10-Q Filing

WESTLAKE CORP CIK: 1262823 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001262823-22-000043`
Period End Date	20220630
Filing Date	20220803
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	wlk-20220630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 74 Cash Flow Statement 70 Stockholders Equity 43 Comprehensive Income 36

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.91B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.32B	USD	Point-in-time
Accounts receivable, net	`ReceivablesNetCurrent`	$2.54B	USD	Point-in-time
Accounts receivable, net	`ReceivablesNetCurrent`	$1.87B	USD	Point-in-time
Inventories	`InventoryNet`	$2.02B	USD	Point-in-time
Inventories	`InventoryNet`	$1.41B	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$140.00M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$80.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.01B	USD	Point-in-time
Preferred stock, par value, in dollars per share	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value, in dollars per share	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.26B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$7.61B	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$8.30B	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$607.00M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$562.00M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value, in dollars per share	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Goodwill	`Goodwill`	$2.14B	USD	Point-in-time
Goodwill	`Goodwill`	$2.02B	USD	Point-in-time
Common stock, par value, in dollars per share	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Customer relationships, net	`FiniteLivedIntangibleAssetsNet`	$1.05B	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Customer relationships, net	`FiniteLivedIntangibleAssetsNet`	$1.08B	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Other intangible assets, net	`OtherIntangibleAssetsNet`	$497.00M	USD	Point-in-time
Other intangible assets, net	`OtherIntangibleAssetsNet`	$592.00M	USD	Point-in-time
Equity method investments	`EquityMethodInvestments`	$1.01B	USD	Point-in-time
Equity method investments	`EquityMethodInvestments`	$1.14B	USD	Point-in-time
Other assets, net	`DeferredCostsAndOtherAssets`	$527.00M	USD	Point-in-time
Other assets, net	`DeferredCostsAndOtherAssets`	$417.00M	USD	Point-in-time
Total assets	`Assets`	$20.37B	USD	Point-in-time
Total assets	`Assets`	$18.46B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$879.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.14B	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesCurrent`	$1.36B	USD	Point-in-time
Accrued and other liabilities	`AccruedLiabilitiesCurrent`	$1.20B	USD	Point-in-time
Current portion of long-term debt, net	`LongTermDebtCurrent`	$10.00M	USD	Point-in-time
Current portion of long-term debt, net	`LongTermDebtCurrent`	$269.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.51B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.34B	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$4.86B	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$4.91B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$1.68B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$1.84B	USD	Point-in-time
Pension and other post-retirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$417.00M	USD	Point-in-time
Pension and other post-retirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$291.00M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$461.00M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$494.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$273.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$243.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$10.40B	USD	Point-in-time
Total liabilities	`Liabilities`	$9.93B	USD	Point-in-time
Commitments and contingencies (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 14)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value, 300,000,000 shares authorized; 134,651,380 and 134,651,380 shares issued at June 30, 2022 and December 31, 2021, respectively	`CommonStockValue`	$1.00M	USD	Point-in-time
Common stock, $0.01 par value, 300,000,000 shares authorized; 134,651,380 and 134,651,380 shares issued at June 30, 2022 and December 31, 2021, respectively	`CommonStockValue`	$1.00M	USD	Point-in-time
Common stock, held in treasury, at cost; 6,641,307 and 6,735,639 shares at June 30, 2022 and December 31, 2021, respectively	`TreasuryStockValue`	$408.00M	USD	Point-in-time
Common stock, held in treasury, at cost; 6,641,307 and 6,735,639 shares at June 30, 2022 and December 31, 2021, respectively	`TreasuryStockValue`	$399.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$582.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$581.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$9.35B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$7.81B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-116.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-36.00M	USD	Point-in-time
Total Westlake Corporation stockholders' equity	`StockholdersEquity`	$9.40B	USD	Point-in-time
Total Westlake Corporation stockholders' equity	`StockholdersEquity`	$7.96B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$573.00M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$570.00M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.53B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.97B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.83B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.34B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.58B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.25B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$18.46B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$20.37B	USD	Point-in-time

