Annual report pursuant to Section 13 and 15(d)

CONDENSED CONSOLIDATING FINANCIAL INFORMATION OF HUNTSMAN INTERNATIONAL LLC (Details 3)

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CONDENSED CONSOLIDATING FINANCIAL INFORMATION OF HUNTSMAN INTERNATIONAL LLC (Details 3) (USD $)
In Millions, unless otherwise specified
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Condensed consolidating financial statements      
Net cash provided by (used in) operating activities $ 365 $ (58) $ 1,104
Investing Activities:      
Capital expenditures (330) (236) (189)
Proceeds from settlements treated as reimbursement of capital expenditures 3 34  
Acquisition of businesses, net of cash acquired and post-closing adjustments (34)   (31)
Cash assumed in connection with the initial consolidation of a variable interest entity 28 14  
Proceeds from sale of businesses/assets 48 2 5
Investment in unconsolidated affiliates (26) (27) (15)
Cash received from unconsolidated affiliates 32 31 22
Other, net (1)   3
Net cash used in investing activities (280) (182) (205)
Financing Activities:      
Net repayments under revolving loan facilities (2) (6) (14)
Revolving loan facility from A/R Programs   254  
Net borrowings (repayments) on overdraft facilities 9 (2) (12)
Repayments of short-term debt (187) (175) (13)
Borrowings on short-term debt 162 212  
Repayments of long-term debt (408) (1,456) (542)
Proceeds from issuance of long-term debt 98 923 880
Repayments of notes payable (34) (53) (66)
Borrowings on notes payable 35 46 67
Debt issuance costs paid (7) (29) (5)
Call premiums related to early extinguishment of debt (6) (160) (14)
Dividends paid to noncontrolling interest (9)    
Excess tax benefit related to stock-based compensation 10 4  
Other, net   (2) 1
Net cash (used in) provided by financing activities (490) (543) 184
Effect of exchange rate changes on cash (7) 4 5
(Decrease) increase in cash and cash equivalents (412) (779) 1,088
Cash and cash equivalents at beginning of period 966 [1] 1,745 657
Cash and cash equivalents at end of period 554 [1] 966 [1] 1,745
Parent Company
      
Condensed consolidating financial statements      
Net cash provided by (used in) operating activities 304 (241) 288
Investing Activities:      
Capital expenditures (21) (26) (7)
Decrease (increase) in receivable from affiliate (57) (57) (7)
Investment in affiliate (56) (65) (258)
Net cash used in investing activities (134) (148) (272)
Financing Activities:      
Revolving loan facility from A/R Programs   254  
Repayments of long-term debt (305) (1,154) (510)
Proceeds from issuance of long-term debt   894 864
Repayments of notes payable to affiliate (105) (125) (403)
Proceeds from notes payable to affiliate 105 110 529
Repayments of notes payable (32) (38) (43)
Borrowings on notes payable 33 33 42
Debt issuance costs paid (7) (29) (5)
Call premiums related to early extinguishment of debt (6) (28) (14)
Contribution from parent     236
Dividends paid to parent (79)   (23)
Excess tax benefit related to stock-based compensation 10 4  
Other, net     (1)
Net cash (used in) provided by financing activities (386) (79) 672
(Decrease) increase in cash and cash equivalents (216) (468) 688
Cash and cash equivalents at beginning of period 220 688  
Cash and cash equivalents at end of period 4 220 688
Guarantors
      
Condensed consolidating financial statements      
Net cash provided by (used in) operating activities 99 15 48
Investing Activities:      
Capital expenditures (70) (51) (70)
Proceeds from settlements treated as reimbursement of capital expenditures   34  
Proceeds from sale of businesses/assets 8   2
Investment in affiliate (16) (13) (69)
Investment in unconsolidated affiliates (26) (24) (15)
Cash received from unconsolidated affiliates 30 26 22
Net cash used in investing activities (74) (28) (130)
Financing Activities:      
Contribution from parent (32)   103
Dividends paid to parent (2) (2)  
Net cash (used in) provided by financing activities (34) (2) 103
(Decrease) increase in cash and cash equivalents (9) (15) 21
Cash and cash equivalents at beginning of period 9 24 3
Cash and cash equivalents at end of period   9 24
Non-guarantors
      
