2018 Q4 Form 10-K Financial Statement

#000126282320000007 Filed on February 19, 2020

View on sec.gov

Income Statement

Concept 2018 Q4 2018 Q3 2018 Q2
Revenue $1.995B $2.255B $2.235B
YoY Change -0.75% 6.92% 12.94%
Cost Of Revenue $1.641B $1.716B $1.683B
YoY Change 8.5% 6.39% 6.79%
Gross Profit $354.0M $539.0M $552.0M
YoY Change -28.63% 8.67% 36.97%
Gross Profit Margin 17.74% 23.9% 24.7%
Selling, General & Admin $108.0M $114.0M $115.0M
YoY Change 465.45% 16.33% 13.86%
% of Gross Profit 30.51% 21.15% 20.83%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $168.0M $161.0M $156.0M
YoY Change 10.53% 4.55% 7.59%
% of Gross Profit 47.46% 29.87% 28.26%
Operating Expenses $134.0M $114.0M $115.0M
YoY Change 5.51% 16.33% 13.86%
Operating Profit $207.0M $396.0M $404.0M
YoY Change -42.98% 8.79% 53.03%
Interest Expense -$30.00M $28.00M $31.00M
YoY Change -25.37% -30.0% -20.51%
% of Operating Profit -14.49% 7.07% 7.67%
Other Income/Expense, Net -$1.000M $23.00M $8.000M
YoY Change -350.0% 475.0% 300.0%
Pretax Income $176.0M $391.0M $381.0M
YoY Change -45.85% 19.21% 67.84%
Income Tax $45.00M $73.00M $93.00M
% Of Pretax Income 25.57% 18.67% 24.41%
Net Earnings $123.0M $308.0M $278.0M
YoY Change -84.66% 45.97% 81.7%
Net Earnings / Revenue 6.17% 13.66% 12.44%
Basic Earnings Per Share $0.95 $2.36 $2.13
Diluted Earnings Per Share $0.95 $2.35 $2.12
COMMON SHARES
Basic Shares Outstanding 129.2M shares 129.4M shares 129.6M shares
Diluted Shares Outstanding 130.1M shares 130.3M shares

Balance Sheet

Concept 2018 Q4 2018 Q3 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $753.0M $788.0M $482.0M
YoY Change -50.82% 16.22% 21.72%
Cash & Equivalents $753.0M $788.0M $482.0M
Short-Term Investments
Other Short-Term Assets $38.00M $36.00M $46.00M
YoY Change 22.58% -26.53% -19.3%
Inventory $1.014B $939.0M $905.0M
Prepaid Expenses
Receivables $952.0M $1.158B $1.186B
Other Receivables $28.00M $28.00M $27.00M
Total Short-Term Assets $2.842B $3.004B $2.694B
YoY Change -17.93% 11.28% 13.31%
LONG-TERM ASSETS
Property, Plant & Equipment $6.595B $6.519B $6.468B
YoY Change 2.85% 2.76% 2.39%
Goodwill $1.002B $1.008B $1.006B
YoY Change -0.99% -0.33% 0.64%
Intangibles
YoY Change
Long-Term Investments $253.0M
YoY Change
Other Assets $504.0M $499.0M $460.0M
YoY Change 22.33% -77.33% -79.01%
Total Long-Term Assets $8.760B $8.717B $8.652B
YoY Change 1.71% 2.02% 1.69%
TOTAL ASSETS
Total Short-Term Assets $2.842B $3.004B $2.694B
Total Long-Term Assets $8.760B $8.717B $8.652B
Total Assets $11.60B $11.72B $11.35B
YoY Change -3.93% 4.24% 4.23%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $507.0M $626.0M $582.0M
YoY Change -15.5% 11.63% -0.34%
Accrued Expenses $676.0M $675.0M $604.0M
YoY Change 2.89% 10.75% 35.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $0.00
YoY Change -100.0%
Total Short-Term Liabilities $1.183B $1.301B $1.186B
YoY Change -39.86% 11.17% 15.04%
LONG-TERM LIABILITIES
Long-Term Debt $2.668B $2.667B $2.666B
YoY Change -14.68% -20.36% -23.61%
Other Long-Term Liabilities $179.0M $178.0M $163.0M
YoY Change 13.29% 23.33% 16.1%
Total Long-Term Liabilities $2.847B $2.845B $2.829B
YoY Change -13.33% 1871.19% 1914.99%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.183B $1.301B $1.186B
Total Long-Term Liabilities $2.847B $2.845B $2.829B
Total Liabilities $5.526B $5.633B $5.500B
YoY Change -17.61% -15.83% -17.62%
SHAREHOLDERS EQUITY
Retained Earnings $5.477B $5.400B $5.125B
YoY Change 18.73% 40.71% 40.26%
Common Stock $557.0M $563.0M $559.0M
YoY Change 0.18% 0.58% 0.39%
Preferred Stock
YoY Change
Treasury Stock (at cost) $382.0M $337.0M $289.0M
YoY Change 26.49% 7.09% -8.59%
Treasury Stock Shares 6.183M shares
Shareholders Equity $5.590B $5.602B $5.362B
YoY Change
Total Liabilities & Shareholders Equity $11.60B $11.72B $11.35B
YoY Change -3.93% 4.24% 4.23%

Cashflow Statement

Concept 2018 Q4 2018 Q3 2018 Q2
OPERATING ACTIVITIES
Net Income $123.0M $308.0M $278.0M
YoY Change -84.66% 45.97% 81.7%
Depreciation, Depletion And Amortization $168.0M $161.0M $156.0M
YoY Change 10.53% 4.55% 7.59%
Cash From Operating Activities $254.0M $606.0M $324.0M
YoY Change -55.12% 25.73% 0.31%
INVESTING ACTIVITIES
Capital Expenditures -$195.0M $195.0M $158.0M
YoY Change 19.63% 46.62% 7.48%
Acquisitions
YoY Change
Other Investing Activities $2.000M -$12.00M -$18.00M
YoY Change -106.9% -29.41% 20.0%
Cash From Investing Activities -$193.0M -$207.0M -$176.0M
YoY Change 0.52% 38.0% 8.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -96.00M -89.00M -511.0M
YoY Change -120.6% 50.85% 245.27%
NET CHANGE
Cash From Operating Activities 254.0M 606.0M 324.0M
Cash From Investing Activities -193.0M -207.0M -176.0M
Cash From Financing Activities -96.00M -89.00M -511.0M
Net Change In Cash -35.00M 310.0M -363.0M
YoY Change -104.17% 13.55% -2892.31%
FREE CASH FLOW
Cash From Operating Activities $254.0M $606.0M $324.0M
Capital Expenditures -$195.0M $195.0M $158.0M
Free Cash Flow $449.0M $411.0M $166.0M
YoY Change -38.41% 17.77% -5.68%

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OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
0 USD
CY2017 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
5000000 USD
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
133000000 USD
CY2017 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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1472000000 USD
CY2019 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
42000000 USD
CY2018 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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950000000 USD
CY2019 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
