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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Net sales $ 1,709 $ 2,144 $ 3,641 $ 4,169
Cost of sales 1,540 1,804 3,189 3,530
Gross profit 169 340 452 639
Selling, general and administrative expenses 104 117 224 233
Amortization of intangibles 27 27 54 54
Restructuring, transaction and integration-related costs 2 2 2 24
Income from operations 36 194 172 328
Other income (expense)        
Interest expense (40) (28) (71) (58)
Other income, net 9 2 20 11
Income before income taxes 5 168 121 281
Provision for (benefit from) income taxes (19) 39 (60) 70
Net income 24 129 181 211
Net income attributable to noncontrolling interests 9 10 21 20
Net income attributable to Westlake Chemical Corporation $ 15 $ 119 $ 160 $ 191
Earnings per common share attributable to Westlake Chemical Corporation:        
Basic (in dollars per share) $ 0.11 $ 0.92 $ 1.24 $ 1.48
Diluted (in dollars per share) $ 0.11 $ 0.92 $ 1.24 $ 1.47
Weighted average common shares outstanding:        
Basic (in shares) 127,680,478 128,485,182 127,958,921 128,506,712
Diluted (in shares) 127,823,629 128,850,335 128,133,300 128,881,952