$WLK
WESTLAKE CORP

2020 Q4 Form 10-Q Financial Statement

#000126282320000043 Filed on November 04, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q3
Revenue $1.965B $1.898B $2.066B
YoY Change 4.35% -8.13% -8.38%
Cost Of Revenue $1.642B $1.650B $1.695B
YoY Change 0.55% -2.65% -1.22%
Gross Profit $323.0M $248.0M $371.0M
YoY Change 29.2% -33.15% -31.17%
Gross Profit Margin 16.44% 13.07% 17.96%
Selling, General & Admin $117.0M $108.0M $110.0M
YoY Change 1.74% -1.82% -3.51%
% of Gross Profit 36.22% 43.55% 29.65%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $196.0M $196.0M $178.0M
YoY Change 4.26% 10.11% 10.56%
% of Gross Profit 60.68% 79.03% 47.98%
Operating Expenses $145.0M $108.0M $110.0M
YoY Change 1.4% -1.82% -3.51%
Operating Profit $178.0M $79.00M $226.0M
YoY Change 74.51% -65.04% -42.93%
Interest Expense -$34.00M $37.00M $31.00M
YoY Change -2.86% 19.35% 10.71%
% of Operating Profit -19.1% 46.84% 13.72%
Other Income/Expense, Net $12.00M $12.00M $21.00M
YoY Change 100.0% -42.86% -8.7%
Pretax Income $156.0M $54.00M $216.0M
YoY Change 113.7% -75.0% -44.76%
Income Tax $33.00M -$15.00M $50.00M
% Of Pretax Income 21.15% -27.78% 23.15%
Net Earnings $113.0M $57.00M $158.0M
YoY Change 56.94% -63.92% -48.7%
Net Earnings / Revenue 5.75% 3.0% 7.65%
Basic Earnings Per Share $0.87 $0.45 $1.22
Diluted Earnings Per Share $0.87 $0.45 $1.22
COMMON SHARES
Basic Shares Outstanding 127.7M shares 127.7M shares 128.2M shares
Diluted Shares Outstanding 128.0M shares 128.6M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.313B $1.217B $1.437B
YoY Change 80.36% -15.31% 82.36%
Cash & Equivalents $1.313B $1.217B $1.437B
Short-Term Investments
Other Short-Term Assets $32.00M $42.00M $45.00M
YoY Change -23.81% -6.67% 25.0%
Inventory $918.0M $829.0M $906.0M
Prepaid Expenses
Receivables $1.078B $957.0M $1.037B
Other Receivables $44.00M $39.00M $28.00M
Total Short-Term Assets $3.477B $3.381B $3.482B
YoY Change 26.81% -2.9% 15.91%
LONG-TERM ASSETS
Property, Plant & Equipment $6.920B $6.853B $6.842B
YoY Change 0.12% 0.16% 4.95%
Goodwill $1.083B $1.075B $1.069B
YoY Change 0.84% 0.56% 6.05%
Intangibles
YoY Change
Long-Term Investments $1.059B $1.046B
YoY Change -4.77%
Other Assets $223.0M $247.0M $565.0M
YoY Change -16.79% -56.28% 13.23%
Total Long-Term Assets $10.36B $10.31B $9.625B
YoY Change -1.53% 7.15% 10.42%
TOTAL ASSETS
Total Short-Term Assets $3.477B $3.381B $3.482B
Total Long-Term Assets $10.36B $10.31B $9.625B
Total Assets $13.84B $13.69B $13.11B
YoY Change 4.33% 4.48% 11.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $536.0M $447.0M $496.0M
YoY Change 13.32% -9.88% -20.77%
Accrued Expenses $821.0M $771.0M $742.0M
YoY Change 6.9% 3.91% 9.93%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $1.357B $1.218B $1.238B
YoY Change 9.35% -1.62% -4.84%
LONG-TERM LIABILITIES
Long-Term Debt $3.566B $3.681B $3.424B
YoY Change 3.51% 7.51% 28.38%
Other Long-Term Liabilities $199.0M $181.0M $195.0M
YoY Change -1.49% -7.18% 9.55%
Total Long-Term Liabilities $3.765B $3.862B $3.619B
YoY Change 3.24% 6.71% 27.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.357B $1.218B $1.238B
Total Long-Term Liabilities $3.765B $3.862B $3.619B
Total Liabilities $7.257B $7.206B $6.745B
YoY Change 5.82% 6.83% 19.74%
SHAREHOLDERS EQUITY
Retained Earnings $5.938B $5.863B $5.724B
YoY Change 3.14% 2.43% 6.0%
Common Stock $570.0M $564.0M $562.0M
YoY Change 2.89% 0.36% -0.18%
Preferred Stock
YoY Change
Treasury Stock (at cost) $401.0M $409.0M $396.0M
YoY Change 6.37% 3.28% 17.51%
Treasury Stock Shares 6.821M shares
Shareholders Equity $6.043B $5.949B $5.824B
YoY Change
Total Liabilities & Shareholders Equity $13.84B $13.69B $13.11B
YoY Change 4.33% 4.48% 11.82%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income $113.0M $57.00M $158.0M
YoY Change 56.94% -63.92% -48.7%
Depreciation, Depletion And Amortization $196.0M $196.0M $178.0M
YoY Change 4.26% 10.11% 10.56%
Cash From Operating Activities $431.0M $357.0M $501.0M
YoY Change 29.43% -28.74% -17.33%
INVESTING ACTIVITIES
Capital Expenditures -$122.0M $112.0M $193.0M
YoY Change -33.33% -41.97% -1.03%
Acquisitions
YoY Change
Other Investing Activities -$21.00M $6.000M $8.000M
YoY Change -97.45% -25.0% -166.67%
Cash From Investing Activities -$143.0M -$106.0M -$185.0M
YoY Change -85.79% -42.7% -10.63%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -202.0M -145.0M 717.0M
YoY Change 417.95% -120.22% -905.62%
NET CHANGE
Cash From Operating Activities 431.0M 357.0M 501.0M
Cash From Investing Activities -143.0M -106.0M -185.0M
Cash From Financing Activities -202.0M -145.0M 717.0M
Net Change In Cash 86.00M 106.0M 1.033B
YoY Change -112.08% -89.74% 233.23%
FREE CASH FLOW
Cash From Operating Activities $431.0M $357.0M $501.0M
Capital Expenditures -$122.0M $112.0M $193.0M
Free Cash Flow $553.0M $245.0M $308.0M
YoY Change 7.17% -20.45% -25.06%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2020
dei Entity Central Index Key
EntityCentralIndexKey
0001262823
CY2019Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
dei Document Period End Date
DocumentPeriodEndDate
2020-09-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-32260
CY2020Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2019Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2020Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2019Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2020Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossTaxPortionAttributableToNoncontrollingInterest
2000000 USD
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2020Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2019Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000 shares
CY2020Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000 shares
CY2019Q3 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossTaxPortionAttributableToNoncontrollingInterest
1000000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossTaxPortionAttributableToNoncontrollingInterest
0 USD
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossTaxPortionAttributableToNoncontrollingInterest
1000000 USD
