Note 1 - General |
12 Months Ended |
|---|---|
Dec. 31, 2024 | |
| Notes to Financial Statements | 听 |
| Nature of Operations [Text Block] |
听 Description of Business 听 We are a global manufacturer of diversified organic chemical products. We operate in segments: Polyurethanes, Performance Products and Advanced Materials. Our products comprise many different chemicals and formulations, which we market globally to a wide range of consumers that consist primarily of industrial and building product manufacturers. Our products are used in a broad range of applications, including those in the adhesives, aerospace, automotive, coatings and construction, construction products, durable and non-durable consumer products, electronics, insulation, power generation and听refining. Many of our products offer effects such as premium insulation in homes and buildings and the lightweighting of airplanes and automobiles that help conserve energy. We are a leading global producer in many of our key product lines, including MDI, amines, maleic anhydride and听epoxy-based polymer formulations.听 听 Our company, a Delaware corporation, was formed in 2004 to hold the 乐天堂fun88(中国区)官方网站 businesses, which were founded by Jon M. 乐天堂fun88(中国区)官方网站. Mr. 乐天堂fun88(中国区)官方网站 founded the predecessor to our Company in 1970 as a small polystyrene plastics packaging company. Since then, we have transformed through a series of acquisitions and divestitures and now own a global portfolio of businesses with a primary focus on improving energy efficiency. On February 28, 2023, we completed the sale of our Textile Effects Business to Archroma, and during the first quarter of 2024, we finalized the听purchase price valued at $597听million, which includes adjustments to the purchase price for working capital, plus the assumption of underfunded pension liabilities. For more information, see听鈥淣ote 4. Discontinued Operations鈥� Sale of Textile Effects Business.鈥� We operate all of our businesses through 乐天堂fun88(中国区)官方网站 International, our wholly-owned subsidiary. 乐天堂fun88(中国区)官方网站 International is a Delaware limited liability company and was formed in 1999. 听
Huntsman Corporation and Huntsman International Financial Statements
听
Except where otherwise indicated, these notes relate to the consolidated financial statements for both our Company and 乐天堂fun88(中国区)官方网站 International. The differences between our consolidated financial statements and 乐天堂fun88(中国区)官方网站 International鈥檚 consolidated financial statements relate primarily to different capital structures and purchase accounting recorded at our Company for the
2003 step-acquisition of 乐天堂fun88(中国区)官方网站 International Holdings LLC, the former parent company of 乐天堂fun88(中国区)官方网站 International that was merged into 乐天堂fun88(中国区)官方网站 International in
2005.
听
乐天堂fun88(中国区)官方网站 International declared and paid to us distributions in the form of certain affiliate accounts receivable during
2024 and
2023.
听
Recent Developments 听 Senior Notes Issuance 听 On September 26, 2024, 乐天堂fun88(中国区)官方网站 International completed a $350 million offering of its 2034 Senior Notes. 乐天堂fun88(中国区)官方网站 International used the net proceeds from the offering for general corporate purposes, including repayment of debt. For more information, see 鈥淣ote 8. Debt鈥擠irect and Subsidiary Debt鈥擲enior Notes.鈥� 听 |