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 9 Months Ended 9 Months Ended 1 Months Ended 9 Months Ended 1 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended 1 Months Ended 9 Months Ended 1 Months Ended 1 Months Ended
Sep. 30, 2014
USD ($)
Sep. 30, 2014
USD ($)
Sep. 30, 2014
EUR (€)
Sep. 30, 2014
Forward foreign currency contracts
USD ($)
Dec. 31, 2009
Five-year interest rate contract entered in year 2009
Designated as Hedging Instrument
Sep. 30, 2014
Five-year interest rate contract entered in year 2009
Designated as Hedging Instrument
USD ($)
Sep. 30, 2014
Five-year interest rate contract entered in year 2009
Designated as Hedging Instrument
Maximum
USD ($)
Sep. 30, 2014
Five-year interest rate contract entered in year 2009
Designated as Hedging Instrument
LIBOR
Jan. 31, 2010
Five-year interest rate contract entered in year 2010
Designated as Hedging Instrument
Sep. 30, 2014
Five-year interest rate contract entered in year 2010
Designated as Hedging Instrument
USD ($)
Sep. 30, 2014
Five-year interest rate contract entered in year 2010
Designated as Hedging Instrument
Maximum
USD ($)
Sep. 30, 2014
Five-year interest rate contract entered in year 2010
Designated as Hedging Instrument
LIBOR
Sep. 30, 2014
Twelve-year interest rate contract entered in year 2009
Non Designated Hedge Instrument
Arabian Amines Company
USD ($)
Sep. 30, 2014
Twelve-year interest rate contract entered in year 2009
Non Designated Hedge Instrument
Arabian Amines Company
USD ($)
Dec. 31, 2009
Twelve-year interest rate contract entered in year 2009
Non Designated Hedge Instrument
Arabian Amines Company
Sep. 30, 2014
Twelve-year interest rate contract entered in year 2009
Non Designated Hedge Instrument
Arabian Amines Company
LIBOR
Sep. 30, 2014
Floating to fixed interest rate contract
Sasol Huntsman GmbH and Co. KG
USD ($)
Sep. 30, 2014
Floating to fixed interest rate contract
Sasol Huntsman GmbH and Co. KG
EUR (€)
Sep. 30, 2014
Floating to fixed interest rate contract
Sasol Huntsman GmbH and Co. KG
USD ($)
Sep. 30, 2014
Floating to fixed interest rate contract
Sasol Huntsman GmbH and Co. KG
EUR (€)
Dec. 31, 2009
Floating to fixed interest rate contract
Sasol Huntsman GmbH and Co. KG
Sep. 30, 2014
Floating to fixed interest rate contract
Sasol Huntsman GmbH and Co. KG
Maximum
USD ($)
Sep. 30, 2014
Floating to fixed interest rate contract
Sasol Huntsman GmbH and Co. KG
Maximum
EUR (€)
Dec. 31, 2009
Floating to fixed interest rate contract
Sasol Huntsman GmbH and Co. KG
Eurodollar
Sep. 30, 2014
Caps interest rate contract
Sasol Huntsman GmbH and Co. KG
USD ($)
Sep. 30, 2014
Caps interest rate contract
Sasol Huntsman GmbH and Co. KG
EUR (€)
Mar. 31, 2010
Cross Currency Interest Rate Contracts
Designated as Hedging Instrument
USD ($)
Mar. 31, 2010
Cross Currency Interest Rate Contracts
Designated as Hedging Instrument
EUR (€)
Sep. 30, 2014
Cross Currency Interest Rate Contracts
Designated as Hedging Instrument
USD ($)
item
Sep. 30, 2014
Cross Currency Interest Rate Contracts
Designated as Hedging Instrument
EUR (€)
item
Mar. 15, 2015
Cross Currency Interest Rate Contracts
Designated as Hedging Instrument
USD ($)
Mar. 15, 2015
Cross Currency Interest Rate Contracts
Designated as Hedging Instrument
EUR (€)
Sep. 30, 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 December, 2014
LIBOR
Sep. 30, 2011
Forward interest rate contract beginning in January, 2015
Sep. 02, 2011
Forward interest rate contract beginning in January, 2015
USD ($)
Sep. 30, 2011
Forward interest rate contract beginning in January, 2015
LIBOR
Derivative Instruments and Hedging Activities                                                                              
Notional Amounts $ 731 $ 731 € 575 $ 175   $ 50       $ 50     $ 28 $ 28                                         $ 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% 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                                     3            
Strike price (as a percent)                                         3.62%                                    
Notional amount of hedge                                 15 12 15 12         28 22                          
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                            (1)           (1) (1)                                      
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                                                         30                    
Amount of gain (loss) recognized on the hedge of net investments 56 62                                                                          
Net euro assets $ 1,229 $ 1,229 € 967