XML 73 R63.htm IDEA: XBRL DOCUMENT v3.10.0.1
Guarantor Disclosures (Condensed Consolidating Financial Information Balance Sheets) (Details) - USD ($)
$ in Millions
Jun. 30, 2018
Dec. 31, 2017
Jun. 30, 2017
Dec. 31, 2016
Condensed Financial Statements, Captions [Line Items]        
Cash and cash equivalents $ 482 $ 1,531    
Accounts receivable, net 1,261 1,001    
Inventories 905 900    
Prepaid expenses and other current assets 46 31    
Total current assets 2,694 3,463    
Property, plant and equipment, net 6,468 6,412    
Goodwill 1,006 1,012    
Customer relationships, net 569 616    
Other intangible assets, net 149 161    
Other assets, net 460 412    
Total assets 11,346 12,076    
Accounts payable 582 600    
Accrued liabilities 604 657    
Current portion of long-term debt, net 0 710    
Total current liabilities 1,186 1,967    
Long-term debt, net 2,666 3,127    
Deferred income taxes 1,153 1,111    
Pension and other liabilities 495 502    
Total liabilities 5,500 6,707    
Total Westlake Chemical Corporation stockholders' equity 5,362 4,874    
Noncontrolling interests 484 495    
Total equity 5,846 5,369 $ 4,209 $ 3,892
Total liabilities and equity 11,346 12,076    
Eliminations [Member]        
Condensed Financial Statements, Captions [Line Items]        
Cash and cash equivalents 0 0    
Accounts receivable, net (9,856) (7,038)    
Inventories 0 0    
Prepaid expenses and other current assets (174) (79)    
Total current assets (10,030) (7,117)    
Property, plant and equipment, net 0 0    
Goodwill 0 0    
Customer relationships, net 0 0    
Other intangible assets, net 0 0    
Other assets, net (12,840) (12,363)    
Total assets (22,870) (19,480)    
Accounts payable (9,680) (6,855)    
Accrued liabilities (348) (262)    
Current portion of long-term debt, net   0    
Total current liabilities (10,028) (7,117)    
Long-term debt, net (4,375) (4,369)    
Deferred income taxes (13) (7)    
Pension and other liabilities 0 0    
Total liabilities (14,416) (11,493)    
Total Westlake Chemical Corporation stockholders' equity (8,454) (7,987)    
Noncontrolling interests 0 0    
Total equity (8,454) (7,987)    
Total liabilities and equity (22,870) (19,480)    
Westlake Chemical Corporation [Member]        
Condensed Financial Statements, Captions [Line Items]        
Cash and cash equivalents 258 1,089    
Accounts receivable, net 4,963 3,331    
Inventories 0 0    
Prepaid expenses and other current assets 158 52    
Total current assets 5,379 4,472    
Property, plant and equipment, net 0 0    
Goodwill 0 0    
Customer relationships, net 0 0    
Other intangible assets, net 0 0    
Other assets, net 11,188 10,706    
Total assets 16,567 15,178    
Accounts payable 8,356 6,367    
Accrued liabilities 183 189    
Current portion of long-term debt, net   710    
Total current liabilities 8,539 7,266    
Long-term debt, net 2,656 3,034    
Deferred income taxes 0 0    
Pension and other liabilities 10 4    
Total liabilities 11,205 10,304    
Total Westlake Chemical Corporation stockholders' equity 5,362 4,874    
Noncontrolling interests 0 0    
Total equity 5,362 4,874    
Total liabilities and equity 16,567 15,178    
100% Owned Guarantor Subsidiaries [Member]        
Condensed Financial Statements, Captions [Line Items]        
Cash and cash equivalents 40 57    
Accounts receivable, net 5,488 4,128    
Inventories 651 654    
Prepaid expenses and other current assets 39 27    
Total current assets 6,218 4,866    
Property, plant and equipment, net 4,466 4,374    
Goodwill 855 855    
Customer relationships, net 447 479    
Other intangible assets, net 81 88    
Other assets, net 800 798    
Total assets 12,867 11,460    
Accounts payable 1,675 864    
Accrued liabilities 514 484    
Current portion of long-term debt, net   0    
Total current liabilities 2,189 1,348    
Long-term debt, net 4,161 4,242    
Deferred income taxes 1,072 1,026    
Pension and other liabilities 336 347    
Total liabilities 7,758 6,963    
Total Westlake Chemical Corporation stockholders' equity 5,109 4,497    
Noncontrolling interests 0 0    
Total equity 5,109 4,497    
Total liabilities and equity 12,867 11,460    
Non-Guarantor Subsidiaries [Member]        
Condensed Financial Statements, Captions [Line Items]        
Cash and cash equivalents 184 385    
Accounts receivable, net 666 580    
Inventories 254 246    
Prepaid expenses and other current assets 23 31    
Total current assets 1,127 1,242    
Property, plant and equipment, net 2,002 2,038    
Goodwill 151 157    
Customer relationships, net 122 137    
Other intangible assets, net 68 73    
Other assets, net 1,312 1,271    
Total assets 4,782 4,918    
Accounts payable 231 224    
Accrued liabilities 255 246    
Current portion of long-term debt, net   0    
Total current liabilities 486 470    
Long-term debt, net 224 220    
Deferred income taxes 94 92    
Pension and other liabilities 149 151    
Total liabilities 953 933    
Total Westlake Chemical Corporation stockholders' equity 3,345 3,490    
Noncontrolling interests 484 495    
Total equity 3,829 3,985    
Total liabilities and equity $ 4,782 $ 4,918