XML 139 R119.htm IDEA: XBRL DOCUMENT v3.8.0.1
Guarantor Disclosures (Condensed Consolidating Financial Information Statement Of Operations) (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Condensed Financial Statements, Captions [Line Items]                      
Net sales $ 2,010 $ 2,109 $ 1,979 $ 1,943 $ 1,735 $ 1,280 $ 1,086 $ 975 $ 8,041 $ 5,076 $ 4,463
Cost of sales                 6,272 4,095 3,278
Gross profit 498 498 405 368 282 203 241 255 1,769 981 1,185
Selling, general and administrative expenses                 399 258 218
Amortization of intangibles                 108 38 7
Transaction and integration-related costs                 29 104 0
Income from operations 365 366 266 236 153 46 180 202 1,233 581 960
Interest expense                 (159) (79) (35)
Other income (expense), net                 7 56 38
Income before income taxes                 1,081 558 963
Provision for (benefit from) income taxes                 (258) 138 298
Equity in net income of subsidiaries                 0 0 0
Net income 816 219 159 145 105 70 116 129 1,339 420 665
Net income attributable to noncontrolling interests                 35 21 19
Net income attributable to Westlake Chemical Corporation $ 802 $ 211 $ 153 $ 138 $ 99 $ 66 $ 111 $ 123 1,304 399 646
Comprehensive income attributable to Westlake Chemical Corporation                 1,432 407 596
Eliminations [Member]                      
Condensed Financial Statements, Captions [Line Items]                      
Net sales                 (1,752) (1,379) (1,381)
Cost of sales                 (1,725) (1,357) (1,361)
Gross profit                 (27) (22) (20)
Selling, general and administrative expenses                 (27) (22) (20)
Amortization of intangibles                 0 0 0
Transaction and integration-related costs                 0 0  
Income from operations                 0 0 0
Interest expense                 179 82 42
Other income (expense), net                 (179) (82) (42)
Income before income taxes                 0 0 0
Provision for (benefit from) income taxes                 0 0 0
Equity in net income of subsidiaries                 (1,318) (400) (664)
Net income                 (1,318) (400) (664)
Net income attributable to noncontrolling interests                 0 0 0
Net income attributable to Westlake Chemical Corporation                 (1,318) (400) (664)
Comprehensive income attributable to Westlake Chemical Corporation                 (1,326) (407) (596)
Westlake Chemical Corporation [Member]                      
Condensed Financial Statements, Captions [Line Items]                      
Net sales                 0 0 0
Cost of sales                 0 0 0
Gross profit                 0 0 0
Selling, general and administrative expenses                 3 2 3
Amortization of intangibles                 1 1 0
Transaction and integration-related costs                 0 0  
Income from operations                 (4) (3) (3)
Interest expense                 (154) (83) (42)
Other income (expense), net                 154 77 20
Income before income taxes                 (4) (9) (25)
Provision for (benefit from) income taxes                 10 (8) (7)
Equity in net income of subsidiaries                 1,318 400 664
Net income                 1,304 399 646
Net income attributable to noncontrolling interests                 0 0 0
Net income attributable to Westlake Chemical Corporation                 1,304 399 646
Comprehensive income attributable to Westlake Chemical Corporation                 1,432 407 596
100% Owned Guarantor Subsidiaries [Member]                      
Condensed Financial Statements, Captions [Line Items]                      
Net sales                 6,650 4,010 3,558
Cost of sales                 5,559 3,533 2,842
Gross profit                 1,091 477 716
Selling, general and administrative expenses                 292 178 146
Amortization of intangibles                 81 27 5
Transaction and integration-related costs                 27 103  
Income from operations                 691 169 565
Interest expense                 (178) (76) (35)
Other income (expense), net                 (3) (14) 5
Income before income taxes                 510 79 535
Provision for (benefit from) income taxes                 (312) 115 275
Equity in net income of subsidiaries                 0 0 0
Net income                 822 (36) 260
Net income attributable to noncontrolling interests                 0 0 0
Net income attributable to Westlake Chemical Corporation                 822 (36) 260
Comprehensive income attributable to Westlake Chemical Corporation                 833 11 261
Non-Guarantor Subsidiaries [Member]                      
Condensed Financial Statements, Captions [Line Items]                      
Net sales                 3,143 2,445 2,286
Cost of sales                 2,438 1,919 1,797
Gross profit                 705 526 489
Selling, general and administrative expenses                 131 100 89
Amortization of intangibles                 26 10 2
Transaction and integration-related costs                 2 1  
Income from operations                 546 415 398
Interest expense                 (6) (2) 0
Other income (expense), net                 35 75 55
Income before income taxes                 575 488 453
Provision for (benefit from) income taxes                 44 31 30
Equity in net income of subsidiaries                 0 0 0
Net income                 531 457 423
Net income attributable to noncontrolling interests                 35 21 19
Net income attributable to Westlake Chemical Corporation                 496 436 404
Comprehensive income attributable to Westlake Chemical Corporation                 $ 493 $ 396 $ 335