451000000 USD
CY2017 us-gaap Comprehensive Income Net Of Tax
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1432000000 USD
CY2018 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
36000000 USD
CY2017 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
40000000 USD
CY2019 us-gaap Comprehensive Income Net Of Tax
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409000000 USD
CY2018 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
914000000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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3892000000 USD
CY2017 us-gaap Profit Loss
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1339000000 USD
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax
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133000000 USD
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11000000 USD
CY2017 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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14000000 USD
CY2017 us-gaap Dividends Common Stock Cash
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103000000 USD
CY2017 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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28000000 USD
CY2017 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
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111000000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2018Q4 us-gaap Cumulative Effect Of New Accounting Principle In Period Of Adoption
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CY2018 wlk Reclassificationof Tax Effectsto Retained Earnings
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CY2018 us-gaap Profit Loss
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106000000 USD
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9000000 USD
CY2018 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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18000000 USD
CY2018 us-gaap Dividends Common Stock Cash
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120000000 USD
CY2018 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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45000000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2019 us-gaap Profit Loss
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462000000 USD
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CY2019 us-gaap Treasury Stock Value Acquired Cost Method
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30000000 USD
CY2019 us-gaap Stock Issued During Period Value Share Based Compensation
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1000000 USD
CY2019 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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24000000 USD
CY2019 us-gaap Dividends Common Stock Cash
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132000000 USD
CY2019 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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50000000 USD
CY2019 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
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63000000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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6403000000 USD
CY2019 us-gaap Profit Loss
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462000000 USD
CY2018 us-gaap Profit Loss
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1034000000 USD
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1339000000 USD
CY2019 us-gaap Depreciation Depletion And Amortization
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713000000 USD
CY2018 us-gaap Depreciation Depletion And Amortization
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641000000 USD
CY2017 us-gaap Depreciation Depletion And Amortization
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601000000 USD
CY2019 us-gaap Share Based Compensation
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25000000 USD
CY2018 us-gaap Share Based Compensation
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22000000 USD
CY2017 us-gaap Share Based Compensation
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23000000 USD
CY2019 us-gaap Gain Loss On Disposition Of Assets
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-49000000 USD
CY2018 us-gaap Gain Loss On Disposition Of Assets
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-44000000 USD
CY2017 us-gaap Gain Loss On Disposition Of Assets
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-22000000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
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54000000 USD
CY2018 us-gaap Deferred Income Tax Expense Benefit
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62000000 USD
CY2017 us-gaap Deferred Income Tax Expense Benefit
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CY2019 us-gaap Other Operating Activities Cash Flow Statement
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CY2018 us-gaap Other Operating Activities Cash Flow Statement
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-20000000 USD
CY2017 us-gaap Other Operating Activities Cash Flow Statement
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CY2019 us-gaap Increase Decrease In Accounts And Other Receivables
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CY2018 us-gaap Increase Decrease In Accounts And Other Receivables
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58000000 USD
CY2017 us-gaap Increase Decrease In Accounts And Other Receivables
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40000000 USD
