Huntsman Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Note 10 - Intangible Assets

Note 10 - Intangible Assets

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

10. INTANGIBLE ASSETS

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

Huntsman Corporation

	*December 31, 2021*						*December 31, 2020*
	*Carrying*		*Accumulated*				*Carrying*		*Accumulated*
	*Amount*		*Amortization*		*Net*		*Amount*		*Amortization*		*Net*
Patents, trademarks and technology	$	471	$	254	$	217	$	316	$	237	$	79
Licenses and other agreements		322		86		236		143		63		80
Other intangibles(1)		67		51		16		349		55		294
Total	$	860	$	391	$	469	$	808	$	355	$	453

Huntsman International

	*December 31, 2021*						*December 31, 2020*
	*Carrying*		*Accumulated*				*Carrying*		*Accumulated*
	*Amount*		*Amortization*		*Net*		*Amount*		*Amortization*		*Net*
Patents, trademarks and technology	$	471	$	254	$	217	$	316	$	237	$	79
Licenses and other agreements		322		86		236		143		63		80
Other intangibles(1)		75		59		16		357		63		294
Total	$	868	$	399	$	469	$	816	$	363	$	453

(1)

Includes provisional intangible asset fair values related to the CVC Thermoset Specialties Acquisition and the Icynene-Lapolla Acquisition for the 2020 period. For more information, see “Note 3. Business Combinations and Acquisitions."

Amortization expense for Huntsman Corporation and Huntsman International was $40 million, $33 million and $16 million for the years ended December 31, 2021, 2020 and 2019, 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,
2022	$	41
2023		41
2024		41
2025		40
2026		36