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Quarterly Financial Information (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Summary Of Quarterly Financial Information
 
 
Three Months Ended
 
 
March 31,
2019
 
June 30,
2019
 
September 30,
2019
 
December 31,
2019
Net sales
 
$
2,025

 
$
2,144

 
$
2,066

 
$
1,883

Gross profit
 
299

 
340

 
371

 
250

Income from operations
 
134

 
194

 
226

 
102

Net income
 
82

 
129

 
166

 
85

Net income attributable to Westlake Chemical Corporation
 
72

 
119

 
158

 
72

Earnings per common share attributable to Westlake Chemical Corporation:
 
 
 
 
 
 
 
 
Basic
 
$
0.56

 
$
0.92

 
$
1.22

 
$
0.56

Diluted
 
$
0.55

 
$
0.92

 
$
1.22

 
$
0.56

 
 
 
 
 
 
 
 
 
 
 
Three Months Ended
 
 
March 31,
2018
 
June 30,
2018
 
September 30,
2018
 
December 31,
2018
Net sales
 
$
2,150

 
$
2,235

 
$
2,255

 
$
1,995

Gross profit
 
542

 
552

 
539

 
354

Income from operations
 
401

 
404

 
396

 
207

Net income
 
297

 
288

 
318

 
131

Net income attributable to Westlake Chemical Corporation
 
287

 
278

 
308

 
123

Earnings per common share attributable to Westlake Chemical Corporation: (1)
 
 
 
 
 
 
 
 
Basic
 
$
2.21

 
$
2.13

 
$
2.36

 
$
0.95

Diluted
 
$
2.20

 
$
2.12

 
$
2.35

 
$
0.95


______________________________
(1)
Basic and diluted earnings per common share ("EPS") for each quarter is computed using the weighted average shares outstanding during that quarter, while EPS for the year is computed using the weighted average shares outstanding for the year. As a result, the sum of the EPS for each of the four quarters may not equal the EPS for the year.