Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATING FINANCIAL INFORMATION OF HUNTSMAN INTERNATIONAL LLC (UNAUDITED) (Details 2)

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CONDENSED CONSOLIDATING FINANCIAL INFORMATION OF HUNTSMAN INTERNATIONAL LLC (UNAUDITED) (Details 2) (USD $)
In Millions, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues:        
Trade sales, services and fees, net $ 2,862 $ 2,896 $ 5,715 $ 5,522
Related party sales 52 38 112 91
Total revenues 2,914 2,934 5,827 5,613
Cost of goods sold 2,387 2,433 4,750 4,652
Gross profit 527 501 1,077 961
Selling, general and administrative 232 256 453 474
Research and development 38 42 77 81
Other operating expense (income) 2 (26) 7 8
Restructuring, impairment and plant closing costs 5 9 5 16
Operating income 250 220 535 382
Interest (expense) income, net (57) (65) (116) (124)
Equity in income of investment in affiliates and subsidiaries 1 2 3 4
Loss on early extinguishment of debt     (1) (3)
Other (expense) income 1 1 1 1
Income from continuing operations before income taxes 195 158 422 260
Income tax expense (65) (34) (125) (56)
Income from continuing operations 130 124 297 204
Income (loss) from discontinued operations, net of tax (2) (1) (6) (15)
Income before extraordinary gain 128 123 291 189
Net income 128 124 291 191
Net income attributable to noncontrolling interests (4) (10) (4) (15)
Net income attributable to Huntsman Corporation or Huntsman International LLC 124 114 287 176
Other comprehensive (loss) income (123) 60 (30) 156
Comprehensive income attributable to noncontrolling interests (2) (10) (4) (16)
Comprehensive income (loss) attributable to Huntsman International LLC 3 174 257 331
Parent Company
        
Revenues:        
Trade sales, services and fees, net 250 231 478 435
Related party sales 168 110 349 192
Total revenues 418 341 827 627
Cost of goods sold 358 298 709 541
Gross profit 60 43 118 86
Selling, general and administrative 47 45 99 84
Research and development 11 13 22 24
Other operating expense (income) (1) (4) (3) 33
Restructuring, impairment and plant closing costs 1   1  
Operating income 2 (11) (1) (55)
Interest (expense) income, net (52) (54) (103) (110)
Equity in income of investment in affiliates and subsidiaries 184 162 385 281
Loss on early extinguishment of debt     (1) (3)
Other (expense) income (22) (16) (22) (16)
Income from continuing operations before income taxes 112 81 258 97
Income tax expense 14 36 33 76
Income from continuing operations 126 117 291 173
Income (loss) from discontinued operations, net of tax 1   2 7
Income before extraordinary gain   117   180
Net income 127 117 293 180
Net income attributable to Huntsman Corporation or Huntsman International LLC 127 117 293 180
Other comprehensive (loss) income (120) 60 (27) 158
Comprehensive income (loss) attributable to Huntsman International LLC 7 177 266 338
Guarantors
        
Revenues:        
Trade sales, services and fees, net 861 861 1,816 1,664
Related party sales 149 149 254 283
Total revenues 1,010 1,010 2,070 1,947
Cost of goods sold 799 816 1,611 1,582
Gross profit 211 194 459 365
Selling, general and administrative 25 31 51 57
Research and development 9 8 18 16
Other operating expense (income) 12 (11) 7 (38)
Restructuring, impairment and plant closing costs 1   1  
Operating income 164 166 382 330
Interest (expense) income, net 11 11 21 21
Equity in income of investment in affiliates and subsidiaries 70 53 122 61
Income from continuing operations before income taxes 245 230 525 412
Income tax expense (59) (60) (134) (120)
Income from continuing operations 186 170 391 292
Income (loss) from discontinued operations, net of tax 1      
Income before extraordinary gain   170   292
Net income 187 170 391 292
Net income attributable to noncontrolling interests (1) (1) (1) (1)
Net income attributable to Huntsman Corporation or Huntsman International LLC 186 169 390 291
Other comprehensive (loss) income (137) 101 19 308
Comprehensive income attributable to noncontrolling interests (1)   (1) (1)
Comprehensive income (loss) attributable to Huntsman International LLC 49 271 409 599
Non-guarantors
        
