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, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Dec. 31, 2017
Assets and liabilities of VIE          
Current assets $ 6,373   $ 6,373   $ 5,979
Property, plant and equipment, net [1] 3,014   3,014   3,098
Other noncurrent assets [1] 561   561   497
Deferred income taxes 299   299   208
Intangible assets [1] 118   118   56
Goodwill 393   393   140
Total assets 11,054   11,054   10,244
Current liabilities 3,295   3,295   3,265
Long-term debt [1] 2,311   2,311   2,258
Deferred income taxes 293   293   264
Other noncurrent liabilities [1] 1,085   1,085   1,086
Total liabilities 6,984   6,984   6,873
Revenues, income from continuing operations before income taxes and net cash provided by operating activities for our variable interest entities          
Revenues 2,404 $ 2,054 4,699 $ 3,986  
Income from continuing operations before income taxes 293 162 582 280  
Net cash provided by operating activities     640 394  
Rubicon, Arabian Amines, and Sasol Huntsman          
Assets and liabilities of VIE          
Current assets 106   106   114
Property, plant and equipment, net 258   258   283
Other noncurrent assets 124   124   116
Deferred income taxes 34   34   33
Intangible assets 10   10   10
Goodwill 14   14   14
Total assets 546   546   570
Current liabilities 147   147   163
Long-term debt 74   74   86
Deferred income taxes 12   12   12
Other noncurrent liabilities 98   98   98
Total liabilities 331   331   $ 359
Revenues, income from continuing operations before income taxes and net cash provided by operating activities for our variable interest entities          
Revenues 39 36 77 67  
Income from continuing operations before income taxes 9 10 19 14  
Net cash provided by operating activities $ 14 $ 10 $ 29 $ 22  
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 June 30, 2018 and December 31, 2017, respectively, $9 and $15 of cash and cash equivalents, nil and $11 of restricted cash, $35 each of accounts and notes receivable (net), $55 and $46 of inventories, $6 and $7 of other current assets, $258 and $283 of property, plant and equipment (net), $10 each of intangible assets (net), $55 and $43 of other noncurrent assets, $94 and $109 of accounts payable, $29 and $32 of accrued liabilities, $23 and $21 of current portion of debt, $74 and $86 of longterm debt, and $98 each of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 6. Variable Interest Entities.”