Earnings and Dividends per Share (Tables)

6 Months Ended

Jun. 30, 2023

Earnings and Dividends Per Share [Abstract]

Schedule Of Net Income Attributable To Common Stockholders

Diluted earnings per share include the effects of certain stock options and performance stock units.


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Net income attributable to Westlake Corporation	$	297	$	858	$	691	$	1,614
Less:
Net income attributable to participating securities	(1)		(5)		(3)		(9)
Net income attributable to common shareholders	$	296	$	853	$	688	$	1,605

Reconciliation Of Denominator For Basic And Diluted Earnings Per Share

The following table reconciles the denominator for the basic and diluted earnings per share computations shown in the consolidated statements of operations:


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Weighted average common shares—basic	127,649,341		128,341,132		127,599,093		128,206,988
Plus incremental shares from:
Assumed exercise of options and vesting of performance stock units	834,675		999,964		872,667		927,258
Weighted average common shares—diluted	128,484,016		129,341,096		128,471,760		129,134,246

Earnings per common share attributable to Westlake Corporation:
Basic	$	2.32	$	6.65	$	5.39	$	12.52
Diluted	$	2.31	$	6.60	$	5.35	$	12.43

Dividends Per Share

Dividends per Share

Dividends declared per common share for the six months ended June 30, 2023 and 2022 were as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Dividends per common share	$	0.3570	$	0.2975	$	0.7140	$	0.5950