CY2019Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2020Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2019Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
dei Entity Registrant Name
EntityRegistrantName
Westlake Chemical Corporation
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
76-0346924
dei Entity Address Address Line1
EntityAddressAddressLine1
2801 Post Oak Boulevard
dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 600
dei Entity Address City Or Town
EntityAddressCityOrTown
Houston
dei Entity Address State Or Province
EntityAddressStateOrProvince
TX
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
77056
dei City Area Code
CityAreaCode
713
dei Local Phone Number
LocalPhoneNumber
960-9111
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2020Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
127721678 shares
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1217000000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
728000000 USD
CY2020Q3 us-gaap Receivables Net Current
ReceivablesNetCurrent
1293000000 USD
CY2019Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
1036000000 USD
CY2020Q3 us-gaap Inventory Net
InventoryNet
829000000 USD
CY2019Q4 us-gaap Inventory Net
InventoryNet
936000000 USD
CY2020Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
42000000 USD
CY2019Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
42000000 USD
CY2020Q3 us-gaap Assets Current
AssetsCurrent
3381000000 USD
CY2019Q4 us-gaap Assets Current
AssetsCurrent
2742000000 USD
CY2020Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6853000000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
6912000000 USD
CY2020Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
460000000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
443000000 USD
CY2020Q3 us-gaap Goodwill
Goodwill
1075000000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
1074000000 USD
CY2020Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
461000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
523000000 USD
CY2020Q3 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
171000000 USD
CY2019Q4 us-gaap Other Intangible Assets Net
OtherIntangibleAssetsNet
187000000 USD
CY2020Q3 us-gaap Equity Method Investments
EquityMethodInvestments
1046000000 USD
CY2019Q4 us-gaap Equity Method Investments
EquityMethodInvestments
1112000000 USD
CY2020Q3 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
247000000 USD
CY2019Q4 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
268000000 USD
CY2020Q3 us-gaap Assets
Assets
13694000000 USD
CY2019Q4 us-gaap Assets
Assets
13261000000 USD
CY2020Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
447000000 USD
CY2019Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
473000000 USD
CY2020Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
771000000 USD
CY2019Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
768000000 USD
CY2020Q3 us-gaap Liabilities Current
LiabilitiesCurrent
1218000000 USD
CY2019Q4 us-gaap Liabilities Current
LiabilitiesCurrent
1241000000 USD
CY2020Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3681000000 USD
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
3445000000 USD
CY2020Q3 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
1403000000 USD
CY2019Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
1255000000 USD
CY2020Q3 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
350000000 USD
CY2019Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
360000000 USD
CY2020Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
373000000 USD
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
355000000 USD
CY2020Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
181000000 USD
CY2019Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
202000000 USD
CY2020Q3 us-gaap Liabilities
Liabilities
7206000000 USD
CY2019Q4 us-gaap Liabilities
Liabilities
6858000000 USD
CY2020Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2019Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2020Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2019Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6488000000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6403000000 USD
CY2020Q3 us-gaap Common Stock Value
CommonStockValue
1000000 USD
CY2019Q4 us-gaap Common Stock Value
CommonStockValue
1000000 USD
CY2020Q3 us-gaap Treasury Stock Value
TreasuryStockValue
409000000 USD
CY2019Q4 us-gaap Treasury Stock Value
TreasuryStockValue
377000000 USD
CY2020Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
563000000 USD
CY2019Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
553000000 USD
CY2020Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
5863000000 USD
CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
5757000000 USD
CY2020Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-69000000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-74000000 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
5949000000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
5860000000 USD
CY2020Q3 us-gaap Minority Interest
MinorityInterest
539000000 USD
CY2019Q4 us-gaap Minority Interest
MinorityInterest
543000000 USD
CY2020Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
13694000000 USD
CY2019Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
13261000000 USD
CY2020Q3 us-gaap Revenues
Revenues
1898000000 USD
CY2019Q3 us-gaap Revenues
Revenues
2066000000 USD
us-gaap Revenues
Revenues
5539000000 USD
us-gaap Revenues
Revenues
6235000000 USD
CY2020Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
1650000000 USD
CY2019Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
1695000000 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
4839000000 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
5225000000 USD
CY2020Q3 us-gaap Gross Profit
GrossProfit
248000000 USD
CY2019Q3 us-gaap Gross Profit
GrossProfit
371000000 USD
us-gaap Gross Profit
GrossProfit
700000000 USD
us-gaap Gross Profit
GrossProfit
1010000000 USD
CY2020Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
108000000 USD
CY2019Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
