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

Annual report pursuant to Section 13 and 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
Notes Tables
Notes Details

EMPLOYEE BENEFIT PLANS (Details 4)

v2.4.1.9

EMPLOYEE BENEFIT PLANS (Details 4) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Expected benefit payments:
Net transfer out of Level 3 assets due to a change in the significance of unobservable inputs for several investments	$ 0
U.S. Defined Benefit Plans
Projected benefit obligation in excess of plan assets
Projected benefit obligation	1,002	871
Fair value of plan assets	761	749
Accumulated benefit obligation in excess of plan assets
Projected benefit obligation	1,002	871
Accumulated benefit obligation	980	853
Fair value of plan assets	761	749
2015 expected employer contributions:
To plan trusts	17
Expected benefit payments:
2015	63
2016	67
2017	60
2018	61
2019	64
2020-2024	342
Non-U.S. Defined Benefit Plans
Projected benefit obligation in excess of plan assets
Projected benefit obligation	2,945	2,234
Fair value of plan assets	2,206	1,797
Accumulated benefit obligation in excess of plan assets
Projected benefit obligation	2,253	1,868
Accumulated benefit obligation	2,108	1,732
Fair value of plan assets	1,554	1,451
2015 expected employer contributions:
To plan trusts	75
Expected benefit payments:
2015	140
2016	119
2017	121
2018	126
2019	130
2020-2024	698
Other Postretirement Benefit Plans
Health care trend rate
Health care trend rate (as a percent)	6.50%	7.00%
Ultimate health care trend rate (as a percent)	5.00%	5.00%
Effects of one-percent-point change in assumed health care cost trend rates
Effect on total of service and interest cost, Increase	1
Effect on total of service and interest cost, Decrease	(1)
Effect on postretirement benefit obligation, Increase	7
Effect on postretirement benefit obligation, Decrease	(5)
U.S. Other Postretirement Benefit Plans
2015 expected employer contributions:
To plan trusts	9
Expected benefit payments:
2015	10
2016	10
2017	10
2018	10
2019	10
2020-2024	45
Non-U.S. Other Postretirement Benefit Plans
Expected benefit payments:
2020-2024	$ 2

- Definition

Represents the assumed health care cost trend rate for the current year used to measure the expected cost of benefits covered by the plan (gross eligible charges). This is based upon the annual rate of change in the cost of health care benefits currently provided by the postretirement benefit plan, due to factors other than changes in the composition of the plan population by age and dependency status.

+ References

No definition available.

+ Details

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- Definition

Amount of effect of a one-percentage-point decrease in the assumed health care cost trend rates on the accumulated postretirement benefit obligation for health care benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-SubTopic 20

-Section 50

-Paragraph 1

-Subparagraph (m)

-URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920

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- Definition

Amount of effect of a one-percentage-point decrease in the assumed health care cost trend rates on the aggregate of the service and interest cost components of net periodic postretirement health care benefit costs.

+ References

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- Definition

The effect of a one-percentage-point increase in the assumed health care cost trend rates on the accumulated postretirement benefit obligation for health care benefits.

+ References

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- Definition

The effect of a one-percentage-point increase in the assumed health care cost trend rates on the aggregate of the service and interest cost components of net periodic postretirement health care benefit costs.

+ References

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- Definition

Amount of benefits from a defined benefit plan expected to be paid in the five fiscal years after the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.

+ References