|
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Millions, unless otherwise specified
|
12 Months Ended |
|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
| Revenues: |
|
|
|
| Trade sales, services and fees, net |
$ 10,847 |
$ 10,964 |
$ 11,041 |
| Related party sales |
232 |
223 |
180 |
| Total revenues |
11,079 |
11,187 |
11,221 |
| Cost of goods sold |
9,309 |
9,146 |
9,363 |
| Gross profit |
1,770 |
2,041 |
1,858 |
| Operating expenses: |
|
|
|
| Selling, general and administrative |
936 |
934 |
916 |
| Research and development |
140 |
152 |
166 |
| Other operating expense (income) |
10 |
(6) |
(20) |
| Restructuring, impairment and plant closing costs |
151 |
92 |
167 |
| Total expenses |
1,237 |
1,172 |
1,229 |
| Operating income |
533 |
869 |
629 |
| Interest expense, net |
(203) |
(238) |
(262) |
| Equity in income of investment in unconsolidated affiliates |
8 |
7 |
8 |
| Loss on early extinguishment of debt |
(51) |
(80) |
(7) |
| Other income |
2 |
1 |
2 |
| Income from continuing operations before income taxes |
289 |
559 |
370 |
| Income tax expense |
(137) |
(179) |
(113) |
| Income from continuing operations |
152 |
380 |
257 |
| Loss from discontinued operations, net of tax |
(5) |
(7) |
(1) |
| Income before extraordinary gain |
147 |
373 |
256 |
| Extraordinary gain on the acquisition of a business, net of tax of nil |
|
2 |
4 |
| Net income |
147 |
375 |
260 |
| Net income attributable to noncontrolling interests |
(21) |
(10) |
(7) |
| Net income attributable to Huntsman International LLC |
$ 126 |
$ 365 |
$ 253 |