Annual report pursuant to Section 13 and 15(d)

VARIABLE INTEREST ENTITIES (Details)

v3.8.0.1
VARIABLE INTEREST ENTITIES (Details)
$ in Millions
 3 Months Ended 12 Months Ended
Dec. 31, 2017
USD ($)
Sep. 30, 2017
USD ($)
Jun. 30, 2017
USD ($)
Mar. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Sep. 30, 2016
USD ($)
Jun. 30, 2016
USD ($)
Mar. 31, 2016
USD ($)
Dec. 31, 2017
USD ($)
item
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Assets and liabilities of VIE                      
Current assets $ 5,979       $ 3,555       $ 5,979 $ 3,555  
Property, plant and equipment, net 3,098 [1]       3,034 [1]       3,098 [1] 3,034 [1] $ 3,170
Other noncurrent assets [1] 497       472       497 472  
Deferred income taxes 208       253       208 253  
Intangible assets [1] 56       43       56 43  
Goodwill 140       121       140 121  
Total assets 10,244       9,189       10,244 9,189  
Current liabilities 3,265       1,778       3,265 1,778  
Long-term debt [1] 2,258       4,122       2,258 4,122  
Deferred income taxes 264       371       264 371  
Other noncurrent liabilities [1] 1,086       1,057       1,086 1,057  
Total liabilities 6,873       7,722       6,873 7,722  
Revenues, income from continuing operations before income taxes and net cash provided by operating activities for our variable interest entities                      
Revenues 2,203 $ 2,169 $ 2,054 $ 1,932 1,904 $ 1,831 $ 1,968 $ 1,815 8,358 7,518 8,139
Income from continuing operations before income taxes                 647 474 488
Net cash provided by operating activities                 $ 1,219 1,088 575
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 114       103       $ 114 103  
Property, plant and equipment, net 283       279       283 279  
Other noncurrent assets 116       99       116 99  
Deferred income taxes 33       43       33 43  
Intangible assets 10       10       10 10  
Goodwill 14       12       14 12  
Total assets 570       546       570 546  
Current liabilities 163       131       163 131  
Long-term debt 86       114       86 114  
Deferred income taxes 12       10       12 10  
Other noncurrent liabilities 98       76       98 76  
Total liabilities 359       $ 331       359 331  
Revenues, income from continuing operations before income taxes and net cash provided by operating activities for our variable interest entities                      
Revenues                 132 97 130
Income from continuing operations before income taxes                 25 15 36
Net cash provided by operating activities                 $ 51 $ 50 $ 66
Rubicon LLC                      
Identification of variable interest entities through investments and transactions                      
Variable interest entity ownership percentage                 50.00%    
Arabian Amines Company                      
Identification of variable interest entities through investments and transactions                      
Variable interest entity ownership percentage                 50.00%    
Assets and liabilities of VIE                      
Long-term debt $ 86               $ 86    
Sasol Huntsman GmbH and Co. KG                      
Identification of variable interest entities through investments and transactions                      
Variable interest entity ownership percentage                 50.00%    
[1] At December 31, 2017 and December 31, 2016, respectively, $15 and $20 of cash and cash equivalents, $11 and $10 of restricted cash, $35 and $21 of accounts and notes receivable (net), $46 and $45 of inventories, $7 and $5 of other current assets, $283 and $279 of property, plant and equipment (net), $10 each of intangible assets (net), $43 and $37 of other noncurrent assets, $109 and $89 of accounts payable, $32 and $30 of accrued liabilities, $21 and $12 of current portion of debt, $86 and $114 of longterm debt, and $98 and $76 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 7. Variable Interest Entities.”