SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)
In Millions, unless otherwise specified |
12 Months Ended | ||
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2012
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Asset Retirement Obligations | |||
Asset retirement obligations | $ 26hun_AssetRetirementObligationsCurrentAndNoncurrent | $ 29hun_AssetRetirementObligationsCurrentAndNoncurrent | |
Foreign Currency Translation | |||
Cumulative inflation rate used to determine if economic environment is highly inflationary (as a percent) | 100.00%hun_CumulativeInflationRateConsideredForEconomicEnvironmentToBeHighlyInflationary | ||
Period used to determine if economic environment is highly inflationary | 3 years | ||
Foreign currency transaction net losses | $ 15us-gaap_ForeignCurrencyTransactionGainLossBeforeTax | $ 11us-gaap_ForeignCurrencyTransactionGainLossBeforeTax | $ 4us-gaap_ForeignCurrencyTransactionGainLossBeforeTax |
Minimum | |||
DERIVATIVES AND HEDGING ACTIVITIES | |||
Minimum interval period of effectiveness assessments | 3 months | ||
Derivative designated as a cash flow hedge, effectiveness percentage (as a percent) |
80.00%hun_CashFlowHedgeDerivativeInstrumentEffectivenessPercentage / us-gaap_RangeAxis = us-gaap_MinimumMember |
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Maximum | |||
DERIVATIVES AND HEDGING ACTIVITIES | |||
Derivative designated as a cash flow hedge, effectiveness percentage (as a percent) |
125.00%hun_CashFlowHedgeDerivativeInstrumentEffectivenessPercentage / us-gaap_RangeAxis = us-gaap_MaximumMember |
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- Definition
Current and noncurrent portion of the carrying amount of a liability for an asset retirement obligation. An asset retirement obligation is a legal obligation associated with the disposal or retirement of a tangible asset that results from the acquisition, construction or development, or the normal operations of an asset, except for certain obligations of lessees. No definition available.
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- Definition
Represents the effectiveness percentage of derivative instruments designated as cash flow hedging instruments. The percentage is calculated by the change in the value of the hedge divided by the change in value of the hedged item. No definition available.
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- Definition
Represents the minimum interval period in which effectiveness assessments of derivative instruments designated as cash flow hedging instrument is carried out. No definition available.
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- Definition
Represents the percentage for determining whether an economic environment is highly inflationary for the purpose of determining the functional currency of the entity. No definition available.
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- Definition
Represents the period used in the calculation to determine whether an economic environment is highly inflationary for the purpose of determining the functional currency of the entity. No definition available.
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- Definition
Amount before tax of foreign currency transaction realized and unrealized gain (loss) recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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