Registration of securities issued in business combination transactions

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details)

v2.4.0.8
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details)
In Millions, unless otherwise specified
12 Months Ended 12 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended 1 Months Ended 1 Months Ended
Dec. 31, 2013
USD ($)
Dec. 31, 2012
USD ($)
Dec. 31, 2011
USD ($)
Dec. 31, 2013
EUR (€)
Dec. 31, 2013
Forward foreign currency contracts
USD ($)
Dec. 31, 2012
Forward foreign currency contracts
USD ($)
Dec. 31, 2013
Interest rate contracts
Designated as Hedging Instrument
USD ($)
Dec. 31, 2012
Interest rate contracts
Designated as Hedging Instrument
USD ($)
Dec. 31, 2009
Five-year interest rate contract entered in year 2009
Designated as Hedging Instrument
Dec. 31, 2013
Five-year interest rate contract entered in year 2009
Designated as Hedging Instrument
USD ($)
Dec. 31, 2012
Five-year interest rate contract entered in year 2009
Designated as Hedging Instrument
USD ($)
Jan. 31, 2010
Five-year interest rate contract entered in year 2010
Designated as Hedging Instrument
Dec. 31, 2013
Five-year interest rate contract entered in year 2010
Designated as Hedging Instrument
USD ($)
Dec. 31, 2012
Five-year interest rate contract entered in year 2010
Designated as Hedging Instrument
USD ($)
Dec. 31, 2013
Twelve-year interest rate contract entered in year 2009
Non Designated Hedge Instrument
Arabian Amines Company
USD ($)
Dec. 31, 2009
Twelve-year interest rate contract entered in year 2009
Non Designated Hedge Instrument
Arabian Amines Company
Dec. 31, 2012
Twelve-year interest rate contract entered in year 2009
Non Designated Hedge Instrument
Arabian Amines Company
USD ($)
Dec. 31, 2013
Twelve-year interest rate contract entered in year 2009
Non Designated Hedge Instrument
Arabian Amines Company
Maximum
USD ($)
Dec. 31, 2012
Twelve-year interest rate contract entered in year 2009
Non Designated Hedge Instrument
Arabian Amines Company
Maximum
USD ($)
Dec. 31, 2013
Floating to fixed interest rate contract
USD ($)
Dec. 31, 2013
Floating to fixed interest rate contract
EUR (€)
Dec. 31, 2009
Floating to fixed interest rate contract
Dec. 31, 2012
Floating to fixed interest rate contract
USD ($)
Dec. 31, 2012
Floating to fixed interest rate contract
EUR (€)
Dec. 31, 2012
Floating to fixed interest rate contract
Maximum
USD ($)
Dec. 31, 2012
Floating to fixed interest rate contract
Maximum
EUR (€)
Mar. 31, 2010
Cross Currency Interest Rate Contracts
Designated as Hedging Instrument
USD ($)
Mar. 31, 2010
Cross Currency Interest Rate Contracts
Designated as Hedging Instrument
EUR (€)
Dec. 31, 2013
Cross Currency Interest Rate Contracts
Designated as Hedging Instrument
USD ($)
item
Dec. 31, 2013
Cross Currency Interest Rate Contracts
Designated as Hedging Instrument
EUR (€)
item
Mar. 15, 2015
Cross Currency Interest Rate Contracts
Designated as Hedging Instrument
USD ($)
Mar. 15, 2015
Cross Currency Interest Rate Contracts
Designated as Hedging Instrument
EUR (€)
Dec. 31, 2012
Cross Currency Interest Rate Contracts
Designated as Hedging Instrument
USD ($)
Dec. 31, 2013
Forward interest rate contract beginning in December, 2014 and January, 2015
USD ($)
Dec. 31, 2012
Forward interest rate contract beginning in December, 2014 and January, 2015
USD ($)
Sep. 30, 2011
Forward interest rate contract beginning in December, 2014
Sep. 02, 2011
Forward interest rate contract beginning in December, 2014
USD ($)
Sep. 30, 2011
Forward interest rate contract beginning in January, 2015
Sep. 02, 2011
Forward interest rate contract beginning in January, 2015
USD ($)
Derivative Instruments and Hedging Activities                                                                              
Notional Amounts $ 725     € 525 $ 193 $ 217       $ 50     $ 50   $ 32                                           $ 50   $ 50
Hedging period of interest rate contract                 5 years     5 years       12 years                                              
Fixed percentage to be paid under the hedge                   2.60%     2.80%   5.02%             3.62%                           2.50%   2.50%  
Variable rate basis                   one-month LIBOR rate     one-month LIBOR rate   LIBOR             EURIBOR                           one-month LIBOR   one-month LIBOR  
Fair value of the hedge                   1 2   1 3 4   6                                 3 4        
Strike price (as a percent)                                           3.62%                                  
Notional amount of hedge                                       42 31                                    
Fair value of interest rate derivative not designated as hedging instrument recorded in other noncurrent liabilities                                       1 1   3 2                              
Additional (reduction of) interest expense due to changes in the fair value of the swap                                   (2) (1) (2) (1)       (1) (1)                          
Maximum maturity period of spot or forward exchange rate contracts         3 months                                                                    
Changes in accumulated other comprehensive gain (loss)             3 (1)                                                              
Period of reclassification from accumulated other comprehensive income (loss) to earnings             12 months                                                                
Approximate term of foreign currency contracts         1 month                                                                    
Interest rate (as a percent)                                                         8.625% 8.625%                  
Number of counterparties                                                         3 3                  
Amount paid to counterparties                                                     350                        
Amount received from counterparties                                                       255                      
Amount payable to counterparties on maturity of derivative contract                                                               255              
Amount receivable from counterparties on maturity of derivative contract                                                             350                
U.S. dollar interest payments to be received on March 15 and September 15 of each year                                                         15                    
Equivalent annual rate of interest receivable (as a percent)                                                         8.625% 8.625%                  
U.S. dollar interest payments to be made on March 15 and September 15 of each year                                                           11                  
Equivalent annual rate of interest payable (as a percent)                                                         8.41% 8.41%                  
Fair value of the swap                                                         2       18            
Amount of gain (loss) recognized on the hedge of net investments (22) (11) 5                                                                        
Net euro assets $ 1,364     € 988