Company Quick10K Filing
LyondellBasell
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 370 $32,090
10-Q 2019-11-01 Quarter: 2019-09-30
10-Q 2019-08-02 Quarter: 2019-06-30
10-Q 2019-04-26 Quarter: 2019-03-31
10-K 2019-02-21 Annual: 2018-12-31
10-Q 2018-10-30 Quarter: 2018-09-30
10-Q 2018-08-03 Quarter: 2018-06-30
10-Q 2018-04-27 Quarter: 2018-03-31
10-K 2018-02-22 Annual: 2017-12-31
10-Q 2017-10-27 Quarter: 2017-09-30
10-Q 2017-07-28 Quarter: 2017-06-30
10-Q 2017-04-28 Quarter: 2017-03-31
10-K 2017-02-17 Annual: 2016-12-31
10-Q 2016-11-01 Quarter: 2016-09-30
10-Q 2016-07-29 Quarter: 2016-06-30
10-Q 2016-04-22 Quarter: 2016-03-31
10-K 2016-02-16 Annual: 2015-12-31
10-Q 2015-10-23 Quarter: 2015-09-30
10-Q 2015-07-28 Quarter: 2015-06-30
10-Q 2015-04-24 Quarter: 2015-03-31
10-K 2015-02-17 Annual: 2014-12-31
10-Q 2014-10-24 Quarter: 2014-09-30
10-Q 2014-07-25 Quarter: 2014-06-30
10-Q 2014-04-29 Quarter: 2014-03-31
10-K 2014-02-20 Annual: 2013-12-31
10-Q 2013-10-29 Quarter: 2013-09-30
10-Q 2013-07-26 Quarter: 2013-06-30
10-Q 2013-04-26 Quarter: 2013-03-31
10-K 2013-02-12 Annual: 2012-12-31
10-Q 2012-10-26 Quarter: 2012-09-30
10-Q 2012-07-27 Quarter: 2012-06-30
10-Q 2012-04-30 Quarter: 2012-03-31
10-K 2012-02-29 Annual: 2011-12-31
10-Q 2011-11-01 Quarter: 2011-09-30
10-Q 2011-08-15 Quarter: 2011-06-30
10-Q 2011-05-05 Quarter: 2011-03-31
10-K 2011-03-18 Annual: 2010-12-31
8-K 2020-01-31 Earnings, Exhibits
8-K 2019-11-01 Earnings, Exhibits
8-K 2019-10-10 Officers, Exhibits
8-K 2019-10-10 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-09-26 Other Events, Exhibits
8-K 2019-09-17 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-09-12 Shareholder Vote, Other Events
8-K 2019-09-10 Other Events, Exhibits
8-K 2019-08-02 Earnings, Exhibits
8-K 2019-06-04 Regulation FD, Exhibits
8-K 2019-05-31 Officers, Shareholder Vote, Exhibits
8-K 2019-04-26 Earnings, Exhibits
8-K 2019-03-29 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2019-03-05 Officers
8-K 2019-02-08 Off-BS Arrangement, Exhibits
8-K 2019-02-01 Earnings, Exhibits
8-K 2018-11-29 Officers, Exhibits
8-K 2018-10-30 Earnings, Exhibits
8-K 2018-08-21 M&A, Regulation FD, Exhibits
8-K 2018-08-03 Earnings, Exhibits
8-K 2018-07-25 Regulation FD, Exhibits
8-K 2018-07-24 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-07-19 Officers, Exhibits
8-K 2018-06-01 Enter Agreement, Officers, Amend Bylaw, Shareholder Vote, Other Events, Exhibits
8-K 2018-04-27 Earnings, Exhibits
8-K 2018-03-30 Officers, Exhibits
8-K 2018-02-15 Enter Agreement, Regulation FD, Exhibits
8-K 2018-02-02 Earnings, Exhibits
LYB 2019-09-30
Part I. Financial Information
Item 1. Consolidated Financial Statements (Unaudited)
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 3. Quantitative and Qualitative Disclosures About Market Risk
Item 4. Controls and Procedures
Part II. Other Information
Item 1. Legal Proceedings
Item 1A. Risk Factors
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Item 4. Mine Safety Disclosures
Item 6. Exhibits
EX-31.1 a2019q3exhibit311.htm
EX-31.2 a2019q3exhibit312.htm
EX-32.1 a2019q3exhibit32.htm

LyondellBasell Earnings 2019-09-30

LYB 10Q Quarterly Report

Balance SheetIncome StatementCash Flow

Comparables ($MM TTM)
Ticker M Cap Assets Liab Rev G Profit Net Inc EBITDA EV G Margin EV/EBITDA ROA
APD 49,595 19,532 7,805 8,935 2,884 1,750 3,387 49,850 32% 14.7 9%
DWDP 39,519 70,843 28,267 65,339 16,073 1,082 6,945 53,426 25% 7.7 2%
LYB 32,090 31,171 20,450 36,857 5,642 3,625 5,971 38,372 15% 6.4 12%
IFF 16,398 13,348 7,023 4,716 1,956 361 891 20,456 41% 23.0 3%
CE 13,378 9,506 6,252 6,739 1,812 1,049 1,718 16,536 27% 9.6 11%
FMC 10,857 9,824 7,061 4,653 2,083 503 787 13,305 45% 16.9 5%
EMN 10,762 16,256 10,310 9,666 2,357 915 1,724 16,200 24% 9.4 6%
WLK 8,701 12,216 5,957 8,419 1,532 660 1,640 10,985 18% 6.7 5%
ALB 7,392 8,094 4,294 3,417 1,210 600 914 8,883 35% 9.7 7%
HXL 6,722 3,195 1,753 2,320 629 219 473 7,792 27% 16.5 7%

