Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details)

v2.4.0.8
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