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

Note 10 - Intangible Assets

Note 10 - Intangible Assets

12 Months Ended

Dec. 31, 2023

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, 2023*						*December 31, 2022*
	*Carrying*		*Accumulated*				*Carrying*		*Accumulated*
	*amount*		*amortization*		*Net*		*amount*		*amortization*		*Net*
Patents, trademarks and technology	$	470	$	282	$	188	$	468	$	267	$	201
Licenses and other agreements		312		129		183		311		106		205
Other intangibles		52		36		16		51		32		19
Total	$	834	$	447	$	387	$	830	$	405	$	425

Huntsman International

	*December 31, 2023*						*December 31, 2022*
	*Carrying*		*Accumulated*				*Carrying*		*Accumulated*
	*amount*		*amortization*		*Net*		*amount*		*amortization*		*Net*
Patents, trademarks and technology	$	470	$	282	$	188	$	468	$	267	$	201
Licenses and other agreements		312		129		183		311		106		205
Other intangibles		60		44		16		59		40		19
Total	$	842	$	455	$	387	$	838	$	413	$	425

Amortization expense from continuing operations was $40 million for each of the years ended December 31, 2023, 2022 and 2021.

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,
2024	$	40
2025		40
2026		40
2027		39
2028		39