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Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Net sales $ 952 $ 914 $ 2,893 $ 2,696
Cost of sales 796 797 2,414 2,312
Gross profit 156 117 479 384
Selling, general and administrative expense 72 77 231 233
Gain on disposition 0 0 (44) 0
Asset impairments 3 13 28 13
Business realignment costs 5 10 19 27
Other operating expense, net 6 1 26 4
Operating income 70 16 219 107
Interest expense, net 83 82 250 247
Loss on extinguishment of debt 0 0 0 3
Other non-operating (income) expense, net (1) (5) 6 (10)
Loss before income tax and earnings from unconsolidated entities (12) (61) (37) (133)
Income tax expense 6 9 17 16
Loss before earnings from unconsolidated entities (18) (70) (54) (149)
Earnings from unconsolidated entities, net of taxes 0 0 2 3
Net loss (18) (70) (52) (146)
Net income attributable to noncontrolling interest 0 0 (1) 0
Net (loss) income attributable to Hexion Inc. $ (18) $ (70) $ (53) $ (146)