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, 2011

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, 2011						December 31, 2010

	Carrying Amount		Accumulated Amortization		Net		Carrying Amount		Accumulated Amortization		Net
Patents, trademarks and technology	$	363	$	307	$	56	$	363	$	286	$	77
Licenses and other agreements		39		14		25		25		12		13
Non-compete agreements		2		2		—		2		2		—
Other intangibles		40		30		10		69		54		15

Total	$	444	$	353	$	91	$	459	$	354	$	105

Amortization expense was $29 million, $30 million and $34 million for the years ended December 31, 2011, 2010 and 2009, respectively.

Estimated future amortization expense for intangible assets over the next five years is as follows (dollars in millions):

Year ending December 31

2012	$	24
2013		20
2014		13
2015		5
2016		4

Huntsman International

	December 31, 2011						December 31, 2010

	Carrying Amount		Accumulated Amortization		Net		Carrying Amount		Accumulated Amortization		Net
Patents, trademarks and technology	$	363	$	307	$	56	$	363	$	286	$	77
Licenses and other agreements		39		14		25		25		12		13
Non-compete agreements		2		2		—		2		2		—
Other intangibles		48		36		12		77		60		17

Total	$	452	$	359	$	93	$	467	$	360	$	107

Amortization expense for Huntsman International was $30 million, $30 million and $35 million for the years ended December 31, 2011, 2010 and 2009, respectively.

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

2012	$	24
2013		20
2014		13
2015		5
2016		4

- Definition

The entire disclosure for all or part of the information related to intangible assets.

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