Segment Information (Notes)

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company operates in two principal operating segments: Vinyls and Olefins. 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 September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Net external sales
Vinyls
PVC, caustic soda and other	$	1,834	$	1,116	$	4,950	$	3,333
Building products	514		413		1,406		1,049
Total Vinyls	2,348		1,529		6,356		4,382
Olefins
Polyethylene	559		302		1,488		914
Styrene, feedstock and other	148		67		427		243
Total Olefins	707		369		1,915		1,157
	$	3,055	$	1,898	$	8,271	$	5,539
Intersegment sales
Vinyls	$	—	$	—	$	—	$	1
Olefins	163		79		447		183
	$	163	$	79	$	447	$	184
Income (loss) from operations
Vinyls	$	601	$	42	$	1,236	$	135
Olefins	281		51		738		138
Corporate and other	(21)		(14)		(47)		(22)
	$	861	$	79	$	1,927	$	251
Depreciation and amortization
Vinyls	$	166	$	160	$	486	$	467
Olefins	36		34		109		104
Corporate and other	1		2		5		6
	$	203	$	196	$	600	$	577
Other income, net
Vinyls	$	10	$	7	$	27	$	21
Olefins	—		1		2		2
Corporate and other	3		4		6		9
	$	13	$	12	$	35	$	32
Provision for (benefit from) income taxes
Vinyls	$	141	$	(25)	$	279	$	(121)
Olefins	66		4		170		41
Corporate and other	(14)		6		(26)		5
	$	193	$	(15)	$	423	$	(75)

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Capital expenditures
Vinyls	$	124	$	94	$	346	$	338
Olefins	19		16		66		60
Corporate and other	1		2		2		5
	$	144	$	112	$	414	$	403

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Income from operations	$	861	$	79	$	1,927	$	251
Interest expense	(61)		(37)		(130)		(108)
Other income, net	13		12		35		32
Income before income taxes	$	813	$	54	$	1,832	$	175

	September 30, 2021		December 31, 2020
Total assets
Vinyls	$	11,655	$	10,680
Olefins	2,153		1,923
Corporate and other	3,300		1,232
	$	17,108	$	13,835