110000000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
332000000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
343000000 USD
CY2020Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
27000000 USD
CY2019Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
27000000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
81000000 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
81000000 USD
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.22
CY2020Q3 wlk Restructuring Transactionand Integration Cost
RestructuringTransactionandIntegrationCost
34000000 USD
CY2019Q3 wlk Restructuring Transactionand Integration Cost
RestructuringTransactionandIntegrationCost
8000000 USD
wlk Restructuring Transactionand Integration Cost
RestructuringTransactionandIntegrationCost
36000000 USD
wlk Restructuring Transactionand Integration Cost
RestructuringTransactionandIntegrationCost
32000000 USD
CY2020Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
79000000 USD
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
226000000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
251000000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
554000000 USD
CY2020Q3 us-gaap Interest Expense
InterestExpense
37000000 USD
CY2019Q3 us-gaap Interest Expense
InterestExpense
31000000 USD
us-gaap Interest Expense
InterestExpense
108000000 USD
us-gaap Interest Expense
InterestExpense
89000000 USD
CY2020Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
12000000 USD
CY2019Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
21000000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
32000000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
32000000 USD
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
54000000 USD
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
216000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
175000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
497000000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-15000000 USD
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
50000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-75000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
120000000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
69000000 USD
CY2019Q3 us-gaap Profit Loss
ProfitLoss
166000000 USD
us-gaap Profit Loss
ProfitLoss
250000000 USD
us-gaap Profit Loss
ProfitLoss
377000000 USD
CY2020Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
12000000 USD
CY2019Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
8000000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
33000000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
28000000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
57000000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
158000000 USD
us-gaap Net Income Loss
NetIncomeLoss
217000000 USD
us-gaap Net Income Loss
NetIncomeLoss
349000000 USD
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.45
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.22
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.69
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.70
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.45
CY2019Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-9000000 USD
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.69
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.69
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
127701340 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
128216105 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
127872434 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
128408841 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
127953907 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
128552360 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
128073066 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
128770944 shares
CY2020Q3 us-gaap Profit Loss
ProfitLoss
69000000 USD
CY2019Q3 us-gaap Profit Loss
ProfitLoss
166000000 USD
us-gaap Profit Loss
ProfitLoss
250000000 USD
us-gaap Profit Loss
ProfitLoss
377000000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
10000000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
0 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
4000000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
-9000000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
7000000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
-7000000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
9000000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
19000000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-16000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
7000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-5000000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
88000000 USD
CY2019Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
150000000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
257000000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
372000000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
13000000 USD
CY2019Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
8000000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
35000000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
27000000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
75000000 USD
CY2019Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
142000000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
222000000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6403000000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
345000000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
157000000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-32000000 USD
CY2020Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
54000000 USD
CY2020Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2000000 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
24000000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
20000000 USD
CY2020Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 USD
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
8000000 USD
CY2020Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
