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Segment Information
 9 Months Ended
Sep. 30, 2017
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,
 
 
2017
 
2016
 
2017
 
2016
Net external sales
 
 
 
 
 
 
 
 
Olefins
 
 
 
 
 
 
 
 
Polyethylene
 
$
377,269

 
$
380,810

 
$
1,121,603

 
$
1,098,500

Styrene, feedstock and other
 
124,974

 
116,555

 
412,869

 
324,369

Total Olefins
 
502,243

 
497,365

 
1,534,472

 
1,422,869

Vinyls
 
 
 
 
 
 
 
 
PVC, caustic soda and other
 
1,252,963

 
599,276

 
3,541,409

 
1,492,650

Building products
 
353,683

 
182,387

 
954,785

 
424,757

Total Vinyls
 
1,606,646

 
781,663

 
4,496,194

 
1,917,407

 
 
$
2,108,889

 
$
1,279,028

 
$
6,030,666

 
$
3,340,276

 
 
 
 
 
 
 
 
 
Intersegment sales
 
 
 
 
 
 
 
 
Olefins
 
$
106,722

 
$
30,614

 
$
290,658

 
$
85,856

Vinyls
 
260

 
2,130

 
871

 
2,719

 
 
$
106,982

 
$
32,744

 
$
291,529

 
$
88,575

 
 
 
 
 
 
 
 
 
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2017
 
2016
 
2017
 
2016
Income (loss) from operations
 
 
 
 
 
 
 
 
Olefins
 
$
165,438

 
$
118,475

 
$
488,532

 
$
408,274

Vinyls
 
216,515

 
22,235

 
431,276

 
136,559

Corporate and other
 
(16,206
)
 
(94,147
)
 
(51,647
)
 
(116,056
)
 
 
$
365,747

 
$
46,563

 
$
868,161

 
$
428,777

 
 
 
 
 
 
 
 
 
Depreciation and amortization
 
 
 
 
 
 
 
 
Olefins
 
$
35,029

 
$
36,649

 
$
111,244

 
$
95,582

Vinyls
 
117,490

 
56,136

 
331,585

 
128,691

Corporate and other
 
1,115

 
1,444

 
5,704

 
2,920

 
 
$
153,634

 
$
94,229

 
$
448,533

 
$
227,193

 
 
 
 
 
 
 
 
 
Other income (expense), net
 
 
 
 
 
 
 
 
Olefins
 
$
(184
)
 
$
1,101

 
$
1,555

 
$
3,706

Vinyls
 
(970
)
 
(1,226
)
 
1,087

 
1,722

Corporate and other
 
3,212

 
41,390

 
3,949

 
46,663

 
 
$
2,058

 
$
41,265

 
$
6,591

 
$
52,091

 
 
 
 
 
 
 
 
 
Provision for (benefit from) income taxes
 
 
 
 
 
 
 
 
Olefins
 
$
58,218

 
$
31,956

 
$
152,482

 
$
136,429

Vinyls
 
60,784

 
(3,912
)
 
114,979

 
29,655

Corporate and other
 
(10,383
)
 
(34,596
)
 
(34,771
)
 
(36,752
)
 
 
$
108,619

 
$
(6,552
)
 
$
232,690

 
$
129,332

 
 
 
 
 
 
 
 
 
Capital expenditures
 
 
 
 
 
 
 
 
Olefins
 
$
20,960

 
$
96,469

 
$
70,043

 
$
285,359

Vinyls
 
107,515

 
83,523

 
329,968

 
180,392

Corporate and other
 
4,894

 
178

 
14,260

 
1,579

 
 
$
133,369

 
$
180,170

 
$
414,271

 
$
467,330

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,
 
 
2017
 
2016
 
2017
 
2016
Income from operations
 
$
365,747

 
$
46,563

 
$
868,161

 
$
428,777

Interest expense
 
(40,036
)
 
(24,366
)
 
(118,784
)
 
(36,966
)
Other income (expense), net
 
2,058

 
41,265

 
6,591

 
52,091

Income before income taxes
 
$
327,769

 
$
63,462

 
$
755,968

 
$
443,902



 
 
September 30,
2017
 
December 31,
2016
Total assets
 
 
 
 
Olefins
 
$
2,015,888

 
$
2,092,617

Vinyls
 
8,695,509

 
8,287,204

Corporate and other
 
532,728

 
510,432

 
 
$
11,244,125

 
$
10,890,253