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Segment Information
 6 Months Ended
Jun. 30, 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 June 30,
 
Six Months Ended June 30,
 
 
2015
 
2014
 
2015
 
2014
Net external sales
 
 
 
 
 
 
 
 
Olefins
 
 
 
 
 
 
 
 
Polyethylene
 
$
450,482

 
$
475,503

 
$
859,914

 
$
962,647

Styrene, feedstock and other
 
170,396

 
223,550

 
344,041

 
459,204

Total Olefins
 
620,878

 
699,053

 
1,203,955

 
1,421,851

Vinyls
 
 
 
 
 
 
 
 
PVC, caustic soda and other
 
429,878

 
168,762

 
846,866

 
359,289

Building products
 
134,246

 
130,761

 
237,712

 
245,112

Total Vinyls
 
564,124

 
299,523

 
1,084,578

 
604,401

 
 
$
1,185,002

 
$
998,576

 
$
2,288,533

 
$
2,026,252

 
 
 
 
 
 
 
 
 
Intersegment sales
 
 
 
 
 
 
 
 
Olefins
 
$
26,641

 
$
34,782

 
$
50,103

 
$
91,635

Vinyls
 
387

 
331

 
757

 
674

 
 
$
27,028

 
$
35,113

 
$
50,860

 
$
92,309

 
 
 
 
 
 
 
 
 
Income (loss) from operations
 
 
 
 
 
 
 
 
Olefins
 
$
220,938

 
$
238,657

 
$
412,041

 
$
510,990

Vinyls
 
87,966

 
38,129

 
135,052

 
17,015

Corporate and other
 
(13,530
)
 
(9,998
)
 
(22,439
)
 
(13,162
)
 
 
$
295,374

 
$
266,788

 
$
524,654

 
$
514,843

 
 
 
 
 
 
 
 
 
Depreciation and amortization
 
 
 
 
 
 
 
 
Olefins
 
$
27,623

 
$
26,721

 
$
54,562

 
$
53,368

Vinyls
 
32,599

 
21,623

 
64,183

 
40,791

Corporate and other
 
118

 
158

 
236

 
315

 
 
$
60,340

 
$
48,502

 
$
118,981

 
$
94,474

 
 
 
 
 
 
 
 
 
Other income (expense), net
 
 
 
 
 
 
 
 
Olefins
 
$
(104
)
 
$
1,199

 
$
2,448

 
$
2,653

Vinyls
 
1,413

 
(213
)
 
6,916

 
(247
)
Corporate and other
 
20,749

 
3,615

 
21,790

 
4,704

 
 
$
22,058

 
$
4,601

 
$
31,154

 
$
7,110

 
 
 
 
 
 
 
 
 
Provision for (benefit from) income taxes
 
 
 
 
 
 
 
 
Olefins
 
$
74,212

 
$
83,502

 
$
140,669

 
$
177,052

Vinyls
 
26,653

 
10,430

 
39,458

 
360

Corporate and other
 
(2,452
)
 
(1,525
)
 
(3,336
)
 
(1,630
)
 
 
$
98,413

 
$
92,407

 
$
176,791

 
$
175,782

 
 
 
 
 
 
 
 
 
Capital expenditures
 
 
 
 
 
 
 
 
Olefins
 
$
81,534

 
$
43,448

 
$
136,835

 
$
72,522

Vinyls
 
24,569

 
62,262

 
61,425

 
143,382

Corporate and other
 
2,007

 
461

 
5,673

 
1,008

 
 
$
108,110

 
$
106,171

 
$
203,933

 
$
216,912

A reconciliation of total segment income from operations to consolidated income before income taxes is as follows:
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2015
 
2014
 
2015
 
2014
Income from operations
 
$
295,374

 
$
266,788

 
$
524,654

 
$
514,843

Interest expense
 
(8,958
)
 
(9,539
)
 
(18,549
)
 
(18,696
)
Other income, net
 
22,058

 
4,601

 
31,154

 
7,110

Income before income taxes
 
$
308,474

 
$
261,850

 
$
537,259

 
$
503,257


 
 
June 30,
2015
 
December 31,
2014
Total assets
 
 
 
 
Olefins
 
$
1,844,391

 
$
1,785,895

Vinyls
 
2,656,936

 
2,618,646

Corporate and other
 
909,683

 
809,449

 
 
$
5,411,010

 
$
5,213,990