CY2019 us-gaap Increase Decrease In Inventories
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CY2018 us-gaap Increase Decrease In Inventories
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123000000 USD
CY2017 us-gaap Increase Decrease In Inventories
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32000000 USD
CY2019 wlk Increase Decrease In Prepaid Expenses And Other Current Assets
IncreaseDecreaseInPrepaidExpensesAndOtherCurrentAssets
1000000 USD
CY2018 wlk Increase Decrease In Prepaid Expenses And Other Current Assets
IncreaseDecreaseInPrepaidExpensesAndOtherCurrentAssets
1000000 USD
CY2017 wlk Increase Decrease In Prepaid Expenses And Other Current Assets
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CY2019 us-gaap Increase Decrease In Accounts Payable
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CY2018 us-gaap Increase Decrease In Accounts Payable
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CY2017 us-gaap Increase Decrease In Accounts Payable
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86000000 USD
CY2019 us-gaap Increase Decrease In Accrued Liabilities
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CY2018 us-gaap Increase Decrease In Accrued Liabilities
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CY2017 us-gaap Increase Decrease In Accrued Liabilities
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115000000 USD
CY2019 us-gaap Increase Decrease In Other Operating Capital Net
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71000000 USD
CY2018 us-gaap Increase Decrease In Other Operating Capital Net
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84000000 USD
CY2017 us-gaap Increase Decrease In Other Operating Capital Net
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75000000 USD
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
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1301000000 USD
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
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1409000000 USD
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
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1528000000 USD
CY2019 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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314000000 USD
CY2018 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2017 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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13000000 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
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787000000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
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702000000 USD
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
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577000000 USD
CY2019 us-gaap Payments To Acquire Additional Interest In Subsidiaries
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862000000 USD
CY2018 us-gaap Payments To Acquire Additional Interest In Subsidiaries
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68000000 USD
CY2018 us-gaap Proceeds From Long Term Lines Of Credit
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14000000 USD
CY2017 us-gaap Proceeds From Long Term Lines Of Credit
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978000000 USD
CY2019 us-gaap Proceeds From Issuance Of Common Limited Partners Units
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63000000 USD
CY2018 us-gaap Payments Of Dividends Minority Interest
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45000000 USD
CY2018 us-gaap Proceeds From Issuance Of Common Limited Partners Units
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0 USD
CY2017 us-gaap Payments For Proceeds From Other Investing Activities
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CY2017 us-gaap Payments Of Dividends Common Stock
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103000000 USD
CY2019 us-gaap Payments Of Dividends Minority Interest
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50000000 USD
CY2017 us-gaap Payments To Acquire Additional Interest In Subsidiaries
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66000000 USD
CY2019 us-gaap Payments For Proceeds From Other Investing Activities
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CY2018 us-gaap Payments For Proceeds From Other Investing Activities
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CY2018 us-gaap Net Cash Provided By Used In Investing Activities
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CY2017 us-gaap Net Cash Provided By Used In Investing Activities
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CY2019 us-gaap Payments Of Dividends Common Stock
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132000000 USD
CY2018 us-gaap Payments Of Dividends Common Stock
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120000000 USD
CY2017 us-gaap Payments Of Dividends Minority Interest
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28000000 USD
CY2019 us-gaap Proceeds From Issuance Of Debt
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CY2018 us-gaap Proceeds From Issuance Of Debt
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0 USD
CY2017 us-gaap Proceeds From Issuance Of Debt
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0 USD
CY2019 us-gaap Proceeds From Payments For Other Financing Activities
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CY2018 us-gaap Proceeds From Payments For Other Financing Activities
