Annual report pursuant to Section 13 and 15(d)

VARIABLE INTEREST ENTITIES (Details)

v2.4.0.6
VARIABLE INTEREST ENTITIES (Details) (USD $)
In Millions, unless otherwise specified
 12 Months Ended 12 Months Ended 12 Months Ended 1 Months Ended
Dec. 31, 2011
parent
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2011
Huntsman International LLC and Subsidiaries
Dec. 31, 2010
Huntsman International LLC and Subsidiaries
Dec. 31, 2009
Huntsman International LLC and Subsidiaries
Mar. 31, 2011
Huntsman International LLC and Subsidiaries
Dec. 31, 2011
Consolidated VIE's
ventures
Dec. 31, 2010
Consolidated VIE's
Dec. 31, 2011
Sasol Huntsman GmbH and Co. KG
Y
Dec. 31, 2010
Sasol Huntsman GmbH and Co. KG
Mar. 31, 2011
Sasol Huntsman GmbH and Co. KG
Dec. 31, 2011
Rubicon LLC, Pacific Iron Products and Arabian Amines
Dec. 31, 2010
Rubicon LLC, Pacific Iron Products and Arabian Amines
Apr. 30, 2011
Arabian Amines Company
Identification of variable interest entities through investments and transactions                              
Number of joint ventures               4              
Huntsman share of joint venture (as a percent)                   50.00%          
Joint venture partner share of joint venture (as a percent)                   50.00%          
Equity in income of investment in unconsolidated affiliates $ 8 $ 24 $ 3 $ 8 $ 24 $ 3         $ 18        
Assets and liabilities of VIE                              
Current assets 3,946 4,008   3,761 3,722         54   61 86 90  
Property, plant and equipment, net 3,622 [1] 3,605 [1]   3,510 [1] 3,469 [1]     403 275 141   155 262 275  
Other noncurrent assets 482 [1] 495 [1]   482 [1] 495 [1]     21 18       61 56  
Deferred income taxes 195 166   163 179               45 40  
Intangible assets 91 [1] 105 [1]   93 [1] 107 [1]     23 7 17   16 6 7  
Goodwill 114 94   114 94         15   17      
Total assets 8,657 8,714   8,330 8,307         227   249 460 468  
Current liabilities 1,826 2,053   1,961 2,207         30   23 115 111  
Long-term debt 3,730 [1] 3,627 [1]   3,730 [1] 3,627 [1]     264 185 87   93 182 188  
Deferred income taxes 309 314   106 94         8   8 1    
Other noncurrent liabilities 1,012 [1] 866 [1]   1,003 [1] 852 [1]     111 109 2   7 108 109  
Total liabilities 6,881 6,864   7,239 7,219         127   131 406 408  
Amount receivable after settlement of a dispute                             11
Damages incurred due to the delayed initial acceptance of the plant                             8
Reimbursement of capital expenditures for work left unfinished by the third party contractors                             3
Total goodwill amount deductible for the tax purposes                   12          
Average useful life of all other intangible assets (in years)                   18          
Revenues                   116          
Earnings                   7          
Pro forma revenues                   11,259 9,337        
One time non cash gain                   12          
One-time noncash income tax expense recognized                   2          
Fair value of the noncontrolling interest             61                
Noncontrolling interest (as a percent) 100.00%     100.00%               50.00%      
Number of parents for which tax consequence adjustment is applicable 1                            
Decrease in amount of goodwill due to a change in foreign currency exchange rate                   $ 2          
[1] At December 31, 2011 and 2010, respectively, $44 and $7 of cash and cash equivalents, $2 and nil of restricted cash, $29 and $8 of accounts and notes receivable (net), $47 and $45 of inventories, $1 and $2 of other current assets, $403 and $275 of property, plant and equipment (net), $23 and $7 of intangible assets (net), $21 and $18 of other noncurrent assets, $55 and $56 of accounts payable, $21 and $16 of accrued liabilities, $16 and $15 of current portion of debt, $264 and $185 of long-term debt, and $111 and $109 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See "Note 7. Variable Interest Entities."