Goodwill and Intangibles Level 3 (Tables)

12 Months Ended

Dec. 31, 2020

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, 2020 and 2019:

	2020								2019
	Gross Carrying Amount		Accumulated Impairments		Accumulated Foreign Currency Translation		Net Book Value		Gross Carrying Amount		Accumulated Impairments		Accumulated Foreign Currency Translation		Net Book Value
Adhesives(1)	$	127	$	—	$	—	$	127	$	127	$	—	$	—	$	127
Coatings and Composites	37		—		—		37		37		—		—		37
Total	$	164	$	—	$	—	$	164	$	164	$	—	$	—	$	164

(1)Excludes $14 of goodwill in the Adhesives segment associated with the Held for Sale Business at both December 31, 2020 and 2019 (See Note 4).

The changes in the net carrying amount of goodwill by segment for the years ended December 31, 2020 and 2019 are as follows:

	Adhesives(3)		Coatings and Composites		Total
Predecessor
Goodwill balance at December 31, 2018	$	43	$	41	$	84
Divestitures	—		—		—
Foreign currency translation	(1)		—		(1)
Goodwill balance at June 30, 2019	42		41		83
Elimination of Predecessor Goodwill	(42)		(41)		(83)
Goodwill balance at July 1, 2019	—		—		—
Recording of Successor Goodwill(1)	127		37		164
Successor
Goodwill balance at July 2, 2019	$	127	$	37	$	164
Adjustments(2)	—		—		—
Goodwill balance at December 31, 2019	$	127	$	37	$	164
Adjustments(2)	—		—		—
Goodwill balance at December 31, 2020	$	127	$	37	$	164

(1)Recording of the Successor Company goodwill in accordance with the application of fresh start accounting. Refer to Note 6 for more details.

(2)There were no foreign currency adjustments nor impairments related to Successor Company goodwill for the year ended December 31, 2020 and the Successor period July 2, 2019 through December 31, 2019.

(3)Excludes $14 at both December 31, 2020 and 2019 and $25 at both June 30, 2019 and December 31, 2018 related in the Held for Sale Business (See Note 4).

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, 2020 and 2019:

	Gross Carrying Amount		Accumulated Foreign Exchange		Accumulated Amortization		Net Book Value		Gross Carrying Amount		Accumulated Foreign Exchange		Accumulated Amortization		Net Book Value
	2020								2019
Customer relationships(1)	$	903	$	5	$	(61)	$	847	$	903	$	(3)	$	(19)	$	881
Trademarks	141		2		(12)		131		141		—		(3)		138
Technology	110		2		(11)		101		110		—		(4)		106
Total	$	1,154	$	9	$	(84)	$	1,079	$	1,154	$	(3)	$	(26)	$	1,125

(1)Excludes net book value of $61 and $63 at December 31, 2020 and 2019, respectively, related to the Held of Sale Business (See Note 4)

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

Estimated annual intangible amortization expense for 2021 through 2025 is as follows:

2021	$	58
2022	58
2023	58
2024	58
2025	58