Segment Information (Notes)

3 Months Ended

Mar. 31, 2020

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 March 31,
	2020		2019
Net external sales
Olefins
Polyethylene	$	310	$	337
Styrene, feedstock and other	117		122
Total Olefins	427		459
Vinyls
PVC, caustic soda and other	1,213		1,307
Building products	292		259
Total Vinyls	1,505		1,566
	$	1,932	$	2,025

Intersegment sales
Olefins	$	68	$	92
Vinyls	—		—
	$	68	$	92



	Three Months Ended March 31,
	2020			2019
Income (loss) from operations
Olefins	$	62		$	37
Vinyls	73			101
Corporate and other	1			(4		)
	$	136		$	134

Depreciation and amortization
Olefins	$	35		$	35
Vinyls	153			134
Corporate and other	2			2
	$	190		$	171

Other income, net
Olefins	$	1		$	2
Vinyls	6			4
Corporate and other	4			3
	$	11		$	9

Provision for (benefit from) income taxes
Olefins	$	41		$	9
Vinyls	(78		)	23
Corporate and other	(4		)	(1		)
	$	(41	)	$	31

Capital expenditures
Olefins	$	27		$	25
Vinyls	136			177
Corporate and other	1			1
	$	164		$	203

A reconciliation of total segment income from operations to consolidated income before income taxes is as follows:



	Three Months Ended March 31,
	2020			2019
Income from operations	$	136		$	134
Interest expense	(31		)	(30		)
Other income, net	11			9
Income before income taxes	$	116		$	113



	March 31, 2020		December 31, 2019
Total assets
Olefins	$	1,978	$	1,991
Vinyls	10,434		10,597
Corporate and other	1,751		673
	$	14,163	$	13,261