XML 12 R2.htm IDEA: XBRL DOCUMENT v3.25.2
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 2,085 $ 2,919
Available-for-sale securities 192 0
Accounts receivable, net 1,832 1,483
Inventories 1,731 1,697
Prepaid expenses and other current assets 106 115
Total current assets 5,946 6,214
Property, plant and equipment, net 8,827 8,633
Operating lease right-of-use assets 824 801
Goodwill 2,044 2,031
Customer relationships, net 785 820
Other intangible assets, net 454 462
Equity method investments 1,074 1,081
Other assets, net 852 708
Total assets 20,806 20,750
Current liabilities    
Accounts payable 926 851
Accrued and other liabilities 1,477 1,368
Total current liabilities 2,403 2,219
Long-term debt, net 4,654 4,556
Deferred income taxes 1,524 1,553
Pension and other post-retirement benefits 325 304
Operating lease liabilities 731 713
Other liabilities 378 362
Total liabilities 10,015 9,707
Commitments and contingencies (Note 13)
Stockholders' equity    
Preferred stock, $0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding 0 0
Common stock, $0.01 par value, 300,000,000 shares authorized; 134,651,380 and 134,651,380 shares issued at June 30, 2025 and December 31, 2024, respectively 1 1
Common stock, held in treasury, at cost; 6,412,294 and 6,424,366 shares at June 30, 2025 and December 31, 2024, respectively (484) (467)
Additional paid-in capital 662 656
Retained earnings 10,163 10,481
Accumulated other comprehensive loss (64) (144)
Total Westlake Corporation stockholders' equity 10,278 10,527
Noncontrolling interests 513 516
Total equity 10,791 11,043
Total liabilities and equity $ 20,806 $ 20,750