Document
false--12-31Q320190001489393September 2019202720272022202320312043204420262021202420552020202220272021202120200All financial instruments in the table above are classified as Level 2. There were no transfers between Level 1 and Level 2 for any of our financial instruments during the nine months ended September 30, 2019 and the year ended December 31, 2018.15.0015.0015.0045.0000100000001000000010000000490000001.003.001.053.100.040.04127500000012750000003756966613334078763000000001000000000750000000750000000750000000100000000010000000001000000000100000000010000000000.0810.0350.018750.0400.05250.048750.0500.0600.05750.04625The notes may be redeemed before the date that is three months prior to the scheduled maturity date at a redemption price equal to the greater of 100% of the principal amount of the notes redeemed and the sum of the present values of the remaining scheduled payments of principal and interest (discounted at the applicable Comparable Government Bond Rate plus 30 basis points in the case of the 2026 Notes and 35 basis points in the case of the 2031 Notes) on the notes to be redeemed. The notes may also be redeemed on or after the date that is three months prior to the scheduled maturity date of the notes at a redemption price equal to 100% of the principal amount of the notes redeemed plus accrued and unpaid interest. The notes are also redeemable upon certain tax events.800000010000004000000600000020000000110000002000000160000000065000000061700000020000000004000000000P3Y111300000020000003997000000300000096500000040000002782000000700000009740000002000000000115374245136196680240460000002000000300000030000007000000900000040000004000000600000011000000 0001489393 2019-01-01 2019-09-30 0001489393 country:GB 2019-01-01 2019-09-30 0001489393 country:US 2019-01-01 2019-09-30 0001489393 country:NL 2019-01-01 2019-09-30 0001489393 2019-10-30 0001489393 2019-07-01 2019-09-30 0001489393 2018-07-01 2018-09-30 0001489393 2018-01-01 2018-09-30 0001489393 2018-12-31 0001489393 2019-09-30 0001489393 2018-09-30 0001489393 2017-12-31 0001489393 us-gaap:AdditionalPaidInCapitalMember 2019-09-30 0001489393 us-gaap:AdditionalPaidInCapitalMember 2019-07-01 2019-09-30 0001489393 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-07-01 2019-09-30 0001489393 us-gaap:NoncontrollingInterestMember 2019-07-01 2019-09-30 0001489393 us-gaap:TreasuryStockMember 2019-06-30 0001489393 us-gaap:TreasuryStockMember 2019-07-01 2019-09-30 0001489393 us-gaap:RetainedEarningsMember 2019-07-01 2019-09-30 0001489393 us-gaap:ParentMember 2019-06-30 0001489393 us-gaap:ParentMember 2019-07-01 2019-09-30 0001489393 us-gaap:CommonStockMember 2019-07-01 2019-09-30 0001489393 us-gaap:RetainedEarningsMember 2019-06-30 0001489393 us-gaap:NoncontrollingInterestMember 2019-06-30 0001489393 us-gaap:NoncontrollingInterestMember 2019-09-30 0001489393 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-06-30 0001489393 us-gaap:CommonStockMember 2019-09-30 0001489393 us-gaap:TreasuryStockMember 2019-09-30 0001489393 us-gaap:AdditionalPaidInCapitalMember 2019-06-30 0001489393 us-gaap:ParentMember 2019-09-30 0001489393 us-gaap:RetainedEarningsMember 2019-09-30 0001489393 us-gaap:CommonStockMember 2019-06-30 0001489393 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-09-30 0001489393 us-gaap:TreasuryStockMember 2018-01-01 2018-09-30 0001489393 us-gaap:CommonStockMember 2018-01-01 2018-09-30 0001489393 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-09-30 0001489393 us-gaap:AdditionalPaidInCapitalMember 2018-09-30 0001489393 us-gaap:RetainedEarningsMember 2018-01-01 2018-09-30 0001489393 us-gaap:NoncontrollingInterestMember 2018-09-30 0001489393 us-gaap:NoncontrollingInterestMember 2018-01-01 2018-09-30 0001489393 us-gaap:TreasuryStockMember 2017-12-31 0001489393 us-gaap:ParentMember 2018-01-01 2018-09-30 0001489393 us-gaap:AdditionalPaidInCapitalMember 2018-01-01 2018-09-30 0001489393 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-09-30 0001489393 us-gaap:RetainedEarningsMember 2018-09-30 0001489393 us-gaap:ParentMember 2018-09-30 0001489393 us-gaap:RetainedEarningsMember 2017-12-31 0001489393 us-gaap:CommonStockMember 2017-12-31 0001489393 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0001489393 us-gaap:TreasuryStockMember 2018-09-30 0001489393 us-gaap:NoncontrollingInterestMember 2017-12-31 0001489393 us-gaap:AdditionalPaidInCapitalMember 2017-12-31 0001489393 us-gaap:CommonStockMember 2018-09-30 0001489393 us-gaap:ParentMember 2017-12-31 0001489393 us-gaap:RetainedEarningsMember 2018-07-01 2018-09-30 0001489393 us-gaap:CommonStockMember 2018-07-01 2018-09-30 0001489393 us-gaap:TreasuryStockMember 2018-07-01 2018-09-30 0001489393 us-gaap:AdditionalPaidInCapitalMember 2018-07-01 2018-09-30 0001489393 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-07-01 2018-09-30 0001489393 us-gaap:NoncontrollingInterestMember 2018-07-01 2018-09-30 0001489393 us-gaap:ParentMember 2018-07-01 2018-09-30 0001489393 us-gaap:TreasuryStockMember 2018-06-30 0001489393 us-gaap:NoncontrollingInterestMember 2018-06-30 0001489393 us-gaap:ParentMember 2018-06-30 0001489393 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-06-30 0001489393 us-gaap:RetainedEarningsMember 2018-06-30 0001489393 us-gaap:CommonStockMember 2018-06-30 0001489393 us-gaap:AdditionalPaidInCapitalMember 2018-06-30 0001489393 us-gaap:RetainedEarningsMember 2019-01-01 2019-09-30 0001489393 us-gaap:TreasuryStockMember 2019-01-01 2019-09-30 0001489393 us-gaap:NoncontrollingInterestMember 2019-01-01 2019-09-30 0001489393 us-gaap:ParentMember 2019-01-01 2019-09-30 0001489393 us-gaap:CommonStockMember 2019-01-01 2019-09-30 0001489393 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-09-30 0001489393 us-gaap:NoncontrollingInterestMember 2018-12-31 0001489393 us-gaap:RetainedEarningsMember 2018-12-31 0001489393 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-09-30 0001489393 us-gaap:CommonStockMember 2018-12-31 0001489393 us-gaap:ParentMember 2018-12-31 0001489393 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0001489393 us-gaap:TreasuryStockMember 2018-12-31 0001489393 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0001489393 2018-08-21 2018-08-21 0001489393 country:JP 2018-07-01 2018-09-30 0001489393 country:US 2018-01-01 2018-09-30 0001489393 country:JP 2019-07-01 2019-09-30 0001489393 country:US 2019-07-01 2019-09-30 0001489393 country:JP 2018-01-01 2018-09-30 0001489393 country:US 2018-07-01 2018-09-30 0001489393 country:NL 2019-01-01 2019-09-30 0001489393 lyb:NonReportableGeographicalComponentsMember 2018-01-01 2018-09-30 0001489393 lyb:NonReportableGeographicalComponentsMember 2019-01-01 2019-09-30 0001489393 country:IT 2019-01-01 2019-09-30 0001489393 country:IT 2019-07-01 2019-09-30 0001489393 country:MX 2018-07-01 2018-09-30 0001489393 country:CN 2018-07-01 2018-09-30 0001489393 country:MX 2018-01-01 2018-09-30 0001489393 country:CN 2019-07-01 2019-09-30 0001489393 country:NL 2018-01-01 2018-09-30 0001489393 country:US 2019-01-01 2019-09-30 0001489393 country:IT 2018-01-01 2018-09-30 0001489393 country:DE 2018-07-01 2018-09-30 0001489393 country:DE 2019-07-01 2019-09-30 0001489393 country:DE 2019-01-01 2019-09-30 0001489393 country:JP 2019-01-01 2019-09-30 0001489393 country:FR 2018-01-01 2018-09-30 0001489393 country:FR 2019-07-01 2019-09-30 0001489393 country:MX 2019-07-01 2019-09-30 0001489393 country:NL 2018-07-01 2018-09-30 0001489393 country:IT 2018-07-01 2018-09-30 0001489393 country:MX 2019-01-01 2019-09-30 0001489393 country:CN 2019-01-01 2019-09-30 0001489393 country:NL 2019-07-01 2019-09-30 0001489393 lyb:NonReportableGeographicalComponentsMember 2018-07-01 2018-09-30 0001489393 country:FR 2019-01-01 2019-09-30 0001489393 country:FR 2018-07-01 2018-09-30 0001489393 country:DE 2018-01-01 2018-09-30 0001489393 country:CN 2018-01-01 2018-09-30 0001489393 lyb:NonReportableGeographicalComponentsMember 2019-07-01 2019-09-30 0001489393 lyb:PolyethyleneMember 2018-07-01 2018-09-30 0001489393 lyb:PoAndDerivativesMember 2019-07-01 2019-09-30 0001489393 lyb:PolypropyleneMember 2018-01-01 2018-09-30 0001489393 lyb:OxyfuelsAndRelatedProductsMember 2019-01-01 2019-09-30 0001489393 lyb:AdvancedpolymersMember 2018-07-01 2018-09-30 0001489393 lyb:OlefinsAndCoProductsMember 2019-07-01 2019-09-30 0001489393 lyb:AdvancedpolymersMember 2018-01-01 2018-09-30 0001489393 lyb:OxyfuelsAndRelatedProductsMember 2019-07-01 2019-09-30 0001489393 lyb:RefinedProductsMember 2018-07-01 2018-09-30 0001489393 lyb:OxyfuelsAndRelatedProductsMember 2018-07-01 2018-09-30 0001489393 lyb:CompoundingandsolutionsMember 2018-07-01 2018-09-30 0001489393 lyb:AdvancedpolymersMember 2019-01-01 2019-09-30 0001489393 lyb:IntermediateChemicalsMember 2019-07-01 2019-09-30 0001489393 lyb:PolypropyleneMember 2019-07-01 2019-09-30 0001489393 lyb:OlefinsAndCoProductsMember 2019-01-01 2019-09-30 0001489393 lyb:RefinedProductsMember 2019-01-01 2019-09-30 0001489393 lyb:IntermediateChemicalsMember 2018-01-01 2018-09-30 0001489393 lyb:PolyethyleneMember 2019-01-01 2019-09-30 0001489393 lyb:RefinedProductsMember 2018-01-01 2018-09-30 0001489393 lyb:PoAndDerivativesMember 2018-01-01 2018-09-30 0001489393 lyb:CompoundingandsolutionsMember 2019-01-01 2019-09-30 0001489393 lyb:RefinedProductsMember 2019-07-01 2019-09-30 0001489393 lyb:PoAndDerivativesMember 2018-07-01 2018-09-30 0001489393 lyb:PolypropyleneMember 2018-07-01 2018-09-30 0001489393 lyb:IntermediateChemicalsMember 2018-07-01 2018-09-30 0001489393 lyb:OxyfuelsAndRelatedProductsMember 2018-01-01 