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Segment Information
 6 Months Ended
Jun. 30, 2013
Segment Reporting [Abstract]  
Segment Information
Segment Information
The Company operates in two principal business segments: Olefins and Vinyls. These segments are strategic business units that offer a variety of different products. The Company manages each segment separately as each business requires different technology and marketing strategies.
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2013
 
2012
 
2013
 
2012
Net external sales
 
 
 
 
 
 
 
 
Olefins
 
 
 
 
 
 
 
 
Polyethylene
 
$
413,693

 
$
398,023

 
$
834,461

 
$
843,443

Styrene, feedstock and other
 
209,648

 
274,696

 
371,725

 
561,547

Total Olefins
 
623,341

 
672,719

 
1,206,186

 
1,404,990

Vinyls
 
 
 
 
 
 
 
 
PVC, caustic soda and other
 
205,104

 
163,623

 
400,350

 
378,006

Building products
 
110,602

 
77,616

 
197,158

 
165,829

Total Vinyls
 
315,706

 
241,239

 
597,508

 
543,835

 
 
$
939,047

 
$
913,958

 
$
1,803,694

 
$
1,948,825

 
 
 
 
 
 
 
 
 
Intersegment sales
 
 
 
 
 
 
 
 
Olefins
 
$
74,870

 
$
69,443

 
$
145,153

 
$
170,900

Vinyls
 
444

 
388

 
708

 
776

 
 
$
75,314

 
$
69,831

 
$
145,861

 
$
171,676

 
 
 
 
 
 
 
 
 
Income (loss) from operations
 
 
 
 
 
 
 
 
Olefins
 
$
187,661

 
$
155,891

 
$
348,719

 
$
285,098

Vinyls
 
52,906

 
22,583

 
96,569

 
43,665

Corporate and other
 
(5,340
)
 
(7,496
)
 
(16,006
)
 
(12,160
)
 
 
$
235,227

 
$
170,978

 
$
429,282

 
$
316,603

 
 
 
 
 
 
 
 
 
Depreciation and amortization
 
 
 
 
 
 
 
 
Olefins
 
$
26,554

 
$
24,070

 
$
49,900

 
$
47,833

Vinyls
 
13,534

 
11,589

 
25,418

 
23,098

Corporate and other
 
122

 
124

 
248

 
246

 
 
$
40,210

 
$
35,783

 
$
75,566

 
$
71,177

 
 
 
 
 
 
 
 
 
Other income (expense), net
 
 
 
 
 
 
 
 
Olefins
 
$
1,151

 
$
1,001

 
$
5,162

 
$
1,957

Vinyls
 
(520
)
 
(272
)
 
(946
)
 
(31
)
Corporate and other
 
(726
)
 
378

 
(792
)
 
528

 
 
$
(95
)
 
$
1,107

 
$
3,424

 
$
2,454

 
 
 
 
 
 
 
 
 
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2013
 
2012
 
2013
 
2012
Provision for (benefit from) income taxes
 
 
 
 
 
 
 
 
Olefins
 
$
70,140

 
$
52,345

 
$
125,617

 
$
94,520

Vinyls
 
19,690

 
6,417

 
33,410

 
12,433

Corporate and other
 
(5,857
)
 
2,203

 
(7,108
)
 
994

 
 
$
83,973

 
$
60,965

 
$
151,919

 
$
107,947

 
 
 
 
 
 
 
 
 
Capital expenditures
 
 
 
 
 
 
 
 
Olefins
 
$
28,040

 
$
27,821

 
$
78,080

 
$
45,302

Vinyls
 
118,983

 
45,994

 
219,300

 
92,834

Corporate and other
 
66

 
1,851

 
493

 
2,432

 
 
$
147,089

 
$
75,666

 
$
297,873

 
$
140,568

A reconciliation of total segment income from operations to consolidated income before income taxes is as follows:
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2013
 
2012
 
2013
 
2012
Income from operations
 
$
235,227

 
$
170,978

 
$
429,282

 
$
316,603

Interest expense
 
(5,343
)
 
(11,571
)
 
(11,624
)
 
(23,748
)
Gain from sales of equity securities
 
—

 
15,952

 
—

 
15,952

Other (expense) income, net
 
(95
)
 
1,107

 
3,424

 
2,454

Income before income taxes
 
$
229,789

 
$
176,466

 
$
421,082

 
$
311,261


 
 
June 30,
2013
 
December 31,
2012
Total assets
 
 
 
 
Olefins
 
$
1,561,993

 
$
1,439,308

Vinyls
 
1,421,784

 
1,030,912

Corporate and other
 
724,558

 
941,976

 
 
$
3,708,335

 
$
3,412,196