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Segment Information (Notes)
 12 Months Ended
Dec. 31, 2020
Segment Information [Abstract]  
Segment Reporting Disclosure [Text Block] Segment and Geographic Information
Realignment of Reportable Segments in 2020
    As part of the Company’s continuing efforts to drive growth and greater operating efficiencies, in January 2020, the Company changed its reporting segments to align around its two growth platforms: (i) Adhesives and (ii) Coatings and Composites. At December 31, 2020, the Company’s continuing operations has three reportable segments which consist of the following businesses:
•Adhesives: these businesses focus on the global adhesives market. They include the Company’s global wood adhesives business, which now also includes the oilfield technologies group, including: forest products resin assets in North America, Latin America, Australia and New Zealand; and global formaldehyde.
•Coatings and Composites: these businesses focus on the global coatings and composites market. They include the Company’s base and specialty epoxy resins and Versatic™ Acids and Derivatives businesses.
•Corporate and Other: primarily corporate general and administrative expenses that are not allocated to the other segments, such as
shared service and administrative functions and foreign exchange gains and losses.
    The Company has recast its Net Sales and Segment EBITDA (as defined below) for the Successor period July 2, 2019 through December 31, 2019 and for the Predecessor periods July 1, 2019 and January 1, 2019 through July 1, 2019 to reflect the new reportable segments.
Reportable Segments
Following are net sales, Segment EBITDA and other financial information from continuing operations by reportable segment. Segment EBITDA is defined as EBITDA (earnings before interest, income taxes, depreciation and amortization) adjusted for certain non-cash items and other income and expenses. Segment EBITDA is the primary performance measure used by the Company’s senior management, the chief operating decision-maker and the board of directors to evaluate operating results and allocate capital resources among segments. Segment EBITDA is also the profitability measure used to set management and executive incentive compensation goals. Corporate and Other is primarily corporate general and administrative expenses that are not allocated to the other segments, such as shared service and administrative functions and foreign exchange gains and losses not allocated to continuing segments.
Net Sales(1):
Following is continuing operations revenue by reportable segment. Product sales within each reportable segment share economically similar risks. These risks include general economic and industrial conditions, competitive pricing pressures and the Company’s ability to pass on fluctuations in raw material prices to its customers. A substantial number of the Company’s raw material inputs are petroleum-based and their prices fluctuate with the price of oil. Due to differing regional industrial and economic conditions, the geographic distribution of revenue may impact the amount, timing and uncertainty of revenue and cash flows from contracts with customers.
SuccessorPredecessor
December 31, 2020July 2, 2019 through
December 31, 2019		January 1, 2019 through
July 1, 2019		Year Ended December 31, 2018
 
Adhesives$1,188 $693 $761 $1,641 
Coatings and Composites1,322 630 720 1,496 
Total$2,510 $1,323 $1,481 $3,137 
(1)    Intersegment sales are not significant and, as such, are eliminated within the selling segment.
Segment EBITDA:
SuccessorPredecessor
December 31, 2020July 2, 2019 through
December 31, 2019		January 1, 2019 through
July 1, 2019		Year Ended December 31, 2018
 
Adhesives(1)
$214 $116 $135 $252 
Coatings and Composites(2)
151 60 96 200 
Corporate and Other(71)(37)(30)(71)
Total$294 $139 $201 $381 
(1)    Included in Adhesives Segment EBITDA are “Earnings from unconsolidated entities, net of taxes” of less than $1 for the year ended December 31, 2020, the Successor period July 2, 2019 through December 31, 2019 and the Predecessor Period January 1, 2019 through July 1, 2019 and $1 for the Predecessor year ended December 31, 2018.
(2)    Included in Coatings and Composites Segment EBITDA are “Earnings from unconsolidated entities, net of taxes” of $2, $2, $1 and $3 for the year ended December 31, 2020, the Successor period July 2, 2019 through December 31, 2019, the Predecessor period January 1, 2019 through July 1, 2019 and the year ended December 31, 2018, respectively.
Depreciation and Amortization Expense:
SuccessorPredecessor
December 31, 2020July 2, 2019 through
December 31, 2019		January 1, 2019 through
July 1, 2019		Year Ended December 31, 2018
 
