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, 2015

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, 2015						December 31, 2014
	Carrying Amount		Accumulated Amortization		Net		Carrying Amount		Accumulated Amortization		Net
Patents, trademarks and technology	$	369	$	327	$	42	$	371	$	328	$	43
Licenses and other agreements		38		22		16		37		19		18
Non-compete agreements		3		2		1		4		2		2
Other intangibles		82		55		27		87		55		32

Total	$	492	$	406	$	86	$	499	$	404	$	95

Amortization expense was $8 million, $19 million and $21 million for the years ended December 31, 2015, 2014 and 2013, respectively.

Huntsman International

	December 31, 2015						December 31, 2014
	Carrying Amount		Accumulated Amortization		Net		Carrying Amount		Accumulated Amortization		Net
Patents, trademarks and technology	$	369	$	327	$	42	$	371	$	328	$	43
Licenses and other agreements		38		22		16		37		19		18
Non-compete agreements		3		2		1		4		2		2
Other intangibles		89		62		27		94		61		33

Total	$	499	$	413	$	86	$	506	$	410	$	96

Amortization expense was $8 million, $19 million and $21 million for the years ended December 31, 2015, 2014 and 2013, 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,
2016	$	12
2017		9
2018		9
2019		9
2020		9