Table of Contents 17. Summarized Financial Information of Unconsolidated Affiliates 18. Segment and Geographic Information Subsequent event Realignment of Reportable Segments in 2020 • Adhesives : these businesses focus on the global adhesives market. They include the Company’s global wood adhesives business, including: forest products resin assets in North America, Latin America, Europe, Australia and New Zealand; global formaldehyde; and the global phenolic specialty resins business, which now also includes the oilfield technologies group. • Coatings and Composites : these businesses focus on the global coatings and composites market. They include the Company’s base and specialty epoxy resins and Versatic™ Acids and Derivatives businesses. • Corporate and Other:  primarily corporate general and administrative expenses that are not allocated to the other segments, such as shared service and administrative functions, foreign exchange gains and losses and legacy company costs. • Epoxy, Phenolic and Coating Resins:  epoxy specialty resins, phenolic encapsulated substrates, versatic acids and derivatives, basic epoxy resins and intermediates, phenolic specialty resins and molding compounds • Forest Products Resins:  forest products resins and formaldehyde applications 100 The Company modified its internal reporting processes and systems to accommodate the new structure and the change to segment reporting is effective starting in the first quarter of 2020. Corporate and Other will continue to be a reportable segment. As part of the Company’s continuing efforts to drive growth and greater operating efficiencies, in January 2020, the Company changed its reporting segments to align around its two growth platforms: adhesives; and coatings and composites which consist of the following businesses: The Company’s business segments are based on the products that the Company offers and the markets that it serves. At December 31, 2019, the Company had three reportable segments: Forest Products Resins; Epoxy, Phenolic and Coating Resins; and Corporate and Other. A summary of the major products and items associated with the Company’s reportable segments are as follows: Summarized financial information of the Company’s unconsolidated affiliates, which are listed below, as of December 31, 2019 and 2018 and for the years ended December 31, 2019, 2018, and 2017 is as follows: • Hexion Shchekinoazot Holding B.V. • Momentive UV Coatings (Shanghai) Co., Ltd • Sanwei Hexion Company Limited • Hexion Australia Pty Ltd • MicroBlend Columbia S.A.S Successor Predecessor July 2, 2019 through December 31, 2019 January 1, 2019 through July 1, 2019 Year Ended December 31, 2018 2017 Net sales $ 46 $ 57 $ 129 $ 129 Gross profit 11 14 29 30 Pre-tax income 4 6 11 10 Net income 3 4 7 7 Successor Predecessor December 31,  2019 December 31,  2018 Current assets $ 41 $ 48 Non-current assets 7 15 Current liabilities 21 20 Non-current liabilities 12 11