Adhesives (1)
$97 $47 $21 $50 
Coatings and Composites90 44 20 44 
Corporate and Other4 2 2 4 
Total$191 $93 $43 $98 
(1)    Includes accelerated depreciation of $2 and $4 for the years ended December 31, 2020 and 2018. There was no accelerated depreciation in either the Successor period July 2, 2019 through December 31, 2019 or in the Predecessor period January 1, 2019 through July 1, 2019.

Total Assets(1):
 December 31, 2020December 31, 2019
Adhesives$2,202 $2,374 
Coatings and Composites1,404 1,371 
Corporate and Other396 401 
Total$4,002 $4,146 
(1)Includes assets held for sale at December 31, 2020 and 2019.

Capital Expenditures(1):
SuccessorPredecessor
December 31, 2020July 2, 2019 through
December 31, 2019		January 1, 2019 through
July 1, 2019		Year Ended December 31, 2018
 
Adhesives$62 $21 $18 $35 
Coatings and Composites43 22 22 43 
Corporate and Other3 4 1 3 
Total$108 $47 $41 $81 
(1)    Includes capitalized interest costs that are incurred during the construction of property and equipment.
Geographic Information
Net Sales(1):
SuccessorPredecessor
December 31, 2020July 2, 2019 through
December 31, 2019		January 1, 2019 through
July 1, 2019		Year Ended December 31, 2018
 
United States$1,142 $617 $693 $1,449 
Netherlands523 240 308 652 
Canada278 153 154 362 
China259 121 121 229 
Brazil123 83 91 194 
Other international185 109 114 251 
Total$2,510 $1,323 $1,481 $3,137 
(1) Sales are attributed to the country in which the individual business locations reside.
Following is net sales by reportable segment disaggregated by geographic region(1):
Successor
December 31, 2020July 2, 2019 through December 31, 2019
 AdhesivesCoatings and CompositesTotalAdhesivesCoatings and CompositesTotal
North America$910 $510 $1,420 $517 $255 $772 
Europe20 521 541 12 236 248 
Asia Pacific124 291 415 69 139 208 
Latin America134 — 134 95 — 95 
Total$1,188 $1,322 $2,510 $693 $630 $1,323 
Predecessor
January 1, 2019 through July 1, 2019Year Ended December 31, 2018
AdhesivesCoatings and CompositesTotalAdhesivesCoatings and CompositesTotal
North America$562 $286 $848 $1,215 $596 $1,811 
Europe15 305 320 $37 $644 681 
Asia Pacific81 129 210 $170 $254 424 
Latin America103 — 103 $219 $2 221 
Total$761 $720 $1,481 $1,641 $1,496 $3,137 
(1) Intersegment sales are not significant and, as such, are eliminated within the selling segment.