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9000000 USD
CY2017 us-gaap Proceeds From Payments For Other Financing Activities
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5000000 USD
CY2017 us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
111000000 USD
CY2019 us-gaap Repayments Of Short Term Debt
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0 USD
CY2018 us-gaap Repayments Of Short Term Debt
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0 USD
CY2017 us-gaap Repayments Of Short Term Debt
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150000000 USD
CY2019 us-gaap Repayments Of Lines Of Credit
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CY2018 us-gaap Repayments Of Lines Of Credit
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0 USD
CY2017 us-gaap Repayments Of Lines Of Credit
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550000000 USD
CY2019 us-gaap Repayments Of Notes Payable
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18000000 USD
CY2018 us-gaap Repayments Of Notes Payable
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1179000000 USD
CY2017 us-gaap Repayments Of Notes Payable
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257000000 USD
CY2019 us-gaap Payments For Repurchase Of Common Stock
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30000000 USD
CY2018 us-gaap Payments For Repurchase Of Common Stock
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106000000 USD
CY2017 us-gaap Payments For Repurchase Of Common Stock
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0 USD
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
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630000000 USD
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1427000000 USD
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
6000000 USD
CY2019 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-2000000 USD
CY2018 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-7000000 USD
CY2017 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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26000000 USD
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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-25000000 USD
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-779000000 USD
CY2017 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
908000000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
775000000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1554000000 USD
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
646000000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
750000000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
775000000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1554000000 USD
CY2018Q4 us-gaap Accounts Receivable Net Current
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952000000 USD
CY2019 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="line-height:120%;padding-top:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Concentration of Credit Risk</span></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Financial instruments which potentially subject the Company to concentration of risk consist principally of trade receivables from customers engaged in manufacturing polyethylene products, polyvinyl chloride ("PVC") products and PVC pipe products. The Company performs periodic credit evaluations of the customers' financial condition and generally does not require collateral. The Company maintains allowances for potential losses.</span></div>
CY2019 us-gaap Interest Costs Capitalized
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9000000 USD
CY2018 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
7000000 USD
CY2017 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
4000000 USD
CY2017 wlk Tax Cutsand Jobs Actof2017 Incomplete Accounting Changein Tax Rate Deferred Tax Asset Provisional Income Tax Expense Benefit
TaxCutsandJobsActof2017IncompleteAccountingChangeinTaxRateDeferredTaxAssetProvisionalIncomeTaxExpenseBenefit
-591000000 USD
CY2019 us-gaap Revenue Recognition Accounting Policy Gross And Net Revenue Disclosure
RevenueRecognitionAccountingPolicyGrossAndNetRevenueDisclosure
<div style="line-height:120%;padding-top:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Revenue Recognition</span></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Revenue is recognized when the Company transfers control of inventories to its customers. Amounts recognized as revenues reflect the consideration to which the Company expects to be entitled in exchange for those inventories. Provisions for discounts, rebates and returns are incorporated in the estimate of variable consideration and reflected as reduction to revenue in the same period as the related sales.</span></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Control of inventories generally transfers upon shipment for domestic sales. The Company excludes taxes collected on behalf of customers from the estimated contract price. For export contracts, the point at which control passes to the customer varies depending on the terms specified in the customer contract. </span></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company generally invoices customers and recognizes revenue and accounts receivable upon transferring control of inventories. In limited circumstances, the Company transfers control of inventories shortly before it has an unconditional right to receive consideration, resulting in recognition of contract assets. The Company also receives advance payments from certain customers, resulting in recognition of contract liabilities. Contract assets and liabilities are generally settled within the period and are not material to the consolidated balance sheets. The Company expenses sales commissions when incurred. These costs are recorded within selling, general and administrative expenses. Aside from the amounts disclosed within Note 9, the Company does not disclose the value of unsatisfied performance obligations because its contracts with customers (1) have an original expected duration of one year or less or (2) have only variable consideration that is calculated based on market prices at specified dates and is allocated to wholly unsatisfied performance obligations.