Quarterly report pursuant to Section 13 or 15(d)

VARIABLE INTEREST ENTITIES (Details)

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VARIABLE INTEREST ENTITIES (Details) (USD $)
In Millions, unless otherwise specified
 3 Months Ended 12 Months Ended
Mar. 31, 2012
Y
Mar. 31, 2011
Dec. 31, 2011
Assets and liabilities of VIE      
Current assets $ 4,209   $ 3,946
Property, plant and equipment, net 3,648 [1]   3,622 [1]
Other noncurrent assets 476 [1]   482 [1]
Deferred income taxes 200   195
Intangible assets 87 [1]   91 [1]
Goodwill 108   114
Total assets 8,953   8,657
Current liabilities 1,986   1,826
Long-term debt 3,628 [1]   3,730 [1]
Deferred income taxes 328   309
Other noncurrent liabilities 987 [1]   1,012 [1]
Total liabilities 6,933   6,881
Noncontrolling interest (as a percent) 100.00%    
Number of parents for which tax consequence adjustment is applicable 1    
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
      
Assets and liabilities of VIE      
Current assets 4,148   3,761
Property, plant and equipment, net 3,542 [1]   3,510 [1]
Other noncurrent assets 476 [1]   482 [1]
Deferred income taxes 169   163
Intangible assets 89 [1]   93 [1]
Goodwill 108   114
Total assets 8,757   8,330
Current liabilities 2,108   1,961
Long-term debt 3,628 [1]   3,730 [1]
Deferred income taxes 155   106
Other noncurrent liabilities 986 [1]   1,003 [1]
Total liabilities 7,418   7,239
Fair value of the noncontrolling interest   61  
Consolidated VIE's
      
Identification of variable interest entities through investments and transactions      
Number of joint ventures 4    
Assets and liabilities of VIE      
Property, plant and equipment, net 399   403
Other noncurrent assets 22   21
Intangible assets 23   23
Long-term debt 256   264
Other noncurrent liabilities 103   111
Rubicon LLC, Pacific Iron Products, Arabian Amines and Sasol Huntsman GmbH and Co. KG
      
Assets and liabilities of VIE      
Current assets 180   140
Property, plant and equipment, net 399   403
Other noncurrent assets 59   61
Deferred income taxes 45   45
Intangible assets 23   23
Goodwill 16   15
Total assets 722   687
Current liabilities 195   145
Long-term debt 261   269
Deferred income taxes 9   9
Other noncurrent liabilities 103   110
Total liabilities 568   533
Sasol Huntsman GmbH and Co. KG
      
Identification of variable interest entities through investments and transactions      
Huntsman share of joint venture (as a percent) 50.00%    
Joint venture partner share of joint venture (as a percent) 50.00%    
Assets and liabilities of VIE      
Current assets   61  
Property, plant and equipment, net   155  
Intangible assets   16  
Goodwill   17  
Total assets   249  
Current liabilities   23  
Long-term debt   93  
Deferred income taxes   8  
Other noncurrent liabilities   7  
Total liabilities   131  
Total goodwill amount deductible for the tax purposes 12    
Average useful life of all other intangible assets (in years) 18    
Pro forma revenues   2,709  
One time non cash gain 12    
One-time noncash income tax expense recognized 2    
Noncontrolling interest (as a percent)   50.00%  
Increase (decrease) in amount of goodwill due to a change in foreign currency exchange rate $ 1   $ (2)
[1] At March 31, 2012 and December 31, 2011, respectively, $33 and $44 of cash and cash equivalents, $9 and $2 of restricted cash, $34 and $29 of accounts and notes receivable (net), $49 and $47 of inventories, $2 and $1 of other current assets, $399 and $403 of property, plant and equipment (net), $23 each of intangible assets (net), $22 and $21 of other noncurrent assets, $64 and $55 of accounts payable, $19 and $21 of accrued liabilities, $23 and $16 of current portion of debt, $256 and $264 of long-term debt, and $103 and $111 of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See "Note 5. Variable Interest Entities."