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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 1,537 $ 728
Accounts receivable, net 1,265 1,036
Inventories 934 936
Prepaid expenses and other current assets 32 42
Total current assets 3,768 2,742
Property, plant and equipment, net 6,883 6,912
Operating lease right-of-use assets 432 443
Goodwill 1,065 1,074
Customer relationships, net 497 523
Other intangible assets, net 180 187
Equity method investments 1,065 1,112
Other assets, net 273 268
Total assets 14,163 13,261
Current liabilities    
Accounts payable 431 473
Accrued and other liabilities 593 768
Total current liabilities 1,024 1,241
Long-term debt, net 4,432 3,445
Deferred income taxes 1,386 1,255
Pension and other post-retirement benefits 352 360
Operating lease liabilities 346 355
Other liabilities 185 202
Total liabilities 7,725 6,858
Commitments and contingencies (Note 13)
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 March 31, 2020 and December 31, 2019, respectively 1 1
Common stock, held in treasury, at cost; 6,979,662 and 6,266,609 shares at March 31, 2020 and December 31, 2019, respectively (413) (377)
Additional paid-in capital 551 553
Retained earnings 5,860 5,757
Accumulated other comprehensive loss (106) (74)
Total Westlake Chemical Corporation stockholders' equity 5,893 5,860
Noncontrolling interests 545 543
Total equity 6,438 6,403
Total liabilities and equity $ 14,163 $ 13,261