Segment Information (Tables)

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Segment Sales by Geographic Region

Following is net sales by reportable segment disaggregated by geographic region:

	Successor						Predecessor
	Three Months Ended March 31, 2020						Three Months Ended March 31, 2019 (2)
	Adhesives		Coatings and Composites		Total		Adhesives		Coatings and Composites		Total
North America	$	295	$	154	$	449	$	332	$	137	$	469
Europe	102		154		256		114		152		266
Asia Pacific	33		50		83		42		54		96
Latin America	38		—		38		55		—		55
Total	$	468	$	358	$	826	$	543	$	343	$	886

(1) Intersegment sales are not significant and, as such, are eliminated within the selling segment.

(2) Previously reported Net Sales by reportable segment for the Predecessor three months ended March 31, 2019 is shown below:

	Predecessor
	Three Months Ended March 31, 2019
	Forest Products Resins		Epoxy, Phenolic and Coating Resins		Total
North America	$	260	$	209	$	469
Europe	47		219		266
Asia Pacific	33		63		96
Latin America	55		—		55
Total	$	395	$	491	$	886

Reconciliation of Segment EBITDA to Net Income

Reconciliation of Net Loss to Segment EBITDA:

	Successor			Predecessor
	Three Months Ended March 31, 2020			Three Months Ended March 31, 2019
Reconciliation:
Net loss	$	(59	)	$	(52	)
Income tax expense	3			7
Interest expense, net	26			80
Depreciation and amortization (1)	58			26
EBITDA	28			61
Adjustments to arrive at Segment EBITDA:
Asset impairments	$	16		$	—
Business realignment costs	21			4
Transaction costs	3			23
Realized and unrealized foreign currency losses	6			1
Other non-cash items (2)	12			2
Other	3			12
Total adjustments	61			42
Segment EBITDA	$	89		$	103
Segment EBITDA (3):
Adhesives	$	71		$	76
Coatings and Composites	39			44
Corporate and Other	(21		)	(17		)
Total	$	89		$	103

(1) For the three months ended March 31, 2020 accelerated depreciation of $2 has been included in “Depreciation and amortization.”

(2) For the three months ended March 31, 2020, primarily included expenses for stock-based compensation costs of $5, long-term retention programs of $3 and non-cash fixed asset write-offs of $2.

(3) Previously reported Segment EBITDA by reportable segment for the Predecessor three months ended March 31, 2019 is shown below:

	Predecessor
	Three Months Ended March 31, 2019
Segment EBITDA:
Forest Products Resins	$	68
Epoxy, Phenolic and Coating Resins	52
Corporate and Other	(17		)
Total	$	103