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, 2014

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, 2014						December 31, 2013
	Carrying Amount		Accumulated Amortization		Net		Carrying Amount		Accumulated Amortization		Net
Patents, trademarks and technology	$	371	$	328	$	43	$	384	$	339	$	45
Licenses and other agreements		37		19		18		52		19		33
Non-compete agreements		4		2		2		4		2		2
Other intangibles		87		55		32		62		55		7

Total	$	499	$	404	$	95	$	502	$	415	$	87

Amortization expense was $19 million, $21 million and $23 million for the years ended December 31, 2014, 2013 and 2012, respectively.

Huntsman International

	December 31, 2014						December 31, 2013
	Carrying Amount		Accumulated Amortization		Net		Carrying Amount		Accumulated Amortization		Net
Patents, trademarks and technology	$	371	$	328	$	43	$	384	$	339	$	45
Licenses and other agreements		37		19		18		52		19		33
Non-compete agreements		4		2		2		4		2		2
Other intangibles		94		61		33		70		62		8

Total	$	506	$	410	$	96	$	510	$	422	$	88

Amortization expense for Huntsman International was $19 million, $21 million and $23 million for the years ended December 31, 2014, 2013 and 2012, 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,
2015	$	9
2016		10
2017		10
2018		10
2019		9