Long-Lived Assets(1):
 December 31, 2020December 31, 2019
United States$1,520 $1,605 
Netherlands556 526 
Brazil79 105 
Canada113 116 
Other international234 218 
Total$2,502 $2,570 
(1)Long-lived assets consist of property, plant and equipment, net; goodwill; and other intangible assets, net.
Reconciliation of Net Loss to Segment EBITDA:
 SuccessorPredecessor
Year Ended December 31, 2020July 2, 2019 through
December 31, 2019		January 1, 2019 through
July 1, 2019		Year Ended December 31, 2018
Reconciliation:
Net (loss) income attributable to Hexion Inc.$(230)$(89)$2,894 $(162)
Add: Net income (loss) attributable to noncontrolling interest— 1 1 (1)
Less: Net (loss) income from discontinued operations(69)4 135 28 
Net (loss) income from continued operations(161)(92)2,760 (191)
Income tax expense (benefit)14 (10)201 31 
Interest expense, net100 55 89 365 
Depreciation and amortization (1)
191 93 43 98 
EBITDA144 46 3,093 303 
Adjustments to arrive at Segment EBITDA:
Asset impairments and write-downs$16 $— $— $32 
Business realignment costs (2)
69 22 14 27 
Realized and unrealized foreign currency losses (gains)— 4 (7)28 
Gain on dispositions— — — (44)
Unrealized losses (gains) on pension and OPEB plan liabilities4 5 — (13)
Transaction costs (3)
6 11 26 13 
Reorganization items, net (4)
— — (2,943)— 
Non-cash impact of inventory step-up(5)
— 27 (27)— 
Accelerated deferred revenue (6)
— — 18 — 
Other non-cash items (7)
43 10 9 14 
Other (8)
12 14 18 21 
Total adjustments150 93 (2,892)78 
Segment EBITDA$294 $139 $201 $381 
Segment EBITDA:
Adhesives214 116 135 252 
Coatings and Composites151 60 96 200 
Corporate and Other(71)(37)(30)(71)
Total$294 $139 $201 $381 
(1)For the year ended December 31, 2020 and 2018 accelerated depreciation of $2 and $4 has been included in “Depreciation and amortization.” There was no accelerated deprecation in either the Successor year ended December 31, 2019 or in the Predecessor period January 1, 2019 through July 1, 2019.
(2)Business realignment costs for the Successor and Predecessor periods below included:
SuccessorPredecessor
Year Ended December 31, 2020July 2, 2019 through
December 31, 2019		January 1, 2019 through
July 1, 2019		Year Ended December 31, 2018
Severance costs$16 $9 $8 $9 
In-process facility rationalizations11 5 3 11 
Contractual costs from exited business8 — — — 
Business services implementation22 — — — 
Legacy environmental reserves9 7 1 5 
Other3 1 2 2 
(a)     The Company had $8 of severance liabilities accrued within “Other current liabilities” on the Consolidated Balance Sheets at both December 31, 2020 and 2019. The Company expects the amounts associated with these severance liabilities to be paid over the next 12 months.
(3)For the year ended December 31, 2020, transaction costs included certain professional fees related to strategic projects. For the Successor period from July 2, 2019 through December 31, 2019 and the Predecessor period from January 1, 2019 through July 1, 2019, transaction costs primarily included $6 and $23, respectively, of certain professional fees and other expenses related to the Company’s Chapter 11 proceedings.
(4)Represents incremental costs incurred directly as a result of the Company’s Chapter 11 proceedings after the date of filing, gains on settlement of liabilities under the Plan and the net impact of fresh start accounting adjustments. The amounts excludes the “Non-cash impact of inventory step-up” discussed below.
(5)Represents $27 of non-cash expense related to the step up of finished goods inventory on July 1 as part of fresh start accounting that was expensed
in the successor period upon the sale of the inventory.
(6)For the Predecessor period from January 1, 2019 through July 1, 2019, $18 of deferred revenue was accelerated on July 1 as part of Fresh Start accounting.
(7)Other non-cash items for the Successor and Predecessor periods presented below included:
SuccessorPredecessor
Year Ended December 31, 2020July 2, 2019 through
December 31, 2019		January 1, 2019 through
July 1, 2019		Year Ended December 31, 2018
Fixed asset write-offs$13 $6 $3 $6 
Stock-based compensation costs17 8 — — 
Long-term retention programs9 (2)5 8 
One-time capitalized variance impact of inventory fresh start step-up— (4)— — 
Other4 2 1 — 
(8)Other for Successor and Predecessor periods presented below included:
SuccessorPredecessor
Year Ended December 31, 2020July 2, 2019 through
December 31, 2019		January 1, 2019 through
July 1, 2019		Year Ended December 31, 2018
Legacy and other non-recurring items$8 $7 $3 $7 
IT outage (recoveries) costs, net(4)— 9 — 
Financing fees and other8 7 6 14