2018-09-30 0001489393 lyb:CompoundingandsolutionsMember 2018-01-01 2018-09-30 0001489393 lyb:CompoundingandsolutionsMember 2019-07-01 2019-09-30 0001489393 lyb:IntermediateChemicalsMember 2019-01-01 2019-09-30 0001489393 lyb:OtherProductsMember 2018-07-01 2018-09-30 0001489393 lyb:OlefinsAndCoProductsMember 2018-07-01 2018-09-30 0001489393 lyb:OlefinsAndCoProductsMember 2018-01-01 2018-09-30 0001489393 lyb:PoAndDerivativesMember 2019-01-01 2019-09-30 0001489393 lyb:OtherProductsMember 2018-01-01 2018-09-30 0001489393 lyb:PolypropyleneMember 2019-01-01 2019-09-30 0001489393 lyb:PolyethyleneMember 2018-01-01 2018-09-30 0001489393 lyb:PolyethyleneMember 2019-07-01 2019-09-30 0001489393 lyb:OtherProductsMember 2019-01-01 2019-09-30 0001489393 lyb:AdvancedpolymersMember 2019-07-01 2019-09-30 0001489393 lyb:OtherProductsMember 2019-07-01 2019-09-30 0001489393 lyb:U.S.ReceivablesFacilityMember 2018-12-31 0001489393 lyb:USD2000millionSeniorCreditAgreementMember 2019-09-30 0001489393 us-gaap:ShortTermDebtMember 2018-12-31 0001489393 us-gaap:RevolvingCreditFacilityMember 2018-12-31 0001489393 us-gaap:CommercialPaperMember 2018-12-31 0001489393 us-gaap:RevolvingCreditFacilityMember 2019-09-30 0001489393 lyb:PreciousMetalFinancingsMember 2019-09-30 0001489393 us-gaap:ShortTermDebtMember 2019-09-30 0001489393 lyb:U.S.ReceivablesFacilityMember 2019-09-30 0001489393 us-gaap:CommercialPaperMember 2019-09-30 0001489393 lyb:PreciousMetalFinancingsMember 2018-12-31 0001489393 lyb:TermLoandue2022Member 2019-09-30 0001489393 lyb:GuaranteedNotes2Due2027Member 2018-12-31 0001489393 lyb:GuaranteedNotesDue2022Member 2018-12-31 0001489393 lyb:SeniorNotesDue2055Member 2019-09-30 0001489393 lyb:TermLoandue2020Member 2019-09-30 0001489393 lyb:SeniorNotesDue2019Member 2019-09-30 0001489393 lyb:SeniorNotesDue2055Member 2018-12-31 0001489393 lyb:GuaranteedNotes1Due2027Member 2018-12-31 0001489393 lyb:GuaranteedNotesDue2043Member 2019-09-30 0001489393 lyb:SeniorNotesDue2024Member 2018-12-31 0001489393 lyb:SeniorNotesDue2019Member 2018-12-31 0001489393 lyb:GuaranteedNotesDue2022Member 2019-09-30 0001489393 lyb:GuaranteedNotes2Due2027Member 2019-09-30 0001489393 lyb:GuaranteedNotesDue2044Member 2019-09-30 0001489393 lyb:GuaranteedNotesDue2023Member 2019-09-30 0001489393 lyb:SeniorNotesDue2021Member 2018-12-31 0001489393 lyb:Guaranteednotesdue2026Member 2019-09-30 0001489393 lyb:SeniorNotesDue2024Member 2019-09-30 0001489393 lyb:OtherLongTermDebtMember 2018-12-31 0001489393 lyb:OtherLongTermDebtMember 2019-09-30 0001489393 lyb:SeniorNotesDue2021Member 2019-09-30 0001489393 lyb:GuaranteedNotesDue2031Member 2019-09-30 0001489393 lyb:GuaranteedNotesDue2043Member 2018-12-31 0001489393 lyb:GuaranteedNotes1Due2027Member 2019-09-30 0001489393 lyb:GuaranteedNotesDue2023Member 2018-12-31 0001489393 lyb:GuaranteedNotesDue2044Member 2018-12-31 0001489393 lyb:U.S.ReceivablesFacilityMember 2019-01-01 2019-09-30 0001489393 lyb:Guaranteednotesdue2026Member 2019-09-01 2019-09-30 0001489393 lyb:USD2000millionSeniorCreditAgreementMember 2019-02-01 2019-02-28 0001489393 lyb:Guaranteednotesdue2049Member us-gaap:SubsequentEventMember 2019-10-01 2019-10-31 0001489393 us-gaap:RevolvingCreditFacilityMember 2019-01-01 2019-09-30 0001489393 lyb:TenderOfferMember 2019-07-01 2019-07-31 0001489393 lyb:GuaranteedNotesDue2031Member 2019-07-01 2019-09-30 0001489393 lyb:TermLoandue2022Member 2019-01-01 2019-09-30 0001489393 lyb:Guaranteednotesdue2049Member us-gaap:SubsequentEventMember 2019-10-31 0001489393 lyb:TermLoandue2022Member lyb:TenderOfferMember 2019-07-01 2019-07-31 0001489393 lyb:USD2000millionSeniorCreditAgreementMember 2019-01-01 2019-09-30 0001489393 lyb:SeniorNotesDue2019Member 2019-02-01 2019-02-28 0001489393 lyb:TenderOfferMember us-gaap:CommercialPaperMember 2019-07-01 2019-07-31 0001489393 lyb:USD2000millionSeniorCreditAgreementMember us-gaap:SubsequentEventMember 2019-10-01 2019-10-31 0001489393 lyb:Guaranteednotesdue2026Member 2019-07-01 2019-09-30 0001489393 lyb:TermLoandue2022Member 2019-09-01 2019-09-30 0001489393 lyb:SeniorNotesDue2019Member 2019-01-01 2019-09-30 0001489393 lyb:TenderOfferMember lyb:U.S.ReceivablesFacilityMember 2019-07-01 2019-07-31 0001489393 lyb:TermLoandue2022Member 2019-04-01 2019-06-30 0001489393 us-gaap:CommercialPaperMember 2019-01-01 2019-09-30 0001489393 lyb:TermLoandue2022Member 2019-01-01 2019-03-31 0001489393 lyb:TermLoandue2022Member 2019-03-31 0001489393 lyb:SeniorNotesDue2021Member 2018-01-01 2018-09-30 0001489393 2014-01-01 2019-09-30 0001489393 lyb:SeniorNotesDue2019Member 2014-01-01 2019-09-30 0001489393 lyb:SeniorNotesDue2019Member 2018-01-01 2018-09-30 0001489393 lyb:GuaranteedNotesDue2022Member 2019-01-01 2019-09-30 0001489393 lyb:SeniorNotesDue2021Member 2019-01-01 2019-09-30 0001489393 lyb:GuaranteedNotes2Due2027Member 2018-07-01 2018-09-30 0001489393 lyb:GuaranteedNotes2Due2027Member 2019-01-01 2019-09-30 0001489393 lyb:SeniorNotesDue2021Member 2016-01-01 2018-12-31 0001489393 lyb:GuaranteedNotesDue2022Member 2019-07-01 2019-09-30 0001489393 lyb:SeniorNotesDue2021Member 2018-07-01 2018-09-30 0001489393 lyb:GuaranteedNotesDue2022Member 2018-07-01 2018-09-30 0001489393 lyb:SeniorNotesDue2019Member 2019-07-01 2019-09-30 0001489393 lyb:GuaranteedNotes2Due2027Member 2017-01-01 2018-12-31 0001489393 lyb:SeniorNotesDue2021Member 2019-07-01 2019-09-30 0001489393 lyb:GuaranteedNotes2Due2027Member 2017-01-01 2019-09-30 0001489393 lyb:GuaranteedNotesDue2022Member 2018-01-01 2018-12-31 0001489393 lyb:GuaranteedNotesDue2022Member 2018-01-01 2019-09-30 0001489393 lyb:GuaranteedNotes2Due2027Member 2018-01-01 2018-09-30 0001489393 lyb:SeniorNotesDue2019Member 2018-07-01 2018-09-30 0001489393 lyb:GuaranteedNotesDue2022Member 2018-01-01 2018-09-30 0001489393 lyb:SeniorNotesDue2019Member 2014-01-01 2018-12-31 0001489393 lyb:GuaranteedNotes2Due2027Member 2019-07-01 2019-09-30 0001489393 2014-01-01 2018-12-31 0001489393 lyb:SeniorNotesDue2021Member 2016-01-01 2019-09-30 0001489393 lyb:GuaranteedNotesDue2023Member 2019-01-01 2019-09-30 0001489393 lyb:GuaranteedNotesDue2031Member 2019-01-01 2019-09-30 0001489393 lyb:GuaranteedNotesDue2044Member 2019-01-01 2019-09-30 0001489393 lyb:Guaranteednotesdue2026Member 2019-01-01 2019-09-30 0001489393 lyb:GuaranteedNotes1Due2027Member 2019-01-01 2019-09-30 0001489393 lyb:TermLoandue2020Member 2019-01-01 2019-09-30 0001489393 lyb:GuaranteedNotesDue2043Member 2019-01-01 2019-09-30 0001489393 lyb:SeniorNotesDue2055Member 2019-01-01 2019-09-30 0001489393 lyb:SeniorNotesDue2024Member 2019-01-01 2019-09-30 0001489393 lyb:TermLoandue2022Member 2019-06-30 0001489393 srt:MinimumMember 2019-09-30 0001489393 us-gaap:AccountingStandardsUpdate201602Member 2019-01-01 0001489393 srt:MaximumMember 2019-09-30 0001489393 srt:MinimumMember 2019-01-01 2019-09-30 0001489393 us-gaap:AccruedLiabilitiesMember 2019-09-30 0001489393 lyb:NonDerivativeMember us-gaap:FairValueMeasurementsNonrecurringMember 2018-12-31 0001489393 lyb:NonDerivativeMember us-gaap:FairValueMeasurementsNonrecurringMember 2019-09-30 0001489393 us-gaap:BondsMember 2018-12-31 0001489393 us-gaap:BondsMember 2018-01-01 2018-12-31 0001489393 us-gaap:DerivativeMember us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember us-gaap:FairValueInputsLevel2Member us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember 2019-09-30 0001489393 us-gaap:DerivativeMember us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember us-gaap:FairValueInputsLevel2Member us-gaap:InterestRateContractMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0001489393 us-gaap:DerivativeMember us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember us-gaap:FairValueInputsLevel2Member us-gaap:CommodityContractMember us-gaap:NondesignatedMember 2019-09-30 0001489393 us-gaap:DerivativeMember us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember us-gaap:FairValueInputsLevel2Member us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember 2018-12-31 0001489393 us-gaap:DerivativeMember us-gaap:OtherAssetsMember us-gaap:FairValueInputsLevel2Member us-gaap:InterestRateContractMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0001489393 us-gaap:DerivativeMember us-gaap:OtherLiabilitiesMember us-gaap:FairValueInputsLevel2Member us-gaap:ForeignExchangeContractMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0001489393 us-gaap:DerivativeMember us-gaap:AccruedLiabilitiesMember us-gaap:FairValueInputsLevel1Member us-gaap:CommodityContractMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0001489393 lyb:NonDerivativeMember us-gaap:AccruedLiabilitiesMember us-gaap:PerformanceSharesMember 2019-09-30 0001489393 us-gaap:DerivativeMember us-gaap:OtherAssetsMember us-gaap:FairValueInputsLevel2Member us-gaap:InterestRateContractMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0001489393 us-gaap:DerivativeMember us-gaap:OtherLiabilitiesMember us-gaap:FairValueInputsLevel2Member us-gaap:InterestRateContractMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0001489393 us-gaap:DerivativeMember us-gaap:AccruedLiabilitiesMember us-gaap:FairValueInputsLevel2Member us-gaap:CommodityContractMember us-gaap:NondesignatedMember 2019-09-30 0001489393 us-gaap:DerivativeMember us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember us-gaap:FairValueInputsLevel2Member us-gaap:InterestRateContractMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0001489393 lyb:NonDerivativeMember us-gaap:ShortTermInvestmentsMember lyb:InvestmentsInEquitySecuritiesMember 2018-12-31 0001489393 lyb:NonDerivativeMember