Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.3.1.900
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2015
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of estimated useful lives of intangible assets

                                                                                                                                                                                    

 

Patents and technology

 

5 - 30 years

Trademarks

 

9 - 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,

 

 

 

2015

 

2014

 

2013

 

Numerator:

 

 

 

 

 

 

 

 

 

 

Basic and diluted income from continuing operations:

 

 

 

 

 

 

 

 

 

 

Income from continuing operations attributable to Huntsman Corporation

 

$

97 

 

$

331 

 

$

133 

 

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Basic and diluted net income:

 

 

 

 

 

 

 

 

 

 

Net income attributable to Huntsman Corporation

 

$

93 

 

$

323 

 

$

128 

 

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Shares (denominator):

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

242.8 

 

 

242.1 

 

 

239.7 

 

Dilutive securities:

 

 

 

 

 

 

 

 

 

 

Stock-based awards

 

 

2.6 

 

 

3.9 

 

 

2.7 

 

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Total weighted average shares outstanding, including dilutive shares

 

 

245.4 

 

 

246.0 

 

 

242.4 

 

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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