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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details)
In Millions, unless otherwise specified |
3 Months Ended | 6 Months Ended | 1 Months Ended | 6 Months Ended | 3 Months Ended | 1 Months Ended | 3 Months Ended | 6 Months Ended | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Jun. 30, 2011
USD ($)
|
Jun. 30, 2011
USD ($)
|
Jun. 30, 2011
EUR (€)
|
Jun. 30, 2011
Forward foreign currency contracts
USD ($)
|
Jun. 30, 2011
Sasol Huntsman GmbH and Co. KG
Interest rate contract
Designated as Hedging Instrument
|
Jun. 30, 2011
Sasol Huntsman GmbH and Co. KG
Interest rate contract
Non Designated Hedge Instrument
EUR (€)
|
Jun. 30, 2011
Sasol Huntsman GmbH and Co. KG
Interest rate contract
Non Designated Hedge Instrument
USD ($)
|
Jan. 31, 2010
Five-year interest rate contract entered in year 2009
Designated as Hedging Instrument
|
Dec. 31, 2009
Five-year interest rate contract entered in year 2009
Designated as Hedging Instrument
|
Jun. 30, 2011
Five-year interest rate contract entered in year 2009
Designated as Hedging Instrument
USD ($)
|
Jun. 30, 2011
Five-year interest rate contract entered in year 2010
Designated as Hedging Instrument
USD ($)
|
Jun. 30, 2011
Arabian Amines Company
Twelve-year interest rate contract entered in year 2009
Non Designated Hedge Instrument
USD ($)
|
Mar. 31, 2009
Arabian Amines Company
Twelve-year interest rate contract entered in year 2009
Non Designated Hedge Instrument
|
Jun. 30, 2011
Arabian Amines Company
Twelve-year interest rate contract entered in year 2009
Non Designated Hedge Instrument
EUR (€)
|
Mar. 31, 2010
Cross Currency Interest Rate Contract
Designated as Hedging Instrument
USD ($)
|
Mar. 31, 2010
Cross Currency Interest Rate Contract
Designated as Hedging Instrument
EUR (€)
|
Jun. 30, 2011
Cross Currency Interest Rate Contract
Designated as Hedging Instrument
USD ($)
|
Jun. 30, 2011
Cross Currency Interest Rate Contract
Designated as Hedging Instrument
USD ($)
|
Mar. 15, 2015
Cross Currency Interest Rate Contract
Designated as Hedging Instrument
USD ($)
|
Mar. 15, 2015
Cross Currency Interest Rate Contract
Designated as Hedging Instrument
EUR (€)
|
Sep. 15, 2011
Cross Currency Interest Rate Contract
Designated as Hedging Instrument
USD ($)
|
Sep. 15, 2011
Cross Currency Interest Rate Contract
Designated as Hedging Instrument
EUR (€)
|
Mar. 15, 2011
Cross Currency Interest Rate Contract
Designated as Hedging Instrument
USD ($)
|
Mar. 15, 2011
Cross Currency Interest Rate Contract
Designated as Hedging Instrument
EUR (€)
|
|
| Derivative Instruments and Hedging Activities | ||||||||||||||||||||||||
| Maximum maturity period of spot or forward exchange rate contracts (in years) | 1 | |||||||||||||||||||||||
| Notional Amounts | $ 250 | € 54 | $ 77 | $ 50 | $ 50 | $ 40 | ||||||||||||||||||
| Hedging period of interest rate contract (in years) | 5Y | 5Y | 12Y | |||||||||||||||||||||
| Fixed percentage to be paid under the hedge (as a percent) | 3.62% | 2.60% | 2.80% | 5.02% | ||||||||||||||||||||
| Strike price (as a percent) | 3.62% | |||||||||||||||||||||||
| Interest rate to be received under the hedge | one-month LIBOR rate | |||||||||||||||||||||||
| Maximum fair value of the hedge | 2 | 3 | ||||||||||||||||||||||
| Fair value of the hedge | 1 | 2 | 5 | 5 | 5 | |||||||||||||||||||
| Interest income recorded from derivative transactions | 1 | |||||||||||||||||||||||
| Issuance of debt | 350 | |||||||||||||||||||||||
| Stated rate of interest (as a percent) | 8.625% | 8.625% | ||||||||||||||||||||||
| Number of counterparties | 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 | 15 | ||||||||||||||||||||||
| Equivalent annual rate of interest receivable (as a percent) | 8.625% | 8.625% | 8.625% | 8.625% | ||||||||||||||||||||
| U.S. dollar interest payments to be made on March 15 and September 15 of each year | 11 | 11 | ||||||||||||||||||||||
| Equivalent annual rate of interest payable (as a percent) | 8.41% | 8.41% | 8.41% | 8.41% | ||||||||||||||||||||
| Effective portion of the changes in the fair value | 9 | 24 | ||||||||||||||||||||||
| Euro-denominated debt and cross currency interest rate swap as a hedge of net investments | 521 | 363 | ||||||||||||||||||||||
| Amount of loss recognized on the hedge of net investments | 12 | 35 | ||||||||||||||||||||||
| Net euro assets | $ 1,507 | $ 1,507 | € 1,050 | |||||||||||||||||||||