Segment Information (Notes)

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company had historically operated in two principal operating segments, Vinyls and Olefins. During the fourth quarter of 2021, the Company reorganized its business into two principal operating segments, Performance and Essential Materials and Housing and Infrastructure Products. These segments are strategic business units that offer a variety of different materials and products. The Company manages each segment separately as each business requires different technology and marketing strategies. These reporting changes have been retrospectively reflected in the segment results for all periods presented.

	Three Months Ended March 31,
	2022		2021
Net external sales
Performance and Essential Materials
Performance materials	$	1,929	$	1,204
Essential materials	903		538
Total performance and essential materials	2,832		1,742
Housing and Infrastructure Products
Housing products	972		443
Infrastructure products	252		172
Total housing and infrastructure products	1,224		615
	$	4,056	$	2,357
Intersegment sales
Performance and Essential Materials	$	248	$	162
Housing and Infrastructure Products	—		—
	$	248	$	162
Income (loss) from operations
Performance and Essential Materials	$	879	$	288
Housing and Infrastructure Products	185		71
Corporate and other	(32)		(13)
	$	1,032	$	346
Depreciation and amortization
Performance and Essential Materials	$	184	$	161
Housing and Infrastructure Products	71		32
Corporate and other	2		2
	$	257	$	195

	Three Months Ended March 31,
	2022		2021
Other income, net
Performance and Essential Materials	$	8	$	9
Housing and Infrastructure Products	2		2
Corporate and other	1		1
	$	11	$	12
Provision for (benefit from) income taxes
Performance and Essential Materials	$	202	$	62
Housing and Infrastructure Products	44		17
Corporate and other	(13)		(7)
	$	233	$	72
Capital expenditures
Performance and Essential Materials	$	221	$	127
Housing and Infrastructure Products	39		14
Corporate and other	3		—
	$	263	$	141

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

	Three Months Ended March 31,
	2022		2021
Income from operations	$	1,032	$	346
Interest expense	(46)		(33)
Other income, net	11		12
Income before income taxes	$	997	$	325

	March 31, 2022		December 31, 2021
Total assets
Performance and Essential Materials	$	13,988	$	11,938
Housing and Infrastructure Products	5,139		5,021
Corporate and other	614		1,500
	$	19,741	$	18,459