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Condensed Consolidated Statements of Operations (unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Net sales $ 602 $ 637 $ 1,181 $ 1,242
Cost of Goods Sold 490   969  
Gross Profit $ 112   $ 212  
Costs and expenses:        
Cost of sales, excluding depreciation   460   894
Selling, general and administrative expenses $ 60 89 $ 134 168
Depreciation and amortization expenses   42   83
Research and Development Expense $ 18 19 $ 36 39
Restructuring and other costs 5 10 9 14
Other Operating Income 2 0 (5) 0
Operating (loss) income 27 17 38 44
Other income (expense):        
Interest expense, net 20 41 39 117
Other non-operating expense (income), net (2) 0 2 0
Reorganization Items 2 70 7 70
Loss before income taxes and earnings from unconsolidated entities 7 (94) (10) (143)
Income Tax Expense (Benefit) (5) 13 5 21
Loss before earnings losses from unconsolidated entities 12 (107) (15) (164)
Earnings (losses) from unconsolidated entities 0 1 1 2
Net Income (Loss) $ 12 $ (106) $ (14) $ (162)
Earnings Per Share, Basic $ 0.25 $ (1,060,000) $ (0.29) $ (1,620,000)
Earnings Per Share, Diluted $ 0.25 $ (1,060,000) $ (0.29) $ (1,620,000)
Weighted Average Number of Shares Outstanding, Basic 48,015,976 100 48,002,563 100
Weighted Average Number of Shares Outstanding, Diluted 48,084,004 100 48,002,563 100
MPM Inc [Member]        
Net sales $ 602 $ 637 $ 1,181 $ 1,242
Cost of Goods Sold 490   969  
Gross Profit 112   212  
Costs and expenses:        
Cost of sales, excluding depreciation   460   894
Selling, general and administrative expenses 60 89 134 168
Depreciation and amortization expenses   42   83
Research and Development Expense 18 19 36 39
Restructuring and other costs 5 10 9 14
Other Operating Income (2) 0 (5) 0
Operating (loss) income 27 17 38 44
Other income (expense):        
Interest expense, net 20 41 39 117
Other non-operating expense (income), net 2 0 (2) 0
Reorganization Items 2 70 7 70
Loss before income taxes and earnings from unconsolidated entities 7 (94) (10) (143)
Income Tax Expense (Benefit) (5) 13 5 21
Loss before earnings losses from unconsolidated entities 12 (107) (15) (164)
Earnings (losses) from unconsolidated entities 0 1 1 2
Net Income (Loss) $ 12 $ (106) $ (14) $ (162)