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

Annual report pursuant to Section 13 and 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
Notes Tables
Notes Details

INTANGIBLE ASSETS (Tables)

v3.3.1.900

INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2015

Intangible Assets

Schedule of gross carrying amount and accumulated amortization of intangible assets

The gross carrying amount and accumulated amortization of intangible assets were as follows (dollars in millions):

	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

Schedule of estimated future amortization expense for intangible assets

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

Huntsman International

Intangible Assets

Schedule of gross carrying amount and accumulated amortization of intangible assets

The gross carrying amount and accumulated amortization of intangible assets were as follows (dollars in millions):

	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

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Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
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