us-gaap:ShortTermInvestmentsMember lyb:AvailableForSaleDebtSecuritiesMember 2019-09-30 0001489393 lyb:NonDerivativeMember us-gaap:ShortTermInvestmentsMember lyb:InvestmentsInEquitySecuritiesMember 2019-09-30 0001489393 us-gaap:DerivativeMember us-gaap:OtherAssetsMember us-gaap:FairValueInputsLevel2Member us-gaap:ForeignExchangeContractMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0001489393 us-gaap:DerivativeMember us-gaap:AccruedLiabilitiesMember us-gaap:FairValueInputsLevel2Member us-gaap:InterestRateContractMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0001489393 lyb:NonDerivativeMember us-gaap:ShortTermInvestmentsMember lyb:AvailableForSaleDebtSecuritiesMember 2018-12-31 0001489393 us-gaap:DerivativeMember us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember us-gaap:FairValueInputsLevel2Member us-gaap:CommodityContractMember us-gaap:NondesignatedMember 2018-12-31 0001489393 us-gaap:DerivativeMember us-gaap:AccruedLiabilitiesMember us-gaap:FairValueInputsLevel2Member us-gaap:InterestRateContractMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0001489393 us-gaap:DerivativeMember us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember us-gaap:FairValueInputsLevel2Member us-gaap:ForeignExchangeContractMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0001489393 us-gaap:DerivativeMember us-gaap:OtherLiabilitiesMember us-gaap:FairValueInputsLevel2Member us-gaap:ForeignExchangeContractMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0001489393 us-gaap:DerivativeMember us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember us-gaap:FairValueInputsLevel1Member us-gaap:CommodityContractMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0001489393 us-gaap:DerivativeMember us-gaap:AccruedLiabilitiesMember us-gaap:FairValueInputsLevel2Member us-gaap:CommodityContractMember us-gaap:NondesignatedMember 2018-12-31 0001489393 us-gaap:DerivativeMember us-gaap:AccruedLiabilitiesMember us-gaap:FairValueInputsLevel2Member us-gaap:ForeignExchangeContractMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0001489393 us-gaap:DerivativeMember us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember us-gaap:FairValueInputsLevel1Member us-gaap:CommodityContractMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0001489393 us-gaap:DerivativeMember us-gaap:OtherAssetsMember us-gaap:FairValueInputsLevel2Member us-gaap:ForeignExchangeContractMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0001489393 us-gaap:DerivativeMember us-gaap:AccruedLiabilitiesMember us-gaap:FairValueInputsLevel2Member us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember 2018-12-31 0001489393 us-gaap:DerivativeMember us-gaap:OtherLiabilitiesMember us-gaap:FairValueInputsLevel2Member us-gaap:InterestRateContractMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0001489393 us-gaap:DerivativeMember us-gaap:PrepaidExpensesAndOtherCurrentAssetsMember us-gaap:FairValueInputsLevel2Member us-gaap:ForeignExchangeContractMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0001489393 lyb:NonDerivativeMember us-gaap:AccruedLiabilitiesMember us-gaap:PerformanceSharesMember 2018-12-31 0001489393 us-gaap:DerivativeMember us-gaap:AccruedLiabilitiesMember us-gaap:FairValueInputsLevel1Member us-gaap:CommodityContractMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0001489393 us-gaap:DerivativeMember us-gaap:AccruedLiabilitiesMember us-gaap:FairValueInputsLevel2Member us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember 2019-09-30 0001489393 us-gaap:DerivativeMember us-gaap:AccruedLiabilitiesMember us-gaap:FairValueInputsLevel2Member us-gaap:ForeignExchangeContractMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0001489393 srt:MinimumMember us-gaap:ForeignExchangeForwardMember us-gaap:NondesignatedMember 2019-01-01 2019-09-30 0001489393 lyb:InvestmentsInEquitySecuritiesMember 2018-12-31 0001489393 lyb:SeniorNotesDue2019Member us-gaap:InterestRateContractMember us-gaap:FairValueHedgingMember 2019-02-01 2019-02-28 0001489393 lyb:NonDerivativeMember us-gaap:NetInvestmentHedgingMember lyb:ForeignCurrencyDenominatedDebtMember 2018-12-31 0001489393 us-gaap:CashFlowHedgingMember lyb:CommodityproductsalepriceMember 2019-01-01 2019-09-30 0001489393 srt:MaximumMember us-gaap:ForeignExchangeForwardMember us-gaap:NondesignatedMember 2019-01-01 2019-09-30 0001489393 us-gaap:CashFlowHedgingMember us-gaap:InterestRateSwapMember lyb:SeniorNotesDue2019Member 2019-02-28 0001489393 us-gaap:DerivativeMember us-gaap:NetInvestmentHedgingMember lyb:BasisSwapsAndForwardExchangeContractsMember 2019-09-30 0001489393 us-gaap:CashFlowHedgingMember us-gaap:CostOfSalesMember 2019-09-30 0001489393 lyb:NonDerivativeMember us-gaap:FairValueMeasurementsNonrecurringMember 2019-01-01 2019-09-30 0001489393 us-gaap:CashFlowHedgingMember lyb:CommodityfeedstockpriceMember 2019-01-01 2019-09-30 0001489393 us-gaap:BondsMember 2019-09-30 0001489393 us-gaap:CashFlowHedgingMember us-gaap:InterestRateSwapMember 2019-02-28 0001489393 lyb:SeniorNotesDue2019Member us-gaap:InterestRateContractMember us-gaap:FairValueHedgingMember 2019-02-28 0001489393 us-gaap:CashFlowHedgingMember us-gaap:CommodityContractMember 2019-09-01 2019-09-30 0001489393 2018-01-01 2018-12-31 0001489393 us-gaap:CashFlowHedgingMember lyb:CommodityproductsalepriceMember 2019-03-31 0001489393 us-gaap:CashFlowHedgingMember lyb:CommodityfeedstockpriceMember 2019-03-31 0001489393 us-gaap:CashFlowHedgingMember lyb:CommodityfeedstockpriceMember 2019-09-30 0001489393 us-gaap:CashFlowHedgingMember us-gaap:InterestRateSwapMember 2019-02-01 2019-02-28 0001489393 us-gaap:CashFlowHedgingMember us-gaap:InterestRateSwapMember lyb:SeniorNotesDue2019Member 2019-02-01 2019-02-28 0001489393 us-gaap:CashFlowHedgingMember us-gaap:InterestExpenseMember 2019-09-30 0001489393 us-gaap:CommodityContractMember us-gaap:NondesignatedMember 2019-01-01 2019-09-30 0001489393 lyb:InvestmentsInEquitySecuritiesMember 2019-09-30 0001489393 us-gaap:CashFlowHedgingMember us-gaap:SalesRevenueNetMember 2019-09-30 0001489393 us-gaap:CashFlowHedgingMember lyb:CommodityproductsalepriceMember 2019-09-30 0001489393 us-gaap:InterestRateContractMember us-gaap:FairValueHedgingMember 2019-09-30 0001489393 srt:MaximumMember 2019-01-01 2019-09-30 0001489393 lyb:NonDerivativeMember us-gaap:NetInvestmentHedgingMember lyb:ForeignCurrencyDenominatedDebtMember 2019-09-30 0001489393 srt:MaximumMember 2019-07-01 2019-09-30 0001489393 srt:MinimumMember us-gaap:InterestRateContractMember us-gaap:FairValueHedgingMember 2019-01-01 2019-09-30 0001489393 srt:MaximumMember us-gaap:InterestRateContractMember us-gaap:FairValueHedgingMember 2019-01-01 2019-09-30 0001489393 us-gaap:CashFlowHedgingMember us-gaap:InterestRateSwapMember 2019-09-01 2019-09-30 0001489393 us-gaap:InterestRateContractMember us-gaap:FairValueHedgingMember 2018-12-31 0001489393 us-gaap:CashFlowHedgingMember us-gaap:InterestRateSwapMember 2019-09-30 0001489393 us-gaap:CashFlowHedgingMember us-gaap:ForeignExchangeContractMember 2018-12-31 0001489393 us-gaap:CashFlowHedgingMember us-gaap:CommodityContractMember 2018-12-31 0001489393 us-gaap:CashFlowHedgingMember us-gaap:ForeignExchangeContractMember 2019-09-30 0001489393 us-gaap:CashFlowHedgingMember us-gaap:CommodityContractMember 2019-01-01 2019-09-30 0001489393 us-gaap:CashFlowHedgingMember us-gaap:CommodityContractMember 2019-09-30 0001489393 us-gaap:CashFlowHedgingMember us-gaap:InterestRateSwapMember 2018-12-31 0001489393 us-gaap:DerivativeMember us-gaap:InterestRateContractMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:InterestExpenseMember 2019-07-01 2019-09-30 0001489393 us-gaap:DerivativeMember us-gaap:CommodityContractMember us-gaap:NondesignatedMember us-gaap:SalesRevenueNetMember 2019-07-01 2019-09-30 0001489393 us-gaap:DerivativeMember us-gaap:ForeignExchangeContractMember us-gaap:DesignatedAsHedgingInstrumentMember lyb:OtherNonoperatingIncomeExpenseInterestExpenseMember 2018-07-01 2018-09-30 0001489393 lyb:NonDerivativeMember lyb:ForeignCurrencyDenominatedDebtMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:OtherNonoperatingIncomeExpenseMember 2019-07-01 2019-09-30 0001489393 us-gaap:DerivativeMember us-gaap:CommodityContractMember us-gaap:NondesignatedMember us-gaap:CostOfSalesMember 2018-07-01 2018-09-30 0001489393 us-gaap:DerivativeMember us-gaap:InterestRateContractMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:InterestExpenseMember 2018-07-01 2018-09-30 0001489393 us-gaap:DerivativeMember us-gaap:CommodityContractMember us-gaap:NondesignatedMember us-gaap:SalesRevenueNetMember 2018-07-01 2018-09-30 0001489393 lyb:NonDerivativeMember lyb:ForeignCurrencyDenominatedDebtMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:OtherNonoperatingIncomeExpenseMember 2018-07-01 2018-09-30 0001489393 us-gaap:DerivativeMember us-gaap:CommodityContractMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:CostOfSalesMember 2018-07-01 2018-09-30 0001489393 us-gaap:DerivativeMember us-gaap:CommodityContractMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:SalesRevenueNetMember 2018-07-01 2018-09-30 0001489393 us-gaap:DerivativeMember us-gaap:CommodityContractMember us-gaap:NondesignatedMember us-gaap:CostOfSalesMember 2019-07-01 2019-09-30 0001489393 us-gaap:DerivativeMember us-gaap:CommodityContractMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:CostOfSalesMember 2019-07-01 2019-09-30 0001489393 us-gaap:DerivativeMember us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember us-gaap:OtherNonoperatingIncomeExpenseMember 2019-07-01 2019-09-30 