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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 3,057 $ 2,228
Accounts receivable, net 1,939 1,801
Inventories 1,672 1,866
Prepaid expenses and other current assets 89 78
Total current assets 6,757 5,973
Property, plant and equipment, net 8,570 8,525
Operating lease right-of-use assets 651 615
Goodwill 2,161 2,161
Customer relationships, net 933 993
Other intangible assets, net 538 572
Equity method investments 1,117 1,142
Other assets, net 669 569
Total assets 21,396 20,550 Close
Current liabilities    
Accounts payable 811 889
Accrued and other liabilities 1,549 1,409
Current portion of long-term debt, net 299 0
Total current liabilities 2,659 2,298
Long-term debt, net 4,574 4,879
Deferred income taxes 1,680 1,735
Pension and other post-retirement benefits 349 355
Operating lease liabilities 542 504
Other liabilities 307 314
Total liabilities 10,111 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 September 30, 2023 and December 31, 2022, respectively 1 1
Common stock, held in treasury, at cost; 6,518,691 and 7,278,651 shares at September 30, 2023 and December 31, 2022, respectively (440) (467)
Additional paid-in capital 619 601
Retained earnings 10,705 9,885
Accumulated other comprehensive loss (131) (89)
Total Westlake Corporation stockholders' equity 10,754 9,931
Noncontrolling interests 531 534
Total equity 11,285 10,465 Close
Total liabilities and equity $ 21,396 $ 20,550