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CONDENSED COMBINED STATEMENTS OF OPERATIONS - Combined Divisions of Huntsman - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Trade sales, services and fees, net $ 562 $ 576 $ 1,099 $ 1,116
Cost of goods sold 479 543 942 1,056
Operating expenses:        
Selling, general and administrative (includes corporate allocations of $28, $28, $52 and $49 respectively) 57 60 108 113
Restructuring, impairment and plant closing costs 7 13 33 24
Other income, net (40) (18) (30) (11)
Total expenses 24 55 111 126
Operating income (loss) 59 (22) 46 (66)
Interest expense (10) (16) (24) (30)
Interest income 1 7 3 11
Other income   1   1
Income (loss) from continuing operations before income taxes 50 (30) 25 (84)
Income tax (expense) benefit (16) 6 (12) 7
Income (loss) from continuing operations 34 (24) 13 (77)
Income from discontinued operations, net of tax   1 8 6
Net income (loss) 34 (23) 21 (71)
Net income attributable to noncontrolling interests (3) (3) (6) (5)
Net income (loss) attributable to Venator $ 31 $ (26) $ 15 $ (76)