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

Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE (Details 2)

FAIR VALUE (Details 2) (USD $) In Millions, unless otherwise specified	1 Months Ended
	Nov. 30, 2014 item	Mar. 31, 2015	Dec. 31, 2014
Five years cross currency interest rate contract
Assets:
Term of cross currency interest rate contract	5 years
Number of cross currency interest rate contracts	2
Eight years cross currency interest rate contract
Assets:
Term of cross currency interest rate contract	8 years
Number of cross currency interest rate contracts	1
Recurring basis
Liabilities:
Transfers from Levels 1 to 2 within the fair value hierarchy, assets		$ 0	$ 0
Transfers from Levels 1 and 2 within the fair value hierarchy, liabilities		0	0
Transfers from Levels 2 to 1 within the fair value hierarchy, assets		0	0
Transfers from Levels 2 and 1 within the fair value hierarchy, liabilities		0	0
Recurring basis \| Estimated Fair Value
Assets:
Total assets		58	70
Recurring basis \| Estimated Fair Value \| Cross currency interest rate contracts
Assets:
Derivatives		33	48
Recurring basis \| Estimated Fair Value \| Interest rate contracts
Liabilities:
Total liabilities		(7)	(7)
Recurring basis \| Estimated Fair Value \| Equity mutual funds
Assets:
Available-for-sale equity securities		25	22
Recurring basis \| Quoted prices in active markets for identical assets (Level 1)
Assets:
Total assets		25	22
Recurring basis \| Quoted prices in active markets for identical assets (Level 1) \| Equity mutual funds
Assets:
Available-for-sale equity securities		25	22
Recurring basis \| Significant other observable inputs (Level 2)
Assets:
Total assets			43
Recurring basis \| Significant other observable inputs (Level 2) \| Cross currency interest rate contracts
Assets:
Derivatives			43
Recurring basis \| Significant other observable inputs (Level 2) \| Interest rate contracts
Liabilities:
Total liabilities		(7)	(7)
Recurring basis \| Significant unobservable inputs (Level 3)
Assets:
Total assets		33	5
Recurring basis \| Significant unobservable inputs (Level 3) \| Cross currency interest rate contracts
Assets:
Derivatives		$ 33	$ 5