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Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Net sales $ 995 $ 912 $ 1,941 $ 1,782
Cost of sales 829 778 1,618 1,515
Gross profit 166 134 323 267
Selling, general and administrative expense 77 77 159 156
Gain on disposition 0 0 (44) 0
Asset impairments 0 0 25 0
Business realignment costs 5 10 14 17
Other operating expense, net 11 9 20 3
Operating income 73 38 149 91
Interest expense, net 84 82 167 165
Loss on extinguishment of debt 0 0 0 3
Other non-operating expense (income), net 8 (7) 7 (5)
Loss before income tax and earnings from unconsolidated entities (19) (37) (25) (72)
Income tax expense (benefit) 3 (1) 11 7
Loss before earnings from unconsolidated entities (22) (36) (36) (79)
Earnings from unconsolidated entities, net of taxes 1 2 2 3
Net loss (21) (34) (34) (76)
Net income attributable to noncontrolling interest (1) 0 (1) 0
Net (loss) income attributable to Hexion Inc. $ (22) $ (34) $ (35) $ (76)