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

Annual report pursuant to Section 13 and 15(d)

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Dec. 31, 2014

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT

5. PROPERTY, PLANT AND EQUIPMENT

The cost and accumulated depreciation of property, plant and equipment were as follows (dollars in millions):

Huntsman Corporation

	December 31,
	2014			2013
Land	$	227		$	159
Buildings		799			730
Plant and equipment		6,889			6,589
Construction in progress		869			613

Total		8,784			8,091
Less accumulated depreciation		(4,361	)		(4,267	)

Net	$	4,423		$	3,824

Depreciation expense for 2014, 2013 and 2012 was $413 million, $415 million and $399 million, respectively, of which nil, $2 million and $5 million was related to discontinued operations in 2014, 2013 and 2012, respectively.

Huntsman International

	December 31,
	2014			2013
Land	$	227		$	159
Buildings		799			730
Plant and equipment		6,918			6,617
Construction in progress		869			613

Total		8,813			8,119
Less accumulated depreciation		(4,438	)		(4,360	)

Net	$	4,375		$	3,759

Depreciation expense for 2014, 2013 and 2012 was $398 million, $391 million and $375 million, respectively, of which nil, $2 million and $5 million was related to discontinued operations in 2014, 2013 and 2012, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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