Discontinued Operations

12 Months Ended

Dec. 31, 2019

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Note 17. Discontinued Operations

The Titanium Dioxide, Performance Additives and other businesses were included in Huntsman’s financial results in different legal forms, including, but not limited to: (1) wholly-owned subsidiaries for which the Titanium Dioxide and Performance Additives businesses were the sole businesses; (2) legal entities that are comprised of other businesses and include the Titanium Dioxide and/or Performance Additives businesses; and (3) variable interest entities in which the Titanium Dioxide, Performance Additives and other businesses are the primary beneficiaries. Because the historical consolidated and combined financial information for the periods indicated reflect the combination of these legal entities under common control, the historical consolidated and combined financial information includes the results of operations of other Huntsman businesses that are not a part of our operations after the separation. The legal entity structure of Huntsman was reorganized during the fourth quarter of 2016 and the second quarter of 2017 such that the other businesses would not be included in Venator’s legal entity structure and as such, the discontinued operations presented below reflect financial results of the other businesses through the date of such reorganization.

The following table summarizes the operations data for discontinued operations:

	Year ended December 31, 2017
Revenues:
Trade sales, services and fees, net	$	15
Related party sales	17
Total revenues	32
Cost of goods sold	26
Operating expenses:
Selling, general, and administrative (includes corporate allocations from Huntsman of $1)	(7)
Restructuring, impairment and plant closing costs	1
Other income, net	1
Total operating expenses	(5)
Income from discontinued operations before tax	11
Income tax expense	(3)
Net income from discontinued operations	$	8