Condensed consolidating financial statements      
Net cash provided by (used in) operating activities 34 182 84
Investing Activities:      
Capital expenditures (239) (159) (112)
Proceeds from settlements treated as reimbursement of capital expenditures 3    
Acquisition of businesses, net of cash acquired and post-closing adjustments (34)   (31)
Cash assumed in connection with the initial consolidation of a variable interest entity 28 14  
Proceeds from sale of businesses/assets 40 2 3
Investment in affiliate     18
Investment in unconsolidated affiliates   (3)  
Cash received from unconsolidated affiliates 2 5  
Other, net (4) 1 3
Net cash used in investing activities (204) (140) (119)
Financing Activities:      
Net repayments under revolving loan facilities (2) (6) (14)
Net borrowings (repayments) on overdraft facilities 9 (2) (12)
Repayments of short-term debt (187) (175) (13)
Borrowings on short-term debt 162 212  
Repayments of long-term debt (103) (53) (32)
Proceeds from issuance of long-term debt 98 29 16
Intercompany repayments   (5) (50)
Repayments of notes payable (2) (15) (20)
Borrowings on notes payable 2 13 22
Contribution from parent 104 83 256
Dividends paid to noncontrolling interest (9)    
Other, net   (2)  
Net cash (used in) provided by financing activities 72 79 153
Effect of exchange rate changes on cash (7) 4 5
(Decrease) increase in cash and cash equivalents (105) 125 123
Cash and cash equivalents at beginning of period 332 207 84
Cash and cash equivalents at end of period 227 332 207
Eliminations
      
Condensed consolidating financial statements      
Net cash provided by (used in) operating activities (5) (2)  
Investing Activities:      
Investment in affiliate 72 78 309
Other, net 3    
Net cash used in investing activities 75 78 309
Financing Activities:      
Intercompany repayments   5 50
Contribution from parent (72) (83) (359)
Dividends paid to parent 2 2  
Net cash (used in) provided by financing activities (70) (76) (309)
Huntsman International LLC and Subsidiaries
      
Condensed consolidating financial statements      
Net cash provided by (used in) operating activities 432 (46) 420
Investing Activities:      
Capital expenditures (330) (236) (189)
Proceeds from settlements treated as reimbursement of capital expenditures 3 34  
Acquisition of businesses, net of cash acquired and post-closing adjustments (34)   (31)
Cash assumed in connection with the initial consolidation of a variable interest entity 28 14  
Proceeds from sale of businesses/assets 48 2 5
Decrease (increase) in receivable from affiliate (57) (57) (7)
Investment in unconsolidated affiliates (26) (27) (15)
Cash received from unconsolidated affiliates 32 31 22
Other, net (1) 1 3
Net cash used in investing activities (337) (238) (212)
Financing Activities:      
Net repayments under revolving loan facilities (2) (6) (14)
Revolving loan facility from A/R Programs   254  
Net borrowings (repayments) on overdraft facilities 9 (2) (12)
Repayments of short-term debt (187) (175) (13)
Borrowings on short-term debt 162 212  
Repayments of long-term debt (408) (1,207) (542)
Proceeds from issuance of long-term debt 98 923 880
Repayments of notes payable to affiliate (105) (125) (403)
Proceeds from notes payable to affiliate 105 110 529
Repayments of notes payable (34) (53) (63)
Borrowings on notes payable 35 46 64
Debt issuance costs paid (7) (29) (5)
Call premiums related to early extinguishment of debt (6) (28) (14)
Contribution from parent     236
Dividends paid to parent (79)   (23)
Dividends paid to noncontrolling interest (9)    
Excess tax benefit related to stock-based compensation 10 4  
Other, net   (2) (1)
Net cash (used in) provided by financing activities (418) (78) 619
Effect of exchange rate changes on cash (7) 4 5
(Decrease) increase in cash and cash equivalents (330) (358) 832
Cash and cash equivalents at beginning of period 561 [1] 919 87
Cash and cash equivalents at end of period $ 231 [1] $ 561 [1] $ 919
[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."