DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details)
In Millions, unless otherwise specified |
3 Months Ended | 3 Months Ended | 1 Months Ended | 3 Months Ended | 12 Months Ended | 1 Months Ended | 3 Months Ended | 12 Months Ended | 1 Months Ended | 3 Months Ended | 9 Months Ended | 9 Months Ended | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 31, 2013
USD ($)
|
Mar. 31, 2013
EUR (€)
|
Mar. 31, 2013
Forward foreign currency contracts
USD ($)
|
Jan. 31, 2010
Five-year interest rate contract entered in year 2010
Designated as Hedging Instrument
|
Mar. 31, 2013
Five-year interest rate contract entered in year 2010
Designated as Hedging Instrument
USD ($)
|
Mar. 31, 2013
Twelve-year interest rate contract entered in year 2009
Non Designated Hedge Instrument
Arabian Amines Company
USD ($)
|
Dec. 31, 2009
Twelve-year interest rate contract entered in year 2009
Non Designated Hedge Instrument
Arabian Amines Company
|
Dec. 31, 2009
Five-year interest rate contract entered in year 2009
Designated as Hedging Instrument
|
Mar. 31, 2013
Five-year interest rate contract entered in year 2009
Designated as Hedging Instrument
USD ($)
|
Mar. 31, 2013
Floating to fixed interest rate contract
USD ($)
|
Dec. 31, 2009
Floating to fixed interest rate contract
|
Mar. 31, 2013
Floating to fixed interest rate contract
EUR (€)
|
Mar. 31, 2010
Cross Currency Interest Rate Contract
Designated as Hedging Instrument
USD ($)
|
Mar. 31, 2010
Cross Currency Interest Rate Contract
Designated as Hedging Instrument
EUR (€)
|
Mar. 31, 2013
Cross Currency Interest Rate Contract
Designated as Hedging Instrument
USD ($)
item
|
Mar. 31, 2013
Cross Currency Interest Rate Contract
Designated as Hedging Instrument
EUR (€)
item
|
Mar. 15, 2015
Cross Currency Interest Rate Contract
Designated as Hedging Instrument
USD ($)
|
Mar. 15, 2015
Cross Currency Interest Rate Contract
Designated as Hedging Instrument
EUR (€)
|
Mar. 31, 2013
Forward interest rate contract beginning in December, 2014 and January, 2015
USD ($)
|
Sep. 30, 2011
Forward interest rate contract beginning in December, 2014
|
Sep. 02, 2011
Forward interest rate contract beginning in December, 2014
USD ($)
|
Sep. 30, 2011
Forward interest rate contract beginning in January, 2015
|
Sep. 02, 2011
Forward interest rate contract beginning in January, 2015
USD ($)
|
|
Derivative Instruments and Hedging Activities | |||||||||||||||||||||||
Notional Amounts | $ 229 | $ 50 | $ 34 | $ 50 | $ 50 | $ 50 | |||||||||||||||||
Hedging period of interest rate contract | 5 years | 12 years | 5 years | ||||||||||||||||||||
Fixed percentage to be paid under the hedge | 2.80% | 5.02% | 2.60% | 3.62% | 2.50% | 2.50% | |||||||||||||||||
Variable rate basis | one-month LIBOR | LIBOR | one-month LIBOR | EURIBOR | one-month LIBOR | one-month LIBOR | |||||||||||||||||
Fair value of the hedge | 2 | 5 | 2 | 4 | |||||||||||||||||||
Strike price (as a percent) | 3.62% | ||||||||||||||||||||||
Notional amount of hedge | 54 | 42 | |||||||||||||||||||||
Fair value of interest rate derivative not designated as hedging instrument recorded in other noncurrent liabilities | 3 | 2 | |||||||||||||||||||||
Additional (reduction of) interest expense due to changes in the fair value of the swap | 1 | ||||||||||||||||||||||
Maximum maturity period of spot or forward exchange rate contracts | 1 year | ||||||||||||||||||||||
Stated rate of interest (as a percent) | 8.625% | 8.625% | |||||||||||||||||||||
Number of counterparties | 3 | 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 | ||||||||||||||||||||||
Equivalent annual rate of interest receivable (as a percent) | 8.625% | 8.625% | |||||||||||||||||||||
U.S. dollar interest payments to be made on March 15 and September 15 of each year | 11 | ||||||||||||||||||||||
Equivalent annual rate of interest payable (as a percent) | 8.41% | 8.41% | |||||||||||||||||||||
Fair value of the swap | 29 | ||||||||||||||||||||||
Euro-denominated debt and cross currency interest rate swap as a hedge of net investments | 325 | 255 | |||||||||||||||||||||
Amount of gain (loss) recognized on the hedge of net investments | 10 | ||||||||||||||||||||||
Net euro assets | $ 1,276 | € 999 |