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Consolidated Statements of Shareholder Deficit and Comprehensive Income (USD $)
In Millions
Common Stock
Paid-in Capital
Treasury Stock
Note Receivable From Parent
Accumulated Other Comprehensive Income
Accumulated Deficit
Total Momentive Specialty Chemicals Inc. Deficit
Non-controlling Interest
Total
Balance at Dec. 31, 2008 $ 1 $ 517 $ (296) $ 0 $ 2 [1] $ (2,442) $ (2,218) $ 39 $ (2,179)
Net income 0 0 0 0 0 114 114 3 117
Translation adjustments 0 0 0 0 64 0 64 1 65
Net deferred losses on cash flow hedges reclassified to income 0 0 0 0 15 0 15 0 15
Gain (loss) recognized from pension and postretirement benefits, net of tax 0 0 0 0 18 0 18 0 18
Comprehensive income             211 4 215
Dividends declared to noncontrolling interest holder 0 0 0 0 0 0 0 (5) (5)
Push-down of income recovered by shareholder (See Note 2) 0 (37) 0 0 0 0 (37) 0 (37)
Deconsolidation of variable interest entity 0 0 0 0 0 0 0 (24) (24)
Purchase of note receivable due from parent (See Note 5) 0 0 0 (24) 0 0 (24) 0 (24)
Stock-based compensation expense 0 5 0 0 0 0 5 0 5
Balance at Dec. 31, 2009 1 485 (296) (24) 99 [1] (2,328) (2,063) 14 (2,049)
Net income 0 0 0 0 0 214 214 0 214
Translation adjustments 0 0 0 0 (23) 0 (23) (1) (24)
Net deferred losses on cash flow hedges reclassified to income 0 0 0 0 18 0 18 0 18
Gain (loss) recognized from pension and postretirement benefits, net of tax 0 0 0 0 (6) 0 (6) 0 (6)
Comprehensive income             203 (1) 202
Push-down of income recovered by shareholder (See Note 2) 0 (163) 0 0 0 0 (163) 0 (163)
Deconsolidation of variable interest entity                 0
Purchase of note receivable due from parent (See Note 5)                 0
Impact of adoption of new accounting guidance for variable interest entities (See Note 2) 0 0 0 0 0 (1) (1) (10) (11)
Stock-based compensation expense 0 2 0 0 0 0 2 0 2
Balance at Dec. 31, 2010 1 324 (296) (24) 88 [1] (2,115) (2,022) 3 (2,019)
Net income 0 0 0 0 0 118 118 0 118
Translation adjustments 0 0 0 0 (43) 0 (43) 0 (43)
Net deferred losses on cash flow hedges reclassified to income 0 0 0 0 1 0 1 0 1
Gain (loss) recognized from pension and postretirement benefits, net of tax 0 0 0 0 (29) 0 (29) 0 (29)
Comprehensive income                   47 0 47
Push-down of income recovered by shareholder (See Note 2)                 0
Deconsolidation of variable interest entity                 0
Purchase of note receivable due from parent (See Note 5)                 0
Distribution declared to parent ($0.02 per share) 0 (2) 0 0 0 0 (2) 0 (2)
Capital contribution from Parent (See Note 5) 0 204 0 0 0 0 204 0 204
Divestiture of IAR business 0 0 0 0 0 0 0 (2) (2)
Stock-based compensation expense 0 7 0 0 0 0 7 0 7
Balance at Dec. 31, 2011 $ 1 $ 533 $ (296) $ (24) $ 17 [1] $ (1,997) $ (1,766) $ 1 $ (1,765)
[1] Accumulated other comprehensive income at December 31, 2011 represents $130 of net foreign currency translation gains, net of tax, $1 of net deferred losses on cash flow hedges and a $112 loss, net of tax, relating to net actuarial losses and prior service costs for the Company's defined benefit pension and postretirement benefit plans (see Note 12). Accumulated other comprehensive income at December 31, 2010 represents $173 of net foreign currency translation gains, net of tax, $2 of net deferred losses on cash flow hedges and a $83 unrealized loss, net of tax, related to net actuarial losses and prior service costs for the Company's defined benefit pension and postretirement plans (see Note 12). Accumulated other comprehensive income at December 31, 2009 represents $196 of net foreign currency translation gains, net of tax, $20 of net deferred losses on cash flow hedges and a $77 loss, net of tax, relating to net actuarial losses and prior service costs for the Company's defined benefit pension and postretirement benefit plans (see Note 12).