Annual report pursuant to Section 13 and 15(d)

VARIABLE INTEREST ENTITIES (Details)

v3.10.0.1
VARIABLE INTEREST ENTITIES (Details)
$ in Millions
 3 Months Ended 12 Months Ended
Dec. 31, 2018
USD ($)
Sep. 30, 2018
USD ($)
Jun. 30, 2018
USD ($)
Mar. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Sep. 30, 2017
USD ($)
Jun. 30, 2017
USD ($)
Mar. 31, 2017
USD ($)
Dec. 31, 2018
USD ($)
item
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Assets and liabilities of VIE                      
Current assets $ 2,958       $ 5,979       $ 2,958 $ 5,979  
Property, plant and equipment, net 3,064 [1]       3,098 [1]       3,064 [1] 3,098 [1] $ 3,034
Other noncurrent assets [1] 553       497       553 497  
Deferred income taxes 324       208       324 208  
Intangible assets [1] 219       56       219 56  
Goodwill 275       140       275 140  
Total assets 7,953       10,244       7,953 10,244  
Current liabilities 1,611       3,265       1,611 3,265  
Long-term debt [1] 2,224       2,258       2,224 2,258  
Deferred income taxes 296       264       296 264  
Other noncurrent liabilities [1] 1,073       1,086       1,073 1,086  
Total liabilities 5,204       6,873       5,204 6,873  
Revenues, income from continuing operations before income taxes and net cash provided by operating activities for our variable interest entities                      
Total revenues 2,236 $ 2,444 $ 2,404 $ 2,295 2,203 $ 2,169 $ 2,054 $ 1,932 9,379 8,358 7,518
Income from continuing operations before income taxes                 942 647 474
Net cash provided by operating activities                 $ 1,207 1,219 1,088
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 92       114       $ 92 114  
Property, plant and equipment, net 265       283       265 283  
Other noncurrent assets 136       116       136 116  
Deferred income taxes 32       33       32 33  
Intangible assets 10       10       10 10  
Goodwill 14       14       14 14  
Total assets 549       570       549 570  
Current liabilities 178       163       178 163  
Long-term debt 61       86       61 86  
Deferred income taxes 11       12       11 12  
Other noncurrent liabilities 97       98       97 98  
Total liabilities 347       $ 359       347 359  
Revenues, income from continuing operations before income taxes and net cash provided by operating activities for our variable interest entities                      
Total revenues                 154 132 97
Income from continuing operations before income taxes                 40 25 15
Net cash provided by operating activities                 $ 65 $ 51 $ 50
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 $ 61               $ 61    
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, 2018 and December 31, 2017, respectively, $7 and $15 of cash and cash equivalents, nil and $11 of restricted cash, 30 and $35 of accounts and notes receivable (net), $49 and $46 of inventories, $5 and $7 of other current assets, $265 and $283 of property, plant and equipment (net), $10 each of intangible assets (net), $52 and $43 of other noncurrent assets, $123 and $109 of accounts payable, $30 and $32 of accrued liabilities, $25 and $21 of current portion of debt, $61 and $86 of longterm debt, and $97 and $98 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See “Note 8. Variable Interest Entities.”