Table of Contents The fair value of debt obligations represents $97 of debt payable within one year and $1,733 of long-term debt. The fair value of long-term debt was determined based on a market approach utilizing current market yields and was estimated to be approximately 100% of par value. The fair value of pension liabilities of $239 was determined based upon assumptions related to discount rates and expected return on assets, as well as certain other assumptions related to various demographic factors. The following table reconciles the enterprise value (including both continuing and discontinued operations) to the estimated reorganization value as of the Effective Date: The fair value of non-debt and non-pension liabilities represents the total liabilities, less debt payable within one year, long-term debt and pension obligations, of the Successor Company as of the Effective Date. Hexion Inc. |  81  | 2020 Form 10-K Enterprise value $ 3,100  Plus: Total cash 125  Plus: Fair value of non-debt and non-pension liabilities Current liabilities 540  Long-term liabilities 527  Total non-debt and non-pension liabilities 1,067  Reorganization value of Successor assets $ 4,292 