]	193	202
Current assets held for sale		3,060	2,880
Total current assets		6,385	5,979
Property, plant and equipment, net	[1]	3,117	3,098
Investment in unconsolidated affiliates		284	266
Intangible assets, net	[1]	55	56
Goodwill		141	140
Deferred income taxes		212	208
Other noncurrent assets	[1]	509	497
Total assets		10,703	10,244
Current liabilities:
Accounts payable	[1]	961	946
Accounts payable to affiliates		32	18
Accrued liabilities	[1]	533	569
Current portion of debt	[1]	36	40
Current liabilities held for sale		1,721	1,692
Total current liabilities		3,283	3,265
Long-term debt	[1]	2,298	2,258
Deferred income taxes		269	264
Other noncurrent liabilities	[1]	1,084	1,086
Total liabilities		6,934	6,873
Commitments and contingencies (Notes 14 and 15)
Huntsman Corporation stockholders' equity or Huntsman International LLC members' equity:
Common stock $0.01 par value, 1,200,000,000 shares authorized, 254,124,395 and 252,759,715 shares issued and 239,831,871 and 240,213,606 shares outstanding, respectively		3	3
Additional paid-in capital		3,939	3,889
Treasury stock, 14,292,523 and 12,607,223 shares, respectively		(201)	(150)
Unearned stock-based compensation		(26)	(15)
Retained earnings		393	161
Accumulated other comprehensive loss		(1,198)	(1,268)
Total Huntsman Corporation stockholders' equity		2,910	2,620
Noncontrolling interests in subsidiaries		859	751
Total equity		3,769	3,371
Total liabilities and equity		10,703	10,244
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Current assets:
Cash and cash equivalents	[1]	444	468
Restricted cash	[1]	9	11
Accounts and notes receivable (net of allowance for doubtful accounts of $27 and $25, respectively), ($415 and $334 pledged as collateral, respectively)	[1]	1,374	1,255
Accounts receivable from affiliates		393	373
Inventories	[1]	1,203	1,073
Prepaid expenses		68	59
Other current assets	[1]	196	204
Current assets held for sale		3,060	2,880
Total current assets		6,747	6,323
Property, plant and equipment, net	[1]	3,115	3,095
Investment in unconsolidated affiliates		284	266
Intangible assets, net	[1]	55	56
Goodwill		141	140
Deferred income taxes		212	208
Other noncurrent assets	[1]	511	497
Total assets		11,065	10,585
Current liabilities:
Accounts payable	[1]	961	946
Accounts payable to affiliates		89	70
Accrued liabilities	[1]	531	566
Notes payable to affiliates		100	100
Current portion of debt	[1]	36	40
Current liabilities held for sale		1,721	1,692
Total current liabilities		3,438	3,414
Long-term debt	[1]	2,298	2,258
Notes payable to affiliates		702	742
Deferred income taxes		271	265
Other noncurrent liabilities	[1]	1,077	1,072
Total liabilities		7,786	7,751
Commitments and contingencies (Notes 14 and 15)
Huntsman Corporation stockholders' equity or Huntsman International LLC members' equity:
Members' equity, 2,728 units issued and outstanding		3,639	3,616
Retained earnings		(28)	(270)
Accumulated other comprehensive loss		(1,191)	(1,263)
Total Huntsman International LLC members' equity		2,420	2,083
Noncontrolling interests in subsidiaries		859	751
Total equity		3,279	2,834
Total liabilities and equity		$ 11,065	$ 10,585
[1]	At March 31, 2018 and December 31, 2017, respectively, $13 and $15 of cash and cash equivalents, $9 and $11 of restricted cash, $38 and $35 of accounts and notes receivable (net), $52 and $46 of inventories, $7 each of other current assets, $265 and $283 of property, plant and equipment (net), $10 each of intangible assets (net), $57 and $43 of other noncurrent assets, $91 and $109 of accounts payable, $32 each of accrued liabilities, $22 and $21 of current portion of debt, $83 and $86 of longterm debt, and $99 and $98 of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 5. Variable Interest Entities.”

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions		Mar. 31, 2018	Dec. 31, 2017
Accounts and notes receivable, allowance for doubtful accounts (in dollars)		$ 27	$ 25
Accounts and notes receivable, pledged as collateral (in dollars)		$ 415	$ 334
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		254,124,395	252,759,715
Common stock, shares outstanding		239,831,871	240,213,606
Treasury stock, shares		14,292,523	12,607,223
Variable Interest Entity
Cash and cash equivalents from continuing operations at beginning of period	[1]	$ 444	$ 470
Restricted cash	[1]	9	11
Accounts and notes receivable (net)	[1]	1,374	1,256
Inventories	[1]	1,203	1,073
Other current assets	[1]	193	202
Property, plant and equipment (net)	[1]	3,117	3,098
Intangible assets (net)	[1]	55	56
Other noncurrent assets	[1]	509	497
Accounts payable	[1]	961	946
Accrued liabilities	[1]	533	569
Current portion of debt	[1]	36	40
Long-term debt	[1]	2,298	2,258
Other noncurrent liabilities	[1]	1,084	1,086
Consolidated VIE's
Variable Interest Entity
Cash and cash equivalents from continuing operations at beginning of period		13	15
Restricted cash		9	11
Accounts and notes receivable (net)		38	35
Inventories		52	46
Other current assets		7	7
Property, plant and equipment (net)		265	283
Intangible assets (net)		10	10
Other noncurrent assets		57	43
Accounts payable		91	109
Accrued liabilities		32	32
Current portion of debt		22	21
Long-term debt		83	86
Other noncurrent liabilities		99	98
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Accounts and notes receivable, allowance for doubtful accounts (in dollars)		27	25
Accounts and notes receivable, pledged as collateral (in dollars)		$ 415	$ 334
Members' equity, units issued (in units)		2,728	2,728
Members' equity, units outstanding (in units)		2,728	2,728
Variable Interest Entity
Cash and cash equivalents from continuing operations at beginning of period	[1]	$ 444	$ 468
Restricted cash	[1]	9	11
Accounts and notes receivable (net)	[1]	1,374	1,255
Inventories	[1]	1,203	1,073
Other current assets	[1]	196	204
Property, plant and equipment (net)	[1]	3,115	3,095
Intangible assets (net)	[1]	55	56
Other noncurrent assets	[1]	511	497
Accounts payable	[1]	961	946
Accrued liabilities	[1]	531	566
Current portion of debt	[1]	36	40
Long-term debt	[1]	2,298	2,258
Other noncurrent liabilities	[1]	1,077	1,072
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Consolidated VIE's
Variable Interest Entity
Cash and cash equivalents from continuing operations at beginning of period		13	15
Restricted cash		9	11
Accounts and notes receivable (net)		38	35
Inventories		52	46
Other current assets		7	7
Property, plant and equipment (net)		265	283
Intangible assets (net)		10	10
Other noncurrent assets		57	43
Accounts payable		91	109
Accrued liabilities		32	32
Current portion of debt		22	21
Long-term debt		83	86
Other noncurrent liabilities		$ 99	$ 98
[1]	At March 31, 2018 and December 31, 2017, respectively, $13 and $15 of cash and cash equivalents, $9 and $11 of restricted cash, $38 and $35 of accounts and notes receivable (net), $52 and $46 of inventories, $7 each of other current assets, $265 and $283 of property, plant and equipment (net), $10 each of intangible assets (net), $57 and $43 of other noncurrent assets, $91 and $109 of accounts payable, $32 each of accrued liabilities, $22 and $21 of current portion of debt, $83 and $86 of longterm debt, and $99 and $98 of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 5. Variable Interest Entities.”

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenues:
Revenues	$ 2,295	$ 1,932
Cost of goods sold	1,755	1,542
Gross profit	540	390
Operating expenses:
Selling, general and administrative	192	192
Research and development	38	34
Restructuring, impairment and plant closing costs	2	9
Other operating expense (income), net	12	(7)
Total operating expenses	244	228
Operating income	296	162
Interest expense	(27)	(48)
Equity in income of investment in unconsolidated affiliates	13
Other income, net	7	4
Income from continuing operations before income taxes	289	118
Income tax expense	(53)	(19)
Income from continuing operations	236	99
Income (loss) from discontinued operations, net of tax	114	(7)
Net income	350	92
Net income attributable to noncontrolling interests	(76)	(16)
Net income attributable to Huntsman Corporation or Huntsman International LLC	$ 274	$ 76
Basic income (loss) per share:
Income from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share)	$ 0.66	$ 0.35
Income (loss) from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax x (in dollars per share)	0.48	(0.03)
Net income attributable to Huntsman Corporation common stockholders (in dollars per share)	$ 1.14	$ 0.32
Weighted average shares (in shares)	240.8	237.4
Diluted income (loss) per share:
Income from continuing operations attributable to Huntsman Corporation common stockholders (in dollars per share)	$ 0.65	$ 0.34
Income (loss) from discontinued operations attributable to Huntsman Corporation common stockholders, net of tax	0.46	(0.03)
Net income attributable to Huntsman Corporation common stockholders (in dollars per share)	$ 1.11	$ 0.31
Weighted average shares (in shares)	245.9	242.5
Amounts attributable to Huntsman Corporation common stockholders:
Income from continuing operations	$ 160	$ 83
Income (loss) from discontinued operations, net of tax	114	(7)
Net income attributable to Huntsman Corporation or Huntsman International LLC	$ 274	$ 76
Dividends per share (in dollars per share)	$ 0.1625	$ 0.125
Third Party Customers
Revenues:
Revenues	$ 2,255	$ 1,891
Related Party Customers
Revenues:
Revenues	40	41
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Revenues:
Revenues	2,295	1,932
Cost of goods sold	1,754	1,540
Gross profit	541	392
Operating expenses:
Selling, general and administrative	191	190
Research and development	38	34
Restructuring, impairment and plant closing costs	2	9
Other operating expense (income), net	12	(6)
Total operating expenses	243	227
Operating income	298	165
Interest expense	(32)	(51)
Equity in income of investment in unconsolidated affiliates	13
Other income, net	6	4
Income from continuing operations before income taxes	285	118
Income tax expense	(52)	(19)
Income from continuing operations	233	99
Income (loss) from discontinued operations, net of tax	114	(8)
Net income	347	91
Net income attributable to noncontrolling interests	(76)	(16)
Net income attributable to Huntsman Corporation or Huntsman International LLC	271	75
Amounts attributable to Huntsman Corporation common stockholders:
Net income attributable to Huntsman Corporation or Huntsman International LLC	271	75
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Third Party Customers
Revenues:
Revenues	2,255	1,891
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Related Party Customers
Revenues:
Revenues	$ 40	$ 41

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Net income	$ 350	$ 92
Other comprehensive income, net of tax:
Foreign currency translations adjustments	87	77
Pension and other postretirement benefits adjustments	25	18
Other, net	(9)	2
Other comprehensive income, net of tax	103	97
Comprehensive income	453	189
Comprehensive income attributable to noncontrolling interests	(83)	(18)
Comprehensive income attributable to Huntsman Corporation	370	171
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Net income	347	91
Other comprehensive income, net of tax:
Foreign currency translations adjustments	85	77
Pension and other postretirement benefits adjustments	25	20
Other, net	(5)	2
Other comprehensive income, net of tax	105	99
Comprehensive income	452	190
Comprehensive income attributable to noncontrolling interests	(83)	(18)
Comprehensive income attributable to Huntsman Corporation	$ 369	$ 172

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Millions	HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIESMembers' equity	HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIESRetained earnings (accumulated deficit)	HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIESAccumulated other comprehensive (loss) income	HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIESNoncontrolling interests in subsidiaries	HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES	Common stock	Additional paid-in capital	Treasury stock	Unearned stock-based compensation	Retained earnings (accumulated deficit)	Accumulated other comprehensive (loss) income	Noncontrolling interests in subsidiaries	Total
Balance at the beginning of the period at Dec. 31, 2016						$ 3	$ 3,447	$ (150)	$ (17)	$ (325)	$ (1,671)	$ 180	$ 1,467
Balance (in shares) at Dec. 31, 2016						236,370,347
Balance at the beginning of the period at Dec. 31, 2016	$ 3,226	$ (779)	$ (1,691)	$ 180	$ 936
Balance (in units) at Dec. 31, 2016	2,728
Increase (Decrease) in Stockholders' Equity and Members' Equity
Net income		75		16	91					76		16	92
Dividends paid to parent		(30)			(30)
Other comprehensive income			97	2	99						95	2	97
Contribution from parent	$ 9				9
Issuance of nonvested stock awards							17		(17)
Vesting of stock awards							8						8
Vesting of stock awards (in shares)						1,158,884
Recognition of stock-based compensation							2		5				7
Repurchase and cancellation of stock awards										(8)			(8)
Repurchase and cancellation of stock awards (in shares)						(343,712)
Contribution from noncontrolling interests				2	2							2	2
Dividends paid to noncontrolling interests				(3)	(3)							(3)	(3)
Stock options exercised							30			(13)			17
Stock options exercised (in shares)						967,397
Dividends declared on common stock										(30)			(30)
Balance at the end of the period at Mar. 31, 2017						$ 3	3,504	(150)	(29)	(300)	(1,576)	197	1,649
Balance (in shares) at Mar. 31, 2017						238,152,916
Balance at the end of the period at Mar. 31, 2017	$ 3,235	(734)	(1,594)	197	1,104
Balance (in units) at Mar. 31, 2017	2,728
Increase (Decrease) in Stockholders' Equity and Members' Equity
Cumulative effect of changes in fair value of equity investments | Asu 2016-01		10	(10)							10	(10)
Revised beginning balance						$ 3	3,889	(150)	(15)	171	(1,278)	751	3,371
Revised beginning balance	$ 3,616	(260)	(1,273)	751	2,834
Balance at the beginning of the period at Dec. 31, 2017						$ 3	3,889	(150)	(15)	161	(1,268)	751	$ 3,371
Balance (in shares) at Dec. 31, 2017						240,213,606							240,213,606
Balance at the beginning of the period at Dec. 31, 2017	$ 3,616	(270)	(1,263)	751	$ 2,834
Balance (in units) at Dec. 31, 2017	2,728				2,728
Increase (Decrease) in Stockholders' Equity and Members' Equity
Net income		271		76	$ 347					274		76	$ 350
Dividends paid to parent		(39)			(39)
Other comprehensive income			82	23	105						80	23	103
Contribution from parent	$ 7				7
Issuance of nonvested stock awards							14		(14)
Vesting of stock awards							11						11
Vesting of stock awards (in shares)						985,493
Recognition of stock-based compensation							2		3				5
Repurchase and cancellation of stock awards										(11)			(11)
Repurchase and cancellation of stock awards (in shares)						(253,345)
Dividends paid to noncontrolling interests				(18)	(18)							(18)	(18)
Stock options exercised							7			(2)			5
Stock options exercised (in shares)						571,417
Treasury stock repurchased								(51)					$ (51)
Treasury stock repurchased (in shares)						(1,685,300)							(1,685,300)
Disposition of a portion of P and A Business	18				18		18						$ 18
Costs of the IPO and secondary offering of the P&A Business	(2)				(2)		(2)						(2)
Noncontrolling interest from partial disposal of P&A Business				27	27							27	27
Dividends declared on common stock										(39)			(39)
Balance at the end of the period at Mar. 31, 2018						$ 3	$ 3,939	$ (201)	$ (26)	$ 393	$ (1,198)	$ 859	$ 3,769
Balance (in shares) at Mar. 31, 2018						239,831,871							239,831,871
Balance at the end of the period at Mar. 31, 2018	$ 3,639	$ (28)	$ (1,191)	$ 859	$ 3,279
Balance (in units) at Mar. 31, 2018	2,728				2,728

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Operating Activities:
Net income	$ 350	$ 92
Less: (Income) loss from discontinued operations, net of tax	(114)	7
Income from continuing operations	236	99
Adjustments to reconcile income from continuing operations to net cash provided by operating activities from continuing operations:
Equity in income of investment in unconsolidated affiliates	(13)
Depreciation and amortization	82	76
Loss on disposal of businesses/assets, net	2
Noncash interest expense		4
Noncash restructuring and impairment charges	2
Deferred income taxes	2	8
Noncash loss (gain) on foreign currency transactions	5	(4)
Stock-based compensation	8	9
Other, net		(12)
Changes in operating assets and liabilities
Accounts and notes receivable	(104)	(55)
Inventories	(105)	(109)
Prepaid expenses	(8)	(2)
Other current assets	15	(14)
Other noncurrent assets	1	(7)
Accounts payable	36	83
Accrued liabilities	(42)	(16)
Other noncurrent liabilities	(6)	10
Net cash provided by operating activities from continuing operations	111	70
Net cash provided by operating activities from discontinued operations	52	23
Net cash provided by operating activities	163	93
Investing Activities:
Capital expenditures	(55)	(51)
Acquisition of a business, net of cash acquired	(14)
Other, net		4
Net cash used in investing activities from continuing operations	(69)	(47)
Net cash (used in) provided by investing activities from discontinued operations	(67)	24
Net cash used in investing activities	(136)	(23)
Financing Activities:
Net repayments on overdraft facilities	(1)
Repayments of short-term debt	(2)	(6)
Borrowings on short-term debt	2	2
Repayments of long-term debt	(4)	(7)
Proceeds from issuance of long-term debt		8
Repayments of notes payable	(9)	(5)
Dividends paid to noncontrolling interests	(18)	(3)
Contribution from noncontrolling interests		2
Dividends paid to common stockholders	(39)	(30)
Repurchase and cancellation of stock awards	(11)	(8)
Proceeds from issuance of common stock	5	17
Repurchase of common stock	(51)
Proceeds from the secondary offering of P&A Business	44
Cash paid for expenses of the offering of P&A Business	(2)
Other, net		(1)
Net cash used in financing activities	(86)	(31)
Effect of exchange rate changes on cash	16	5
(Decrease) increase in cash, cash equivalents and restricted cash	(43)	44
Cash and cash equivalents from continuing operations at beginning of period	481	396
Cash and cash equivalents from discontinued operations at beginning of period	238	29
Cash and cash equivalents at end of period	676	469
Supplemental cash flow information:
Cash paid for interest	31	36
Cash paid for income taxes	41	8
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Operating Activities:
Net income	347	91
Less: (Income) loss from discontinued operations, net of tax	(114)	8
Income from continuing operations	233	99
Adjustments to reconcile income from continuing operations to net cash provided by operating activities from continuing operations:
Equity in income of investment in unconsolidated affiliates	(13)
Depreciation and amortization	81	74
Loss on disposal of businesses/assets, net	2
Noncash interest expense	5	7
Noncash restructuring and impairment charges	2
Deferred income taxes	2	8
Noncash loss (gain) on foreign currency transactions	5	(4)
Noncash compensation	7	8
Other, net		(11)
Changes in operating assets and liabilities
Accounts and notes receivable	(105)	(55)
Inventories	(105)	(109)
Prepaid expenses	(8)	(2)
Other current assets	14	(14)
Other noncurrent assets	1	(7)
Accounts payable	31	80
Accrued liabilities	(42)	(17)
Other noncurrent liabilities	(5)	11
Net cash provided by operating activities from continuing operations	105	68
Net cash provided by operating activities from discontinued operations	52	22
Net cash provided by operating activities	157	90
Investing Activities:
Capital expenditures	(55)	(51)
Acquisition of a business, net of cash acquired	(14)
Increase in receivable in affiliate	(9)	(7)
Other, net		5
Net cash used in investing activities from continuing operations	(78)	(53)
Net cash (used in) provided by investing activities from discontinued operations	(67)	24
Net cash used in investing activities	(145)	(29)
Financing Activities:
Net repayments on overdraft facilities	(1)
Repayments of short-term debt	(2)	(6)
Borrowings on short-term debt	2	2
Repayments of long-term debt	(4)	(7)
Proceeds from issuance of long-term debt		8
Repayments of notes payable to affiliate	(40)	(5)
Proceeds from issuance of notes payable to affiliate		15
Repayments of notes payable	(9)
Dividends paid to noncontrolling interests	(18)	(3)
Contribution from noncontrolling interests		2
Dividends paid to parent	(39)	(30)
Proceeds from the secondary offering of P&A Business	44
Cash paid for expenses of the offering of P&A Business	(2)
Net cash used in financing activities	(69)	(24)
Effect of exchange rate changes on cash	16	5
(Decrease) increase in cash, cash equivalents and restricted cash	(41)	42
Cash and cash equivalents from continuing operations at beginning of period	479	395
Cash and cash equivalents from discontinued operations at beginning of period	238	29
Cash and cash equivalents at end of period	676	466
Supplemental cash flow information:
Cash paid for interest	31	36
Cash paid for income taxes	$ 41	$ 8

CONDENSED CONSOLIDATED STATEME8

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Capital expenditures in accounts payable	$ 32	$ 47
Cash paid for income taxes by P and A Business after IPO date	19	15
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Capital expenditures in accounts payable	32	47
Stock-based compensation	7	8
Cash paid for income taxes by P and A Business after IPO date	$ 19	$ 15

GENERAL

GENERAL	3 Months Ended
	Mar. 31, 2018
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 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, 2017 for our Company and Huntsman International. D escription of Business We are a global manufacturer of differentiated organic chemical products. Our products comprise a broad range of chemicals and formulations, which we market globally to a diversified group of consumer and industrial customers. Our products are used in a wide range of applications, including those in the adhesives, aerospace, automotive, construction products, personal care and hygiene, durable and non-durable consumer products, digital inks, electronics, medical, packaging, coatings and construction, power generation, refining, synthetic fiber, textile chemicals and dyes industries. We are a leading global producer in many of our key product lines, including MDI, amines, surfactants, maleic anhydride, epoxy-based polymer formulations, textile chemicals and dyes. We operate in four segments: Polyurethanes, Performance Products, Advanced Materials and Textile Effects. In August 2017, we separated our Titanium Dioxide and Performance Additives business (the “P&A Business”) through an initial public offering (“IPO”) of ordinary shares of Venator Materials PLC (“Venator”), formerly our wholly-owned subsidiary (the “Separation”). Beginning in the third quarter of 2017, we reported the results of the P&A Business as discontinued operations. See “Note 3. Discontinued Operations.” In a series of transactions beginning in 2006, we sold or shut down substantially all of our Australian styrenics operations and our North American polymers and base chemicals operations. We also report the results of these businesses as discontinued operations. C ompany Our Company, a Delaware corporation, was formed in 2004 to hold the Huntsman businesses. Jon M. Huntsman founded the predecessor to our Company in 1970 as a small packaging company. Since then, we have grown through a series of acquisitions and now own a global portfolio of businesses. Currently, we 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. 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 Certain amounts in the consolidated financial statements for prior periods have been reclassified to conform with the current presentation. These reclassifications presented the other components of net periodic pension cost and net periodic postretirement cost within other nonoperating income in accordance with Accounting Standards Update (“ASU”) No. 2017-07, Compensation—Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost . We previously presented these amounts within cost of goods sold and selling, general and administrative expenses. See “Note 2. Recently Issued Pronouncements.” Recent Developments Demilec Acquisition On April 23, 2018, we acquired Demilec (USA) Inc. and Demilec Inc. (collectively, “Demilec”) for approximately $350 million, subject to customary working capital adjustments, in an all-cash transaction (“Demilec Acquisition”), which was funded from our revolving facility (“Revolving Facility”) and our U.S. accounts receivable securitization program (“U.S. A/R Program”). Demilec is a leading North American manufacturer and distributor of spray polyurethane foam formulations for residential and commercial applications. The acquired business will be integrated into our Polyurethanes segment. The Demilec Acquisition is aligned with our Company’s stated strategy to grow its downstream polyurethanes business and leverage its global platform to expand Demilec’s portfolio of spray polyurethane foam formulations into international markets. The preliminary purchase price allocation is in its early stages, and all items are pending valuation. Share Repurchase Program On February 7, 2018, our Board of Directors authorized our Company to repurchase up to an additional $400 million in shares of our common stock in addition to the $50 million remaining under our September 2015 share repurchase authorization. During the three months ended March 31, 2018, we repurchased 1,685,300 shares of our common stock for approximately $51 million under the repurchase program. From April 1, 2018 through April 19, 2018, we repurchased an additional 1,822,315 shares of our common stock for approximately $52 million. See “Note 12. Huntsman Corporation Stockholders’ Equity.” 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	3 Months Ended
	Mar. 31, 2018
RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS
RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS	2. RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS Accounting Pronouncements Adopted During 2018 In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2014‑09, Revenue from Contracts with Customers (Topic 606) , outlining a single comprehensive model for entities to use in accounting for revenues arising from contracts with customers and supersedes most current revenue recognition guidance. In March 2016, the FASB issued ASU No. 2016‑08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) , clarifying the implementation guidance on principal versus agent considerations, in April 2016, the FASB issued ASU No. 2016‑10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing , clarifying the implementation guidance on identifying performance obligations in a contract and determining whether an entity’s promise to grant a license provides a customer with either a right to use the entity’s intellectual property (which is satisfied at a point in time) or a right to access the entity’s intellectual property (which is satisfied over time), in May 2016, the FASB issued ASU No. 2016‑12, Revenue from Customers (Topic 606): Narrow‑Scope Improvements and Practical Expedients , providing clarifications and practical expedients for certain narrow aspects in Topic 606, and in December 2016, the FASB issued ASU 2016‑20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers . The amendments in these ASUs are effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. The amendments in ASU No. 2014‑09, ASU No. 2016‑08, ASU No. 2016‑10, ASU No. 2016‑12 and ASU No. 2016‑20 should be applied retrospectively. On January 1, 2018, we adopted the amendments in ASU No. 2014‑09, ASU No. 2016‑08, ASU No. 2016‑10, ASU No. 2016‑12 and ASU No. 2016‑20 to all current revenue contracts using the modified retrospective approach, and the initial adoption of these amendments did not have an impact on our condensed consolidated financial statements. As a result of the adoption of these amendments, we revised our accounting policy for revenue recognition as detailed in “Note 10. Revenue Recognition,” and, except for the changes noted in “Note 10. Revenue Recognition,” no material changes have been made to our significant accounting policies disclosed in “Note 2. Summary of Significant Accounting Policies” of our Annual Report on Form 10-K, filed on February 23, 2018, for the year ended December 31, 2017. In January 2016, the FASB issued ASU No. 2016‑01, Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Liabilities . The amendments in this ASU require equity investments (except those accounted for under the equity method of accounting or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. The amendments allow equity investments that do not have readily determinable fair values to be remeasured at fair value either upon the occurrence of an observable price change or upon identification of an impairment. The amendments in this ASU are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. An entity should apply the amendments by means of a cumulative-effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption. On January 1, 2018, we adopted the amendments in ASU No. 2016‑01 and upon transition recorded a cumulative-effect adjustment of approximately $10 million, net of tax, relating to prior years’ changes in fair value of equity investments from other comprehensive income to retained earnings. Beginning in the first quarter of 2018, we also started recognizing the current period change in fair value of equity investments in net income. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments . The amendments in this ASU clarify and include specific guidance to address diversity in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The amendments in this ASU are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. The amendments in this ASU should be applied using a retrospective transition method to each period presented. We adopted the amendments in this ASU effective January 1, 2018, and the initial adoption of the amendments in this ASU did not have a significant impact on our condensed consolidated financial statements. In November 2016, the FASB issued ASU No. 2016‑18, Statement of Cash Flows (Topic 230): Restricted Cash . The amendments in this ASU require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning‑of‑period and end‑of‑period total amounts shown on the statement of cash flows. The amendments in this ASU are effective for fiscal years beginning after December 15, 2017, and interim period within those fiscal years. The amendments in this ASU were applied using a retrospective transition method to each period presented. We adopted the amendments in this ASU effective January 1, 2018, and the initial adoption of the amendments in this ASU did not have a significant impact on our condensed consolidated financial statements. In January 2017, the FASB issued ASU No. 2017‑01, Business Combinations (Topic 805): Clarifying the Definition of a Business . The amendments in this ASU clarify the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions or disposals of assets or businesses. The amendments in this ASU are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The amendments in this ASU should be applied prospectively on or after the effective date. No disclosures are required at transition. We adopted the amendments in this ASU effective January 1, 2018, and the initial adoption of this ASU did not have a significant impact on our condensed consolidated financial statements. In March 2017, the FASB issued ASU No. 2017-07, Compensation—Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost . The amendments in this ASU require that an employer report the service cost component of net periodic pension cost and net periodic postretirement benefit cost in the same line items as other compensation costs arising from services rendered by the pertinent employees during the period. The other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside of income from operations. The amendments in this ASU also allow only the service cost component to be eligible for capitalization when applicable (for example, as a cost of internally manufactured inventory or a self-constructed asset). The amendments in this ASU are effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The amendments in this ASU should be applied retrospectively for the presentation of the service cost component and the other components of net periodic pension cost and net periodic postretirement benefit cost in the income statement and prospectively, on and after the effective date, for the capitalization of the service cost component of net periodic pension cost and net periodic postretirement benefit cost in assets. We adopted the amendments in this ASU effective January 1, 2018, which impacted the presentation of our condensed consolidated financial statements. Our previous presentation of service cost components was consistent with the amendments in this ASU. However, we now present the other components within other income, net, whereas we previously presented these within cost of goods sold and selling, general and administrative expenses. Accounting Pronouncements Pending Adoption in Future Periods In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) . The amendments in this ASU will increase transparency and comparability among entities by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The amendments in this ASU will require lessees to recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term. In January 2018, the FASB issued ASU No. 2018-01, Leases (Topic 842): Land Easement Practical Expedient for Transition to Topic 842 , providing an optional transition practical expedient to not evaluate under Topic 842 existing or expired land easements that were not previously accounted for as leases under the current leases guidance in Topic 840. The amendments in these ASUs are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. Early application of the amendments in these ASUs is permitted for all entities. Reporting entities are required to recognize and measure leases under these amendments at the beginning of the earliest period presented using a modified retrospective approach. We are currently evaluating the impact of the adoption of the amendments in this ASU on our condensed consolidated financial statements and believe, based on our preliminary assessment, that we will record significant additional right-to-use assets and lease obligations. In August 2017, the FASB issued ASU No. 2017‑12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities . The amendments in this ASU better align an entity’s risk management activities and financial reporting for hedging relationships through changes to both the designation and measurement guidance for qualifying hedging relationships as well as the recognition and presentation of the effects of the hedging instrument and the hedged item in the financial statements to increase the understandability of the results of an entity’s intended hedging strategies. The amendments in this ASU also include certain targeted improvements to ease the application of current guidance related to the assessment of hedge effectiveness. The amendments in this ASU are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early application is permitted in any interim period after the issuance of this ASU. Transition requirements and elections should be applied to hedging relationships existing on the date of adoption. For cash flow and net investment hedges, an entity should apply a cumulative-effect adjustment related to eliminating the separate measurement of ineffectiveness, and the amended presentation and disclosure guidance is required only prospectively. We do not expect the adoption of the amendments in this ASU to have a significant impact on our condensed consolidated financial statements.

