Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Current assets
Cash and cash equivalents (including restricted cash of $17 and $8, respectively)	$ 196	$ 236
Short-term investments	0	0
Accounts receivable (net of allowance for doubtful accounts of $17 and $15, respectively)	390	450
Inventories:
Finished and in-process goods	199	218
Raw materials and supplies	88	90
Other current assets	45	53
Total current assets	918	1,047
Investments in unconsolidated entities	18	36
Deferred Income Taxes	10	13
Other assets, net	43	48
Property and equipment
Land	79	84
Buildings	273	296
Machinery and equipment	2,353	2,406
Property, plant and equipment, gross	2,705	2,786
Less accumulated depreciation	(1,812)	(1,735)
Property, plant and equipment, net	893	1,051
Goodwill	121	122
Other intangible assets, net	52	65
Total assets	2,055	2,382
Current liabilities
Accounts and drafts payable	368	386
Debt payable within one year	107	80
Interest payable	70	82
Income taxes payable	13	15
Accrued payroll and incentive compensation	55	78
Other current liabilities	159	123
Total current liabilities	772	764
Long-term liabilities
Long-term debt	3,397	3,698
Long-term pension and post employment benefit obligations	246	224
Long-term deferred income taxes	13	12
Other long-term liabilities	166	161
Total liabilities	4,594	4,859
Deficit
Common stock—$0.01 par value; 300,000,000 shares authorized, 170,605,906 issued and 82,556,847 outstanding at December 31, 2016 and 2015	1	1
Paid-in capital	526	526
Treasury stock, at cost—88,049,059 shares	(296)	(296)
Accumulated other comprehensive income	(39)	(15)
Accumulated deficit	(2,730)	(2,692)
Total Momentive Specialty Chemicals Inc. shareholder’s deficit	(2,538)	(2,476)
Noncontrolling interest	(1)	(1)
Total deficit	(2,539)	(2,477)
Total liabilities and deficit	$ 2,055	$ 2,382