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Segment Information
 9 Months Ended
Sep. 30, 2018
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,
 
 
2018
 
2017
 
2018
 
2017
Net external sales
 
 
 
 
 
 
 
 
Olefins
 
 
 
 
 
 
 
 
Polyethylene
 
$
396

 
$
377

 
$
1,152

 
$
1,121

Styrene, feedstock and other
 
145

 
125

 
374

 
413

Total Olefins
 
541

 
502

 
1,526

 
1,534

Vinyls
 
 
 
 
 
 
 
 
PVC, caustic soda and other
 
1,372

 
1,253

 
4,126

 
3,541

Building products
 
342

 
354

 
988

 
956

Total Vinyls
 
1,714

 
1,607

 
5,114

 
4,497

 
 
$
2,255

 
$
2,109

 
$
6,640

 
$
6,031

 
 
 
 
 
 
 
 
 
Intersegment sales
 
 
 
 
 
 
 
 
Olefins
 
$
136

 
$
107

 
$
368

 
$
291

Vinyls
 
—

 
1

 
1

 
1

 
 
$
136

 
$
108

 
$
369

 
$
292

 
 
 
 
 
 
 
 
 
Income (loss) from operations
 
 
 
 
 
 
 
 
Olefins
 
$
162

 
$
166

 
$
483

 
$
489

Vinyls
 
251

 
214

 
788

 
425

Corporate and other
 
(17
)
 
(16
)
 
(70
)
 
(52
)
 
 
$
396

 
$
364

 
$
1,201

 
$
862

 
 
 
 
 
 
 
 
 
Depreciation and amortization
 
 
 
 
 
 
 
 
Olefins
 
$
35

 
$
35

 
$
102

 
$
111

Vinyls
 
124

 
118

 
362

 
332

Corporate and other
 
2

 
1

 
9

 
6

 
 
$
161

 
$
154

 
$
473

 
$
449

 
 
 
 
 
 
 
 
 
Other income, net
 
 
 
 
 
 
 
 
Olefins
 
$
1

 
$
—

 
$
4

 
$
2

Vinyls
 
16

 
1

 
32

 
7

Corporate and other
 
6

 
3

 
17

 
4

 
 
$
23

 
$
4

 
$
53

 
$
13

 
 
 
 
 
 
 
 
 
Provision for (benefit from) income taxes
 
 
 
 
 
 
 
 
Olefins
 
$
34

 
$
58

 
$
107

 
$
152

Vinyls
 
44

 
61

 
174

 
115

Corporate and other
 
(5
)
 
(10
)
 
(26
)
 
(34
)
 
 
$
73

 
$
109

 
$
255

 
$
233

 
 
 
 
 
 
 
 
 
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2018
 
2017
 
2018
 
2017
Capital expenditures
 
 
 
 
 
 
 
 
Olefins
 
$
33

 
$
21

 
$
81

 
$
70

Vinyls
 
162

 
108

 
420

 
330

Corporate and other
 
—

 
4

 
6

 
14

 
 
$
195

 
$
133

 
$
507

 
$
414

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,
 
 
2018
 
2017
 
2018
 
2017
Income from operations
 
$
396

 
$
364

 
$
1,201

 
$
862

Interest expense
 
(28
)
 
(40
)
 
(96
)
 
(119
)
Other income, net
 
23

 
4

 
53

 
13

Income before income taxes
 
$
391

 
$
328

 
$
1,158

 
$
756



 
 
September 30,
2018
 
December 31,
2017
Total assets
 
 
 
 
Olefins
 
$
2,074

 
$
2,006

Vinyls
 
8,953

 
8,853

Corporate and other
 
694

 
1,217

 
 
$
11,721

 
$
12,076