Annual report pursuant to Section 13 and 15(d)

CONDENSED CONSOLIDATING FINANCIAL INFORMATION OF HUNTSMAN INTERNATIONAL LLC (Details 2)

v2.4.0.6
CONDENSED CONSOLIDATING FINANCIAL INFORMATION OF HUNTSMAN INTERNATIONAL LLC (Details 2) (USD $)
In Millions, unless otherwise specified
 3 Months Ended 12 Months Ended
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2010
Sep. 30, 2010
Jun. 30, 2010
Mar. 31, 2010
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenues:                      
Trade sales, services and fees, net                 $ 11,041 $ 9,049 $ 7,569
Related party sales                 180 201 96
Total revenues 2,632 2,976 2,934 2,679 2,412 2,401 2,343 2,094 11,221 9,250 7,665
Cost of goods sold                 9,381 7,789 6,587
Gross profit 389 490 501 460 380 415 385 281 1,840 1,461 1,078
Selling, general and administrative                 921 861 850
Research and development                 166 151 145
Other operating (income) expense                 (20) 10 (18)
Restructuring, impairment and plant closing costs (4) 155 9 7 5 4 17 3 167 29 88
Operating income                 606 410 13
Interest (expense) income, net                 249 229 238
Loss on accounts receivable securitization program                     (23)
Equity in (loss) income of investment in affiliates and subsidiaries                 8 24 3
Loss on early extinguishment of debt                 (7) (183) (21)
Other (expense) income                 2 2  
Income from continuing operations before income taxes                 360 20 569
Income tax expense                 (109) (29) (444)
Income from continuing operations 89 (42) 124 80 39 57 54 (159) 251 (9) 125
Income (loss) from discontinued operations, net of tax                 (1) 42 (19)
Income (loss) before extraordinary gain (loss) 93 (32) 123 66 33 56 116 (172) 250 33 106
Extraordinary (loss) gain on the acquisition of a business, net of tax of nil                 4 (1) 6
Net income 95 (32) 124 67 32 56 116 (172) 254 32 112
Net (income) loss attributable to noncontrolling interests                 (7) (5) 2
Net income (loss) attributable to Huntsman Corporation or Huntsman International LLC 105 (34) 114 62 30 55 114 (172) 247 27 114
Parent Company
                      
Revenues:                      
Trade sales, services and fees, net                 885 790 654
Related party sales                 453 262 178
Total revenues                 1,338 1,052 832
Cost of goods sold                 1,178 869 676
Gross profit                 160 183 156
Selling, general and administrative                 182 185 154
Research and development                 50 52 51
Other operating (income) expense                 35 (34) (24)
Restructuring, impairment and plant closing costs                 1 1 9
Operating income                 (108) (21) (34)
Interest (expense) income, net                 216 215 214
Loss on accounts receivable securitization program                     (15)
Equity in (loss) income of investment in affiliates and subsidiaries                 381 (1,199) (317)
Loss on early extinguishment of debt                 (7) (37) (21)
Dividends income                   1,569  
Other (expense) income                 (35) (25) (33)
Income from continuing operations before income taxes                 15 72 (634)
Income tax expense                 232 101 224
Income from continuing operations                 247 173 (410)
Income (loss) from discontinued operations, net of tax                 6 7  
Income (loss) before extraordinary gain (loss)                 253 180 (410)
Net income                 253 180 (410)
Net income (loss) attributable to Huntsman Corporation or Huntsman International LLC                 253 180 (410)
Guarantors
                      
Revenues:                      
Trade sales, services and fees, net                 3,349 2,514 2,106
Related party sales                 493 513 373
Total revenues                 3,842 3,027 2,479
Cost of goods sold                 3,160 2,594 1,983
Gross profit                 682 433 496
Selling, general and administrative                 97 88 123
Research and development                 34 30 30
Other operating (income) expense                 (18) 11 (31)
Restructuring, impairment and plant closing costs                   3 2
Operating income                 569 301 372
Interest (expense) income, net                 (43) (38) (40)
Loss on accounts receivable securitization program                     (2)
Equity in (loss) income of investment in affiliates and subsidiaries                 77 91 (514)
Income from continuing operations before income taxes                 689 430 (104)
Income tax expense                 (210) (127) (148)
Income from continuing operations                 479 303 (252)
Income (loss) from discontinued operations, net of tax                 (1) 68 (11)
Income (loss) before extraordinary gain (loss)                 478 371 (263)
Net income                 478 371 (263)
Net (income) loss attributable to noncontrolling interests                 (2) (2) 1
Net income (loss) attributable to Huntsman Corporation or Huntsman International LLC                 476 369 (262)
Non-guarantors
                      
