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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 788 $ 1,531
Accounts receivable, net 1,241 1,001
Inventories 939 900
Prepaid expenses and other current assets 36 31
Total current assets 3,004 3,463
Property, plant and equipment, net 6,519 6,412
Goodwill 1,008 1,012
Customer relationships, net 550 616
Other intangible assets, net 141 161
Other assets, net 499 412
Total assets 11,721 12,076
Current liabilities    
Accounts payable 626 600
Accrued liabilities 675 657
Current portion of long-term debt, net 0 710
Total current liabilities 1,301 1,967
Long-term debt, net 2,667 3,127
Deferred income taxes 1,184 1,111
Pension and other post-retirement benefits 303 344
Other liabilities 178 158
Total liabilities 5,633 6,707
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 September 30, 2018 and December 31, 2017, respectively 1 1
Common stock, held in treasury, at cost; 5,486,164 and 5,232,875 shares at September 30, 2018 and December 31, 2017, respectively (337) (302)
Additional Paid in Capital 562 555
Retained earnings 5,400 4,613
Accumulated other comprehensive income (loss) (24) 7
Total Westlake Chemical Corporation stockholders' equity 5,602 4,874
Noncontrolling interests 486 495
Total equity 6,088 5,369
Total liabilities and equity $ 11,721 $ 12,076