Annual report pursuant to Section 13 and 15(d)

DEBT (Details)

v2.4.0.6
DEBT (Details)
In Millions, unless otherwise specified
 12 Months Ended 12 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended 1 Months Ended 1 Months Ended 12 Months Ended
Dec. 31, 2011
USD ($)
Dec. 31, 2010
USD ($)
Dec. 31, 2009
USD ($)
Dec. 31, 2011
Consolidated VIE's
USD ($)
Dec. 31, 2010
Consolidated VIE's
USD ($)
Dec. 31, 2011
Arabian Amines Company
USD ($)
Dec. 31, 2011
Sasol Huntsman GmbH and Co. KG
USD ($)
Mar. 31, 2011
Sasol Huntsman GmbH and Co. KG
USD ($)
Dec. 31, 2011
Huntsman International LLC and Subsidiaries
USD ($)
Dec. 31, 2010
Huntsman International LLC and Subsidiaries
USD ($)
Dec. 31, 2009
Huntsman International LLC and Subsidiaries
USD ($)
Dec. 31, 2011
Huntsman International LLC and Subsidiaries
Consolidated VIE's
USD ($)
Dec. 31, 2010
Huntsman International LLC and Subsidiaries
Consolidated VIE's
USD ($)
Dec. 31, 2011
Australian subsidiary
USD ($)
Dec. 31, 2011
Australian subsidiary
AUD
Jun. 30, 2010
Term loans
USD ($)
Apr. 30, 2010
Term loans
USD ($)
Dec. 31, 2011
Term loans
USD ($)
Dec. 31, 2010
Term loans
USD ($)
Dec. 31, 2011
Term loans
Sasol Huntsman GmbH and Co. KG
USD ($)
Dec. 31, 2011
Term loans
Sasol Huntsman GmbH and Co. KG
EUR (€)
Apr. 02, 2011
Term loans
Sasol Huntsman GmbH and Co. KG
USD ($)
Apr. 02, 2011
Term loans
Sasol Huntsman GmbH and Co. KG
EUR (€)
Dec. 31, 2011
Term loans
Huntsman International LLC and Subsidiaries
USD ($)
Dec. 31, 2010
Term loans
Huntsman International LLC and Subsidiaries
USD ($)
Dec. 31, 2011
Term loans
Australian subsidiary
USD ($)
Dec. 31, 2011
Term loans
Australian subsidiary
AUD
Dec. 31, 2009
Accounts receivable programs
USD ($)
Dec. 31, 2011
Accounts receivable programs
USD ($)
Dec. 31, 2010
Accounts receivable programs
USD ($)
Dec. 31, 2011
Accounts receivable programs
Huntsman International LLC and Subsidiaries
USD ($)
Dec. 31, 2010
Accounts receivable programs
Huntsman International LLC and Subsidiaries
USD ($)
Dec. 31, 2011
U.S. A/R Program Maturing April 2014
USD ($)
Dec. 31, 2011
U.S. A/R Program Maturing April 2014
Maximum
Dec. 31, 2011
U.S. A/R Program Maturing April 2014
Minimum
Dec. 31, 2011
EU A/R Program Maturing April 2014
USD ($)
Dec. 31, 2011
EU A/R Program Maturing April 2014
EUR (€)
Dec. 31, 2010
U.S. A/R Program Maturing October 2011
USD ($)
Dec. 31, 2010
U.S. A/R Program Maturing October 2012
USD ($)
Dec. 31, 2010
EU A/R Program Maturing October 2011
USD ($)
Dec. 31, 2010
EU A/R Program Maturing October 2011
EUR (€)
Dec. 31, 2011
U.S. A/R Program
USD ($)
Dec. 31, 2011
Senior notes
USD ($)
Dec. 31, 2010
Senior notes
USD ($)
Dec. 31, 2011
Senior notes
Huntsman International LLC and Subsidiaries
USD ($)
Dec. 31, 2010
Senior notes
Huntsman International LLC and Subsidiaries
USD ($)
Dec. 31, 2011
Senior Subordinated notes
USD ($)
Dec. 31, 2010
Senior Subordinated notes
USD ($)
Dec. 31, 2011
Senior Subordinated notes
Huntsman International LLC and Subsidiaries
USD ($)
Dec. 31, 2010
Senior Subordinated notes
Huntsman International LLC and Subsidiaries
USD ($)
Dec. 31, 2011
HPS (China) debt
USD ($)
Dec. 31, 2010
HPS (China) debt
USD ($)
Dec. 31, 2011
HPS (China) debt
Huntsman International LLC and Subsidiaries
USD ($)
Dec. 31, 2010
HPS (China) debt
Huntsman International LLC and Subsidiaries
USD ($)
Dec. 31, 2011
HPS (China) secured term and working capital loan facilities
U.S. dollar borrowings
USD ($)
Dec. 31, 2011
HPS (China) secured term and working capital loan facilities
RMB borrowings
USD ($)
Dec. 31, 2011
HPS (China) secured term and working capital loan facilities
RMB borrowings
CNY
Dec. 31, 2011
HPS (China) working capital and commercial drafts facility
RMB borrowings
USD ($)
Dec. 31, 2011
HPS (China) working capital and commercial drafts facility
RMB borrowings
CNY
Dec. 31, 2011
Other debt instruments
USD ($)
Dec. 31, 2010
Other debt instruments
USD ($)
Dec. 31, 2011
Other debt instruments
Huntsman International LLC and Subsidiaries
USD ($)
Dec. 31, 2010
Other debt instruments
Huntsman International LLC and Subsidiaries
USD ($)
Dec. 31, 2011
Revolving Facility
USD ($)
numerator
denominator
Apr. 02, 2011
Revolving Facility
Sasol Huntsman GmbH and Co. KG
USD ($)
Apr. 02, 2011
Revolving Facility
Sasol Huntsman GmbH and Co. KG
EUR (€)
Dec. 31, 2011
Revolving Facility
Australian subsidiary
USD ($)
Dec. 31, 2011
Revolving Facility
Australian subsidiary
AUD
Jun. 30, 2010
Term Loan B
USD ($)
Apr. 30, 2010
Term Loan B
USD ($)
Dec. 31, 2011
Term Loan B
USD ($)
Dec. 31, 2010
Term Loan B
USD ($)
Mar. 31, 2011
Term Loan B
Huntsman International LLC and Subsidiaries
Mar. 07, 2011
Term Loan B
Huntsman International LLC and Subsidiaries
Jun. 30, 2010
Term Loan C
USD ($)
Apr. 30, 2010
Term Loan C
USD ($)
Dec. 31, 2011
Term Loan C
USD ($)
Dec. 31, 2010
Term Loan C
USD ($)
Dec. 31, 2011
Extended Term Loan B
USD ($)
Dec. 31, 2011
Notes receivable from subsidiary
