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

Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS

INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2019

INTANGIBLE ASSETS

INTANGIBLE ASSETS

10. INTANGIBLE ASSETS

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

Huntsman Corporation


	December 31, 2019						December 31, 2018
	Carrying		Accumulated				Carrying		Accumulated
	Amount		Amortization		Net		Amount		Amortization		Net
Patents, trademarks and technology	$	314	$	230	$	84	$	293	$	209	$	84
Licenses and other agreements		140		48		92		134		29		105
Non-compete agreements		3		2		1		3		2		1
Other intangibles		61		41		20		64		41		23
Total	$	518	$	321	$	197	$	494	$	281	$	213

Amortization expense was $16 million, $6 million and $3 million for the years ended December 31, 2019, 2018 and 2017, respectively.

Huntsman International


	December 31, 2019						December 31, 2018
	Carrying		Accumulated				Carrying		Accumulated
	Amount		Amortization		Net		Amount		Amortization		Net
Patents, trademarks and technology	$	314	$	230	$	84	$	293	$	209	$	84
Licenses and other agreements		140		48		92		134		29		105
Non-compete agreements		3		2		1		3		2		1
Other intangibles		70		50		20		72		49		23
Total	$	527	$	330	$	197	$	502	$	289	$	213

Amortization expense was $16 million, $6 million and $4 million for the years ended December 31, 2019, 2018 and 2017, respectively.

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,
2020	$	16
2021		15
2022		15
2023		15
2024		15