Quarterly report pursuant to Section 13 or 15(d)

VARIABLE INTEREST ENTITIES (Details)

v3.5.0.2
VARIABLE INTEREST ENTITIES (Details) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2016
Dec. 31, 2015
Assets and liabilities of VIE    
Current assets $ 3,783 $ 3,834
Property, plant and equipment, net [1] 4,298 4,446
Other noncurrent assets [1] 575 573
Deferred income taxes 404 418
Intangible assets [1] 97 86
Goodwill 123 116
Total assets 9,707 9,820
Current liabilities 1,789 1,917
Long-term debt [1] 4,468 4,625
Deferred income taxes 471 422
Other noncurrent liabilities [1] 1,197 1,226
Total liabilities 7,936 8,191
Consolidated VIE's    
Assets and liabilities of VIE    
Property, plant and equipment, net 291 307
Other noncurrent assets 38 38
Intangible assets 32 36
Long-term debt 114 137
Other noncurrent liabilities 56 54
Rubicon LLC, Pacific Iron Products, Arabian Amines and Sasol Huntsman GmbH, Co. KG and Viance    
Assets and liabilities of VIE    
Current assets 100 121
Property, plant and equipment, net 291 307
Other noncurrent assets 101 95
Deferred income taxes 35 35
Intangible assets 32 36
Goodwill 13 13
Total assets 572 607
Current liabilities 155 159
Long-term debt 116 140
Deferred income taxes 11 11
Other noncurrent liabilities 56 54
Total liabilities $ 338 $ 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 September 30, 2016 and December 31, 2015, respectively, $25 and $34 of cash and cash equivalents, $10 and $12 of restricted cash, $28 and $26 of accounts and notes receivable (net), $42 and $54 of inventories, $6 and $5 of other current assets, $291 and $307 of property, plant and equipment (net), $32 and $36 of intangible assets (net), $38 each of other noncurrent assets, $69 and $82 of accounts payable, $30 and $27 of accrued liabilities, $20 and $15 of current portion of debt, $114 and $137 of longterm debt, and $56 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.”