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

Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2014

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of estimated useful lives of intangible assets

Patents and technology		5 - 30 years
Trademarks		13 - 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):

		Year Ended December 31,
		2014			2013			2012
Numerator:
Basic and diluted income from continuing operations:
Income from continuing operations attributable to Huntsman Corporation		$	331		$	133		$	368


Basic and diluted net income:
Net income attributable to Huntsman Corporation		$	323		$	128		$	363


Shares (denominator):
Weighted average shares outstanding			242.1			239.7			237.6
Dilutive securities:
Stock-based awards			3.9			2.7			3.0

Total weighted average shares outstanding, including dilutive shares			246.0			242.4			240.6

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