Registration of securities issued in business combination transactions

INVESTMENT IN UNCONSOLIDATED AFFILIATES (Tables)

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INVESTMENT IN UNCONSOLIDATED AFFILIATES (Tables)
12 Months Ended
Dec. 31, 2011
INVESTMENT IN UNCONSOLIDATED AFFILIATES  
Schedule of ownership percentage and investment in unconsolidated affiliates

 

 

 
  December 31,  
 
  2011   2010  

Equity Method:

             

Sasol-Huntsman GmbH and Co. KG (50%)(1)

  $ -   $ 44  

Louisiana Pigment Company, L.P. (50%)

    90     98  

BASF Huntsman Shanghai Isocyanate Investment BV (50%)(2)

    79     65  

International Polyurethanes Investments B.V. (45%)

    17     16  

Jurong Ningwu New Materials Development Co., Ltd. (30%)

    10     5  

Others

    1     1  
           

Total equity method investments

    197     229  

Cost Method:

             

International Diol Company (4.35%)

    5     5  
           

Total investments

  $ 202   $ 234  
           

(1)
We began consolidating Sasol-Huntsman as of April 1, 2011. See "Note 7. Variable Interest Entities."

(2)
We own 50% of BASF Huntsman Shanghai Isocyanate Investment BV. BASF Huntsman Shanghai Isocyanate Investment BV owns a 70% interest in SLIC, thus giving us an indirect 35% interest in SLIC.
Sasol Huntsman GmbH and Co. KG
 
Investment in unconsolidated affiliates  
Summarized applicable financial information of unconsolidated affiliates

 

 

 
  2011   2010   2009  

Current assets

  $ -   $ 55        

Noncurrent assets

    -     123        

Current liabilities

    -     22        

Noncurrent liabilities

    -     83        

Revenues

    40 (1)   108   $ 68  

Gross profit

    7 (1)   14     9  

Net income

    (2) (1)   10     3  

(1)
Represents activity for the period from January 1, 2011 to the date of consolidation on April 1, 2011.
Others
 
Investment in unconsolidated affiliates  
Summarized applicable financial information of unconsolidated affiliates

 

 
  2011   2010   2009  

Assets

  $ 621   $ 722        

Liabilities

    285     306        

Revenues

    954     936   $ 593  

Net income

    22     10     3