</span></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company adopted ASU No. 2014-09, Revenue from Contracts with Customers ("ASC 606"), effective January 1, 2018. The Company applied the modified retrospective transition method to all contracts that were not completed as of the adoption date. Periods prior to January 1, 2018 were not adjusted and are reported under the accounting standards that were in place during those periods. The cumulative effects of changes to the Company's consolidated January 1, 2018 balance sheet for the adoption of this accounting standard were immaterial.</span></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The impact of ASC 606 adoption on the financial statements for the year ended December 31, 2018 as compared with the guidance that was in effect prior to January 1, 2018 was immaterial.</span></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">ASC 606 requires disclosure of disaggregated revenue into categories that depict the nature of how the Company's revenue and cash flows are affected by economic factors. The Company discloses revenues by product and segment in Note 23. </span></div><div style="line-height:120%;padding-top:12px;text-align:left;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Prior to the adoption of ASC 606, the revenue was recognized when persuasive evidence of an arrangement existed, products were delivered to the customer, the sales price was fixed or determinable and collectability was reasonably assured. For domestic contracts, title and risk of loss had passed to the customer upon delivery under executed customer purchase orders or contracts. For export contracts, the title and risk of loss had passed to customers at the time specified by each contract. </span></div>
CY2018Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
437000000 USD
CY2019Q4 us-gaap Asset Retirement Obligation Current
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7000000 USD
CY2019Q4 us-gaap Asset Retirement Obligations Noncurrent
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20000000 USD
CY2018Q4 us-gaap Asset Retirement Obligation Current
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8000000 USD
CY2018Q4 us-gaap Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
20000000 USD
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;padding-top:18px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</span></div><div style="line-height:120%;padding-top:6px;text-indent:32px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and the disclosure of contingent assets and liabilities. Actual results could differ from those estimates.</span></div>
CY2019Q4 us-gaap Held To Maturity Securities
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240000000 USD
CY2018Q4 us-gaap Held To Maturity Securities
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10000000 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
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22000000 USD
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents
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22000000 USD
CY2019Q4 us-gaap Accounts Receivable Gross Current
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948000000 USD
CY2018Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
969000000 USD
CY2019Q4 us-gaap Accounts Receivable Related Parties Current
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12000000 USD
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
9529000000 USD
CY2018Q4 us-gaap Accounts Receivable Related Parties Current
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6000000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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22000000 USD
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
23000000 USD
CY2019Q4 us-gaap Accounts Receivable Net Current
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938000000 USD
CY2018Q4 us-gaap Inventory Net
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1014000000 USD
CY2019Q4 us-gaap Income Taxes Receivable
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59000000 USD
CY2018Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
57000000 USD
CY2019Q4 us-gaap Other Receivables Net Current
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39000000 USD
CY2018Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
28000000 USD
CY2019Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
1036000000 USD
CY2018Q4 us-gaap Receivables Net Current
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1037000000 USD
CY2019Q4 us-gaap Inventory Finished Goods Net Of Reserves
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568000000 USD
CY2018Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
657000000 USD
CY2019Q4 us-gaap Inventory Work In Process And Raw Materials Net Of Reserves
