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Segment Information | 3 Months Ended
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Mar. 31, 2017
Segment Reporting [Abstract] |
Segment Information | Segment Information The Company operates in two principal operating 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.
|  | Three Months Ended March 31,
|  | 2017 |  | 2016
Net external sales |  |  |  |
Olefins |  |  |  |
Polyethylene |  | $ | 385,942 |  |  | $ | 346,032 |
Styrene, feedstock and other |  | 157,053 |  |  | 84,988 |
Total Olefins |  | 542,995 |  |  | 431,020 |
Vinyls |  |  |  |
PVC, caustic soda and other |  | 1,131,129 |  |  | 430,902 |
Building products |  | 268,492 |  |  | 113,265 |
Total Vinyls |  | 1,399,621 |  |  | 544,167 |
|  | $ | 1,942,616 |  |  | $ | 975,187 |
Intersegment sales |  |  |  |
Olefins |  | $ | 85,944 |  |  | $ | 27,949 |
Vinyls |  | 292 |  |  | 364 |
|  | $ | 86,236 |  |  | $ | 28,313 |
|  | Three Months Ended March 31,
|  | 2017 |  | 2016
Income (loss) from operations |  |  |  |
Olefins |  | $ | 179,817 |  |  | $ | 149,235 |
Vinyls |  | 71,441 |  |  | 62,116 |
Corporate and other |  | (15,960 | ) |  | (9,075 | )
|  | $ | 235,298 |  |  | $ | 202,276 |
Depreciation and amortization |  |  |  |
Olefins |  | $ | 41,040 |  |  | $ | 28,697 |
Vinyls |  | 107,273 |  |  | 36,287 |
Corporate and other |  | 1,956 |  |  | 730 |
|  | $ | 150,269 |  |  | $ | 65,714 |
Other income (expense), net |  |  |  |
Olefins |  | $ | 1,370 |  |  | $ | 1,513 |
Vinyls |  | 3,878 |  |  | (1,519 | )
Corporate and other |  | (177 | ) |  | 2,651 |
|  | $ | 5,071 |  |  | $ | 2,645 |
Provision for (benefit from) income taxes |  |  |  |
Olefins |  | $ | 57,811 |  |  | $ | 52,533 |
Vinyls |  | 14,958 |  |  | 17,270 |
Corporate and other |  | (16,886 | ) |  | (503 | )
|  | $ | 55,883 |  |  | $ | 69,300 |
Capital expenditures |  |  |  |
Olefins |  | $ | 25,350 |  |  | $ | 95,152 |
Vinyls |  | 108,081 |  |  | 40,256 |
Corporate and other |  | 854 |  |  | 920 |
|  | $ | 134,285 |  |  | $ | 136,328 |
A reconciliation of total segment income from operations to consolidated income before income taxes is as follows:
|  | Three Months Ended March 31,
|  | 2017 |  | 2016
Income from operations |  | $ | 235,298 |  |  | $ | 202,276 |
Interest expense |  | (39,776 | ) |  | (6,685 | )
Other income, net |  | 5,071 |  |  | 2,645 |
Income before income taxes |  | $ | 200,593 |  |  | $ | 198,236 |
|  | March 31, 2017 |  | December 31, 2016
Total assets |  |  |  |
Olefins |  | $ | 2,120,429 |  |  | $ | 2,092,617 |
Vinyls |  | 8,214,203 |  |  | 8,287,204 |
Corporate and other |  | 390,198 |  |  | 510,432 |
|  | $ | 10,724,830 |  |  | $ | 10,890,253 |

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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 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: 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=68060357&loc=d3e9038-108599 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=68060357&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 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: 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=68060357&loc=d3e8380-108599 Reference 6: 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=68060357&loc=d3e8933-108599 Reference 7: 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=68060357&loc=d3e8844-108599 Reference 8: 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=68060357&loc=d3e8984-108599 Reference 9: 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=68060357&loc=d3e9031-108599 Reference 10: 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=68060357&loc=d3e9054-108599 Reference 11: 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=68060357&loc=d3e8538-108599 Reference 12: 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=68060357&loc=d3e8864-108599 Reference 13: 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=68060357&loc=d3e8924-108599 Reference 14: 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=68060357&loc=d3e8906-108599 + Details
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