Segment Information

3 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company operates in two principal operating 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 March 31,
	2015			2014
Net external sales
Olefins
Polyethylene	$	409,432		$	487,144
Styrene, feedstock and other	173,645			235,654
Total Olefins	583,077			722,798
Vinyls
PVC, caustic soda and other	416,988			190,527
Building products	103,466			114,351
Total Vinyls	520,454			304,878
	$	1,103,531		$	1,027,676
Intersegment sales
Olefins	$	23,462		$	56,853
Vinyls	370			343
	$	23,832		$	57,196
Income (loss) from operations
Olefins	$	191,103		$	272,333
Vinyls	47,086			(21,114		)
Corporate and other	(8,909		)	(3,164		)
	$	229,280		$	248,055
Depreciation and amortization
Olefins	$	26,939		$	26,647
Vinyls	31,584			19,168
Corporate and other	118			157
	$	58,641		$	45,972
Other income (expense), net
Olefins	$	2,552		$	1,454
Vinyls	5,503			(34		)
Corporate and other	1,041			1,089
	$	9,096		$	2,509
Provision for (benefit from) income taxes
Olefins	$	66,457		$	93,550
Vinyls	12,805			(10,070		)
Corporate and other	(884		)	(105		)
	$	78,378		$	83,375
Capital expenditures
Olefins	$	55,300		$	29,074
Vinyls	36,855			81,120
Corporate and other	3,667			547
	$	95,822		$	110,741

A reconciliation of total segment income from operations to consolidated income before income taxes is as follows:

	Three Months Ended March 31,
	2015			2014
Income from operations	$	229,280		$	248,055
Interest expense	(9,591		)	(9,157		)
Other income, net	9,096			2,509
Income before income taxes	$	228,785		$	241,407

	March 31, 2015		December 31, 2014
Total assets
Olefins	$	1,783,845	$	1,785,895
Vinyls	2,510,470		2,618,646
Corporate and other	885,470		809,449
	$	5,179,785	$	5,213,990