InventoryWorkInProcessAndRawMaterialsNetOfReserves
210000000 USD
CY2018Q4 us-gaap Inventory Work In Process And Raw Materials Net Of Reserves
InventoryWorkInProcessAndRawMaterialsNetOfReserves
203000000 USD
CY2019Q4 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
158000000 USD
CY2018Q4 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
154000000 USD
CY2019Q4 us-gaap Inventory Net
InventoryNet
936000000 USD
CY2019Q4 us-gaap Land
Land
198000000 USD
CY2018Q4 us-gaap Land
Land
193000000 USD
CY2019Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
608000000 USD
CY2018Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
544000000 USD
CY2018Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
7568000000 USD
CY2019Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
496000000 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
8742000000 USD
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3168000000 USD
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2720000000 USD
CY2019Q4 wlk Property Plant And Equipment Net Excluding Construction In Progress
PropertyPlantAndEquipmentNetExcludingConstructionInProgress
6361000000 USD
CY2018Q4 wlk Property Plant And Equipment Net Excluding Construction In Progress
PropertyPlantAndEquipmentNetExcludingConstructionInProgress
6022000000 USD
CY2019Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
551000000 USD
CY2018Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
573000000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6912000000 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6595000000 USD
CY2019 us-gaap Depreciation
Depreciation
519000000 USD
CY2018 us-gaap Depreciation
Depreciation
478000000 USD
CY2017 us-gaap Depreciation
Depreciation
449000000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
443000000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
93000000 USD
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
355000000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
448000000 USD
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.035
CY2019 us-gaap Operating Lease Cost
OperatingLeaseCost
113000000 USD
CY2019 us-gaap Short Term Lease Cost
ShortTermLeaseCost
58000000 USD
CY2019 us-gaap Lease Cost
LeaseCost
171000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
545000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
69000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
55000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
43000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
189000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
106000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
83000000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
97000000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
448000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
94000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
89000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
70000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
56000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
42000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
152000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
503000000 USD
CY2017Q4 us-gaap Goodwill
Goodwill
1012000000 USD
CY2018 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-10000000 USD
CY2019Q4 wlk Debt Instrument Unamortized Discountpremiumand Debt Issuance Cost Net Excluding Current Maturities
DebtInstrumentUnamortizedDiscountpremiumandDebtIssuanceCostNetExcludingCurrentMaturities
55000000 USD
CY2018Q4 us-gaap Goodwill
Goodwill
1002000000 USD
CY2019 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
67000000 USD
CY2019 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
5000000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
1074000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
120000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
117000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
104000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
57000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
51000000 USD
CY2019Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
225000000 USD
CY2019Q4 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity
166000000 USD
CY2019Q4 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
435000000 USD
CY2018Q4 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
504000000 USD
CY2019Q4 us-gaap Accounts Payable Related Parties Current And Noncurrent
AccountsPayableRelatedPartiesCurrentAndNoncurrent
12000000 USD
CY2018Q4 us-gaap Accounts Payable Related Parties Current And Noncurrent
AccountsPayableRelatedPartiesCurrentAndNoncurrent
2000000 USD
CY2019Q4 us-gaap Notes Payable Current
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26000000 USD
CY2018Q4 us-gaap Notes Payable Current
NotesPayableCurrent
1000000 USD
CY2019Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
473000000 USD
CY2018Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
507000000 USD
CY2019Q4 wlk Longterm Debt Gross Excluding Current Maturities
LongtermDebtGrossExcludingCurrentMaturities
3500000000 USD
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3445000000 USD
CY2018Q4 wlk Longterm Debt Gross Excluding Current Maturities
LongtermDebtGrossExcludingCurrentMaturities
2715000000 USD
CY2018Q4 wlk Debt Instrument Unamortized Discountpremiumand Debt Issuance Cost Net Excluding Current Maturities
DebtInstrumentUnamortizedDiscountpremiumandDebtIssuanceCostNetExcludingCurrentMaturities
47000000 USD
CY2018Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2668000000 USD
