Acquisitions (Tables)

9 Months Ended

Sep. 30, 2022

Business Combination and Asset Acquisition [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The information below represents the purchase price allocation:

Cash	$	42
Accounts receivable	299
Inventories	346
Prepaid expenses and other current assets	24
Property, plant and equipment	660
Operating lease right-of-use assets	59
Intangible assets	145
Other assets	104
Total assets acquired	1,679
Accounts payable	189
Accrued and other liabilities	84
Deferred income taxes	95
Pensions and other post-retirement benefits	163
Operating lease liabilities	48
Other liabilities	19
Total liabilities assumed	598
Total identifiable net assets acquired	1,081
Noncontrolling interest	(2)
Goodwill	128
Total Westlake Corporation purchase consideration	$	1,207

The information below represents the final purchase price allocation:

Cash	$	5
Accounts receivable	119
Inventories	156
Prepaid expenses and other current assets	3
Property, plant and equipment	482
Operating lease right-of-use assets	87
Intangible assets	952
Other assets	18
Total assets acquired	1,822
Accounts payable	46
Accrued and other liabilities	105
Deferred income taxes	243
Operating lease liabilities	73
Other liabilities	2
Total liabilities assumed	469
Total identifiable net assets acquired	1,353
Goodwill	787
Total Westlake Corporation purchase consideration	$	2,140

Business Acquisition, Pro Forma Information

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Net sales	$	3,956	$	3,508	$	12,654	$	9,457
Net income attributable to Westlake Corporation	$	401	$	678	$	2,086	$	1,468