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Segment Information
 9 Months Ended
Sep. 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 September 30,
 
Nine Months Ended September 30,
 
 
2015
 
2014
 
2015
 
2014
Net external sales
 
 
 
 
 
 
 
 
Olefins
 
 
 
 
 
 
 
 
Polyethylene
 
$
423,631

 
$
498,450

 
$
1,283,545

 
$
1,461,097

Styrene, feedstock and other
 
164,466

 
204,647

 
508,507

 
663,851

Total Olefins
 
588,097

 
703,097

 
1,792,052

 
2,124,948

Vinyls
 
 
 
 
 
 
 
 
PVC, caustic soda and other
 
468,235

 
416,771

 
1,315,101

 
776,060

Building products
 
131,705

 
133,359

 
369,417

 
378,471

Total Vinyls
 
599,940

 
550,130

 
1,684,518

 
1,154,531

 
 
$
1,188,037

 
$
1,253,227

 
$
3,476,570

 
$
3,279,479

 
 
 
 
 
 
 
 
 
Intersegment sales
 
 
 
 
 
 
 
 
Olefins
 
$
28,551

 
$
26,518

 
$
78,654

 
$
118,153

Vinyls
 
341

 
355

 
1,098

 
1,029

 
 
$
28,892

 
$
26,873

 
$
79,752

 
$
119,182

 
 
 
 
 
 
 
 
 
Income (loss) from operations
 
 
 
 
 
 
 
 
Olefins
 
$
196,703

 
$
259,277

 
$
608,744

 
$
770,267

Vinyls
 
67,779

 
59,445

 
202,831

 
76,460

Corporate and other
 
(10,454
)
 
(11,961
)
 
(32,893
)
 
(25,123
)
 
 
$
254,028

 
$
306,761

 
$
778,682

 
$
821,604

 
 
 
 
 
 
 
 
 
Depreciation and amortization
 
 
 
 
 
 
 
 
Olefins
 
$
27,678

 
$
26,443

 
$
82,240

 
$
79,811

Vinyls
 
33,432

 
27,336

 
97,615

 
68,127

Corporate and other
 
138

 
141

 
374

 
456

 
 
$
61,248

 
$
53,920

 
$
180,229

 
$
148,394

 
 
 
 
 
 
 
 
 
Other income (expense), net
 
 
 
 
 
 
 
 
Olefins
 
$
1,323

 
$
1,609

 
$
3,770

 
$
4,262

Vinyls
 
10

 
1,189

 
6,927

 
942

Corporate and other
 
1,303

 
(5,468
)
 
23,093

 
(764
)
 
 
$
2,636

 
$
(2,670
)
 
$
33,790

 
$
4,440

 
 
 
 
 
 
 
 
 
Provision for (benefit from) income taxes
 
 
 
 
 
 
 
 
Olefins
 
$
45,865

 
$
105,030

 
$
186,534

 
$
282,082

Vinyls
 
15,812

 
21,761

 
55,270

 
22,121

Corporate and other
 
(1,644
)
 
(2,342
)
 
(4,980
)
 
(3,972
)
 
 
$
60,033

 
$
124,449

 
$
236,824

 
$
300,231

 
 
 
 
 
 
 
 
 
Capital expenditures
 
 
 
 
 
 
 
 
Olefins
 
$
69,885

 
$
48,519

 
$
206,719

 
$
121,041

Vinyls
 
53,510

 
44,067

 
114,935

 
187,449

Corporate and other
 
1,909

 
1,685

 
7,582

 
2,693

 
 
$
125,304

 
$
94,271

 
$
329,236

 
$
311,183

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,
 
 
2015
 
2014
 
2015
 
2014
Income from operations
 
$
254,028

 
$
306,761

 
$
778,682

 
$
821,604

Interest expense
 
(8,211
)
 
(9,486
)
 
(26,760
)
 
(28,182
)
Other income (expense), net
 
2,636

 
(2,670
)
 
33,790

 
4,440

Income before income taxes
 
$
248,453

 
$
294,605

 
$
785,712

 
$
797,862


 
 
September 30,
2015
 
December 31,
2014
Total assets
 
 
 
 
Olefins
 
$
1,817,303

 
$
1,785,895

Vinyls
 
2,601,263

 
2,618,646

Corporate and other
 
1,105,839

 
809,449

 
 
$
5,524,405

 
$
5,213,990