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10-Q Filing

WESTLAKE CORP CIK: 1262823 Q1 2024
Filing Information
Form Type 10-Q
Accession Number 0001262823-24-000025
Period End Date 20240331
Filing Date 20240502
Fiscal Year 2024
Fiscal Period Q1
XBRL Instance wlk-20240331_htm.xml
Balance Sheet 164 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $3.30B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $3.30B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $3.11B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $3.11B USD Point-in-time
Accounts receivable, net ReceivablesNetCurrent $1.60B USD Point-in-time
Accounts receivable, net ReceivablesNetCurrent $1.60B USD Point-in-time
Accounts receivable, net ReceivablesNetCurrent $1.69B USD Point-in-time
Accounts receivable, net ReceivablesNetCurrent $1.69B USD Point-in-time
Inventories InventoryNet $1.66B USD Point-in-time
Inventories InventoryNet $1.66B USD Point-in-time
Inventories InventoryNet $1.62B USD Point-in-time
Inventories InventoryNet $1.62B USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $82.00M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $82.00M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $66.00M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $66.00M USD Point-in-time
Total current assets AssetsCurrent $6.61B USD Point-in-time
Total current assets AssetsCurrent $6.61B 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 $6.53B USD Point-in-time
Total current assets AssetsCurrent $6.53B 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
Preferred stock, shares authorized PreferredStockSharesAuthorized 50.00M shares 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
Preferred stock, shares authorized PreferredStockSharesAuthorized 50.00M shares Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $8.52B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $8.52B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $8.52B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $8.52B USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $697.00M USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $697.00M USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $706.00M USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $706.00M USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares 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
Common stock, par value, in dollars per share CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, par value, in dollars per share CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, par value, in dollars per share CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Goodwill Goodwill $2.04B USD Point-in-time
Goodwill Goodwill $2.04B USD Point-in-time
Goodwill Goodwill $2.04B USD Point-in-time
Goodwill Goodwill $2.04B USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 300.00M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 300.00M shares Point-in-time
Customer relationships, net FiniteLivedIntangibleAssetsNet $889.00M USD Point-in-time
Customer relationships, net FiniteLivedIntangibleAssetsNet $889.00M USD Point-in-time
Customer relationships, net FiniteLivedIntangibleAssetsNet $910.00M USD Point-in-time
Customer relationships, net FiniteLivedIntangibleAssetsNet $910.00M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 300.00M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 300.00M shares Point-in-time
Other intangible assets, net OtherIntangibleAssetsNet $481.00M USD Point-in-time
Other intangible assets, net OtherIntangibleAssetsNet $481.00M USD Point-in-time
Other intangible assets, net OtherIntangibleAssetsNet $493.00M USD Point-in-time
Other intangible assets, net OtherIntangibleAssetsNet $493.00M USD Point-in-time
Equity method investments EquityMethodInvestments $1.11B USD Point-in-time
Equity method investments EquityMethodInvestments $1.11B USD Point-in-time
Equity method investments EquityMethodInvestments $1.10B USD Point-in-time
Equity method investments EquityMethodInvestments $1.10B USD Point-in-time
Other assets, net DeferredCostsAndOtherAssets $651.00M USD Point-in-time
Other assets, net DeferredCostsAndOtherAssets $651.00M USD Point-in-time
Other assets, net DeferredCostsAndOtherAssets $694.00M USD Point-in-time
Other assets, net DeferredCostsAndOtherAssets $694.00M USD Point-in-time
Total assets Assets $21.04B USD Point-in-time
Total assets Assets $21.04B USD Point-in-time
Total assets Assets $20.96B USD Point-in-time
Total assets Assets $20.96B USD Point-in-time
Accounts payable AccountsPayableCurrent $891.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $891.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $877.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $877.00M USD Point-in-time
Accrued and other liabilities AccruedLiabilitiesCurrent $1.46B USD Point-in-time
Accrued and other liabilities AccruedLiabilitiesCurrent $1.46B USD Point-in-time
Accrued and other liabilities AccruedLiabilitiesCurrent $1.61B USD Point-in-time
Accrued and other liabilities AccruedLiabilitiesCurrent $1.61B USD Point-in-time
Current portion of long-term debt, net LongTermDebtCurrent $300.00M USD Point-in-time
Current portion of long-term debt, net LongTermDebtCurrent $300.00M USD Point-in-time
Current portion of long-term debt, net LongTermDebtCurrent $299.00M USD Point-in-time
Current portion of long-term debt, net LongTermDebtCurrent $299.00M USD Point-in-time
