XML 15 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 753 $ 1,531
Accounts receivable, net 1,037 1,001
Inventories 1,014 900
Prepaid expenses and other current assets 38 31
Total current assets 2,842 3,463
Property, plant and equipment, net 6,595 6,412
Goodwill 1,002 1,012
Customer relationships, net 525 616
Other intangible assets, net 134 161
Other assets, net 504 412
Total assets 11,602 12,076
Current liabilities    
Accounts payable 507 600
Accrued liabilities 676 657
Current portion of long-term debt, net 0 710
Total current liabilities 1,183 1,967
Long-term debt, net 2,668 3,127
Deferred income taxes 1,159 1,111
Pension and other post-retirement benefits 337 344
Other liabilities 179 158
Total liabilities 5,526 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 December 31, 2018 and 2017, respectively 1 1
Common stock, held in treasury, at cost; 6,183,125 and 5,232,875 shares at December 31, 2018 and 2017, respectively (382) (302)
Additional paid-in capital 556 555
Retained earnings 5,477 4,613
Accumulated other comprehensive income (loss) (62) 7
Total Westlake Chemical Corporation stockholders' equity 5,590 4,874
Noncontrolling interests 486 495
Total equity 6,076 5,369
Total liabilities and equity $ 11,602 $ 12,076