Huntsman Corporation Registration of securities issued in business combination transactions

ASSET RETIREMENT OBLIGATIONS (Tables)

12 Months Ended

Dec. 31, 2015

The following table describes changes to our asset retirement obligation liabilities (dollars in millions):

	December 31,
	2015			2014
Asset retirement obligations at beginning of year	$	26		$	29
Accretion expense		3			2
Liabilities incurred		—			—
Liabilities assumed in connection with the Rockwood Acquisition		30			—
Liabilities settled		(1	)		(2	)
Foreign currency effect on reserve balance		(6	)		(3	)

Asset retirement obligations at end of year	$	52		$	26