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Acquisitions (Tables) | 3 Months Ended
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Mar. 31, 2023
Business Combination and Asset Acquisition [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The information below represents the final purchase price allocation:
Cash |  | $ | 42 |  |
Accounts receivable |  | 299 |  |
Inventories |  | 346 |  |
Prepaid expenses and other current assets |  | 22 |  |
Property, plant and equipment |  | 664 |  |
Operating lease right-of-use assets |  | 59 |  |
Intangible assets |  | 145 |  |
Other assets |  | 104 |  |
Total assets acquired |  | 1,681 |  |
Accounts payable |  | 189 |  |
Accrued and other liabilities |  | 88 |  |
Deferred income taxes |  | 96 |  |
Pensions and other post-retirement benefits |  | 163 |  |
Operating lease liabilities |  | 48 |  |
Other liabilities |  | 19 |  |
Total liabilities assumed |  | 603 |  |
Total identifiable net assets acquired |  | 1,078 |  |
Noncontrolling interest |  | (2) |  |
Goodwill |  | 131 |  |
Total Westlake Corporation purchase consideration |  | $ | 1,207 |  |

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
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