Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATING FINANCIAL INFORMATION OF HUNTSMAN INTERNATIONAL LLC (Details 3)

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CONDENSED CONSOLIDATING FINANCIAL INFORMATION OF HUNTSMAN INTERNATIONAL LLC (Details 3) (USD $)
In Millions
 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Condensed consolidating financial statements    
Net cash provided by (used in) operating activities $ 1 $ (442)
Investing Activities:    
Capital expenditures (124) (78)
Proceeds from settlements treated as reimbursement of capital expenditures 3 34
Cash assumed in connection with the initial consolidation of a variable interest entity 28  
Cash paid for acquisition of a business (23)  
Proceeds from sale of business/assets 3  
Investment in unconsolidated affiliates (10) (4)
Change in restricted cash   (1)
Cash received from unconsolidated affiliates 13  
Other (1)  
Net cash used in investing activities (111) (49)
Financing Activities:    
Net borrowings (repayments) under revolving loan facilities 4 (4)
Revolving loan facility from A/R Programs   254
Net borrowings on overdraft facilities 11 5
Repayments of short-term debt (100) (94)
Borrowings on short-term debt 76 115
Repayments of long-term debt (170) (895)
Proceeds from issuance of long-term debt 71 375
Repayments of notes payable (15) (22)
Borrowings on notes payable 1 4
Debt issuance costs paid (7) (17)
Call premiums related to early extinguishment of debt (3) (153)
Excess tax benefit related to stock-based compensation 10 4
Other, net (3)  
Net cash used in financing activities (178) (480)
Effect of exchange rate changes on cash 5 (8)
Decrease in cash and cash equivalents (283) (979)
Cash and cash equivalents at beginning of period 966 [1] 1,745
Cash and cash equivalents at end of period 683 [1] 766
Parent Company
    
Condensed consolidating financial statements    
Net cash provided by (used in) operating activities 86 (340)
Investing Activities:    
Capital expenditures (7) (6)
Decrease (increase) in receivable from affiliate 8 (46)
Investment in affiliate (106) (116)
Net cash used in investing activities (105) (168)
Financing Activities:    
Revolving loan facility from A/R Programs   254
Repayments of long-term debt (100) (629)
Proceeds from issuance of long-term debt   350
Repayments of notes payable to affiliate   (125)
Proceeds from notes payable to affiliate   110
Repayments of notes payable (14) (19)
Debt issuance costs paid (7) (17)
Call premiums related to early extinguishment of debt (3) (7)
Dividends paid to parent (32)  
Excess tax benefit related to stock-based compensation 10 4
Net cash used in financing activities (146) (79)
Decrease in cash and cash equivalents (165) (587)
Cash and cash equivalents at beginning of period 220 688
Cash and cash equivalents at end of period 55 101
Guarantors
    
Condensed consolidating financial statements    
Net cash provided by (used in) operating activities 45 (13)
Investing Activities:    
Capital expenditures (29) (26)
Proceeds from settlements treated as reimbursement of capital expenditures   34
Investment in affiliate (1) (4)
Investment in unconsolidated affiliates (10)  
Cash received from unconsolidated affiliates 13  
Net cash used in investing activities (27) 4
Financing Activities:    
Contribution from parent, net (23) (2)
Dividends paid to parent (1)  
Other, net   (1)
Net cash used in financing activities (24) (3)
Decrease in cash and cash equivalents (6) (12)
Cash and cash equivalents at beginning of period 9 24
Cash and cash equivalents at end of period 3 12
Non-guarantors
    
Condensed consolidating financial statements    
Net cash provided by (used in) operating activities (128) (60)
Investing Activities:    
Capital expenditures (88) (46)
Proceeds from settlements treated as reimbursement of capital expenditures 3  
Cash assumed in connection with the initial consolidation of a variable interest entity 28  
Cash paid for acquisition of a business (23)  
Proceeds from sale of business/assets 3  
Investment in unconsolidated affiliates   (4)
Change in restricted cash   (1)
Other (6)  
Net cash used in investing activities (83) (51)
Financing Activities:    
Net borrowings (repayments) under revolving loan facilities 4 (4)
Net borrowings on overdraft facilities 11 5
Repayments of short-term debt (100) (94)
Borrowings on short-term debt 76 115
Repayments of long-term debt (70) (30)
Proceeds from issuance of long-term debt 71 25
Intercompany repayments   (5)
Repayments of notes payable (1) (3)
Borrowings on notes payable 1 4
Contribution from parent, net 130 127
Other, net   1
Net cash used in financing activities 122 141
Effect of exchange rate changes on cash 5 (8)
Decrease in cash and cash equivalents (84) 22
Cash and cash equivalents at beginning of period 332 207
Cash and cash equivalents at end of period 248 229
Eliminations.
    
Condensed consolidating financial statements    
Net cash provided by (used in) operating activities (6)  
Investing Activities:    
Investment in affiliate 107 120
Other 5  
Net cash used in investing activities 112 120
Financing Activities:    
Intercompany repayments   5
Contribution from parent, net (107) (125)
Dividends paid to parent 1  
Net cash used in financing activities (106) (120)
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
    
Condensed consolidating financial statements    
Net cash provided by (used in) operating activities (3) (413)
Investing Activities:    
Capital expenditures (124) (78)
Proceeds from settlements treated as reimbursement of capital expenditures 3 34
Cash assumed in connection with the initial consolidation of a variable interest entity 28  
Cash paid for acquisition of a business (23)  
Proceeds from sale of business/assets 3  
Decrease (increase) in receivable from affiliate 8 (46)
Investment in unconsolidated affiliates (10) (4)
Change in restricted cash   (1)
Cash received from unconsolidated affiliates 13  
Other (1)  
Net cash used in investing activities (103) (95)
Financing Activities:    
Net borrowings (repayments) under revolving loan facilities 4 (4)
Revolving loan facility from A/R Programs   254
Net borrowings on overdraft facilities 11 5
Repayments of short-term debt (100) (94)
Borrowings on short-term debt 76 115
Repayments of long-term debt (170) (659)
Proceeds from issuance of long-term debt 71 375
Repayments of notes payable to affiliate   (125)
Proceeds from notes payable to affiliate   110
Repayments of notes payable (15) (22)
Borrowings on notes payable 1 4
Debt issuance costs paid (7) (17)
Call premiums related to early extinguishment of debt (3) (7)
Dividends paid to parent (32)  
Excess tax benefit related to stock-based compensation 10 4
Net cash used in financing activities (154) (61)
Effect of exchange rate changes on cash 5 (8)
Decrease in cash and cash equivalents (255) (577)
Cash and cash equivalents at beginning of period 561 [1] 919
Cash and cash equivalents at end of period $ 306 [1] $ 342
[1] At June 30, 2011 and December 31, 2010, respectively, $66 and $7 of cash and cash equivalents, $2 and nil of restricted cash, $37 and $8 of accounts and notes receivable (net), $50 and $45 of inventories, $3 and $2 of other current assets, $429 and $275 of property, plant and equipment (net), $26 and $7 of intangible assets (net), $20 and $18 of other noncurrent assets, $74 and $56 of accounts payable, $19 and $16 of accrued liabilities, $27 and $15 of current portion of debt, $286 and $185 of long-term debt, and $98 and $109 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheet captions above. See Note 5. Variable Interest Entities.