Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Components of Income (Loss) Before Income Taxes

The components of income before income taxes are as follows:

	Year Ended December 31,
	2018		2017		2016
Domestic	$	1,087	$	917	$	476
Foreign	247		164		82
	$	1,334	$	1,081	$	558

Schedule of The Provision For (Benefit From) Income Taxes

The Company's provision for (benefit from) income taxes consists of the following:

	Year Ended December 31,
	2018			2017			2016
Current
Federal	$	158		$	231		$	8
State	28			18			9
Foreign	52			27			20
	238			276			37
Deferred
Federal	59			(557		)	136
State	(2		)	25			(33		)
Foreign	5			(2		)	(2		)
	62			(534		)	101
Total provision for (benefit from) income taxes	$	300		$	(258	)	$	138

Reconciliation of Taxes Computed at the Statutory Rate to Income Tax Expense

A reconciliation of taxes computed at the statutory rate to the Company's income tax expense is as follows:

	Year Ended December 31,
	2018			2017			2016
Provision for federal income tax, at statutory rate	$	280		$	378		$	195
State income tax provision, net of federal income tax effect	28			26			1
Foreign income tax rate differential	5			(33		)	(8		)
Manufacturing deduction	—			(23		)	(2		)
Depletion	(4		)	(7		)	(2		)
Noncontrolling interests	(6		)	(9		)	(7		)
Tax on previously held shares of Axiall Corporation and certain other acquisition related items	—			—			(13		)
Tax Act related adjustment	—			(591		)	—
Changes in state apportionment and other state adjustments	(6		)	2			(17		)
Research and development expenditures and adjustments related to prior years' tax returns	(1		)	(1		)	(8		)
Other, net	4			—			(1		)
	$	300		$	(258	)	$	138

Schedule of Deferred Tax Assets And Liabilities

The tax effects of the principal temporary differences between financial reporting and income tax reporting at December 31 are as follows:

	2018			2017
Net operating loss carryforward	$	50		$	64
Credit carryforward	24			26
Accruals	64			53
Pension	76			79
Allowance for doubtful accounts	5			5
Inventories	13			11
Other	12			15
Deferred taxes assets—total	244			253
Property, plant and equipment	(948		)	(906		)
Intangibles	(148		)	(154		)
Turnaround costs	(20		)	(8		)
Basis difference—consolidated partnerships	(202		)	(209		)
Other	(27		)	(18		)
Deferred tax liabilities—total	(1,345		)	(1,295		)
Valuation allowance	(47		)	(56		)
Total net deferred tax liabilities	$	(1,148	)	$	(1,098	)
Balance sheet classifications
Noncurrent deferred tax asset	$	11		$	13
Noncurrent deferred tax liability	(1,159		)	(1,111		)
Total net deferred tax liabilities	$	(1,148	)	$	(1,098	)