Annual report pursuant to Section 13 and 15(d)

VARIABLE INTEREST ENTITIES (Details)

v3.6.0.2
VARIABLE INTEREST ENTITIES (Details) - USD ($)
$ in Millions
 3 Months Ended 12 Months Ended
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Assets and liabilities of VIE                      
Current assets $ 3,555       $ 3,834       $ 3,555 $ 3,834  
Property, plant and equipment, net 4,212 [1]       4,446 [1]       4,212 [1] 4,446 [1] $ 4,423
Other noncurrent assets [1] 507       573       507 573  
Deferred income taxes 396       418       396 418  
Intangible assets [1] 66       86       66 86  
Goodwill 121       116       121 116  
Total assets 9,189       9,820       9,189 9,820 10,923
Current liabilities 1,778       1,917       1,778 1,917  
Long-term debt [1] 4,135       4,625       4,135 4,625  
Deferred income taxes 427       422       427 422  
Other noncurrent liabilities [1] 1,381       1,226       1,381 1,226  
Total liabilities 7,722       8,191       7,722 8,191  
Revenues, income from continuing operations before income taxes and net cash provided by operating activities for our variable interest entities                      
Revenues 2,395 $ 2,363 $ 2,544 $ 2,355 2,332 $ 2,638 $ 2,740 $ 2,589 9,657 10,299 11,578
Income from continuing operations before income taxes                 448 176 404
Net cash provided by operating activities                 1,088 575 760
Consolidated VIE's                      
Assets and liabilities of VIE                      
Property, plant and equipment, net 284       307       284 307  
Other noncurrent assets 37       38       37 38  
Intangible assets 31       36       31 36  
Long-term debt 114       137       114 137  
Other noncurrent liabilities 76       54       76 54  
Rubicon LLC, Pacific Iron Products, Arabian Amines, Sasol Huntsman GmbH, Co. KG and Viance                      
Assets and liabilities of VIE                      
Current assets 117       121       117 121  
Property, plant and equipment, net 284       307       284 307  
Other noncurrent assets 98       95       98 95  
Deferred income taxes 43       35       43 35  
Intangible assets 31       36       31 36  
Goodwill 12       13       12 13  
Total assets 585       607       585 607  
Current liabilities 172       159       172 159  
Long-term debt 116       140       116 140  
Deferred income taxes 10       11       10 11  
Other noncurrent liabilities 76       54       76 54  
Total liabilities 374       $ 364       374 364  
Revenues, income from continuing operations before income taxes and net cash provided by operating activities for our variable interest entities                      
Revenues                 213 230 219
Income from continuing operations before income taxes                 35 49 39
Net cash provided by operating activities                 $ 76 $ 84 $ 59
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%    
AAC                      
Identification of variable interest entities through investments and transactions                      
Variable interest entity ownership percentage                 50.00%    
Assets and liabilities of VIE                      
Long-term debt $ 114               $ 114    
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 December 31, 2016 and December 31, 2015, respectively, $25 and $34 of cash and cash equivalents, $10 and $12 of restricted cash, $27 and $26 of accounts and notes receivable (net), $46 and $54 of inventories, $5 each of other current assets, $284 and $307 of property, plant and equipment (net), $31 and $36 of intangible assets (net), $37 and $38 of other noncurrent assets, $90 and $82 of accounts payable, $34 and $27 of accrued liabilities, $14 and $15 of current portion of debt, $114 and $137 of longterm debt, and $76 and $54 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 8. Variable Interest Entities.”