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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities    
Net income $ 903 $ 523
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 473 449
Stock-based compensation expense 16 17
Loss from disposition of property, plant and equipment 26 14
Deferred income taxes 74 23
Other gains, net (20) (3)
Changes in operating assets and liabilities    
Accounts receivable (252) (185)
Inventories (42) 24
Prepaid expenses and other current assets (3) 17
Accounts payable 36 61
Accrued liabilities 9 57
Other, net (65) (35)
Net cash provided by operating activities 1,155 962
Cash flows from investing activities    
Additions to property, plant and equipment (507) (414)
Additions to investments in unconsolidated subsidiaries (63) (47)
Other, net 9 1
Net cash used for investing activities (561) (460)
Cash flows from financing activities    
Dividends paid (87) (76)
Distributions to noncontrolling interests (37) (21)
Proceeds from notes payable and drawdown of revolver 11 231
Net proceeds from issuance of Westlake Chemical Partners LP common units 0 111
Repayment of term loan 0 (150)
Repayment of revolver 0 (550)
Redemption and repayment of notes payable (1,177) (7)
Repurchase of common stock for treasury (49)  
Other 8 2
Net cash used for financing activities (1,331) (460)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (6) 22
Net increase (decrease) in cash, cash equivalents and restricted cash (743) 64
Cash, cash equivalents and restricted cash at beginning of period 1,554 646
Cash, cash equivalents and restricted cash at end of period $ 811 $ 710