Total current liabilities LiabilitiesCurrent $2.79B USD Point-in-time
Total current liabilities LiabilitiesCurrent $2.79B USD Point-in-time
Total current liabilities LiabilitiesCurrent $2.65B USD Point-in-time
Total current liabilities LiabilitiesCurrent $2.65B USD Point-in-time
Long-term debt, net LongTermDebtNoncurrent $4.61B USD Point-in-time
Long-term debt, net LongTermDebtNoncurrent $4.61B USD Point-in-time
Long-term debt, net LongTermDebtNoncurrent $4.59B USD Point-in-time
Long-term debt, net LongTermDebtNoncurrent $4.59B USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $1.56B USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $1.56B USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $1.54B USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $1.54B USD Point-in-time
Pension and other post-retirement benefits PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $363.00M USD Point-in-time
Pension and other post-retirement benefits PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $363.00M USD Point-in-time
Pension and other post-retirement benefits PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $353.00M USD Point-in-time
Pension and other post-retirement benefits PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $353.00M USD Point-in-time
Operating lease liabilities OperatingLeaseLiabilityNoncurrent $611.00M USD Point-in-time
Operating lease liabilities OperatingLeaseLiabilityNoncurrent $611.00M USD Point-in-time
Operating lease liabilities OperatingLeaseLiabilityNoncurrent $622.00M USD Point-in-time
Operating lease liabilities OperatingLeaseLiabilityNoncurrent $622.00M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $340.00M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $340.00M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $343.00M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $343.00M USD Point-in-time
Total liabilities Liabilities $10.11B USD Point-in-time
Total liabilities Liabilities $10.11B USD Point-in-time
Total liabilities Liabilities $10.27B USD Point-in-time
Total liabilities Liabilities $10.27B USD Point-in-time
Commitments and contingencies (Note 13) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 13) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 13) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 13) 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
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 March 31, 2024 and December 31, 2023, 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 March 31, 2024 and December 31, 2023, 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 March 31, 2024 and December 31, 2023, 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 March 31, 2024 and December 31, 2023, respectively CommonStockValue $1.00M USD Point-in-time
Common stock, held in treasury, at cost; 6,082,171 and 6,439,289 shares at March 31, 2024 and December 31, 2023, respectively TreasuryStockValue $414.00M USD Point-in-time
Common stock, held in treasury, at cost; 6,082,171 and 6,439,289 shares at March 31, 2024 and December 31, 2023, respectively TreasuryStockValue $414.00M USD Point-in-time
Common stock, held in treasury, at cost; 6,082,171 and 6,439,289 shares at March 31, 2024 and December 31, 2023, respectively TreasuryStockValue $435.00M USD Point-in-time
Common stock, held in treasury, at cost; 6,082,171 and 6,439,289 shares at March 31, 2024 and December 31, 2023, respectively TreasuryStockValue $435.00M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $630.00M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $630.00M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $624.00M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $624.00M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $10.14B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $10.14B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $10.25B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $10.25B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-67.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-67.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-89.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-89.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-132.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-132.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-98.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-98.00M USD Point-in-time
Total Westlake Corporation stockholders' equity StockholdersEquity $10.24B USD Point-in-time
Total Westlake Corporation stockholders' equity StockholdersEquity $10.24B USD Point-in-time
Total Westlake Corporation stockholders' equity StockholdersEquity $10.33B USD Point-in-time
Total Westlake Corporation stockholders' equity StockholdersEquity $10.33B USD Point-in-time
Noncontrolling interests MinorityInterest $522.00M USD Point-in-time
Noncontrolling interests MinorityInterest $522.00M USD Point-in-time
Noncontrolling interests MinorityInterest $523.00M USD Point-in-time
Noncontrolling interests MinorityInterest $523.00M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.83B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.83B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.76B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.76B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.46B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.46B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.85B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.85B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $20.96B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $20.96B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $21.04B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $21.04B USD Point-in-time
