Annual report pursuant to Section 13 and 15(d)

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details)

v3.3.1.900
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details)
€ in Millions, $ in Millions
 1 Months Ended 3 Months Ended 12 Months Ended
Mar. 17, 2010
EUR (€)
item
Nov. 30, 2014
EUR (€)
item
Mar. 31, 2015
USD ($)
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Dec. 31, 2013
USD ($)
Dec. 31, 2009
Dec. 31, 2015
EUR (€)
Dec. 31, 2015
USD ($)
Nov. 30, 2014
USD ($)
Mar. 17, 2010
USD ($)
Derivative Instruments and Hedging Activities                        
Accumulated other comprehensive loss expected to be reclassified to earnings       $ 0                
Notional Amounts                 € 751 $ 821    
Amount of gain recognized on the hedge of net investments         $ 68 $ 97 $ (22)          
Net euro assets                 € 1,213 1,325    
Designated as Hedging Instrument                        
Derivative Instruments and Hedging Activities                        
Changes in accumulated other comprehensive gain (loss)         $ 1 2            
Forward interest rate contract beginning in January, 2010 | Designated as Hedging Instrument | Huntsman International                        
Derivative Instruments and Hedging Activities                        
Notional Amounts           $ 50            
Fixed percentage to be paid under the hedge           2.80%            
Fair value of the hedge           $ 1            
Forward interest rate contract beginning in December, 2014 | Designated as Hedging Instrument | Huntsman International                        
Derivative Instruments and Hedging Activities                        
Notional Amounts           $ 50       $ 50    
Fixed percentage to be paid under the hedge           2.50%     2.50% 2.50%    
Fair value of the hedge           $ 2       $ 1    
Forward interest rate contract beginning in January, 2015 | Designated as Hedging Instrument | Huntsman International                        
Derivative Instruments and Hedging Activities                        
Notional Amounts           $ 50       $ 50    
Fixed percentage to be paid under the hedge           2.50%     2.50% 2.50%    
Fair value of the hedge           $ 2       $ 1    
Forward foreign currency contracts                        
Derivative Instruments and Hedging Activities                        
Notional Amounts           179       176    
Maximum maturity period of spot or forward exchange rate contracts         3 months              
Approximate term of foreign currency contracts         1 month              
Twelve-year interest rate contract entered in year 2009 | Non Designated Hedge Instrument | Arabian Amines Company                        
Derivative Instruments and Hedging Activities                        
Notional Amounts                   24    
Hedging period of interest rate contract               12 years        
Fair value of the hedge           3       $ 2    
Additional (reduction of) interest expense due to changes in the fair value of the hedges         $ (1) (1)            
Twelve-year interest rate contract entered in year 2009 | Non Designated Hedge Instrument | Arabian Amines Company | LIBOR                        
Derivative Instruments and Hedging Activities                        
Fixed percentage to be paid under the hedge                 5.02% 5.02%    
Variable rate basis         LIBOR              
Cross currency interest rate contracts                        
Derivative Instruments and Hedging Activities                        
Notional Amounts € 255 € 161                 $ 200 $ 350
U.S. dollar interest payments to be received twice each year                     $ 5  
Equivalent annual rate of interest receivable (as a percent)   5.125%                 5.125%  
U.S. dollar interest payments to be made twice each year | €   € 3                    
Equivalent annual rate of interest payable (as a percent)   3.60%                 3.60%  
Fair value of the swap           $ 43       $ 28    
Cross currency interest rate contracts | Designated as Hedging Instrument                        
Derivative Instruments and Hedging Activities                        
Amount received from counterparties     $ 66                  
Five years cross currency interest rate contract                        
Derivative Instruments and Hedging Activities                        
Number of cross currency interest rate contracts | item 3 2                    
Term of cross currency interest rate contract 5 years 5 years                    
Eight years cross currency interest rate contract                        
Derivative Instruments and Hedging Activities                        
Number of cross currency interest rate contracts | item   1                    
Term of cross currency interest rate contract   8 years