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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents (including restricted cash of $15) $ 111 $ 128
Accounts receivable (net of allowance for doubtful accounts of $15 and $16, respectively) 496 412
Inventories:    
Finished and in-process goods 258 240
Raw materials and supplies 94 94
Other current assets 67 57
Total current assets 1,026 931
Investment in unconsolidated entities 20 19
Deferred income taxes   0
Other assets, net 40 34
Property and equipment    
Land 90 89
Buildings 285 285
Machinery and equipment 2,289 2,293
Property, plant and equipment, gross 2,664 2,667
Less accumulated depreciation (1,840) (1,826)
Property, plant and equipment, net 824 841
Operating Lease, Right-of-Use Asset 99 0
Goodwill 108 109
Other intangible assets, net 25 27
Total assets 2,142 1,961
Current liabilities    
Accounts payable 354 384
Debt payable within one year 3,875 3,716
Interest payable 100 82
Income taxes payable 8 5
Accrued payroll and incentive compensation 47 52
Operating Lease, Liability, Current 23 0
Other current liabilities 105 106
Total current liabilities 4,512 4,345
Long-term liabilities    
Long-term debt 94 99
Long-term pension and post employment benefit obligations 215 221
Deferred income taxes 15 15
Operating Lease, Liability, Noncurrent 76 0
Other long-term liabilities 196 195
Total liabilities 5,108 4,875
Commitments and contingencies (see Note 7)  
Deficit    
Common stock—$0.01 par value; 300,000,000 shares authorized, 170,605,906 issued and 82,556,847 outstanding at March 31, 2019 and December 31, 2018 1 1
Paid-in capital 526 526
Treasury stock, at cost—88,049,059 shares (296) (296)
Accumulated other comprehensive loss (18) (18)
Accumulated deficit (3,177) (3,125)
Total Hexion Inc. shareholder’s deficit (2,964) (2,912)
Noncontrolling interest (2) (2)
Total deficit (2,966) (2,914)
Total liabilities and deficit $ 2,142 $ 1,961