Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of estimated useful lives of intangible assets

 

 

Patents and technology

   5 - 30 years

Trademarks

   15 - 30 years

Licenses and other agreements

   5 - 15 years

Other intangibles

   5 - 15 years
Schedule of calculation of basic and diluted income per share

        Basic and diluted income per share is determined using the following information (in millions):

 
   2013   2012   2011  

Numerator:

                    

Basic and diluted income from continuing operations:

                    

Income from continuing operations attributable to Huntsman Corporation

   $ 133   $ 368   $ 244  
               
               

Basic and diluted net income:

                    

Net income attributable to Huntsman Corporation

   $ 128   $ 363   $ 247  
               
               

Shares (denominator):

                    

Weighted average shares outstanding

     239.7     237.6     237.6  

Dilutive securities:

                    

Stock-based awards

     2.7     3.0     4.1  
               

Total weighted average shares outstanding, including dilutive shares

     242.4     240.6     241.7  
               
               
Schedule of estimated useful lives or lease term of property, plant and equipment

 

 

Buildings and equipment

   5 - 50 years

Plant and equipment

   3 - 30 years

Furniture, fixtures and leasehold improvements

   5 - 20 years