Annual report pursuant to Section 13 and 15(d)

CONDENSED CONSOLIDATING FINANCIAL INFORMATION OF HUNTSMAN INTERNATIONAL LLC (Details)

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CONDENSED CONSOLIDATING FINANCIAL INFORMATION OF HUNTSMAN INTERNATIONAL LLC (Details) (USD $)
In Millions, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2008
Condensed consolidating financial statements        
Percentage of holding in subsidiaries 100.00%      
Current assets:        
Cash and cash equivalents $ 554 [1] $ 966 [1] $ 1,745 $ 657
Restricted cash 8 [1] 7 [1]    
Accounts and notes receivable (net) 1,529 [1] 1,413 [1]    
Accounts receivable from affiliates 5 15    
Inventories 1,539 [1] 1,396 [1]    
Prepaid expenses 46 46    
Deferred income taxes 20 1    
Other current assets 245 [1] 164 [1]    
Total current assets 3,946 4,008    
Property, plant and equipment, net 3,622 [1] 3,605 [1]    
Investment in unconsolidated affiliates 202 234    
Intangible assets, net 91 [1] 105 [1]    
Goodwill 114 94    
Deferred income taxes 195 166    
Notes receivable from affiliates 5 7    
Other noncurrent assets 482 [1] 495 [1]    
Total assets 8,657 8,714    
Current liabilities:        
Accounts payable 862 [1] 842 [1]    
Accounts payable to affiliates 50 45    
Accrued liabilities 695 [1] 628 [1]    
Deferred income taxes 7 19    
Current portion of debt 212 [1] 519 [1]    
Total current liabilities 1,826 2,053    
Long-term debt 3,730 [1] 3,627 [1]    
Notes payable to affiliates 4 4    
Deferred income taxes 309 314    
Other noncurrent liabilities 1,012 [1] 866 [1]    
Total liabilities 6,881 6,864    
Huntsman Corporation stockholders' equity or Huntsman International LLC members' equity:        
Accumulated deficit (947) (1,090)    
Accumulated other comprehensive (loss) income (559) (297)    
Noncontrolling interests in subsidiaries 114 60    
Total liabilities and equity 8,657 8,714    
Parent Company
        
Current assets:        
Cash and cash equivalents 4 220 688  
Accounts and notes receivable (net) 13 17    
Accounts receivable from affiliates 1,105 1,275    
Inventories 105 78    
Prepaid expenses 9 11    
Deferred income taxes 6 5    
Other current assets 90      
Total current assets 1,332 1,606    
Property, plant and equipment, net 393 417    
Investment in unconsolidated affiliates 5,286 5,018    
Intangible assets, net 42 62    
Goodwill (16) (17)    
Deferred income taxes 154 (9)    
Notes receivable from affiliates 20 51    
Other noncurrent assets 81 73    
Total assets 7,292 7,201    
Current liabilities:        
Accounts payable 53 42    
Accounts payable to affiliates 2,244 1,892    
Accrued liabilities 117 102    
Note payable to affiliate 100 100    
Current portion of debt 33 114    
Total current liabilities 2,547 2,250    
Long-term debt 3,128 3,320    
Notes payable to affiliates 435 435    
Deferred income taxes 9 8    
Other noncurrent liabilities 196 160    
Total liabilities 6,315 6,173    
Huntsman Corporation stockholders' equity or Huntsman International LLC members' equity:        
Members' equity 3,081 3,049    
Accumulated deficit (1,493) (1,667)    
Accumulated other comprehensive (loss) income (611) (354)    
Total Huntsman International LLC members' equity 977 1,028    
Total equity 977 1,028    
Total liabilities and equity 7,292 7,201    
Guarantors
        
Current assets:        
Cash and cash equivalents   9 24 3
Accounts and notes receivable (net) 151 112    
Accounts receivable from affiliates 3,041 2,530    
Inventories 271 240    
Prepaid expenses 7 6    
Other current assets 9 3    
Total current assets 3,479 2,900    
Property, plant and equipment, net 868 881    
Investment in unconsolidated affiliates 1,460 1,403    
Intangible assets, net 2 3    
Goodwill 82 84    
Notes receivable from affiliates 920 930    
Other noncurrent assets 137 169    
Total assets 6,948 6,370    
Current liabilities:        
Accounts payable 205 212    
Accounts payable to affiliates 822 860    
Accrued liabilities 204 77    
Deferred income taxes 39 55    
Total current liabilities 1,270 1,204    
Deferred income taxes 79 (28)    
Other noncurrent liabilities 163 138    
Total liabilities 1,512 1,314    
Huntsman Corporation stockholders' equity or Huntsman International LLC members' equity:        
Members' equity 4,754 4,764    
Accumulated deficit (820) (1,308)    
Accumulated other comprehensive (loss) income 1,502 1,600    
Total Huntsman International LLC members' equity 5,436 5,056    
Total equity 5,436 5,056    
Total liabilities and equity 6,948 6,370    
Non-guarantors
        
