XML 44 R29.htm IDEA: XBRL DOCUMENT v3.10.0.1
Segment Information (Tables)
9 Months Ended
Sep. 30, 2018
Segment Reporting [Abstract]  
Segment Sales by Geographic Region
Following is net sales by reportable segment disaggregated by geographic region:
 
Three Months Ended September 30, 2018
 
Three Months Ended September 30, 2017
 
Epoxy, Phenolic and Coating Resins

Forest Products Resins
 
Total
 
Epoxy, Phenolic and Coating Resins
 
Forest Products Resins
 
Total
North America
$
225

 
$
294

 
$
519

 
$
215

 
$
254

 
$
469

Europe
215

 
49

 
264

 
220

 
49

 
269

Asia Pacific
80

 
35

 
115

 
91

 
34

 
125

Latin America
1

 
53

 
54

 
2

 
49

 
51

Total
$
521


$
431

 
$
952

 
$
528

 
$
386

 
$
914

 
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2018
 
Nine Months Ended September 30, 2017
 
Epoxy, Phenolic and Coating Resins
 
Forest Products Resins
 
Total
 
Epoxy, Phenolic and Coating Resins
 
Forest Products Resins
 
Total
North America
$
695

 
$
856

 
$
1,551

 
$
623

 
$
773

 
$
1,396

Europe
709

 
155

 
864

 
665

 
145

 
810

Asia Pacific
218

 
101

 
319

 
243

 
99

 
342

Latin America
3

 
156

 
159

 
6

 
142

 
148

Total
$
1,625

 
$
1,268

 
$
2,893

 
$
1,537

 
$
1,159

 
$
2,696

(1)     Intersegment sales are not significant and, as such, are eliminated within the selling segment
Reconciliation of Segment EBITDA to Net Income
Reconciliation of Net Loss to Segment EBITDA:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2018
 
2017
 
2018
 
2017
Reconciliation:
 
 
 
 
 
 
 
Net loss attributable to Hexion Inc.
$
(18
)
 
$
(70
)
 
$
(53
)
 
$
(146
)
Net income attributable to noncontrolling interest

 

 
(1
)
 

Net loss
(18
)
 
(70
)
 
(52
)
 
(146
)
Income tax expense
6

 
9

 
17

 
16

Interest expense, net
83

 
82

 
250

 
247

Depreciation and amortization
27

 
29

 
85

 
85

Accelerated depreciation
2

 
14

 
2

 
14

EBITDA
$
100

 
$
64

 
$
302

 
$
216

Items not included in Segment EBITDA:
 
 
 
 

 

Asset impairments and write-downs
$
7

 
$
13

 
$
32

 
$
13

Business realignment costs
5

 
10

 
19

 
27

Gain on disposition

 

 
(44
)
 

Realized and unrealized foreign currency losses (gains)
4

 
(5
)
 
26

 
(7
)
Loss on extinguishment of debt

 

 

 
3

Other
12

 
14

 
39

 
39

Total adjustments
28

 
32

 
72

 
75

Segment EBITDA
$
128

 
$
96

 
$
374

 
$
291

 
 
 
 
 


 


Segment EBITDA:
 
 
 
 


 


Epoxy, Phenolic and Coating Resins
$
66

 
$
45

 
$
208

 
$
143

Forest Products Resins
76

 
66

 
219

 
195

Corporate and Other
(14
)
 
(15
)
 
(53
)
 
(47
)
Total
$
128

 
$
96

 
$
374

 
$
291