34000000 USD
CY2020Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
19000000 USD
CY2019Q1 us-gaap Profit Loss
ProfitLoss
82000000 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
6000000 USD
CY2020Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
34000000 USD
CY2020Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
10000000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6438000000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6437000000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
69000000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
19000000 USD
CY2020Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7000000 USD
CY2020Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
34000000 USD
CY2020Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
10000000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6488000000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6076000000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2000000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 USD
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7000000 USD
CY2019Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
33000000 USD
CY2019Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
8000000 USD
CY2019Q1 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
63000000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6185000000 USD
CY2019Q2 us-gaap Profit Loss
ProfitLoss
129000000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
13000000 USD
CY2019Q2 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
20000000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 USD
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
6000000 USD
CY2019Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
32000000 USD
CY2019Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
22000000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6259000000 USD
CY2019Q3 us-gaap Profit Loss
ProfitLoss
166000000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-16000000 USD
CY2019Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
10000000 USD
CY2019Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
0 USD
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
6000000 USD
CY2019Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
33000000 USD
CY2019Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
10000000 USD
CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6362000000 USD
us-gaap Profit Loss
ProfitLoss
250000000 USD
us-gaap Profit Loss
ProfitLoss
377000000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
577000000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
525000000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
21000000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
19000000 USD
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-26000000 USD
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-32000000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
154000000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
34000000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
23000000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
4000000 USD
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
251000000 USD
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
5000000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-108000000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-136000000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
8000000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
7000000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
17000000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-49000000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
14000000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-34000000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
65000000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
64000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
866000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
968000000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
314000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
403000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
604000000 USD
us-gaap Payments To Acquire Additional Interest In Subsidiaries
PaymentsToAcquireAdditionalInterestInSubsidiaries
0 USD
us-gaap Payments To Acquire Additional Interest In Subsidiaries
PaymentsToAcquireAdditionalInterestInSubsidiaries
45000000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
44000000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
7000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-15000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-366000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-948000000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
102000000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
98000000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
39000000 USD
us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
63000000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
40000000 USD
us-gaap Proceeds From Issuance Of Common Limited Partners Units
ProceedsFromIssuanceOfCommonLimitedPartnersUnits
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-14000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1299000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
784000000 USD
us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
-17000000 USD
us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
-4000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1100000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
54000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
30000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-6000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
669000000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
4000000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-5000000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
490000000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
