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, 2018

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, 2018						December 31, 2017
	Carrying		Accumulated				Carrying		Accumulated
	Amount		Amortization		Net		Amount		Amortization		Net
Patents, trademarks and technology	$	424	$	333	$	91	$	350	$	332	$	18
Licenses and other agreements		135		31		104		40		25		15
Non-compete agreements		3		2		1		4		2		2
Other intangibles		83		60		23		82		61		21
Total	$	645	$	426	$	219	$	476	$	420	$	56

Amortization expense was $11 million, $6 million and $12 million for the years ended December 31, 2018, 2017 and 2016, respectively.

Huntsman International


	December 31, 2018						December 31, 2017
	Carrying		Accumulated				Carrying		Accumulated
	Amount		Amortization		Net		Amount		Amortization		Net
Patents, trademarks and technology	$	424	$	333	$	91	$	350	$	332	$	18
Licenses and other agreements		135		31		104		40		25		15
Non-compete agreements		3		2		1		4		2		2
Other intangibles		91		68		23		90		69		21
Total	$	653	$	434	$	219	$	484	$	428	$	56

Amortization expense was $11 million, $7 million and $12 million for the years ended December 31, 2018, 2017 and 2016, 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,
2019	$	19
2020		17
2021		16
2022		16
2023		16