The document discusses calculation chains in spreadsheets, which refer to the order cells were last calculated but do not include dependency information. The calculation order can change based on dependencies, what cells have changed, and optimizations for multi-threaded calculations. Multi-threaded calculations are split into "child chains" that can be calculated concurrently and "dependency levels" that indicate points where calculation must wait for concurrent threads to complete. An example workbook is referenced to illustrate these concepts.