Huntsman Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

BUSINESS COMBINATIONS AND DISPOSITIONS (Details)

BUSINESS COMBINATIONS AND DISPOSITIONS (Details) (USD $) In Millions, except Per Share data, unless otherwise specified	12 Months Ended	0 Months Ended	3 Months Ended	12 Months Ended	0 Months Ended	12 Months Ended
	Dec. 31, 2014	Oct. 01, 2014	Dec. 31, 2014	Dec. 31, 2013	Aug. 29, 2013	Dec. 31, 2012
Acquisition cost
Contingent consideration paid for acquisition	$ 6
Fair value of assets acquired and liabilities assumed:
Goodwill	122us-gaap_Goodwill		122us-gaap_Goodwill	131us-gaap_Goodwill
Huntsman International
Acquisition cost
Contingent consideration paid for acquisition	6
Fair value of assets acquired and liabilities assumed:
Goodwill	122		122	131
Rockwood Holdings, Inc
Acquisition cost
Cash payments		1,038
Expected purchase price adjustment receivable		(25)
Transaction related costs	24			8
Fair value of assets acquired and liabilities assumed:
Cash		78
Accounts receivable		220
Inventories		400
Prepaid expenses and other current assets		46
Property, plant and equipment		591
Intangible assets		33
Deferred income taxes, non-current		126
Other assets		9
Accounts payable		(146)
Accrued expenses and other current liabilities		(80)
Long-term debt, non-current		(3)
Pension and related liabilities		(233)
Deferred income taxes, non-current		(10)
Other liabilities		(18)
Total fair value of net assets acquired		1,013
Goodwill		0
Revenues			330
Net loss			2
Estimated pro forma revenues and net income (loss) attributable to business acquisition
Revenues	12,724			12,599
Net income attributable to business acquisition	398			100
Basic	$ 1.64			$ 0.42
Diluted	$ 1.62			$ 0.41
Rockwood Holdings, Inc \| Huntsman International
Estimated pro forma revenues and net income (loss) attributable to business acquisition
Revenues	12,724			12,599
Net income attributable to business acquisition	410			98
Oxid
Acquisition cost
Earn-out period					2 years
Contingent consideration paid for acquisition	6
Cash payments					66
Contingent consideration related to the earn-out agreement					10
Acquisition cost					76
Acquired intangible assets estimated useful life	15 years
Fair value of assets acquired and liabilities assumed:
Accounts receivable					9
Inventories					14
Property, plant and equipment					22
Intangible assets					36
Accounts payable					(4)
Accrued expenses and other current liabilities					(1)
Total fair value of net assets acquired					76
Estimated pro forma revenues and net income (loss) attributable to business acquisition
Revenues				11,142		11,269
Net income attributable to business acquisition				135		369
Basic				$ 0.56		$ 1.55
Diluted				$ 0.56		$ 1.53
Oxid \| Huntsman International
Estimated pro forma revenues and net income (loss) attributable to business acquisition
Revenues				11,142		11,269
Net income attributable to business acquisition				133		371
Ciba's textile effects business
Estimated pro forma revenues and net income (loss) attributable to business acquisition
Additional extraordinary gain (loss) on the acquisition						$ 2