Huntsman CORP Revenue Disclosure
18. REVENUE RECOGNITION
The following tables disaggregate our revenue from continuing operations by major source for the years ended December 31, 2025, 2024 and 2023 (dollars in millions):
| 2025 | Polyurethanes | Performance Products | Advanced Materials | Corporate and eliminations | Total | |||||||||||||||
| Primary geographic markets(1): | ||||||||||||||||||||
| U.S. and Canada | $ | 1,454 | $ | 482 | $ | 274 | $ | (13 | ) | $ | 2,197 | |||||||||
| Europe | 908 | 173 | 390 | (15 | ) | 1,456 | ||||||||||||||
| Asia Pacific | 1,087 | 259 | 280 | (3 | ) | 1,623 | ||||||||||||||
| Rest of world | 248 | 83 | 77 | (1 | ) | 407 | ||||||||||||||
| $ | 3,697 | $ | 997 | $ | 1,021 | $ | (32 | ) | $ | 5,683 | ||||||||||
| Major product groupings: | ||||||||||||||||||||
| Diversified | $ | 3,697 | $ | 997 | $ | 4,694 | ||||||||||||||
| Specialty | $ | 975 | 975 | |||||||||||||||||
| Other | 46 | 46 | ||||||||||||||||||
| Eliminations | $ | (32 | ) | (32 | ) | |||||||||||||||
| $ | 3,697 | $ | 997 | $ | 1,021 | $ | (32 | ) | $ | 5,683 | ||||||||||
| 2024 | Polyurethanes | Performance Products | Advanced Materials | Corporate and eliminations | Total | |||||||||||||||
| Primary geographic markets(1): | ||||||||||||||||||||
| U.S. and Canada | $ | 1,532 | $ | 517 | $ | 297 | $ | (6 | ) | $ | 2,340 | |||||||||
| Europe | 975 | 223 | 396 | (18 | ) | 1,576 | ||||||||||||||
| Asia Pacific | 1,075 | 279 | 283 | (3 | ) | 1,634 | ||||||||||||||
| Rest of world | 318 | 90 | 79 | (1 | ) | 486 | ||||||||||||||
| $ | 3,900 | $ | 1,109 | $ | 1,055 | $ | (28 | ) | $ | 6,036 | ||||||||||
| Major product groupings: | ||||||||||||||||||||
| Diversified | $ | 3,900 | $ | 1,109 | $ | 5,009 | ||||||||||||||
| Specialty | $ | 1,009 | 1,009 | |||||||||||||||||
| Other | 46 | 46 | ||||||||||||||||||
| Eliminations | $ | (28 | ) | (28 | ) | |||||||||||||||
| $ | 3,900 | $ | 1,109 | $ | 1,055 | $ | (28 | ) | $ | 6,036 | ||||||||||
| 2023 | Polyurethanes | Performance Products | Advanced Materials | Corporate and eliminations | Total | |||||||||||||||
| Primary geographic markets(1): | ||||||||||||||||||||
| U.S. and Canada | $ | 1,476 | $ | 560 | $ | 323 | $ | (8 | ) | $ | 2,351 | |||||||||
| Europe | 1,022 | 247 | 414 | (16 | ) | 1,667 | ||||||||||||||
| Asia Pacific | 1,063 | 282 | 268 | (2 | ) | 1,611 | ||||||||||||||
| Rest of world | 304 | 89 | 87 | 2 | 482 | |||||||||||||||
| $ | 3,865 | $ | 1,178 | $ | 1,092 | $ | (24 | ) | $ | 6,111 | ||||||||||
| Major product groupings: | ||||||||||||||||||||
| Diversified | $ | 3,865 | $ | 1,178 | $ | 5,043 | ||||||||||||||
| Specialty | $ | 1,029 | 1,029 | |||||||||||||||||
| Other | 63 | 63 | ||||||||||||||||||
| Eliminations | $ | (24 | ) | (24 | ) | |||||||||||||||
| $ | 3,865 | $ | 1,178 | $ | 1,092 | $ | (24 | ) | $ | 6,111 | ||||||||||
| (1) | Geographic information for revenues is based upon countries into which product is sold. |
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 18, 2026 | Showing above |
| 2024 | Feb 18, 2025 | |
About Revenue Disclosures
Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.
Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.