Business Combinations and Divestitures (Tables)

12 Months Ended

Dec. 31, 2014

Business Combinations [Abstract]

Schedule of Information Segregated from Financial Statements

The following amounts are related to our engineered chemistry and Integrity drilling fluids businesses, have been segregated from our Condensed Consolidated Statements of Operations and Condensed Consolidated Statement of Cash Flows:

	Year Ended December 31,
(Dollars in millions)	2014		2013		2012
Income Before Income Taxes	$	57	$	58	$	57

Schedule of Assets and Liabilities Held-for-Sale

The carrying amounts of the major classes of assets and liabilities of our engineered chemistry and Integrity drilling fluids businesses divested are as follows:

	December 31,
(Dollars in millions)	2014		2013
Assets:
Accounts Receivable, Net	$	48	$	48
Inventory, Net	99		103
Property, Plant and Equipment, Net	55		52
Goodwill	270		270
Other Intangible Assets, Net	43		49
Other Assets	1		5
Total Assets	$	516	$	527
Liabilities:
Accounts Payable	$	32	$	37
Deferred Tax Liabilities	10		19
Other Liabilities	2		23
Total Liabilities	$	44	$	79

Assets and liabilities have been reclassified as held for sale as of December 31, 2013 in connection with our planned divestitures. These balances are listed in the table below. As of December 31, 2014, we did not have any businesses that qualified for assets held for sale classification.

(Dollars in millions)	December 31, 2013
Accounts Receivables, net	$	244
Inventories, net	170
Other Current Assets	30
Property, Plant, and Equipment, Net	678
Goodwill	419
Other Intangible Assets, Net	59
Other Assets	4
Total Current Assets Held for Sale	$	1,604
Accounts Payable	$	173
Accrued Expenses and Other Liabilities	145
Total Current Liabilities Held for Sale	$	318