Annual report pursuant to Section 13 and 15(d)

BUSINESS COMBINATIONS AND DISPOSITIONS (Tables)

v2.4.0.6
BUSINESS COMBINATIONS AND DISPOSITIONS (Tables)
12 Months Ended
Dec. 31, 2012
Russian MDI Acquisition
 
Business Combinations  
Preliminary allocation of acquisition cost to the assets acquired and liabilities assumed

The preliminary allocation of acquisition cost to the assets acquired and liabilities assumed is summarized as follows (dollars in millions):

Fair value of original 45% ownership interest acquired in 2007

  $ 13  

Acquisition cost of 55% ownership interest acquired in 2012

    16  
       

Total fair value of net assets acquired

  $ 29  
       

Fair value of assets acquired and liabilities assumed:

       

Accounts receivable

  $ 2  

Inventories

    9  

Other current assets

    1  

Property, plant and equipment

    31  

Accounts payable

    (4 )

Accrued liabilities

    (1 )

Deferred income taxes

    (2 )

Long-term debt

    (7 )
       

Total fair value of net assets acquired

  $ 29  
       

        

Estimated pro forma revenues and net income (loss) attributable

The following estimated pro forma revenues attributable to our Company and Huntsman International would have been reported (dollars in millions):

 
  Pro Forma  
 
  Year ended December 31,
(unaudited)
 
 
  2012   2011   2010  

Revenues

  $ 11,231   $ 11,257   $ 9,277  
Russian MDI Acquisition | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
 
Business Combinations  
Estimated pro forma revenues and net income (loss) attributable

The following estimated pro forma revenues attributable to our Company and Huntsman International would have been reported (dollars in millions):

 
  Pro Forma  
 
  Year ended December 31,
(unaudited)
 
 
  2012   2011   2010  

Revenues

  $ 11,231   $ 11,257   $ 9,277  
Laffans Petrochemicals Limited
 
Business Combinations  
Preliminary allocation of acquisition cost to the assets acquired and liabilities assumed

The allocation of acquisition cost to the assets acquired and liabilities assumed is summarized as follows (dollars in millions):

Acquisition cost

  $ 23  
       

Fair value of assets acquired and liabilities assumed:

       

Accounts receivable

  $ 9  

Inventories

    2  

Other current assets

    2  

Property, plant and equipment

    12  

Intangibles

    3  

Accounts payable

    (3 )

Accrued liabilities

    (1 )

Other noncurrent liabilities

    (1 )
       

Total fair value of net assets acquired

  $ 23  
       

        

Estimated pro forma revenues and net income (loss) attributable

 If this acquisition were to have occurred on January 1, 2010 the following estimated pro forma revenues and net income attributable to Huntsman Corporation and Huntsman International would have been reported (dollars in millions):

 
  Pro Forma  
 
  Year ended
December 31,
(unaudited)
 
 
  2011   2010  

Revenues

  $ 11,235   $ 9,301  

Net income attributable to Huntsman Corporation

    248     28  
Laffans Petrochemicals Limited | HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
 
Business Combinations  
Estimated pro forma revenues and net income (loss) attributable

 If this acquisition were to have occurred on January 1, 2010 the following estimated pro forma revenues and net income attributable to Huntsman Corporation and Huntsman International would have been reported (dollars in millions):

 
  Pro Forma  
 
  Year ended
December 31,
(unaudited)
 
 
  2011   2010  

Revenues

  $ 11,235   $ 9,301  

Net income attributable to Huntsman Corporation

    254     181