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Segment And Geographic Information | 12 Months Ended
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Dec. 31, 2011
Segment And Geographic Information [Abstract] |
Segment And Geographic Information | 19. Segment and Geographic Information Segment Information The Company operates in two principal business segments: Olefins and Vinyls. These segments are strategic business units that offer a variety of different products. The Company manages each segment separately as each business requires different technology and marketing strategies. The Company's Olefins segment manufactures and markets ethylene, polyethylene, styrene monomer and various ethylene co-products. The majority of the Company's ethylene production is used in the Company's polyethylene, styrene and VCM operations. The remainder of the Company's ethylene is sold to external customers. In addition, the Company makes ethylene co-products such as propylene, crude butadiene and hydrogen that are sold to external customers. The majority of sales in the Company's Olefins business are made under long-term agreements where contract volumes are established within a range (typically, more than one year). Earlier terminations may occur if the parties fail to agree on price and deliveries are suspended for a period of several months. In most cases, these contracts also contemplate extension of the term unless specifically terminated by one of the parties. No single customer accounted for more than 10% of sales in the Olefins segment for the years ended December 31, 2011, 2010 or 2009. The Company's Vinyls segment manufactures and markets PVC, VCM, chlorine, caustic soda and ethylene. The Company also manufactures and sells products fabricated from PVC that the Company produces, including pipe, window and door profiles and fence. The Company's main manufacturing complex is located in Calvert City. It includes an ethylene plant, a chlor-alkali plant, a VCM plant and a PVC plant. The Company also operates a PVC and VCM manufacturing facility in Geismar, Louisiana. In addition, the Company owns a 59% interest in a PVC joint venture in China. The Company uses its chlorine, VCM and PVC production to manufacture building products at the Company's 10 regional plants. For the years ended December 31, 2011 and 2009, no single customer accounted for more than 10% of sales in the Vinyls segment. For the year ended December 31, 2010, one customer in the Company's Vinyls segment accounted for 10.6% of segment net sales. The accounting policies of the individual segments are the same as those described in Note 1.
|  | Year Ended December 31, |
|  | 2011 |  |  | 2010 |  |  | 2009 |
Net external sales |  |  |  |  |  |  |  |  |  |  |  |
Olefins |  |  |  |  |  |  |  |  |  |  |  |
Polyethylene |  | $ | 1,772,144 |  |  | $ | 1,656,203 |  |  | $ | 1,210,706 |
Ethylene, styrene and other |  |  | 795,698 |  |  |  | 605,009 |  |  |  | 400,745 |
Total olefins |  |  | 2,567,842 |  |  |  | 2,261,212 |  |  |  | 1,611,451 |
Vinyls |  |  |  |  |  |  |  |  |  |  |  |
PVC, caustic soda and other |  |  | 757,314 |  |  |  | 558,156 |  |  |  | 398,825 |
Building products |  |  | 294,692 |  |  |  | 352,419 |  |  |  | 315,447 |
Total vinyls |  |  | 1,052,006 |  |  |  | 910,575 |  |  |  | 714,272 |
|  | $ | 3,619,848 |  |  | $ | 3,171,787 |  |  | $ | 2,325,723 |
Intersegment sales |  |  |  |  |  |  |  |  |  |  |  |
Olefins |  | $ | 444,889 |  |  | $ | 322,125 |  |  | $ | 233,746 |
Vinyls |  |  | 1,474 |  |  |  | 1,047 |  |  |  | 1,222 |
|  | $ | 446,363 |  |  | $ | 323,172 |  |  | $ | 234,968 |
Income (loss) from operations |  |  |  |  |  |  |  |  |  |  |  |
Olefins |  | $ | 459,266 |  |  | $ | 460,027 |  |  | $ | 177,101 |
Vinyls |  |  | 4,012 |  |  |  | (62,429 | ) |  |  | (57,445 | )
Corporate and other |  |  | (16,482 | ) |  |  | (19,234 | ) |  |  | (12,399 | )
|  | $ | 446,796 |  |  | $ | 378,364 |  |  | $ | 107,257 |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |
Olefins |  | $ | 86,915 |  |  | $ | 86,086 |  |  | $ | 82,952 |
