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Westlake WLK Contract Liabilities
Contract Liabilities at other companies
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Where this comes from
Reported directly by Westlake in its filing.
Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.
The source filing: Westlake’s 10-Q, filed August 5, 2026.
- Filed
- Aug 5, 2026, 2:27 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0001262823-26-000032
| Line item | Six Months Ended June 30, 2026 | Six Months Ended June 30, 2025 |
|---|---|---|
| Balance at January 1, | $147 | $62 |
| Revenues recognized that were included in the contract liability balances at the beginning of the period | (4) | (2) |
| Increases due to cash received and due, excluding amounts recognized as revenues during the period | 15 | — |
| Balance at June 30, | $158 | $60 |
Item 1. Financial Statements
FAQ
- What is Westlake's contract liabilities?
- Westlake (WLK) reported contract liabilities of $158M in Q2 2026.
- How has Westlake's contract liabilities changed year-over-year?
- Westlake's contract liabilities increased by 163.3% year-over-year, from $60M to $158M.
- What is the long-term trend for Westlake's contract liabilities?
- Over 2 years (2023 to 2025), Westlake's contract liabilities has grown at a 68.1% compound annual growth rate (CAGR), from $52M to $147M.
- What does contract liabilities mean?
- Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.
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