Income Statement 74 line items

Line Item	Tag	Value	Unit	Period
Net sales	`Revenues`	$5.22B	USD	2 Qtrs
Net sales	`Revenues`	$2.86B	USD	1 Quarter
Net sales	`Revenues`	$4.48B	USD	1 Quarter
Net sales	`Revenues`	$8.54B	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$3.83B	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$3.04B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$5.81B	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$1.99B	USD	1 Quarter
Gross profit	`GrossProfit`	$872.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$1.45B	USD	1 Quarter
Gross profit	`GrossProfit`	$2.73B	USD	2 Qtrs
Gross profit	`GrossProfit`	$1.38B	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$125.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$261.00M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$220.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$420.00M	USD	2 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$43.00M	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$54.00M	USD	2 Qtrs
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$27.00M	USD	1 Quarter
Amortization of intangibles	`AmortizationOfIntangibleAssets`	$85.00M	USD	2 Qtrs
Restructuring, transaction and integration-related costs	`RestructuringTransactionandIntegrationCost`	$18.00M	USD	2 Qtrs
Restructuring, transaction and integration-related costs	`RestructuringTransactionandIntegrationCost`	$7.00M	USD	1 Quarter
Restructuring, transaction and integration-related costs	`RestructuringTransactionandIntegrationCost`	-	USD	1 Quarter
Restructuring, transaction and integration-related costs	`RestructuringTransactionandIntegrationCost`	-	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$1.18B	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$720.00M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$2.21B	USD	2 Qtrs
Income from operations	`OperatingIncomeLoss`	$1.07B	USD	2 Qtrs
Interest expense	`InterestExpense`	$69.00M	USD	2 Qtrs
Interest expense	`InterestExpense`	$90.00M	USD	2 Qtrs
Interest expense	`InterestExpense`	$44.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$36.00M	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$17.00M	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$22.00M	USD	2 Qtrs
Other income, net	`NonoperatingIncomeExpense`	$10.00M	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$28.00M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$694.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.15B	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.02B	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.15B	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$275.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$508.00M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$230.00M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$158.00M	USD	1 Quarter
Net income	`ProfitLoss`	$536.00M	USD	1 Quarter
Net income	`ProfitLoss`	$873.00M	USD	1 Quarter
Net income	`ProfitLoss`	$253.00M	USD	1 Quarter
Net income	`ProfitLoss`	$1.64B	USD	2 Qtrs
Net income	`ProfitLoss`	$764.00M	USD	1 Quarter
Net income	`ProfitLoss`	$789.00M	USD	2 Qtrs
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$14.00M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$23.00M	USD	2 Qtrs
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$15.00M	USD	1 Quarter
Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$25.00M	USD	2 Qtrs
Net income attributable to Westlake Corporation	`NetIncomeLoss`	$522.00M	USD	1 Quarter
Net income attributable to Westlake Corporation	`NetIncomeLoss`	$858.00M	USD	1 Quarter
Net income attributable to Westlake Corporation	`NetIncomeLoss`	$1.61B	USD	2 Qtrs
Net income attributable to Westlake Corporation	`NetIncomeLoss`	$764.00M	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$5.94	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$6.65	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$12.52	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$4.06	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$5.91	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$6.60	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$12.43	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$4.04	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	128.05M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	128.21M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	128.34M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	128.14M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	128.88M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	129.13M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	128.68M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	129.34M	shares	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Other Comprehensive Income (Loss), Tax, Portion Attributable to Noncontrolling Interest	`OtherComprehensiveIncomeLossTaxPortionAttributableToNoncontrollingInterest`	$1.00M	USD	1 Quarter
Other Comprehensive Income (Loss), Tax, Portion Attributable to Noncontrolling Interest	`OtherComprehensiveIncomeLossTaxPortionAttributableToNoncontrollingInterest`	$1.00M	USD	1 Quarter
Other Comprehensive Income (Loss), Tax, Portion Attributable to Noncontrolling Interest	`OtherComprehensiveIncomeLossTaxPortionAttributableToNoncontrollingInterest`	$2.00M	USD	2 Qtrs
Other Comprehensive Income (Loss), Tax, Portion Attributable to Noncontrolling Interest	`OtherComprehensiveIncomeLossTaxPortionAttributableToNoncontrollingInterest`	$1.00M	USD	2 Qtrs
Net income	`ProfitLoss`	$536.00M	USD	1 Quarter
Net income	`ProfitLoss`	$873.00M	USD	1 Quarter
Net income	`ProfitLoss`	$253.00M	USD	1 Quarter
Net income	`ProfitLoss`	$1.64B	USD	2 Qtrs
Net income	`ProfitLoss`	$764.00M	USD	1 Quarter
Net income	`ProfitLoss`	$789.00M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$397.00M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$202.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$264.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$521.00M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$16.00M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$17.00M	USD	2 Qtrs
Loss from disposition and write-off of property, plant and equipment	`GainLossOnDispositionOfAssets`	$-18.00M	USD	2 Qtrs
Loss from disposition and write-off of property, plant and equipment	`GainLossOnDispositionOfAssets`	$-7.00M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$81.00M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$24.00M	USD	2 Qtrs
Other losses (gains), net	`OtherOperatingActivitiesCashFlowStatement`	$17.00M	USD	2 Qtrs
Other losses (gains), net	`OtherOperatingActivitiesCashFlowStatement`	$22.00M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsAndOtherReceivables`	$345.00M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsAndOtherReceivables`	$416.00M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$299.00M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$55.00M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$40.00M	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$39.00M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$112.00M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$132.00M	USD	2 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$4.00M	USD	2 Qtrs
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$66.00M	USD	2 Qtrs
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$70.00M	USD	2 Qtrs
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$101.00M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$882.00M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.61B	USD	2 Qtrs
Acquisition of business, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	2 Qtrs
Acquisition of business, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$1.16B	USD	2 Qtrs
Additions to investments in unconsolidated subsidiaries	`ReturnOfAdditionsToInvestmentFromUnconsolidatedSubsidiaries`	$9.00M	USD	2 Qtrs
Additions to investments in unconsolidated subsidiaries	`ReturnOfAdditionsToInvestmentFromUnconsolidatedSubsidiaries`	$156.00M	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$270.00M	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$493.00M	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-15.00M	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-9.00M	USD	2 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-264.00M	USD	2 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.80B	USD	2 Qtrs
Distributions to noncontrolling interests	`PaymentsOfDividendsMinorityInterest`	$24.00M	USD	2 Qtrs
Distributions to noncontrolling interests	`PaymentsOfDividendsMinorityInterest`	$22.00M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$77.00M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$69.00M	USD	2 Qtrs
Repayment of senior notes	`RepaymentsOfLongTermDebt`	-	USD	2 Qtrs
Repayment of senior notes	`RepaymentsOfLongTermDebt`	$250.00M	USD	2 Qtrs
Repurchase of common stock for treasury	`PaymentsForRepurchaseOfCommonStock`	$31.00M	USD	2 Qtrs
Repurchase of common stock for treasury	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$19.00M	USD	2 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$5.00M	USD	2 Qtrs
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-377.00M	USD	2 Qtrs
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-72.00M	USD	2 Qtrs
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-30.00M	USD	2 Qtrs
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-4.00M	USD	2 Qtrs
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$542.00M	USD	2 Qtrs
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-597.00M	USD	2 Qtrs
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.88B	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.94B	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.34B	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.34B	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.88B	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.94B	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.34B	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.34B	USD	Point-in-time