684000000 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
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1240000000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1459000000 USD
CY2020Q3 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
0 USD
CY2019Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
240000000 USD
CY2020Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
23000000 USD
CY2020Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
968000000 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
22000000 USD
CY2019Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
948000000 USD
CY2020Q3 us-gaap Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
4000000 USD
CY2019Q4 us-gaap Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
12000000 USD
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
15000000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
22000000 USD
CY2020Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
957000000 USD
CY2019Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
938000000 USD
CY2020Q3 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
297000000 USD
CY2019Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
59000000 USD
CY2020Q3 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
39000000 USD
CY2019Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
39000000 USD
CY2020Q3 us-gaap Receivables Net Current
ReceivablesNetCurrent
1293000000 USD
CY2019Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
1036000000 USD
CY2020Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
451000000 USD
CY2019Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
568000000 USD
CY2020Q3 us-gaap Inventory Work In Process And Raw Materials Net Of Reserves
InventoryWorkInProcessAndRawMaterialsNetOfReserves
213000000 USD
CY2019Q4 us-gaap Inventory Work In Process And Raw Materials Net Of Reserves
InventoryWorkInProcessAndRawMaterialsNetOfReserves
210000000 USD
CY2020Q3 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
165000000 USD
CY2019Q4 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
158000000 USD
CY2020Q3 us-gaap Inventory Net
InventoryNet
829000000 USD
CY2019Q4 us-gaap Inventory Net
InventoryNet
936000000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
1074000000 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
1000000 USD
CY2020Q3 us-gaap Goodwill
Goodwill
1075000000 USD
CY2020Q3 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
446000000 USD
CY2019Q4 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
435000000 USD
CY2020Q3 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
0 USD
CY2019Q4 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
12000000 USD
CY2020Q3 us-gaap Notes Payable Current
NotesPayableCurrent
1000000 USD
CY2019Q4 us-gaap Notes Payable Current
NotesPayableCurrent
26000000 USD
CY2020Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
447000000 USD
CY2019Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
473000000 USD
CY2020Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3736000000 USD
CY2019Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.231
CY2020Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
55000000 USD
CY2020Q3 us-gaap Long Term Debt
LongTermDebt
3681000000 USD
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
3500000000 USD
CY2019Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
55000000 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
3445000000 USD
CY2020Q3 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
29000000 USD
CY2019Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
30000000 USD
CY2020Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.278
CY2019Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.429
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.241
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020Q3 wlk Cares Act Tax Benefit
CARESActTaxBenefit
27000000 USD
wlk Cares Act Tax Benefit
CARESActTaxBenefit
95000000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
57000000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
158000000 USD
us-gaap Net Income Loss
NetIncomeLoss
217000000 USD
us-gaap Net Income Loss
NetIncomeLoss
349000000 USD
CY2020Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
0 USD
CY2019Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
1000000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
1000000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
2000000 USD
CY2020Q3 wlk Net Income Loss Available To Common Stockholders
NetIncomeLossAvailableToCommonStockholders
57000000 USD
CY2019Q3 wlk Net Income Loss Available To Common Stockholders
NetIncomeLossAvailableToCommonStockholders
157000000 USD
wlk Net Income Loss Available To Common Stockholders
NetIncomeLossAvailableToCommonStockholders
216000000 USD
wlk Net Income Loss Available To Common Stockholders
NetIncomeLossAvailableToCommonStockholders
347000000 USD
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
127701340 shares
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
128216105 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
127872434 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
128408841 shares
CY2020Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
252567 shares
CY2019Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
336255 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
200632 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
362103 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
127953907 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
128552360 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
128073066 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
128770944 shares
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.45
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.22
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.69
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.70
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.45
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.22
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.69
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.69
