Quarterly report pursuant to Section 13 or 15(d)

VARIABLE INTEREST ENTITIES (Details)

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VARIABLE INTEREST ENTITIES (Details)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2017
USD ($)
Sep. 30, 2016
USD ($)
Sep. 30, 2017
USD ($)
item
Sep. 30, 2016
USD ($)
Dec. 31, 2016
USD ($)
Assets and liabilities of VIE          
Current assets $ 5,767   $ 5,767   $ 3,555
Property, plant and equipment, net [1] 3,035   3,035   3,034
Other noncurrent assets [1] 463   463   472
Deferred income taxes 268   268   253
Intangible assets [1] 56   56   43
Goodwill 139   139   121
Total assets 9,983   9,983   9,189
Current liabilities 3,090   3,090   1,778
Long-term debt [1] 2,845   2,845   4,122
Deferred income taxes 426   426   371
Other noncurrent liabilities [1] 1,031   1,031   1,057
Total liabilities 7,392   7,392   7,722
Revenues, income from continuing operations before income taxes and net cash provided by operating activities for our variable interest entities          
Revenues 2,169 $ 1,831 6,155 $ 5,614  
Income from continuing operations before income taxes 151 46 431 297  
Net cash provided by operating activities     $ 743 848  
Number of variable interests of additional joint ventures held prior to Separation | item     2    
Rubicon, Arabian Amines, and Sasol Huntsman          
Assets and liabilities of VIE          
Current assets 124   $ 124   103
Property, plant and equipment, net 272   272   279
Other noncurrent assets 107   107   99
Deferred income taxes 43   43   43
Intangible assets 10   10   10
Goodwill 14   14   12
Total assets 570   570   546
Current liabilities 131   131   131
Long-term debt 94   94   114
Deferred income taxes 11   11   10
Other noncurrent liabilities 80   80   76
Total liabilities 316   316   $ 331
Revenues, income from continuing operations before income taxes and net cash provided by operating activities for our variable interest entities          
Revenues 32 24 99 72  
Income from continuing operations before income taxes 8 2 22 12  
Net cash provided by operating activities $ 20 $ 13 $ 42 $ 37  
Rubicon LLC          
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%    
[1] At September 30, 2017 and December 31, 2016, respectively, $35 and $20 of cash and cash equivalents, $11 and $10 of restricted cash, $29 and $21 of accounts and notes receivable (net), $42 and $45 of inventories, $6 and $5 of other current assets, $272 and $279 of property, plant and equipment (net), $10 each of intangible assets (net), $39 and $37 of other noncurrent assets, $81 and $89 of accounts payable, $29 and $30 of accrued liabilities, $20 and $12 of current portion of debt, $94 and $114 of longterm debt, and $80 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.”