Income Statement 72 line items
Line Item Tag Value Unit Period
Net sales Revenues $2.98B USD 1 Quarter
Net sales Revenues $2.98B USD 1 Quarter
Net sales Revenues $3.36B USD 1 Quarter
Net sales Revenues $3.36B USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $2.51B USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $2.51B USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $2.56B USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $2.56B USD 1 Quarter
Gross profit GrossProfit $792.00M USD 1 Quarter
Gross profit GrossProfit $792.00M USD 1 Quarter
Gross profit GrossProfit $466.00M USD 1 Quarter
Gross profit GrossProfit $466.00M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $209.00M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $209.00M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $222.00M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $222.00M USD 1 Quarter
Amortization of intangibles AmortizationOfIntangibleAssets $30.00M USD 1 Quarter
Amortization of intangibles AmortizationOfIntangibleAssets $30.00M USD 1 Quarter
Amortization of intangibles AmortizationOfIntangibleAssets $31.00M USD 1 Quarter
Amortization of intangibles AmortizationOfIntangibleAssets $31.00M USD 1 Quarter
Restructuring, transaction and integration-related costs RestructuringTransactionandIntegrationCost $4.00M USD 1 Quarter
Restructuring, transaction and integration-related costs RestructuringTransactionandIntegrationCost $4.00M USD 1 Quarter
Restructuring, transaction and integration-related costs RestructuringTransactionandIntegrationCost $3.00M USD 1 Quarter
Restructuring, transaction and integration-related costs RestructuringTransactionandIntegrationCost $3.00M USD 1 Quarter
Income from operations OperatingIncomeLoss $536.00M USD 1 Quarter
Income from operations OperatingIncomeLoss $536.00M USD 1 Quarter
Income from operations OperatingIncomeLoss $223.00M USD 1 Quarter
Income from operations OperatingIncomeLoss $223.00M USD 1 Quarter
Interest expense InterestExpense $40.00M USD 1 Quarter
Interest expense InterestExpense $40.00M USD 1 Quarter
Interest expense InterestExpense $42.00M USD 1 Quarter
Interest expense InterestExpense $42.00M USD 1 Quarter
Other income, net NonoperatingIncomeExpense $50.00M USD 1 Quarter
Other income, net NonoperatingIncomeExpense $50.00M USD 1 Quarter
Other income, net NonoperatingIncomeExpense $22.00M USD 1 Quarter
Other income, net NonoperatingIncomeExpense $22.00M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $233.00M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $233.00M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $516.00M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $516.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $48.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $48.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $109.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $109.00M USD 1 Quarter
Net income ProfitLoss $185.00M USD 1 Quarter
Net income ProfitLoss $185.00M USD 1 Quarter
Net income ProfitLoss $407.00M USD 1 Quarter
Net income ProfitLoss $407.00M USD 1 Quarter
Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $13.00M USD 1 Quarter
Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $13.00M USD 1 Quarter
Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $11.00M USD 1 Quarter
Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $11.00M USD 1 Quarter
Net income attributable to Westlake Corporation NetIncomeLoss $394.00M USD 1 Quarter
Net income attributable to Westlake Corporation NetIncomeLoss $394.00M USD 1 Quarter
Net income attributable to Westlake Corporation NetIncomeLoss $174.00M USD 1 Quarter
Net income attributable to Westlake Corporation NetIncomeLoss $174.00M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $3.07 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $3.07 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $1.35 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $1.35 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $1.34 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $1.34 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $3.05 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $3.05 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 127.55M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 127.55M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 128.36M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 128.36M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 128.46M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 128.46M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 129.02M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 129.02M shares 1 Quarter
Cash Flow Statement 120 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 $1.00M USD 1 Quarter
Other Comprehensive Income (Loss), Tax, Portion Attributable to Noncontrolling Interest OtherComprehensiveIncomeLossTaxPortionAttributableToNoncontrollingInterest $1.00M USD 1 Quarter
Net income ProfitLoss $185.00M USD 1 Quarter
Net income ProfitLoss $185.00M USD 1 Quarter
