XML 111 R94.htm IDEA: XBRL DOCUMENT v3.7.0.1
Guarantor Non-Guarantor Subsidiary Financial Information Level 4 (Details) - Consolidating Statement of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Net sales $ 3,438 $ 4,140 $ 5,137
Cost of sales 3,038 3,540 4,576
Gross profit 400 600 561
Selling, general and administrative expense 328 306 399
Asset and goodwill impairment 0 6 5
Gain (Loss) on Disposition of Business (240) 0 0
Business realignment costs 55 16 47
Other operating expense (income), net (13) 12 (8)
Operating income 244 260 118
Interest expense, net (310) 326 308
Intercompany interest expense (income) 0 0 0
Gain (loss) on extinguishment of debt (48) (41) 0
Other non-operating (income) expense, net 7 (3) 32
(Loss) income from continuing operations before income tax and earnings from unconsolidated entities (11) (22) (222)
Income tax (benefit) expense 38 34 22
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest 49 56 244
Earnings from unconsolidated entities, net of taxes 11 17 20
Net income from continuing operations   (39) (224)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest (38) (39) (224)
Net Income (Loss) Attributable to Noncontrolling Interest 0 (1) 1
Net income (38) (40) (223)
Comprehensive income (loss) (62) (128) (280)
Momentive Specialty Chemicals Inc. [Member]      
Net sales 1,449 1,715 2,259
Cost of sales 1,370 1,528 2,001
Gross profit 79 187 258
Selling, general and administrative expense 142 134 102
Asset and goodwill impairment   0 0
Gain (Loss) on Disposition of Business (188)    
Business realignment costs 39 7 31
Other operating expense (income), net (18) 16 (11)
Operating income 68 30 136
Interest expense, net (300) 317 300
Intercompany interest expense (income) (72) (80) (92)
Gain (loss) on extinguishment of debt (48) (41)  
Other non-operating (income) expense, net (17) 94 101
(Loss) income from continuing operations before income tax and earnings from unconsolidated entities (129) (260) (173)
Income tax (benefit) expense (3) (2) (6)
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest (126) 258 167
Earnings from unconsolidated entities, net of taxes 88 218 (56)
Net income from continuing operations   (40) (223)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest (38)    
Net Income (Loss) Attributable to Noncontrolling Interest   0 0
Net income   (40) (223)
Comprehensive income (loss) (62) (128) (280)
Combined Subsidiary Guarantors [Member]      
Net sales 0 0 0
Cost of sales 0 0 0
Gross profit 0 0 0
Selling, general and administrative expense 0 0 0
Asset and goodwill impairment   0 0
Gain (Loss) on Disposition of Business 0    
Business realignment costs 0 0 0
Other operating expense (income), net (5) 0 (4)
Operating income (5) 0 4
Interest expense, net 0 0 0
Intercompany interest expense (income) 0 0 (1)
Gain (loss) on extinguishment of debt 0 0  
Other non-operating (income) expense, net 0 0 0
(Loss) income from continuing operations before income tax and earnings from unconsolidated entities (5) 0 5
Income tax (benefit) expense 0 0 0
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest (5) 0 5
Earnings from unconsolidated entities, net of taxes 31 132 31
Net income from continuing operations   132 36
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 26    
Net Income (Loss) Attributable to Noncontrolling Interest   0 0
Net income   132 36
Comprehensive income (loss) 25 133 35
Combined Non-Guarantor Subsidiaries [Member]      
Net sales 2,171 2,603 3,109
Cost of sales 1,850 2,190 2,806
Gross profit 321 413 303
Selling, general and administrative expense 186 172 297
Asset and goodwill impairment   6 5
Gain (Loss) on Disposition of Business (52)    
Business realignment costs 16 9 16
Other operating expense (income), net 10 (4) 7
Operating income 181 230 (22)
Interest expense, net (10) 9 8
Intercompany interest expense (income) 72 80 93
Gain (loss) on extinguishment of debt 0 0  
Other non-operating (income) expense, net 24 (97) (69)
(Loss) income from continuing operations before income tax and earnings from unconsolidated entities 123 238 (54)
Income tax (benefit) expense 41 36 28
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest 82 (202) (82)
Earnings from unconsolidated entities, net of taxes 5 1 5
Net income from continuing operations   203 (77)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest 87    
Net Income (Loss) Attributable to Noncontrolling Interest   (1) 1
Net income   202 (76)
Comprehensive income (loss) 66 156 (81)
Consolidation, Eliminations [Member]      
Net sales (182) (178) (231)
Cost of sales (182) (178) (231)
Gross profit 0 0 0
Selling, general and administrative expense 0 0 0
Asset and goodwill impairment   0 0
Gain (Loss) on Disposition of Business 0    
Business realignment costs 0 0 0
Other operating expense (income), net 0 0 0
Operating income 0 0 0
Interest expense, net 0 0 0
Intercompany interest expense (income) 0 0 0
Gain (loss) on extinguishment of debt 0 0  
Other non-operating (income) expense, net 0 0 0
(Loss) income from continuing operations before income tax and earnings from unconsolidated entities 0 0 0
Income tax (benefit) expense 0 0 0
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest 0 0 0
Earnings from unconsolidated entities, net of taxes (113) (334) 40
Net income from continuing operations   (334) 40
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest (113)    
Net Income (Loss) Attributable to Noncontrolling Interest   0 0
Net income   (334) 40
Comprehensive income (loss) $ (91) $ (289) $ 46