XML 22 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Income Statement [Abstract]    
Net sales $ 1,932 $ 2,025
Cost of sales 1,649 1,726
Gross profit 283 299
Selling, general and administrative expenses 120 116
Amortization of intangibles 27 27
Restructuring, transaction and integration-related costs 0 22
Income from operations 136 134
Other income (expense)    
Interest expense (31) (30)
Other income, net 11 9
Income before income taxes 116 113
Provision for (benefit from) income taxes (41) 31
Net income 157 82
Net income attributable to noncontrolling interests 12 10
Net income attributable to Westlake Chemical Corporation $ 145 $ 72
Earnings per common share attributable to Westlake Chemical Corporation:    
Basic (in dollars per share) $ 1.13 $ 0.56
Diluted (in dollars per share) $ 1.13 $ 0.55
Weighted average common shares outstanding:    
Basic (in shares) 128,237,364 128,528,480
Diluted (in shares) 128,442,972 128,913,921