Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details)

v2.4.0.6
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