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, 2013

INTANGIBLE ASSETS

INTANGIBLE ASSETS

8. INTANGIBLE ASSETS

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

Huntsman Corporation

	December 31, 2013						December 31, 2012

	Carrying Amount		Accumulated Amortization		Net		Carrying Amount		Accumulated Amortization		Net
Patents, trademarks and technology	$	384	$	339	$	45	$	355	$	318	$	37
Licenses and other agreements		52		19		33		41		16		25
Non-compete agreements		4		2		2		2		2		—
Other intangibles		62		55		7		60		54		6

Total	$	502	$	415	$	87	$	458	$	390	$	68

Amortization expense was $21 million, $23 million and $29 million for the years ended December 31, 2013, 2012 and 2011, respectively.

Huntsman International

	December 31, 2013						December 31, 2012

	Carrying Amount		Accumulated Amortization		Net		Carrying Amount		Accumulated Amortization		Net
Patents, trademarks and technology	$	384	$	339	$	45	$	355	$	318	$	37
Licenses and other agreements		52		19		33		41		16		25
Non-compete agreements		4		2		2		2		2		—
Other intangibles		70		62		8		68		60		8

Total	$	510	$	422	$	88	$	466	$	396	$	70

Amortization expense for Huntsman International was $21 million, $23 million and $30 million for the years ended December 31, 2013, 2012 and 2011, 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,

2014	$	15
2015		8
2016		8
2017		7
2018		6