USD ($)
Dec. 31, 2011
Notes receivable from subsidiary
Maximum
Dec. 31, 2011
Notes receivable from subsidiary
Minimum
Dec. 31, 2011
Senior Notes, June 2016
USD ($)
Dec. 31, 2009
Senior Notes, June 2016
Dec. 31, 2011
Senior Subordinated Notes, March 2021
USD ($)
Dec. 31, 2011
Senior Subordinated Notes, March 2020
USD ($)
Dec. 31, 2011
Senior Subordinated Notes, January 2015
USD ($)
Dec. 31, 2011
Senior Subordinated Notes, January 2015
EUR (€)
Dec. 31, 2011
SIDF Facility
Arabian Amines Company
USD ($)
Dec. 31, 2011
SIDF Facility
Arabian Amines Company
SAR
Dec. 31, 2011
Multi- purpose Islamic term facility
Arabian Amines Company
USD ($)
Debt                                                                                                                                                                                      
Total debt - excluding debt to affiliates $ 3,942 $ 4,146   $ 281 $ 200 $ 186     $ 3,942 $ 4,146   $ 281 $ 200         $ 1,696 $ 1,688         $ 1,696 $ 1,688       $ 237 $ 238 $ 237 $ 238                     $ 472 $ 452 $ 472 $ 452 $ 976 $ 1,279 $ 976 $ 1,279 $ 167 $ 188 $ 167 $ 188           $ 113 $ 101 $ 113 $ 101                                                   $ 129 482  
Total current portion of debt 212 [1] 519 [1]   16 15       212 [1] 519 [1]                                                                                                                                                                 57
Long-term portion 3,730 [1] 3,627 [1]   264 185   87 93 3,730 [1] 3,627 [1]                                                                                                                                                                  
Notes payable to affiliates-current                 100 100                                                                                                                                                                  
Notes payable to affiliates-noncurrent 4 4             439 439                                                                                                                                                                  
Total debt 3,946 4,150             4,481 4,685                                                                                                                                                                  
Percentage of amortization of the principal amount of Extended Term Loan B                                                                                                                                                   1.00%                                  
Committed Amount                                           100 77                                                                                 300 6 5                                                  
Principal Outstanding                           26 26                     14 14                                                                               12 12     652           427   650                        
Amount Outstanding                                       95.0 73.0                       90.0     147.0 114.0 27.5 27.5 183.0 139.0                           12.0 75.0 474.0 79.0 499.0                       652.0           394.0   650.0       600.0   530.0 350.0 83.0 64.0      
Reference rate                                                                 USD LIBOR or CP rate     GBP LIBOR, USD LIBOR or EURIBOR GBP LIBOR, USD LIBOR or EURIBOR CP rate USD LIBOR rate GBP LIBOR rate, USD LIBOR rate or EURIBOR rate GBP LIBOR rate, USD LIBOR rate or EURIBOR rate                           LIBOR Peoples Bank of China Rate Peoples Bank of China Rate             US LIBOR             US LIBOR           US LIBOR   US LIBOR                        
Margin interest above reference rate (as a percent)                                                                   1.65% 1.50% 2.00% 2.00% 3.50% 3.75% 3.75% 3.75%                           0.48% 90.00% 90.00%             3.00%             1.50%           2.25%   2.50%                        
Amount of letter of credit and bank guarantees issued and outstanding                                                                                   4                                           20                                                      
Weighted average interest rate at period end                                   2.00%                                                                                                                                                  
Interest rate (as a percent)                                                                                                             1.00% 6.00% 6.00% 6.00% 6.00%                                               5.50%   8.625% 8.625% 7.50% 7.50%      
