DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details)
In Millions, unless otherwise specified |
3 Months Ended | 1 Months Ended | 3 Months Ended | 1 Months Ended | 3 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 1 Months Ended | 3 Months Ended | 1 Months Ended | 1 Months Ended | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2014
USD ($)
|
Mar. 31, 2014
EUR (€)
|
Mar. 31, 2014
Maximum
USD ($)
|
Mar. 31, 2014
Forward foreign currency contracts
USD ($)
|
Dec. 31, 2009
Five-year interest rate contract entered in year 2009
Designated as Hedging Instrument
|
Mar. 31, 2014
Five-year interest rate contract entered in year 2009
Designated as Hedging Instrument
USD ($)
|
Jan. 31, 2010
Five-year interest rate contract entered in year 2010
Designated as Hedging Instrument
|
Mar. 31, 2014
Five-year interest rate contract entered in year 2010
Designated as Hedging Instrument
USD ($)
|
Mar. 31, 2014
Twelve-year interest rate contract entered in year 2009
Non Designated Hedge Instrument
Arabian Amines Company
USD ($)
|
Dec. 31, 2009
Twelve-year interest rate contract entered in year 2009
Non Designated Hedge Instrument
Arabian Amines Company
|
Mar. 31, 2014
Floating to fixed interest rate contract
Sasol Huntsman GmbH and Co. KG
USD ($)
|
Dec. 31, 2009
Floating to fixed interest rate contract
Sasol Huntsman GmbH and Co. KG
|
Mar. 31, 2014
Floating to fixed interest rate contract
Sasol Huntsman GmbH and Co. KG
EUR (€)
|
Mar. 31, 2010
Cross Currency Interest Rate Contracts
Designated as Hedging Instrument
USD ($)
|
Mar. 31, 2010
Cross Currency Interest Rate Contracts
Designated as Hedging Instrument
EUR (€)
|
Mar. 31, 2014
Cross Currency Interest Rate Contracts
Designated as Hedging Instrument
USD ($)
item
|
Mar. 31, 2014
Cross Currency Interest Rate Contracts
Designated as Hedging Instrument
EUR (€)
item
|
Mar. 15, 2015
Cross Currency Interest Rate Contracts
Designated as Hedging Instrument
USD ($)
|
Mar. 15, 2015
Cross Currency Interest Rate Contracts
Designated as Hedging Instrument
EUR (€)
|
Mar. 31, 2014
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 | $ 695 | € 505 | $ 201 | $ 50 | $ 50 | $ 30 | $ 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 | one-month LIBOR | LIBOR | EURIBOR | one-month LIBOR | one-month LIBOR | ||||||||||||||||||
Fair value of the hedge | 1 | 1 | 3 | 3 | ||||||||||||||||||||
Strike price (as a percent) | 3.62% | |||||||||||||||||||||||
Notional amount of hedge | 45 | 33 | ||||||||||||||||||||||
Fair value of interest rate derivative not designated as hedging instrument recorded in liabilities | 1 | 1 | ||||||||||||||||||||||
Additional (reduction of) interest expense due to changes in the fair value of the hedges | ||||||||||||||||||||||||
Maximum maturity period of spot or forward exchange rate contracts | 1 year | |||||||||||||||||||||||
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 | 1 | |||||||||||||||||||||||
Amount of gain (loss) recognized on the hedge of net investments | 1 | |||||||||||||||||||||||
Net euro assets | $ 1,394 | € 1,012 |