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Segment Information
 9 Months Ended
Sep. 30, 2013
Segment Reporting [Abstract]  
Segment Information
Segment Information
The Company operates in two principal business segments: Olefins and Vinyls. These segments are strategic business units that offer a variety of different products. The Company manages each segment separately as each business requires different technology and marketing strategies.
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2013
 
2012
 
2013
 
2012
Net external sales
 
 
 
 
 
 
 
 
Olefins
 
 
 
 
 
 
 
 
Polyethylene
 
$
460,105

 
$
431,614

 
$
1,294,566

 
$
1,275,057

Styrene, feedstock and other
 
219,234

 
108,171

 
590,959

 
669,718

Total Olefins
 
679,339

 
539,785

 
1,885,525

 
1,944,775

Vinyls
 
 
 
 
 
 
 
 
PVC, caustic soda and other
 
212,041

 
191,310

 
612,391

 
569,316

Building products
 
112,785

 
90,080

 
309,943

 
255,909

Total Vinyls
 
324,826

 
281,390

 
922,334

 
825,225

 
 
$
1,004,165

 
$
821,175

 
$
2,807,859

 
$
2,770,000

 
 
 
 
 
 
 
 
 
Intersegment sales
 
 
 
 
 
 
 
 
Olefins
 
$
85,454

 
$
76,771

 
$
230,607

 
$
247,671

Vinyls
 
403

 
391

 
1,111

 
1,167

 
 
$
85,857

 
$
77,162

 
$
231,718

 
$
248,838

 
 
 
 
 
 
 
 
 
Income (loss) from operations
 
 
 
 
 
 
 
 
Olefins
 
$
237,239

 
$
124,452

 
$
585,958

 
$
409,550

Vinyls
 
39,554

 
24,059

 
136,123

 
67,724

Corporate and other
 
(10,191
)
 
(5,994
)
 
(26,197
)
 
(18,154
)
 
 
$
266,602

 
$
142,517

 
$
695,884

 
$
459,120

 
 
 
 
 
 
 
 
 
Depreciation and amortization
 
 
 
 
 
 
 
 
Olefins
 
$
26,515

 
$
27,070

 
$
76,415

 
$
74,903

Vinyls
 
14,089

 
11,232

 
39,507

 
34,330

Corporate and other
 
124

 
122

 
372

 
368

 
 
$
40,728

 
$
38,424

 
$
116,294

 
$
109,601

 
 
 
 
 
 
 
 
 
Other income (expense), net
 
 
 
 
 
 
 
 
Olefins
 
$
728

 
$
806

 
$
5,889

 
$
2,764

Vinyls
 
(742
)
 
146

 
(1,687
)
 
115

Corporate and other
 
(273
)
 
270

 
(1,065
)
 
797

 
 
$
(287
)
 
$
1,222

 
$
3,137

 
$
3,676

 
 
 
 
 
 
 
 
 
Provision for (benefit from) income taxes
 
 
 
 
 
 
 
 
Olefins
 
$
82,553

 
$
36,092

 
$
208,170

 
$
130,612

Vinyls
 
10,710

 
6,556

 
44,120

 
18,989

Corporate and other
 
(535
)
 
(4,412
)
 
(7,643
)
 
(3,418
)
 
 
$
92,728

 
$
38,236

 
$
244,647

 
$
146,183

 
 
 
 
 
 
 
 
 
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2013
 
2012
 
2013
 
2012
Capital expenditures
 
 
 
 
 
 
 
 
Olefins
 
$
27,577

 
$
46,867

 
$
105,656

 
$
92,168

Vinyls
 
172,565

 
47,001

 
391,864

 
139,836

Corporate and other
 
276

 
1,027

 
770

 
3,459

 
 
$
200,418

 
$
94,895

 
$
498,290

 
$
235,463

A reconciliation of total segment income from operations to consolidated income before income taxes is as follows:
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2013
 
2012
 
2013
 
2012
Income from operations
 
$
266,602

 
$
142,517

 
$
695,884

 
$
459,120

Interest expense
 
(3,297
)
 
(11,934
)
 
(14,921
)
 
(35,682
)
Debt retirement costs
 
—

 
(7,082
)
 
—

 
(7,082
)
Gain from sales of equity securities
 
—

 
477

 
—

 
16,429

Other (expense) income, net
 
(287
)
 
1,222

 
3,137

 
3,676

Income before income taxes
 
$
263,018

 
$
125,200

 
$
684,100

 
$
436,461


 
 
September 30,
2013
 
December 31,
2012
Total assets
 
 
 
 
Olefins
 
$
1,560,303

 
$
1,439,308

Vinyls
 
1,577,549

 
1,030,912

Corporate and other
 
785,597

 
941,976

 
 
$
3,923,449

 
$
3,412,196