Revenues:        
Trade sales, services and fees, net 1,751 1,807 3,421 3,426
Related party sales 291 283 578 569
Total revenues 2,042 2,090 3,999 3,995
Cost of goods sold 1,758 1,802 3,464 3,456
Gross profit 284 288 535 539
Selling, general and administrative 158 179 299 331
Research and development 18 21 37 41
Other operating expense (income) (9) (11) 3 13
Restructuring, impairment and plant closing costs 3 9 3 16
Operating income 114 90 193 138
Interest (expense) income, net (20) (24) (40) (42)
Equity in income of investment in affiliates and subsidiaries 1 3 3 5
Other (expense) income 1   1  
Income from continuing operations before income taxes 96 69 157 101
Income tax expense (20) (10) (25) (12)
Income from continuing operations 76 59 132 89
Income (loss) from discontinued operations, net of tax (4) (1) (8) (22)
Income before extraordinary gain   58   67
Extraordinary gain on the acquisition of a business, net of tax of nil   1   2 [1]
Net income 72 59 124 69
Net income attributable to noncontrolling interests (4) (4) (5) (8)
Net income attributable to Huntsman Corporation or Huntsman International LLC 68 55 119 61
Other comprehensive (loss) income (95) 61 (15) 107
Comprehensive income attributable to noncontrolling interests   (5) (2) (9)
Comprehensive income (loss) attributable to Huntsman International LLC (23) 115 107 167
Eliminations
        
Revenues:        
Trade sales, services and fees, net   (3)   (3)
Related party sales (556) (504) (1,069) (953)
Total revenues (556) (507) (1,069) (956)
Cost of goods sold (533) (487) (1,043) (936)
Gross profit (23) (20) (26) (20)
Operating income (23) (20) (26) (20)
Equity in income of investment in affiliates and subsidiaries (254) (216) (507) (343)
Other (expense) income 22 17 22 17
Income from continuing operations before income taxes (255) (219) (511) (346)
Income from continuing operations (255) (219) (511) (346)
Income before extraordinary gain   (219)   (346)
Net income (255) (219) (511) (346)
Net income attributable to noncontrolling interests 1 (5) 2 (6)
Net income attributable to Huntsman Corporation or Huntsman International LLC (254) (224) (509) (352)
Other comprehensive (loss) income 230 (161) (4) (414)
Comprehensive income attributable to noncontrolling interests (1) (5) (1) (6)
Comprehensive income (loss) attributable to Huntsman International LLC (26) (385) (516) (766)
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
        
Revenues:        
Trade sales, services and fees, net 2,862 2,896 5,715 5,522
Related party sales 52 38 112 91
Total revenues 2,914 2,934 5,827 5,613
Cost of goods sold 2,382 2,429 4,741 4,643
Gross profit 532 505 1,086 970
Selling, general and administrative 230 255 449 472
Research and development 38 42 77 81
Other operating expense (income) 2 (26) 7 8
Restructuring, impairment and plant closing costs 5 9 5 16
Operating income 257 225 548 393
Interest (expense) income, net (61) (67) (122) (131)
Equity in income of investment in affiliates and subsidiaries 1 2 3 4
Loss on early extinguishment of debt     (1) (3)
Other (expense) income 1 1 1 1
Income from continuing operations before income taxes 198 161 429 264
Income tax expense (65) (34) (126) (56)
Income from continuing operations 133 127 303 208
Income (loss) from discontinued operations, net of tax (2) (1) (6) (15)
Income before extraordinary gain 131 126 297 193
Extraordinary gain on the acquisition of a business, net of tax of nil   1   2
Net income 131 127 297 195
Net income attributable to noncontrolling interests (4) (10) (4) (15)
Net income attributable to Huntsman Corporation or Huntsman International LLC 127 117 293 180
Other comprehensive (loss) income (122) 61 (27) 159
Comprehensive income attributable to noncontrolling interests (2) (10) (4) (16)
Comprehensive income (loss) attributable to Huntsman International LLC $ 7 $ 178 $ 266 $ 338
[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."