XML 19 R3.htm IDEA: XBRL DOCUMENT v3.24.0.1Close
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 3,304 $ 2,228
Accounts receivable, net 1,601 1,801
Inventories 1,622 1,866
Prepaid expenses and other current assets 82 78
Total current assets 6,609 5,973
Property, plant and equipment, net 8,519 8,477
Operating lease right-of-use assets 697 615
Goodwill 2,041 2,161
Customer relationships, net 910 993
Other intangible assets, net 493 572
Equity method investments 1,115 1,142
Other assets, net 651 617
Total assets 21,035 20,550 Close
Current liabilities    
Accounts payable 877 889
Accrued and other liabilities 1,614 1,409
Current portion of long-term debt, net 299 0
Total current liabilities 2,790 2,298
Long-term debt, net 4,607 4,879
Deferred income taxes 1,560 1,735
Pension and other post-retirement benefits 363 355
Operating lease liabilities 611 504
Other liabilities 340 314
Total liabilities 10,271 10,085 Close
Commitments and contingencies
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 December 31, 2023 and 2022, respectively 1 1
Common stock, held in treasury, at cost; 6,439,289 and 7,278,651 shares at December 31, 2023 and 2022, respectively (435) (467)
Additional paid-in capital 630 601
Retained earnings 10,143 9,885
Accumulated other comprehensive loss (98) (89)
Total Westlake Corporation stockholders' equity 10,241 9,931
Noncontrolling interests 523 534
Total equity 10,764 10,465 Close
Total liabilities and equity $ 21,035 $ 20,550