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

Annual report pursuant to Section 13 and 15(d)

Note 6 - Property, Plant and Equipment

Note 6 - Property, Plant and Equipment

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

6. PROPERTY, PLANT AND EQUIPMENT

The cost and accumulated depreciation of property, plant and equipment were as follows (dollars in millions):

Huntsman Corporation

	*December 31,*
	*2021*			*2020*
Land	$	99		$	97
Buildings		628			540
Plant and equipment		5,118			5,039
Construction in progress		465			357
Total		6,310			6,033
Less accumulated depreciation		(3,734	)		(3,528	)
Net	$	2,576		$	2,505

Huntsman International

	*December 31,*
	*2021*			*2020*
Land	$	99		$	97
Buildings		628			540
Plant and equipment		5,206			5,127
Construction in progress		465			357
Total		6,398			6,121
Less accumulated depreciation		(3,822	)		(3,616	)
Net	$	2,576		$	2,505

Depreciation expense for Huntsman Corporation and Huntsman International for 2021, 2020 and 2019 was $249 million, $242 million and $245 million, respectively.