XML 36 R2.htm IDEA: XBRL DOCUMENT v3.2.0.727
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Millions
Jun. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents (including restricted cash) $ 173 $ 228
Accounts receivable (net of allowance for doubtful accounts of less than $1) 338 324
Inventories:    
Raw materials and work in process 157 144
Finished goods 277 258
Deferred income taxes 33 33
Other current assets 55 60
Total current assets 1,033 1,047
Other long-term assets 23 27
Land 73 75
Buildings 292 295
Machinery and equipment 825 799
Property, Plant and Equipment, Gross 1,190 1,169
Less accumulated depreciation (76) (17)
Property, Plant and Equipment, Net 1,114 1,152
Investment in unconsolidated entities 19 18
Deferred income taxes 13 14
Goodwill 216 218
Intangible assets, net 381 408
Total assets 2,799 2,884
Current liabilities:    
Trade payables 221 223
Accrued expenses and other liabilities 77 82
Interest Payable, Current 12 11
Taxes Payable, Current 4 7
Deferred income taxes 16 18
Accrued Salaries, Current 46 57
Long-term Debt, Current Maturities 37 38
Total current liabilities 413 436
Long-term liabilities:    
Long-term debt 1,174 1,163
Other liabilities 55 66
Pension and Other Postretirement Defined Benefit Plans, Liabilities, Noncurrent 339 352
Deferred income taxes 100 98
Total liabilities 2,081 2,115
Equity:    
Common stock - $0.01 par value; 100 shares authorized; 48 shares issued and outstanding at June 30, 2015 and December 31, 2014 0 0
Additional Paid in Capital 859 857
Accumulated deficit (74) (60)
Total deficit 718 769
Total liabilities and equity (deficit) 2,799 2,884
MPM Inc [Member]    
Current assets:    
Cash and cash equivalents (including restricted cash) 172 228
Accounts receivable (net of allowance for doubtful accounts of less than $1) 338 324
Due from affiliates 0 0
Inventories:    
Raw materials and work in process 157 144
Finished goods 277 258
Deferred income taxes 33 33
Other current assets 55 60
Total current assets 1,032 1,047
Other long-term assets 23 27
Land 73 75
Buildings 292 295
Machinery and equipment 825 799
Property, Plant and Equipment, Gross 1,190 1,169
Less accumulated depreciation (76) (17)
Property, Plant and Equipment, Net 1,114 1,152
Investment in unconsolidated entities 19 18
Deferred income taxes 13 14
Goodwill 216 218
Intangible assets, net 381 408
Total assets 2,798 2,884
Current liabilities:    
Trade payables 221 223
Accrued expenses and other liabilities 77 82
Interest Payable, Current 12 11
Taxes Payable, Current 4 7
Due to affiliates 0 0
Deferred income taxes 16 18
Accrued Salaries, Current 46 57
Long-term Debt, Current Maturities 37 38
Total current liabilities 413 436
Long-term liabilities:    
Long-term debt 1,174 1,163
Other liabilities 55 66
Pension and Other Postretirement Defined Benefit Plans, Liabilities, Noncurrent 339 352
Deferred income taxes 100 98
Total liabilities 2,081 2,115
Equity:    
Common stock - $0.01 par value; 100 shares authorized; 48 shares issued and outstanding at June 30, 2015 and December 31, 2014 0 0
Additional Paid in Capital 858 857
Accumulated deficit (74) (60)
Total deficit 717 769
Total liabilities and equity (deficit) $ 2,798 $ 2,884