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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 1,531 $ 459
Accounts receivable, net 1,001 939
Inventories 900 801
Prepaid expenses and other current assets 30 48
Restricted cash 1 161
Total current assets 3,463 2,408
Property, plant and equipment, net 6,412 6,420
Goodwill 1,012 947
Customer relationships, net 616 611
Other intangible assets, net 161 176
Other assets, net 412 328
Total assets 12,076 10,890
Current liabilities    
Accounts payable 600 496
Accrued liabilities 657 538
Current portion of long-term debt, net 710 0
Term loan 0 149
Total current liabilities 1,967 1,183
Long-term debt, net 3,127 3,679
Deferred income taxes 1,111 1,650
Pension and other post-retirement benefits 344 365
Other liabilities 158 121
Total liabilities 6,707 6,998
Stockholders' equity    
Preferred stock, $0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock, $0.01 par value, 300,000,000 shares authorized; 134,651,380 and 134,651,380 shares issued at December 31, 2017 and 2016, respectively 1 1
Common stock, held in treasury, at cost; 5,232,875 and 5,726,377 shares at December 31, 2017 and 2016, respectively (302) (319)
Additional paid-in capital 555 551
Retained earnings 4,613 3,412
Accumulated other comprehensive loss 7 (121)
Total Westlake Chemical Corporation stockholders' equity 4,874 3,524
Noncontrolling interests 495 368
Total equity 5,369 3,892
Total liabilities and equity $ 12,076 $ 10,890