Restructuring (Notes)

3 Months Ended

Mar. 31, 2016

Restructuring and Related Activities [Abstract]

Restructuring and Related Activities Disclosure [Text Block]

Restructuring and Cost Reduction Programs

In 2014, in response to an uncertain economic outlook, the Company initiated significant restructuring and cost reduction programs with the intent to optimize its cost structure and bring manufacturing capacity in line with demand. The Company estimates that these activities will be completed in the first half of 2016. As of March 31, 2016, $17 of costs have been incurred over the life of these programs, consisting primarily of workforce reduction costs, and no additional costs are expected to be incurred related to the 2014 programs.

Workforce reduction costs primarily relate to non-voluntary employee termination benefits and are accounted for under the guidance for nonretirement postemployment benefits or as exit and disposal costs, as applicable. During the three months ended March 31, 2016, there were no additional charges recorded in “Business realignment costs” in the unaudited Condensed Consolidated Statements of Operations. At March 31, 2016 and December 31, 2015, the Company had accrued $2 and $3 for restructuring liabilities in “Other current liabilities” in the unaudited Condensed Consolidated Balance Sheets.

The following table summarizes restructuring and cost reduction information:

	Epoxy, Phenolic and Coating Resins		Corporate and Other			Total
Restructuring costs expected to be incurred	$	11	$	6		$	17
Cumulative restructuring costs incurred through March 31, 2016	$	11	$	6		$	17
Accrued liability at December 31, 2015	$	1	$	2		$	3
Payments	—		(1		)	(1		)
Accrued liability at March 31, 2016	$	1	$	1		$	2