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

Annual report pursuant to Section 13 and 15(d)

EMPLOYEE BENEFIT PLANS (Details 3)

EMPLOYEE BENEFIT PLANS (Details 3) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
U.S. Defined Benefit Plans
Amounts recognized in net periodic benefit cost and other comprehensive income (loss)
Current year actuarial loss (gain)	$ 144	$ (149)	$ 103
Amortization of actuarial loss	(19)	(35)	(21)
Current year prior service (credits) cost			(26)
Amortization of prior service cost (credits)	6	7	6
Total recognized in other comprehensive loss (income)	131	(177)	62
Net periodic benefit cost	29	49	35
Total recognized in net periodic benefit cost and other comprehensive (loss) income	160	(128)	97
Projected benefit obligation:
Discount rate (as a percent)	4.25%	5.13%	4.18%
Rate of compensation increase (as a percent)	4.16%	4.17%	4.19%
Net periodic pension cost:
Discount rate (as a percent)	5.13%	4.18%	5.30%
Rate of compensation increase (as a percent)	4.17%	4.19%	3.88%
Expected return on plan assets (as a percent)	7.75%	7.75%	8.00%
U.S. Defined Benefit Plans \| Huntsman International
Amounts recognized in net periodic benefit cost and other comprehensive income (loss)
Current year actuarial loss (gain)	144	(149)	103
Amortization of actuarial loss	(19)	(35)	(21)
Current year prior service (credits) cost			(26)
Amortization of prior service cost (credits)	6	7	6
Total recognized in other comprehensive loss (income)	131	(177)	62
Net periodic benefit cost	29	49	35
Total recognized in net periodic benefit cost and other comprehensive (loss) income	160	(128)	97
Non-U.S. Defined Benefit Plans
Amounts recognized in net periodic benefit cost and other comprehensive income (loss)
Current year actuarial loss (gain)	257	(40)	272
Amortization of actuarial loss	(34)	(43)	(23)
Current year prior service (credits) cost	(6)	1
Amortization of prior service cost (credits)		(1)	1
Settlements	(13)	(12)	(13)
Total recognized in other comprehensive loss (income)	204	(95)	237
Net periodic benefit cost	46	69	36
Total recognized in net periodic benefit cost and other comprehensive (loss) income	250	(26)	273
Projected benefit obligation:
Discount rate (as a percent)	2.48%	3.62%	3.38%
Rate of compensation increase (as a percent)	3.23%	3.37%	3.34%
Net periodic pension cost:
Discount rate (as a percent)	3.62%	3.38%	4.39%
Rate of compensation increase (as a percent)	3.37%	3.34%	3.44%
Expected return on plan assets (as a percent)	5.82%	5.75%	6.52%
Non-U.S. Defined Benefit Plans \| Huntsman International
Amounts recognized in net periodic benefit cost and other comprehensive income (loss)
Current year actuarial loss (gain)	257	(39)	272
Amortization of actuarial loss	(41)	(49)	(28)
Current year prior service (credits) cost	(6)	1
Amortization of prior service cost (credits)		(1)	1
Settlements	(13)	(12)	(13)
Total recognized in other comprehensive loss (income)	197	(100)	232
Net periodic benefit cost	53	75	41
Total recognized in net periodic benefit cost and other comprehensive (loss) income	250	(25)	273
U.S. Other Postretirement Benefit Plans
Amounts recognized in net periodic benefit cost and other comprehensive income (loss)
Current year actuarial loss (gain)	30	(8)	9
Amortization of actuarial loss	(1)	(2)	(2)
Current year prior service (credits) cost		(22)
Amortization of prior service cost (credits)	4	2	3
Total recognized in other comprehensive loss (income)	33	(30)	10
Net periodic benefit cost	5	9	10
Total recognized in net periodic benefit cost and other comprehensive (loss) income	38	(21)	20
Projected benefit obligation:
Discount rate (as a percent)	4.17%	4.79%	3.89%
Net periodic pension cost:
Discount rate (as a percent)	4.79%	3.89%	5.09%
U.S. Other Postretirement Benefit Plans \| Huntsman International
Amounts recognized in net periodic benefit cost and other comprehensive income (loss)
Current year actuarial loss (gain)	30	(8)	9
Amortization of actuarial loss	(1)	(2)	(2)
Current year prior service (credits) cost		(22)
Amortization of prior service cost (credits)	4	2	3
Total recognized in other comprehensive loss (income)	33	(30)	10
Net periodic benefit cost	5	9	10
Total recognized in net periodic benefit cost and other comprehensive (loss) income	38	(21)	20
Non-U.S. Other Postretirement Benefit Plans
Amounts recognized in net periodic benefit cost and other comprehensive income (loss)
Current year actuarial loss (gain)	1	(1)
Total recognized in other comprehensive loss (income)	1	(1)
Net periodic benefit cost			1
Total recognized in net periodic benefit cost and other comprehensive (loss) income	1	(1)	1
Projected benefit obligation:
Discount rate (as a percent)	6.44%	6.49%	5.79%
Net periodic pension cost:
Discount rate (as a percent)	6.49%	5.79%	6.09%
Non-U.S. Other Postretirement Benefit Plans \| Huntsman International
Amounts recognized in net periodic benefit cost and other comprehensive income (loss)
Current year actuarial loss (gain)	1	(1)
Total recognized in other comprehensive loss (income)	1	(1)
Net periodic benefit cost			1
Total recognized in net periodic benefit cost and other comprehensive (loss) income	$ 1	$ (1)	$ 1