XML 15 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 9 Months Ended
Jul. 01, 2019
Sep. 30, 2020
Sep. 30, 2019
Jun. 30, 2019
Sep. 30, 2020
Net sales $ 0 $ 634 $ 693 $ 1,481 $ 1,855
Cost of sales (exclusive of depreciation and amortization shown below) 0 500 586 1,211 1,514
Selling, general and administrative expense 0 56 61 128 164
Depreciation and amortization 0 47 48 43 143
Asset impairments 0 0 0 0 16
Business realignment costs 0 19 12 14 57
Other operating expense, net 0 4 4 17 15
Operating income (loss) 0 8 (18) 68 (54)
Interest expense, net 0 (25) (28) (89) 76
Other non-operating (income) expense, net 0 (8) 4 (11) (12)
Reorganization Items (3,126) 0 0 (2,970) 0
(Loss) income from continuing operations before income tax and earnings from unconsolidated entities 3,126 (9) (50) 2,960 (118)
Income tax expense (benefit) 191 17 (5) 201 8
(Loss) income from continuing operations before earnings from unconsolidated entities 2,935 26 45 2,759 126
Earnings from unconsolidated entities, net of taxes 0 0 1 1 2
(Loss) income from continuing operations before earnings from unconsolidated entities 2,935 (26) (44) 2,760 (124)
(Loss) income from discontinued operations, net of taxes 119 (76) 1 135 (79)
Net (loss) income 3,054 (102) (43) 2,894 (203)
Net income attributable to noncontrolling interest 0 0 0 (1) 0
Net (loss) income attributable to Hexion Inc. 3,054 (102) (43) 2,895 (203)
Accumulated Deficit [Member]          
Net (loss) income   $ (102) $ (43) $ (160) $ (203)
Net (loss) income attributable to Hexion Inc. $ 3,054