Stockholders Equity 43 line items

Line Item	Tag	Value	Unit	Period
Beginning balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.53B	USD	Point-in-time
Beginning balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.97B	USD	Point-in-time
Beginning balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.83B	USD	Point-in-time
Beginning balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.34B	USD	Point-in-time
Beginning balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.58B	USD	Point-in-time
Beginning balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.25B	USD	Point-in-time
Net income	`ProfitLoss`	$536.00M	USD	1 Quarter
Net income	`ProfitLoss`	$873.00M	USD	1 Quarter
Net income	`ProfitLoss`	$253.00M	USD	1 Quarter
Net income	`ProfitLoss`	$1.64B	USD	2 Qtrs
Net income	`ProfitLoss`	$764.00M	USD	1 Quarter
Net income	`ProfitLoss`	$789.00M	USD	2 Qtrs
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$8.00M	USD	2 Qtrs
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-7.00M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-73.00M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$15.00M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-84.00M	USD	2 Qtrs
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$-11.00M	USD	1 Quarter
Shares issuedstock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$9.00M	USD	1 Quarter
Shares issuedstock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$10.00M	USD	1 Quarter
Shares issuedstock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.00M	USD	1 Quarter
Shares issuedstock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$6.00M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.00M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$7.00M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$9.00M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$8.00M	USD	1 Quarter
Dividends declared	`DividendsCommonStockCash`	$34.00M	USD	1 Quarter
Dividends declared	`DividendsCommonStockCash`	$38.00M	USD	1 Quarter
Dividends declared	`DividendsCommonStockCash`	$39.00M	USD	1 Quarter
Dividends declared	`DividendsCommonStockCash`	$35.00M	USD	1 Quarter
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$11.00M	USD	1 Quarter
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$14.00M	USD	1 Quarter
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$10.00M	USD	1 Quarter
Distributions to noncontrolling interests	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$11.00M	USD	1 Quarter
Noncontrolling interests	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$30.00M	USD	1 Quarter
Noncontrolling interests	`NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance`	$2.00M	USD	1 Quarter
Ending balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$8.53B	USD	Point-in-time
Ending balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.97B	USD	Point-in-time
Ending balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.83B	USD	Point-in-time
Ending balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$7.34B	USD	Point-in-time
Ending balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.58B	USD	Point-in-time
Ending balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$9.25B	USD	Point-in-time
Common stock repurchased	`TreasuryStockValueAcquiredCostMethod`	$41.00M	USD	1 Quarter