Net income ProfitLoss $407.00M USD 1 Quarter
Net income ProfitLoss $407.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $273.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $273.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $267.00M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $267.00M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $9.00M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $9.00M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $9.00M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $9.00M USD 1 Quarter
Loss from disposition and write-off of property, plant and equipment GainLossOnDispositionOfAssets $-5.00M USD 1 Quarter
Loss from disposition and write-off of property, plant and equipment GainLossOnDispositionOfAssets $-5.00M USD 1 Quarter
Loss from disposition and write-off of property, plant and equipment GainLossOnDispositionOfAssets $-6.00M USD 1 Quarter
Loss from disposition and write-off of property, plant and equipment GainLossOnDispositionOfAssets $-6.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-16.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-16.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-22.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-22.00M USD 1 Quarter
Other gains, net OtherOperatingActivitiesCashFlowStatement $-3.00M USD 1 Quarter
Other gains, net OtherOperatingActivitiesCashFlowStatement $-3.00M USD 1 Quarter
Other gains, net OtherOperatingActivitiesCashFlowStatement $-4.00M USD 1 Quarter
Other gains, net OtherOperatingActivitiesCashFlowStatement $-4.00M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsAndOtherReceivables $15.00M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsAndOtherReceivables $15.00M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsAndOtherReceivables $97.00M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsAndOtherReceivables $97.00M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $47.00M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $47.00M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-34.00M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-34.00M USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-15.00M USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-15.00M USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-6.00M USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-6.00M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-20.00M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-20.00M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $63.00M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $63.00M USD 1 Quarter
Accrued and other liabilities IncreaseDecreaseInAccruedLiabilities $-69.00M USD 1 Quarter
Accrued and other liabilities IncreaseDecreaseInAccruedLiabilities $-69.00M USD 1 Quarter
Accrued and other liabilities IncreaseDecreaseInAccruedLiabilities $-111.00M USD 1 Quarter
Accrued and other liabilities IncreaseDecreaseInAccruedLiabilities $-111.00M USD 1 Quarter
Other, net IncreaseDecreaseInOtherOperatingCapitalNet $101.00M USD 1 Quarter
Other, net IncreaseDecreaseInOtherOperatingCapitalNet $101.00M USD 1 Quarter
Other, net IncreaseDecreaseInOtherOperatingCapitalNet $93.00M USD 1 Quarter
Other, net IncreaseDecreaseInOtherOperatingCapitalNet $93.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $169.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $169.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $512.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $512.00M USD 1 Quarter
Additions to investments in unconsolidated subsidiaries ReturnOfAdditionsToInvestmentFromUnconsolidatedSubsidiaries $1.00M USD 1 Quarter
Additions to investments in unconsolidated subsidiaries ReturnOfAdditionsToInvestmentFromUnconsolidatedSubsidiaries $1.00M USD 1 Quarter
Additions to investments in unconsolidated subsidiaries ReturnOfAdditionsToInvestmentFromUnconsolidatedSubsidiaries $1.00M USD 1 Quarter
Additions to investments in unconsolidated subsidiaries ReturnOfAdditionsToInvestmentFromUnconsolidatedSubsidiaries $1.00M USD 1 Quarter
Additions to property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $272.00M USD 1 Quarter
Additions to property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $272.00M USD 1 Quarter
Additions to property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $267.00M USD 1 Quarter
Additions to property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $267.00M USD 1 Quarter
Other, net PaymentsForProceedsFromOtherInvestingActivities $-5.00M USD 1 Quarter
Other, net PaymentsForProceedsFromOtherInvestingActivities $-5.00M USD 1 Quarter
Other, net PaymentsForProceedsFromOtherInvestingActivities $-1.00M USD 1 Quarter
Other, net PaymentsForProceedsFromOtherInvestingActivities $-1.00M USD 1 Quarter
Net cash used for investing activities NetCashProvidedByUsedInInvestingActivities $-263.00M USD 1 Quarter
Net cash used for investing activities NetCashProvidedByUsedInInvestingActivities $-263.00M USD 1 Quarter
Net cash used for investing activities NetCashProvidedByUsedInInvestingActivities $-272.00M USD 1 Quarter
Net cash used for investing activities NetCashProvidedByUsedInInvestingActivities $-272.00M USD 1 Quarter
Distributions to noncontrolling interests PaymentsOfDividendsMinorityInterest $10.00M USD 1 Quarter
Distributions to noncontrolling interests PaymentsOfDividendsMinorityInterest $10.00M USD 1 Quarter
