Discontinued Operations

3 Months Ended

Mar. 31, 2012

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Discontinued Operations, [Text Block]

Discontinued Operations

North American Coatings and Composites Resins Business

On May 31, 2011, the Company sold its North American coatings and composites resins business (“CCR Business”) to PCCR USA, Inc. (“PCCR”), a subsidiary of Investindustrial, a European investment group. The CCR Business is engaged in the production of coating resins for architectural and original equipment manufacturers, alkyd resins, as well as composite resins for construction, transportation, consumer goods, marine and other applications and includes four manufacturing facilities in the United States.

For the three months ended March 31, 2011, the CCR Business had net sales of $65 and pre-tax income of $0. The CCR Business is reported as a discontinued operation for all periods presented.

Global Inks and Adhesive Resins Business

On January 31, 2011, the Company sold its global inks and adhesive resins business (“IAR Business”) to Harima Chemicals Inc. The IAR Business had net sales for the three months ended March 31, 2011 of $31 and pretax income of $6. The IAR Business is reported as a discontinued operation for all periods presented.