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	3 Months Ended
	Mar. 31, 2018
DISCONTINUED OPERATIONS
DISCONTINUED OPERATIONS	3. DISCONTINUED OPERATIONS In 2017, we separated the P&A Business and conducted both an IPO and a secondary offering of ordinary shares of Venator, formerly a wholly-owned subsidiary of Huntsman. On January 3, 2018, the underwriters purchased an additional 1,948,955 Venator ordinary shares pursuant to the exercise of the underwriters’ option to purchase additional shares. All of the ordinary shares offered in the IPO and the secondary offering were sold by Huntsman, and Venator did not receive any proceeds from the offerings. As of March 31, 2018, we retained approximately 53% ownership in Venator. We intend to monetize our retained ownership in Venator at prevailing market conditions and expect to conduct multiple follow-on capital market or block transactions to permit the orderly distribution of our retained shares. In August 2017, we entered into a separation agreement, a transition services agreement (“TSA”) and a registration rights agreement with Venator to effect the Separation and provide a framework for a short term set of transition services as well as a tax matters agreement and an employee matters agreement. Pursuant to the TSA, we will, for a limited time following the Separation, provide Venator with certain services and functions that the parties have historically shared. We may also provide Venator with additional services that Venator and Huntsman may identify from time to time in the future. In general, the services began following the Separation and cover a period not expected to exceed 24 months; however, Venator may terminate individual services provided by us under the TSA early, as it becomes able to operate its business without such services. The following table summarizes the major classes of assets and liabilities constituting assets and liabilities held for sale (dollars in millions): March 31, December 31, 2018 2017 Carrying amounts of major classes of assets held for sale: Accounts receivable $ 439 $ 380 Inventories 482 454 Other current assets 311 318 Property, plant and equipment, net 1,534 1,424 Deferred income taxes 153 158 Other noncurrent assets 141 146 Total assets held for sale $ 3,060 $ 2,880 Carrying amounts of major classes of liabilities in held for sale: Accounts payable $ 387 $ 385 Accrued liabilities 249 236 Other current liabilities 19 25 Long term debt 747 746 Other noncurrent liabilities 319 300 Total liabilities held for sale $ 1,721 $ 1,692 (1) The assets and liabilities held for sale are classified as current as of March 31, 2018 and December 31, 2017 because it is probable that the sale of our controlling financial interest in Venator ordinary shares will occur and proceeds will be collected within one year. The following table summarizes major classes of line items constituting pretax and after-tax income of discontinued operations (dollars in millions): Huntsman Corporation March 31, 2018 2017 Major classes of line items constituting pretax income (loss) of discontinued operations: Trade sales, services and fees, net $ 627 $ 543 Cost of goods sold 476 470 Selling, general and administrative 51 40 Restructuring, impairment and plant closing costs 9 27 Business separation expenses — 9 Interest expense 9 — Other operating income, net (50) — Other (income) loss, net (2) 1 Income (loss) from discontinued operations before income taxes 134 (4) Income tax expense (20) (3) Income (loss) from discontinued operations, net of tax 114 (7) Net income attributable to noncontrolling interests (2) (3) Net income (loss) attributable to discontinued operations $ 112 $ (10) Huntsman International March 31, 2018 2017 Major classes of line items constituting pretax income (loss) of discontinued operations: Trade sales, services and fees, net $ 627 $ 543 Cost of goods sold 476 471 Selling, general and administrative 51 40 Restructuring, impairment and plant closing costs 9 27 Business separation expenses — 9 Interest expense 9 — Other operating income, net (50) — Other (income) loss, net (2) 1 Income (loss) from discontinued operations before income taxes 134 (5) Income tax expense (20) (3) Income (loss) from discontinued operations, net of tax 114 (8) Net income attributable to noncontrolling interests (2) (3) Net income (loss) attributable to discontinued operations $ 112 $ (11)

INVENTORIES

INVENTORIES	3 Months Ended
	Mar. 31, 2018
INVENTORIES
INVENTORIES	4. 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): March 31, December 31, 2018 2017 Raw materials and supplies $ 240 $ 189 Work in progress 50 48 Finished goods 972 897 Total 1,262 1,134 LIFO reserves (59) (61) Net inventories $ 1,203 $ 1,073 For both March 31, 2018 and December 31, 2017, approximately 13% and 12% of inventories were recorded using the LIFO cost method, respectively.

VARIABLE INTEREST ENTITIES

VARIABLE INTEREST ENTITIES	3 Months Ended
	Mar. 31, 2018
VARIABLE INTEREST ENTITIES
VARIABLE INTEREST ENTITIES	5. VARIABLE INTEREST ENTITIES We evaluate our investments and transactions to identify variable interest entities for which we are the primary beneficiary. We hold a variable interest in the following joint ventures for which we are the primary beneficiary: · Rubicon LLC is our 50%-owned joint venture with Lanxess that manufactures products for our Polyurethanes and Performance Products segments. The structure of the joint venture is such that the total equity investment at risk is not sufficient to permit the joint venture to finance its activities without additional financial support. By virtue of the operating agreement with this joint venture, we purchase a majority of the output, absorb a majority of the operating costs and provide a majority of the additional funding. · Arabian Amines Company is our 50%-owned joint venture with Zamil group that manufactures products for our Performance Products segment. As required in the operating agreement governing this joint venture, we purchase all of Arabian Amines Company’s production and sell it to our customers. Substantially all of the joint venture’s activities are conducted on our behalf. · Sasol‑Huntsman is our 50%-owned joint venture with Sasol that owns and operates a maleic anhydride facility in Moers, Germany. This joint venture manufactures products for our Performance Products segment. The joint venture uses our technology and expertise, and at the time of the last reconsideration event, we took on a disproportionate amount of risk of loss due to a related‑party loan to Sasol‑Huntsman for which we assumed the default risk. Creditors of these entities have no recourse to our general credit. See “Note 7. Debt—Direct and Subsidiary Debt.” As the primary beneficiary of these variable interest entities at March 31, 2018, 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 March 31, 2018 and our consolidated balance sheet as of December 31, 2017 (dollars in millions): March 31, December 31, 2018 2017 Current assets $ 120 $ 114 Property, plant and equipment, net 265 283 Other noncurrent assets 134 116 Deferred income taxes 33 33 Intangible assets 10 10 Goodwill 15 14 Total assets $ 577 $ 570 Current liabilities $ 144 $ 163 Long-term debt 83 86 Deferred income taxes 13 12 Other noncurrent liabilities 99 98 Total liabilities $ 339 $ 359 The revenues, income from continuing operations before income taxes and net cash provided by operating activities for our variable interest entities for the three months ended March 31, 2018 and 2017 are as follows (dollars in millions): Three months ended March 31, 2018 2017 Revenues $ 37 $ 31 Income from continuing operations before income taxes 9 4 Net cash provided by operating activities 15 12

RESTRUCTURING, IMPAIRMENT AND P

RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS	3 Months Ended
	Mar. 31, 2018
RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS
RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS	6. RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS As of March 31, 2018 and December 31, 2017, accrued restructuring costs of continuing operations by type of cost and initiative consisted of the following (dollars in millions): Non-cancelable Other Workforce Demolition and lease and contract restructuring reductions(1) decommissioning termination costs costs Total(2) Accrued liabilities as of January 1, 2018 $ 5 $ 2 $ 41 $ 5 $ 53 2018 credits for 2017 and prior initiatives — — — (5) (5) 2018 charges for 2018 initiatives — — — 5 5 2018 (credits) payments for 2017 and prior initiatives (1) (1) (1) 5 2 2018 payments for 2018 initiatives — — — (1) (1) Foreign currency effect on liability balance 1 — 2 — 3 Accrued liabilities as of March 31, 2018 $ 5 $ 1 $ 42 $ 9 $ 57 (1) The workforce reduction reserves relate to the termination of 125 positions, of which 81 positions had not been terminated as of March 31, 2018. (2) Accrued liabilities by initiatives were as follows (dollars in millions): March 31, December 31, 2018 2017 2016 and prior initiatives $ 51 $ 51 2017 initiatives 2 2 2018 initiatives 4 — Total $ 57 $ 53 Details with respect to our reserves for restructuring, impairment and plant closing costs are provided below by segment and initiative (dollars in millions): Performance Advanced Textile Corporate Polyurethanes Products Materials Effects and other Total Accrued liabilities as of January 1, 2018 $ 1 $ 1 $ 3 $ 47 $ 1 $ 53 2018 credits for 2017 and prior initiatives — — — (5) — (5) 2018 charges for 2018 initiatives — — — — 5 5 2018 (credits) payments for 2017 and prior initiatives (1) — — 3 — 2 2018 payments for 2018 initiatives — — — — (1) (1) Foreign currency effect on liability balance — — 1 2 — 3 Accrued liabilities as of March 31, 2018 $ — $ 1 $ 4 47 $ 5 $ 57 Current portion of restructuring reserves $ — $ 1 $ 1 $ 7 $ 5 $ 14 Long-term portion of restructuring reserves — — 3 40 — 43 Details with respect to cash and noncash restructuring charges from continuing operations for the three months ended March 31, 2018 and 2017 by initiative are provided below (dollars in millions): Three months ended March 31, 2018 Cash charges: 2018 credits for 2017 and prior initiatives $ (5) 2018 charges for 2018 initiatives 5 Pension-related charges — Noncash charges: Accelerated depreciation — Other noncash credits 2 Total 2018 Restructuring, Impairment and Plant Closing Costs $ 2 Three months ended March 31, 2017 Cash charges: 2017 charges for 2016 and prior initiatives $ 3 2017 charges for 2017 initiatives 6 Noncash charges: Accelerated depreciation 1 Other noncash credits (1) Total 2017 Restructuring, Impairment and Plant Closing Costs $ 9 2018 Restructuring Activities In September 2011, we implemented a significant restructuring of our Textile Effects segment, including the closure of our production facilities and business support offices in Basel, Switzerland. In connection with this restructuring plan, during the three months ended March 31, 2018, our Textile Effects segment recorded a credit of $5 million related to an installment payment for the sale of land at the Basel, Switzerland site. 2017 Restructuring Activities In connection with the Textile Effects Restructuring Plan, we recorded restructuring expense of $6 million in the three months ended March 31, 2017 related primarily to workforce reductions.

DEBT

DEBT	3 Months Ended
	Mar. 31, 2018
DEBT
DEBT	7. DEBT Outstanding debt, net of debt issuance costs, consisted of the following (dollars in millions): Huntsman Corporation March 31, December 31, 2018 2017 Senior Credit Facilities: Revolving facility $ — $ — Amounts outstanding under A/R programs 184 180 Senior notes 1,964 1,927 Variable interest entities 105 107 Other 81 84 Total debt $ 2,334 $ 2,298 Total current portion of debt $ 36 $ 40 Long-term portion of debt 2,298 2,258 Total debt $ 2,334 $ 2,298 Huntsman International March 31, December 31, 2018 2017 Senior Credit Facilities: Revolving facility $ — $ — Amounts outstanding under A/R programs 184 180 Senior notes 1,964 1,927 Variable interest entities 105 107 Other 81 84 Total debt, excluding debt to affiliates $ 2,334 $ 2,298 Total current portion of debt $ 36 $ 40 Long-term portion of debt 2,298 2,258 Total debt, excluding debt to affiliates $ 2,334 $ 2,298 Total debt, excluding debt to affiliates $ 2,334 $ 2,298 Notes payable to affiliates-current 100 100 Notes payable to affiliates-noncurrent 702 742 Total debt $ 3,136 $ 3,140 Direct and Subsidiary Debt Huntsman Corporation’s direct debt and guarantee obligations consist of a guarantee of certain indebtedness incurred from time to time to finance certain insurance premiums. Substantially all of our other debt, including the facilities described below, has been incurred by our subsidiaries (primarily Huntsman International). Huntsman Corporation is not a guarantor of such subsidiary debt. Certain of our subsidiaries are designated as nonguarantor subsidiaries (“Nonguarantors”) and have third‑party debt agreements. These debt agreements contain certain restrictions with regard to dividends, distributions, loans or advances. In certain circumstances, the consent of a third party would be required prior to the transfer of any cash or assets from these subsidiaries to us. Debt Issuance Costs We record debt issuance costs related to a debt liability on the balance sheet as a reduction to the face amount of that debt liability. As of March 31, 2018 and December 31, 2017, 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. Senior Credit Facilities As of March 31, 2018, our senior credit facilities (“Senior Credit Facilities”) consisted of our Revolving Facility as follows (dollars in millions): Unamortized Discounts and Committed Principal Debt Issuance Carrying Facility Amount Outstanding Costs Value Interest Rate(2) Maturity Revolving Facility $ 650 $ — $ — $ — USD LIBOR plus 2.50% (1) We had no borrowings outstanding under our Revolving Facility; we had approximately $9 million (U.S. dollar equivalents) of letters of credit and bank guarantees issued and outstanding under our Revolving Facility. (2) The applicable interest rate of the Revolving Facility is subject to certain secured leverage ratio thresholds. Our obligations under the Senior Credit Facilities are guaranteed by substantially all of our domestic subsidiaries (collectively, the “Guarantors”), and are secured by a first priority lien on substantially all of our domestic property, plant and equipment (other than property, plant and equipment held by Venator and its subsidiaries), the stock of all of our material domestic subsidiaries (other than Venator and its subsidiaries) and certain foreign subsidiaries, and pledges of intercompany notes between certain of our subsidiaries. In connection with the Demilec Acquisition on April 23, 2018, we borrowed $275 million under the Revolving Facility and $75 million under our U.S. A/R Program. See “Note 1. General—Recent Developments—Demilec Acquisition.” A/R Programs Our 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. Information regarding our A/R Programs as of March 31, 2018 was as follows (monetary amounts in millions): Maximum Funding Amount Facility Maturity Availability(1) Outstanding Interest Rate(2) U.S. A/R Program April 2020 $ 250 $ 90 (3) Applicable rate plus 0.95% EU A/R Program April 2020 € 150 € 76 Applicable rate plus 1.30% (approximately $186) (approximately $94) (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 either USD LIBOR or CP rate. The applicable rate for our EU A/R Program is either GBP LIBOR, USD LIBOR or EURIBOR. In addition, the U.S. SPE and the EU SPE are obligated to pay unused commitment fees to the lenders based on the amount of each lender’s commitment. (3) As of March 31, 2018, 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 March 31, 2018 and December 31, 2017, $415 million and $334 million, respectively, of accounts receivable were pledged as collateral under our A/R Programs. Note Payable from Huntsman International to Huntsman Corporation As of March 31, 2018, we had a loan of $802 million to our subsidiary, Huntsman International (the “Intercompany Note”). The Intercompany Note is unsecured and $100 million of the outstanding amount is classified as current as of March 31, 2018 on our condensed consolidated balance sheets. As of March 31, 2018, under the terms of the Intercompany Note, Huntsman International promises to pay us interest on the unpaid principal amount at a rate per annum based on the previous monthly average borrowing rate obtained under our U.S. A/R Program, less 10 basis points (provided that the rate shall not exceed an amount that is 25 basis points less than the monthly average borrowing rate obtained for the U.S. LIBOR-based borrowings under our Revolving Facility). Compliance with Covenants We believe that we are in compliance with the covenants contained in the agreements governing our material debt instruments, including our Senior Credit Facilities, our A/R Programs and our notes. Our material financing arrangements contain certain covenants with which we must comply. A failure to comply with a covenant could result in a default under a financing arrangement unless we obtained an appropriate waiver or forbearance (as to which we can provide no assurance). A default under these material financing arrangements generally allows debt holders the option to declare the underlying debt obligations immediately due and payable. Furthermore, certain of our material financing arrangements contain cross-default and cross-acceleration provisions under which a failure to comply with the covenants in one financing arrangement may result in an event of default under another financing arrangement. Our Senior Credit Facilities are subject to a single financial covenant (the “Leverage Covenant”), which applies only to the Revolving Facility and is calculated at the Huntsman International level. The Leverage Covenant is applicable only if borrowings, letters of credit or guarantees are outstanding under the Revolving Facility (cash collateralized letters of credit or guarantees are not deemed outstanding). The Leverage Covenant is a net senior secured leverage ratio covenant, which requires that Huntsman International’s ratio of senior secured debt to EBITDA (as defined in the applicable agreement) is not more than 3.75 to 1. If Huntsman International fails to comply with the Leverage Covenant, then we may not have access to liquidity under our Revolving Facility. If Huntsman International fails to comply with the Leverage Covenant at a time when we have uncollateralized loans or letters of credit outstanding under the Revolving Facility, Huntsman International would be in default under the Senior Credit Facilities, and, unless Huntsman International obtained a waiver or forbearance with respect to such default (as to which we can provide no assurance), Huntsman International could be required to pay off the balance of the Senior Credit Facilities in full, and we may not have further access to such facilities. The agreements governing our A/R Programs also contain certain receivable performance metrics. Any material failure to meet the applicable A/R Programs’ metrics could lead to an early termination event under the A/R Programs, which could require us to cease our use of such facilities, prohibiting us from additional borrowings against our receivables or, at the discretion of the lenders, requiring that we repay the A/R Programs in full. An early termination event under the A/R Programs would also constitute an event of default under our Senior Credit Facilities, which could require us to pay off the balance of the Senior Credit Facilities in full and could result in the loss of our Senior Credit Facilities.

DERIVATIVE INSTRUMENTS AND HEDG

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	3 Months Ended
	Mar. 31, 2018
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	8. DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES We are exposed to market risks, such as changes in interest rates, foreign exchange rates and commodity pricing risks. From time to time, we enter into transactions, including transactions involving derivative instruments, to manage certain of these exposures. All derivatives, whether designated as hedging relationships or not, are recorded on our balance sheet at fair value. If the derivative is designated as a fair value hedge, the changes in the fair value of the derivative and the hedged items are recognized in earnings. If the derivative is designated as a cash flow hedge, changes in the fair value of the derivative are recorded in accumulated other comprehensive loss, to the extent effective, and will be recognized in the income statement when the hedged item affects earnings. To the extent applicable, we perform effectiveness assessments in order to use hedge accounting at each reporting period. For a derivative that does not qualify as a hedge, changes in fair value are recognized in earnings. We also hedge our net investment in certain European operations. Changes in the fair value of the hedge in the net investment of certain European operations are recorded as an unrealized currency translation adjustment in accumulated other comprehensive loss. 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 March 31, 2018, we had approximately $126 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 long-term debt. Under interest rate swaps, we agree with other parties to exchange, at specified intervals, the difference between fixed-rate and floating-rate interest amounts calculated by reference to an agreed notional principal amount. Beginning in 2009, Arabian Amines Company entered into a 12-year floating to fixed interest rate contract providing for a receipt of LIBOR interest payments for a fixed payment of 5.02%. In connection with the consolidation of Arabian Amines Company as of July 1, 2010, the interest rate contract is included in our consolidated results. See “Note 5. Variable Interest Entities.” The notional amount of the swap as of March 31, 2018 was $14 million, and the interest rate contract was not designated as a cash flow hedge. As of March 31, 2018, the fair value of the swap was $1 million and was recorded in noncurrent liabilities on our condensed consolidated balance sheets. For each of the three months ended March 31, 2018 and 2017, we recorded a reduction of interest expense of nil due to changes in fair value of the swap. In November 2014, we entered into two five year cross-currency interest rate contracts and one eight year cross-currency interest rate contract to swap an aggregate notional $200 million for an aggregate notional €161 million. This swap was designated as a hedge of net investment for financial reporting purposes. Under the cross-currency interest rate contract, we were to receive fixed U.S. dollar payments of $5 million semiannually on May 15 and November 15 (equivalent to an annual rate of 5.125%) and make interest payments of approximately €3 million (equivalent to an annual rate of approximately 3.6%). In August 2017, we terminated these cross-currency interest rate contracts and received $7 million from the counterparties. A portion of our debt is denominated in euros. We also finance certain of our non-U.S. subsidiaries with intercompany loans that are, in many cases, denominated in currencies other than the entities’ functional currency. We manage the net foreign currency exposure created by this debt through various means, including cross-currency swaps, the designation of certain intercompany loans as permanent loans because they are not expected to be repaid in the foreseeable future and the designation of certain debt and swaps as net investment hedges. Foreign currency transaction gains and losses on intercompany loans that are not designated as permanent loans are recorded in earnings. Foreign currency transaction gains and losses on intercompany loans that are designated as permanent loans are recorded in other comprehensive income on our condensed consolidated statements of comprehensive income. From time to time, we review such designation of intercompany loans. We review our non-U.S. dollar denominated debt and derivative instruments to determine the appropriate amounts designated as hedges. As of March 31, 2018, we have designated approximately €585 million (approximately $725 million) of euro-denominated debt as a hedge of our net investment. For the three months ended March 31, 2018, the amount of loss recognized on the hedge of our net investment was $24 million and was recorded in other comprehensive income (loss) on our condensed consolidated statements of comprehensive income.

