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
 1 Months Ended 6 Months Ended 12 Months Ended
Mar. 31, 2011
Jun. 30, 2012
Y
Jun. 30, 2011
Dec. 31, 2011
Assets and liabilities of VIE        
Current assets   $ 4,109   $ 3,946
Property, plant and equipment, net   3,536 [1]   3,622 [1]
Other noncurrent assets   486 [1]   482 [1]
Deferred income taxes   189   195
Intangible assets   78 [1]   91 [1]
Goodwill   106   114
Total assets   8,729   8,657
Current liabilities   1,848   1,826
Long-term debt   3,601 [1]   3,730 [1]
Deferred income taxes   341   309
Other noncurrent liabilities   929 [1]   1,012 [1]
Total liabilities   6,723   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   4,021   3,761
Property, plant and equipment, net   3,436 [1]   3,510 [1]
Other noncurrent assets   486 [1]   482 [1]
Deferred income taxes   189   163
Intangible assets   80 [1]   93 [1]
Goodwill   106   114
Total assets   8,543   8,330
Current liabilities   1,929   1,961
Long-term debt   3,601 [1]   3,730 [1]
Deferred income taxes   235   106
Other noncurrent liabilities   926 [1]   1,003 [1]
Total liabilities   7,214   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   383   403
Other noncurrent assets   22   21
Intangible assets   20   23
Long-term debt   248   264
Other noncurrent liabilities   74   111
Rubicon LLC, Pacific Iron Products, Arabian Amines and Sasol Huntsman GmbH and Co. KG
        
Assets and liabilities of VIE        
Current assets   148   140
Property, plant and equipment, net   383   403
Other noncurrent assets   58   61
Deferred income taxes   45   45
Intangible assets   20   23
Goodwill   15   15
Total assets   669   687
Current liabilities   162   145
Long-term debt   252   269
Deferred income taxes   9   9
Other noncurrent liabilities   74   110
Total liabilities   497   533
Sasol Huntsman GmbH and Co. KG
        
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     5,643  
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       $ (2)
[1] At June 30, 2012 and December 31, 2011, respectively, $34 and $44 of cash and cash equivalents, $9 and $2 of restricted cash, $36 and $29 of accounts and notes receivable (net), $50 and $47 of inventories, $1 each of other current assets, $383 and $403 of property, plant and equipment (net), $20 and $23 of intangible assets (net), $22 and $21 of other noncurrent assets, $54 and $55 of accounts payable, $22 and $21 of accrued liabilities, $23 and $16 of current portion of debt, $248 and $264 of long-term debt, and $74 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."