Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS

v3.8.0.1
INTANGIBLE ASSETS
12 Months Ended
Dec. 31, 2017
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, 2017

 

December 31, 2016

 

    

Carrying

    

Accumulated

    

 

    

Carrying

    

Accumulated

    

 

 

 

Amount

 

Amortization

 

Net

 

Amount

 

Amortization

 

Net

Patents, trademarks and technology

 

$

350

 

$

332

 

$

18

 

$

349

 

$

327

 

$

22

Licenses and other agreements

 

 

40

 

 

25

 

 

15

 

 

37

 

 

23

 

 

14

Non-compete agreements

 

 

 4

 

 

 2

 

 

 2

 

 

 3

 

 

 2

 

 

 1

Other intangibles

 

 

82

 

 

61

 

 

21

 

 

62

 

 

56

 

 

 6

Total

 

$

476

 

$

420

 

$

56

 

$

451

 

$

408

 

$

43

 

Amortization expense was $6 million, $12 million and $6 million for the years ended December 31, 2017, 2016 and 2015, respectively.

Huntsman International

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2017

 

December 31, 2016

 

    

Carrying

    

Accumulated

    

 

    

Carrying

    

Accumulated

    

 

 

 

Amount

 

Amortization

 

Net

 

Amount

 

Amortization

 

Net

Patents, trademarks and technology

 

$

350

 

$

332

 

$

18

 

$

349

 

$

327

 

$

22

Licenses and other agreements

 

 

40

 

 

25

 

 

15

 

 

37

 

 

23

 

 

14

Non-compete agreements

 

 

 4

 

 

 2

 

 

 2

 

 

 3

 

 

 2

 

 

 1

Other intangibles

 

 

90

 

 

69

 

 

21

 

 

70

 

 

64

 

 

 6

Total

 

$

484

 

$

428

 

$

56

 

$

459

 

$

416

 

$

43

 

Amortization expense was $7 million, $12 million and $6 million for the years ended December 31, 2017, 2016 and 2015, 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,

    

 

    

2018

 

$

6

2019

 

 

6

2020

 

 

6

2021

 

 

5

2022

 

 

4