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, 2015

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,
	2015			2014
Land	$	208		$	227
Buildings		793			799
Plant and equipment		6,981			6,889
Construction in progress		935			869

Total		8,917			8,784
Less accumulated depreciation		(4,471	)		(4,361	)

Net	$	4,446		$	4,423

Depreciation expense for 2015, 2014 and 2013 was $377 million, $413 million and $415 million, respectively, of which nil, nil and $2 million was related to discontinued operations in 2015, 2014 and 2013, respectively.

Huntsman International

	December 31,
	2015			2014
Land	$	208		$	227
Buildings		793			799
Plant and equipment		7,009			6,918
Construction in progress		935			869

Total		8,945			8,813
Less accumulated depreciation		(4,535	)		(4,438	)

Net	$	4,410		$	4,375

Depreciation expense for 2015, 2014 and 2013 was $365 million, $398 million and $391 million, respectively, of which nil, nil and $2 million was related to discontinued operations in 2015, 2014 and 2013, respectively.