Quarterly report pursuant to Section 13 or 15(d)

VARIABLE INTEREST ENTITIES (Details)

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VARIABLE INTEREST ENTITIES (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Dec. 31, 2016
Assets and liabilities of VIE          
Current assets $ 3,980   $ 3,980   $ 3,555
Property, plant and equipment, net [1] 4,228   4,228   4,212
Other noncurrent assets [1] 508   508   507
Deferred income taxes 431   431   396
Intangible assets [1] 79   79   66
Goodwill 137   137   121
Total assets 9,688   9,688   9,189
Current liabilities 1,883   1,883   1,778
Long-term debt [1] 4,072   4,072   4,135
Deferred income taxes 454   454   427
Other noncurrent liabilities [1] 1,401   1,401   1,381
Total liabilities 7,810   7,810   7,722
Revenues, income from continuing operations before income taxes and net cash provided by operating activities for our variable interest entities          
Revenues 2,616 $ 2,544 5,085 $ 4,899  
Income from continuing operations before income taxes 229 127 345 217  
Net cash provided by operating activities     394 443  
Rubicon LLC, Pacific Iron Products, Arabian Amines, Sasol Huntsman GmbH, Co. KG and Viance          
Assets and liabilities of VIE          
Current assets 132   132   117
Property, plant and equipment, net 274   274   284
Other noncurrent assets 110   110   98
Deferred income taxes 43   43   43
Intangible assets 39   39   31
Goodwill 13   13   12
Total assets 611   611   585
Current liabilities 179   179   172
Long-term debt 106   106   116
Deferred income taxes 11   11   10
Other noncurrent liabilities 78   78   76
Total liabilities 374   374   $ 374
Revenues, income from continuing operations before income taxes and net cash provided by operating activities for our variable interest entities          
Revenues 68 56 133 108  
Income from continuing operations before income taxes 13 11 24 19  
Net cash provided by operating activities $ 5 $ 17 $ 24 $ 36  
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 June 30, 2017 and December 31, 2016, respectively, $32 and $25 of cash and cash equivalents, $10 each of restricted cash, $35 and $27 of accounts and notes receivable (net), $51 and $46 of inventories, $5 of other current assets, $274 and $284 of property, plant and equipment (net), $39 and $31 of intangible assets (net), $38 and $37 of other noncurrent assets, $82 and $90 of accounts payable, $33 and $34 of accrued liabilities, $21 and $14 of current portion of debt, $104 and $114 of longterm debt, and $78 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.”