Quarterly report pursuant to Section 13 or 15(d)

VARIABLE INTEREST ENTITIES (Details)

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VARIABLE INTEREST ENTITIES (Details) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2016
Dec. 31, 2015
Assets and liabilities of VIE    
Current assets $ 3,791 $ 3,834
Property, plant and equipment, net [1] 4,377 4,446
Other noncurrent assets [1] 597 573
Deferred income taxes 407 418
Intangible assets [1] 97 86
Goodwill 123 116
Total assets 9,727 9,820
Current liabilities 1,689 1,917
Long-term debt [1] 4,653 4,625
Deferred income taxes 466 422
Other noncurrent liabilities [1] 1,210 1,226
Total liabilities 8,019 8,191
Consolidated VIE's    
Assets and liabilities of VIE    
Property, plant and equipment, net 295 307
Other noncurrent assets 43 38
Intangible assets 34 36
Long-term debt 123 137
Other noncurrent liabilities 55 54
Rubicon LLC, Pacific Iron Products, Arabian Amines and Sasol Huntsman GmbH, Co. KG and Viance    
Assets and liabilities of VIE    
Current assets 91 121
Property, plant and equipment, net 295 307
Other noncurrent assets 112 95
Deferred income taxes 35 35
Intangible assets 34 36
Goodwill 13 13
Total assets 580 607
Current liabilities 155 159
Long-term debt 125 140
Deferred income taxes 11 11
Other noncurrent liabilities 55 54
Total liabilities $ 346 $ 364
Rubicon LLC    
Identification of variable interest entities through investments and transactions    
Variable interest entity ownership percentage 50.00%  
Pacific Iron Products    
Identification of variable interest entities through investments and transactions    
Variable interest entity ownership percentage 50.00%  
Arabian Amines Company    
Identification of variable interest entities through investments and transactions    
Variable interest entity ownership percentage 50.00%  
Sasol Huntsman GmbH and Co. KG    
Identification of variable interest entities through investments and transactions    
Variable interest entity ownership percentage 50.00%  
Viance    
Identification of variable interest entities through investments and transactions    
Variable interest entity ownership percentage 50.00%  
[1] At June 30, 2016 and December 31, 2015, respectively, $25 and $34 of cash and cash equivalents, $10 and $12 of restricted cash, $29 and $26 of accounts and notes receivable (net), $39 and $54 of inventories, $5 each of other current assets, $295 and $307 of property, plant and equipment (net), $34 and $36 of intangible assets (net), $43 and $38 of other noncurrent assets, $76 and $82 of accounts payable, $33 and $27 of accrued liabilities, $19 and $15 of current portion of debt, $123 and $137 of longterm debt, and $55 and $54 of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 4. Variable Interest Entities.”