Revenues:                      
Trade sales, services and fees, net                 6,807 5,745 4,809
Related party sales                 1,098 958 644
Total revenues                 7,905 6,703 5,453
Cost of goods sold                 6,855 5,815 4,977
Gross profit                 1,050 888 476
Selling, general and administrative                 637 582 562
Research and development                 82 69 64
Other operating (income) expense                 (37) 23 37
Restructuring, impairment and plant closing costs                 166 25 77
Operating income                 202 189 (264)
Interest (expense) income, net                 89 71 66
Loss on accounts receivable securitization program                     (6)
Equity in (loss) income of investment in affiliates and subsidiaries                 9 24 6
Other (expense) income                 1 2  
Income from continuing operations before income taxes                 123 144 (330)
Income tax expense                 (35) (14) (179)
Income from continuing operations                 88 130 (509)
Income (loss) from discontinued operations, net of tax                 (6) (33) (8)
Income (loss) before extraordinary gain (loss)                 82 97 (517)
Extraordinary (loss) gain on the acquisition of a business, net of tax of nil                 4 (1) 6
Net income                 86 96 (511)
Net (income) loss attributable to noncontrolling interests                 (6) (4) 2
Net income (loss) attributable to Huntsman Corporation or Huntsman International LLC                 80 92 (509)
Eliminations
                      
Revenues:                      
Related party sales                 (1,864) (1,532) (1,099)
Total revenues                 (1,864) (1,532) (1,099)
Cost of goods sold                 (1,830) (1,506) (1,066)
Gross profit                 (34) (26) (33)
Operating income                 (34) (26) (33)
Equity in (loss) income of investment in affiliates and subsidiaries                 (459) 1,108 828
Dividends income                   (1,569)  
Other (expense) income                 36 25 33
Income from continuing operations before income taxes                 (457) (462) 828
Income tax expense                 (100)   (56)
Income from continuing operations                 (557) (462) 772
Income (loss) before extraordinary gain (loss)                 (557) (462) 772
Net income                 (557) (462) 772
Net (income) loss attributable to noncontrolling interests                 1 1 (1)
Net income (loss) attributable to Huntsman Corporation or Huntsman International LLC                 (556) (461) 771
Huntsman International LLC and Subsidiaries
                      
Revenues:                      
Trade sales, services and fees, net                 11,041 9,049 7,569
Related party sales                 180 201 96
Total revenues 2,632 2,976 2,934 2,679 2,412 2,401 2,343 2,094 11,221 9,250 7,665
Cost of goods sold                 9,363 7,772 6,570
Gross profit 393 495 505 465 384 420 388 286 1,858 1,478 1,095
Selling, general and administrative                 916 855 839
Research and development                 166 151 145
Other operating (income) expense                 (20)   (18)
Restructuring, impairment and plant closing costs (4) 155 9 7 5 4 17 3 167 29 88
Operating income                 629 443 41
Interest (expense) income, net                 262 248 240
Loss on accounts receivable securitization program                     (23)
Equity in (loss) income of investment in affiliates and subsidiaries                 8 24 3
Loss on early extinguishment of debt                 (7) (37) (21)
Other (expense) income                 2 2  
Income from continuing operations before income taxes                 370 184 (240)
Income tax expense                 (113) (40) (159)
Income from continuing operations 88 (39) 127 81 40 60 57 (13) 257 144 (399)
Income (loss) from discontinued operations, net of tax                 (1) 42 (19)
Income (loss) before extraordinary gain (loss) 92 (29) 126 67 34 59 119 (26) 256 186 (418)
Extraordinary (loss) gain on the acquisition of a business, net of tax of nil                 4 (1) 6
Net income 94 (29) 127 68 33 59 119 (26) 260 185 (412)
Net (income) loss attributable to noncontrolling interests                 (7) (5) 2
Net income (loss) attributable to Huntsman Corporation or Huntsman International LLC $ 104 $ (31) $ 117 $ 63 $ 31 $ 58 $ 117 $ (26) $ 253 $ 180 $ (410)