Condensed Consolidated Balance Sheets (USD $) In Millions, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Current assets
Cash and cash equivalents (including restricted cash of $16 and $14, respectively)	$ 167	$ 172
Short-term investments	2	7
Accounts receivable (net of allowance for doubtful accounts of $16)	601	591
Inventories:
Finished and in-process goods	283	290
Raw materials and supplies	102	110
Other current assets	62	73
Total current assets	1,217	1,243
Investment in unconsolidated entities	42	48
Deferred income taxes	15	18
Other assets, net	104	110
Property and equipment
Land	85	89
Buildings	288	302
Machinery and equipment	2,318	2,419
Property, plant and equipment, gross	2,691	2,810
Less accumulated depreciation	(1,685)	(1,755)
Property, plant and equipment, net	1,006	1,055
Goodwill	114	119
Other intangible assets, net	75	81
Total assets	2,573	2,674
Current liabilities
Accounts and drafts payable	430	426
Debt payable within one year	93	99
Interest payable	90	82
Income taxes payable	29	12
Accrued payroll and incentive compensation	80	67
Other current liabilities	121	135
Total current liabilities	843	821
Long-term liabilities
Long-term debt	3,735	3,735
Long-term pension and post employment benefit obligations	253	278
Deferred income taxes	17	19
Other long-term liabilities	171	171
Total liabilities	5,019	5,024
Deficit
Common stock—$0.01 par value; 300,000,000 shares authorized, 170,605,906 issued and 82,556,847 outstanding at June 30, 2014 and December 31, 2013	1	1
Paid-in capital	526	526
Treasury stock, at cost—88,049,059 shares	(296)	(296)
Accumulated other comprehensive income	11	73
Accumulated deficit	(2,686)	(2,652)
Total Momentive Specialty Chemicals Inc. shareholder’s deficit	(2,444)	(2,348)
Noncontrolling interest	(2)	(2)
Total deficit	(2,446)	(2,350)
Total liabilities and deficit	$ 2,573	$ 2,674