Goodwill and Intangibles Level 3 (Tables)

12 Months Ended

Dec. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill [Table Text Block]

The changes in the net carrying amount of goodwill by segment for the years ended December 31, 2014 and 2013 are as follows:

	Epoxy, Phenolic and Coating Resins			Forest Products Resins			Total
Goodwill balance at December 31, 2012	$	90		$	79		$	169
Foreign currency translation	1			(1		)	—
Impairments	(57		)	—			(57		)
Goodwill balance at December 31, 2013	34			78			112
Acquisitions	13			—			13
Foreign currency translation	(1		)	(5		)	(6		)
Goodwill balance at December 31, 2014	$	46		$	73		$	119

The Company’s gross carrying amount and accumulated impairments of goodwill consist of the following as of December 31, 2014 and 2013:

	2014										2013
	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	$	101	$	(57	)	$	2		$	46	$	88	$	(57	)	$	3		$	34
Forest Products Resins	81		—			(8		)	73		81		—			(3		)	78
Total	$	182	$	(57	)	$	(6	)	$	119	$	169	$	(57	)	$	—		$	112

Schedule of Finite-Lived Intangible Assets [Table Text Block]

The Company’s intangible assets with identifiable useful lives consist of the following as of December 31, 2014 and 2013:

	2014										2013
	Gross Carrying Amount		Accumulated Impairments			Accumulated Amortization			Net Book Value		Gross Carrying Amount		Accumulated Impairments			Accumulated Amortization			Net Book Value
Patents and technology	$	112	$	—		$	(78	)	$	34	$	112	$	—		$	(70	)	$	42
Customer lists and contracts	109		(17		)	(62		)	30		93		(17		)	(54		)	22
Other	25		—			(8		)	17		25		—			(7		)	18
Total	$	246	$	(17	)	$	(148	)	$	81	$	230	$	(17	)	$	(131	)	$	82

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

Estimated annual intangible amortization expense for 2015 through 2019 is as follows:

2015	$	14
2016	13
2017	10
2018	9
2019	9