Business and Basis of Presentation MPM Holdings Inc. ( Momentive ) is a holding company that conducts substantially all of its business through its subsidiaries. Momentive s wholly owned subsidiary, MPM Intermediate Holdings Inc. ( Intermediate Holdings ), is a holding company for its wholly owned subsidiary, Momentive Performance Materials Inc. ( MPM ) and its subsidiaries. Momentive, Intermediate Holdings and MPM are collectively referred to herein as the  Company.  Momentive became the indirect parent company of MPM in accordance with MPM s plan of reorganization (the  Plan ) pursuant to MPM s emergence from Chapter 11 bankruptcy on October 24, 2014 (the  Effective Date  or the  Emergence Date ). Prior to its reorganization, MPM, through a series of intermediate holding companies, was controlled by investment funds managed by affiliates of Apollo Management Holdings, L.P. (together with Apollo Global Management, LLC and subsidiaries,  Apollo ). Unless otherwise noted, references to  we,   us,   our  or the  Company  refer collectively to Momentive and MPM and their subsidiaries, and, unless otherwise noted, the information provided pertains to both Momentive and MPM. Differences between the financial results of Momentive and MPM represent certain management expenses of and cash received by Momentive and therefore are not consolidated within the results of MPM. Based in Waterford, New York, the Company is comprised of two reportable segments: Silicones and Quartz. Silicones is a global business engaged in the manufacture, sale and distribution of silicones, silicone derivatives and organofunctional silanes. Quartz, also a global business, is engaged in the manufacture, sale and distribution of high-purity fused quartz and ceramic materials. On April 13, 2014 (the  Petition Date ), Momentive Performance Materials Holdings Inc. (MPM s direct parent prior to October 24, 2014) ( Old MPM Holdings ), MPM and certain of its U.S. subsidiaries (collectively, the  Debtors ) filed voluntary petitions for reorganization (t