OTHER COMPREHENSIVE INCOME (LOSS) (Tables) - Combined Divisions of Huntsman

6 Months Ended

Jun. 30, 2017

OTHER COMPREHENSIVE INCOME (LOSS)

Schedule of other comprehensive loss

			Pension and other		Other
	Foreign		postretirement		comprehensive				Amounts
	currency		benefits		income of				attributable to		Amounts
	translation		adjustments,		unconsolidated				noncontrolling		attributable to
(Dollars in millions)	adjustment(a)		net of tax(b)		affiliates		Total		interests		Venator
Beginning balance, January 1, 2017	$	(112)	$	(306)	$	(5)	$	(423)	$	—	$	(423)
Adjustments related to other entities under common control		5		24		—		29		—		29
Tax expense		—		(3)		—		(3)		—		(3)
Other comprehensive income before reclassifications		72		—		—		72		—		72
Tax benefit		2		—		—		2		—		2
Amounts reclassified from accumulated other comprehensive loss, gross(c)		—		7		—		7		—		7
Tax expense		—		—		—		—		—		—
Net current-period other comprehensive income		79		28		—		107		—		107
Ending balance, June 30, 2017	$	(33)	$	(278)	$	(5)	$	(316)	$	—	$	(316)

			Pension and other		Other
	Foreign		postretirement		comprehensive				Amounts
	currency		benefits		income of				attributable to		Amounts
	translation		adjustments,		unconsolidated				noncontrolling		attributable to
(Dollars in millions)	adjustment(d)		net of tax(e)		affiliates		Total		interests		Venator
Beginning balance, January 1, 2016	$	(144)	$	(252)	$	(5)	$	(401)	$	—	$	(401)
Adjustments related to other entities under common control		1		1		—		2		—		2
Tax expense		—		—		—		—		—		—
Other comprehensive (loss) income before reclassifications		(62)		6		—		(56)		—		(56)
Tax expense		—		(1)		—		(1)		—		(1)
Amounts reclassified from accumulated other comprehensive loss, gross(c)		—		5		—		5		—		5
Tax benefit		—		1		—		1		—		1
Net current-period other comprehensive (loss) income		(61)		12		—		(49)		—		(49)
Ending balance, June 30, 2016	$	(205)	$	(240)	$	(5)	$	(450)	$	—	$	(450)

(a) Amounts are net of tax of $2 million and nil as of June 30, 2017 and January 1, 2017, respectively.

(b) Amounts are net of tax of $53 million and $56 million as of June 30, 2017 and January 1, 2017, respectively.

(c) See table below for details about the amounts reclassified from accumulated other comprehensive loss.

(d) Amounts are net of tax of nil as of June 30, 2016 and January 1, 2016, each.

(e) Amounts are net of tax of $60 million at June 30, 2016 and January 1, 2016, each.

Schedule of details about reclassifications from other comprehensive loss

	Three months ended				Six months ended
	June 30,				June 30,				Affected line item in the statement
(Dollars in millions)	2017		2016		2017		2016		where net income is presented
Details about Accumulated Other Comprehensive Loss Components(a):
Amortization of pension and other postretirement benefits:
Actuarial loss	$	4	$	3	$	8	$	5	(b)
Prior service credit		(1)		—		(1)		—	(b)
Total amortization		3		3		7		5	Total before tax
Income tax benefit		—		1		—		1	Income tax (expense) benefit
Total reclassifications for the period	$	3	$	4	$	7	$	6	Net of tax

(a) Pension and other postretirement benefit amounts in parentheses indicate credits on our combined statements of operations.

(b) These accumulated other comprehensive loss components are included in the computation of net periodic pension costs.