Goodwill and Intangibles Level 3 (Tables)

12 Months Ended

Dec. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill [Table Text Block]

The changes in the net carrying amount of goodwill by segment for the years ended December 31, 2016 and 2015 are as follows:

	Epoxy, Phenolic and Coating Resins			Forest Products Resins			Total
Goodwill balance at December 31, 2014	$	46		$	73		$	119
Acquisitions	10			—			10
Foreign currency translation	(2		)	(5		)	(7		)
Goodwill balance at December 31, 2015	54			68			122
Foreign currency translation	—			(1		)	(1		)
Goodwill balance at December 31, 2016	$	54		$	67		$	121

The Company’s gross carrying amount and accumulated impairments of goodwill consist of the following as of December 31, 2016 and 2015:

	2016										2015
	Gross Carrying Amount		Accumulated Impairments			Accumulated Foreign Currency Translation			Net Book Value		Gross Carrying Amount		Accumulated Impairments			Accumulated Foreign Currency Translation			Net Book Value
Epoxy, Phenolic and Coating Resins	$	111	$	(57	)	$	—		$	54	$	111	$	(57	)	$	—		$	54
Forest Products Resins	81		—			(14		)	67		81		—			(13		)	68
Total	$	192	$	(57	)	$	(14	)	$	121	$	192	$	(57	)	$	(13	)	$	122

Schedule of Finite-Lived Intangible Assets [Table Text Block]

The Company’s intangible assets with identifiable useful lives consist of the following as of December 31, 2016 and 2015:

	2016										2015
	Gross Carrying Amount		Accumulated Impairments			Accumulated Amortization			Net Book Value		Gross Carrying Amount		Accumulated Impairments			Accumulated Amortization			Net Book Value
Patents and technology	$	112	$	—		$	(91	)	$	21	$	112	$	—		$	(85	)	$	27
Customer lists and contracts	109		(17		)	(75		)	17		109		(17		)	(69		)	23
Other	25		—			(11		)	14		25		—			(10		)	15
Total	$	246	$	(17	)	$	(177	)	$	52	$	246	$	(17	)	$	(164	)	$	65

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

Estimated annual intangible amortization expense for 2017 through 2021 is as follows:

2017	$	10
2018	8
2019	8
2020	8
2021	3