0001489393 us-gaap:DerivativeMember us-gaap:CommodityContractMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:SalesRevenueNetMember 2019-07-01 2019-09-30 0001489393 us-gaap:DerivativeMember us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember us-gaap:OtherNonoperatingIncomeExpenseMember 2018-07-01 2018-09-30 0001489393 us-gaap:DerivativeMember us-gaap:ForeignExchangeContractMember us-gaap:DesignatedAsHedgingInstrumentMember lyb:OtherNonoperatingIncomeExpenseInterestExpenseMember 2019-07-01 2019-09-30 0001489393 us-gaap:DerivativeMember us-gaap:CommodityContractMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:CostOfSalesMember 2019-01-01 2019-09-30 0001489393 us-gaap:DerivativeMember us-gaap:CommodityContractMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:SalesRevenueNetMember 2019-01-01 2019-09-30 0001489393 us-gaap:DerivativeMember us-gaap:InterestRateContractMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:InterestExpenseMember 2019-01-01 2019-09-30 0001489393 us-gaap:DerivativeMember us-gaap:CommodityContractMember us-gaap:NondesignatedMember us-gaap:SalesRevenueNetMember 2019-01-01 2019-09-30 0001489393 us-gaap:DerivativeMember us-gaap:CommodityContractMember us-gaap:NondesignatedMember us-gaap:SalesRevenueNetMember 2018-01-01 2018-09-30 0001489393 lyb:NonDerivativeMember lyb:ForeignCurrencyDenominatedDebtMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:OtherNonoperatingIncomeExpenseMember 2018-01-01 2018-09-30 0001489393 us-gaap:DerivativeMember us-gaap:CommodityContractMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:CostOfSalesMember 2018-01-01 2018-09-30 0001489393 us-gaap:DerivativeMember us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember us-gaap:OtherNonoperatingIncomeExpenseMember 2019-01-01 2019-09-30 0001489393 us-gaap:DerivativeMember us-gaap:CommodityContractMember us-gaap:NondesignatedMember us-gaap:CostOfSalesMember 2019-01-01 2019-09-30 0001489393 lyb:NonDerivativeMember lyb:ForeignCurrencyDenominatedDebtMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:OtherNonoperatingIncomeExpenseMember 2019-01-01 2019-09-30 0001489393 us-gaap:DerivativeMember us-gaap:ForeignExchangeContractMember us-gaap:NondesignatedMember us-gaap:OtherNonoperatingIncomeExpenseMember 2018-01-01 2018-09-30 0001489393 us-gaap:DerivativeMember us-gaap:ForeignExchangeContractMember us-gaap:DesignatedAsHedgingInstrumentMember lyb:OtherNonoperatingIncomeExpenseInterestExpenseMember 2019-01-01 2019-09-30 0001489393 us-gaap:DerivativeMember us-gaap:InterestRateContractMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:InterestExpenseMember 2018-01-01 2018-09-30 0001489393 us-gaap:DerivativeMember us-gaap:ForeignExchangeContractMember us-gaap:DesignatedAsHedgingInstrumentMember lyb:OtherNonoperatingIncomeExpenseInterestExpenseMember 2018-01-01 2018-09-30 0001489393 us-gaap:DerivativeMember us-gaap:CommodityContractMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:SalesRevenueNetMember 2018-01-01 2018-09-30 0001489393 us-gaap:DerivativeMember us-gaap:CommodityContractMember us-gaap:NondesignatedMember us-gaap:CostOfSalesMember 2018-01-01 2018-09-30 0001489393 us-gaap:BondsMember 2019-01-01 2019-09-30 0001489393 srt:MinimumMember us-gaap:CashFlowHedgingMember us-gaap:InterestRateSwapMember 2019-01-01 2019-09-30 0001489393 srt:MinimumMember us-gaap:CashFlowHedgingMember us-gaap:ForeignExchangeContractMember 2019-01-01 2019-09-30 0001489393 srt:MaximumMember us-gaap:CashFlowHedgingMember us-gaap:InterestRateSwapMember 2019-01-01 2019-09-30 0001489393 srt:MaximumMember us-gaap:CashFlowHedgingMember us-gaap:ForeignExchangeContractMember 2019-01-01 2019-09-30 0001489393 us-gaap:DerivativeMember us-gaap:NetInvestmentHedgingMember lyb:BasisSwapsAndForwardExchangeContractsMember 2018-12-31 0001489393 srt:MinimumMember 2019-07-01 2019-09-30 0001489393 lyb:NonDerivativeMember us-gaap:FairValueMeasurementsNonrecurringMember 2018-01-01 2018-12-31 0001489393 us-gaap:AociDerivativeQualifyingAsHedgeExcludedComponentParentMember 2019-01-01 2019-09-30 0001489393 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-09-30 0001489393 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-12-31 0001489393 us-gaap:AccumulatedTranslationAdjustmentMember 2019-01-01 2019-09-30 0001489393 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-12-31 0001489393 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-01-01 2019-09-30 0001489393 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-01-01 2019-09-30 0001489393 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-09-30 0001489393 us-gaap:AccumulatedTranslationAdjustmentMember 2019-09-30 0001489393 us-gaap:AociDerivativeQualifyingAsHedgeExcludedComponentParentMember 2018-12-31 0001489393 us-gaap:AociDerivativeQualifyingAsHedgeExcludedComponentParentMember 2019-09-30 0001489393 us-gaap:AccumulatedTranslationAdjustmentMember 2018-12-31 0001489393 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AociDerivativeQualifyingAsHedgeExcludedComponentParentMember 2018-01-01 2018-09-30 0001489393 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-09-30 0001489393 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-07-01 2019-09-30 0001489393 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-01-01 2018-09-30 0001489393 us-gaap:ForeignExchangeContractMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AociDerivativeQualifyingAsHedgeExcludedComponentParentMember 2018-01-01 2018-09-30 0001489393 us-gaap:CommodityContractMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AociDerivativeQualifyingAsHedgeExcludedComponentParentMember 2019-07-01 2019-09-30 0001489393 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2019-07-01 2019-09-30 0001489393 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2019-01-01 2019-09-30 0001489393 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2018-07-01 2018-09-30 0001489393 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-07-01 2018-09-30 0001489393 us-gaap:CommodityContractMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AociDerivativeQualifyingAsHedgeExcludedComponentParentMember 2019-01-01 2019-09-30 0001489393 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AociDerivativeQualifyingAsHedgeExcludedComponentParentMember 2018-07-01 2018-09-30 0001489393 us-gaap:ForeignExchangeContractMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AociDerivativeQualifyingAsHedgeExcludedComponentParentMember 2019-07-01 2019-09-30 0001489393 us-gaap:InterestRateContractMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AociDerivativeQualifyingAsHedgeExcludedComponentParentMember 2019-01-01 2019-09-30 0001489393 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AociDerivativeQualifyingAsHedgeExcludedComponentParentMember 2019-01-01 2019-09-30 0001489393 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AociDerivativeQualifyingAsHedgeExcludedComponentParentMember 2019-07-01 2019-09-30 0001489393 us-gaap:ForeignExchangeContractMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AociDerivativeQualifyingAsHedgeExcludedComponentParentMember 2018-07-01 2018-09-30 0001489393 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-09-30 0001489393 us-gaap:ForeignExchangeContractMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AociDerivativeQualifyingAsHedgeExcludedComponentParentMember 2019-01-01 2019-09-30 0001489393 us-gaap:InterestRateContractMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AociDerivativeQualifyingAsHedgeExcludedComponentParentMember 2019-07-01 2019-09-30 0001489393 us-gaap:CommodityContractMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AociDerivativeQualifyingAsHedgeExcludedComponentParentMember 2018-01-01 2018-09-30 0001489393 us-gaap:CommodityContractMember us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember us-gaap:AociDerivativeQualifyingAsHedgeExcludedComponentParentMember 2018-07-01 2018-09-30 0001489393 2019-02-01 2019-02-28 0001489393 us-gaap:TreasuryStockMember us-gaap:SubsequentEventMember 2019-10-01 2019-12-31 0001489393 lyb:Sept2019ShareRepurchaseProgramMember 2019-09-30 0001489393 lyb:LyondellBasellN.V.Member 2019-02-01 2019-02-28 0001489393 lyb:LyondellBasellN.V.Member 2018-12-31 0001489393 lyb:Sept2019ShareRepurchaseProgramMember 2019-09-01 2019-09-30 0001489393 2019-05-01 2019-05-31 0001489393 2019-08-01 2019-08-31 0001489393 lyb:LyondellBasellN.V.Member 2019-02-28 0001489393 lyb:May2019ShareRepurchaseProgramDomain 2019-05-31 0001489393 lyb:May2019ShareRepurchaseProgramDomain 2019-08-01 2019-08-31 0001489393 lyb:May2019ShareRepurchaseProgramDomain 2019-05-01 2019-05-31 0001489393 lyb:June2018ShareRepurchaseProgramMember 2018-01-01 2018-09-30 0001489393 lyb:May2017ShareRepurchaseProgramMember 2018-01-01 2018-09-30 0001489393 lyb:AccumulatedNetUnrealizedInvestmentGainLossOnEquitySecuritiesAndEquitySecuritiesAttributableToEquityInvesteesMember 2018-01-01 2018-09-30 0001489393 us-gaap:AociDerivativeQualifyingAsHedgeExcludedComponentParentMember 2018-01-01 2018-09-30 0001489393 us-gaap:AociDerivativeQualifyingAsHedgeExcludedComponentParentMember 2018-09-30 0001489393 lyb:AccumulatedNetUnrealizedInvestmentGainLossOnEquitySecuritiesAndEquitySecuritiesAttributableToEquityInvesteesMember 2018-09-30 0001489393 us-gaap:AccumulatedTranslationAdjustmentMember 2018-09-30 0001489393 us-gaap:AccumulatedTranslationAdjustmentMember 2017-12-31 0001489393 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-01-01 2018-09-30 0001489393 us-gaap:AccumulatedTranslationAdjustmentMember 2018-01-01 