CY2019Q4 us-gaap Longterm Debt Weighted Average Interest Rate
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0.036
CY2018Q4 us-gaap Longterm Debt Weighted Average Interest Rate
LongtermDebtWeightedAverageInterestRate
0.044
CY2019Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
30000000 USD
CY2018Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
25000000 USD
CY2019Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
250000000 USD
CY2019Q4 wlk Common Stock Sinking Fund Provision
CommonStockSinkingFundProvision
0 USD
CY2014Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
250000000 USD
CY2015Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
150000000 USD
CY2018Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
150000000 USD
CY2019Q4 wlk Stock Repurchase Program Shares Repurchased Gross
StockRepurchaseProgramSharesRepurchasedGross
6080191 shares
CY2019Q4 wlk Treasury Stock Purchase Price Repurchase Program
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365000000 USD
CY2017Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
7000000 USD
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-62000000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-74000000 USD
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
79.94
CY2019 us-gaap Stock Issued During Period Shares Stock Options Exercised
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18635 shares
CY2019 wlk Defined Benefit Plan Target Allocation Percentage Of Assets Short Term
DefinedBenefitPlanTargetAllocationPercentageOfAssetsShortTerm
0.40
CY2019 wlk Defined Benefit Plan Target Allocation Percentage Of Assets Long Term
DefinedBenefitPlanTargetAllocationPercentageOfAssetsLongTerm
0.60
CY2019Q4 us-gaap Defined Benefit Plan Expected Amortization Of Prior Service Cost Credit Next Fiscal Year
DefinedBenefitPlanExpectedAmortizationOfPriorServiceCostCreditNextFiscalYear
0 USD
CY2019Q4 us-gaap Defined Benefit Plan Expected Amortization Of Gain Loss Next Fiscal Year
DefinedBenefitPlanExpectedAmortizationOfGainLossNextFiscalYear
1000000 USD
CY2018 us-gaap Defined Benefit Plan Benefit Obligation Increase Decrease For Remeasurement Due To Settlement
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26000000 USD
CY2019 wlk Number Of Multiemployer Plans
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2 plan
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
24000000 USD
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
18000000 USD
CY2017 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
14000000 USD
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1385948 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1115954 shares
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
54.82
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
296598 shares
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
79.83
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
7969 shares
CY2019 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
35.04
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
888093 shares
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1000000 USD
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
47.64
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
21000000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
24000000 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
0 USD
CY2018 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
4000000 USD
CY2017 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
8000000 USD
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.012
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
60.29
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y10M24D
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
23000000 USD
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P4Y6M
CY2019Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
22000000 USD
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
21.02
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
28.94
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
15.84
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.025
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.027
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.021
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.289
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.276
CY2017 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.292
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.012
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.007
CY2019 wlk Share Base Compensation Average Correlation Coefficientof Peer Companies
ShareBaseCompensationAverageCorrelationCoefficientofPeerCompanies
0.49
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
460000000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
1087000000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
917000000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
110000000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
247000000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
164000000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
570000000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1334000000 USD
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1081000000 USD
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
276000000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
20000000 USD
CY2018 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
158000000 USD
CY2017 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
231000000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
