ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾

Quarterly report pursuant to Section 13 or 15(d)

VARIABLE INTEREST ENTITIES (Details)

v2.4.0.6
VARIABLE INTEREST ENTITIES (Details) (USD $)
In Millions, unless otherwise specified
 3 Months Ended 12 Months Ended
Mar. 31, 2012
Y
Mar. 31, 2011
Dec. 31, 2011
Assets and liabilities of VIE Ìý Ìý Ìý
Current assets $ 4,209 Ìý $ 3,946
Property, plant and equipment, net 3,648 [1] Ìý 3,622 [1]
Other noncurrent assets 476 [1] Ìý 482 [1]
Deferred income taxes 200 Ìý 195
Intangible assets 87 [1] Ìý 91 [1]
Goodwill 108 Ìý 114
Total assets 8,953 Ìý 8,657
Current liabilities 1,986 Ìý 1,826
Long-term debt 3,628 [1] Ìý 3,730 [1]
Deferred income taxes 328 Ìý 309
Other noncurrent liabilities 987 [1] Ìý 1,012 [1]
Total liabilities 6,933 Ìý 6,881
Noncontrolling interest (as a percent) 100.00% Ìý Ìý
Number of parents for which tax consequence adjustment is applicable 1 Ìý Ìý
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
 Ìý Ìý Ìý
Assets and liabilities of VIE Ìý Ìý Ìý
Current assets 4,148 Ìý 3,761
Property, plant and equipment, net 3,542 [1] Ìý 3,510 [1]
Other noncurrent assets 476 [1] Ìý 482 [1]
Deferred income taxes 169 Ìý 163
Intangible assets 89 [1] Ìý 93 [1]
Goodwill 108 Ìý 114
Total assets 8,757 Ìý 8,330
Current liabilities 2,108 Ìý 1,961
Long-term debt 3,628 [1] Ìý 3,730 [1]
Deferred income taxes 155 Ìý 106
Other noncurrent liabilities 986 [1] Ìý 1,003 [1]
Total liabilities 7,418 Ìý 7,239
Fair value of the noncontrolling interest Ìý 61 Ìý
Consolidated VIE's
 Ìý Ìý Ìý
Identification of variable interest entities through investments and transactions Ìý Ìý Ìý
Number of joint ventures 4 Ìý Ìý
Assets and liabilities of VIE Ìý Ìý Ìý
Property, plant and equipment, net 399 Ìý 403
Other noncurrent assets 22 Ìý 21
Intangible assets 23 Ìý 23
Long-term debt 256 Ìý 264
Other noncurrent liabilities 103 Ìý 111
Rubicon LLC, Pacific Iron Products, Arabian Amines and Sasol ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ GmbH and Co. KG
 Ìý Ìý Ìý
Assets and liabilities of VIE Ìý Ìý Ìý
Current assets 180 Ìý 140
Property, plant and equipment, net 399 Ìý 403
Other noncurrent assets 59 Ìý 61
Deferred income taxes 45 Ìý 45
Intangible assets 23 Ìý 23
Goodwill 16 Ìý 15
Total assets 722 Ìý 687
Current liabilities 195 Ìý 145
Long-term debt 261 Ìý 269
Deferred income taxes 9 Ìý 9
Other noncurrent liabilities 103 Ìý 110
Total liabilities 568 Ìý 533
Sasol ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ GmbH and Co. KG
 Ìý Ìý Ìý
Identification of variable interest entities through investments and transactions Ìý Ìý Ìý
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ share of joint venture (as a percent) 50.00% Ìý Ìý
Joint venture partner share of joint venture (as a percent) 50.00% Ìý Ìý
Assets and liabilities of VIE Ìý Ìý Ìý
Current assets Ìý 61 Ìý
Property, plant and equipment, net Ìý 155 Ìý
Intangible assets Ìý 16 Ìý
Goodwill Ìý 17 Ìý
Total assets Ìý 249 Ìý
Current liabilities Ìý 23 Ìý
Long-term debt Ìý 93 Ìý
Deferred income taxes Ìý 8 Ìý
Other noncurrent liabilities Ìý 7 Ìý
Total liabilities Ìý 131 Ìý
Total goodwill amount deductible for the tax purposes 12 Ìý Ìý
Average useful life of all other intangible assets (in years) 18 Ìý Ìý
Pro forma revenues Ìý 2,709 Ìý
One time non cash gain 12 Ìý Ìý
One-time noncash income tax expense recognized 2 Ìý Ìý
Noncontrolling interest (as a percent) Ìý 50.00% Ìý
Increase (decrease) in amount of goodwill due to a change in foreign currency exchange rate $ 1 Ìý $ (2)
[1] At March 31, 2012 and December 31, 2011, respectively, $33 and $44 of cash and cash equivalents, $9 and $2 of restricted cash, $34 and $29 of accounts and notes receivable (net), $49 and $47 of inventories, $2 and $1 of other current assets, $399 and $403 of property, plant and equipment (net), $23 each of intangible assets (net), $22 and $21 of other noncurrent assets, $64 and $55 of accounts payable, $19 and $21 of accrued liabilities, $23 and $16 of current portion of debt, $256 and $264 of long-term debt, and $103 and $111 of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See "Note 5. Variable Interest Entities."