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Acquisition of Alkali Chemicals Group (Tables) | 3 Months Ended
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Mar. 31, 2017
Acquisition of Alkali Chemicals Group [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | Purchase Price Allocation
|  | Valuation |
Consideration: |  |  |
Purchase price |  | $ | 1,650 |
Fair Value of Assets Acquired and Liabilities Assumed: |  |  |  |
Current Assets: |  |  |  |
Accounts receivable |  | $ | 147 |
Inventories |  |  | 48 |
Prepaid and other assets |  |  | 32 |
Total Current Assets |  |  | 227 |
Property, plant and equipment (1) |  |  | 767 |
Mineral leaseholds (2) |  |  | 739 |
Other long-term assets |  |  | 3 |
Total Assets |  | $ | 1,736 |
Current Liabilities: |  |  |  |
Accounts payable |  |  | 46 |
Accrued liabilities |  |  | 28 |
Total Current Liabilities |  |  | 74 |
Noncurrent Liabilities: |  |  |  |
Other |  |  | 12 |
Total Liabilities |  |  | 86 |
Net Assets |  | $ | 1,650 |
(1) | The fair value of property, plant and equipment was determined using the cost approach, which estimates the replacement cost of each asset using current prices and labor costs, less estimates for physical, functional and technological obsolescence, based on the estimated useful life ranging from 5 to 38 years
(2) | The fair value of mineral rights was determined using the Discounted Cash Flow method, which was based upon the present value of the estimated future cash flows for the expected life of the asset taking into account the relative risk of achieving those cash flows and the time value of money. A discount rate of 10.4% was used taking into account the risks associated with such assets.

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=73530397&loc=d3e4845-128472 + Details
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