Segment Information (Notes)

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company operates in two principal operating segments: Vinyls and Olefins. 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 September 30,						Nine Months Ended September 30,
	2020			2019			2020			2019
Net external sales
Vinyls
PVC, caustic soda and other	$	1,116		$	1,253		$	3,333		$	3,879
Building products	413			365			1,049			972
Total Vinyls	1,529			1,618			4,382			4,851
Olefins
Polyethylene	302			315			914			997
Styrene, feedstock and other	67			133			243			387
Total Olefins	369			448			1,157			1,384
	$	1,898		$	2,066		$	5,539		$	6,235
Intersegment sales
Vinyls	$	—		$	—		$	1		$	1
Olefins	79			72			183			238
	$	79		$	72		$	184		$	239
Income (loss) from operations
Vinyls	$	42		$	153		$	135		$	383
Olefins	51			92			138			211
Corporate and other	(14		)	(19		)	(22		)	(40		)
	$	79		$	226		$	251		$	554
Depreciation and amortization
Vinyls	$	160		$	141		$	467		$	413
Olefins	34			35			104			106
Corporate and other	2			2			6			6
	$	196		$	178		$	577		$	525
Other income, net
Vinyls	$	7		$	12		$	21		$	18
Olefins	1			1			2			4
Corporate and other	4			8			9			10
	$	12		$	21		$	32		$	32
Provision for (benefit from) income taxes
Vinyls	$	(25	)	$	31		$	(121	)	$	76
Olefins	4			18			41			45
Corporate and other	6			1			5			(1		)
	$	(15	)	$	50		$	(75	)	$	120

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Capital expenditures
Vinyls	$	94	$	165	$	338	$	511
Olefins	16		25		60		87
Corporate and other	2		3		5		6
	$	112	$	193	$	403	$	604

A reconciliation of total segment income from operations to consolidated income before income taxes is as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2020			2019			2020			2019
Income from operations	$	79		$	226		$	251		$	554
Interest expense	(37		)	(31		)	(108		)	(89		)
Other income, net	12			21			32			32
Income before income taxes	$	54		$	216		$	175		$	497

	September 30, 2020		December 31, 2019
Total assets
Vinyls	$	10,419	$	10,597
Olefins	1,906		1,991
Corporate and other	1,369		673
	$	13,694	$	13,261