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, 2017

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,
					2017			2016			2015
Numerator:
Basic and diluted income from continuing operations:
Income from continuing operations attributable to Huntsman Corporation					$	478		$	334		$	395
Basic and diluted net income:
Net income attributable to Huntsman Corporation					$	636		$	326		$	93
Denominator:
Weighted average shares outstanding						238.4			236.3			242.8
Dilutive shares:
Stock-based awards						5.5			3.3			2.6
Total weighted average shares outstanding, including dilutive shares						243.9			239.6			245.4

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