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

Annual report pursuant to Section 13 and 15(d)

EMPLOYEE BENEFIT PLANS (Details)

EMPLOYEE BENEFIT PLANS (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Oct. 01, 2014
Amounts recognized in balance sheet:
Noncurrent asset	8	$ 20
Rockwood Holdings, Inc
DEFINED BENEFIT AND OTHER POSTRETIREMENT BENEFIT PLANS
Pension and related liabilities assumed in acquisition				233
Defined Benefit Plans
Change in plan assets
Fair value of plan assets at end of year	3,300	3,200
Funded status
Fair value of plan assets	3,300	3,200
Defined Benefit Plans \| Minimum
DEFINED BENEFIT AND OTHER POSTRETIREMENT BENEFIT PLANS
Annual pay credits, percentage of eligible pay	4.00%
Additional annual pay credits, percentage of eligible pay for participants in the plan on July 1, 2004	1.00%
Defined Benefit Plans \| Maximum
DEFINED BENEFIT AND OTHER POSTRETIREMENT BENEFIT PLANS
Annual pay credits, percentage of eligible pay	12.00%
Additional annual pay credits, percentage of eligible pay for participants in the plan on July 1, 2004	8.00%
Period of additional annual pay credits	5 years
U.S. Defined Benefit Plans
Change in benefit obligation
Benefit obligation at beginning of year	877	958
Service cost	27	31	26
Interest cost	45	40	42
Acquisitions/divestitures	9
Actuarial loss (gain)	129	(100)
Benefits paid	(86)	(52)
Benefit obligation at end of year	1,001	877	958
Change in plan assets
Fair value of plan assets at beginning of year	755	636
Actual return on plan assets	41	99
Acquisitions/divestitures	6
Company contributions	45	72
Benefits paid	(86)	(52)
Fair value of plan assets at end of year	761	755	636
Funded status
Fair value of plan assets	761	755	636
Benefit obligation	1,001	877	958
Accrued benefit cost	(240)	(122)
Amounts recognized in balance sheet:
Current liability	(6)	(6)
Noncurrent liability	(234)	(116)
Total	(240)	(122)
Non-U.S. Defined Benefit Plans
Change in benefit obligation
Benefit obligation at beginning of year	2,859	2,755
Service cost	32	38	32
Interest cost	102	90	102
Participant contributions	7	9
Plan amendments	(6)	1
Acquisitions/divestitures	333
Foreign currency exchange rate changes	(294)	92
Curtailments	(1)	(5)
Special termination benefits	3	9
Actuarial loss (gain)	458	39
Benefits paid	(176)	(169)
Benefit obligation at end of year	3,317	2,859	2,755
Change in plan assets
Fair value of plan assets at beginning of year	2,443	2,237
Actual return on plan assets	337	198
Foreign currency exchange rate changes	(235)	79
Participant contributions	7	9
Acquisitions/divestitures	106
Company contributions	105	89
Benefits paid	(176)	(169)
Fair value of plan assets at end of year	2,587	2,443	2,237
Funded status
Fair value of plan assets	2,587	2,443	2,237
Benefit obligation	3,317	2,859	2,755
Accrued benefit cost	(730)	(416)
Amounts recognized in balance sheet:
Noncurrent asset	8	20
Current liability	(7)	(6)
Noncurrent liability	(731)	(430)
Total	(730)	(416)
Other Postretirement Benefit Plans
DEFINED BENEFIT AND OTHER POSTRETIREMENT BENEFIT PLANS
Decrease in projected benefit obligation		22
U.S. Other Postretirement Benefit Plans
Change in benefit obligation
Benefit obligation at beginning of year	105	136
Service cost	3	4	4
Interest cost	5	5	7
Participant contributions	3	5
Plan amendments		(22)
Acquisitions/divestitures	3
Actuarial loss (gain)	30	(9)
Benefits paid	(12)	(14)
Benefit obligation at end of year	137	105	136
Change in plan assets
Participant contributions	3	5
Company contributions	9	9
Benefits paid	(12)	(14)
Funded status
Benefit obligation	137	105	136
Accrued benefit cost	(137)	(105)
Amounts recognized in balance sheet:
Current liability	(9)	(9)
Noncurrent liability	(128)	(96)
Total	(137)	(105)
Non-U.S. Other Postretirement Benefit Plans
Change in benefit obligation
Benefit obligation at beginning of year	5	7
Interest cost			1
Foreign currency exchange rate changes		(1)
Actuarial loss (gain)	1
Benefits paid		(1)
Benefit obligation at end of year	6	5	7
Change in plan assets
Company contributions		1
Benefits paid		(1)
Funded status
Benefit obligation	6	5	7
Accrued benefit cost	(6)	(5)
Amounts recognized in balance sheet:
Noncurrent liability	(6)	(5)
Total	(6)	$ (5)