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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 3 Months Ended 1 Months Ended 3 Months Ended 12 Months Ended 3 Months Ended 1 Months Ended 3 Months Ended 9 Months Ended 9 Months Ended
Mar. 31, 2012
USD ($)
Mar. 31, 2012
EUR (�)
Mar. 31, 2012
Forward foreign currency contracts
USD ($)
Y
Jan. 31, 2010
Five-year interest rate contract entered in year 2010
Designated as Hedging Instrument
Mar. 31, 2012
Five-year interest rate contract entered in year 2010
Designated as Hedging Instrument
USD ($)
Dec. 31, 2009
Twelve-year interest rate contract entered in year 2009
Non Designated Hedge Instrument
Arabian Amines Company
Mar. 31, 2012
Twelve-year interest rate contract entered in year 2009
Non Designated Hedge Instrument
Arabian Amines Company
USD ($)
Mar. 31, 2012
Twelve-year interest rate contract entered in year 2009
Non Designated Hedge Instrument
Arabian Amines Company
Maximum
USD ($)
Dec. 31, 2009
Five-year interest rate contract entered in year 2009
Designated as Hedging Instrument
Mar. 31, 2012
Five-year interest rate contract entered in year 2009
Designated as Hedging Instrument
USD ($)
Dec. 31, 2009
Floating to fixed interest rate contract
Mar. 31, 2012
Floating to fixed interest rate contract
USD ($)
Mar. 31, 2012
Floating to fixed interest rate contract
EUR (�)
Mar. 31, 2012
Floating to fixed interest rate contract
Maximum
USD ($)
Mar. 31, 2012
Floating to fixed interest rate contract
Maximum
EUR (�)
Mar. 31, 2010
Cross Currency Interest Rate Contract
Designated as Hedging Instrument
USD ($)
Mar. 31, 2010
Cross Currency Interest Rate Contract
Designated as Hedging Instrument
EUR (�)
Mar. 31, 2012
Cross Currency Interest Rate Contract
Designated as Hedging Instrument
USD ($)
party
Mar. 31, 2012
Cross Currency Interest Rate Contract
Designated as Hedging Instrument
EUR (�)
party
Mar. 15, 2015
Cross Currency Interest Rate Contract
Designated as Hedging Instrument
USD ($)
Mar. 15, 2015
Cross Currency Interest Rate Contract
Designated as Hedging Instrument
EUR (�)
Mar. 31, 2012
Forward interest rate contract beginning in December, 2014 and January, 2015
USD ($)
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 Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Notional Amounts Ìý Ìý $ 226 Ìý $ 50 Ìý $ 38 Ìý Ìý $ 50 Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý $ 50 Ìý $ 50
Hedging period of interest rate contract (in years) Ìý Ìý Ìý 5 years Ìý 12 years Ìý Ìý 5 years Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Fixed percentage to be paid under the hedge Ìý Ìý Ìý Ìý 2.80% Ìý 5.02% Ìý Ìý 2.60% 3.62% Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 2.50% Ìý 2.50% Ìý
Variable rate basis Ìý Ìý Ìý Ìý one-month LIBOR Ìý Ìý Ìý Ìý one-month LIBOR EURIBOR Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý one-month LIBOR Ìý one-month LIBOR Ìý
Fair value of the hedge Ìý Ìý Ìý Ìý (3) Ìý (6) Ìý Ìý (3) Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý (1) Ìý Ìý Ìý Ìý
Strike price (as a percent) Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 3.62% Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Notional amount of hedge Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 67 51 Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Fair value of interest rate derivative not designated as hedging instrument recorded in other noncurrent liabilities Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 4 3 Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Additional (reduction of) interest expense due to changes in the fair value of the swap Ìý Ìý Ìý Ìý Ìý Ìý Ìý 1 Ìý Ìý Ìý Ìý Ìý (1) (1) Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Maximum maturity period of spot or forward exchange rate contracts (in years) Ìý Ìý 1 Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Stated rate of interest (as a percent) Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 8.625% 8.625% Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Number of counterparties Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 3 3 Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Amount paid to counterparties Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 350 Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Amount received from counterparties Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 255 Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Amount payable to counterparties on maturity of derivative contract Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 255 Ìý Ìý Ìý Ìý Ìý
Amount receivable from counterparties on maturity of derivative contract Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 350 Ìý Ìý Ìý Ìý Ìý Ìý
U.S. dollar interest payments to be received on March 15 and September 15 of each year Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 15 Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Equivalent annual rate of interest receivable (as a percent) Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 8.625% 8.625% Ìý Ìý Ìý Ìý Ìý Ìý Ìý
U.S. dollar interest payments to be made on March 15 and September 15 of each year Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 11 Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Equivalent annual rate of interest payable (as a percent) Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 8.41% 8.41% Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Fair value of the swap Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý 17 Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Euro-denominated debt and cross currency interest rate swap as a hedge of net investments 339 255 Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Amount of loss recognized on the hedge of net investments 13 Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Net euro assets $ 1,628 â‚� 1,223 Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý