Annual report pursuant to Section 13 and 15(d)

PROPERTY, PLANT AND EQUIPMENT

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PROPERTY, PLANT AND EQUIPMENT
 12 Months Ended
Dec. 31, 2012
PROPERTY, PLANT AND EQUIPMENT  
PROPERTY, PLANT AND EQUIPMENT

5. PROPERTY, PLANT AND EQUIPMENT

        The cost and accumulated depreciation of property, plant and equipment were as follows (dollars in millions):

  • Huntsman Corporation

 
   December 31,  
 
   2012   2011  

Land

   $ 151   $ 148  

Buildings

     666     629  

Plant and equipment

     6,242     5,951  

Construction in progress

     549     330  
           

Total

     7,608     7,058  

Less accumulated depreciation

     (3,863 )   (3,436 )
           

Net

   $ 3,745   $ 3,622  
           

        Depreciation expense for 2012, 2011 and 2010 was $399 million, $398 million and $363 million, respectively, of which $5 million, nil and $1 million was related to discontinued operations in 2012, 2011 and 2010, respectively.

  • Huntsman International

 
   December 31,  
 
   2012   2011  

Land

   $ 151   $ 148  

Buildings

     666     629  

Plant and equipment

     6,270     6,058  

Construction in progress

     549     330  
           

Total

     7,636     7,165  

Less accumulated depreciation

     (3,980 )   (3,655 )
           

Net

   $ 3,656   $ 3,510  
           

        Depreciation expense for 2012, 2011 and 2010 was $375 million, $374 million and $340 million, respectively, of which $5 million, nil and $1 million was related to discontinued operations in 2012, 2011 and 2010, respectively.

        Property, plant and equipment includes gross assets acquired under capital leases of $1 million and $2 million, respectively, at December 31, 2012 and 2011 and related amounts included in accumulated depreciation were nil and $1 million at December 31, 2012 and 2011, respectively.