All in interest rate at period end                                                                                                               6.00% 6.00%                                                                    
Percentage of interest in Zamil Group           50.00%                                                                                                                                                                          
Increase in the interest rate margin (as a percent)                                                                                                                                                 1.00%                                    
Prepayment of term loan                                                                                                                                         83 124         27 40                              
Loss on early extinguishment of debt 7 183 21           7 37 21         (2) (5)                                                                                                                                                    
Loss on accounts receivable securitization program                                                       23                                                                                                                              
Accounts receivable pledged as collateral                                                         633 552                                                                                                                          
Additional amount borrowed                                                                                                               23 145                                                                    
Reduction in applicable margin on borrowings (as a percent)                                                                   1.65% 1.50% 2.00% 2.00%                                                                                                            
Debt refinanced                                                                                                               6 38                                                                    
Outstanding loan due to Huntsman International                                                                                                                                                               535                      
Intercompany note, outstanding amount                                                                                                                                                               100                      
Margin interest below reference rate (as a percent)                                                                                                                                                                 0.25% 0.10%                  
Amount repaid                                                                                                             4 24 151                             16           5                          
A/R Programs                                                                                                                                                                                      
Debt Instrument Covenant Consolidated Leverage Ratio, numerator                                                                                                                               3.75                                                      
Debt Instrument Covenant Consolidated Leverage Ratio, denominator                                                                                                                               1                                                      
Maximum Funding Availability                                                                 250     291 225 125 125 297 225                                                                                                    
Carrying value                                                                                                                                                                     472   543            
Effective interest rate                                                                                                                                                                       11.73%              
Percentage of gurantee, given by Zamil Group           100.00%                                                                                                                                                                          
Outstanding amount of financed insurance premiums $ 15                                                                                                                                                                                    
[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."