Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.10.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2018
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of estimated useful lives of intangible assets or life of the related agreement

 

 

Patents and technology

5 ‑ 30 years

Trademarks

9 ‑ 30 years

Licenses and other agreements

5 ‑ 15 years

Other intangibles

5 ‑ 15 years

 

Summary of changes in the carrying amount of goodwill

The following table summarizes the changes in the carrying amount of goodwill for year ended December 31, 2018 (dollars in millions):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Performance

 

Advanced

 

 

 

    

Polyurethanes

    

Products

    

Materials

    

Total

Balance as of January 1, 2018

 

$

40

 

$

17

 

$

83

 

$

140

Goodwill acquired during year(1)

 

 

142

 

 

 —

 

 

 —

 

 

142

Foreign currency effect on balance

 

 

(9)

 

 

(1)

 

 

 3

 

 

(7)

Balance as of December 31, 2018

 

$

173

 

$

16

 

$

86

 

$

275

(1)

This reflects net amounts, including adjustments related to preliminary valuations of acquisition assets and liabilities.
Schedule of basic and diluted income per share

Basic and diluted income per share is determined using the following information (in millions):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 

 

    

 

2018

    

2017

    

2016

Numerator:

 

 

 

 

 

 

 

 

 

 

Basic and diluted income from continuing operations:

 

 

 

 

 

 

 

 

 

 

Income from continuing operations attributable to Huntsman Corporation

 

 

$

764

 

$

478

 

$

334

Basic and diluted net income:

 

 

 

 

 

 

 

 

 

 

Net income attributable to Huntsman Corporation

 

 

$

337

 

$

636

 

$

326

Denominator:

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

 

238.1

 

 

238.4

 

 

236.3

Dilutive shares:

 

 

 

 

 

 

 

 

 

 

Stock-based awards

 

 

 

3.5

 

 

5.5

 

 

3.3

Total weighted average shares outstanding, including dilutive shares

 

 

 

241.6

 

 

243.9

 

 

239.6

 

Schedule of estimated useful lives or lease term of property, plant and equipment

 

 

Buildings and equipment

5 ‑ 50 years

Plant and equipment

3 ‑ 30 years

Furniture, fixtures and leasehold improvements

5 ‑ 20 years