Comprehensive Income 36 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$536.00M	USD	1 Quarter
Net income	`ProfitLoss`	$873.00M	USD	1 Quarter
Net income	`ProfitLoss`	$253.00M	USD	1 Quarter
Net income	`ProfitLoss`	$1.64B	USD	2 Qtrs
Net income	`ProfitLoss`	$764.00M	USD	1 Quarter
Net income	`ProfitLoss`	$789.00M	USD	2 Qtrs
Pension and other post-retirement benefits reserves adjustment	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax`	$-1.00M	USD	1 Quarter
Pension and other post-retirement benefits reserves adjustment	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax`	-	USD	1 Quarter
Pension and other post-retirement benefits reserves adjustment	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax`	-	USD	2 Qtrs
Pension and other post-retirement benefits reserves adjustment	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax`	$-1.00M	USD	2 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$12.00M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$15.00M	USD	2 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$-61.00M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax`	$-69.00M	USD	2 Qtrs
Income tax benefit (provision) on foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$13.00M	USD	1 Quarter
Income tax benefit (provision) on foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-3.00M	USD	1 Quarter
Income tax benefit (provision) on foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$16.00M	USD	2 Qtrs
Income tax benefit (provision) on foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$7.00M	USD	2 Qtrs
Other comprehensive income (loss), net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$8.00M	USD	2 Qtrs
Other comprehensive income (loss), net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$-7.00M	USD	1 Quarter
Other comprehensive income (loss), net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$-73.00M	USD	1 Quarter
Other comprehensive income (loss), net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$15.00M	USD	1 Quarter
Other comprehensive income (loss), net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$-84.00M	USD	2 Qtrs
Other comprehensive income (loss), net of income taxes	`OtherComprehensiveIncomeLossNetOfTax`	$-11.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$797.00M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.55B	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$551.00M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$800.00M	USD	1 Quarter
Comprehensive income attributable to noncontrolling interests, net of tax of $1 and $1 for the three months ended June 30, 2022 and 2021; and net of tax of $2 and $1 for the six months ended June 30, 2022 and 2021, respectively	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$25.00M	USD	2 Qtrs
Comprehensive income attributable to noncontrolling interests, net of tax of $1 and $1 for the three months ended June 30, 2022 and 2021; and net of tax of $2 and $1 for the six months ended June 30, 2022 and 2021, respectively	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$15.00M	USD	1 Quarter
Comprehensive income attributable to noncontrolling interests, net of tax of $1 and $1 for the three months ended June 30, 2022 and 2021; and net of tax of $2 and $1 for the six months ended June 30, 2022 and 2021, respectively	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$13.00M	USD	1 Quarter
Comprehensive income attributable to noncontrolling interests, net of tax of $1 and $1 for the three months ended June 30, 2022 and 2021; and net of tax of $2 and $1 for the six months ended June 30, 2022 and 2021, respectively	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$19.00M	USD	2 Qtrs
Comprehensive income attributable to Westlake Corporation	`ComprehensiveIncomeNetOfTax`	$772.00M	USD	2 Qtrs
Comprehensive income attributable to Westlake Corporation	`ComprehensiveIncomeNetOfTax`	$787.00M	USD	1 Quarter
Comprehensive income attributable to Westlake Corporation	`ComprehensiveIncomeNetOfTax`	$1.53B	USD	2 Qtrs
Comprehensive income attributable to Westlake Corporation	`ComprehensiveIncomeNetOfTax`	$536.00M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.