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Acquisitions (Tables)
12 Months Ended
Oct. 01, 2021
Dec. 31, 2021
Business Combinations [Abstract]    
Purchase Consideration Table
Base purchase price$2,150 
Net working capital adjustment(2)
Closing indebtedness (16)
Total purchase price consideration $2,132 
 
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed  
Cash$
Accounts receivable119 
Inventories156 
Prepaid expenses and other current assets
Property, plant and equipment489 
Operating lease right-of-use assets87 
Intangible assets952 
Other assets18 
Total assets acquired1,829 
Accounts payable46 
Accrued and other liabilities103 
Deferred income taxes244 
Operating lease liabilities73 
Other liabilities
Total liabilities assumed468 
Total identifiable net assets acquired1,361 
Goodwill771 
Total purchase consideration$2,132 
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination

Fair ValueRemaining Useful Life
(in years)
Trade name
$200 
21 - 22
Technology
107 
20 - 22
Customer relationships
645 
12 - 22
Total Identified Intangible Assets
$952 
 
Business Acquisition, Pro Forma Information  
20212020
Revenues
$12,653 $8,553 
Net income attributable to Westlake Corporation
$2,035 $268