2018-09-30 0001489393 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2018-09-30 0001489393 us-gaap:AociDerivativeQualifyingAsHedgeExcludedComponentParentMember 2017-12-31 0001489393 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentMember 2017-12-31 0001489393 lyb:AccumulatedNetUnrealizedInvestmentGainLossOnEquitySecuritiesAndEquitySecuritiesAttributableToEquityInvesteesMember 2017-12-31 0001489393 lyb:May2019ShareRepurchaseProgramDomain 2019-01-01 2019-09-30 0001489393 lyb:June2018ShareRepurchaseProgramMember 2019-01-01 2019-09-30 0001489393 2019-03-01 2019-03-31 0001489393 2019-06-01 2019-06-30 0001489393 2019-09-01 2019-09-30 0001489393 us-gaap:SegmentContinuingOperationsMember 2019-01-01 2019-09-30 0001489393 us-gaap:SegmentDiscontinuedOperationsMember 2018-01-01 2018-09-30 0001489393 us-gaap:SegmentContinuingOperationsMember 2018-01-01 2018-09-30 0001489393 us-gaap:SegmentDiscontinuedOperationsMember 2019-01-01 2019-09-30 0001489393 us-gaap:SegmentDiscontinuedOperationsMember 2019-09-30 0001489393 us-gaap:SegmentContinuingOperationsMember 2018-09-30 0001489393 us-gaap:SegmentContinuingOperationsMember 2019-09-30 0001489393 us-gaap:SegmentDiscontinuedOperationsMember 2018-09-30 0001489393 us-gaap:SegmentDiscontinuedOperationsMember 2019-07-01 2019-09-30 0001489393 us-gaap:SegmentDiscontinuedOperationsMember 2018-07-01 2018-09-30 0001489393 us-gaap:SegmentContinuingOperationsMember 2019-07-01 2019-09-30 0001489393 us-gaap:SegmentContinuingOperationsMember 2018-07-01 2018-09-30 0001489393 lyb:AdvancedPolymerSolutionsMember 2019-07-01 2019-09-30 0001489393 lyb:AdvancedPolymerSolutionsMember 2019-01-01 2019-09-30 0001489393 lyb:AdvancedPolymerSolutionsMember 2018-01-01 2018-09-30 0001489393 lyb:IntermediatesAndDerivativesMember 2019-01-01 2019-09-30 0001489393 lyb:OlefinsAndPolyolefinsAmericasMember 2019-01-01 2019-09-30 0001489393 lyb:OlefinsAndPolyolefinsEuropeAsiaInternationalMember 2019-01-01 2019-09-30 0001489393 us-gaap:OperatingSegmentsMember lyb:TechnologyMember 2019-01-01 2019-09-30 0001489393 lyb:RefiningMember 2019-01-01 2019-09-30 0001489393 us-gaap:IntersegmentEliminationMember lyb:OlefinsAndPolyolefinsEuropeAsiaInternationalMember 2019-01-01 2019-09-30 0001489393 us-gaap:IntersegmentEliminationMember us-gaap:CorporateNonSegmentMember 2019-01-01 2019-09-30 0001489393 us-gaap:IntersegmentEliminationMember lyb:AdvancedPolymerSolutionsMember 2019-01-01 2019-09-30 0001489393 us-gaap:OperatingSegmentsMember us-gaap:CorporateNonSegmentMember 2019-01-01 2019-09-30 0001489393 us-gaap:OperatingSegmentsMember lyb:OlefinsAndPolyolefinsEuropeAsiaInternationalMember 2019-01-01 2019-09-30 0001489393 lyb:TechnologyMember 2019-01-01 2019-09-30 0001489393 us-gaap:CorporateNonSegmentMember 2019-01-01 2019-09-30 0001489393 us-gaap:OperatingSegmentsMember lyb:IntermediatesAndDerivativesMember 2019-01-01 2019-09-30 0001489393 us-gaap:IntersegmentEliminationMember lyb:RefiningMember 2019-01-01 2019-09-30 0001489393 us-gaap:OperatingSegmentsMember lyb:OlefinsAndPolyolefinsAmericasMember 2019-01-01 2019-09-30 0001489393 us-gaap:IntersegmentEliminationMember 2019-01-01 2019-09-30 0001489393 us-gaap:OperatingSegmentsMember lyb:AdvancedPolymerSolutionsMember 2019-01-01 2019-09-30 0001489393 us-gaap:IntersegmentEliminationMember lyb:IntermediatesAndDerivativesMember 2019-01-01 2019-09-30 0001489393 us-gaap:IntersegmentEliminationMember lyb:TechnologyMember 2019-01-01 2019-09-30 0001489393 us-gaap:OperatingSegmentsMember lyb:RefiningMember 2019-01-01 2019-09-30 0001489393 us-gaap:IntersegmentEliminationMember lyb:OlefinsAndPolyolefinsAmericasMember 2019-01-01 2019-09-30 0001489393 lyb:IntermediatesAndDerivativesMember 2018-07-01 2018-09-30 0001489393 us-gaap:IntersegmentEliminationMember lyb:TechnologyMember 2018-07-01 2018-09-30 0001489393 lyb:AdvancedPolymerSolutionsMember 2018-07-01 2018-09-30 0001489393 us-gaap:IntersegmentEliminationMember us-gaap:CorporateNonSegmentMember 2018-07-01 2018-09-30 0001489393 us-gaap:OperatingSegmentsMember lyb:RefiningMember 2018-07-01 2018-09-30 0001489393 lyb:RefiningMember 2018-07-01 2018-09-30 0001489393 us-gaap:CorporateNonSegmentMember 2018-07-01 2018-09-30 0001489393 us-gaap:IntersegmentEliminationMember lyb:IntermediatesAndDerivativesMember 2018-07-01 2018-09-30 0001489393 us-gaap:IntersegmentEliminationMember lyb:RefiningMember 2018-07-01 2018-09-30 0001489393 us-gaap:OperatingSegmentsMember lyb:OlefinsAndPolyolefinsAmericasMember 2018-07-01 2018-09-30 0001489393 us-gaap:IntersegmentEliminationMember lyb:OlefinsAndPolyolefinsAmericasMember 2018-07-01 2018-09-30 0001489393 us-gaap:IntersegmentEliminationMember lyb:OlefinsAndPolyolefinsEuropeAsiaInternationalMember 2018-07-01 2018-09-30 0001489393 lyb:OlefinsAndPolyolefinsEuropeAsiaInternationalMember 2018-07-01 2018-09-30 0001489393 lyb:OlefinsAndPolyolefinsAmericasMember 2018-07-01 2018-09-30 0001489393 us-gaap:OperatingSegmentsMember lyb:TechnologyMember 2018-07-01 2018-09-30 0001489393 us-gaap:OperatingSegmentsMember lyb:OlefinsAndPolyolefinsEuropeAsiaInternationalMember 2018-07-01 2018-09-30 0001489393 lyb:TechnologyMember 2018-07-01 2018-09-30 0001489393 us-gaap:IntersegmentEliminationMember lyb:AdvancedPolymerSolutionsMember 2018-07-01 2018-09-30 0001489393 us-gaap:OperatingSegmentsMember lyb:AdvancedPolymerSolutionsMember 2018-07-01 2018-09-30 0001489393 us-gaap:IntersegmentEliminationMember 2018-07-01 2018-09-30 0001489393 us-gaap:OperatingSegmentsMember lyb:IntermediatesAndDerivativesMember 2018-07-01 2018-09-30 0001489393 us-gaap:OperatingSegmentsMember us-gaap:CorporateNonSegmentMember 2018-07-01 2018-09-30 0001489393 lyb:TechnologyMember 2019-07-01 2019-09-30 0001489393 us-gaap:IntersegmentEliminationMember lyb:OlefinsAndPolyolefinsEuropeAsiaInternationalMember 2019-07-01 2019-09-30 0001489393 us-gaap:OperatingSegmentsMember lyb:OlefinsAndPolyolefinsEuropeAsiaInternationalMember 2019-07-01 2019-09-30 0001489393 lyb:IntermediatesAndDerivativesMember 2019-07-01 2019-09-30 0001489393 lyb:RefiningMember 2019-07-01 2019-09-30 0001489393 us-gaap:CorporateNonSegmentMember 2019-07-01 2019-09-30 0001489393 us-gaap:OperatingSegmentsMember lyb:TechnologyMember 2019-07-01 2019-09-30 0001489393 lyb:OlefinsAndPolyolefinsAmericasMember 2019-07-01 2019-09-30 0001489393 us-gaap:IntersegmentEliminationMember lyb:IntermediatesAndDerivativesMember 2019-07-01 2019-09-30 0001489393 us-gaap:IntersegmentEliminationMember 2019-07-01 2019-09-30 0001489393 us-gaap:OperatingSegmentsMember lyb:IntermediatesAndDerivativesMember 2019-07-01 2019-09-30 0001489393 lyb:OlefinsAndPolyolefinsEuropeAsiaInternationalMember 2019-07-01 2019-09-30 0001489393 us-gaap:IntersegmentEliminationMember lyb:TechnologyMember 2019-07-01 2019-09-30 0001489393 us-gaap:OperatingSegmentsMember lyb:RefiningMember 2019-07-01 2019-09-30 0001489393 us-gaap:OperatingSegmentsMember lyb:OlefinsAndPolyolefinsAmericasMember 2019-07-01 2019-09-30 0001489393 us-gaap:IntersegmentEliminationMember us-gaap:CorporateNonSegmentMember 2019-07-01 2019-09-30 0001489393 us-gaap:OperatingSegmentsMember lyb:AdvancedPolymerSolutionsMember 2019-07-01 2019-09-30 0001489393 us-gaap:OperatingSegmentsMember us-gaap:CorporateNonSegmentMember 2019-07-01 2019-09-30 0001489393 us-gaap:IntersegmentEliminationMember lyb:RefiningMember 2019-07-01 2019-09-30 0001489393 us-gaap:IntersegmentEliminationMember lyb:AdvancedPolymerSolutionsMember 2019-07-01 2019-09-30 0001489393 us-gaap:IntersegmentEliminationMember lyb:OlefinsAndPolyolefinsAmericasMember 2019-07-01 2019-09-30 0001489393 lyb:RefiningMember 2018-01-01 2018-09-30 0001489393 us-gaap:IntersegmentEliminationMember lyb:AdvancedPolymerSolutionsMember 2018-01-01 2018-09-30 0001489393 lyb:TechnologyMember 2018-01-01 2018-09-30 0001489393 us-gaap:OperatingSegmentsMember us-gaap:CorporateNonSegmentMember 2018-01-01 2018-09-30 0001489393 us-gaap:OperatingSegmentsMember lyb:AdvancedPolymerSolutionsMember 2018-01-01 2018-09-30 0001489393 us-gaap:IntersegmentEliminationMember us-gaap:CorporateNonSegmentMember 2018-01-01 2018-09-30 0001489393 lyb:OlefinsAndPolyolefinsAmericasMember 2018-01-01 2018-09-30 0001489393 us-gaap:IntersegmentEliminationMember lyb:OlefinsAndPolyolefinsEuropeAsiaInternationalMember 2018-01-01 2018-09-30 0001489393 us-gaap:IntersegmentEliminationMember lyb:RefiningMember 2018-01-01 2018-09-30 0001489393 us-gaap:OperatingSegmentsMember lyb:TechnologyMember 2018-01-01 2018-09-30 0001489393 us-gaap:OperatingSegmentsMember lyb:RefiningMember 2018-01-01 2018-09-30 0001489393 us-gaap:IntersegmentEliminationMember lyb:TechnologyMember 2018-01-01 2018-09-30 0001489393 us-gaap:IntersegmentEliminationMember 2018-01-01 2018-09-30 0001489393 lyb:IntermediatesAndDerivativesMember 2018-01-01 2018-09-30 0001489393 us-gaap:OperatingSegmentsMember lyb:OlefinsAndPolyolefinsAmericasMember 2018-01-01 2018-09-30 0001489393 us-gaap:CorporateNonSegmentMember 2018-01-01 2018-09-30 0001489393 us-gaap:IntersegmentEliminationMember lyb:OlefinsAndPolyolefinsAmericasMember 2018-01-01 2018-09-30 0001489393 us-gaap:OperatingSegmentsMember lyb:OlefinsAndPolyolefinsEuropeAsiaInternationalMember 2018-01-01 2018-09-30 0001489393 lyb:OlefinsAndPolyolefinsEuropeAsiaInternationalMember 2018-01-01 2018-09-30 0001489393 us-gaap:OperatingSegmentsMember lyb:IntermediatesAndDerivativesMember 2018-01-01 2018-09-30 0001489393 us-gaap:IntersegmentEliminationMember lyb:IntermediatesAndDerivativesMember 2018-01-01 2018-09-30 xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure iso4217:EUR xbrli:shares iso4217:EUR
Table of Contents