9000000 USD
CY2018 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
28000000 USD
CY2017 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
18000000 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
25000000 USD
CY2018 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
52000000 USD
CY2017 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
27000000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
54000000 USD
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
238000000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
69000000 USD
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
59000000 USD
CY2017 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-557000000 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
11000000 USD
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-2000000 USD
CY2017 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
25000000 USD
CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-26000000 USD
CY2018 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
5000000 USD
CY2017 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-2000000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
54000000 USD
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
62000000 USD
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-534000000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
108000000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
300000000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-258000000 USD
CY2018Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
24000000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
108000000 USD
CY2019Q4 wlk Deferred Tax Assets Operating Lease Liabilities
DeferredTaxAssetsOperatingLeaseLiabilities
96000000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
300000000 USD
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-258000000 USD
CY2017 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
378000000 USD
CY2018 us-gaap Income Tax Reconciliation Nondeductible Expense Depletion
IncomeTaxReconciliationNondeductibleExpenseDepletion
-4000000 USD
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
10000000 USD
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
28000000 USD
CY2017 us-gaap Income Tax Reconciliation Nondeductible Expense Depletion
IncomeTaxReconciliationNondeductibleExpenseDepletion
-7000000 USD
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
120000000 USD
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
280000000 USD
CY2017 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
26000000 USD
CY2019 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-6000000 USD
CY2018 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
14000000 USD
CY2017 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-36000000 USD
CY2019 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
IncomeTaxReconciliationDeductionsQualifiedProductionActivities
0 USD
CY2018 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
IncomeTaxReconciliationDeductionsQualifiedProductionActivities
0 USD
CY2017 us-gaap Income Tax Reconciliation Deductions Qualified Production Activities
IncomeTaxReconciliationDeductionsQualifiedProductionActivities
23000000 USD
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Depletion
IncomeTaxReconciliationNondeductibleExpenseDepletion
-5000000 USD
CY2019 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
8000000 USD
CY2018 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
6000000 USD
CY2017 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
9000000 USD
CY2019 us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
0 USD
CY2018 us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
0 USD
CY2017 us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
-591000000 USD
CY2019 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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-17000000 USD
CY2018 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-9000000 USD
CY2017 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
3000000 USD
CY2019 us-gaap Income Tax Reconciliation Tax Settlements State And Local
IncomeTaxReconciliationTaxSettlementsStateAndLocal
11000000 USD
CY2018 us-gaap Income Tax Reconciliation Tax Settlements State And Local
IncomeTaxReconciliationTaxSettlementsStateAndLocal
-6000000 USD
CY2017 us-gaap Income Tax Reconciliation Tax Settlements State And Local
IncomeTaxReconciliationTaxSettlementsStateAndLocal
2000000 USD
CY2019 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
3000000 USD
CY2018 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
3000000 USD
CY2017 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
-1000000 USD
CY2019Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
209000000 USD
CY2018Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
50000000 USD
CY2019Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
25000000 USD
CY2018Q4 wlk Deferred Tax Assets Operating Lease Liabilities
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0 USD
CY2018Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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948000000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Other Finite Lived Assets
DeferredTaxLiabilitiesOtherFiniteLivedAssets
156000000 USD
CY2018Q4 us-gaap Deferred Tax Liabilities Other Finite Lived Assets
DeferredTaxLiabilitiesOtherFiniteLivedAssets
148000000 USD
CY2019Q4 wlk Deferred Tax Liabilities Operating Lease Rightof Use Assets
DeferredTaxLiabilitiesOperatingLeaseRightofUseAssets
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