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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details)
In Millions, unless otherwise specified |
3 Months Ended | 6 Months Ended | 6 Months Ended | 1 Months Ended | 6 Months Ended | 12 Months Ended | 3 Months Ended | 6 Months Ended | 1 Months Ended | 6 Months Ended | 12 Months Ended | 3 Months Ended | 6 Months Ended | 1 Months Ended | 6 Months Ended | 9 Months Ended | 9 Months Ended | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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Jun. 30, 2012
USD ($)
|
Jun. 30, 2012
USD ($)
|
Jun. 30, 2012
EUR (€)
|
Jun. 30, 2012
Forward foreign currency contracts
USD ($)
Y
|
Jan. 31, 2010
Five-year interest rate contract entered in year 2010
Designated as Hedging Instrument
|
Jun. 30, 2012
Five-year interest rate contract entered in year 2010
Designated as Hedging Instrument
USD ($)
|
Jun. 30, 2012
Twelve-year interest rate contract entered in year 2009
Non Designated Hedge Instrument
Arabian Amines Company
USD ($)
|
Dec. 31, 2009
Twelve-year interest rate contract entered in year 2009
Non Designated Hedge Instrument
Arabian Amines Company
|
Jun. 30, 2012
Twelve-year interest rate contract entered in year 2009
Non Designated Hedge Instrument
Arabian Amines Company
Maximum
USD ($)
|
Jun. 30, 2012
Twelve-year interest rate contract entered in year 2009
Non Designated Hedge Instrument
Arabian Amines Company
Maximum
USD ($)
|
Dec. 31, 2009
Five-year interest rate contract entered in year 2009
Designated as Hedging Instrument
|
Jun. 30, 2012
Five-year interest rate contract entered in year 2009
Designated as Hedging Instrument
USD ($)
|
Dec. 31, 2009
Floating to fixed interest rate contract
|
Jun. 30, 2012
Floating to fixed interest rate contract
USD ($)
|
Jun. 30, 2012
Floating to fixed interest rate contract
EUR (€)
|
Jun. 30, 2012
Floating to fixed interest rate contract
Maximum
USD ($)
|
Jun. 30, 2012
Floating to fixed interest rate contract
Maximum
EUR (€)
|
Jun. 30, 2012
Floating to fixed interest rate contract
Maximum
USD ($)
|
Jun. 30, 2012
Floating to fixed interest rate contract
Maximum
EUR (€)
|
Mar. 31, 2010
Cross Currency Interest Rate Contract
Designated as Hedging Instrument
USD ($)
|
Mar. 31, 2010
Cross Currency Interest Rate Contract
Designated as Hedging Instrument
EUR (€)
|
Jun. 30, 2012
Cross Currency Interest Rate Contract
Designated as Hedging Instrument
USD ($)
counterparty
|
Jun. 30, 2012
Cross Currency Interest Rate Contract
Designated as Hedging Instrument
EUR (€)
counterparty
|
Mar. 15, 2015
Cross Currency Interest Rate Contract
Designated as Hedging Instrument
USD ($)
|
Mar. 15, 2015
Cross Currency Interest Rate Contract
Designated as Hedging Instrument
EUR (€)
|
Jun. 30, 2012
Forward interest rate contract beginning in December, 2014 and January, 2015
USD ($)
|
Sep. 30, 2011
Forward interest rate contract beginning in December, 2014
|
Sep. 02, 2011
Forward interest rate contract beginning in December, 2014
USD ($)
|
Sep. 30, 2011
Forward interest rate contract beginning in January, 2015
|
Sep. 02, 2011
Forward interest rate contract beginning in January, 2015
USD ($)
|
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| Derivative Instruments and Hedging Activities | ||||||||||||||||||||||||||||||
| Notional Amounts | $ 238 | $ 50 | $ 38 | $ 50 | $ 50 | $ 50 | ||||||||||||||||||||||||
| Hedging period of interest rate contract | 5 years | 12 years | 5 years | |||||||||||||||||||||||||||
| Fixed percentage to be paid under the hedge | 2.80% | 5.02% | 2.60% | 3.62% | 2.50% | 2.50% | ||||||||||||||||||||||||
| Variable rate basis | one-month LIBOR | LIBOR | one-month LIBOR | EURIBOR | one-month LIBOR | one-month LIBOR | ||||||||||||||||||||||||
| Fair value of the hedge | 3 | 6 | 3 | 3 | ||||||||||||||||||||||||||
| Strike price (as a percent) | 3.62% | |||||||||||||||||||||||||||||
| Notional amount of hedge | 56 | 45 | ||||||||||||||||||||||||||||
| Fair value of interest rate derivative not designated as hedging instrument recorded in other noncurrent liabilities | 3 | 2 | ||||||||||||||||||||||||||||
| Interest income (expense) due to changes in the fair value of the swap | 1 | 1 | 1 | 1 | 1 | 1 | ||||||||||||||||||||||||
| Maximum maturity period of spot or forward exchange rate contracts (in years) | 1 | |||||||||||||||||||||||||||||
| Stated rate of interest (as a percent) | 8.625% | 8.625% | ||||||||||||||||||||||||||||
| Number of counterparties | 3 | 3 | ||||||||||||||||||||||||||||
| Amount paid to counterparties | 350 | |||||||||||||||||||||||||||||
| Amount received from counterparties | 255 | |||||||||||||||||||||||||||||
| Amount payable to counterparties on maturity of derivative contract | 255 | |||||||||||||||||||||||||||||
| Amount receivable from counterparties on maturity of derivative contract | 350 | |||||||||||||||||||||||||||||
| U.S. dollar interest payments to be received on March 15 and September 15 of each year | 15 | |||||||||||||||||||||||||||||
| Equivalent annual rate of interest receivable (as a percent) | 8.625% | 8.625% | ||||||||||||||||||||||||||||
| U.S. dollar interest payments to be made on March 15 and September 15 of each year | 11 | |||||||||||||||||||||||||||||
| Equivalent annual rate of interest payable (as a percent) | 8.41% | 8.41% | ||||||||||||||||||||||||||||
| Fair value of the swap | 35 | |||||||||||||||||||||||||||||
| Euro-denominated debt and cross currency interest rate swap as a hedge of net investments | 318 | 318 | 255 | |||||||||||||||||||||||||||
| Amount of gain recognized on the hedge of net investments | 18 | 5 | ||||||||||||||||||||||||||||
| Net euro assets | $ 1,572 | $ 1,572 | € 1,260 | |||||||||||||||||||||||||||