Quarterly report pursuant to Section 13 or 15(d)

VARIABLE INTEREST ENTITIES (Details)

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VARIABLE INTEREST ENTITIES (Details) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2015
Dec. 31, 2014
Assets and liabilities of VIE    
Current assets $ 4,595 $ 5,039
Property, plant and equipment, net [1] 4,328 4,423
Other noncurrent assets [1] 650 538
Deferred income taxes 444 435
Intangible assets, net [1] 92 95
Goodwill 119 122
Total assets 10,578 11,002
Current liabilities 2,122 2,332
Long-term debt [1] 4,920 4,933
Deferred income taxes 339 333
Other noncurrent liabilities [1] 1,348 1,447
Total liabilities 8,736 9,051
Consolidated VIE's    
Assets and liabilities of VIE    
Property, plant and equipment, net 326 339
Other noncurrent assets 28 27
Intangible assets, net 38 40
Long-term debt 147 36
Other noncurrent liabilities 97 97
Rubicon LLC, Pacific Iron Products, Arabian Amines, Sasol Huntsman GmbH And Co. KG and Viance LLC    
Assets and liabilities of VIE    
Current assets 145 186
Property, plant and equipment, net 326 340
Other noncurrent assets 86 70
Deferred income taxes 52 50
Intangible assets, net 38 39
Goodwill 13 14
Total assets 660 699
Current liabilities 194 356
Long-term debt 154 42
Deferred income taxes 8 9
Other noncurrent liabilities 97 97
Total liabilities $ 453 $ 504
Sasol Huntsman GmbH and Co. KG    
Assets and liabilities of VIE    
Variable interest entity ownership percentage 50.00%  
Viance    
Assets and liabilities of VIE    
Variable interest entity ownership percentage 50.00%  
[1] At June 30, 2015 and December 31, 2014, respectively, $28 and $46 of cash and cash equivalents, $9 and $10 of restricted cash, $42 and $41 of accounts and notes receivable (net), $51 and $68 of inventories, $5 and $6 of other current assets, $326 and $339 of property, plant and equipment (net), $38 and $40 of intangible assets (net), $28 and $27 of other noncurrent assets, $77 and $92 of accounts payable, $33 and $37 of accrued liabilities, $18 and $172 of current portion of debt, $147 and $36 of longterm debt, and $97 each of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 5. Variable Interest Entities.”