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, 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