DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details)
In Millions, unless otherwise specified |
12 Months Ended | 12 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 9 Months Ended | 9 Months Ended | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2011
USD ($)
|
Dec. 31, 2010
USD ($)
|
Dec. 31, 2009
USD ($)
|
Dec. 31, 2011
EUR (€)
|
Dec. 31, 2011
Forward foreign currency contracts
USD ($)
month
|
Dec. 31, 2010
Forward foreign currency contracts
USD ($)
|
Dec. 31, 2011
Interest rate contract
Designated as Hedging Instrument
USD ($)
|
Dec. 31, 2010
Interest rate contract
Designated as Hedging Instrument
USD ($)
|
Dec. 31, 2011
Five-year interest rate contract entered in year 2010
Designated as Hedging Instrument
USD ($)
|
Dec. 31, 2010
Five-year interest rate contract entered in year 2010
Designated as Hedging Instrument
USD ($)
|
Dec. 31, 2011
Twelve-year interest rate contract entered in year 2009
Non Designated Hedge Instrument
Arabian Amines Company
USD ($)
|
Dec. 31, 2010
Twelve-year interest rate contract entered in year 2009
Non Designated Hedge Instrument
Arabian Amines Company
USD ($)
|
Dec. 31, 2009
Twelve-year interest rate contract entered in year 2009
Non Designated Hedge Instrument
Arabian Amines Company
|
Dec. 31, 2009
Five-year interest rate contract entered in year 2009
Designated as Hedging Instrument
|
Dec. 31, 2011
Five-year interest rate contract entered in year 2009
Designated as Hedging Instrument
USD ($)
|
Dec. 31, 2010
Five-year interest rate contract entered in year 2009
Designated as Hedging Instrument
USD ($)
|
Dec. 31, 2011
Floating to fixed interest rate contract
USD ($)
|
Dec. 31, 2011
Floating to fixed interest rate contract
EUR (€)
|
Dec. 31, 2009
Floating to fixed interest rate contract
|
Mar. 31, 2010
Cross Currency Interest Rate Contract
Designated as Hedging Instrument
USD ($)
|
Mar. 31, 2010
Cross Currency Interest Rate Contract
Designated as Hedging Instrument
EUR (€)
|
Dec. 31, 2011
Cross Currency Interest Rate Contract
Designated as Hedging Instrument
USD ($)
party
|
Dec. 31, 2010
Cross Currency Interest Rate Contract
Designated as Hedging Instrument
USD ($)
|
Mar. 15, 2015
Cross Currency Interest Rate Contract
Designated as Hedging Instrument
USD ($)
|
Mar. 15, 2015
Cross Currency Interest Rate Contract
Designated as Hedging Instrument
EUR (€)
|
Dec. 31, 2011
Cross Currency Interest Rate Contract
Designated as Hedging Instrument
EUR (€)
|
Dec. 31, 2011
Forward interest rate contract beginning in December, 2014 and January, 2015
USD ($)
|
Sep. 30, 2011
Forward interest rate contract beginning in December, 2014
|
Sep. 02, 2011
Forward interest rate contract beginning in December, 2014
USD ($)
|
Sep. 30, 2011
Forward interest rate contract beginning in January, 2015
|
Sep. 02, 2011
Forward interest rate contract beginning in January, 2015
USD ($)
|
|
Derivative Instruments and Hedging Activities | |||||||||||||||||||||||||||||||
Notional Amounts | $ 263 | $ 183 | $ 50 | $ 38 | $ 50 | $ 50 | $ 50 | ||||||||||||||||||||||||
Hedging period of interest rate contract (in years) | 5 years | 12 years | 5 years | ||||||||||||||||||||||||||||
Fixed percentage to be paid under the hedge | 2.80% | 5.02% | 2.60% | 3.62% | 2.50% | 2.50% | |||||||||||||||||||||||||
Variable rate basis | one-month LIBOR rate | one-month LIBOR rate | EURIBOR | one-month LIBOR rate | one-month LIBOR rate | ||||||||||||||||||||||||||
Fair value of the hedge | (3) | (2) | (6) | (5) | (3) | (2) | (1) | ||||||||||||||||||||||||
Strike price (as a percent) | 3.62% | ||||||||||||||||||||||||||||||
Notional amount of hedge | 66 | 51 | |||||||||||||||||||||||||||||
Fair value of interest rate derivative not designated as hedging instrument recorded in other noncurrent liabilities | (3) | (3) | |||||||||||||||||||||||||||||
Additional (reduction of) interest expense due to changes in the fair value of the swap | 1 | (1) | 2 | 2 | |||||||||||||||||||||||||||
Changes in accumulated other comprehensive (loss) income | 4 | 5 | |||||||||||||||||||||||||||||
Maximum maturity period of spot or forward exchange rate contracts (in months) | 3 | ||||||||||||||||||||||||||||||
Approximate term of foreign currency contracts (in months) | 1 | ||||||||||||||||||||||||||||||
Stated rate of interest (as a percent) | 8.625% | ||||||||||||||||||||||||||||||
Number of counterparties | 3 | ||||||||||||||||||||||||||||||
Amount paid to counterparties | 350 | ||||||||||||||||||||||||||||||
Amount received from counterparties | 255 | ||||||||||||||||||||||||||||||
Amount payable to counterparties on maturity of derivative contract | 255 | ||||||||||||||||||||||||||||||
Amount receivable from counterparties on maturity of derivative contract | 350 | ||||||||||||||||||||||||||||||
U.S. dollar interest payments to be received on March 15 and September 15 of each year | 11 | ||||||||||||||||||||||||||||||
Equivalent annual rate of interest receivable (as a percent) | 8.625% | ||||||||||||||||||||||||||||||
U.S. dollar interest payments to be made on March 15 and September 15 of each year | 15 | ||||||||||||||||||||||||||||||
Equivalent annual rate of interest payable (as a percent) | 8.41% | ||||||||||||||||||||||||||||||
Fair value of the swap | 27 | 19 | |||||||||||||||||||||||||||||
Effective portion of the changes in the fair value | 8 | 7 | |||||||||||||||||||||||||||||
Ineffective portion of the changes in the fair value | 12 | ||||||||||||||||||||||||||||||
Euro-denominated debt and cross currency interest rate swap as a hedge of net investments | 412 | 319 | |||||||||||||||||||||||||||||
Amount of gain (loss) recognized on the hedge of net investments | 5 | 34 | (5) | ||||||||||||||||||||||||||||
Net euro assets | $ 1,503 | € 1,162 | |||||||||||||||||||||||||||||
Period of reclassification from accumulated other comprehensive income (loss) to earnings (in months) | 12 months |