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

Annual report pursuant to Section 13 and 15(d)

Note 10 - Intangible Assets

Note 10 - Intangible Assets

12 Months Ended

Dec. 31, 2022

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

10. INTANGIBLE ASSETS

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

Huntsman Corporation

	*December 31, 2022*						*December 31, 2021*
	*Carrying*		*Accumulated*				*Carrying*		*Accumulated*
	*amount*		*amortization*		*Net*		*amount*		*amortization*		*Net*
Patents, trademarks and technology	$	468	$	267	$	201	$	471	$	253	$	218
Licenses and other agreements		311		106		205		321		85		236
Other intangibles		51		32		19		47		32		15
Total	$	830	$	405	$	425	$	839	$	370	$	469

Huntsman International

	*December 31, 2022*						*December 31, 2021*
	*Carrying*		*Accumulated*				*Carrying*		*Accumulated*
	*amount*		*amortization*		*Net*		*amount*		*amortization*		*Net*
Patents, trademarks and technology	$	468	$	267	$	201	$	471	$	253	$	218
Licenses and other agreements		311		106		205		321		85		236
Other intangibles		59		40		19		55		40		15
Total	$	838	$	413	$	425	$	847	$	378	$	469

Amortization expense from continuing operations for Huntsman Corporation and Huntsman International was $40 million, $40 million and $33 million for the years ended December 31, 2022, 2021 and 2020, respectively.

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

Year ending December 31,
2023	$	40
2024		40
2025		40
2026		39
2027		35