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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Net sales $ 1,898 $ 2,066 $ 5,539 $ 6,235
Cost of sales 1,650 1,695 4,839 5,225
Gross profit 248 371 700 1,010
Selling, general and administrative expenses 108 110 332 343
Amortization of intangibles 27 27 81 81
Restructuring, transaction and integration-related costs 34 8 36 32
Income from operations 79 226 251 554
Other income (expense)        
Interest expense (37) (31) (108) (89)
Other income, net 12 21 32 32
Income before income taxes 54 216 175 497
Provision for (benefit from) income taxes (15) 50 (75) 120
Net income 69 166 250 377
Net income attributable to noncontrolling interests 12 8 33 28
Net income attributable to Westlake Chemical Corporation $ 57 $ 158 $ 217 $ 349
Earnings per common share attributable to Westlake Chemical Corporation:        
Basic (in dollars per share) $ 0.45 $ 1.22 $ 1.69 $ 2.70
Diluted (in dollars per share) $ 0.45 $ 1.22 $ 1.69 $ 2.69
Weighted average common shares outstanding:        
Basic (in shares) 127,701,340 128,216,105 127,872,434 128,408,841
Diluted (in shares) 127,953,907 128,552,360 128,073,066 128,770,944