Summarized Financial Information of Unconsolidated Affiliate Level 3 (Tables)

12 Months Ended

Dec. 31, 2018

Summarized Financial Information of Unconsolidated Affiliate [Abstract]

Schedule of Variable Interest Entities [Table Text Block]

Summarized financial information of the unconsolidated affiliate HAI for the year ended December 31, 2016 is as follows:



	Year Ended December 31, 2016⁽¹⁾
Net sales	$	59
Gross profit	25
Pre-tax income	14
Net income	14


(1)	Amounts for the year ended December 31, 2016 represent activity through May 31, 2016, the date on which the Company sold its 50% interest in HAI (see Note 12).

Summarized financial information of the Company’s remaining unconsolidated affiliates, which are listed below, as of December 31, 2018 and 2017 and for the years ended December 31, 2018, 2017, and 2016 is as follows:


•	Hexion Shchekinoazot Holding B.V.


•	Sanwei Hexion Company Limited


•	Hexion Australia Pty Ltd


•	MicroBlend Columbia S.A.S



	December 31, 2018		December 31, 2017
Current assets	$	18	$	21
Non-current assets	15		18
Current liabilities	9		13
Non-current liabilities	11		10



	Year Ended December 31,
	2018		2017		2016
Net sales	$	75	$	78	$	71
Gross profit	17		16		15
Pre-tax income	1		3		6
Net income	—		2		4

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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