Huntsman Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details)

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details) In Millions, unless otherwise specified	3 Months Ended	9 Months Ended					1 Months Ended	9 Months Ended	1 Months Ended	9 Months Ended		9 Months Ended		9 Months Ended		3 Months Ended		9 Months Ended	1 Months Ended		3 Months Ended	9 Months Ended
	Sep. 30, 2011 USD ($)	Sep. 30, 2011 USD ($) Segments Years Positions Sites Statements Extensions Companies MetricTonnes Amounts Days	Sep. 30, 2011 EUR (€)	Sep. 30, 2011 Forward foreign currency contracts USD ($)	Sep. 30, 2011 Sasol Huntsman GmbH and Co. KG Interest rate contract Non Designated Hedge Instrument USD ($)	Sep. 30, 2011 Sasol Huntsman GmbH and Co. KG Interest rate contract Non Designated Hedge Instrument EUR (€)	Dec. 31, 2009 Five-year interest rate contract entered in year 2009 Designated as Hedging Instrument	Sep. 30, 2011 Five-year interest rate contract entered in year 2009 Designated as Hedging Instrument USD ($)	Jan. 31, 2010 Five-year interest rate contract entered in year 2010 Designated as Hedging Instrument	Sep. 30, 2011 Five-year interest rate contract entered in year 2010 Designated as Hedging Instrument USD ($)	Sep. 30, 2011 Forward interest rate contract beginning in December, 2014 and January, 2015 USD ($)	Sep. 30, 2011 Forward interest rate contract beginning in December, 2014	Sep. 01, 2011 Forward interest rate contract beginning in December, 2014 USD ($)	Sep. 30, 2011 Forward interest rate contract beginning in January, 2015	Sep. 01, 2011 Forward interest rate contract beginning in January, 2015 USD ($)	Sep. 30, 2011 Arabian Amines Company Twelve-year interest rate contract entered in year 2009 Non Designated Hedge Instrument USD ($)	Mar. 31, 2009 Arabian Amines Company Twelve-year interest rate contract entered in year 2009 Non Designated Hedge Instrument	Sep. 30, 2011 Arabian Amines Company Twelve-year interest rate contract entered in year 2009 Non Designated Hedge Instrument USD ($)	Mar. 31, 2010 Cross Currency Interest Rate Contract Designated as Hedging Instrument USD ($)	Mar. 31, 2010 Cross Currency Interest Rate Contract Designated as Hedging Instrument EUR (€)	Sep. 30, 2011 Cross Currency Interest Rate Contract Designated as Hedging Instrument USD ($)	Sep. 30, 2011 Cross Currency Interest Rate Contract Designated as Hedging Instrument USD ($) Counterparties	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 (€)	Sep. 30, 2011 Cross Currency Interest Rate Contract Designated as Hedging Instrument EUR (€)
Derivative Instruments and Hedging Activities
Maximum maturity period of spot or forward exchange rate contracts (in years)		1
Notional Amounts				$ 275	$ 74	€ 54		$ 50		$ 50			$ 50		$ 50	$ 40		$ 40
Hedging period of interest rate contract (in years)							5Y		5Y								12Y
Fixed percentage to be paid under the hedge (as a percent)					3.62%	3.62%		2.60%		2.80%		2.50%		2.50%		5.02%		5.02%
Strike price (as a percent)					3.62%	3.62%
Interest rate to be received under the hedge								one-month LIBOR rate		one-month LIBOR rate		one-month LIBOR rate		one-month LIBOR rate
Fair value of the hedge					2	1		3		3	1					6		6			19	19
Interest expense recorded from derivative transactions																2		2
Issuance of debt																						350
Stated rate of interest (as a percent)																					8.625%	8.625%
Number of counterparties																						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	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%
Effective portion of the changes in the fair value																					24	0
Euro-denominated debt and cross currency interest rate swap as a hedge of net investments	414	414	304
Amount of loss recognized on the hedge of net investments	(28)	7
Net euro assets	$ 1,543	$ 1,543	€ 1,133