Current assets:        
Cash and cash equivalents 227 332 207 84
Restricted cash 8 7    
Accounts and notes receivable (net) 1,365 1,284    
Accounts receivable from affiliates 93 79    
Inventories 1,167 1,089    
Prepaid expenses 43 42    
Deferred income taxes 49 44    
Other current assets 222 160    
Total current assets 3,174 3,037    
Property, plant and equipment, net 2,247 2,169    
Investment in unconsolidated affiliates 147 172    
Intangible assets, net 52 42    
Goodwill 48 27    
Deferred income taxes 191 161    
Notes receivable from affiliates 5 7    
Other noncurrent assets 264 253    
Total assets 6,128 5,868    
Current liabilities:        
Accounts payable 604 586    
Accounts payable to affiliates 1,089 1,091    
Accrued liabilities 487 464    
Deferred income taxes 7 19    
Current portion of debt 179 405    
Total current liabilities 2,366 2,565    
Long-term debt 602 307    
Notes payable to affiliates 944 985    
Deferred income taxes 98 86    
Other noncurrent liabilities 644 555    
Total liabilities 4,654 4,498    
Huntsman Corporation stockholders' equity or Huntsman International LLC members' equity:        
Members' equity 2,343 2,217    
Subsidiary preferred stock   1    
Accumulated deficit (396) (549)    
Accumulated other comprehensive (loss) income (546) (318)    
Total Huntsman International LLC members' equity 1,401 1,351    
Noncontrolling interests in subsidiaries 73 19    
Total equity 1,474 1,370    
Total liabilities and equity 6,128 5,868    
Eliminations
        
Current assets:        
Accounts receivable from affiliates (4,091) (3,784)    
Inventories (4) (11)    
Prepaid expenses (13) (14)    
Deferred income taxes (15) (9)    
Other current assets (101) (3)    
Total current assets (4,224) (3,821)    
Property, plant and equipment, net 2 2    
Investment in unconsolidated affiliates (6,691) (6,359)    
Intangible assets, net (3)      
Deferred income taxes (182) 27    
Notes receivable from affiliates (940) (981)    
Total assets (12,038) (11,132)    
Current liabilities:        
Accounts payable to affiliates (4,091) (3,784)    
Accrued liabilities (114) (17)    
Deferred income taxes (17) (11)    
Total current liabilities (4,222) (3,812)    
Notes payable to affiliates (940) (981)    
Deferred income taxes (80) 28    
Other noncurrent liabilities   (1)    
Total liabilities (5,242) (4,766)    
Huntsman Corporation stockholders' equity or Huntsman International LLC members' equity:        
Members' equity (7,097) (6,981)    
Subsidiary preferred stock   (1)    
Accumulated deficit 1,216 1,857    
Accumulated other comprehensive (loss) income (956) (1,282)    
Total Huntsman International LLC members' equity (6,837) (6,407)    
Noncontrolling interests in subsidiaries 41 41    
Total equity (6,796) (6,366)    
Total liabilities and equity (12,038) (11,132)    
Huntsman International LLC and Subsidiaries
        
Condensed consolidating financial statements        
Percentage of holding in subsidiaries 100.00%      
Current assets:        
Cash and cash equivalents 231 [1] 561 [1] 919 87
Restricted cash 8 [1] 7 [1]    
Accounts and notes receivable (net) 1,529 [1] 1,413 [1]    
Accounts receivable from affiliates 148 100    
Inventories 1,539 [1] 1,396 [1]    
Prepaid expenses 46 45    
Deferred income taxes 40 40    
Other current assets 220 [1] 160 [1]    
Total current assets 3,761 3,722    
Property, plant and equipment, net 3,510 [1] 3,469 [1]    
Investment in unconsolidated affiliates 202 234    
Intangible assets, net 93 [1] 107 [1]    
Goodwill 114 94    
Deferred income taxes 163 179    
Notes receivable from affiliates 5 7    
Other noncurrent assets 482 [1] 495 [1]    
Total assets 8,330 8,307    
Current liabilities:        
Accounts payable 862 [1] 840 [1]    
Accounts payable to affiliates 64 59    
Accrued liabilities 694 [1] 626 [1]    
Deferred income taxes 29 63    
Note payable to affiliate 100 100    
Current portion of debt 212 [1] 519 [1]    
Total current liabilities 1,961 2,207    
Long-term debt 3,730 [1] 3,627 [1]    
Notes payable to affiliates 439 439    
Deferred income taxes 106 94    
Other noncurrent liabilities 1,003 [1] 852 [1]    
Total liabilities 7,239 7,219    
Huntsman Corporation stockholders' equity or Huntsman International LLC members' equity:        
Members' equity 3,081 3,049    
Accumulated deficit (1,493) (1,667)    
Accumulated other comprehensive (loss) income (611) (354)    
Total Huntsman International LLC members' equity 977 1,028    
Noncontrolling interests in subsidiaries 114 60    
Total equity 1,091 1,088 847 919
Total liabilities and equity $ 8,330 $ 8,307    
[1] At December 31, 2011 and 2010, respectively, $44 and $7 of cash and cash equivalents, $2 and nil of restricted cash, $29 and $8 of accounts and notes receivable (net), $47 and $45 of inventories, $1 and $2 of other current assets, $403 and $275 of property, plant and equipment (net), $23 and $7 of intangible assets (net), $21 and $18 of other noncurrent assets, $55 and $56 of accounts payable, $21 and $16 of accrued liabilities, $16 and $15 of current portion of debt, $264 and $185 of long-term debt, and $111 and $109 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See "Note 7. Variable Interest Entities."