FAIR VALUE

FAIR VALUE	3 Months Ended
	Mar. 31, 2018
FAIR VALUE
FAIR VALUE	9. FAIR VALUE The fair values of financial instruments were as follows (dollars in millions): March 31, 2018 December 31, 2017 Carrying Estimated Carrying Estimated Value Fair Value Value Fair Value Non-qualified employee benefit plan investments $ 24 $ 24 $ 33 $ 33 Interest rate contracts (1) (1) (1) (1) Long-term debt (including current portion) (2,334) (2,483) (2,298) (2,483) 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. The fair values of non-qualified employee benefit plan investments are obtained through market observable pricing using prevailing market prices. The estimated fair values of our long-term debt are based on quoted market prices for the identical liability when traded as an asset in an active market (Level 1). The fair value estimates presented herein are based on pertinent information available to management as of March 31, 2018 and December 31, 2017. The estimated fair value amounts have not been comprehensively revalued for purposes of these financial statements since March 31, 2018 and current estimates of fair value may differ significantly from the amounts presented herein. The following assets and liabilities are measured at fair value on a recurring basis (dollars in millions): Fair Value Amounts Using Quoted prices Significant other Significant in active markets observable unobservable March 31, for identical inputs inputs Description 2018 assets (Level 1)(2) (Level 2)(2) (Level 3) Assets: Equity securities: Non-qualified employee benefit plan investments $ 24 $ 24 $ — $ — Liabilities: Derivatives: Interest rate contracts(1) $ (1) $ — $ (1) $ — Fair Value Amounts Using Quoted prices Significant other Significant in active markets observable unobservable December 31, for identical inputs inputs Description 2017 assets (Level 1)(2) (Level 2)(2) (Level 3) Assets: Equity securities: Non-qualified employee benefit plan investments $ 33 $ 33 $ — $ — Liabilities: Derivatives: Interest rate contracts(1) $ (1) $ — $ (1) $ — (1) The income approach is used to calculate the fair value of these instruments. Fair value represents the present value of estimated future cash flows, calculated using relevant interest rates and yield curves at stated intervals. There were no material changes to the valuation method or assumptions used to determine the fair value during the current period. (2) There were no transfers between Levels 1 and 2 within the fair value hierarchy during the three months ended March 31, 2018 and the year ended December 31, 2017. The following table shows a reconciliation of beginning and ending balances for the three months ended March 31, 2017 for instruments measured at fair value on a recurring basis using significant unobservable inputs (Level 3) (dollars in millions). During the three months ended March 31, 2018, there were no instruments categorized as Level 3 within the fair value hierarchy. Cross-Currency Interest Rate Contracts Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Beginning balance $ 29 Transfers into Level 3 — Transfers out of Level 3 — Total (losses) gains: Included in earnings — Included in other comprehensive income (loss) — Purchases, sales, issuances and settlements — Ending balance, March 31, 2017 $ 29 The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains (losses) relating to assets still held at March 31, 2017 $ — There were no gains or losses (realized and unrealized) included in earnings for instruments measured at fair value on a recurring basis using significant unobservable inputs (Level 3). We also have assets that under certain conditions are subject to measurement at fair value on a non‑recurring basis. These assets include property, plant and equipment and those associated with acquired businesses, including goodwill and intangible assets. For these assets, measurement at fair value in periods subsequent to their initial recognition is applicable if one or more is determined to be impaired. During each of the three months ended March 31, 2018 and 2017, we recorded charges of nil for the impairment of long‑lived assets.

REVENUE RECOGNITION

REVENUE RECOGNITION	3 Months Ended
	Mar. 31, 2018
REVENUE RECOGNITION
REVENUE RECOGNITION	10. 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 table disaggregates our revenue by major source for the three months ended March 31, 2018 (dollars in millions): Polyurethanes Performance Products Advanced Materials Textile Effects Eliminations Total Primary Geographic Markets U.S. and Canada $ 357 $ 343 $ 69 $ 17 $ (8) $ 778 Europe 340 108 118 35 (1) 600 Asia Pacific 299 110 68 114 — 591 Rest of world 226 42 24 34 — 326 $ 1,222 $ 603 $ 279 $ 200 $ (9) $ 2,295 Major Product Groupings MDI urethanes $ 1,085 $ 1,085 MTBE 137 137 Differentiated $ 539 539 Upstream 64 64 Specialty $ 236 236 Non-specialty 43 43 Textile chemicals and dyes and digital inks $ 200 200 Eliminations $ (9) (9) $ 1,222 $ 603 $ 279 $ 200 $ (9) $ 2,295 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 by business 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	3 Months Ended
	Mar. 31, 2018
EMPLOYEE BENEFIT PLANS
EMPLOYEE BENEFIT PLANS	11. EMPLOYEE BENEFIT PLANS Components of the net periodic benefit costs from continuing operations for the three months ended March 31, 2018 and 2017 were as follows (dollars in millions): Huntsman Corporation Other Postretirement Defined Benefit Plans Benefit Plans Three months Three months ended ended March 31, March 31, 2018 2017 2018 2017 Service cost $ 17 $ 15 $ 1 $ 1 Interest cost 20 20 1 1 Expected return on assets (43) (38) — — Amortization of prior service benefit (2) (2) (1) (2) Amortization of actuarial loss 18 18 — 1 Settlement loss 2 — — — Net periodic benefit cost $ 12 $ 13 $ 1 $ 1 Huntsman International Other Postretirement Defined Benefit Plans Benefit Plans Three months Three months ended ended March 31, March 31, 2018 2017 2018 2017 Service cost $ 17 $ 15 $ 1 $ 1 Interest cost 20 20 1 1 Expected return on assets (43) (38) — — Amortization of prior service benefit (2) (2) (1) (2) Amortization of actuarial loss 19 19 — 1 Settlement loss 2 — — — Net periodic benefit cost $ 13 $ 14 $ 1 $ 1 During the three months ended March 31, 2018 and 2017, we made contributions to our pension and other postretirement benefit plans related to continuing operations of $25 million and $11 million, respectively. During the remainder of 2018, we expect to contribute an additional amount of approximately $73 million to these plans.

HUNTSMAN CORPORATION STOCKHOLDE

HUNTSMAN CORPORATION STOCKHOLDERS’ EQUITY	3 Months Ended
	Mar. 31, 2018
HUNTSMAN CORPORATION STOCKHOLDERS’ EQUITY
HUNTSMAN CORPORATION STOCKHOLDERS’ EQUITY	12. HUNTSMAN CORPORATION STOCKHOLDERS’ EQUITY Share Repurchase Program On February 7, 2018, our Board of Directors authorized our Company to repurchase up to an additional $400 million in shares of our common stock in addition to the $50 million remaining under our September 2015 share repurchase authorization. Repurchases may be made through the open market or in privately negotiated transactions, and repurchases may be commenced or suspended from time to time without prior notice. Shares of common stock acquired through the repurchase program are held in treasury at cost. During the three months ended March 31, 2018, we repurchased 1,685,300 shares of our common stock for approximately $51 million under the repurchase program. From April 1, 2018 through April 19, 2018, we repurchased an additional 1,822,315 shares of our common stock for approximately $52. Dividends on Common Stock During the quarter ended March 31, 2018 we paid dividends of $39 million, or $0.1625 per share, and during the quarter ended March 31, 2017, we paid dividends of $30 million, or $0.125 per share, to common stockholders.

OTHER COMPREHENSIVE INCOME

OTHER COMPREHENSIVE INCOME	3 Months Ended
	Mar. 31, 2018
OTHER COMPREHENSIVE INCOME
OTHER COMPREHENSIVE INCOME	13. OTHER COMPREHENSIVE INCOME The components of other comprehensive income (loss) and changes in accumulated other comprehensive loss by component were as follows (dollars in millions): Huntsman Corporation Pension and Other Foreign other comprehensive Amounts Amounts currency postretirement income of attributable to attributable to translation benefits unconsolidated noncontrolling Huntsman adjustment(a) adjustments(b) affiliates Other, net Total interests Corporation Beginning balance, January 1, 2018 $ (249) $ (1,189) $ 3 $ 24 $ (1,411) $ 143 $ (1,268) Cumulative effect of changes in fair value of equity investments — — — (10) (10) — (10) Revised beginning balance, January 1, 2018 (249) (1,189) 3 14 (1,421) 143 (1,278) Other comprehensive income (loss) before reclassifications, gross 83 (2) — — 81 (7) 74 Tax benefit (expense) 4 — — (3) 1 — 1 Amounts reclassified from accumulated other comprehensive loss, gross(c) — 22 — — 22 — 22 Tax benefit (expense) — 5 — (6) (1) — (1) Net current-period other comprehensive income (loss) 87 25 — (9) 103 (7) 96 Disposition of a portion of P&A Business — — — — — (16) (16) Ending balance, March 31, 2018 $ (162) $ (1,164) $ 3 $ 5 $ (1,318) $ 120 $ (1,198) (a) Amounts are net of tax of $61 and $65 as of March 31, 2018 and January 1, 2018, respectively. (b) Amounts are net of tax of $177 and $172 as of March 31, 2018 and January 1, 2018, respectively. (c) See table below for details about these reclassifications. Pension and Other Foreign other comprehensive Amounts Amounts currency postretirement income of attributable to attributable to translation benefits unconsolidated noncontrolling Huntsman adjustment(a) adjustments(b) affiliates Other, net Total interests Corporation Beginning balance, January 1, 2017 $ (459) $ (1,275) $ 4 $ 23 $ (1,707) $ 36 $ (1,671) Other comprehensive income before reclassifications, gross 74 — — 2 76 (2) 74 Tax benefit 3 — — — 3 — 3 Amounts reclassified from accumulated other comprehensive loss, gross(c) — 19 — — 19 — 19 Tax expense — (1) — — (1) — (1) Net current-period other comprehensive income 77 18 — 2 97 (2) 95 Ending balance, March 31, 2017 $ (382) $ (1,257) $ 4 $ 25 $ (1,610) $ 34 $ (1,576) (a) (b) (c) Three months ended March 31, 2018 2017 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 $ (3) $ (4) (b) Settlement loss 2 — (b) Actuarial loss 23 23 (b)(c) 22 19 Total before tax 5 (1) Income tax benefit (expense) Total reclassifications for the period $ 27 $ 18 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 11. Employee Benefit Plans.” (c) Amounts contain approximately $4 and $5 of actuarial losses related to discontinued operations for the three months ended March 31, 2018 and 2017. Huntsman International Foreign Pension Other Other, net Total Amounts Amounts Beginning balance, January 1, 2018 $ (252) $ (1,174) $ 3 $ 17 $ (1,406) $ 143 $ (1,263) Cumulative effect of changes in fair value of equity investments — — — (10) (10) — (10) Revised beginning balance, January 1, 2018 (252) (1,174) 3 7 (1,416) 143 (1,273) Other comprehensive income (loss) before reclassifications, gross 81 (2) 1 — 80 (7) 73 Tax benefit (expense) 4 — — (1) 3 — 3 Amounts reclassified from accumulated other comprehensive loss, gross(c) — 22 — — 22 — 22 Tax expense — 5 — (5) — — — Net current-period other comprehensive income (loss) 85 25 1 (6) 105 (7) 98 Disposition of a portion of P&A Business — — — — — (16) (16) Ending balance, March 31, 2018 $ (167) $ (1,149) $ 4 $ 1 $ (1,311) $ 120 $ (1,191) (a) Amounts are net of tax of $48 and $51 as of March 31, 2018 and January 1, 2018, respectively. (b) Amounts are net of tax of $204 and $199 as of March 31, 2018 and January 1, 2018, respectively. (c) See table below for details about these reclassifications. Foreign Pension Other Other, net Total Amounts Amounts Beginning balance, January 1, 2017 $ (462) $ (1,286) $ 4 $ 17 $ (1,727) $ 36 $ (1,691) Other comprehensive income before reclassifications, gross 75 — — 2 77 (2) 75 Tax benefit 2 — — — 2 — 2 Amounts reclassified from accumulated other comprehensive loss, gross(c) — 21 — — 21 — 21 Tax expense — (1) — — (1) — (1) Net current-period other comprehensive income 77 20 — 2 99 (2) 97 Ending balance, March 31, 2017 $ (385) $ (1,266) $ 4 $ 19 $ (1,628) $ 34 $ (1,594) (a) Amounts are net of tax of $84 and $86 as of March 31, 2017 and January 1, 2017, respectively. (b) Amounts are net of tax of $204 and $205 as of both March 31, 2017 and January 1, 2017, respectively. (c) See table below for details about these reclassifications. Three months ended March 31, 2018 2017 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 $ (3) $ (4) (b) Settlement loss 2 — (b) Actuarial loss 23 25 (b)(c) 22 21 Total before tax 5 (1) Income tax benefit (expense) Total reclassifications for the period $ 27 $ 20 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 11. Employee Benefit Plans.” (c) Amounts contain approximately $4 and $5 of actuarial losses related to discontinued operations for the three months ended March 31, 2018 and 2017, respectively.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2018
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	14. COMMITMENTS AND CONTINGENCIES Legal Matters Indemnification Matters On July 3, 2012, Deutsche Bank Securities Inc. and Credit Suisse Securities (USA) LLC (“the Banks”) demanded that we indemnify them for claims brought against them by certain MatlinPatterson entities that were formerly our stockholders (“MatlinPatterson”) in litigation filed by MatlinPatterson on June 19, 2012 in the 9th District Court in Montgomery County, Texas (the “Texas Litigation”). We denied the Banks’ indemnification demand for the Texas Litigation. These claims allegedly arose from the failed acquisition by and merger with Hexion. The Texas Litigation was dismissed, which was upheld by the Ninth Court of Appeals and the Texas Supreme Court denied review by final order entered January 7, 2016. On July 14, 2014, the Banks demanded that we indemnify them for additional claims brought against them by certain other former Company stockholders in litigation filed June 14, 2014 in the United States District Court for the Eastern District of Wisconsin (the “Wisconsin Litigation”). We denied the Banks’ indemnification demand for the Wisconsin Litigation and have made no accrual with respect to this matter. The stockholders in the Wisconsin Litigation have made essentially the same factual allegations as MatlinPatterson made in the Texas Litigation and, additionally, have named Apollo Global Management LLC and Apollo Management Holdings, L.P. as defendants. Stockholder plaintiffs in the Wisconsin Litigation assert claims for misrepresentation and conspiracy to defraud. On June 30, 2016, the plaintiffs voluntarily dismissed the Apollo defendants and on December 5, 2016, the court dismissed Deutsche Bank for lack of personal jurisdiction, but denied Credit Suisse's motion to dismiss. Subsequently, Credit Suisse asked the court to reconsider its decision or certify its judgment to the Seventh Circuit Court of Appeals for an immediate appeal, which remains pending. Subsequent to discovery, Credit Suisse filed a motion for summary judgment on August 25, 2017, and a decision is pending. The court has suspended the current scheduling order, including the trial date. We denied the Banks’ indemnification demand for both the Texas Litigation and the Wisconsin Litigation. Other Proceedings We are a party to various other proceedings instituted by private plaintiffs, governmental authorities and others arising under provisions of applicable laws, including various environmental, products liability and other laws. Except as otherwise disclosed in this report, we do not believe that the outcome of any of these matters will have a material effect on our financial condition, results of operations or liquidity.

ENVIRONMENTAL, HEALTH AND SAFET

ENVIRONMENTAL, HEALTH AND SAFETY MATTERS	3 Months Ended
	Mar. 31, 2018
ENVIRONMENTAL, HEALTH AND SAFETY MATTERS
ENVIRONMENTAL, HEALTH AND SAFETY MATTERS	15. 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 both of the three months ended March 31, 2018 and 2017, our capital expenditures for EHS matters totaled $6 million. 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 $20 million and $21 million for environmental liabilities for March 31, 2018 and December 31, 2017, respectively. Of these amounts, $6 million was classified as accrued liabilities in each of our condensed consolidated balance sheets as of March 31, 2018 and December 31, 2017, and $14 million and $15 million were classified as other noncurrent liabilities in our condensed consolidated balance sheets as of March 31, 2018 and December 31, 2017, respectively. In certain cases, our remediation liabilities may be payable over periods of up to 30 years. We may incur losses for environmental remediation in excess of the amounts accrued; however, we are not able to estimate the amount or range of such potential excess. Environmental Matters Under the Comprehensive Environmental Response, Compensation, and Liability Act ("CERCLA") and similar state laws, a current or former owner or operator of real property in the U.S. may be liable for remediation costs regardless of whether the release or disposal of hazardous substances was in compliance with law at the time it occurred, and a current owner or operator may be liable regardless of whether it owned or operated the facility at the time of the release. Outside the U.S., analogous contaminated property laws, such as those in effect in France and Australia, can hold past owners and/or operators liable for remediation at former facilities. Currently, there are approximately six former facilities or third-party sites in the U.S. for which we have been notified of potential claims against us for cleanup liabilities, including, but not limited to, sites listed under CERCLA. Based on current information and past experiences at other CERCLA sites, we do not expect these third-party claims to have a material impact on our 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 Port Neches, Texas, and Geismar, Louisiana, facilities are the subject of ongoing remediation requirements imposed under RCRA. Similar laws exist in a number of locations in which we currently operate, or previously operated, manufacturing facilities, such as Australia, India, France, Hungary and Italy. West Footscray Remediation By letter dated March 7, 2006, our former Base Chemicals and Polymers facility in West Footscray, Australia was issued a cleanup notice by the Environmental Protection Authority Victoria ("EPA Victoria") due to concerns about soil and groundwater contamination emanating from the site. On August 23, 2010, EPA Victoria revoked a second cleanup notice and issued a revised notice that included a requirement for financial assurance for the remediation. As of March 31, 2018, we had an accrued liability of approximately $14 million related to estimated environmental remediation costs at this site. We can provide no assurance that the authority will not seek to institute additional requirements for the site or that additional costs will not be required for the cleanup. North Maybe Mine Remediation The North Maybe Canyon Mine site is a CERCLA site and involves a former phosphorous mine near Soda Springs, Idaho, which is believed to have been operated by several companies, including a predecessor company to us. In 2004, the U.S. Forest Service notified us that we are a CERCLA potentially responsible party (“PRP”) for contamination originating from the site. In February 2010, we and Wells Cargo (another PRP) agreed to conduct a Remedial Investigation/Feasibility Study of a portion of the site and are currently engaged in that process. At this time, we are unable to reasonably estimate our potential liabilities at this site.

STOCK-BASED COMPENSATION PLAN

STOCK-BASED COMPENSATION PLAN	3 Months Ended
	Mar. 31, 2018
STOCK-BASED COMPENSATION PLAN
STOCK-BASED COMPENSATION PLAN	16. STOCK‑BASED COMPENSATION PLANS On May 5, 2016, our stockholders approved a new Huntsman Corporation 2016 Stock Incentive Plan (the “2016 Stock Incentive Plan”), which reserved 8.2 million shares for issuance. The Huntsman Corporation Stock Incentive Plan, as amended and restated (the “Prior Plan”), remains in effect for outstanding awards granted pursuant to the Prior Plan, but no further awards may be granted under the Prior Plan. Under the 2016 Stock Incentive Plan we may grant nonqualified stock options, incentive stock options, stock appreciation rights, restricted stock, phantom stock, performance share units and other stock-based awards to our employees, directors and consultants and to employees and consultants of our subsidiaries, provided that incentive stock options may be granted solely to employees. The terms of the grants under both the 2016 Stock Incentive Plan and the Prior Plan are fixed at the grant date. As of March 31, 2018, we were authorized to grant up to 8.2 million shares under the 2016 Stock Incentive Plan. As of March 31, 2018, we had approximately 8 million shares remaining under the 2016 Stock Incentive Plan available for grant. Option awards have a maximum contractual term of 10 years and generally must have an exercise price at least equal to the market price of our common stock on the date the option award is granted. Outstanding stock-based awards generally vest annually over a three-year period. The compensation cost from continuing operations under the 2016 Stock Incentive Plan and the Prior Plan for our Company and Huntsman International were as follows (dollars in millions): Three months ended March 31, 2018 2017 Huntsman Corporation compensation cost $ 8 $ 9 Huntsman International compensation cost 7 8 The total income tax benefit recognized in the condensed consolidated statements of operations for us and Huntsman International for stock-based compensation arrangements was $4 million and $2 million for the three months ended March 31, 2018 and 2017, respectively. Stock Options The fair value of each stock option award is estimated on the date of grant using the Black‑Scholes valuation model that uses the assumptions noted in the following table. Expected volatilities are based on the historical volatility of our common stock through the grant date. The expected term of options granted was estimated based on the contractual term of the instruments and employees’ expected exercise and post‑vesting employment termination behavior. The risk‑free rate for periods within the contractual life of the option was based on the U.S. Treasury yield curve in effect at the time of grant. The assumptions noted below represent the weighted average of the assumptions utilized for stock options granted during the periods. Three months ended March 31, 2018 2017 Dividend yield 1.5 % 2.4 % Expected volatility 55.2 % 56.9 % Risk-free interest rate 2.6 % 2.0 % Expected life of stock options granted during the period 5.9 years 5.9 years A summary of stock option activity under the 2016 Stock Incentive Plan and the Prior Plan as of March 31, 2018 and changes during the three 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, 2018 7,988 $ 13.99 Granted 479 32.77 Exercised (715) 10.05 Forfeited (12) 13.58 Outstanding at March 31, 2018 7,740 15.52 5.9 $ 108 Exercisable at March 31, 2018 5,919 14.49 5.0 87 The weighted‑average grant‑date fair value of stock options granted during the three months ended March 31, 2018 was $15.38 per option. As of March 31, 2018, there was $13 million of total unrecognized compensation cost related to nonvested stock option arrangements granted under the 2016 Stock Incentive Plan and the Prior Plan. That cost is expected to be recognized over a weighted-average period of approximately 2.3 years. The total intrinsic value of stock options exercised during the three months ended March 31, 2018 and 2017 was approximately $17 million and $5 million, respectively. Cash received from stock options exercised during the three months ended March 31, 2018 and 2017 was approximately $6 million and $17 million, respectively. The cash tax benefit from stock options exercised during the three months ended March 31, 2018 and 2017 was approximately $3 million and $1 million, respectively. Nonvested Shares Nonvested shares granted under the 2016 Stock Incentive Plan and the Prior Plan consist of restricted stock and performance share unit awards, which are accounted for as equity awards, and phantom stock, which is accounted for as a liability award because it can be settled in either stock or cash. The fair value of each performance share unit award is estimated using a Monte Carlo simulation model that uses various assumptions, including an expected volatility rate and a risk-free interest rate. For the three months ended March 31, 2018 and 2017, the weighted-average expected volatility rate was 44.3% and 45.0%, respectively, and the weighted average risk-free interest rate was 2.3% and 1.5%, respectively. For the performance share unit awards granted in the three months ended March 31, 2018 and 2017, 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 March 31, 2018 and changes during the three 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, 2018 2,457 $ 14.93 696 $ 14.69 Granted 414 35.32 169 32.77 Vested (699) (1) 16.71 (328) 14.67 Forfeited (107) 14.97 (6) 14.41 Nonvested at March 31, 2018 2,065 18.42 531 20.47 (1) As of March 31, 2018, a total of 473,110 restricted stock units were vested but not yet issued, of which 12,360 vested during the three months ended March 31, 2018. These shares have not been reflected as vested shares in this table because, in accordance with the restricted stock unit agreements, shares of common stock are not issued for vested restricted stock units until termination of employment. As of March 31, 2018, there was $38 million of total unrecognized compensation cost related to nonvested share compensation arrangements granted under the 2016 Stock Incentive Plan and the Prior Plan. That cost is expected to be recognized over a weighted‑average period of approximately 2.1 years. The value of share awards that vested during the three months ended March 31, 2018 and 2017 was $22 million and $20 million, respectively.

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2018
INCOME TAXES
INCOME TAXES	17. 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. During the three months ended March 31, 2018, we released a valuation allowance of $9 million on certain net deferred tax assets in Luxembourg as a result of changes in estimated future taxable income resulting from increased intercompany receivables and, therefore, increased income in Luxembourg, our primary treasury center outside of the U.S. During the same period, we recognized $3 million of tax benefit from share-based compensation. During the three months ended March 31, 2018 and 2017, for unrecognized tax benefits that impact tax expense, we recorded a net increase in unrecognized tax benefits and a corresponding income tax expense of $2 million and $2 million, respectively. Additional increases and decreases in unrecognized tax benefits were offset by cash settlements or decreases in net deferred tax assets and, therefore, did not affect income tax expense. The U.S. Tax Cuts and Jobs Act (the “U.S. Tax Reform Act”) establishes new tax laws that affect 2018, including, but not limited to, (1) reduction of the U.S. federal corporate tax rate; (2) the creation of the base erosion anti-abuse tax (BEAT); (3) a general elimination of U.S. federal income taxes on dividends from foreign subsidiaries; (4) a new provision designed to tax global intangible low-taxed income (“GILTI”); (5) a new limitation on deductible interest expense; and (6) the repeal of the domestic production activity deduction. We have included the effects of these provisions in our estimated annual effective tax rate for 2018. Our accounting for the U.S. Tax Reform Act is incomplete as noted in our Form 10-K for the year ended December 31, 2017. We have, so far, been able to reasonably estimate certain effects and, therefore, recorded provisional adjustments associated with the deemed repatriation transition tax and reduction of the net deferred tax liability for the reduction in tax rate. There are also certain items where we made no provisional estimates, such as the impacts on multistate taxes and need for, or changes in, valuation allowances and unrecognized tax positions. We have not made any additional measurement-period adjustments related to these items during the first quarter of 2018 as our computations and analysis are still in process. However, we are continuing to gather additional information and expect to complete our accounting within the prescribed measurement period. Further, we have considered the additional guidance issued by the IRS in various Notices and have concluded that our provisional estimates as of December 31, 2017 would not be materially impacted. Because of the complexity of the new GILTI tax rules, we are continuing to evaluate this provision of the U.S. Tax Reform Act and the application of ASC 740. Under U.S. GAAP, we are allowed to make an accounting policy choice of either (1) treating taxes due on future U.S. inclusions in taxable income related to GILTI as a current-period expense when incurred (the “period cost method”) or (2) factoring such amounts into our measurement of deferred taxes (the “deferred method”). Our selection of an accounting policy related to the new GILTI tax rules will depend, in part, on analyzing our global income to determine whether we expect to have future U.S. inclusions in taxable income related to GILTI and, if so, what the impact is expected to be. As our expectation to have future U.S. inclusions in taxable income related to GILTI depends on a number of different aspects of our estimated future results of global operations, we have not recorded any potential deferred tax effects related to GILTI in our financial statements and have not made a policy decision regarding whether to record deferred taxes on GILTI or use the period cost method. We have, however, included an estimated 2018 current GILTI impact in our estimated annual effective tax rate for 2018. We expect to complete our accounting within the prescribed measurement period. Huntsman Corporation We recorded income tax expense from continuing operations of $53 million and $19 million for the three months ended March 31, 2018 and 2017, 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. Our effective tax rate was 18% for the three months ended March 31, 2018. Higher than expected earnings in countries with low tax rates or valuation allowances, stock compensation excess benefits and the release of certain valuation allowances in Luxembourg resulted in a lower effective tax rate through the first quarter of 2018. Huntsman International Huntsman International recorded income tax expense from continuing operations of $52 million and $19 million for the three months ended March 31, 2018 and 2017, 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. Our effective tax rate was 18% for the three months ended March 31, 2018. Higher than expected earnings in countries with low tax rates and valuation allowances, stock compensation excess benefits and the release of certain valuation allowances in Luxembourg resulted in a lower effective tax rate through the first quarter of 2018.

