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

Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2016

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of estimated useful lives of intangible assets or life of the related agreement

Patents and technology			5 - 30 years
Trademarks			9 - 30 years
Licenses and other agreements			5 - 15 years
Other intangibles			5 - 15 years

Schedule of basic and diluted income per share

Basic and diluted income per share is determined using the following information (in millions):

		Year Ended December 31,
		2016			2015			2014
Numerator:
Basic and diluted income from continuing operations:
Income from continuing operations attributable to Huntsman Corporation		$	330		$	97		$	331


Basic and diluted net income:
Net income attributable to Huntsman Corporation		$	326		$	93		$	323


Shares (denominator):
Weighted average shares outstanding			236.3			242.8			242.1
Dilutive securities:
Stock-based awards			3.3			2.6			3.9

Total weighted average shares outstanding, including dilutive shares			239.6			245.4			246.0

Schedule of estimated useful lives or lease term of property, plant and equipment

Buildings and equipment			5 - 50 years
Plant and equipment			3 - 30 years
Furniture, fixtures and leasehold improvements			5 - 20 years