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, 2016

INTANGIBLE ASSETS

INTANGIBLE ASSETS

9. INTANGIBLE ASSETS

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

Huntsman Corporation

	December 31, 2016						December 31, 2015
	Carrying Amount		Accumulated Amortization		Net		Carrying Amount		Accumulated Amortization		Net
Patents, trademarks and technology	$	368	$	329	$	39	$	369	$	327	$	42
Licenses and other agreements		37		23		14		38		22		16
Non-compete agreements		3		2		1		3		2		1
Other intangibles		76		64		12		82		55		27

Total	$	484	$	418	$	66	$	492	$	406	$	86

Amortization expense was $15 million, $8 million and $19 million for the years ended December 31, 2016, 2015 and 2014, respectively.

Huntsman International

	December 31, 2016						December 31, 2015
	Carrying Amount		Accumulated Amortization		Net		Carrying Amount		Accumulated Amortization		Net
Patents, trademarks and technology	$	368	$	329	$	39	$	369	$	327	$	42
Licenses and other agreements		37		23		14		38		22		16
Non-compete agreements		3		2		1		3		2		1
Other intangibles		83		71		12		89		62		27

Total	$	491	$	425	$	66	$	499	$	413	$	86

Amortization expense was $15 million, $8 million and $19 million for the years ended December 31, 2016, 2015 and 2014, 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,
2017	$	9
2018		9
2019		9
2020		9
2021		8