Vinyls |  |  | 43,877 |  |  |  | 42,062 |  |  |  | 39,843 |
Corporate and other |  |  | 605 |  |  |  | 584 |  |  |  | 404 |
|  | $ | 131,397 |  |  | $ | 128,732 |  |  | $ | 123,199 |
Other income, net |  |  |  |  |  |  |  |  |  |  |  |
Olefins |  | $ | 2,813 |  |  | $ | 440 |  |  | $ | 440 |
Vinyls |  |  | 194 |  |  |  | 399 |  |  |  | 478 |
Corporate and other |  |  | 2,621 |  |  |  | 3,632 |  |  |  | 5,535 |
|  | $ | 5,628 |  |  | $ | 4,471 |  |  | $ | 6,453 |
Provision for (benefit from) income taxes |  |  |  |  |  |  |  |  |  |  |  |
Olefins |  | $ | 149,033 |  |  | $ | 147,296 |  |  | $ | 44,987 |
Vinyls |  |  | (2,193 | ) |  |  | (24,519 | ) |  |  | (31,287 | )
Corporate and other |  |  | (4,374 | ) |  |  | (1,210 | ) |  |  | 12,058 |
|  | $ | 142,466 |  |  | $ | 121,567 |  |  | $ | 25,758 |
Capital expenditures |  |  |  |  |  |  |  |  |  |  |  |
Olefins |  | $ | 90,641 |  |  | $ | 37,865 |  |  | $ | 40,251 |
Vinyls |  |  | 84,192 |  |  |  | 42,371 |  |  |  | 58,186 |
Corporate and other |  |  | 2,010 |  |  |  | 1,033 |  |  |  | 1,332 |
|  | $ | 176,843 |  |  | $ | 81,269 |  |  | $ | 99,769 |
|  | December 31, 2011 |  |  | December 31, 2010 |
Total assets |  |  |  |  |  |  |  |
Olefins |  | $ | 1,441,752 |  |  | $ | 1,351,088 |
Vinyls |  |  | 824,825 |  |  |  | 767,875 |
Corporate and other |  |  | 1,000,244 |  |  |  | 835,181 |
|  | $ | 3,266,821 |  |  | $ | 2,954,144 |
In the first quarter of 2011, in order to better reflect large buyer market related pricing, the Company changed its intersegment market pricing methodology used to account for intersegment sales of ethylene sold from the Olefins segment to the Vinyls segment. Had this pricing methodology been in effect on January 1, 2010, the impact on Olefins segment income from operations for 2010 would be a reduction of $29,813. This reduction would be offset by an improvement in the Vinyls and Corporate segments' operating results for 2010 of $25,536 and $4,277, respectively. If this pricing methodology were in effect on January 1, 2009, income from operations for the Olefins segment for 2009 would have increased by $2,979. This increase would be offset by a reduction in the Vinyls and Corporate segments' operating results for 2009 of $2,847 and $132, respectively. The impact on the Corporate segment's loss from operations for 2010 and 2009 is attributable to changes in intercompany profit in inventory reserve related to sales from the Olefins segment to the Vinyls segment. There would be no impact on the Company's reported consolidated income from operations for 2010 or 2009. A reconciliation of total segment income from operations to consolidated income before income taxes is as follows:
|  | Year Ended December 31, |
|  | 2011 |  |  | 2010 |  |  | 2009 |
Income from operations for reportable segments |  | $ | 446,796 |  |  | $ | 378,364 |  |  | $ | 107,257 |
Interest expense |  |  | (50,992 | ) |  |  | (39,875 | ) |  |  | (34,957 | )
Other income, net |  |  | 5,628 |  |  |  | 4,471 |  |  |  | 6,453 |
Income before income taxes |  | $ | 401,432 |  |  | $ | 342,960 |  |  | $ | 78,753 |
Geographic Information
|  | Year Ended December 31, |
|  | 2011 |  |  | 2010 |  |  | 2009 |
Sales to external customers (1) |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 3,221,562 |  |  | $ | 2,832,980 |  |  | $ | 2,088,344 |
Foreign |  |  |  |  |  |  |  |  |  |  |  |
Canada |  |  | 247,357 |  |  |  | 214,662 |  |  |  | 154,972 |
Singapore |  |  | 29,210 |  |  |  | 32,733 |  |  |  | 27,300 |
Other |  |  | 121,719 |  |  |  | 91,412 |  |  |  | 55,107 |
|  | $ | 3,619,848 |  |  | $ | 3,171,787 |  |  | $ | 2,325,723 |
|  | December 31, 2011 |  |  | December 31, 2010 |
Long-lived assets |  |  |  |  |  |  |  |
United States |  | $ | 1,223,073 |  |  | $ | 1,159,051 |
Foreign |  |  | 8,993 |  |  |  | 11,283 |
|  | $ | 1,232,066 |  |  | $ | 1,170,334 |
(1) | Revenues are attributed to countries based on location of customer.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 + Details
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