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, 2012

INTANGIBLE ASSETS

INTANGIBLE ASSETS

8. INTANGIBLE ASSETS

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

Huntsman Corporation

	December 31, 2012						December 31, 2011

	Carrying Amount		Accumulated Amortization		Net		Carrying Amount		Accumulated Amortization		Net
Patents, trademarks and technology	$	355	$	318	$	37	$	363	$	307	$	56
Licenses and other agreements		41		16		25		39		14		25
Non-compete agreements		2		2		—		2		2		—
Other intangibles		60		54		6		40		30		10

Total	$	458	$	390	$	68	$	444	$	353	$	91

Amortization expense was $23 million, $29 million and $30 million for the years ended December 31, 2012, 2011 and 2010, respectively.

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

Year ending December 31

2013	$	21
2014		13
2015		5
2016		5
2017		4

Huntsman International

	December 31, 2012						December 31, 2011

	Carrying Amount		Accumulated Amortization		Net		Carrying Amount		Accumulated Amortization		Net
Patents, trademarks and technology	$	355	$	318	$	37	$	363	$	307	$	56
Licenses and other agreements		41		16		25		39		14		25
Non-compete agreements		2		2		—		2		2		—
Other intangibles		68		60		8		48		36		12

Total	$	466	$	396	$	70	$	452	$	359	$	93

Amortization expense for Huntsman International was $23 million, $30 million and $30 million for the years ended December 31, 2012, 2011 and 2010, respectively.

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

2013	$	21
2014		13
2015		5
2016		5
2017		4

- Definition

The entire disclosure for all or part of the information related to intangible assets.

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