Huntsman Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
Notes Tables
Notes Details

FAIR VALUE (Details 3)

v2.4.0.6

FAIR VALUE (Details 3) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010
Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
Balance at beginning of period	$ 19	$ 262
Total gains or losses
Included in earnings		12
Included in other comprehensive income (loss)	8	7
Purchases, issuances and settlements		(262)
Balance at end of period	27	19
Changes in unrealized gains (losses) relating to assets at the end of the period, included in earnings		12
Total net gains included in earnings		12
Changes in unrealized gains relating to assets at the end of the period, included in other comprehensive income	8	7
Changes in unrealized gains relating to assets at the end of the period, included in interest expense		12
Cross Currency Interest Rate Contract
Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
Balance at beginning of period	19
Total gains or losses
Included in earnings		12
Included in other comprehensive income (loss)	8	7
Balance at end of period	27	19
Changes in unrealized gains (losses) relating to assets at the end of the period, included in earnings		12
Retained Interest in Securitized Receivables
Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
Balance at beginning of period		262
Total gains or losses
Purchases, issuances and settlements		$ (262)

- Definition

Represents the amount of the total change in unrealized (holding) gains or losses for the period which are included in interest expense. Such unrealized (holding) gains or losses relate to those assets still held at the reporting date for which fair value is measured on a recurring basis using significant unobservable inputs (Level 3).

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- Definition

This element represents total gains or losses for the period (realized and unrealized), arising from assets measured at fair value on a recurring basis using unobservable inputs (Level 3), which are included in earnings or resulted in a change in net asset value.

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