Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Total long-term assets held for sale	$ 80	$ 0
Current assets
Cash and cash equivalents (including restricted cash of $11 and $8, respectively)	119	236
Accounts receivable (net of allowance for doubtful accounts of $16 and $15, respectively)	508	450
Inventories:
Finished and in-process goods	229	218
Raw materials and supplies	89	90
Total current assets held for sale	67	0
Other current assets	53	53
Total current assets	1,065	1,047
Investment in unconsolidated entities	37	36
Deferred income taxes	11	13
Other assets, net	46	48
Property and equipment
Land	75	84
Buildings	265	296
Machinery and equipment	2,355	2,406
Property, plant and equipment, gross	2,695	2,786
Less accumulated depreciation	(1,751)	(1,735)
Property, plant and equipment, net	944	1,051
Goodwill	125	122
Other intangible assets, net	62	65
Total assets	2,370	2,382
Current liabilities
Accounts and drafts payable	319	386
Debt payable within one year	66	80
Interest payable	99	82
Income taxes payable	10	15
Accrued payroll and incentive compensation	99	78
Total current liabilities associated with assets held for sale	56	0
Other current liabilities	110	123
Total current liabilities	759	764
Long-term liabilities
Long-term debt	3,700	3,698
Long-term pension and post employment benefit obligations	227	224
Deferred income taxes	13	12
Total long-term liabilities associated with assets held for sale	10	0
Other long-term liabilities	156	161
Total liabilities	4,865	4,859
Deficit
Common stock—$0.01 par value; 300,000,000 shares authorized, 170,605,906 issued and 82,556,847 outstanding at March 31, 2016 and December 31, 2015	1	1
Paid-in capital	526	526
Treasury stock, at cost—88,049,059 shares	(296)	(296)
Accumulated other comprehensive income	11	(15)
Accumulated deficit	(2,736)	(2,692)
Total Hexion Inc. shareholder’s deficit	(2,494)	(2,476)
Noncontrolling interest	(1)	(1)
Total deficit	(2,495)	(2,477)
Total liabilities and deficit	$ 2,370	$ 2,382