Annual report pursuant to Section 13 and 15(d)

BUSINESS COMBINATIONS (Details)

v3.3.1.900
BUSINESS COMBINATIONS (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended 12 Months Ended
Oct. 01, 2014
Aug. 29, 2013
Jun. 30, 2015
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Acquisition cost            
Contingent consideration paid for acquisition       $ 4 $ 6  
Purchase price adjustment received in 2015     $ (18) (18)    
Huntsman International            
Acquisition cost            
Contingent consideration paid for acquisition       4 6  
Purchase price adjustment received in 2015       (18)    
Rockwood Holdings, Inc            
Acquisition cost            
Transaction related costs       0 24 $ 8
Cash payments $ 1,038          
Expected purchase price adjustment receivable (18)          
Net acquisition cost 1,020          
Fair value of assets acquired and liabilities assumed:            
Cash 77          
Accounts receivable 220          
Inventories 401          
Prepaid expenses and other current assets 55          
Property, plant and equipment 665          
Intangible assets 31          
Deferred income taxes, non-current 106          
Other assets 8          
Accounts payable (146)          
Accrued expenses and other current liabilities (106)          
Long-term debt, non-current (3)          
Pension and related liabilities (233)          
Deferred income taxes, non-current (9)          
Other liabilities (30)          
Total fair value of net assets acquired 1,036          
Noncontrolliing interest (16)          
Total $ 1,020          
Estimated pro forma revenues and net income (loss) attributable to business acquisition            
Revenues       12,724 12,599  
Net income attributable to business acquisition       $ 398 $ 100  
Basic       $ 1.64 $ 0.42  
Diluted       $ 1.62 $ 0.41  
Rockwood Holdings, Inc | Developed technology            
Acquisition cost            
Acquired intangible assets estimated useful life       9 years    
Rockwood Holdings, Inc | Trademarks            
Acquisition cost            
Acquired intangible assets estimated useful life       9 years    
Rockwood Holdings, Inc | Customer relationships            
Acquisition cost            
Acquired intangible assets estimated useful life       9 years    
Rockwood Holdings, Inc | Viance            
Acquisition cost            
Ownership interest of noncontrolling interest (as a percent) 50.00%          
Rockwood Holdings, Inc | Huntsman International            
Estimated pro forma revenues and net income (loss) attributable to business acquisition            
Revenues       $ 12,724 $ 12,599  
Net income attributable to business acquisition       $ 410 98  
Oxid            
Acquisition cost            
Cash payments   $ 66        
Contingent consideration paid for acquisition         $ 6  
Contingent consideration related to the earn-out agreement   10        
Net acquisition cost   $ 76        
Earn-out period   2 years        
Acquired intangible assets estimated useful life       15 years    
Fair value of assets acquired and liabilities assumed:            
Accounts receivable   $ 9        
Inventories   14        
Property, plant and equipment   22        
Intangible assets   36        
Accounts payable   (4)        
Accrued expenses and other current liabilities   (1)        
Total fair value of net assets acquired   $ 76        
Estimated pro forma revenues and net income (loss) attributable to business acquisition            
Revenues           11,142
Net income attributable to business acquisition           $ 135
Basic           $ 0.56
Diluted           $ 0.56
Oxid | Huntsman International            
Estimated pro forma revenues and net income (loss) attributable to business acquisition            
Revenues           $ 11,142
Net income attributable to business acquisition           $ 133