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
Mar. 31, 2018
Mar. 31, 2017
Dec. 31, 2017
Assets and liabilities of VIE      
Current assets $ 6,385   $ 5,979
Property, plant and equipment, net [1] 3,117   3,098
Other noncurrent assets [1] 509   497
Deferred income taxes 212   208
Intangible assets [1] 55   56
Goodwill 141   140
Total assets 10,703   10,244
Current liabilities 3,283   3,265
Long-term debt [1] 2,298   2,258
Deferred income taxes 269   264
Other noncurrent liabilities [1] 1,084   1,086
Total liabilities 6,934   6,873
Revenues, income from continuing operations before income taxes and net cash provided by operating activities for our variable interest entities      
Revenues 2,295 $ 1,932  
Income from continuing operations before income taxes 289 118  
Net cash provided by operating activities 163 93  
Rubicon, Arabian Amines, and Sasol Huntsman      
Assets and liabilities of VIE      
Current assets 120   114
Property, plant and equipment, net 265   283
Other noncurrent assets 134   116
Deferred income taxes 33   33
Intangible assets 10   10
Goodwill 15   14
Total assets 577   570
Current liabilities 144   163
Long-term debt 83   86
Deferred income taxes 13   12
Other noncurrent liabilities 99   98
Total liabilities 339   $ 359
Revenues, income from continuing operations before income taxes and net cash provided by operating activities for our variable interest entities      
Revenues 37 31  
Income from continuing operations before income taxes 9 4  
Net cash provided by operating activities $ 15 $ 12  
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%    
Sasol Huntsman GmbH and Co. KG      
Identification of variable interest entities through investments and transactions      
Variable interest entity ownership percentage 50.00%    
[1] At March 31, 2018 and December 31, 2017, respectively, $13 and $15 of cash and cash equivalents, $9 and $11 of restricted cash, $38 and $35 of accounts and notes receivable (net), $52 and $46 of inventories, $7 each of other current assets, $265 and $283 of property, plant and equipment (net), $10 each of intangible assets (net), $57 and $43 of other noncurrent assets, $91 and $109 of accounts payable, $32 each of accrued liabilities, $22 and $21 of current portion of debt, $83 and $86 of longterm debt, and $99 and $98 of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 5. Variable Interest Entities.”