NET INCOME PER SHARE

NET INCOME PER SHARE	3 Months Ended
	Mar. 31, 2018
NET INCOME PER SHARE
NET INCOME PER SHARE	18. NET INCOME PER SHARE Basic income per share excludes dilution and is computed by dividing net income attributable to Huntsman Corporation common stockholders by the weighted average number of shares outstanding during the period. Diluted income per share reflects all potential dilutive common shares outstanding during the period and is computed by dividing net income available to Huntsman Corporation common stockholders by the weighted average number of shares outstanding during the period increased by the number of additional shares that would have been outstanding as dilutive securities. Basic and diluted income per share is determined using the following information (in millions): Three months ended March 31, 2018 2017 Numerator: Basic and diluted income from continuing operations: Income from continuing operations attributable to Huntsman Corporation $ 160 $ 83 Basic and diluted net income: Net income attributable to Huntsman Corporation $ 274 $ 76 Denominator: Weighted average shares outstanding 240.8 237.4 Dilutive shares: Stock-based awards 5.1 5.1 Total weighted average shares outstanding, including dilutive shares 245.9 242.5 Additional stock‑based awards of 0.6 million and 2.2 million weighted average equivalent shares of stock were outstanding during the three months ended March 31, 2018 and 2017, respectively. However, these stock‑based awards were not included in the computation of diluted earnings per share for the three months ended March 31, 2018 and 2017 because the effect would be anti‑dilutive.

OPERATING SEGMENT INFORMATION

OPERATING SEGMENT INFORMATION	3 Months Ended
	Mar. 31, 2018
OPERATING SEGMENT INFORMATION
OPERATING SEGMENT INFORMATION	19. OPERATING SEGMENT INFORMATION We derive our revenues, earnings and cash flows from the manufacture and sale of a wide variety of differentiated and commodity chemical products. We have four operating segments, which are also our reportable segments: Polyurethanes, Performance Products, Advanced Materials and Textile Effects. We have organized our business and derived our operating segments around differences in product lines. In connection with the Venator IPO in August 2017, we separated the P&A Business and, beginning in the third quarter of 2017, we reported the results of operations of the P&A Business as discontinued operations in our condensed consolidated financial statements for all periods presented. See “Note 3. Discontinued Operations.” The major products of each reportable operating segment are as follows: Segment Products Polyurethanes MDI, PO, polyols, PG, TPU, aniline and MTBE Performance Products Amines, surfactants, LAB, maleic anhydride, other performance chemicals, EG, olefins and technology licenses Advanced Materials Basic liquid and solid epoxy resins; specialty resin compounds; cross-linking, matting and curing 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 operating segments excludes items that principally apply to our Company as a whole. The revenues and adjusted EBITDA for each of our reportable operating segments are as follows (dollars in millions): Three months ended March 31, 2018 2017 Revenues: Polyurethanes $ 1,222 $ 953 Performance Products 603 533 Advanced Materials 279 259 Textile Effects 200 188 Corporate and eliminations (9) (1) Total $ 2,295 $ 1,932 Huntsman Corporation: Segment adjusted EBITDA(1): Polyurethanes $ 261 $ 144 Performance Products 102 84 Advanced Materials 59 54 Textile Effects 26 21 Corporate and other(2) (43) (43) Total 405 260 Reconciliation of adjusted EBITDA to net income: Interest expense—continuing operations (27) (48) Interest expense—discontinued operations (9) — Income tax expense—continuing operations (53) (19) Income tax expense—discontinued operations (20) (3) Depreciation and amortization—continuing operations (82) (76) Depreciation and amortization—discontinued operations — (30) Net income attributable to noncontrolling interests 76 16 Other adjustments: Business acquisition and integration expenses (1) (3) EBITDA from discontinued operations 143 26 Noncontrolling interest of discontinued operations (55) (3) Certain legal and other settlements and related expenses (7) — Amortization of pension and postretirement actuarial losses (17) (19) Restructuring, impairment and plant closing and transition costs (3) (9) Net income $ 350 $ 92 Three months ended March 31, 2018 2017 Huntsman International: Segment adjusted EBITDA(1): Polyurethanes $ 261 $ 144 Performance Products 102 84 Advanced Materials 59 54 Textile Effects 26 21 Corporate and other(2) (40) (41) Total 408 262 Reconciliation of adjusted EBITDA to net income: Interest expense—continuing operations (32) (51) Interest expense—discontinued operations (9) — Income tax expense—continuing operations (52) (19) Income tax expense—discontinued operations (20) (3) Depreciation and amortization—continuing operations (81) (74) Depreciation and amortization—discontinued operations — (30) Net income attributable to noncontrolling interests 76 16 Other adjustments: Business acquisition and integration expenses (1) (3) EBITDA from discontinued operations 143 25 Noncontrolling interest of discontinued operations (55) (3) Certain legal and other settlements and related expenses (7) — Amortization of pension and postretirement actuarial losses (20) (20) Restructuring, impairment and plant closing and transition costs (3) (9) Net income $ 347 $ 91 (1) Segment adjusted EBITDA is defined as net income of Huntsman Corporation or Huntsman International, as appropriate, before interest, income tax, depreciation and amortization, net income attributable to noncontrolling interests and certain Corporate and other items, as well as eliminating the following adjustments: (a) business acquisition and integration expenses; (b) EBITDA from discontinued operations; (c) noncontrolling interest of discontinued operations; (d) certain legal and other settlements and related expenses; (e) amortization of pension and postretirement actuarial losses; and (f) restructuring, impairment and 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, benzene sales and gains and losses on the disposition of corporate assets.

CONDENSED CONSOLIDATING FINANCI

CONDENSED CONSOLIDATING FINANCIAL INFORMATION - HUNTSMAN INTERNATIONAL	3 Months Ended
	Mar. 31, 2018
CONDENSED CONSOLIDATING FINANCIAL INFORMATION - HUNTSMAN INTERNATIONAL
CONDENSED CONSOLIDATING FINANCIAL INFORMATION - HUNTSMAN INTERNATIONAL	20. CONDENSED CONSOLIDATING FINANCIAL INFORMATION OF HUNTSMAN INTERNATIONAL LLC The following unaudited condensed consolidating financial statements present, in separate columns, financial information for the following: Huntsman International (on a parent only basis), with its investment in subsidiaries recorded under the equity method; the Guarantors on a combined, and where appropriate, consolidated basis; and the Nonguarantors on a combined, and where appropriate, consolidated basis. Additional columns present eliminating adjustments and consolidated totals as of March 31, 2018 and December 31, 2017 and for the three months ended March 31, 2018 and 2017. There are no contractual restrictions limiting transfers of cash from the Guarantors to Huntsman International. Each of the Guarantors is 100% owned by Huntsman International and has fully and unconditionally guaranteed, subject to certain customary release provisions, Huntsman International’s outstanding notes on a joint and several basis. HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS AS OF MARCH 31, 2018 (In Millions) Consolidated Parent Huntsman Company Guarantors Nonguarantors Eliminations International LLC ASSETS Current assets: Cash and cash equivalents $ 63 $ — $ 381 $ — $ 444 Restricted cash — — 9 — 9 Accounts and notes receivable, net 29 110 1,229 6 1,374 Accounts receivable from affiliates 971 4,236 589 (5,403) 393 Inventories 118 223 864 (2) 1,203 Prepaid expenses 20 9 46 (7) 68 Other current assets 786 2 175 (767) 196 Current assets held for sale — — 3,060 — 3,060 Total current assets 1,987 4,580 6,353 (6,173) 6,747 Property, plant and equipment, net 459 1,101 1,555 — 3,115 Investment in unconsolidated affiliates 6,864 2,691 284 (9,555) 284 Intangible assets, net 25 — 30 — 55 Goodwill (15) 82 74 — 141 Deferred income taxes 335 — 212 (335) 212 Notes receivable from affiliates 72 582 — (654) — Other noncurrent assets 48 178 286 (1) 511 Total assets $ 9,775 $ 9,214 $ 8,794 $ (16,718) $ 11,065 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 55 $ 232 $ 667 $ 7 $ 961 Accounts payable to affiliates 4,206 518 769 (5,404) 89 Accrued liabilities 82 819 404 (774) 531 Note payable to affiliate 100 — — — 100 Current portion of debt 13 — 23 — 36 Current liabilities held for sale — — 1,721 — 1,721 Total current liabilities 4,456 1,569 3,584 (6,171) 3,438 Long-term debt 1,964 — 334 — 2,298 Notes payable to affiliates 702 — 654 (654) 702 Deferred income taxes 12 186 43 30 271 Other noncurrent liabilities 221 269 587 — 1,077 Total liabilities 7,355 2,024 5,202 (6,795) 7,786 Equity Huntsman International LLC members’ equity Members’ equity 3,639 2,210 3,765 (5,975) 3,639 (Accumulated deficit) retained earnings (28) 3,030 100 (3,130) (28) Accumulated other comprehensive (loss) income (1,191) 1,950 (1,128) (822) (1,191) Total Huntsman International LLC members’ equity 2,420 7,190 2,737 (9,927) 2,420 Noncontrolling interests in subsidiaries — — 855 4 859 Total equity 2,420 7,190 3,592 (9,923) 3,279 Total liabilities and equity $ 9,775 $ 9,214 $ 8,794 $ (16,718) $ 11,065 HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS AS OF DECEMBER 31, 2017 (In Millions) Consolidated Parent Huntsman Company Guarantors Nonguarantors Eliminations International LLC ASSETS Current assets: Cash and cash equivalents $ 74 $ — $ 394 $ — $ 468 Restricted cash — — 11 — 11 Accounts and notes receivable, net 36 94 1,120 5 1,255 Accounts receivable from affiliates 983 4,130 391 (5,131) 373 Inventories 101 210 767 (5) 1,073 Prepaid expenses 21 10 39 (11) 59 Other current assets 783 3 170 (752) 204 Current assets held for sale — — 2,880 — 2,880 Total current assets 1,998 4,447 5,772 (5,894) 6,323 Property, plant and equipment, net 461 1,119 1,515 — 3,095 Investment in unconsolidated affiliates 6,364 2,268 266 (8,632) 266 Intangible assets, net 25 — 31 — 56 Goodwill (14) 82 72 — 140 Deferred income taxes 323 — 208 (323) 208 Notes receivable from affiliates 72 569 — (641) — Other noncurrent assets 52 189 257 (1) 497 Total assets $ 9,281 $ 8,674 $ 8,121 $ (15,491) $ 10,585 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 74 $ 214 $ 652 $ 6 $ 946 Accounts payable to affiliates 4,019 485 697 (5,131) 70 Accrued liabilities 89 826 413 (762) 566 Note payable to affiliate 100 — — — 100 Current portion of debt 17 — 23 — 40 Current liabilities held for sale — — 1,692 — 1,692 Total current liabilities 4,299 1,525 3,477 (5,887) 3,414 Long-term debt 1,927 — 331 — 2,258 Notes payable to affiliates 742 — 642 (642) 742 Deferred income taxes 12 179 33 41 265 Other noncurrent liabilities 218 278 576 — 1,072 Total liabilities 7,198 1,982 5,059 (6,488) 7,751 Equity Huntsman International LLC members’ equity Members’ equity 3,616 2,216 3,641 (5,857) 3,616 (Accumulated deficit) retained earnings (270) 2,749 (116) (2,633) (270) Accumulated other comprehensive (loss) income (1,263) 1,727 (1,211) (516) (1,263) Total Huntsman International LLC members' equity 2,083 6,692 2,314 (9,006) 2,083 Noncontrolling interests in subsidiaries — — 748 3 751 Total equity 2,083 6,692 3,062 (9,003) 2,834 Total liabilities and equity $ 9,281 $ 8,674 $ 8,121 $ (15,491) $ 10,585 HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME THREE MONTHS ENDED MARCH 31, 2018 (In Millions) Consolidated Parent Huntsman Company Guarantors Nonguarantors Eliminations International LLC Revenues: Trade sales, services and fees, net $ 295 $ 599 $ 1,361 $ — $ 2,255 Related party sales 48 95 295 (398) 40 Total revenues 343 694 1,656 (398) 2,295 Cost of goods sold 286 580 1,289 (401) 1,754 Gross profit 57 114 367 3 541 Selling, general and administrative 58 24 109 — 191 Research and development 12 11 15 — 38 Restructuring, impairment and plant closing costs (credits) 6 — (4) — 2 Other operating expense (income), net 16 (3) (1) — 12 Operating (expense) income (35) 82 248 3 298 Interest (expense) income (33) 6 (5) — (32) Equity in income of investment in affiliates and subsidiaries 284 258 13 (542) 13 Dividend income 43 — — (43) — Other (expense) income, net (1) (1) 8 — 6 Income from continuing operations before income taxes 258 345 264 (582) 285 Income tax benefit (expense) 10 (21) (41) — (52) Income from continuing operations 268 324 223 (582) 233 Income from discontinued operations, net of tax 3 — 111 — 114 Net income 271 324 334 (582) 347 Net income attributable to noncontrolling interests — — (75) (1) (76) Net income attributable to Huntsman International LLC $ 271 $ 324 $ 259 $ (583) $ 271 Net income $ 271 $ 324 $ 334 $ (582) $ 347 Other comprehensive income 70 223 118 (306) 105 Comprehensive income attributable to noncontrolling interests — — (83) — (83) Comprehensive income attributable to Huntsman International LLC $ 341 $ 547 $ 369 $ (888) $ 369 HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME THREE MONTHS ENDED MARCH 31, 2017 (In Millions) Consolidated Parent Huntsman Company Guarantors Nonguarantors Eliminations International LLC Revenues: Trade sales, services and fees, net $ 247 $ 526 $ 1,118 $ — $ 1,891 Related party sales 57 82 260 (358) 41 Total revenues 304 608 1,378 (358) 1,932 Cost of goods sold 247 527 1,122 (356) 1,540 Gross profit 57 81 256 (2) 392 Selling, general and administrative 49 31 110 — 190 Research and development 11 10 13 — 34 Restructuring, impairment and plant closing costs 1 — 8 — 9 Other operating expense (income), net 3 (15) 6 — (6) Operating (expense) income (7) 55 119 (2) 165 Interest (expense) income (50) 6 (7) — (51) Equity in income of investment in affiliates and subsidiaries 124 95 1 (220) — Dividend income — — 1 (1) — Other income, net 1 — 3 — 4 Income from continuing operations before income taxes 68 156 117 (223) 118 Income tax benefit (expense) 14 (23) (10) — (19) Income from continuing operations 82 133 107 (223) 99 Loss from discontinued operations, net of tax (7) — (1) — (8) Net income 75 133 106 (223) 91 Net income attributable to noncontrolling interests — — (16) — (16) Net income attributable to Huntsman International LLC $ 75 $ 133 $ 90 $ (223) $ 75 Net income $ 75 $ 133 $ 106 $ (223) $ 91 Other comprehensive income 95 122 97 (215) 99 Comprehensive income attributable to noncontrolling interests — — (15) (3) (18) Comprehensive income attributable to Huntsman International LLC $ 170 $ 255 $ 188 $ (441) $ 172 HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS THREE MONTHS ENDED MARCH 31, 2018 (In Millions) Consolidated Parent Huntsman Company Guarantors Nonguarantors Eliminations International LLC Net cash provided by (used in) operating activities from continuing operations $ 171 $ 22 $ (47) $ (41) $ 105 Net cash provided by operating activities from discontinued operations — — 52 — 52 Net cash provided by operating activities 171 22 5 (41) 157 Investing activities: Capital expenditures (5) (15) (35) — (55) Cash paid to consolidated affiliates (70) (1) — 71 — Acquisition of business, net of cash acquired (15) — 1 — (14) Increase in receivable from affiliate (9) — — — (9) Net cash used in investing activities from continuing operations (99) (16) (34) 71 (78) Net cash used in investing activities from discontinued operations — — (67) — (67) Net cash used in investing activities (99) (16) (101) 71 (145) Financing activities: Net repayments on overdraft facilities — — (1) — (1) Repayments of short-term debt — — (2) — (2) Borrowings on short term debt — — 2 — 2 Repayments of long-term debt — — (4) — (4) Repayments of notes payable to affiliate (40) — — — (40) Repayments of notes payable (4) — (5) — (9) Dividends paid to noncontrolling interests — — (18) — (18) Contribution from parent — 1 78 (79) — Distribution to parent — (7) — 7 — Dividends paid to parent (39) — (42) 42 (39) Proceeds from the secondary offering of P&A Business — — 44 — 44 Cash paid for expenses of the secondary offering of P&A Business — — (2) — (2) Net cash (used in) provided by financing activities (83) (6) 50 (30) (69) Effect of exchange rate changes on cash — — 16 — 16 Decrease in cash, cash equivalents and restricted cash (11) — (30) — (41) Cash, cash equivalents and restricted cash from continuing operations at beginning of period 74 — 405 — 479 Cash, cash equivalents and restricted cash from discontinued operations at beginning of period — — 238 — 238 Cash, cash equivalents and restricted cash at end of period $ 63 $ — $ 613 $ — $ 676 . HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS THREE MONTHS ENDED MARCH 31, 2017 (In Millions) Consolidated Parent Huntsman Company Guarantors Nonguarantors Eliminations International LLC Net cash provided by (used in) operating activities from continuing operations $ 65 $ 16 $ (13) $ — $ 68 Net cash (used in) provided by operating activities from discontinued operations (7) — 29 — 22 Net cash provided by operating activities 58 16 16 — 90 Investing activities: Capital expenditures (8) (9) (34) — (51) Investment in affiliate (12) — — 12 — Increase in receivable in affiliate (7) — — — (7) Other, net — — 5 — 5 Net cash used in investing activities from continuing operations (27) (9) (29) 12 (53) Net cash provided by investing activities from discontinued operations — — 24 — 24 Net cash used in investing activities (27) (9) (5) 12 (29) Financing activities: Repayments of short-term debt — — (6) — (6) Borrowings on short-term debt — — 2 — 2 Repayments of long-term debt (4) — (3) — (7) Proceeds from issuance of long-term debt — — 8 — 8 Repayments of notes payable to affiliate (5) — — — (5) Proceeds from notes payable to affiliate 15 — — — 15 Dividends paid to noncontrolling interests — — (3) — (3) Contribution from noncontrolling interests — — 2 — 2 Contribution from parent — — 19 (19) — Distribution to parent — (7) — 7 — Dividends paid to parent (30) — — — (30) Net cash (used in) provided by financing activities (24) (7) 19 (12) (24) Effect of exchange rate changes on cash — — 5 — 5 Increase in cash, cash equivalents and restricted cash 7 — 35 — 42 Cash, cash equivalents and restricted cash from continuing operations at beginning of period 37 — 358 — 395 Cash, cash equivalents and restricted cash from discontinued operations at beginning of period — — 29 — 29 Cash, cash equivalents and restricted cash at end of period $ 44 $ — $ 422 $ — $ 466

GENERAL (Policies)

GENERAL (Policies)	3 Months Ended
	Mar. 31, 2018
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 Certain amounts in the consolidated financial statements for prior periods have been reclassified to conform with the current presentation. These reclassifications presented the other components of net periodic pension cost and net periodic postretirement cost within other nonoperating income in accordance with Accounting Standards Update (“ASU”) No. 2017-07, Compensation—Retirement Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost . We previously presented these amounts within cost of goods sold and selling, general and administrative expenses. See “Note 2. Recently Issued Pronouncements.”
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.

DISCONTINUED OPERATIONS (Tables

DISCONTINUED OPERATIONS (Tables)	3 Months Ended
	Mar. 31, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Summary of major classes of assets and liabilities constituting assets and liabilities held for sale	The following table summarizes the major classes of assets and liabilities constituting assets and liabilities held for sale (dollars in millions): March 31, December 31, 2018 2017 Carrying amounts of major classes of assets held for sale: Accounts receivable $ 439 $ 380 Inventories 482 454 Other current assets 311 318 Property, plant and equipment, net 1,534 1,424 Deferred income taxes 153 158 Other noncurrent assets 141 146 Total assets held for sale $ 3,060 $ 2,880 Carrying amounts of major classes of liabilities in held for sale: Accounts payable $ 387 $ 385 Accrued liabilities 249 236 Other current liabilities 19 25 Long term debt 747 746 Other noncurrent liabilities 319 300 Total liabilities held for sale $ 1,721 $ 1,692 (1) The assets and liabilities held for sale are classified as current as of March 31, 2018 and December 31, 2017 because it is probable that the sale of our controlling financial interest in Venator ordinary shares will occur and proceeds will be collected within one year. The following table summarizes major classes of line items constituting pretax and after-tax income of discontinued operations (dollars in millions): Huntsman Corporation March 31, 2018 2017 Major classes of line items constituting pretax income (loss) of discontinued operations: Trade sales, services and fees, net $ 627 $ 543 Cost of goods sold 476 470 Selling, general and administrative 51 40 Restructuring, impairment and plant closing costs 9 27 Business separation expenses — 9 Interest expense 9 — Other operating income, net (50) — Other (income) loss, net (2) 1 Income (loss) from discontinued operations before income taxes 134 (4) Income tax expense (20) (3) Income (loss) from discontinued operations, net of tax 114 (7) Net income attributable to noncontrolling interests (2) (3) Net income (loss) attributable to discontinued operations $ 112 $ (10)
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Summary of major classes of assets and liabilities constituting assets and liabilities held for sale	March 31, 2018 2017 Major classes of line items constituting pretax income (loss) of discontinued operations: Trade sales, services and fees, net $ 627 $ 543 Cost of goods sold 476 471 Selling, general and administrative 51 40 Restructuring, impairment and plant closing costs 9 27 Business separation expenses — 9 Interest expense 9 — Other operating income, net (50) — Other (income) loss, net (2) 1 Income (loss) from discontinued operations before income taxes 134 (5) Income tax expense (20) (3) Income (loss) from discontinued operations, net of tax 114 (8) Net income attributable to noncontrolling interests (2) (3) Net income (loss) attributable to discontinued operations $ 112 $ (11)

INVENTORIES (Tables)

INVENTORIES (Tables)	3 Months Ended
	Mar. 31, 2018
INVENTORIES
Schedule of inventory	Inventories consisted of the following (dollars in millions): March 31, December 31, 2018 2017 Raw materials and supplies $ 240 $ 189 Work in progress 50 48 Finished goods 972 897 Total 1,262 1,134 LIFO reserves (59) (61) Net inventories $ 1,203 $ 1,073

VARIABLE INTEREST ENTITIES (Tab

VARIABLE INTEREST ENTITIES (Tables)	3 Months Ended
	Mar. 31, 2018
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 March 31, 2018 and our consolidated balance sheet as of December 31, 2017 (dollars in millions): March 31, December 31, 2018 2017 Current assets $ 120 $ 114 Property, plant and equipment, net 265 283 Other noncurrent assets 134 116 Deferred income taxes 33 33 Intangible assets 10 10 Goodwill 15 14 Total assets $ 577 $ 570 Current liabilities $ 144 $ 163 Long-term debt 83 86 Deferred income taxes 13 12 Other noncurrent liabilities 99 98 Total liabilities $ 339 $ 359 The revenues, income from continuing operations before income taxes and net cash provided by operating activities for our variable interest entities for the three months ended March 31, 2018 and 2017 are as follows (dollars in millions): Three months ended March 31, 2018 2017 Revenues $ 37 $ 31 Income from continuing operations before income taxes 9 4 Net cash provided by operating activities 15 12

RESTRUCTURING, IMPAIRMENT AND33

RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS (Tables)	3 Months Ended
	Mar. 31, 2018
RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS
Schedule of accrued restructuring, impairment and plant closing costs by type of cost and initiative	As of March 31, 2018 and December 31, 2017, accrued restructuring costs of continuing operations by type of cost and initiative consisted of the following (dollars in millions): Non-cancelable Other Workforce Demolition and lease and contract restructuring reductions(1) decommissioning termination costs costs Total(2) Accrued liabilities as of January 1, 2018 $ 5 $ 2 $ 41 $ 5 $ 53 2018 credits for 2017 and prior initiatives — — — (5) (5) 2018 charges for 2018 initiatives — — — 5 5 2018 (credits) payments for 2017 and prior initiatives (1) (1) (1) 5 2 2018 payments for 2018 initiatives — — — (1) (1) Foreign currency effect on liability balance 1 — 2 — 3 Accrued liabilities as of March 31, 2018 $ 5 $ 1 $ 42 $ 9 $ 57 (1) The workforce reduction reserves relate to the termination of 125 positions, of which 81 positions had not been terminated as of March 31, 2018. (2) Accrued liabilities by initiatives were as follows (dollars in millions): March 31, December 31, 2018 2017 2016 and prior initiatives $ 51 $ 51 2017 initiatives 2 2 2018 initiatives 4 — Total $ 57 $ 53
Schedule of accrued liabilities by year of initiatives	March 31, December 31, 2018 2017 2016 and prior initiatives $ 51 $ 51 2017 initiatives 2 2 2018 initiatives 4 — Total $ 57 $ 53
Schedule of details with respect to reserves for restructuring, impairment and plant closing costs, provided by segment and initiative	Details with respect to our reserves for restructuring, impairment and plant closing costs are provided below by segment and initiative (dollars in millions): Performance Advanced Textile Corporate Polyurethanes Products Materials Effects and other Total Accrued liabilities as of January 1, 2018 $ 1 $ 1 $ 3 $ 47 $ 1 $ 53 2018 credits for 2017 and prior initiatives — — — (5) — (5) 2018 charges for 2018 initiatives — — — — 5 5 2018 (credits) payments for 2017 and prior initiatives (1) — — 3 — 2 2018 payments for 2018 initiatives — — — — (1) (1) Foreign currency effect on liability balance — — 1 2 — 3 Accrued liabilities as of March 31, 2018 $ — $ 1 $ 4 47 $ 5 $ 57 Current portion of restructuring reserves $ — $ 1 $ 1 $ 7 $ 5 $ 14 Long-term portion of restructuring reserves — — 3 40 — 43
Schedule of cash and noncash restructuring charges by initiative	Details with respect to cash and noncash restructuring charges from continuing operations for the three months ended March 31, 2018 and 2017 by initiative are provided below (dollars in millions): Three months ended March 31, 2018 Cash charges: 2018 credits for 2017 and prior initiatives $ (5) 2018 charges for 2018 initiatives 5 Pension-related charges — Noncash charges: Accelerated depreciation — Other noncash credits 2 Total 2018 Restructuring, Impairment and Plant Closing Costs $ 2 Three months ended March 31, 2017 Cash charges: 2017 charges for 2016 and prior initiatives $ 3 2017 charges for 2017 initiatives 6 Noncash charges: Accelerated depreciation 1 Other noncash credits (1) Total 2017 Restructuring, Impairment and Plant Closing Costs $ 9

