XML 16 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED AND COMBINED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
STATEMENTS OF OPERATIONS        
Trade sales, services and fees, net $ 582 $ 532 $ 1,681 $ 1,648
Cost of goods sold 446 491 1,351 1,547
Operating expenses:        
Selling, general and administrative (includes corporate allocations from Huntsman Corporation of $9, $27, $62 and $76, respectively) 51 55 159 168
Restructuring, impairment and plant closing costs 16 7 49 31
Other income, net (6) (22) 1 (33)
Total expenses 61 40 209 166
Operating income (loss) 75 1 121 (65)
Interest expense (30) (14) (54) (44)
Interest income 22 2 25 13
Other income       1
Income (loss) from continuing operations before income taxes 67 (11) 92 (95)
Income tax (expense) benefit (14) 7 (26) 14
Income (loss) from continuing operations 53 (4) 66 (81)
Income from discontinued operations, net of tax   2 8 8
Net income (loss) 53 (2) 74 (73)
Net income attributable to noncontrolling interests (2) (3) (8) (8)
Net income (loss) attributable to Venator $ 51 $ (5) $ 66 $ (81)
Basic earnings (losses) per share:        
Income (loss) from continuing operations attributable to Venator Materials PLC ordinary shareholders (in dollars per share) $ 0.48 $ (0.07) $ 0.55 $ (0.84)
Income from discontinued operations attributable to Venator Materials PLC ordinary shareholders (in dollars per share)   0.02 0.08 0.08
Net income (loss) attributable to Huntsman Corporation ordinary shareholders (in dollars per share) 0.48 (0.05) 0.63 (0.76)
Diluted earnings (losses) per share:        
Income (loss) from continuing operations attributable to Venator Materials PLC ordinary shareholders (in dollars per share) 0.48 (0.07) 0.54 (0.84)
Income from discontinued operations attributable to Venator Materials PLC ordinary shareholders (in dollars per share)   0.02 0.08 0.08
Net income (loss) attributable to Venator Materials PLC ordinary shareholders (in dollars per share) $ 0.48 $ (0.05) $ 0.62 $ (0.76)