Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Current assets
Cash and cash equivalents (including restricted cash of $18 and $8, respectively)	$ 190	$ 236
Accounts receivable (net of allowance for doubtful accounts of $16 and $15, respectively)	520	450
Inventories:
Finished and in-process goods	209	218
Raw materials and supplies	97	90
Other current assets	125	53
Total current assets	1,141	1,047
Investment in unconsolidated entities	22	36
Deferred income taxes	10	13
Other assets, net	45	48
Property and equipment
Land	78	84
Buildings	275	296
Machinery and equipment	2,352	2,406
Property, plant and equipment, gross	2,705	2,786
Less accumulated depreciation	(1,796)	(1,735)
Property, plant and equipment, net	909	1,051
Goodwill	123	122
Other intangible assets, net	59	65
Total assets	2,309	2,382
Current liabilities
Accounts and drafts payable	346	386
Debt payable within one year	67	80
Interest payable	74	82
Income taxes payable	17	15
Accrued payroll and incentive compensation	54	78
Other current liabilities	158	123
Total current liabilities	716	764
Long-term liabilities
Long-term debt	3,555	3,698
Long-term pension and post employment benefit obligations	222	224
Deferred income taxes	14	12
Other long-term liabilities	173	161
Total liabilities	4,680	4,859
Deficit
Common stock—$0.01 par value; 300,000,000 shares authorized, 170,605,906 issued and 82,556,847 outstanding at June 30, 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	(15)	(15)
Accumulated deficit	(2,586)	(2,692)
Total Hexion Inc. shareholder’s deficit	(2,370)	(2,476)
Noncontrolling interest	(1)	(1)
Total deficit	(2,371)	(2,477)
Total liabilities and deficit	$ 2,309	$ 2,382