DEBT (Tables)

DEBT (Tables)	3 Months Ended
	Mar. 31, 2018
Debt
Schedule of outstanding debt	Outstanding debt, net of debt issuance costs, consisted of the following (dollars in millions): Huntsman Corporation March 31, December 31, 2018 2017 Senior Credit Facilities: Revolving facility $ — $ — Amounts outstanding under A/R programs 184 180 Senior notes 1,964 1,927 Variable interest entities 105 107 Other 81 84 Total debt $ 2,334 $ 2,298 Total current portion of debt $ 36 $ 40 Long-term portion of debt 2,298 2,258 Total debt $ 2,334 $ 2,298
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Schedule of outstanding debt	March 31, December 31, 2018 2017 Senior Credit Facilities: Revolving facility $ — $ — Amounts outstanding under A/R programs 184 180 Senior notes 1,964 1,927 Variable interest entities 105 107 Other 81 84 Total debt, excluding debt to affiliates $ 2,334 $ 2,298 Total current portion of debt $ 36 $ 40 Long-term portion of debt 2,298 2,258 Total debt, excluding debt to affiliates $ 2,334 $ 2,298 Total debt, excluding debt to affiliates $ 2,334 $ 2,298 Notes payable to affiliates-current 100 100 Notes payable to affiliates-noncurrent 702 742 Total debt $ 3,136 $ 3,140
Schedule of Senior Credit Facilities	As of March 31, 2018, our senior credit facilities (“Senior Credit Facilities”) consisted of our Revolving Facility as follows (dollars in millions): Unamortized Discounts and Committed Principal Debt Issuance Carrying Facility Amount Outstanding Costs Value Interest Rate(2) Maturity Revolving Facility $ 650 $ — $ — $ — USD LIBOR plus 2.50% (1) We had no borrowings outstanding under our Revolving Facility; we had approximately $9 million (U.S. dollar equivalents) of letters of credit and bank guarantees issued and outstanding under our Revolving Facility. (2) The applicable interest rate of the Revolving Facility is subject to certain secured leverage ratio thresholds.
Schedule of A/R Programs	Information regarding our A/R Programs as of March 31, 2018 was as follows (monetary amounts in millions): Maximum Funding Amount Facility Maturity Availability(1) Outstanding Interest Rate(2) U.S. A/R Program April 2020 $ 250 $ 90 (3) Applicable rate plus 0.95% EU A/R Program April 2020 € 150 € 76 Applicable rate plus 1.30% (approximately $186) (approximately $94) (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 either USD LIBOR or CP rate. The applicable rate for our EU A/R Program is either GBP LIBOR, USD LIBOR or EURIBOR. In addition, the U.S. SPE and the EU SPE are obligated to pay unused commitment fees to the lenders based on the amount of each lender’s commitment. (3) As of March 31, 2018, 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)	3 Months Ended
	Mar. 31, 2018
FAIR VALUE
Schedule of fair values of financial instruments	The fair values of financial instruments were as follows (dollars in millions): March 31, 2018 December 31, 2017 Carrying Estimated Carrying Estimated Value Fair Value Value Fair Value Non-qualified employee benefit plan investments $ 24 $ 24 $ 33 $ 33 Interest rate contracts (1) (1) (1) (1) Long-term debt (including current portion) (2,334) (2,483) (2,298) (2,483)
Schedule of assets and liabilities are measured at fair value on a recurring basis	The following assets and liabilities are measured at fair value on a recurring basis (dollars in millions): Fair Value Amounts Using Quoted prices Significant other Significant in active markets observable unobservable March 31, for identical inputs inputs Description 2018 assets (Level 1)(2) (Level 2)(2) (Level 3) Assets: Equity securities: Non-qualified employee benefit plan investments $ 24 $ 24 $ — $ — Liabilities: Derivatives: Interest rate contracts(1) $ (1) $ — $ (1) $ — Fair Value Amounts Using Quoted prices Significant other Significant in active markets observable unobservable December 31, for identical inputs inputs Description 2017 assets (Level 1)(2) (Level 2)(2) (Level 3) Assets: Equity securities: Non-qualified employee benefit plan investments $ 33 $ 33 $ — $ — Liabilities: Derivatives: Interest rate contracts(1) $ (1) $ — $ (1) $ — (1) The income approach is used to calculate the fair value of these instruments. Fair value represents the present value of estimated future cash flows, calculated using relevant interest rates and yield curves at stated intervals. There were no material changes to the valuation method or assumptions used to determine the fair value during the current period. (2) There were no transfers between Levels 1 and 2 within the fair value hierarchy during the three months ended March 31, 2018 and the year ended December 31, 2017.
Schedule of reconciliation of beginning and ending balances for instruments measured at fair value on a recurring basis using significant unobservable inputs (Level 3)	The following table shows a reconciliation of beginning and ending balances for the three months ended March 31, 2017 for instruments measured at fair value on a recurring basis using significant unobservable inputs (Level 3) (dollars in millions). During the three months ended March 31, 2018, there were no instruments categorized as Level 3 within the fair value hierarchy. Cross-Currency Interest Rate Contracts Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Beginning balance $ 29 Transfers into Level 3 — Transfers out of Level 3 — Total (losses) gains: Included in earnings — Included in other comprehensive income (loss) — Purchases, sales, issuances and settlements — Ending balance, March 31, 2017 $ 29 The amount of total gains (losses) for the period included in earnings attributable to the change in unrealized gains (losses) relating to assets still held at March 31, 2017 $ —

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	3 Months Ended
	Mar. 31, 2018
REVENUE RECOGNITION
Schedule of disaggregation of revenue by major source	Polyurethanes Performance Products Advanced Materials Textile Effects Eliminations Total Primary Geographic Markets U.S. and Canada $ 357 $ 343 $ 69 $ 17 $ (8) $ 778 Europe 340 108 118 35 (1) 600 Asia Pacific 299 110 68 114 — 591 Rest of world 226 42 24 34 — 326 $ 1,222 $ 603 $ 279 $ 200 $ (9) $ 2,295 Major Product Groupings MDI urethanes $ 1,085 $ 1,085 MTBE 137 137 Differentiated $ 539 539 Upstream 64 64 Specialty $ 236 236 Non-specialty 43 43 Textile chemicals and dyes and digital inks $ 200 200 Eliminations $ (9) (9) $ 1,222 $ 603 $ 279 $ 200 $ (9) $ 2,295

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	3 Months Ended
	Mar. 31, 2018
EMPLOYEE BENEFIT PLANS
Components of the net periodic benefit costs	Other Postretirement Defined Benefit Plans Benefit Plans Three months Three months ended ended March 31, March 31, 2018 2017 2018 2017 Service cost $ 17 $ 15 $ 1 $ 1 Interest cost 20 20 1 1 Expected return on assets (43) (38) — — Amortization of prior service benefit (2) (2) (1) (2) Amortization of actuarial loss 18 18 — 1 Settlement loss 2 — — — Net periodic benefit cost $ 12 $ 13 $ 1 $ 1
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
EMPLOYEE BENEFIT PLANS
Components of the net periodic benefit costs	Other Postretirement Defined Benefit Plans Benefit Plans Three months Three months ended ended March 31, March 31, 2018 2017 2018 2017 Service cost $ 17 $ 15 $ 1 $ 1 Interest cost 20 20 1 1 Expected return on assets (43) (38) — — Amortization of prior service benefit (2) (2) (1) (2) Amortization of actuarial loss 19 19 — 1 Settlement loss 2 — — — Net periodic benefit cost $ 13 $ 14 $ 1 $ 1

OTHER COMPREHENSIVE INCOME (LOS

OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	3 Months Ended
	Mar. 31, 2018
OTHER COMPREHENSIVE INCOME
Schedule of other comprehensive loss	The components of other comprehensive income (loss) and changes in accumulated other comprehensive loss by component were as follows (dollars in millions): Huntsman Corporation Pension and Other Foreign other comprehensive Amounts Amounts currency postretirement income of attributable to attributable to translation benefits unconsolidated noncontrolling Huntsman adjustment(a) adjustments(b) affiliates Other, net Total interests Corporation Beginning balance, January 1, 2018 $ (249) $ (1,189) $ 3 $ 24 $ (1,411) $ 143 $ (1,268) Cumulative effect of changes in fair value of equity investments — — — (10) (10) — (10) Revised beginning balance, January 1, 2018 (249) (1,189) 3 14 (1,421) 143 (1,278) Other comprehensive income (loss) before reclassifications, gross 83 (2) — — 81 (7) 74 Tax benefit (expense) 4 — — (3) 1 — 1 Amounts reclassified from accumulated other comprehensive loss, gross(c) — 22 — — 22 — 22 Tax benefit (expense) — 5 — (6) (1) — (1) Net current-period other comprehensive income (loss) 87 25 — (9) 103 (7) 96 Disposition of a portion of P&A Business — — — — — (16) (16) Ending balance, March 31, 2018 $ (162) $ (1,164) $ 3 $ 5 $ (1,318) $ 120 $ (1,198) (a) Amounts are net of tax of $61 and $65 as of March 31, 2018 and January 1, 2018, respectively. (b) Amounts are net of tax of $177 and $172 as of March 31, 2018 and January 1, 2018, respectively. (c) See table below for details about these reclassifications. Pension and Other Foreign other comprehensive Amounts Amounts currency postretirement income of attributable to attributable to translation benefits unconsolidated noncontrolling Huntsman adjustment(a) adjustments(b) affiliates Other, net Total interests Corporation Beginning balance, January 1, 2017 $ (459) $ (1,275) $ 4 $ 23 $ (1,707) $ 36 $ (1,671) Other comprehensive income before reclassifications, gross 74 — — 2 76 (2) 74 Tax benefit 3 — — — 3 — 3 Amounts reclassified from accumulated other comprehensive loss, gross(c) — 19 — — 19 — 19 Tax expense — (1) — — (1) — (1) Net current-period other comprehensive income 77 18 — 2 97 (2) 95 Ending balance, March 31, 2017 $ (382) $ (1,257) $ 4 $ 25 $ (1,610) $ 34 $ (1,576) (a) (b) (c)
Schedule of details about reclassifications from other comprehensive loss	Three months ended March 31, 2018 2017 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 $ (3) $ (4) (b) Settlement loss 2 — (b) Actuarial loss 23 23 (b)(c) 22 19 Total before tax 5 (1) Income tax benefit (expense) Total reclassifications for the period $ 27 $ 18 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 11. Employee Benefit Plans.” (c) Amounts contain approximately $4 and $5 of actuarial losses related to discontinued operations for the three months ended March 31, 2018 and 2017.
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
OTHER COMPREHENSIVE INCOME
Schedule of other comprehensive loss	Huntsman International Foreign Pension Other Other, net Total Amounts Amounts Beginning balance, January 1, 2018 $ (252) $ (1,174) $ 3 $ 17 $ (1,406) $ 143 $ (1,263) Cumulative effect of changes in fair value of equity investments — — — (10) (10) — (10) Revised beginning balance, January 1, 2018 (252) (1,174) 3 7 (1,416) 143 (1,273) Other comprehensive income (loss) before reclassifications, gross 81 (2) 1 — 80 (7) 73 Tax benefit (expense) 4 — — (1) 3 — 3 Amounts reclassified from accumulated other comprehensive loss, gross(c) — 22 — — 22 — 22 Tax expense — 5 — (5) — — — Net current-period other comprehensive income (loss) 85 25 1 (6) 105 (7) 98 Disposition of a portion of P&A Business — — — — — (16) (16) Ending balance, March 31, 2018 $ (167) $ (1,149) $ 4 $ 1 $ (1,311) $ 120 $ (1,191) (a) Amounts are net of tax of $48 and $51 as of March 31, 2018 and January 1, 2018, respectively. (b) Amounts are net of tax of $204 and $199 as of March 31, 2018 and January 1, 2018, respectively. (c) See table below for details about these reclassifications. Foreign Pension Other Other, net Total Amounts Amounts Beginning balance, January 1, 2017 $ (462) $ (1,286) $ 4 $ 17 $ (1,727) $ 36 $ (1,691) Other comprehensive income before reclassifications, gross 75 — — 2 77 (2) 75 Tax benefit 2 — — — 2 — 2 Amounts reclassified from accumulated other comprehensive loss, gross(c) — 21 — — 21 — 21 Tax expense — (1) — — (1) — (1) Net current-period other comprehensive income 77 20 — 2 99 (2) 97 Ending balance, March 31, 2017 $ (385) $ (1,266) $ 4 $ 19 $ (1,628) $ 34 $ (1,594) (a) Amounts are net of tax of $84 and $86 as of March 31, 2017 and January 1, 2017, respectively. (b) Amounts are net of tax of $204 and $205 as of both March 31, 2017 and January 1, 2017, respectively. (c) See table below for details about these reclassifications.
Schedule of details about reclassifications from other comprehensive loss	Three months ended March 31, 2018 2017 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 $ (3) $ (4) (b) Settlement loss 2 — (b) Actuarial loss 23 25 (b)(c) 22 21 Total before tax 5 (1) Income tax benefit (expense) Total reclassifications for the period $ 27 $ 20 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 11. Employee Benefit Plans.” (c) Amounts contain approximately $4 and $5 of actuarial losses related to discontinued operations for the three months ended March 31, 2018 and 2017, respectively.

STOCK-BASED COMPENSATION PLAN (

STOCK-BASED COMPENSATION PLAN (Tables)	3 Months Ended
	Mar. 31, 2018
STOCK-BASED COMPENSATION PLAN
Schedule of compensation cost from continuing operations under the 2016 Stock Incentive Plan and the Prior Plan	The compensation cost from continuing operations under the 2016 Stock Incentive Plan and the Prior Plan for our Company and Huntsman International were as follows (dollars in millions): Three months ended March 31, 2018 2017 Huntsman Corporation compensation cost $ 8 $ 9 Huntsman International compensation cost 7 8
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	Three months ended March 31, 2018 2017 Dividend yield 1.5 % 2.4 % Expected volatility 55.2 % 56.9 % Risk-free interest rate 2.6 % 2.0 % Expected life of stock options granted during the period 5.9 years 5.9 years
Summary of stock option activity under the 2016 Stock Incentive Plan and the Prior Plan	Weighted Weighted Average Average Remaining Aggregate Exercise Contractual Intrinsic Option Awards Shares Price Term Value (in thousands) (years) (in millions) Outstanding at January 1, 2018 7,988 $ 13.99 Granted 479 32.77 Exercised (715) 10.05 Forfeited (12) 13.58 Outstanding at March 31, 2018 7,740 15.52 5.9 $ 108 Exercisable at March 31, 2018 5,919 14.49 5.0 87
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, 2018 2,457 $ 14.93 696 $ 14.69 Granted 414 35.32 169 32.77 Vested (699) (1) 16.71 (328) 14.67 Forfeited (107) 14.97 (6) 14.41 Nonvested at March 31, 2018 2,065 18.42 531 20.47 (1) As of March 31, 2018, a total of 473,110 restricted stock units were vested but not yet issued, of which 12,360 vested during the three months ended March 31, 2018. 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.

NET INCOME PER SHARE (Tables)

NET INCOME PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2018
NET INCOME PER SHARE
Schedule of basic and diluted income per share	Basic and diluted income per share is determined using the following information (in millions): Three months ended March 31, 2018 2017 Numerator: Basic and diluted income from continuing operations: Income from continuing operations attributable to Huntsman Corporation $ 160 $ 83 Basic and diluted net income: Net income attributable to Huntsman Corporation $ 274 $ 76 Denominator: Weighted average shares outstanding 240.8 237.4 Dilutive shares: Stock-based awards 5.1 5.1 Total weighted average shares outstanding, including dilutive shares 245.9 242.5

OPERATING SEGMENT INFORMATION (

OPERATING SEGMENT INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2018
OPERATING SEGMENT INFORMATION
Schedule of major products by reportable operating segment	Segment Products Polyurethanes MDI, PO, polyols, PG, TPU, aniline and MTBE Performance Products Amines, surfactants, LAB, maleic anhydride, other performance chemicals, EG, olefins and technology licenses Advanced Materials Basic liquid and solid epoxy resins; specialty resin compounds; cross-linking, matting and curing agents; epoxy, acrylic and polyurethane-based formulations Textile Effects Textile chemicals, dyes and digital inks
Schedule of revenues and EBITDA for each of the entity's reportable operating segments and reconciliation of adjusted EBITDA to net income	The revenues and EBITDA for each of our reportable operating segments are as follows (dollars in millions): Three months ended March 31, 2018 2017 Revenues: Polyurethanes $ 1,222 $ 953 Performance Products 603 533 Advanced Materials 279 259 Textile Effects 200 188 Corporate and eliminations (9) (1) Total $ 2,295 $ 1,932 Huntsman Corporation: Segment adjusted EBITDA(1): Polyurethanes $ 261 $ 144 Performance Products 102 84 Advanced Materials 59 54 Textile Effects 26 21 Corporate and other(2) (43) (43) Total 405 260 Reconciliation of adjusted EBITDA to net income: Interest expense—continuing operations (27) (48) Interest expense—discontinued operations (9) — Income tax expense—continuing operations (53) (19) Income tax expense—discontinued operations (20) (3) Depreciation and amortization—continuing operations (82) (76) Depreciation and amortization—discontinued operations — (30) Net income attributable to noncontrolling interests 76 16 Other adjustments: Business acquisition and integration expenses (1) (3) EBITDA from discontinued operations 143 26 Noncontrolling interest of discontinued operations (55) (3) Certain legal and other settlements and related expenses (7) — Amortization of pension and postretirement actuarial losses (17) (19) Restructuring, impairment and plant closing and transition costs (3) (9) Net income $ 350 $ 92 (1) Segment adjusted EBITDA is defined as net income of Huntsman Corporation or Huntsman International, as appropriate, before interest, income tax, depreciation and amortization, net income attributable to noncontrolling interests and certain Corporate and other items, as well as eliminating the following adjustments: (a) business acquisition and integration expenses; (b) EBITDA from discontinued operations; (c) noncontrolling interest of discontinued operations; (d) certain legal and other settlements and related expenses; (e) amortization of pension and postretirement actuarial losses; and (f) restructuring, impairment and 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, benzene sales and gains and losses on the disposition of corporate assets.
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
OPERATING SEGMENT INFORMATION
Schedule of revenues and EBITDA for each of the entity's reportable operating segments and reconciliation of adjusted EBITDA to net income	Three months ended March 31, 2018 2017 Huntsman International: Segment adjusted EBITDA(1): Polyurethanes $ 261 $ 144 Performance Products 102 84 Advanced Materials 59 54 Textile Effects 26 21 Corporate and other(2) (40) (41) Total 408 262 Reconciliation of adjusted EBITDA to net income: Interest expense—continuing operations (32) (51) Interest expense—discontinued operations (9) — Income tax expense—continuing operations (52) (19) Income tax expense—discontinued operations (20) (3) Depreciation and amortization—continuing operations (81) (74) Depreciation and amortization—discontinued operations — (30) Net income attributable to noncontrolling interests 76 16 Other adjustments: Business acquisition and integration expenses (1) (3) EBITDA from discontinued operations 143 25 Noncontrolling interest of discontinued operations (55) (3) Certain legal and other settlements and related expenses (7) — Amortization of pension and postretirement actuarial losses (20) (20) Restructuring, impairment and plant closing and transition costs (3) (9) Net income $ 347 $ 91 (1) Segment adjusted EBITDA is defined as net income of Huntsman Corporation or Huntsman International, as appropriate, before interest, income tax, depreciation and amortization, net income attributable to noncontrolling interests and certain Corporate and other items, as well as eliminating the following adjustments: (a) business acquisition and integration expenses; (b) EBITDA from discontinued operations; (c) noncontrolling interest of discontinued operations; (d) certain legal and other settlements and related expenses; (e) amortization of pension and postretirement actuarial losses; and (f) restructuring, impairment and 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, benzene sales and gains and losses on the disposition of corporate assets.

