Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details)

v3.4.0.3
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details)
€ in Millions, $ in Millions
1 Months Ended 3 Months Ended 12 Months Ended
Nov. 30, 2014
EUR (€)
item
Mar. 31, 2010
EUR (€)
item
Mar. 31, 2016
USD ($)
Mar. 31, 2015
USD ($)
Dec. 31, 2009
Mar. 31, 2016
EUR (€)
item
Mar. 31, 2016
USD ($)
item
Nov. 30, 2014
USD ($)
item
Mar. 31, 2010
USD ($)
item
Derivative Instruments and Hedging Activities                  
Notional Amounts           € 621 $ 697    
Amount received from counterparties       $ 66          
Amount of loss recognized on the hedge of net investments     $ 21            
Huntsman International                  
Derivative Instruments and Hedging Activities                  
Amount received from counterparties       66          
Forward foreign currency contracts                  
Derivative Instruments and Hedging Activities                  
Maximum maturity period of spot or forward exchange rate contracts     1 year            
Notional Amounts             $ 185    
Forward foreign currency contracts | Huntsman International                  
Derivative Instruments and Hedging Activities                  
Number of derivative instruments held | item           2 2    
Twelve-year interest rate contract entered in year 2009 | Non Designated Hedge Instrument | Arabian Amines Company                  
Derivative Instruments and Hedging Activities                  
Notional Amounts             $ 22    
Fair value of the hedge             $ 2    
Hedging period of interest rate contract         12 years        
Additional (reduction of) interest expense due to changes in the fair value of the hedges     $ 0 0          
Twelve-year interest rate contract entered in year 2009 | Non Designated Hedge Instrument | Arabian Amines Company | LIBOR                  
Derivative Instruments and Hedging Activities                  
Variable rate basis     LIBOR            
Fixed percentage to be paid under the hedge           5.02% 5.02%    
Cross-currency interest rate contracts | Designated as Hedging Instrument                  
Derivative Instruments and Hedging Activities                  
Notional Amounts € 161 € 255           $ 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             $ 20    
Amount received from counterparties       $ 66          
Five years cross currency interest rate contract | Designated as Hedging Instrument                  
Derivative Instruments and Hedging Activities                  
Number of derivative instruments held | item 2 3           2 3
Term of cross currency interest rate contract 5 years 5 years              
Eight years cross currency interest rate contract | Designated as Hedging Instrument                  
Derivative Instruments and Hedging Activities                  
Number of derivative instruments held | item 1             1  
Term of cross currency interest rate contract 8 years                
Forward interest rate contract beginning in December, 2014 | Designated as Hedging Instrument | Huntsman International                  
Derivative Instruments and Hedging Activities                  
Notional Amounts             $ 50    
Fixed percentage to be paid under the hedge           2.50% 2.50%    
Fair value of the hedge             $ 1    
Forward interest rate contract beginning in January, 2015 | Designated as Hedging Instrument | Huntsman International                  
Derivative Instruments and Hedging Activities                  
Notional Amounts             $ 50    
Fixed percentage to be paid under the hedge           2.50% 2.50%    
Fair value of the hedge             $ 1