Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Goodwill

The Company’s gross carrying amount and accumulated impairments of goodwill consist of the following as of December 31:

	2012									2011
	Gross Carrying Amount		Accumulated Impairments		Accumulated Foreign Currency Translation			Net Book Value		Gross Carrying Amount		Accumulated Impairments		Accumulated Foreign Currency Translation			Net Book Value
Epoxy, Phenolic and Coating Resins	$	88	$	—	$	2		$	90	$	88	$	—	$	2		$	90
Forest Products Resins		81		—		(2	)		79		81		—		(4	)		77
Total	$	169	$	—	$	—		$	169	$	169	$	—	$	(2	)	$	167

The changes in the net carrying amount of goodwill by segment for the years ended December 31, 2012 and 2011 are as follows:

	Epoxy, Phenolic and Coating Resins			Forest Products Resins			Total
Goodwill balance at December 31, 2010	$	91		$	78		$	169
Foreign currency translation		(1	)		(1	)		(2	)
Goodwill balance at December 31, 2011		90			77			167
Foreign currency translation		—			2			2
Goodwill balance at December 31, 2012	$	90		$	79		$	169

Schedule of Finite-Lived Intangible Assets

The Company’s intangible assets with identifiable useful lives consist of the following as of December 31:

	2012										2011
	Gross Carrying Amount		Accumulated Impairments			Accumulated Amortization			Net Book Value		Gross Carrying Amount		Accumulated Impairments			Accumulated Amortization			Net Book Value
Patents and technology	$	110	$	—		$	(65	)	$	45	$	110	$	—		$	(58	)	$	52
Customer lists and contracts		93		(17	)		(49	)		27		93		(17	)		(44	)		32
Other		25		—			(6	)		19		25		—			(5	)		20
Total	$	228	$	(17	)	$	(120	)	$	91	$	228	$	(17	)	$	(107	)	$	104

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Estimated annual intangible amortization expense for 2013 through 2017 is as follows:

2013	$	13
2014		12
2015		12
2016		11
2017		10