CONDENSED CONSOLIDATING FINAN42

CONDENSED CONSOLIDATING FINANCIAL INFORMATION - HUNTSMAN INTERNATIONAL (Tables) - HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES	3 Months Ended
	Mar. 31, 2018
CONDENSED CONSOLIDATING FINANCIAL INFORMATION - HUNTSMAN INTERNATIONAL
CONDENSED CONSOLIDATING BALANCE SHEETS	HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS AS OF MARCH 31, 2018 (In Millions) Consolidated Parent Huntsman Company Guarantors Nonguarantors Eliminations International LLC ASSETS Current assets: Cash and cash equivalents $ 63 $ — $ 381 $ — $ 444 Restricted cash — — 9 — 9 Accounts and notes receivable, net 29 110 1,229 6 1,374 Accounts receivable from affiliates 971 4,236 589 (5,403) 393 Inventories 118 223 864 (2) 1,203 Prepaid expenses 20 9 46 (7) 68 Other current assets 786 2 175 (767) 196 Current assets held for sale — — 3,060 — 3,060 Total current assets 1,987 4,580 6,353 (6,173) 6,747 Property, plant and equipment, net 459 1,101 1,555 — 3,115 Investment in unconsolidated affiliates 6,864 2,691 284 (9,555) 284 Intangible assets, net 25 — 30 — 55 Goodwill (15) 82 74 — 141 Deferred income taxes 335 — 212 (335) 212 Notes receivable from affiliates 72 582 — (654) — Other noncurrent assets 48 178 286 (1) 511 Total assets $ 9,775 $ 9,214 $ 8,794 $ (16,718) $ 11,065 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 55 $ 232 $ 667 $ 7 $ 961 Accounts payable to affiliates 4,206 518 769 (5,404) 89 Accrued liabilities 82 819 404 (774) 531 Note payable to affiliate 100 — — — 100 Current portion of debt 13 — 23 — 36 Current liabilities held for sale — — 1,721 — 1,721 Total current liabilities 4,456 1,569 3,584 (6,171) 3,438 Long-term debt 1,964 — 334 — 2,298 Notes payable to affiliates 702 — 654 (654) 702 Deferred income taxes 12 186 43 30 271 Other noncurrent liabilities 221 269 587 — 1,077 Total liabilities 7,355 2,024 5,202 (6,795) 7,786 Equity Huntsman International LLC members’ equity Members’ equity 3,639 2,210 3,765 (5,975) 3,639 (Accumulated deficit) retained earnings (28) 3,030 100 (3,130) (28) Accumulated other comprehensive (loss) income (1,191) 1,950 (1,128) (822) (1,191) Total Huntsman International LLC members’ equity 2,420 7,190 2,737 (9,927) 2,420 Noncontrolling interests in subsidiaries — — 855 4 859 Total equity 2,420 7,190 3,592 (9,923) 3,279 Total liabilities and equity $ 9,775 $ 9,214 $ 8,794 $ (16,718) $ 11,065 HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEETS AS OF DECEMBER 31, 2017 (In Millions) Consolidated Parent Huntsman Company Guarantors Nonguarantors Eliminations International LLC ASSETS Current assets: Cash and cash equivalents $ 74 $ — $ 394 $ — $ 468 Restricted cash — — 11 — 11 Accounts and notes receivable, net 36 94 1,120 5 1,255 Accounts receivable from affiliates 983 4,130 391 (5,131) 373 Inventories 101 210 767 (5) 1,073 Prepaid expenses 21 10 39 (11) 59 Other current assets 783 3 170 (752) 204 Current assets held for sale — — 2,880 — 2,880 Total current assets 1,998 4,447 5,772 (5,894) 6,323 Property, plant and equipment, net 461 1,119 1,515 — 3,095 Investment in unconsolidated affiliates 6,364 2,268 266 (8,632) 266 Intangible assets, net 25 — 31 — 56 Goodwill (14) 82 72 — 140 Deferred income taxes 323 — 208 (323) 208 Notes receivable from affiliates 72 569 — (641) — Other noncurrent assets 52 189 257 (1) 497 Total assets $ 9,281 $ 8,674 $ 8,121 $ (15,491) $ 10,585 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 74 $ 214 $ 652 $ 6 $ 946 Accounts payable to affiliates 4,019 485 697 (5,131) 70 Accrued liabilities 89 826 413 (762) 566 Note payable to affiliate 100 — — — 100 Current portion of debt 17 — 23 — 40 Current liabilities held for sale — — 1,692 — 1,692 Total current liabilities 4,299 1,525 3,477 (5,887) 3,414 Long-term debt 1,927 — 331 — 2,258 Notes payable to affiliates 742 — 642 (642) 742 Deferred income taxes 12 179 33 41 265 Other noncurrent liabilities 218 278 576 — 1,072 Total liabilities 7,198 1,982 5,059 (6,488) 7,751 Equity Huntsman International LLC members’ equity Members’ equity 3,616 2,216 3,641 (5,857) 3,616 (Accumulated deficit) retained earnings (270) 2,749 (116) (2,633) (270) Accumulated other comprehensive (loss) income (1,263) 1,727 (1,211) (516) (1,263) Total Huntsman International LLC members' equity 2,083 6,692 2,314 (9,006) 2,083 Noncontrolling interests in subsidiaries — — 748 3 751 Total equity 2,083 6,692 3,062 (9,003) 2,834 Total liabilities and equity $ 9,281 $ 8,674 $ 8,121 $ (15,491) $ 10,585
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME	HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME THREE MONTHS ENDED MARCH 31, 2018 (In Millions) Consolidated Parent Huntsman Company Guarantors Nonguarantors Eliminations International LLC Revenues: Trade sales, services and fees, net $ 295 $ 599 $ 1,361 $ — $ 2,255 Related party sales 48 95 295 (398) 40 Total revenues 343 694 1,656 (398) 2,295 Cost of goods sold 286 580 1,289 (401) 1,754 Gross profit 57 114 367 3 541 Selling, general and administrative 58 24 109 — 191 Research and development 12 11 15 — 38 Restructuring, impairment and plant closing costs (credits) 6 — (4) — 2 Other operating expense (income), net 16 (3) (1) — 12 Operating (expense) income (35) 82 248 3 298 Interest (expense) income (33) 6 (5) — (32) Equity in income of investment in affiliates and subsidiaries 284 258 13 (542) 13 Dividend income 43 — — (43) — Other (expense) income, net (1) (1) 8 — 6 Income from continuing operations before income taxes 258 345 264 (582) 285 Income tax benefit (expense) 10 (21) (41) — (52) Income from continuing operations 268 324 223 (582) 233 Income from discontinued operations, net of tax 3 — 111 — 114 Net income 271 324 334 (582) 347 Net income attributable to noncontrolling interests — — (75) (1) (76) Net income attributable to Huntsman International LLC $ 271 $ 324 $ 259 $ (583) $ 271 Net income $ 271 $ 324 $ 334 $ (582) $ 347 Other comprehensive income 70 223 118 (306) 105 Comprehensive income attributable to noncontrolling interests — — (83) — (83) Comprehensive income attributable to Huntsman International LLC $ 341 $ 547 $ 369 $ (888) $ 369 HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME THREE MONTHS ENDED MARCH 31, 2017 (In Millions) Consolidated Parent Huntsman Company Guarantors Nonguarantors Eliminations International LLC Revenues: Trade sales, services and fees, net $ 247 $ 526 $ 1,118 $ — $ 1,891 Related party sales 57 82 260 (358) 41 Total revenues 304 608 1,378 (358) 1,932 Cost of goods sold 247 527 1,122 (356) 1,540 Gross profit 57 81 256 (2) 392 Selling, general and administrative 49 31 110 — 190 Research and development 11 10 13 — 34 Restructuring, impairment and plant closing costs 1 — 8 — 9 Other operating expense (income), net 3 (15) 6 — (6) Operating (expense) income (7) 55 119 (2) 165 Interest (expense) income (50) 6 (7) — (51) Equity in income of investment in affiliates and subsidiaries 124 95 1 (220) — Dividend income — — 1 (1) — Other income, net 1 — 3 — 4 Income from continuing operations before income taxes 68 156 117 (223) 118 Income tax benefit (expense) 14 (23) (10) — (19) Income from continuing operations 82 133 107 (223) 99 Loss from discontinued operations, net of tax (7) — (1) — (8) Net income 75 133 106 (223) 91 Net income attributable to noncontrolling interests — — (16) — (16) Net income attributable to Huntsman International LLC $ 75 $ 133 $ 90 $ (223) $ 75 Net income $ 75 $ 133 $ 106 $ (223) $ 91 Other comprehensive income 95 122 97 (215) 99 Comprehensive income attributable to noncontrolling interests — — (15) (3) (18) Comprehensive income attributable to Huntsman International LLC $ 170 $ 255 $ 188 $ (441) $ 172
CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS	HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS THREE MONTHS ENDED MARCH 31, 2018 (In Millions) Consolidated Parent Huntsman Company Guarantors Nonguarantors Eliminations International LLC Net cash provided by (used in) operating activities from continuing operations $ 171 $ 22 $ (47) $ (41) $ 105 Net cash provided by operating activities from discontinued operations — — 52 — 52 Net cash provided by operating activities 171 22 5 (41) 157 Investing activities: Capital expenditures (5) (15) (35) — (55) Cash paid to consolidated affiliates (70) (1) — 71 — Acquisition of business, net of cash acquired (15) — 1 — (14) Increase in receivable from affiliate (9) — — — (9) Net cash used in investing activities from continuing operations (99) (16) (34) 71 (78) Net cash used in investing activities from discontinued operations — — (67) — (67) Net cash used in investing activities (99) (16) (101) 71 (145) Financing activities: Net repayments on overdraft facilities — — (1) — (1) Repayments of short-term debt — — (2) — (2) Borrowings on short term debt — — 2 — 2 Repayments of long-term debt — — (4) — (4) Repayments of notes payable to affiliate (40) — — — (40) Repayments of notes payable (4) — (5) — (9) Dividends paid to noncontrolling interests — — (18) — (18) Contribution from parent — 1 78 (79) — Distribution to parent — (7) — 7 — Dividends paid to parent (39) — (42) 42 (39) Proceeds from the secondary offering of P&A Business — — 44 — 44 Cash paid for expenses of the secondary offering of P&A Business — — (2) — (2) Net cash (used in) provided by financing activities (83) (6) 50 (30) (69) Effect of exchange rate changes on cash — — 16 — 16 Decrease in cash, cash equivalents and restricted cash (11) — (30) — (41) Cash, cash equivalents and restricted cash from continuing operations at beginning of period 74 — 405 — 479 Cash, cash equivalents and restricted cash from discontinued operations at beginning of period — — 238 — 238 Cash, cash equivalents and restricted cash at end of period $ 63 $ — $ 613 $ — $ 676 . HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS THREE MONTHS ENDED MARCH 31, 2017 (In Millions) Consolidated Parent Huntsman Company Guarantors Nonguarantors Eliminations International LLC Net cash provided by (used in) operating activities from continuing operations $ 65 $ 16 $ (13) $ — $ 68 Net cash (used in) provided by operating activities from discontinued operations (7) — 29 — 22 Net cash provided by operating activities 58 16 16 — 90 Investing activities: Capital expenditures (8) (9) (34) — (51) Investment in affiliate (12) — — 12 — Increase in receivable in affiliate (7) — — — (7) Other, net — — 5 — 5 Net cash used in investing activities from continuing operations (27) (9) (29) 12 (53) Net cash provided by investing activities from discontinued operations — — 24 — 24 Net cash used in investing activities (27) (9) (5) 12 (29) Financing activities: Repayments of short-term debt — — (6) — (6) Borrowings on short-term debt — — 2 — 2 Repayments of long-term debt (4) — (3) — (7) Proceeds from issuance of long-term debt — — 8 — 8 Repayments of notes payable to affiliate (5) — — — (5) Proceeds from notes payable to affiliate 15 — — — 15 Dividends paid to noncontrolling interests — — (3) — (3) Contribution from noncontrolling interests — — 2 — 2 Contribution from parent — — 19 (19) — Distribution to parent — (7) — 7 — Dividends paid to parent (30) — — — (30) Net cash (used in) provided by financing activities (24) (7) 19 (12) (24) Effect of exchange rate changes on cash — — 5 — 5 Increase in cash, cash equivalents and restricted cash 7 — 35 — 42 Cash, cash equivalents and restricted cash from continuing operations at beginning of period 37 — 358 — 395 Cash, cash equivalents and restricted cash from discontinued operations at beginning of period — — 29 — 29 Cash, cash equivalents and restricted cash at end of period $ 44 $ — $ 422 $ — $ 466

GENERAL (Details)

GENERAL (Details) $ in Millions	Apr. 23, 2018USD ($)	Apr. 19, 2018USD ($)shares	Mar. 31, 2018USD ($)segmentshares	Feb. 07, 2018USD ($)
GENERAL
Number of operating segments | segment			4
Number of shares repurchased | shares		1,822,315	1,685,300
Value of stock repurchased		$ 52	$ 51
Demilec Acquisition
GENERAL
Gross paid	$ 350
Share Repurchase Program 2015
GENERAL
Remaining amount authorized for repurchase				$ 50
Share Repurchase Program 2018 | Maximum
GENERAL
Value authorized to be repurchased				$ 400

RECENTLY ISSUED ACCOUNTING PR44

RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS (Details) $ in Millions	Jan. 01, 2018USD ($)
Adjustment | Asu 2016-01
RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS
Cumulative effect of changes in fair value of equity investments	$ 10

DISCONTINUED OPERATIONS - BALAN

DISCONTINUED OPERATIONS - BALANCE SHEET (Details) - USD ($) $ in Millions	1 Months Ended
	Aug. 31, 2017	Mar. 31, 2018	Jan. 03, 2018	Dec. 31, 2017
Venator Materials PLC
DISCONTINUED OPERATIONS
Expected period of service provided after separation	24 months
Discontinued Operations, Disposed of by Means Other than Sale | Pigments and Additives Business
Carrying amounts of major classes of assets held for sale:
Accounts receivable		$ 439		$ 380
Inventories		482		454
Other current assets		311		318
Property, plant and equipment, net		1,534		1,424
Deferred income taxes		153		158
Other noncurrent assets		141		146
Total assets held for sale		3,060		2,880
Carrying amounts of major classes of liabilities held for sale:
Accounts payable		387		385
Accrued liabilities		249		236
Other current liabilities		19		25
Long term debt		747		746
Other noncurrent liabilities		319		300
Total liabilities held for sale		$ 1,721		$ 1,692
Over allotment | Venator Materials PLC
DISCONTINUED OPERATIONS
Underwriters purchased an additional shares			1,948,955
Venator Materials PLC
DISCONTINUED OPERATIONS
Ownership interest (as a percent)		53.00%

DISCONTINUED OPERATIONS - OPERA

DISCONTINUED OPERATIONS - OPERATIONS DATA (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Major classes of line items constituting pretax income (loss) of discontinued operations:
Income tax expense	$ (20)	$ (3)
Income (loss) from discontinued operations, net of tax	114	(7)
Net income (loss) attributable to discontinued operations	114	(7)
Pigments and Additives Business | Discontinued Operations, Disposed of by Means Other than Sale
Major classes of line items constituting pretax income (loss) of discontinued operations:
Trade sales, services and fees, net	627	543
Cost of goods sold	476	470
Selling, general and administrative	51	40
Restructuring, impairment and plant closing costs	9	27
Business separation expenses		9
Interest expense	9
Other operating income, net	(50)
Other (income) loss, net	(2)	1
Income (loss) from discontinued operations before taxes	134	(4)
Income tax expense	(20)	(3)
Income (loss) from discontinued operations, net of tax	114	(7)
Net income attributable to noncontrolling interests	(2)	(3)
Net income (loss) attributable to discontinued operations	112	(10)
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Major classes of line items constituting pretax income (loss) of discontinued operations:
Income tax expense	(20)	(3)
Income (loss) from discontinued operations, net of tax	114	(8)
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Pigments and Additives Business | Discontinued Operations, Disposed of by Means Other than Sale
Major classes of line items constituting pretax income (loss) of discontinued operations:
Trade sales, services and fees, net	627	543
Cost of goods sold	476	471
Selling, general and administrative	51	40
Restructuring, impairment and plant closing costs	9	27
Business separation expenses		9
Interest expense	9
Other operating income, net	(50)
Other (income) loss, net	(2)	1
Income (loss) from discontinued operations before taxes	134	(5)
Income tax expense	(20)	(3)
Income (loss) from discontinued operations, net of tax	114	(8)
Net income attributable to noncontrolling interests	(2)	(3)
Net income (loss) attributable to discontinued operations	$ 112	$ (11)

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Millions		Mar. 31, 2018	Dec. 31, 2017
Inventories
Raw materials and supplies		$ 240	$ 189
Work in progress		50	48
Finished goods		972	897
Total		1,262	1,134
LIFO reserves		(59)	(61)
Net inventories	[1]	$ 1,203	$ 1,073
Percentage of inventories recorded using the LIFO cost method		13.00%	12.00%
[1]	At March 31, 2018 and December 31, 2017, respectively, $13 and $15 of cash and cash equivalents, $9 and $11 of restricted cash, $38 and $35 of accounts and notes receivable (net), $52 and $46 of inventories, $7 each of other current assets, $265 and $283 of property, plant and equipment (net), $10 each of intangible assets (net), $57 and $43 of other noncurrent assets, $91 and $109 of accounts payable, $32 each of accrued liabilities, $22 and $21 of current portion of debt, $83 and $86 of longterm debt, and $99 and $98 of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 5. Variable Interest Entities.”

VARIABLE INTEREST ENTITIES (Det

VARIABLE INTEREST ENTITIES (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Assets and liabilities of VIE
Current assets		$ 6,385		$ 5,979
Property, plant and equipment, net	[1]	3,117		3,098
Other noncurrent assets	[1]	509		497
Deferred income taxes		212		208
Intangible assets	[1]	55		56
Goodwill		141		140
Total assets		10,703		10,244
Current liabilities		3,283		3,265
Long-term debt	[1]	2,298		2,258
Deferred income taxes		269		264
Other noncurrent liabilities	[1]	1,084		1,086
Total liabilities		6,934		6,873
Revenues, income from continuing operations before income taxes and net cash provided by operating activities for our variable interest entities
Revenues		2,295	$ 1,932
Income from continuing operations before income taxes		289	118
Net cash provided by operating activities		163	93
Rubicon, Arabian Amines, and Sasol Huntsman
Assets and liabilities of VIE
Current assets		120		114
Property, plant and equipment, net		265		283
Other noncurrent assets		134		116
Deferred income taxes		33		33
Intangible assets		10		10
Goodwill		15		14
Total assets		577		570
Current liabilities		144		163
Long-term debt		83		86
Deferred income taxes		13		12
Other noncurrent liabilities		99		98
Total liabilities		339		$ 359
Revenues, income from continuing operations before income taxes and net cash provided by operating activities for our variable interest entities
Revenues		37	31
Income from continuing operations before income taxes		9	4
Net cash provided by operating activities		$ 15	$ 12
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%
Sasol Huntsman GmbH and Co. KG
Identification of variable interest entities through investments and transactions
Variable interest entity ownership percentage		50.00%
[1]	At March 31, 2018 and December 31, 2017, respectively, $13 and $15 of cash and cash equivalents, $9 and $11 of restricted cash, $38 and $35 of accounts and notes receivable (net), $52 and $46 of inventories, $7 each of other current assets, $265 and $283 of property, plant and equipment (net), $10 each of intangible assets (net), $57 and $43 of other noncurrent assets, $91 and $109 of accounts payable, $32 each of accrued liabilities, $22 and $21 of current portion of debt, $83 and $86 of longterm debt, and $99 and $98 of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 5. Variable Interest Entities.”

RESTRUCTURING, IMPAIRMENT AND49

RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS - ACCRUED RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS BY TYPE OF COST AND INITIATIVE (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)item
Accrued restructuring costs roll forward
Accrued liabilities at the beginning of the period	$ 53
Foreign currency effect on liability balance	3
Accrued liabilities at the end of the period	$ 57
Number of positions terminated | item	125
Number of positions not terminated | item	81
Workforce reductions
Accrued restructuring costs roll forward
Accrued liabilities at the beginning of the period	$ 5
Foreign currency effect on liability balance	1
Accrued liabilities at the end of the period	5
Demolition and decommissioning
Accrued restructuring costs roll forward
Accrued liabilities at the beginning of the period	2
Accrued liabilities at the end of the period	1
Non-cancelable lease and contract termination costs
Accrued restructuring costs roll forward
Accrued liabilities at the beginning of the period	41
Foreign currency effect on liability balance	2
Accrued liabilities at the end of the period	42
Other restructuring costs
Accrued restructuring costs roll forward
Accrued liabilities at the beginning of the period	5
Accrued liabilities at the end of the period	9
2017 and prior initiatives
Accrued restructuring costs roll forward
Restructuring credits	(5)
Restructuring (credits) payments	2
2017 and prior initiatives | Workforce reductions
Accrued restructuring costs roll forward
Restructuring (credits) payments	(1)
2017 and prior initiatives | Demolition and decommissioning
Accrued restructuring costs roll forward
Restructuring (credits) payments	(1)
2017 and prior initiatives | Non-cancelable lease and contract termination costs
Accrued restructuring costs roll forward
Restructuring (credits) payments	(1)
2017 and prior initiatives | Other restructuring costs
Accrued restructuring costs roll forward
Restructuring credits	(5)
Restructuring (credits) payments	5
2018 initiatives
Accrued restructuring costs roll forward
Restructuring charges	5
Restructuring payments	(1)
Accrued liabilities at the end of the period	4
2018 initiatives | Other restructuring costs
Accrued restructuring costs roll forward
Restructuring charges	5
Restructuring payments	$ (1)

RESTRUCTURING, IMPAIRMENT AND50

RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS - ACCRUED LIABILITIES BY INITIATIVE (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Accrued liabilities by initiatives
Accrued liabilities	$ 57	$ 53
2016 and prior initiatives
Accrued liabilities by initiatives
Accrued liabilities	51	51
2017 initiatives
Accrued liabilities by initiatives
Accrued liabilities	2	$ 2
2018 initiatives
Accrued liabilities by initiatives
Accrued liabilities	$ 4

RESTRUCTURING, IMPAIRMENT AND51

RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS - RESERVES FOR RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)
Accrued restructuring costs roll forward
Accrued liabilities at the beginning of the period	$ 53
Foreign currency effect on liability balance	3
Accrued liabilities at the end of the period	57
Current portion of restructuring reserves	14
Long-term portion of restructuring reserves	43
Corporate and other
Accrued restructuring costs roll forward
Accrued liabilities at the beginning of the period	1
Accrued liabilities at the end of the period	5
Current portion of restructuring reserves	5
Polyurethanes | Operating segments
Accrued restructuring costs roll forward
Accrued liabilities at the beginning of the period	1
Performance Products | Operating segments
Accrued restructuring costs roll forward
Accrued liabilities at the beginning of the period	1
Accrued liabilities at the end of the period	1
Current portion of restructuring reserves	1
Advanced Materials | Operating segments
Accrued restructuring costs roll forward
Accrued liabilities at the beginning of the period	3
Foreign currency effect on liability balance	1
Accrued liabilities at the end of the period	4
Current portion of restructuring reserves	1
Long-term portion of restructuring reserves	3
Textile Effects | Operating segments
Accrued restructuring costs roll forward
Accrued liabilities at the beginning of the period	47
Foreign currency effect on liability balance	2
Accrued liabilities at the end of the period	47
Current portion of restructuring reserves	7
Long-term portion of restructuring reserves	40
2017 and prior initiatives
Accrued restructuring costs roll forward
Restructuring credits	(5)
Restructuring (credits) payments	2
2017 and prior initiatives | Polyurethanes | Operating segments
Accrued restructuring costs roll forward
Restructuring (credits) payments	(1)
2017 and prior initiatives | Textile Effects | Operating segments
Accrued restructuring costs roll forward
Restructuring credits	(5)
Restructuring (credits) payments	3
2018 initiatives
Accrued restructuring costs roll forward
Restructuring charges	5
Restructuring payments	(1)
Accrued liabilities at the end of the period	4
2018 initiatives | Corporate and other
Accrued restructuring costs roll forward
Restructuring charges	5
Restructuring payments	$ (1)

RESTRUCTURING, IMPAIRMENT AND52

RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS - CASH AND NONCASH (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Restructuring, impairment and plant closing costs
Accelerated depreciation		$ 1
Other non-cash credits	$ 2	(1)
Total restructuring, impairment and plant closing costs	2	9
2016 and prior initiatives
Restructuring, impairment and plant closing costs
Restructuring charges		3
2017 and prior initiatives
Restructuring, impairment and plant closing costs
Restructuring credits	(5)
2017 initiatives
Restructuring, impairment and plant closing costs
Restructuring charges		$ 6
2018 initiatives
Restructuring, impairment and plant closing costs
Restructuring charges	$ 5

RESTRUCTURING, IMPAIRMENT AND53

RESTRUCTURING, IMPAIRMENT AND PLANT CLOSING COSTS - NARRATIVE (Details) - Operating segments - Textile Effects - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Basel, Switzerland
Restructuring, impairment and plant closing costs
Restructuring credits	$ 5
Workforce reductions
Restructuring, impairment and plant closing costs
Restructuring charges		$ 6

DEBT - DEBT OUTSTANDING (Detail

DEBT - DEBT OUTSTANDING (Details) - USD ($) $ in Millions		Mar. 31, 2018	Dec. 31, 2017
Debt
Total debt - excluding debt to affiliates		$ 2,334	$ 2,298
Total current portion of debt	[1]	36	40
Long-term portion of debt	[1]	2,298	2,258
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Total debt - excluding debt to affiliates		2,334	2,298
Total current portion of debt	[1]	36	40
Long-term portion of debt	[1]	2,298	2,258
Notes payable to affiliates-current		100	100
Notes payable to affiliates-noncurrent		702	742
Total debt		3,136	3,140
Accounts receivable programs
Debt
Total debt - excluding debt to affiliates		184	180
Accounts receivable programs | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Total debt - excluding debt to affiliates		184	180
Senior notes
Debt
Total debt - excluding debt to affiliates		1,964	1,927
Senior notes | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Total debt - excluding debt to affiliates		1,964	1,927
Variable interest entities
Debt
Total debt - excluding debt to affiliates		105	107
Variable interest entities | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Total debt - excluding debt to affiliates		105	107
Other
Debt
Total debt - excluding debt to affiliates		81	84
Other | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Total debt - excluding debt to affiliates		$ 81	$ 84
[1]	At March 31, 2018 and December 31, 2017, respectively, $13 and $15 of cash and cash equivalents, $9 and $11 of restricted cash, $38 and $35 of accounts and notes receivable (net), $52 and $46 of inventories, $7 each of other current assets, $265 and $283 of property, plant and equipment (net), $10 each of intangible assets (net), $57 and $43 of other noncurrent assets, $91 and $109 of accounts payable, $32 each of accrued liabilities, $22 and $21 of current portion of debt, $83 and $86 of longterm debt, and $99 and $98 of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 5. Variable Interest Entities.”

DEBT - ISSUANCE COSTS (Details)

DEBT - ISSUANCE COSTS (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
DEBT
Debt issuance costs	$ 10	$ 11

DEBT - SENIOR CREDIT FACILITIES

DEBT - SENIOR CREDIT FACILITIES (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Apr. 23, 2018
Revolving Facility | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Maximum revolving credit facility	$ 650
Principal Outstanding	0
Amount of letter of credit and bank guarantees issued and outstanding	$ 9
Revolving Facility | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | LIBOR
Debt
Basis spread (as a percent)	2.50%
U.S. A/R Program Maturing April 2020 | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Amount of letter of credit and bank guarantees issued and outstanding	$ 5
Demilec Acquisition | Revolving Facility
Debt
Principal amount of debt		$ 275
Demilec Acquisition | U.S. A/R Program Maturing April 2020
Debt
Principal amount of debt		$ 75

DEBT - ACCOUNT RECEIVABLE PROGR

DEBT - ACCOUNT RECEIVABLE PROGRAMS (Details) - HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES € in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2018EUR (€)	Mar. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Debt
Debt outstanding		$ 3,136	$ 3,140
Accounts receivable programs
Debt
Accounts receivable pledged as collateral		415	$ 334
U.S. A/R Program Maturing April 2020
Debt
Debt outstanding		90
Maximum Funding Availability		250
Amount of letter of credit and bank guarantees issued and outstanding		5
EU A/R Program Maturing April 2020
Debt
Debt outstanding	€ 76	94
Maximum Funding Availability	€ 150	$ 186
USD LIBOR or CP | U.S. A/R Program Maturing April 2020
Debt
Basis spread (as a percent)	0.95%
GDP LIBOR, USD LIBOR, or EURIBOR | EU A/R Program Maturing April 2020
Debt
Basis spread (as a percent)	1.30%

DEBT - INTERCOMPANY NOTES AND O

DEBT - INTERCOMPANY NOTES AND OTHER (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Debt
Loan to subsidiary	$ 802
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Notes payable to affiliates-current	$ 100	$ 100
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | U.S. A/R Program
Debt
Reduction in applicable margin on borrowings (as a percent)	0.10%
Maximum | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | U.S. A/R Program
Debt
Reduction in applicable margin on borrowings (as a percent)	0.25%
Revolving Facility | Maximum | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Debt
Debt instrument senior secured debt covenant leverage ratio	3.75

DERIVATIVE INSTRUMENTS AND HE59

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details) € in Millions, $ in Millions	1 Months Ended		3 Months Ended		12 Months Ended
	Aug. 31, 2017USD ($)	Nov. 30, 2014EUR (€)item	Mar. 31, 2018USD ($)	Mar. 31, 2017USD ($)	Dec. 31, 2009	Mar. 31, 2018EUR (€)	Mar. 31, 2018USD ($)	Nov. 30, 2014USD ($)item
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Notional Amounts						€ 585	$ 725
Amount of gain (loss) recognized on the hedge of net investments			$ (24)
Forward foreign currency contracts
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Notional Amounts							126
Maximum maturity period of spot or forward exchange rate contracts			1 year
Twelve-year interest rate contract entered in year 2009 | Non Designated Hedge Instrument | Arabian Amines Company
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Hedging period of interest rate contract					12 years
Notional Amounts							14
Fair value of the hedge							$ 1
Additional (reduction of) interest expense due to changes in the fair value of the hedges			$ 0	$ 0
Twelve-year interest rate contract entered in year 2009 | Non Designated Hedge Instrument | Arabian Amines Company | LIBOR
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Variable rate basis			LIBOR
Fixed percentage to be paid under the hedge						5.02%	5.02%
Cross Currency Interest Rate Contracts | Designated as Hedging Instrument
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Notional Amounts		€ 161						$ 200
U.S. dollar interest payments to be received twice each year								$ 5
Equivalent annual rate of interest receivable (as a percent)		5.125%						5.125%
U.S. dollar interest payments to be made twice each year | €		€ 3
Equivalent annual rate of interest payable (as a percent)		3.60%						3.60%
Proceeds from termination	$ 7
Five years cross currency interest rate contract | Designated as Hedging Instrument
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Number of derivative instruments held | item		2						2
Term of cross currency interest rate contract		5 years
Eight years cross currency interest rate contract | Designated as Hedging Instrument
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Number of derivative instruments held | item		1						1
Term of cross currency interest rate contract		8 years

FAIR VALUE - FAIR VALUES OF FIN

FAIR VALUE - FAIR VALUES OF FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Carrying Amount
Fair values of financial instruments
Non-qualified employee benefit plan investments	$ 24	$ 33
Long-term debt (including current portion)	(2,334)	(2,298)
Carrying Amount | Interest rate contracts
Fair values of financial instruments
Derivative contracts - liabilities	(1)	(1)
Estimated Fair Value
Fair values of financial instruments
Non-qualified employee benefit plan investments	24	33
Long-term debt (including current portion)	(2,483)	(2,483)
Estimated Fair Value | Interest rate contracts
Fair values of financial instruments
Derivative contracts - liabilities	$ (1)	$ (1)

