Quarterly report pursuant to Section 13 or 15(d)

VARIABLE INTEREST ENTITIES (Details)

v3.7.0.1
VARIABLE INTEREST ENTITIES (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Dec. 31, 2016
Assets and liabilities of VIE      
Current assets $ 3,835   $ 3,555
Property, plant and equipment, net [1] 4,186   4,212
Other noncurrent assets [1] 515   507
Deferred income taxes 412   396
Intangible assets [1] 82   66
Goodwill 122   121
Total assets 9,488   9,189
Current liabilities 1,855   1,778
Long-term debt [1] 4,161   4,135
Deferred income taxes 437   427
Other noncurrent liabilities [1] 1,386   1,381
Total liabilities 7,839   7,722
Revenues, income from continuing operations before income taxes and net cash provided by operating activities for our variable interest entities      
Revenues 2,469 $ 2,355  
Income from continuing operations before income taxes 116 90  
Net cash provided by operating activities 93 88  
Consolidated VIE's      
Assets and liabilities of VIE      
Property, plant and equipment, net 279   284
Other noncurrent assets 37   37
Intangible assets 32   31
Long-term debt 104   114
Other noncurrent liabilities 77   76
Rubicon LLC, Pacific Iron Products, Arabian Amines, Sasol Huntsman GmbH, Co. KG and Viance      
Assets and liabilities of VIE      
Current assets 121   117
Property, plant and equipment, net 279   284
Other noncurrent assets 113   98
Deferred income taxes 43   43
Intangible assets 32   31
Goodwill 13   12
Total assets 601   585
Current liabilities 188   172
Long-term debt 106   116
Deferred income taxes 10   10
Other noncurrent liabilities 77   76
Total liabilities 381   $ 374
Revenues, income from continuing operations before income taxes and net cash provided by operating activities for our variable interest entities      
Revenues 64 52  
Income from continuing operations before income taxes 11 9  
Net cash provided by operating activities $ 18 $ 19  
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%    
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 March 31, 2017 and December 31, 2016, respectively, $28 and $25 of cash and cash equivalents, $10 each of restricted cash, $33 and $27 of accounts and notes receivable (net), $42 and $46 of inventories, $6 and $5 of other current assets, $279 and $284 of property, plant and equipment (net), $32 and $31 of intangible assets (net), $37 each of other noncurrent assets, $86 and $90 of accounts payable, $32 and $34 of accrued liabilities, $21 and $14 of current portion of debt, $104 and $114 of longterm debt, and $77 and $76 of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 5. Variable Interest Entities.”