Huntsman Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

INVESTMENT IN UNCONSOLIDATED AFFILIATES (Tables)

INVESTMENT IN UNCONSOLIDATED AFFILIATES (Tables)

12 Months Ended

Dec. 31, 2011

INVESTMENT IN UNCONSOLIDATED AFFILIATES

Schedule of ownership percentage and investment in unconsolidated affiliates

		December 31,

		2011			2010
Equity Method:
Sasol-Huntsman GmbH and Co. KG (50%)(1)		$	—		$	44
Louisiana Pigment Company, L.P. (50%)			90			98
BASF Huntsman Shanghai Isocyanate Investment BV (50%)(2)			79			65
International Polyurethanes Investments B.V. (45%)			17			16
Jurong Ningwu New Materials Development Co., Ltd. (30%)			10			5
Others			1			1

Total equity method investments			197			229
Cost Method:
International Diol Company (4.35%)			5			5

Total investments		$	202		$	234

(1): We began consolidating Sasol-Huntsman as of April 1, 2011. See "Note 7. Variable Interest Entities."
(2): We own 50% of BASF Huntsman Shanghai Isocyanate Investment BV. BASF Huntsman Shanghai Isocyanate Investment BV owns a 70% interest in SLIC, thus giving us an indirect 35% interest in SLIC.

Sasol Huntsman GmbH and Co. KG

Investment in unconsolidated affiliates

Summarized applicable financial information of unconsolidated affiliates

		2011			2010			2009

Current assets		$	—		$	55
Noncurrent assets			—			123
Current liabilities			—			22
Noncurrent liabilities			—			83
Revenues			40	(1)		108		$	68
Gross profit			7	(1)		14			9
Net income			(2	)(1)		10			3

(1): Represents activity for the period from January 1, 2011 to the date of consolidation on April 1, 2011.

Others

Investment in unconsolidated affiliates

Summarized applicable financial information of unconsolidated affiliates

		2011			2010			2009

Assets		$	621		$	722
Liabilities			285			306
Revenues			954			936		$	593
Net income			22			10			3