FAIR VALUE - ASSETS AND LIABILI

FAIR VALUE - ASSETS AND LIABILITIES MEASURED AT FAIR VALUE ON A RECURRING BASIS (Details) - Recurring basis - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Liabilities:
Transfers from Levels 1 to 2 within the fair value hierarchy, assets	$ 0	$ 0
Transfers from Levels 1 and 2 within the fair value hierarchy, liabilities	0	0
Transfers from Levels 2 to 1 within the fair value hierarchy, assets	0	0
Transfers from Levels 2 and 1 within the fair value hierarchy, liabilities	0	0
Interest rate contracts
Liabilities:
Total liabilities	(1)	(1)
Non-qualified employee benefit plan investments
Assets:
Equity Securities, FV-NI	24	33
Quoted prices in active markets for identical assets (Level 1) | Non-qualified employee benefit plan investments
Assets:
Equity Securities, FV-NI	24	33
Significant other observable inputs (Level 2) | Interest rate contracts
Liabilities:
Total liabilities	$ (1)	$ (1)

FAIR VALUE - INSTRUMENTS MEASUR

FAIR VALUE - INSTRUMENTS MEASURED AT FAIR VALUE ON A RECURRING BASIS USING SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3) AND INSTRUMENTS MEASURED AT FAIR VALUE ON A NON-RECURRING BASIS (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)instrument	Mar. 31, 2017USD ($)
Reconciliation of beginning and ending balances for assets measured at fair value on a recurring basis
Number of instruments categorized as Level 3 | instrument	0
Total (losses) gains:
Impairment of long-lived assets	$ 0	$ 0
Cross Currency Interest Rate Contracts
Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
Balance at beginning of period		29
Total (losses) gains:
Included in earnings		0
Balance at end of period		$ 29

REVENUE RECOGNITION (Details)

REVENUE RECOGNITION (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)
Disaggregation of revenue
Total revenues	$ 2,295
MDI Urethanes
Disaggregation of revenue
Total revenues	1,085
MTBE
Disaggregation of revenue
Total revenues	137
Differentiated
Disaggregation of revenue
Total revenues	539
Upstream
Disaggregation of revenue
Total revenues	64
Specialty
Disaggregation of revenue
Total revenues	236
Non-specialty
Disaggregation of revenue
Total revenues	43
Textile Chemicals and Dyes and Digital Inks
Disaggregation of revenue
Total revenues	200
U.S. and Canada
Disaggregation of revenue
Total revenues	778
Europe
Disaggregation of revenue
Total revenues	600
Asia Pacific
Disaggregation of revenue
Total revenues	591
Rest of world
Disaggregation of revenue
Total revenues	326
Operating segments | Polyurethanes
Disaggregation of revenue
Total revenues	1,222
Operating segments | Polyurethanes | MDI Urethanes
Disaggregation of revenue
Total revenues	1,085
Operating segments | Polyurethanes | MTBE
Disaggregation of revenue
Total revenues	137
Operating segments | Polyurethanes | U.S. and Canada
Disaggregation of revenue
Total revenues	357
Operating segments | Polyurethanes | Europe
Disaggregation of revenue
Total revenues	340
Operating segments | Polyurethanes | Asia Pacific
Disaggregation of revenue
Total revenues	299
Operating segments | Polyurethanes | Rest of world
Disaggregation of revenue
Total revenues	226
Operating segments | Performance Products
Disaggregation of revenue
Total revenues	603
Operating segments | Performance Products | Differentiated
Disaggregation of revenue
Total revenues	539
Operating segments | Performance Products | Upstream
Disaggregation of revenue
Total revenues	64
Operating segments | Performance Products | U.S. and Canada
Disaggregation of revenue
Total revenues	343
Operating segments | Performance Products | Europe
Disaggregation of revenue
Total revenues	108
Operating segments | Performance Products | Asia Pacific
Disaggregation of revenue
Total revenues	110
Operating segments | Performance Products | Rest of world
Disaggregation of revenue
Total revenues	42
Operating segments | Advanced Materials
Disaggregation of revenue
Total revenues	279
Operating segments | Advanced Materials | Specialty
Disaggregation of revenue
Total revenues	236
Operating segments | Advanced Materials | Non-specialty
Disaggregation of revenue
Total revenues	43
Operating segments | Advanced Materials | U.S. and Canada
Disaggregation of revenue
Total revenues	69
Operating segments | Advanced Materials | Europe
Disaggregation of revenue
Total revenues	118
Operating segments | Advanced Materials | Asia Pacific
Disaggregation of revenue
Total revenues	68
Operating segments | Advanced Materials | Rest of world
Disaggregation of revenue
Total revenues	24
Operating segments | Textile Effects
Disaggregation of revenue
Total revenues	200
Operating segments | Textile Effects | Textile Chemicals and Dyes and Digital Inks
Disaggregation of revenue
Total revenues	200
Operating segments | Textile Effects | U.S. and Canada
Disaggregation of revenue
Total revenues	17
Operating segments | Textile Effects | Europe
Disaggregation of revenue
Total revenues	35
Operating segments | Textile Effects | Asia Pacific
Disaggregation of revenue
Total revenues	114
Operating segments | Textile Effects | Rest of world
Disaggregation of revenue
Total revenues	34
Eliminations
Disaggregation of revenue
Total revenues	(9)
Eliminations | U.S. and Canada
Disaggregation of revenue
Total revenues	(8)
Eliminations | Europe
Disaggregation of revenue
Total revenues	$ (1)

EMPLOYEE BENEFIT PLANS (Details

EMPLOYEE BENEFIT PLANS (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Components of net periodic benefit cost
Amortization of actuarial loss	$ 17	$ 19
Contributions to pension and other postretirement benefit plans	25	11
Expected contributions to pension and other postretirement benefit plans during remainder of 2017	73
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Components of net periodic benefit cost
Amortization of actuarial loss	20	20
Defined Benefit Plans
Components of net periodic benefit cost
Service cost	17	15
Interest cost	20	20
Expected return on plan assets	(43)	(38)
Amortization of prior service credit	(2)	(2)
Amortization of actuarial loss	18	18
Settlement loss	2
Net periodic benefit cost	12	13
Defined Benefit Plans | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Components of net periodic benefit cost
Service cost	17	15
Interest cost	20	20
Expected return on plan assets	(43)	(38)
Amortization of prior service credit	(2)	(2)
Amortization of actuarial loss	19	19
Settlement loss	2
Net periodic benefit cost	13	14
Other Postretirement Benefit Plans
Components of net periodic benefit cost
Service cost	1	1
Interest cost	1	1
Amortization of prior service credit	(1)	(2)
Amortization of actuarial loss		1
Net periodic benefit cost	1	1
Other Postretirement Benefit Plans | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Components of net periodic benefit cost
Service cost	1	1
Interest cost	1	1
Amortization of prior service credit	(1)	(2)
Amortization of actuarial loss		1
Net periodic benefit cost	$ 1	$ 1

HUNTSMAN CORPORATION STOCKHOL65

HUNTSMAN CORPORATION STOCKHOLDERS’ EQUITY (Details) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended	3 Months Ended
	Apr. 19, 2018	Mar. 31, 2018	Mar. 31, 2017	Feb. 07, 2018
SHARE REPURCHASE PROGRAM
Number of shares repurchased	1,822,315	1,685,300
Value of stock repurchased	$ 52	$ 51
DIVIDENDS ON COMMON STOCK
Cash dividends paid		$ 39	$ 30
Cash dividends paid (in dollars per share)		$ 0.1625	$ 0.125
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				$ 400

OTHER COMPREHENSIVE INCOME - CO

OTHER COMPREHENSIVE INCOME - COMPONENTS AND CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS - HUNTSMAN CORPORATION (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016
Components of other comprehensive income
Balance at the beginning of the period	$ 3,371	$ 1,467	$ 1,467
Revised beginning balance			3,371
Other comprehensive income, net of tax	103	97
Balance at the end of the period	3,769	1,649	3,371	$ 1,467
Total
Components of other comprehensive income
Balance at the beginning of the period	(1,411)	(1,707)	(1,707)
Revised beginning balance			(1,421)
Other comprehensive (loss) income before reclassifications, gross	81	76
Tax benefit (expense)	1	3
Amounts reclassified from accumulated other comprehensive loss, gross	22	19
Tax benefit (expense)	(1)	(1)
Other comprehensive income, net of tax		97
Net current-period other comprehensive income (loss)	103
Balance at the end of the period	(1,318)	(1,610)	(1,411)	(1,707)
Foreign currency translation adjustment
Components of other comprehensive income
Balance at the beginning of the period	(249)	(459)	(459)
Revised beginning balance			(249)
Other comprehensive (loss) income before reclassifications, gross	83	74
Tax benefit (expense)	4	3
Other comprehensive income, net of tax		77
Net current-period other comprehensive income (loss)	87
Balance at the end of the period	(162)	(382)	(249)	(459)
Foreign currency translation adjustment, tax	61	97	65	100
Pension and other postretirement benefits adjustments
Components of other comprehensive income
Balance at the beginning of the period	(1,189)	(1,275)	(1,275)
Revised beginning balance			(1,189)
Other comprehensive (loss) income before reclassifications, gross	(2)
Amounts reclassified from accumulated other comprehensive loss, gross	22	19
Tax benefit (expense)	5	(1)
Other comprehensive income, net of tax		18
Net current-period other comprehensive income (loss)	25
Balance at the end of the period	(1,164)	(1,257)	(1,189)	(1,275)
Pension and other postretirement benefits adjustments, tax	177	176	172	177
Other comprehensive income of unconsolidated affiliates
Components of other comprehensive income
Balance at the beginning of the period	3	4	4
Revised beginning balance			3
Balance at the end of the period	3	4	3	4
Other, net
Components of other comprehensive income
Balance at the beginning of the period	24	23	23
Revised beginning balance			14
Other comprehensive (loss) income before reclassifications, gross		2
Tax benefit (expense)	(3)
Tax benefit (expense)	(6)
Other comprehensive income, net of tax		2
Net current-period other comprehensive income (loss)	(9)
Balance at the end of the period	5	25	24	23
Amounts attributable to noncontrolling interests
Components of other comprehensive income
Balance at the beginning of the period	143	36	36
Revised beginning balance			143
Other comprehensive (loss) income before reclassifications, gross	(7)	(2)
Other comprehensive income, net of tax		(2)
Net current-period other comprehensive income (loss)	(7)
Disposition of a portion of P and A Business	(16)
Balance at the end of the period	120	34	143	36
Accumulated other comprehensive (loss) income
Components of other comprehensive income
Balance at the beginning of the period	(1,268)	(1,671)	(1,671)
Revised beginning balance			(1,278)
Other comprehensive (loss) income before reclassifications, gross	74	74
Tax benefit (expense)	1	3
Amounts reclassified from accumulated other comprehensive loss, gross	22	19
Tax benefit (expense)	(1)	(1)
Other comprehensive income, net of tax	80	95
Net current-period other comprehensive income (loss)	96
Disposition of a portion of P and A Business	(16)
Balance at the end of the period	$ (1,198)	$ (1,576)	(1,268)	$ (1,671)
Asu 2016-01 | Total
Components of other comprehensive income
Cumulative effect of changes in fair value of equity investments			(10)
Asu 2016-01 | Other, net
Components of other comprehensive income
Cumulative effect of changes in fair value of equity investments			(10)
Asu 2016-01 | Accumulated other comprehensive (loss) income
Components of other comprehensive income
Cumulative effect of changes in fair value of equity investments			$ (10)

OTHER COMPREHENSIVE INCOME - RE

OTHER COMPREHENSIVE INCOME - RECLASSIFICATION DETAILS - HUNTSMAN CORPORATION (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Pension and other postretirement benefits adjustments
Reclassification from accumulated other comprehensive loss
Total before tax	$ 22	$ 19
Income tax benefit (expense)	5	(1)
Net of tax	27	18
Prior service credit
Reclassification from accumulated other comprehensive loss
Total before tax	(3)	(4)
Settlement loss
Reclassification from accumulated other comprehensive loss
Total before tax	2
Actuarial loss
Reclassification from accumulated other comprehensive loss
Total before tax	23	23
Actuarial loss | Discontinued Operations
Reclassification from accumulated other comprehensive loss
Total before tax	$ 4	$ 5

OTHER COMPREHENSIVE INCOME - 68

OTHER COMPREHENSIVE INCOME - COMPONENTS AND CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS - HUNTSMAN INTERNATIONAL (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016
Components of other comprehensive income
Other comprehensive income, net of tax	$ 103	$ 97
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Components of other comprehensive income
Balance at the beginning of the period	2,834	936	$ 936
Revised beginning balance			2,834
Other comprehensive income, net of tax	105	99
Balance at the end of the period	3,279	1,104	2,834	$ 936
Total
Components of other comprehensive income
Other comprehensive (loss) income before reclassifications, gross	81	76
Tax benefit	1	3
Amounts reclassified from accumulated other comprehensive loss, gross	22	19
Tax benefit (expense)	(1)	(1)
Other comprehensive income, net of tax		97
Net current-period other comprehensive income (loss)	103
Total | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Components of other comprehensive income
Balance at the beginning of the period	(1,406)	(1,727)	(1,727)
Revised beginning balance			(1,416)
Other comprehensive (loss) income before reclassifications, gross	80	77
Tax benefit	3	2
Amounts reclassified from accumulated other comprehensive loss, gross	22	21
Tax benefit (expense)		(1)
Other comprehensive income, net of tax		99
Net current-period other comprehensive income (loss)	105
Balance at the end of the period	(1,311)	(1,628)	(1,406)	(1,727)
Foreign currency translation adjustment
Components of other comprehensive income
Other comprehensive (loss) income before reclassifications, gross	83	74
Tax benefit	4	3
Other comprehensive income, net of tax		77
Net current-period other comprehensive income (loss)	87
Foreign currency translation adjustment, tax	61	97	65	100
Foreign currency translation adjustment | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Components of other comprehensive income
Balance at the beginning of the period	(252)	(462)	(462)
Revised beginning balance			(252)
Other comprehensive (loss) income before reclassifications, gross	81	75
Tax benefit	4	2
Other comprehensive income, net of tax		77
Net current-period other comprehensive income (loss)	85
Balance at the end of the period	(167)	(385)	(252)	(462)
Foreign currency translation adjustment, tax	48	84	51	86
Pension and other postretirement benefits adjustments
Components of other comprehensive income
Other comprehensive (loss) income before reclassifications, gross	(2)
Amounts reclassified from accumulated other comprehensive loss, gross	22	19
Tax benefit (expense)	5	(1)
Other comprehensive income, net of tax		18
Net current-period other comprehensive income (loss)	25
Pension and other postretirement benefits adjustments, tax	177	176	172	177
Pension and other postretirement benefits adjustments | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Components of other comprehensive income
Balance at the beginning of the period	(1,174)	(1,286)	(1,286)
Revised beginning balance			(1,174)
Other comprehensive (loss) income before reclassifications, gross	(2)
Amounts reclassified from accumulated other comprehensive loss, gross	22	21
Tax benefit (expense)	5	(1)
Other comprehensive income, net of tax		20
Net current-period other comprehensive income (loss)	25
Balance at the end of the period	(1,149)	(1,266)	(1,174)	(1,286)
Pension and other postretirement benefits adjustments, tax	204	204	199	205
Other comprehensive income of unconsolidated affiliates | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Components of other comprehensive income
Balance at the beginning of the period	3	4	4
Revised beginning balance			3
Other comprehensive (loss) income before reclassifications, gross	1
Net current-period other comprehensive income (loss)	1
Balance at the end of the period	4	4	3	4
Other, net
Components of other comprehensive income
Other comprehensive (loss) income before reclassifications, gross		2
Tax benefit	(3)
Tax benefit (expense)	(6)
Other comprehensive income, net of tax		2
Net current-period other comprehensive income (loss)	(9)
Other, net | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Components of other comprehensive income
Balance at the beginning of the period	17	17	17
Revised beginning balance			7
Other comprehensive (loss) income before reclassifications, gross		2
Tax benefit	(1)
Tax benefit (expense)	(5)
Other comprehensive income, net of tax		2
Net current-period other comprehensive income (loss)	(6)
Balance at the end of the period	1	19	17	17
Amounts attributable to noncontrolling interests
Components of other comprehensive income
Other comprehensive (loss) income before reclassifications, gross	(7)	(2)
Other comprehensive income, net of tax		(2)
Net current-period other comprehensive income (loss)	(7)
Disposition of a portion of P and A Business	(16)
Amounts attributable to noncontrolling interests | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Components of other comprehensive income
Balance at the beginning of the period	143	36	36
Revised beginning balance			143
Other comprehensive (loss) income before reclassifications, gross	(7)	(2)
Other comprehensive income, net of tax		(2)
Net current-period other comprehensive income (loss)	(7)
Disposition of a portion of P and A Business	(16)
Balance at the end of the period	120	34	143	36
Accumulated other comprehensive (loss) income
Components of other comprehensive income
Other comprehensive (loss) income before reclassifications, gross	74	74
Tax benefit	1	3
Amounts reclassified from accumulated other comprehensive loss, gross	22	19
Tax benefit (expense)	(1)	(1)
Other comprehensive income, net of tax	80	95
Net current-period other comprehensive income (loss)	96
Disposition of a portion of P and A Business	(16)
Accumulated other comprehensive (loss) income | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Components of other comprehensive income
Balance at the beginning of the period	(1,263)	(1,691)	(1,691)
Revised beginning balance			(1,273)
Other comprehensive (loss) income before reclassifications, gross	73	75
Tax benefit	3	2
Amounts reclassified from accumulated other comprehensive loss, gross	22	21
Tax benefit (expense)		(1)
Other comprehensive income, net of tax	82	97
Net current-period other comprehensive income (loss)	98
Disposition of a portion of P and A Business	(16)
Balance at the end of the period	$ (1,191)	$ (1,594)	(1,263)	$ (1,691)
Asu 2016-01 | Total
Components of other comprehensive income
Cumulative effect of changes in fair value of equity investments			(10)
Asu 2016-01 | Total | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Components of other comprehensive income
Cumulative effect of changes in fair value of equity investments			(10)
Asu 2016-01 | Other, net
Components of other comprehensive income
Cumulative effect of changes in fair value of equity investments			(10)
Asu 2016-01 | Other, net | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Components of other comprehensive income
Cumulative effect of changes in fair value of equity investments			(10)
Asu 2016-01 | Accumulated other comprehensive (loss) income
Components of other comprehensive income
Cumulative effect of changes in fair value of equity investments			(10)
Asu 2016-01 | Accumulated other comprehensive (loss) income | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Components of other comprehensive income
Cumulative effect of changes in fair value of equity investments			$ (10)

OTHER COMPREHENSIVE INCOME - 69

OTHER COMPREHENSIVE INCOME - RECLASSIFICATION DETAILS - HUNTSMAN INTERNATIONAL (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Pension and other postretirement benefits adjustments
Reclassification from accumulated other comprehensive loss
Total before tax	$ 22	$ 19
Income tax benefit (expense)	5	(1)
Net of tax	27	18
Pension and other postretirement benefits adjustments | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Reclassification from accumulated other comprehensive loss
Total before tax	22	21
Income tax benefit (expense)	5	(1)
Net of tax	27	20
Prior service credit
Reclassification from accumulated other comprehensive loss
Total before tax	(3)	(4)
Prior service credit | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Reclassification from accumulated other comprehensive loss
Total before tax	(3)	(4)
Actuarial loss
Reclassification from accumulated other comprehensive loss
Total before tax	23	23
Actuarial loss | Discontinued Operations
Reclassification from accumulated other comprehensive loss
Total before tax	4	5
Actuarial loss | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Reclassification from accumulated other comprehensive loss
Total before tax	23	25
Actuarial loss | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Discontinued Operations
Reclassification from accumulated other comprehensive loss
Total before tax	4	$ 5
Settlement loss
Reclassification from accumulated other comprehensive loss
Total before tax	2
Settlement loss | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Reclassification from accumulated other comprehensive loss
Total before tax	$ 2

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - LEGAL MATTERS (Details) $ in Millions	Mar. 31, 2018USD ($)
Indemnification Matters
LEGAL MATTERS
Accrued liability relating to the cases	$ 0

ENVIRONMENTAL, HEALTH AND SAF71

ENVIRONMENTAL, HEALTH AND SAFETY MATTERS (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)item	Mar. 31, 2017USD ($)	Dec. 31, 2017USD ($)
Environmental, Health, and Safety Matters
Capital expenditures for EHS matters	$ 6	$ 6
Accrued environmental liabilities	20		$ 21
Environmental liabilities, classified as accrued liabilities	6		6
Environmental liabilities, classified as other noncurrent liabilities	$ 14		$ 15
Maximum period for payment of remediation liabilities	30 years
Number of former facilities or third-party sites with potential claims against the entity for cleanup liabilities | item	6
West Footscray
Environmental, Health, and Safety Matters
Accrued environmental liabilities	$ 14

STOCK-BASED COMPENSATION PLAN -

STOCK-BASED COMPENSATION PLAN - COMPENSATION COST AND STOCK OPTIONS (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	May 05, 2016
STOCK-BASED COMPENSATION PLAN
Compensation cost from continuing operations	$ 8	$ 9
Total income tax benefit recognized in the statements of operations for stock-based compensation arrangements	$ 4	$ 2
2016 Stock Incentive Plan
STOCK-BASED COMPENSATION PLAN
Authorized number of shares to be granted under the Stock Incentive Plan	8,200		8,200
Remaining shares available for grant	8,000
the "Prior Plan"
STOCK-BASED COMPENSATION PLAN
Remaining shares available for grant			0
Stock options
Weighted average of the assumptions utilized for stock options granted
Dividend yield (as a percent)	1.50%	2.40%
Expected volatility (as a percent)	55.20%	56.90%
Risk-free interest rate (as a percent)	2.60%	2.00%
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)	7,988
Granted (in shares)	479
Exercised (in shares)	(715)
Forfeited (in shares)	(12)
Outstanding at the end of the period (in shares)	7,740
Exercisable at the end of the period (in shares)	5,919
Weighted Average Exercise Price
Outstanding at the beginning of the period (in dollars per share)	$ 13.99
Granted (in dollars per share)	32.77
Exercised (in dollars per share)	10.05
Forfeited (in dollars per share)	13.58
Outstanding at the end of the period (in dollars per share)	15.52
Exercisable at the end of the period (in dollars per share)	$ 14.49
Outstanding, Weighted Average Remaining Contractual Term (years)	5 years 10 months 24 days
Exercisable, Weighted Average Remaining Contractual Term (years)	5 years
Outstanding, Aggregate Intrinsic Value (in dollars)	$ 108
Exercisable, Aggregate Intrinsic Value (in dollars)	$ 87
Weighted-average grant-date fair value of stock options granted (in dollars per share)	$ 15.38
Total unrecognized compensation cost	$ 13
Weighted-average period over which cost is expected to be recognized (years)	2 years 3 months 18 days
Total intrinsic value of stock options exercised	$ 17	$ 5
Cash received from stock options exercised	6	17
Cash tax benefit from stock options exercised	$ 3	1
Stock options | Maximum
STOCK-BASED COMPENSATION PLAN
Contractual term	10 years
Outstanding stock-based awards
STOCK-BASED COMPENSATION PLAN
Vesting period	3 years
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
STOCK-BASED COMPENSATION PLAN
Compensation cost from continuing operations	$ 7	8
Total income tax benefit recognized in the statements of operations for stock-based compensation arrangements	$ 4	$ 2

STOCK-BASED COMPENSATION PLAN73

STOCK-BASED COMPENSATION PLAN - NONVESTED SHARES (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Nonvested shares
Additional information
Total unrecognized compensation cost	$ 38
Weighted-average period over which cost is expected to be recognized (years)	2 years 1 month 6 days
Value of share awards vested	$ 22	$ 20
Performance Awards
STOCK-BASED COMPENSATION PLAN
Weighted-average expected volatility rate	44.30%	45.00%
Weighted-average risk-free interest rate (as a percent)	2.30%	1.50%
Additional information
Performance period	3 years	3 years
Equity Awards
Shares
Nonvested at the beginning of the period (in shares)	2,457,000
Granted (in shares)	414,000
Vested (in shares)	(699,000)
Forfeited (in shares)	(107,000)
Nonvested at the end of the period (in shares)	2,065,000
Weighted Average Grant-Date Fair Value
Nonvested at the beginning of the period (in dollars per share)	$ 14.93
Granted (in dollars per share)	35.32
Vested (in dollars per share)	16.71
Forfeited (in dollars per share)	14.97
Nonvested at the end of the period (in dollars per share)	$ 18.42
Liability Awards
Shares
Nonvested at the beginning of the period (in shares)	696,000
Granted (in shares)	169,000
Vested (in shares)	(328,000)
Forfeited (in shares)	(6,000)
Nonvested at the end of the period (in shares)	531,000
Weighted Average Grant-Date Fair Value
Nonvested at the beginning of the period (in dollars per share)	$ 14.69
Granted (in dollars per share)	32.77
Vested (in dollars per share)	14.67
Forfeited (in dollars per share)	14.41
Nonvested at the end of the period (in dollars per share)	$ 20.47
Restricted stock units
Shares
Vested (in shares)	(12,360)
Additional information
Units vested but not yet issued	473,110

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
INCOME TAXES
Net increase (decrease) in unrecognized tax benefits with a corresponding income tax expense	$ 2	$ 2
Total income tax benefit recognized in the statements of operations for stock-based compensation arrangements	4	2
Income tax expense (benefit)	$ 53	19
Effective tax rate (as a percent)	18.00%
Luxembourg
INCOME TAXES
Release of valuation allowance	$ 9
United States
INCOME TAXES
Total income tax benefit recognized in the statements of operations for stock-based compensation arrangements	3
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
INCOME TAXES
Total income tax benefit recognized in the statements of operations for stock-based compensation arrangements	4	2
Income tax expense (benefit)	$ 52	$ 19
Effective tax rate (as a percent)	18.00%

