Huntsman Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details)

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details) In Millions, unless otherwise specified	3 Months Ended		3 Months Ended		3 Months Ended	12 Months Ended	3 Months Ended	0 Months Ended	3 Months Ended					1 Months Ended
	Mar. 31, 2015 USD ($)	Mar. 31, 2015 EUR (€)	Mar. 31, 2015 Huntsman International USD ($)	Mar. 31, 2015 Forward foreign currency contracts USD ($)	Mar. 31, 2015 Twelve-year interest rate contract entered in year 2009 Non Designated Hedge Instrument Arabian Amines Company USD ($)	Dec. 31, 2009 Twelve-year interest rate contract entered in year 2009 Non Designated Hedge Instrument Arabian Amines Company	Mar. 31, 2015 Twelve-year interest rate contract entered in year 2009 Non Designated Hedge Instrument Arabian Amines Company LIBOR	Mar. 17, 2010 Cross currency interest rate contracts Designated as Hedging Instrument item	Mar. 31, 2015 Cross currency interest rate contracts Designated as Hedging Instrument USD ($)	Nov. 30, 2014 Cross currency interest rate contracts Designated as Hedging Instrument USD ($)	Nov. 30, 2014 Cross currency interest rate contracts Designated as Hedging Instrument EUR (€)	Mar. 17, 2010 Cross currency interest rate contracts Designated as Hedging Instrument USD ($)	Mar. 17, 2010 Cross currency interest rate contracts Designated as Hedging Instrument EUR (€)	Nov. 30, 2014 Five years cross currency interest rate contract item	Nov. 30, 2014 Five years cross currency interest rate contract Designated as Hedging Instrument item	Nov. 30, 2014 Eight years cross currency interest rate contract item	Nov. 30, 2014 Eight years cross currency interest rate contract Designated as Hedging Instrument item	Mar. 31, 2015 Forward interest rate contract beginning in December, 2014 Designated as Hedging Instrument Huntsman International USD ($)	Mar. 31, 2015 Forward interest rate contract beginning in January, 2015 Designated as Hedging Instrument Huntsman International USD ($)
Derivative Instruments and Hedging Activities
Notional Amounts	$ 360invest_DerivativeNotionalAmount	€ 331invest_DerivativeNotionalAmount		$ 245	$ 26					$ 200	€ 161	$ 350	€ 255					$ 50	$ 50
Hedging period of interest rate contract						12 years
Fixed percentage to be paid under the hedge							5.02%											2.50%	2.50%
Variable rate basis							LIBOR
Fair value of the hedge					3													2	2
Additional (reduction of) interest expense due to changes in the fair value of the hedges
Amount received from counterparties	66		66						66
U.S. dollar interest payments to be received twice each year										5
Equivalent annual rate of interest receivable (as a percent)										5.125%	5.125%
U.S. dollar interest payments to be made twice each year											3
Equivalent annual rate of interest payable (as a percent)										3.60%	3.60%
Fair value of the swap									33
Amount of gain (loss) recognized on the hedge of net investments	75
Net euro assets	$ 1,451	€ 1,334
Number of cross currency interest rate contracts								3						2	2	1	1
Term of cross currency interest rate contract								5 years						5 years	5 years	8 years	8 years