Acquisitions (Tables)

12 Months Ended

Dec. 31, 2022

Business Combinations [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	22
Property, plant and equipment	665
Operating lease right-of-use assets	59
Intangible assets	145
Other assets	104
Total assets acquired	1,682
Accounts payable	189
Accrued and other liabilities	84
Deferred income taxes	97
Pensions and other post-retirement benefits	163
Operating lease liabilities	48
Other liabilities	19
Total liabilities assumed	600
Total identifiable net assets acquired	1,082
Noncontrolling interest	(2)
Goodwill	127
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 purchase consideration	$	2,140

Business Acquisition, Pro Forma Information

The following unaudited pro forma summary presents the results of operations of the Company as if the acquisition of Westlake Epoxy occurred on January 1, 2021:

	2022		2021
Revenues	$	15,954	$	13,385
Net income attributable to Westlake Corporation	$	2,317	$	2,181