Registration of securities issued in business combination transactions

VARIABLE INTEREST ENTITIES (Details)

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VARIABLE INTEREST ENTITIES (Details) (USD $)
In Millions, unless otherwise specified
 1 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2011
Sep. 30, 2012
Sep. 30, 2011
Dec. 31, 2011
Dec. 31, 2010
Assets and liabilities of VIE          
Current assets   $ 4,313   $ 3,761 $ 3,722
Property, plant and equipment, net   3,531 [1]   3,510 [1] 3,469 [2]
Other noncurrent assets   484 [1]   482 [1] 495 [2]
Deferred income taxes   190   163 179
Intangible assets   75 [1]   93 [1] 107 [2]
Goodwill   107   114 94
Total assets   8,925   8,330 8,307
Current liabilities   2,045   1,961 2,207
Long-term debt   3,550 [1]   3,730 [1] 3,627 [2]
Deferred income taxes   272   106 94
Other noncurrent liabilities   907 [1]   1,003 [1] 852 [2]
Total liabilities   7,384   7,239 7,219
Fair value of the noncontrolling interest 61        
Noncontrolling interest (as a percent)   100.00%   100.00%  
Number of parents for which tax consequence adjustment is applicable   1   1  
Consolidated VIE's
          
Identification of variable interest entities through investments and transactions          
Number of joint ventures   4   4  
Assets and liabilities of VIE          
Property, plant and equipment, net   382   403 275
Other noncurrent assets   27   21 18
Intangible assets   20   23 7
Long-term debt   241   264 185
Other noncurrent liabilities   72   111 109
Rubicon LLC, Pacific Iron Products, Arabian Amines and Sasol Huntsman GmbH and Co. KG
          
Assets and liabilities of VIE          
Current assets   166   140  
Property, plant and equipment, net   382   403  
Other noncurrent assets   58   61  
Deferred income taxes   45   45  
Intangible assets   20   23  
Goodwill   15   15  
Total assets   686   687  
Current liabilities   187   145  
Long-term debt   245   269  
Deferred income taxes   9   9  
Other noncurrent liabilities   72   110  
Total liabilities   513   533  
Sasol Huntsman GmbH and Co. KG
          
Assets and liabilities of VIE          
Current assets 61     54  
Property, plant and equipment, net 155     141  
Intangible assets 16     17  
Goodwill 17     15  
Total assets 249     227  
Current liabilities 23     30  
Long-term debt 93     87  
Deferred income taxes 8     8  
Other noncurrent liabilities 7     2  
Total liabilities 131     127  
Total goodwill amount deductible for the tax purposes   12   12  
Decrease in amount of goodwill due to a change in foreign currency exchange rate       2  
Average useful life of all other intangible assets   18 years   18 years  
Pro forma revenues     8,618 11,259 9,337
One time non cash gain     12 12  
One-time noncash income tax expense recognized $ 2     $ 2  
Noncontrolling interest (as a percent) 50.00%        
[1] At September 30, 2012 and December 31, 2011, respectively, $31 and $44 of cash and cash equivalents, $9 and $2 of restricted cash, $40 and $29 of accounts and notes receivable (net), $42 and $47 of inventories, $1 each of other current assets, $382 and $403 of property, plant and equipment (net), $20 and $23 of intangible assets (net), $27 and $21 of other noncurrent assets, $63 and $55 of accounts payable, $25 and $21 of accrued liabilities, $25 and $16 of current portion of debt, $241 and $264 of long-term debt, and $72 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."
[2] At December 31, 2011 and 2010, respectively, $44 and $7 of cash and cash equivalents, $2 and nil of restricted cash, $29 and $8 of accounts and notes receivable (net), $47 and $45 of inventories, $1 and $2 of other current assets, $403 and $275 of property, plant and equipment (net), $23 and $7 of intangible assets (net), $21 and $18 of other noncurrent assets, $55 and $56 of accounts payable, $21 and $16 of accrued liabilities, $16 and $15 of current portion of debt, $264 and $185 of long-term debt, and $111 and $109 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See "Note 7. Variable Interest Entities."