Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2011
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of estimated useful lives or lease term of property, plant and equipment

 

 

Buildings and equipment

   10 - 33 years

Plant and equipment

   3 - 25 years

Furniture, fixtures and leasehold improvements

   5 - 20 years
Schedule of estimated useful lives of intangible assets

 

 

Patents and technology

   5 - 30 years

Trademarks

   15 - 30 years

Licenses and other agreements

   5 - 15 years

Other intangibles

   5 - 15 years
Schedule of calculation of basic and diluted income (loss) per share

 

 

 
   Year Ended December 31,  
 
   2011   2010   2009  

Numerator:

                    

Basic and diluted income from continuing operations:

                    

Income (loss) from continuing operations attributable to Huntsman Corporation

   $ 244   $ (14 ) $ 127  

Convertible notes interest expense, net of tax

     —     —     —  
               

Income (loss) from continuing operations attributable Huntsman Corporation and assumed conversion

   $ 244   $ (14 ) $ 127  
               

Basic and diluted net income:

                    

Net income attributable to Huntsman Corporation

   $ 247   $ 27   $ 114  

Convertible notes interest expense, net of tax

     —     —     —  
               

Net income attributable to Huntsman Corporation and assumed conversion

   $ 247   $ 27   $ 114  
               

Shares (denominator):

                    

Weighted average shares outstanding

     237.6     236.0     233.9  

Dilutive securities:

                    

Stock-based awards

     4.1     —     4.4  
               

Total outstanding and dilutive shares assuming conversion

     241.7     236.0     238.3