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

Annual report pursuant to Section 13 and 15(d)

FAIR VALUE (Details 2)

FAIR VALUE (Details 2) (USD $) In Millions, unless otherwise specified	1 Months Ended
	Nov. 30, 2014 item	Dec. 31, 2014	Dec. 31, 2013
Five years cross currency interest rate contract
Liabilities:
Term of cross currency interest rate contract	5 years
Number of cross currency interest rate contracts	2
Eight years cross currency interest rate contract
Liabilities:
Term of cross currency interest rate contract	8 years
Number of cross currency interest rate contracts	1
Recurring basis
Liabilities:
Transfers from Levels 1 to 2 within the fair value hierarchy, assets		$ 0	$ 0
Transfers from Levels 1 and 2 within the fair value hierarchy, liabilities		0	0
Transfers from Levels 2 to 1 within the fair value hierarchy, assets		0	0
Transfers from Levels 2 and 1 within the fair value hierarchy, liabilities		0	0
Recurring basis \| Estimated Fair Value
Assets:
Total assets		70	23
Recurring basis \| Estimated Fair Value \| Cross currency interest rate contracts
Assets:
Derivative Asset		48	2
Recurring basis \| Estimated Fair Value \| Interest rate contracts
Liabilities:
Total liabilities		(7)	(10)
Recurring basis \| Estimated Fair Value \| Equity mutual funds
Assets:
Total assets		22	21
Recurring basis \| Quoted prices in active markets for identical assets (Level 1)
Assets:
Total assets		22	21
Recurring basis \| Quoted prices in active markets for identical assets (Level 1) \| Equity mutual funds
Assets:
Total assets		22	21
Recurring basis \| Significant other observable inputs (Level 2)
Assets:
Total assets		43	2
Recurring basis \| Significant other observable inputs (Level 2) \| Cross currency interest rate contracts
Assets:
Derivative Asset		43	2
Recurring basis \| Significant other observable inputs (Level 2) \| Interest rate contracts
Liabilities:
Total liabilities		(7)	(10)
Recurring basis \| Significant unobservable inputs (Level 3)
Assets:
Total assets		5
Recurring basis \| Significant unobservable inputs (Level 3) \| Cross currency interest rate contracts
Assets:
Derivative Asset		$ 5