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

Annual report pursuant to Section 13 and 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
Notes Tables
Notes Details

INTANGIBLE ASSETS (Tables)

v3.8.0.1

INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2017

INTANGIBLE ASSETS

Schedule of gross carrying amount and accumulated amortization of intangible assets

The gross carrying amount and accumulated amortization of intangible assets were as follows (dollars in millions):

Huntsman Corporation


	December 31, 2017						December 31, 2016
	Carrying		Accumulated				Carrying		Accumulated
	Amount		Amortization		Net		Amount		Amortization		Net
Patents, trademarks and technology	$	350	$	332	$	18	$	349	$	327	$	22
Licenses and other agreements		40		25		15		37		23		14
Non-compete agreements		4		2		2		3		2		1
Other intangibles		82		61		21		62		56		6
Total	$	476	$	420	$	56	$	451	$	408	$	43

Schedule of estimated future amortization expense for intangible assets

Our and Huntsman International’s estimated future amortization expense for intangible assets over the next five years is as follows (dollars in millions):


Year ending December 31,
2018	$	6
2019		6
2020		6
2021		5
2022		4

HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES

INTANGIBLE ASSETS

Schedule of gross carrying amount and accumulated amortization of intangible assets


	December 31, 2017						December 31, 2016
	Carrying		Accumulated				Carrying		Accumulated
	Amount		Amortization		Net		Amount		Amortization		Net
Patents, trademarks and technology	$	350	$	332	$	18	$	349	$	327	$	22
Licenses and other agreements		40		25		15		37		23		14
Non-compete agreements		4		2		2		3		2		1
Other intangibles		90		69		21		70		64		6
Total	$	484	$	428	$	56	$	459	$	416	$	43

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Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
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