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 10-Q
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended September 30, 2019
or
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from                    to                
Commission file number: 001-34726
LYONDELLBASELL INDUSTRIES N.V.
(Exact name of registrant as specified in its charter)
 
 
Netherlands
 
 
 
 
98-0646235
 
 
(State or other jurisdiction of
incorporation or organization)
 
 
 
(I.R.S. Employer
Identification No.)
 
 
1221 McKinney St.,
 
4th Floor, One Vine Street
 
 
 
 
 
Suite 300
 
London
 
Delftseplein 27E
 
 
Houston,
Texas
 
W1J0AH
 
3013AA
Rotterdam
 
 
USA
77010
 
United Kingdom
 
Netherlands
 
(Addresses of registrant’s principal executive offices)
 
(713)
309-7200
 
+44 (0)
207
220 2600
 
+31 (0)
10
2755 500
 
(Registrant’s telephone numbers, including area codes)
______________________________________________________________________________________________________________________________
(Former name, former address and former fiscal year, if changed since last report)
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class
 
Trading Symbol
 
Name of Each Exchange On Which Registered
Ordinary Shares, €0.04 Par Value
 
LYB
 
New York Stock Exchange
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  ¨
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x    No  ¨
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” and “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer
x
Accelerated filer
Non-accelerated filer
Smaller reporting company
Emerging growth company
 
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange
Act).    Yes  No  x
The registrant had 333,410,824 ordinary shares, €0.04 par value, outstanding at October 30, 2019 (excluding 66,799,456 treasury shares).



