XML 22 R52.htm IDEA: XBRL DOCUMENT v3.3.0.814
Guarantor Non-Guarantor Subsidiary Financial Information Level 4 (Details) - Consolidating Statement of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Net sales $ 1,065 $ 1,347 $ 3,231 $ 3,977
Cost of sales 905 1,188 2,753 3,487
Gross profit 160 159 478 490
Selling, general and administrative expense 71 82 229 269
Business realignment costs 3 6 11 24
Other operating expense (income), net 12 4 22 7
Operating income 74 67 216 190
Interest expense, net 84 77 245 230
Intercompany interest expense (income) 0 0 0 0
Gain on extinguishment of debt (14) 0 (14) 0
Other non-operating expense (income), net 0 18 (1) 23
Loss before income tax and earnings from unconsolidated entities 4 (28) (14) (63)
Income tax (benefit) expense 1 2 28 17
Loss before earnings from unconsolidated entities 3 (30) (42) (80)
(Losses) earnings from unconsolidated entities, net of taxes 4 4 13 14
Net loss 7 (26) (29) (66)
Comprehensive income (loss) (17) (66) (102) (107)
Hexion Inc. [Member]        
Net sales 433 597 1,341 1,770
Cost of sales 384 531 1,187 1,560
Gross profit 49 66 154 210
Selling, general and administrative expense 29 24 89 75
Business realignment costs 1 4 4 19
Other operating expense (income), net 5 1 9 4
Operating income 14 37 52 112
Interest expense, net 81 76 239 225
Intercompany interest expense (income) (20) (23) (60) (72)
Gain on extinguishment of debt (14)   (14)  
Other non-operating expense (income), net (1) 62 68 67
Loss before income tax and earnings from unconsolidated entities (32) (78) (181) (108)
Income tax (benefit) expense 1 (8) (1) (11)
Loss before earnings from unconsolidated entities (33) (70) (180) (97)
(Losses) earnings from unconsolidated entities, net of taxes 40 44 151 31
Net loss 7 (26) (29) (66)
Comprehensive income (loss) (17) (66) (102) (107)
Combined Subsidiary Guarantors [Member]        
Net sales 0 0 0 0
Cost of sales 0 0 0 0
Gross profit 0 0 0 0
Selling, general and administrative expense 0 0 0 0
Business realignment costs 0 0 0 0
Other operating expense (income), net 0 (1) 0 (1)
Operating income 0 1 0 1
Interest expense, net 0 0 0 $ 0
Intercompany interest expense (income) (1) 0 (1)
Gain on extinguishment of debt 0   0  
Other non-operating expense (income), net 0 0 0 $ 0
Loss before income tax and earnings from unconsolidated entities 1 1 1 1
Income tax (benefit) expense 0 0 0 0
Loss before earnings from unconsolidated entities 1 1 1 1
(Losses) earnings from unconsolidated entities, net of taxes 17 25 95 29
Net loss 18 26 96 30
Comprehensive income (loss) 17 27 96 31
Combined Non-Guarantor Subsidiaries [Member]        
Net sales 675 816 2,030 2,392
Cost of sales 564 723 1,706 2,112
Gross profit 111 93 324 280
Selling, general and administrative expense 42 58 140 194
Business realignment costs 2 2 7 5
Other operating expense (income), net 7 4 13 4
Operating income 60 29 164 77
Interest expense, net 3 1 6 5
Intercompany interest expense (income) 21 23 61 72
Gain on extinguishment of debt 0   0  
Other non-operating expense (income), net 1 (44) (69) (44)
Loss before income tax and earnings from unconsolidated entities 35 49 166 44
Income tax (benefit) expense 0 10 29 28
Loss before earnings from unconsolidated entities 35 39 137 16
(Losses) earnings from unconsolidated entities, net of taxes 0 2 0 4
Net loss 35 41 137 20
Comprehensive income (loss) 20 34 102 16
Eliminations [Member]        
Net sales (43) (66) (140) (185)
Cost of sales (43) (66) (140) (185)
Gross profit 0 0 0 0
Selling, general and administrative expense 0 0 0 0
Business realignment costs 0 0 0 0
Other operating expense (income), net 0 0 0 0
Operating income 0 0 0 0
Interest expense, net 0 0 0 0
Intercompany interest expense (income) 0 0 0 0
Gain on extinguishment of debt 0   0  
Other non-operating expense (income), net 0 0 0 0
Loss before income tax and earnings from unconsolidated entities 0 0 0 0
Income tax (benefit) expense 0 0 0 0
Loss before earnings from unconsolidated entities 0 0 0 0
(Losses) earnings from unconsolidated entities, net of taxes (53) (67) (233) (50)
Net loss (53) (67) (233) (50)
Comprehensive income (loss) $ (37) $ (61) $ (198) $ (47)