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, 2024

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, 2024*						*December 31, 2023*
	*Gross carrying*		*Accumulated*				*Gross carrying*		*Accumulated*
	*amount*		*amortization*		*Net*		*amount*		*amortization*		*Net*
Patents, trademarks and technology	$	253	$	81	$	172	$	470	$	282	$	188
Licenses and other agreements		278		121		157		312		129		183
Other intangibles		37		22		15		52		36		16
Total	$	568	$	224	$	344	$	834	$	447	$	387

Huntsman International

	*December 31, 2024*						*December 31, 2023*
	*Gross carrying*		*Accumulated*				*Gross carrying*		*Accumulated*
	*amount*		*amortization*		*Net*		*amount*		*amortization*		*Net*
Patents, trademarks and technology	$	253	$	81	$	172	$	470	$	282	$	188
Licenses and other agreements		278		121		157		312		129		183
Other intangibles		37		22		15		60		44		16
Total	$	568	$	224	$	344	$	842	$	455	$	387

Amortization expense from continuing operations was $40 million for each of the years ended December 31, 2024, 2023 and 2022. Beginning in 2024, we removed the gross carrying amounts and related accumulated amortization of fully amortized finite-lived intangible assets, primarily related to historical acquisitions.

Estimated future amortization expense from continuing operations for intangible assets over the next five years is as follows (dollars in millions):

Year ending December 31,
2025	$	39
2026		35
2027		35
2028		32
2029		30