Goodwill and Intangibles Level 3 (Tables)

6 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill [Table Text Block]

The Company’s gross carrying amount and accumulated impairments of goodwill consist of the following as of December 31, 2019 and 2018:

	Successor								Predecessor
	2019								2018
	Gross Carrying Amount		Accumulated Impairments		Accumulated Foreign Currency Translation		Net Book Value		Gross Carrying Amount		Accumulated Impairments			Accumulated Foreign Currency Translation			Net Book Value
Forest Products Resins	$	141	$	—	$	—	$	141	$	80	$	—		$	(12	)	$	68
Epoxy, Phenolic and Coating Resins	37		—		—		37		111		(70		)	—			41
Total	$	178	$	—	$	—	$	178	$	191	$	(70	)	$	(12	)	$	109

The changes in the net carrying amount of goodwill by segment for the years ended December 31, 2019 and 2018 are as follows:

	Forest Products Resins			Epoxy, Phenolic and Coating Resins			Total
Predecessor
Goodwill balance at December 31, 2017	$	71		$	42		$	113
Divestitures	(1		)	—			(1		)
Foreign currency translation	(2		)	(1		)	(3		)
Goodwill balance at December 31, 2018	68			41			109
Foreign currency translation	(1		)	—			(1		)
Goodwill balance at June 30, 2019	67			41			108
Elimination of Predecessor Goodwill	(67		)	(41		)	(108		)
Goodwill balance at July 1, 2019	$	—		$	—		$	—
Recording of Successor Goodwill(1)	141			37			178
Successor
Goodwill balance at July 2, 2019	$	141		$	37		$	178
Adjustments(2)	—			—			—
Goodwill balance at December 31, 2019	$	141		$	37		$	178

Schedule of Finite-Lived Intangible Assets [Table Text Block]

The Company’s intangible assets with identifiable useful lives consist of the following as of December 31, 2019 and 2018:

	Gross Carrying Amount		Accumulated Impairments			Accumulated Amortization(1)			Net Book Value
Successor	2019
Customer relationships	$	968	$	—		$	(23	)	$	945
Trademarks	141		—			(4		)	137
Technology	110		—			(4		)	106
Total	$	1,219	$	—		$	(31	)	$	1,188
	Gross Carrying Amount		Accumulated Impairments			Accumulated Amortization(1)			Net Book Value
Predecessor	2018
Patents and technology	$	112	$	—		$	(100	)	$	12
Customer lists and contracts	109		(22		)	(83		)	4
Other	25		—			(14		)	11
Total	$	246	$	(22	)	$	(197	)	$	27

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

Estimated annual intangible amortization expense for 2020 through 2024 is as follows:

2020	$	60
2021	60
2022	60
2023	60
2024	60