Related Party Transactions (Tables)

9 Months Ended

Sep. 30, 2018

Other Transactions and Arrangements

The Company sells products and provides services to, and purchases products from, its joint ventures which are recorded under the equity method of accounting. Refer to the below table for a summary of the sales and purchases with the Company and its joint ventures which are recorded under the equity method of accounting:



	Three Months Ended September 30,				Nine Months Ended September 30,
	2018		2017		2018		2017
Sales to joint ventures	$	1	$	1	$	7	$	9
Purchases from joint ventures	< 1		3		5		10



	September 30, 2018		December 31, 2017
Accounts receivable from joint ventures	$	3	$	6
Accounts payable to joint ventures	< 1		1

Pursuant to the Shared Services Agreement, the below table summarizes the transactions between the Company and MPM:



	Nine Months Ended September 30,
	2018		2017
Total cost pool - Hexion ⁽¹⁾	$	23	$	41
Total cost pool - MPM ⁽¹⁾	17		31

(1) Included in the net costs incurred during the nine months ended September 30, 2018 and 2017, were net billings from Hexion to MPM of $11 and $21, respectively, to bring the percentage of total net incurred costs for shared services under the Shared Services Agreement to the applicable agreed upon allocation percentage.



	September 30, 2018		December 31, 2017
Accounts receivable from MPM	$	1	$	3

Sales and Purchases of Products with MPM

The Company also sells products to, and purchases products from, MPM. There were no products sold during the three months ended September 30, 2018 and during the three months ended September 30, 2017, the Company sold less than $1 of products to MPM. During the nine months ended September 30, 2018 and 2017, the Company sold less than $1 of products to MPM. During the three and nine months ended September 30, 2018 and 2017, the company earned less than $1 from MPM as compensation for acting as distributor of products. Refer to the below table for the summary of the purchases of products with MPM:



	Three Months Ended September 30,				Nine Months Ended September 30,
	2018		2017		2018		2017
Purchases from MPM	$	9	$	6	$	25	$	18



	September 30, 2018		December 31, 2017
Accounts payable to MPM	$	3	$	2