Earnings and Dividends per Share (Tables)

9 Months Ended

Sep. 30, 2022

Earnings and Dividends Per Share [Abstract]

Schedule Of Net Income Attributable To Common Stockholders

Diluted earnings per share include the effects of certain stock options and performance stock units.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Net income attributable to Westlake Corporation	$	401	$	607	$	2,015	$	1,371
Less:
Net income attributable to participating securities	(2)		(3)		(10)		(7)
Net income attributable to common shareholders	$	399	$	604	$	2,005	$	1,364

Reconciliation Of Denominator For Basic And Diluted Earnings Per Share

The following table reconciles the denominator for the basic and diluted earnings per share computations shown in the consolidated statements of operations:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Weighted average common shares—basic	127,943,400		128,060,193		128,118,160		128,053,337
Plus incremental shares from:
Assumed exercise of options and vesting of performance stock units	803,612		705,621		885,590		656,760
Weighted average common shares—diluted	128,747,012		128,765,814		129,003,750		128,710,097
Earnings per common share attributable to Westlake Corporation:
Basic	$	3.12	$	4.71	$	15.65	$	10.65
Diluted	$	3.10	$	4.69	$	15.54	$	10.60

Dividends Per Share

Dividends per Share

Dividends per common share for the three and nine months ended September 30, 2022 and 2021 were as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Dividends per common share	$	0.3570	$	0.2975	$	0.9520	$	0.8375