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1298659 shares
CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
805878 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1234126 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
564676 shares
CY2020Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.2700
CY2019Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.2625
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.7950
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.7625
CY2020Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
771000000 USD
CY2019Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
768000000 USD
CY2020Q3 wlk Accrued Rebates Current
AccruedRebatesCurrent
114000000 USD
CY2020Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
93000000 USD
CY2019Q4 wlk Accrued Rebates Current
AccruedRebatesCurrent
115000000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
93000000 USD
CY2020Q3 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
37000000 USD
CY2019Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
41000000 USD
CY2020Q3 wlk Restructuring Transactionand Integration Cost
RestructuringTransactionandIntegrationCost
34000000 USD
CY2020Q3 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
8000000 USD
CY2019Q3 wlk Restructuring Transactionand Integration Cost
RestructuringTransactionandIntegrationCost
8000000 USD
CY2019Q3 us-gaap Restructuring Charges
RestructuringCharges
3000000 USD
wlk Restructuring Transactionand Integration Cost
RestructuringTransactionandIntegrationCost
36000000 USD
us-gaap Restructuring Charges
RestructuringCharges
34000000 USD
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
8000000 USD
wlk Restructuring Transactionand Integration Cost
RestructuringTransactionandIntegrationCost
32000000 USD
us-gaap Restructuring Charges
RestructuringCharges
22000000 USD
wlk Increase Decreasein Capital Expenditure Accrual
IncreaseDecreaseinCapitalExpenditureAccrual
49000000 USD
wlk Increase Decreasein Capital Expenditure Accrual
IncreaseDecreaseinCapitalExpenditureAccrual
24000000 USD
CY2020Q3 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
48000000 USD
CY2019Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
47000000 USD
wlk Site Contingency Percentageof Cost Potentiallyof Other Responsible Parties
SiteContingencyPercentageofCostPotentiallyofOtherResponsibleParties
1
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 Segment
CY2020Q3 us-gaap Revenues
Revenues
1898000000 USD
CY2019Q3 us-gaap Revenues
Revenues
2066000000 USD
us-gaap Revenues
Revenues
5539000000 USD
us-gaap Revenues
Revenues
6235000000 USD
CY2020Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
79000000 USD
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
226000000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
251000000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-15000000 USD
CY2020Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
12000000 USD
CY2019Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
21000000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
32000000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
554000000 USD
CY2020Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
196000000 USD
CY2019Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
178000000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
577000000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
525000000 USD
CY2020Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
12000000 USD
CY2019Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
21000000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
32000000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
32000000 USD
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
50000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-75000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
120000000 USD
CY2020Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
112000000 USD
CY2019Q3 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
193000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
403000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
604000000 USD
CY2020Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
79000000 USD
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
226000000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
251000000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
554000000 USD
CY2020Q3 us-gaap Interest Expense
InterestExpense
37000000 USD
CY2019Q3 us-gaap Interest Expense
InterestExpense
31000000 USD
us-gaap Interest Expense
InterestExpense
108000000 USD
us-gaap Interest Expense
InterestExpense
89000000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
32000000 USD
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
54000000 USD
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
216000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
175000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
497000000 USD
CY2020Q3 us-gaap Assets
Assets
13694000000 USD
CY2019Q4 us-gaap Assets
Assets
13261000000 USD
CY2014 us-gaap Partners Capital Account Units Sold In Public Offering
PartnersCapitalAccountUnitsSoldInPublicOffering
12937500 shares
CY2018Q4 wlk Partners Units Maximum Aggregate Offering Amount Atm
PartnersUnitsMaximumAggregateOfferingAmountATM
50000000 USD

Files In Submission

Name View Source Status
0001262823-20-000043-index-headers.html Edgar Link pending
0001262823-20-000043-index.html Edgar Link pending
0001262823-20-000043.txt Edgar Link pending
0001262823-20-000043-xbrl.zip Edgar Link pending
a2020093010qwlk.htm Edgar Link pending
a2020093010qwlk_htm.xml Edgar Link completed
exhibit31120200930.htm Edgar Link pending
exhibit31220200930.htm Edgar Link pending
exhibit32120200930.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
wlk-20200930_def.xml Edgar Link unprocessable
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
wlk-20200930.xsd Edgar Link pending
wlk-20200930_cal.xml Edgar Link unprocessable
wlk-20200930_lab.xml Edgar Link unprocessable
wlk-20200930_pre.xml Edgar Link unprocessable