NET INCOME PER SHARE - BASIC AN

NET INCOME PER SHARE - BASIC AND DILUTED INCOME PER SHARE (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Basic and diluted income from continuing operations:
Income from continuing operations attributable to Huntsman Corporation	$ 160	$ 83
Basic and diluted net income:
Net income attributable to Huntsman Corporation or Huntsman International	$ 274	$ 76
Denominator:
Weighted average shares outstanding	240.8	237.4
Dilutive shares:
Stock-based awards (in shares)	5.1	5.1
Total weighted average shares outstanding, including dilutive shares	245.9	242.5

NET INCOME PER SHARE - INFORMAT

NET INCOME PER SHARE - INFORMATION ON STOCK-BASED AWARDS (Details) - shares shares in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Outstanding stock-based awards
Antidilutive shares not included in the computation of income (loss) per share
Weighted average equivalent shares	0.6	2.2

OPERATING SEGMENT INFORMATION -

OPERATING SEGMENT INFORMATION - FINANCIAL INFORMATION BY SEGMENT (Details) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)segment	Mar. 31, 2017USD ($)
OPERATING SEGMENT INFORMATION
Number of reportable segments | segment	4
Revenues	$ 2,295	$ 1,932
Segment adjusted EBITDA	405	260
Reconciliation of adjusted EBITDA to net income:
Interest expense	(27)	(48)
Interest expense - discontinued operations	(9)
Income tax benefit (expense)	(53)	(19)
Income tax expense-discontinued operations	(20)	(3)
Depreciation and amortization - continuing operations	(82)	(76)
Depreciation and amortization - discontinued operations		(30)
Net income attributable to noncontrolling interests	76	16
Other adjustments:
Business acquisition and integration expenses	(1)	(3)
EBITDA from discontinued operations	143	26
Noncontrolling interest of discontinued operations	(55)	(3)
Certain legal and other settlements and related expenses	(7)
Amortization of pension and postretirement actuarial losses	(17)	(19)
Restructuring, impairment and plant closing and transition costs	(3)	(9)
Net income	350	92
Operating segments | Polyurethanes
OPERATING SEGMENT INFORMATION
Revenues	1,222	953
Segment adjusted EBITDA	261	144
Operating segments | Performance Products
OPERATING SEGMENT INFORMATION
Revenues	603	533
Segment adjusted EBITDA	102	84
Operating segments | Advanced Materials
OPERATING SEGMENT INFORMATION
Revenues	279	259
Segment adjusted EBITDA	59	54
Operating segments | Textile Effects
OPERATING SEGMENT INFORMATION
Revenues	200	188
Segment adjusted EBITDA	26	21
Corporate and eliminations
OPERATING SEGMENT INFORMATION
Revenues	(9)	(1)
Corporate and other
OPERATING SEGMENT INFORMATION
Segment adjusted EBITDA	(43)	(43)
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
OPERATING SEGMENT INFORMATION
Revenues	2,295	1,932
Segment adjusted EBITDA	408	262
Reconciliation of adjusted EBITDA to net income:
Interest expense	(32)	(51)
Interest expense - discontinued operations	(9)
Income tax benefit (expense)	(52)	(19)
Income tax expense-discontinued operations	(20)	(3)
Depreciation and amortization - continuing operations	(81)	(74)
Depreciation and amortization - discontinued operations		(30)
Net income attributable to noncontrolling interests	76	16
Other adjustments:
Business acquisition and integration expenses	(1)	(3)
EBITDA from discontinued operations	143	25
Noncontrolling interest of discontinued operations	(55)	(3)
Certain legal and other settlements and related expenses	(7)
Amortization of pension and postretirement actuarial losses	(20)	(20)
Restructuring, impairment and plant closing and transition costs	(3)	(9)
Net income	347	91
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Operating segments | Polyurethanes
OPERATING SEGMENT INFORMATION
Segment adjusted EBITDA	261	144
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Operating segments | Performance Products
OPERATING SEGMENT INFORMATION
Segment adjusted EBITDA	102	84
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Operating segments | Advanced Materials
OPERATING SEGMENT INFORMATION
Segment adjusted EBITDA	59	54
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Operating segments | Textile Effects
OPERATING SEGMENT INFORMATION
Segment adjusted EBITDA	26	21
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Corporate and other
OPERATING SEGMENT INFORMATION
Segment adjusted EBITDA	$ (40)	$ (41)

CONDENSED CONSOLIDATING FINAN78

CONDENSED CONSOLIDATING FINANCIAL INFORMATION - HUNTSMAN INTERNATIONAL - CONDENSED CONSOLIDATING BALANCE SHEETS (Details) - USD ($) $ in Millions		Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	[1]	$ 444	$ 470
Restricted cash	[1]	9	11
Accounts and notes receivable, net	[1]	1,374	1,256
Accounts receivable from affiliates		33	27
Inventories	[1]	1,203	1,073
Prepaid expenses		69	60
Other current assets	[1]	193	202
Current assets held for sale		3,060	2,880
Total current assets		6,385	5,979
Property, plant and equipment, net	[1]	3,117	3,098
Investment in unconsolidated affiliates		284	266
Intangible assets, net	[1]	55	56
Goodwill		141	140
Deferred income taxes		212	208
Other noncurrent assets	[1]	509	497
Total assets		10,703	10,244
Current liabilities:
Accounts payable	[1]	961	946
Accounts payable to affiliates		32	18
Accrued liabilities	[1]	533	569
Current portion of debt	[1]	36	40
Current liabilities held for sale		1,721	1,692
Total current liabilities		3,283	3,265
Long-term debt	[1]	2,298	2,258
Deferred income taxes		269	264
Other noncurrent liabilities	[1]	1,084	1,086
Total liabilities		6,934	6,873
Huntsman International LLC members' equity
(Accumulated deficit) retained earnings		393	161
Accumulated other comprehensive (loss) income		(1,198)	(1,268)
Total liabilities and equity		$ 10,703	10,244
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Condensed consolidating balance sheets
Ownership interest (as a percent)		100.00%
Current assets:
Cash and cash equivalents	[1]	$ 444	468
Restricted cash	[1]	9	11
Accounts and notes receivable, net	[1]	1,374	1,255
Accounts receivable from affiliates		393	373
Inventories	[1]	1,203	1,073
Prepaid expenses		68	59
Other current assets	[1]	196	204
Current assets held for sale		3,060	2,880
Total current assets		6,747	6,323
Property, plant and equipment, net	[1]	3,115	3,095
Investment in unconsolidated affiliates		284	266
Intangible assets, net	[1]	55	56
Goodwill		141	140
Deferred income taxes		212	208
Other noncurrent assets	[1]	511	497
Total assets		11,065	10,585
Current liabilities:
Accounts payable	[1]	961	946
Accounts payable to affiliates		89	70
Accrued liabilities	[1]	531	566
Notes payable to affiliates		100	100
Current portion of debt	[1]	36	40
Current liabilities held for sale		1,721	1,692
Total current liabilities		3,438	3,414
Long-term debt	[1]	2,298	2,258
Notes payable to affiliates		702	742
Deferred income taxes		271	265
Other noncurrent liabilities	[1]	1,077	1,072
Total liabilities		7,786	7,751
Huntsman International LLC members' equity
Members' equity		3,639	3,616
(Accumulated deficit) retained earnings		(28)	(270)
Accumulated other comprehensive (loss) income		(1,191)	(1,263)
Total Huntsman International LLC members' equity		2,420	2,083
Noncontrolling interests in subsidiaries		859	751
Total equity		3,279	2,834	$ 1,104	$ 936
Total liabilities and equity		11,065	10,585
Reportable legal entities | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Parent
Current assets:
Cash and cash equivalents		63	74
Accounts and notes receivable, net		29	36
Accounts receivable from affiliates		971	983
Inventories		118	101
Prepaid expenses		20	21
Other current assets		786	783
Total current assets		1,987	1,998
Property, plant and equipment, net		459	461
Investment in unconsolidated affiliates		6,864	6,364
Intangible assets, net		25	25
Goodwill		(15)	(14)
Deferred income taxes		335	323
Notes receivable from affiliates		72	72
Other noncurrent assets		48	52
Total assets		9,775	9,281
Current liabilities:
Accounts payable		55	74
Accounts payable to affiliates		4,206	4,019
Accrued liabilities		82	89
Notes payable to affiliates		100	100
Current portion of debt		13	17
Total current liabilities		4,456	4,299
Long-term debt		1,964	1,927
Notes payable to affiliates		702	742
Deferred income taxes		12	12
Other noncurrent liabilities		221	218
Total liabilities		7,355	7,198
Huntsman International LLC members' equity
Members' equity		3,639	3,616
(Accumulated deficit) retained earnings		(28)	(270)
Accumulated other comprehensive (loss) income		(1,191)	(1,263)
Total Huntsman International LLC members' equity		2,420	2,083
Total equity		2,420	2,083
Total liabilities and equity		9,775	9,281
Reportable legal entities | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Guarantors
Current assets:
Accounts and notes receivable, net		110	94
Accounts receivable from affiliates		4,236	4,130
Inventories		223	210
Prepaid expenses		9	10
Other current assets		2	3
Total current assets		4,580	4,447
Property, plant and equipment, net		1,101	1,119
Investment in unconsolidated affiliates		2,691	2,268
Goodwill		82	82
Notes receivable from affiliates		582	569
Other noncurrent assets		178	189
Total assets		9,214	8,674
Current liabilities:
Accounts payable		232	214
Accounts payable to affiliates		518	485
Accrued liabilities		819	826
Total current liabilities		1,569	1,525
Deferred income taxes		186	179
Other noncurrent liabilities		269	278
Total liabilities		2,024	1,982
Huntsman International LLC members' equity
Members' equity		2,210	2,216
(Accumulated deficit) retained earnings		3,030	2,749
Accumulated other comprehensive (loss) income		1,950	1,727
Total Huntsman International LLC members' equity		7,190	6,692
Total equity		7,190	6,692
Total liabilities and equity		9,214	8,674
Reportable legal entities | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES | Nonguarantors
Current assets:
Cash and cash equivalents		381	394
Restricted cash		9	11
Accounts and notes receivable, net		1,229	1,120
Accounts receivable from affiliates		589	391
Inventories		864	767
Prepaid expenses		46	39
Other current assets		175	170
Current assets held for sale		3,060	2,880
Total current assets		6,353	5,772
Property, plant and equipment, net		1,555	1,515
Investment in unconsolidated affiliates		284	266
Intangible assets, net		30	31
Goodwill		74	72
Deferred income taxes		212	208
Other noncurrent assets		286	257
Total assets		8,794	8,121
Current liabilities:
Accounts payable		667	652
Accounts payable to affiliates		769	697
Accrued liabilities		404	413
Current portion of debt		23	23
Current liabilities held for sale		1,721	1,692
Total current liabilities		3,584	3,477
Long-term debt		334	331
Notes payable to affiliates		654	642
Deferred income taxes		43	33
Other noncurrent liabilities		587	576
Total liabilities		5,202	5,059
Huntsman International LLC members' equity
Members' equity		3,765	3,641
(Accumulated deficit) retained earnings		100	(116)
Accumulated other comprehensive (loss) income		(1,128)	(1,211)
Total Huntsman International LLC members' equity		2,737	2,314
Noncontrolling interests in subsidiaries		855	748
Total equity		3,592	3,062
Total liabilities and equity		8,794	8,121
Eliminations | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Current assets:
Accounts and notes receivable, net		6	5
Accounts receivable from affiliates		(5,403)	(5,131)
Inventories		(2)	(5)
Prepaid expenses		(7)	(11)
Other current assets		(767)	(752)
Total current assets		(6,173)	(5,894)
Investment in unconsolidated affiliates		(9,555)	(8,632)
Deferred income taxes		(335)	(323)
Notes receivable from affiliates		(654)	(641)
Other noncurrent assets		(1)	(1)
Total assets		(16,718)	(15,491)
Current liabilities:
Accounts payable		7	6
Accounts payable to affiliates		(5,404)	(5,131)
Accrued liabilities		(774)	(762)
Total current liabilities		(6,171)	(5,887)
Notes payable to affiliates		(654)	(642)
Deferred income taxes		30	41
Total liabilities		(6,795)	(6,488)
Huntsman International LLC members' equity
Members' equity		(5,975)	(5,857)
(Accumulated deficit) retained earnings		(3,130)	(2,633)
Accumulated other comprehensive (loss) income		(822)	(516)
Total Huntsman International LLC members' equity		(9,927)	(9,006)
Noncontrolling interests in subsidiaries		4	3
Total equity		(9,923)	(9,003)
Total liabilities and equity		$ (16,718)	$ (15,491)
[1]	At March 31, 2018 and December 31, 2017, respectively, $13 and $15 of cash and cash equivalents, $9 and $11 of restricted cash, $38 and $35 of accounts and notes receivable (net), $52 and $46 of inventories, $7 each of other current assets, $265 and $283 of property, plant and equipment (net), $10 each of intangible assets (net), $57 and $43 of other noncurrent assets, $91 and $109 of accounts payable, $32 each of accrued liabilities, $22 and $21 of current portion of debt, $83 and $86 of longterm debt, and $99 and $98 of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 5. Variable Interest Entities.”

CONDENSED CONSOLIDATING FINAN79

CONDENSED CONSOLIDATING FINANCIAL INFORMATION - HUNTSMAN INTERNATIONAL - CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Condensed consolidating statements of operations and comprehensive loss
Revenues	$ 2,295	$ 1,932
Cost of goods sold	1,755	1,542
Gross profit	540	390
Selling, general and administrative	192	192
Research and development	38	34
Restructuring, impairment and plant closing (credits) costs	2	9
Other operating expense (income), net	12	(7)
Operating income	296	162
Interest (expense) income	(27)	(48)
Equity in income of investment in affiliates and subsidiaries	13
Other income, net	7	4
Income from continuing operations before income taxes	289	118
Income tax benefit (expense)	(53)	(19)
Income from continuing operations	236	99
(Loss) income from discontinued operations, net of tax	114	(7)
Net income	350	92
Net income attributable to noncontrolling interests	(76)	(16)
Net income attributable to Huntsman Corporation or Huntsman International LLC	274	76
Other comprehensive income	103	97
Comprehensive income attributable to noncontrolling interests	(83)	(18)
Comprehensive income attributable to Huntsman Corporation	370	171
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Condensed consolidating statements of operations and comprehensive loss
Revenues	2,295	1,932
Cost of goods sold	1,754	1,540
Gross profit	541	392
Selling, general and administrative	191	190
Research and development	38	34
Restructuring, impairment and plant closing (credits) costs	2	9
Other operating expense (income), net	12	(6)
Operating income	298	165
Interest (expense) income	(32)	(51)
Equity in income of investment in affiliates and subsidiaries	13
Other income, net	6	4
Income from continuing operations before income taxes	285	118
Income tax benefit (expense)	(52)	(19)
Income from continuing operations	233	99
(Loss) income from discontinued operations, net of tax	114	(8)
Net income	347	91
Net income attributable to noncontrolling interests	(76)	(16)
Net income attributable to Huntsman Corporation or Huntsman International LLC	271	75
Other comprehensive income	105	99
Comprehensive income attributable to noncontrolling interests	(83)	(18)
Comprehensive income attributable to Huntsman Corporation	369	172
Eliminations | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Condensed consolidating statements of operations and comprehensive loss
Revenues	(398)	(358)
Cost of goods sold	(401)	(356)
Gross profit	3	(2)
Operating income	3	(2)
Equity in income of investment in affiliates and subsidiaries	(542)	(220)
Dividend income	(43)	(1)
Income from continuing operations before income taxes	(582)	(223)
Income from continuing operations	(582)	(223)
Net income	(582)	(223)
Net income attributable to noncontrolling interests	(1)
Net income attributable to Huntsman Corporation or Huntsman International LLC	(583)	(223)
Other comprehensive income	(306)	(215)
Comprehensive income attributable to noncontrolling interests		(3)
Comprehensive income attributable to Huntsman Corporation	(888)	(441)
Third Party Customers
Condensed consolidating statements of operations and comprehensive loss
Revenues	2,255	1,891
Third Party Customers | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Condensed consolidating statements of operations and comprehensive loss
Revenues	2,255	1,891
Related Party Customers
Condensed consolidating statements of operations and comprehensive loss
Revenues	40	41
Related Party Customers | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Condensed consolidating statements of operations and comprehensive loss
Revenues	40	41
Related Party Customers | Eliminations | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Condensed consolidating statements of operations and comprehensive loss
Revenues	(398)	(358)
Parent | Reportable legal entities | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Condensed consolidating statements of operations and comprehensive loss
Revenues	343	304
Cost of goods sold	286	247
Gross profit	57	57
Selling, general and administrative	58	49
Research and development	12	11
Restructuring, impairment and plant closing (credits) costs	6	1
Other operating expense (income), net	16	3
Operating income	(35)	(7)
Interest (expense) income	(33)	(50)
Equity in income of investment in affiliates and subsidiaries	284	124
Dividend income	43
Other income, net	(1)	1
Income from continuing operations before income taxes	258	68
Income tax benefit (expense)	10	14
Income from continuing operations	268	82
(Loss) income from discontinued operations, net of tax	3	(7)
Net income	271	75
Net income attributable to Huntsman Corporation or Huntsman International LLC	271	75
Other comprehensive income	70	95
Comprehensive income attributable to Huntsman Corporation	341	170
Parent | Third Party Customers | Reportable legal entities | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Condensed consolidating statements of operations and comprehensive loss
Revenues	295	247
Parent | Related Party Customers | Reportable legal entities | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Condensed consolidating statements of operations and comprehensive loss
Revenues	48	57
Guarantors | Reportable legal entities | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Condensed consolidating statements of operations and comprehensive loss
Revenues	694	608
Cost of goods sold	580	527
Gross profit	114	81
Selling, general and administrative	24	31
Research and development	11	10
Other operating expense (income), net	(3)	(15)
Operating income	82	55
Interest (expense) income	6	6
Equity in income of investment in affiliates and subsidiaries	258	95
Other income, net	(1)
Income from continuing operations before income taxes	345	156
Income tax benefit (expense)	(21)	(23)
Income from continuing operations	324	133
Net income	324	133
Net income attributable to Huntsman Corporation or Huntsman International LLC	324	133
Other comprehensive income	223	122
Comprehensive income attributable to Huntsman Corporation	547	255
Guarantors | Third Party Customers | Reportable legal entities | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Condensed consolidating statements of operations and comprehensive loss
Revenues	599	526
Guarantors | Related Party Customers | Reportable legal entities | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Condensed consolidating statements of operations and comprehensive loss
Revenues	95	82
Nonguarantors | Reportable legal entities | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Condensed consolidating statements of operations and comprehensive loss
Revenues	1,656	1,378
Cost of goods sold	1,289	1,122
Gross profit	367	256
Selling, general and administrative	109	110
Research and development	15	13
Restructuring, impairment and plant closing (credits) costs	(4)	8
Other operating expense (income), net	(1)	6
Operating income	248	119
Interest (expense) income	(5)	(7)
Equity in income of investment in affiliates and subsidiaries	13	1
Dividend income		1
Other income, net	8	3
Income from continuing operations before income taxes	264	117
Income tax benefit (expense)	(41)	(10)
Income from continuing operations	223	107
(Loss) income from discontinued operations, net of tax	111	(1)
Net income	334	106
Net income attributable to noncontrolling interests	(75)	(16)
Net income attributable to Huntsman Corporation or Huntsman International LLC	259	90
Other comprehensive income	118	97
Comprehensive income attributable to noncontrolling interests	(83)	(15)
Comprehensive income attributable to Huntsman Corporation	369	188
Nonguarantors | Third Party Customers | Reportable legal entities | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Condensed consolidating statements of operations and comprehensive loss
Revenues	1,361	1,118
Nonguarantors | Related Party Customers | Reportable legal entities | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Condensed consolidating statements of operations and comprehensive loss
Revenues	$ 295	$ 260

CONDENSED CONSOLIDATING FINAN80

CONDENSED CONSOLIDATING FINANCIAL INFORMATION - HUNTSMAN INTERNATIONAL - CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Condensed consolidating statements of cash flows
Net cash provided by operating activities from continuing operations	$ 111	$ 70
Net cash provided by operating activities from discontinued operations	52	23
Net cash provided by operating activities	163	93
Investing Activities:
Capital expenditures	(55)	(51)
Acquisition of businesses, net of cash acquired	(14)
Other, net		4
Net cash used in investing activities from continuing operations	(69)	(47)
Net cash (used in) provided by investing activities from discontinued operations	(67)	24
Net cash used in investing activities	(136)	(23)
Financing activities:
Net repayments on overdraft facilities	(1)
Repayments of short-term debt	(2)	(6)
Borrowings on short-term debt	2	2
Repayments of long-term debt	(4)	(7)
Proceeds from issuance of long-term debt		8
Repayments of notes payable	(9)	(5)
Dividends paid to noncontrolling interests	(18)	(3)
Contribution from noncontrolling interests		2
Proceeds from the secondary offering of P&A Business	44
Cash paid for expenses of the offering of P&A Business	(2)
Net cash used in financing activities	(86)	(31)
Effect of exchange rate changes on cash	16	5
(Decrease) increase in cash, cash equivalents and restricted cash	(43)	44
Cash and cash equivalents from continuing operations at beginning of period	481	396
Cash and cash equivalents from discontinued operations at beginning of period	238	29
Cash and cash equivalents at end of period	676	469
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Condensed consolidating statements of cash flows
Net cash provided by operating activities from continuing operations	105	68
Net cash provided by operating activities from discontinued operations	52	22
Net cash provided by operating activities	157	90
Investing Activities:
Capital expenditures	(55)	(51)
Acquisition of businesses, net of cash acquired	(14)
Increase in receivable in affiliate	(9)	(7)
Other, net		5
Net cash used in investing activities from continuing operations	(78)	(53)
Net cash (used in) provided by investing activities from discontinued operations	(67)	24
Net cash used in investing activities	(145)	(29)
Financing activities:
Net repayments on overdraft facilities	(1)
Repayments of short-term debt	(2)	(6)
Borrowings on short-term debt	2	2
Repayments of long-term debt	(4)	(7)
Proceeds from issuance of long-term debt		8
Repayments of notes payable to affiliate	(40)	(5)
Proceeds from notes payable to affiliate		15
Repayments of notes payable	(9)
Dividends paid to noncontrolling interests	(18)	(3)
Contribution from noncontrolling interests		2
Dividends paid to parent	(39)	(30)
Proceeds from the secondary offering of P&A Business	44
Cash paid for expenses of the offering of P&A Business	(2)
Net cash used in financing activities	(69)	(24)
Effect of exchange rate changes on cash	16	5
(Decrease) increase in cash, cash equivalents and restricted cash	(41)	42
Cash and cash equivalents from continuing operations at beginning of period	479	395
Cash and cash equivalents from discontinued operations at beginning of period	238	29
Cash and cash equivalents at end of period	676	466
Eliminations | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Condensed consolidating statements of cash flows
Net cash provided by operating activities from continuing operations	(41)
Net cash provided by operating activities	(41)
Investing Activities:
Cash paid to consolidated affiliates	71
Investment in affiliate		12
Net cash used in investing activities from continuing operations	71	12
Net cash used in investing activities	71	12
Financing activities:
Contribution from parent	(79)	(19)
Distribution to parent	7	7
Dividends paid to parent	42
Net cash used in financing activities	(30)	(12)
Parent | Reportable legal entities | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Condensed consolidating statements of cash flows
Net cash provided by operating activities from continuing operations	171	65
Net cash provided by operating activities from discontinued operations		(7)
Net cash provided by operating activities	171	58
Investing Activities:
Capital expenditures	(5)	(8)
Cash paid to consolidated affiliates	(70)
Investment in affiliate		(12)
Acquisition of businesses, net of cash acquired	(15)
Increase in receivable in affiliate	(9)	(7)
Net cash used in investing activities from continuing operations	(99)	(27)
Net cash used in investing activities	(99)	(27)
Financing activities:
Repayments of long-term debt		(4)
Repayments of notes payable to affiliate	(40)	(5)
Proceeds from notes payable to affiliate		15
Repayments of notes payable	(4)
Dividends paid to parent	(39)	(30)
Net cash used in financing activities	(83)	(24)
(Decrease) increase in cash, cash equivalents and restricted cash	(11)	7
Cash and cash equivalents from continuing operations at beginning of period	74	37
Cash and cash equivalents at end of period	63	44
Guarantors | Reportable legal entities | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Condensed consolidating statements of cash flows
Net cash provided by operating activities from continuing operations	22	16
Net cash provided by operating activities	22	16
Investing Activities:
Capital expenditures	(15)	(9)
Cash paid to consolidated affiliates	(1)
Net cash used in investing activities from continuing operations	(16)	(9)
Net cash used in investing activities	(16)	(9)
Financing activities:
Contribution from parent	1
Distribution to parent	(7)	(7)
Net cash used in financing activities	(6)	(7)
Nonguarantors | Reportable legal entities | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
Condensed consolidating statements of cash flows
Net cash provided by operating activities from continuing operations	(47)	(13)
Net cash provided by operating activities from discontinued operations	52	29
Net cash provided by operating activities	5	16
Investing Activities:
Capital expenditures	(35)	(34)
Acquisition of businesses, net of cash acquired	1
Other, net		5
Net cash used in investing activities from continuing operations	(34)	(29)
Net cash (used in) provided by investing activities from discontinued operations	(67)	24
Net cash used in investing activities	(101)	(5)
Financing activities:
Net repayments on overdraft facilities	(1)
Repayments of short-term debt	(2)	(6)
Borrowings on short-term debt	2	2
Repayments of long-term debt	(4)	(3)
Proceeds from issuance of long-term debt		8
Repayments of notes payable	(5)
Dividends paid to noncontrolling interests	(18)	(3)
Contribution from noncontrolling interests		2
Contribution from parent	78	19
Dividends paid to parent	(42)
Proceeds from the secondary offering of P&A Business	44
Cash paid for expenses of the offering of P&A Business	(2)
Net cash used in financing activities	50	19
Effect of exchange rate changes on cash	16	5
(Decrease) increase in cash, cash equivalents and restricted cash	(30)	35
Cash and cash equivalents from continuing operations at beginning of period	405	358
Cash and cash equivalents from discontinued operations at beginning of period	238	29
Cash and cash equivalents at end of period	$ 613	$ 422