Segment Information

6 Months Ended

Jun. 30, 2016

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,
	2016			2015			2016			2015
Net external sales
Olefins
Polyethylene	$	371,658		$	450,482		$	717,690		$	859,914
Styrene, feedstock and other	122,826			170,396			207,814			344,041
Total Olefins	494,484			620,878			925,504			1,203,955
Vinyls
PVC, caustic soda and other	462,472			429,878			893,374			846,866
Building products	129,105			134,246			242,370			237,712
Total Vinyls	591,577			564,124			1,135,744			1,084,578
	$	1,086,061		$	1,185,002		$	2,061,248		$	2,288,533
Intersegment sales
Olefins	$	27,293		$	26,641		$	55,242		$	50,103
Vinyls	225			387			589			757
	$	27,518		$	27,028		$	55,831		$	50,860
Income (loss) from operations
Olefins	$	140,564		$	220,938		$	289,799		$	412,041
Vinyls	52,208			87,966			114,324			135,052
Corporate and other	(12,834		)	(13,530		)	(21,909		)	(22,439		)
	$	179,938		$	295,374		$	382,214		$	524,654
Depreciation and amortization
Olefins	$	30,236		$	27,623		$	58,933		$	54,562
Vinyls	36,268			32,599			72,555			64,183
Corporate and other	746			118			1,476			236
	$	67,250		$	60,340		$	132,964		$	118,981

	Three Months Ended June 30,						Six Months Ended June 30,
	2016			2015			2016			2015
Other income (expense), net
Olefins	$	1,093		$	(104	)	$	2,606		$	2,448
Vinyls	4,466			1,413			2,949			6,916
Corporate and other	2,622			20,749			5,271			21,790
	$	8,181		$	22,058		$	10,826		$	31,154
Provision for (benefit from) income taxes
Olefins	$	51,940		$	74,212		$	104,473		$	140,669
Vinyls	16,297			26,653			33,567			39,458
Corporate and other	(1,653		)	(2,452		)	(2,156		)	(3,336		)
	$	66,584		$	98,413		$	135,884		$	176,791
Capital expenditures
Olefins	$	93,739		$	81,534		$	188,890		$	136,835
Vinyls	56,613			24,569			96,869			61,425
Corporate and other	481			2,007			1,401			5,673
	$	150,833		$	108,110		$	287,160		$	203,933

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,
	2016			2015			2016			2015
Income from operations	$	179,938		$	295,374		$	382,214		$	524,654
Interest expense	(5,915		)	(8,958		)	(12,600		)	(18,549		)
Other income, net	8,181			22,058			10,826			31,154
Income before income taxes	$	182,204		$	308,474		$	380,440		$	537,259

	June 30, 2016		December 31, 2015
Total assets
Olefins	$	2,130,028	$	1,869,888
Vinyls	2,734,246		2,638,833
Corporate and other	1,056,290		1,060,564
	$	5,920,564	$	5,569,285