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

INCOME TAXES (Details 3)

INCOME TAXES (Details 3) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Summary of changes in the valuation allowance
Valuation allowance at the beginning of the period	$ 814	$ 736	$ 756
Valuation allowance at the end of the period	702	814	736
Net decrease	112	(78)	20
Foreign currency movements	(49)	16	7
(Decrease) increase to deferred tax assets with no impact on operating tax expense, including an offsetting (decrease) increase to valuation allowances	13	(38)	(16)
Change in valuation allowance per rate reconciliation	76	(100)	11
Components of change in valuation allowance affecting tax expense
Pre-tax income and pre-tax losses in jurisdictions with valuation allowances resulting in no tax expense or benefit	(32)	(21)	10
Releases of valuation allowances in various jurisdictions	111	16	24
Establishments of valuation allowances in various jurisdictions	(3)	(95)	(23)
Change in valuation allowance per rate reconciliation	76	(100)	11
Expense (benefit) as a result of pre-tax losses in jurisdictions with valuation allowances	0	0	0
Huntsman International
Summary of changes in the valuation allowance
Valuation allowance at the beginning of the period	832	745	768
Valuation allowance at the end of the period	707	832	745
Net decrease	125	(87)	23
Foreign currency movements	(49)	16	7
(Decrease) increase to deferred tax assets with no impact on operating tax expense, including an offsetting (decrease) increase to valuation allowances	12	(37)	(16)
Change in valuation allowance per rate reconciliation	88	(108)	14
Components of change in valuation allowance affecting tax expense
Pre-tax income and pre-tax losses in jurisdictions with valuation allowances resulting in no tax expense or benefit	(31)	(18)	13
Releases of valuation allowances in various jurisdictions	122	16	24
Establishments of valuation allowances in various jurisdictions	(3)	(106)	(23)
Change in valuation allowance per rate reconciliation	88	(108)	14
Expense (benefit) as a result of pre-tax losses in jurisdictions with valuation allowances	$ 0	$ 0	$ 0