Distributions to noncontrolling interests PaymentsOfDividendsMinorityInterest $10.00M USD 1 Quarter
Distributions to noncontrolling interests PaymentsOfDividendsMinorityInterest $10.00M USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock $47.00M USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock $47.00M USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock $65.00M USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock $65.00M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $7.00M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $7.00M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $5.00M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $5.00M USD 1 Quarter
Repurchase of common stock for treasury PaymentsForRepurchaseOfCommonStock - USD 1 Quarter
Repurchase of common stock for treasury PaymentsForRepurchaseOfCommonStock - USD 1 Quarter
Repurchase of common stock for treasury PaymentsForRepurchaseOfCommonStock $22.00M USD 1 Quarter
Repurchase of common stock for treasury PaymentsForRepurchaseOfCommonStock $22.00M USD 1 Quarter
Other, net ProceedsFromPaymentsForOtherFinancingActivities $-6.00M USD 1 Quarter
Other, net ProceedsFromPaymentsForOtherFinancingActivities $-6.00M USD 1 Quarter
Other, net ProceedsFromPaymentsForOtherFinancingActivities $-1.00M USD 1 Quarter
Other, net ProceedsFromPaymentsForOtherFinancingActivities $-1.00M USD 1 Quarter
Net cash used for financing activities NetCashProvidedByUsedInFinancingActivities $-74.00M USD 1 Quarter
Net cash used for financing activities NetCashProvidedByUsedInFinancingActivities $-74.00M USD 1 Quarter
Net cash used for financing activities NetCashProvidedByUsedInFinancingActivities $-75.00M USD 1 Quarter
Net cash used for financing activities NetCashProvidedByUsedInFinancingActivities $-75.00M USD 1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $9.00M USD 1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $9.00M USD 1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-18.00M USD 1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-18.00M USD 1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-195.00M USD 1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-195.00M USD 1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $183.00M USD 1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $183.00M USD 1 Quarter
Cash, cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $3.32B USD Point-in-time
Cash, cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $3.32B USD Point-in-time
Cash, cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $3.12B USD Point-in-time
Cash, cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $3.12B USD Point-in-time
Cash, cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.43B USD Point-in-time
Cash, cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.43B USD Point-in-time
Cash, cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.25B USD Point-in-time
Cash, cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.25B USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $3.32B USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $3.32B USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $3.12B USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $3.12B USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.43B USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.43B USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.25B USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.25B USD Point-in-time
Stockholders Equity 42 line items
Line Item Tag Value Unit Period
Beginning balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.83B USD Point-in-time
Beginning balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.83B USD Point-in-time
Beginning balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.76B USD Point-in-time
Beginning balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.76B USD Point-in-time
Beginning balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.46B USD Point-in-time
Beginning balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.46B USD Point-in-time
Beginning balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.85B USD Point-in-time
Beginning balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.85B USD Point-in-time
Net income ProfitLoss $185.00M USD 1 Quarter
Net income ProfitLoss $185.00M USD 1 Quarter
Net income ProfitLoss $407.00M USD 1 Quarter
Net income ProfitLoss $407.00M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-36.00M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-36.00M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $22.00M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $22.00M USD 1 Quarter
Common stock repurchased TreasuryStockValueAcquiredCostMethod $22.00M USD 1 Quarter
Common stock repurchased TreasuryStockValueAcquiredCostMethod $22.00M USD 1 Quarter
Shares issuedstock-based compensation StockIssuedDuringPeriodValueShareBasedCompensation $4.00M USD 1 Quarter
Shares issuedstock-based compensation StockIssuedDuringPeriodValueShareBasedCompensation $4.00M USD 1 Quarter
Shares issuedstock-based compensation StockIssuedDuringPeriodValueShareBasedCompensation $7.00M USD 1 Quarter
Shares issuedstock-based compensation StockIssuedDuringPeriodValueShareBasedCompensation $7.00M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $8.00M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $8.00M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $9.00M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $9.00M USD 1 Quarter
