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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 2,677 $ 2,228
Accounts receivable, net 1,855 1,801
Inventories 1,671 1,866
Prepaid expenses and other current assets 93 78
Total current assets 6,296 5,973
Property, plant and equipment, net 8,550 8,525
Operating lease right-of-use assets 644 615
Goodwill 2,167 2,161
Customer relationships, net 955 993
Other intangible assets, net 552 572
Equity method investments 1,120 1,142
Other assets, net 697 569
Total assets 20,981 20,550 Close
Current liabilities    
Accounts payable 802 889
Accrued and other liabilities 1,329 1,409
Total current liabilities 2,131 2,298
Long-term debt, net 4,894 4,879
Deferred income taxes 1,692 1,735
Pension and other post-retirement benefits 358 355
Operating lease liabilities 536 504
Other liabilities 293 314
Total liabilities 9,904 10,085 Close
Commitments and contingencies (Note 14)
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, 2023 and December 31, 2022, respectively 1 1
Common stock, held in treasury, at cost; 6,965,071 and 7,278,651 shares at June 30, 2023 and December 31, 2022, respectively (463) (467)
Additional paid-in capital 601 601
Retained earnings 10,484 9,885
Accumulated other comprehensive loss (79) (89)
Total Westlake Corporation stockholders' equity 10,544 9,931
Noncontrolling interests 533 534
Total equity 11,077 10,465 Close
Total liabilities and equity $ 20,981 $ 20,550