Dividends declared DividendsCommonStockCash $47.00M USD 1 Quarter
Dividends declared DividendsCommonStockCash $47.00M USD 1 Quarter
Dividends declared DividendsCommonStockCash $65.00M USD 1 Quarter
Dividends declared DividendsCommonStockCash $65.00M USD 1 Quarter
Distributions to noncontrolling interests MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $10.00M USD 1 Quarter
Distributions to noncontrolling interests MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $10.00M USD 1 Quarter
Distributions to noncontrolling interests MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $10.00M USD 1 Quarter
Distributions to noncontrolling interests MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $10.00M USD 1 Quarter
Ending balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.83B USD Point-in-time
Ending balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.83B USD Point-in-time
Ending balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.76B USD Point-in-time
Ending balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.76B USD Point-in-time
Ending balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.46B USD Point-in-time
Ending balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.46B USD Point-in-time
Ending balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.85B USD Point-in-time
Ending balances StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.85B USD Point-in-time
Comprehensive Income 36 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $185.00M USD 1 Quarter
Net income ProfitLoss $185.00M USD 1 Quarter
Net income ProfitLoss $407.00M USD 1 Quarter
Net income ProfitLoss $407.00M 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 1 Quarter
Pension and other post-retirement benefits reserves adjustment OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax $-1.00M USD 1 Quarter
Pension and other post-retirement benefits reserves adjustment OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax $-1.00M USD 1 Quarter
Foreign currency translation OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax $20.00M USD 1 Quarter
Foreign currency translation OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax $20.00M USD 1 Quarter
Foreign currency translation OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax $-33.00M USD 1 Quarter
Foreign currency translation OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax $-33.00M USD 1 Quarter
Income tax (provision) benefit on foreign currency translation OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax $-3.00M USD 1 Quarter
Income tax (provision) benefit on foreign currency translation OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax $-3.00M USD 1 Quarter
Income tax (provision) benefit on foreign currency translation OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax $4.00M USD 1 Quarter
Income tax (provision) benefit on foreign currency translation OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax $4.00M USD 1 Quarter
Other, net of income tax OtherComprehensiveIncomeOtherNetOfTax - USD 1 Quarter
Other, net of income tax OtherComprehensiveIncomeOtherNetOfTax - USD 1 Quarter
Other, net of income tax OtherComprehensiveIncomeOtherNetOfTax $-1.00M USD 1 Quarter
Other, net of income tax OtherComprehensiveIncomeOtherNetOfTax $-1.00M USD 1 Quarter
Other comprehensive income (loss), net of income taxes OtherComprehensiveIncomeLossNetOfTax $-36.00M USD 1 Quarter
Other comprehensive income (loss), net of income taxes OtherComprehensiveIncomeLossNetOfTax $-36.00M USD 1 Quarter
Other comprehensive income (loss), net of income taxes OtherComprehensiveIncomeLossNetOfTax $22.00M USD 1 Quarter
Other comprehensive income (loss), net of income taxes OtherComprehensiveIncomeLossNetOfTax $22.00M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $149.00M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $149.00M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $429.00M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $429.00M USD 1 Quarter
Comprehensive income attributable to noncontrolling interests, net of tax of $1 and $1 for the three months ended March 31, 2024 and 2023, respectively ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $9.00M USD 1 Quarter
Comprehensive income attributable to noncontrolling interests, net of tax of $1 and $1 for the three months ended March 31, 2024 and 2023, respectively ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $9.00M USD 1 Quarter
Comprehensive income attributable to noncontrolling interests, net of tax of $1 and $1 for the three months ended March 31, 2024 and 2023, 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 March 31, 2024 and 2023, respectively ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $13.00M USD 1 Quarter
Comprehensive income attributable to Westlake Corporation ComprehensiveIncomeNetOfTax $416.00M USD 1 Quarter
Comprehensive income attributable to Westlake Corporation ComprehensiveIncomeNetOfTax $416.00M USD 1 Quarter
Comprehensive income attributable to Westlake Corporation ComprehensiveIncomeNetOfTax $140.00M USD 1 Quarter
Comprehensive income attributable to Westlake Corporation ComprehensiveIncomeNetOfTax $140.00M USD 1 Quarter

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

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