Table of Contents

LYONDELLBASELL INDUSTRIES N.V.
TABLE OF CONTENTS
 
 
Page
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 




Table of Contents

PART I. FINANCIAL INFORMATION
ITEM 1. CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

LYONDELLBASELL INDUSTRIES N.V.
CONSOLIDATED STATEMENTS OF INCOME

 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
Millions of dollars, except earnings per share
2019
 
2018
 
2019
 
2018
Sales and other operating revenues:
 
 
 
 
 
 
 
Trade
$
8,527

 
$
9,926

 
$
25,920

 
$
29,441

Related parties
195

 
229

 
628

 
687

 
8,722

 
10,155

 
26,548

 
30,128

Operating costs and expenses:
 
 
 
 
 
 
 
Cost of sales
7,269

 
8,499

 
22,257

 
24,801

Selling, general and administrative expenses
303

 
309

 
892

 
803

Research and development expenses
26

 
30

 
81

 
87

 
7,598

 
8,838

 
23,230

 
25,691

Operating income
1,124

 
1,317

 
3,318

 
4,437

Interest expense
(86
)
 
(90
)
 
(259
)
 
(272
)
Interest income
5

 
14

 
16

 
40

Other income, net
11

 
17

 
46

 
57

Income from continuing operations before equity investments and income taxes
1,054

 
1,258

 
3,121

 
4,262

Income from equity investments
51

 
89

 
179

 
253

Income from continuing operations before income taxes
1,105

 
1,347

 
3,300

 
4,515

Provision for income taxes
136

 
232

 
508

 
514

Income from continuing operations
969

 
1,115

 
2,792

 
4,001

Loss from discontinued operations, net of tax
(4
)
 
(2
)
 
(7
)
 
(3
)
Net income
965

 
1,113

 
2,785

 
3,998

Dividends on A. Schulman Special Stock
(2
)
 

 
(5
)
 

Net income attributable to the Company shareholders
$
963

 
$
1,113

 
$
2,780

 
$
3,998

 
 
 
 
 
 
 
 
Earnings per share:
 
 
 
 
 
 
 
Net income (loss) attributable to the Company shareholders —
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
Continuing operations
$
2.86

 
$
2.86

 
$
7.74

 
$
10.21

Discontinued operations
(0.01
)
 

 
(0.02
)
 
(0.01
)
 
$
2.85

 
$
2.86

 
$
7.72

 
$
10.20

Diluted:
 
 
 
 
 
 
 
Continuing operations
$
2.86

 
$
2.85

 
$
7.74

 
$
10.19

Discontinued operations
(0.01
)
 

 
(0.02
)
 
(0.01
)
 
$
2.85

 
$
2.85

 
$
7.72

 
$
10.18

See Notes to the Consolidated Financial Statements.


1

Table of Contents

LYONDELLBASELL INDUSTRIES N.V.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
 
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
Millions of dollars
2019
 
2018
 
2019
 
2018
Net income
$
965

 
$
1,113

 
$
2,785

 
$
3,998

Other comprehensive income (loss), net of tax –
 
 
 
 
 
 
 
Financial derivatives
(112
)
 
51

 
(230
)
 
89

Unrealized gains on available-for-sale debt securities

 

 
1

 

Defined benefit pension and other postretirement benefit plans
5

 
6

 
15

 
20

Foreign currency translations
(114
)
 
(8
)
 
(106
)
 
(63
)
Total other comprehensive income (loss), net of tax
(221
)
 
49

 
(320
)
 
46

Comprehensive income
744

 
1,162

 
2,465

 
4,044

Dividends on A. Schulman Special Stock
(2
)
 

 
(5
)
 

Comprehensive income attributable to the Company shareholders
$
742

 
$
1,162

 
$
2,460

 
$
4,044

See Notes to the Consolidated Financial Statements.


2

Table of Contents

LYONDELLBASELL INDUSTRIES N.V.
CONSOLIDATED BALANCE SHEETS
 
Millions of dollars
September 30,
2019
 
December 31,
2018
ASSETS
 
 
 
Current assets:
 
 
 
Cash and cash equivalents
$
476

 
$
332

Restricted cash
36

 
69

Short-term investments
53

 
892

Accounts receivable:
 
 
 
Trade, net
3,331

 
3,355

Related parties
138

 
148

Inventories
4,446

 
4,515

Prepaid expenses and other current assets
1,150

 
1,255

Total current assets
9,630

 
10,566

Operating lease assets
1,510

 

Property, plant and equipment, at cost
20,528

 
18,701

Less: Accumulated depreciation
(6,859
)
 
(6,224
)
Property, plant and equipment, net
13,669

 
12,477

Investments and long-term receivables:
 
 
 
Investment in PO joint ventures
486

 
469

Equity investments
1,609

 
1,611

Other investments and long-term receivables
24

 
23

Goodwill
1,848

 
1,814

Intangible assets, net
841

 
965

Other assets
497

 
353

Total assets
$
30,114

 
$
28,278

See Notes to the Consolidated Financial Statements.






3

Table of Contents

LYONDELLBASELL INDUSTRIES N.V.
CONSOLIDATED BALANCE SHEETS
 
Millions of dollars, except shares and par value data
September 30,
2019
 
December 31,
2018
LIABILITIES, REDEEMABLE NON-CONTROLLING INTERESTS AND EQUITY
 
 
 
Current liabilities:
 
 
 
Current maturities of long-term debt
$
4

 
$
5

Short-term debt
2,438

 
885

Accounts payable:
 
 
 
Trade
2,687

 
2,560

Related parties
514

 
527

Accrued liabilities
1,745

 
1,536

Total current liabilities
7,388

 
5,513

Long-term debt
9,628

 
8,497

Operating lease liabilities
1,257

 

Other liabilities
1,801

 
1,897

Deferred income taxes
2,018

 
1,975

Commitments and contingencies

 

Redeemable non-controlling interests
116

 
116

Stockholders’ equity:
 
 
 
Ordinary shares, €0.04 par value, 1,275 million shares authorized, 333,407,876
 and 375,696,661 shares outstanding, respectively
22

 
22

Additional paid-in capital
7,017

 
7,041

Retained earnings
8,430

 
6,763

Accumulated other comprehensive loss
(1,683
)
 
(1,363
)
Treasury stock, at cost, 66,802,404 and 24,513,619 ordinary shares, respectively
(5,898
)
 
(2,206
)
Total Company share of stockholders’ equity
7,888

 
10,257

Non-controlling interests
18

 
23

Total equity
7,906

 
10,280

Total liabilities, redeemable non-controlling interests and equity
$
30,114

 
$
28,278

See Notes to the Consolidated Financial Statements.


4

Table of Contents

LYONDELLBASELL INDUSTRIES N.V.
CONSOLIDATED STATEMENTS OF CASH FLOWS
 
Nine Months Ended
September 30,
Millions of dollars
2019
 
2018
Cash flows from operating activities:
 
 
 
Net income
$
2,785

 
$
3,998

Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
Depreciation and amortization
977

 
908

Amortization of debt-related costs
7

 
11

Share-based compensation
36

 
33

Equity investments –
 
 
 
Equity income
(179
)
 
(253
)
Distributions of earnings, net of tax
159

 
200

Deferred income taxes
189

 
111

Changes in assets and liabilities that provided (used) cash:
 
 
 
Accounts receivable
(46
)
 
(128
)
Inventories
(12
)
 
(202
)
Accounts payable
(7
)
 
257

Other, net
(190
)
 
(761
)
Net cash provided by operating activities
3,719

 
4,174

Cash flows from investing activities:
 
 
 
Expenditures for property, plant and equipment
(1,963
)
 
(1,407
)
Acquisition of A. Schulman, net of cash acquired

 
(1,776
)
Purchases of available-for-sale debt securities

 
(50
)
Proceeds from sales and maturities of available-for-sale debt securities
511

 
410

Purchases of equity securities

 
(64
)
Proceeds from sales and maturities of equity securities
332

 
64

Proceeds from settlement of net investment hedges

 
872

Payments for settlement of net investment hedges

 
(850
)
Other, net
(90
)
 
(100
)
Net cash used in investing activities
(1,210
)
 
(2,901
)
Cash flows from financing activities:
 
 
 
Repurchases of Company ordinary shares
(3,752
)
 
(801
)
Dividends paid - common stock
(1,111
)
 
(1,176
)
Purchase of non-controlling interest
(63
)
 

Issuance of short-term debt
2,500

 

Issuance of long-term debt
2,096

 

Repayments of long-term debt
(2,000
)
 
(394
)
Payments of debt issuance costs
(12
)
 

Net (repayments of) proceeds from commercial paper
(23
)
 
140

Other, net
(17
)
 
(11
)
Net cash used in financing activities
(2,382
)
 
(2,242
)
Effect of exchange rate changes on cash
(16
)
 
(27
)
Increase (decrease) in cash and cash equivalents and restricted cash
111

 
(996
)
Cash and cash equivalents and restricted cash at beginning of period
401

 
1,528

Cash and cash equivalents and restricted cash at end of period
$
512

 
$
532

See Notes to the Consolidated Financial Statements.


5

Table of Contents

LYONDELLBASELL INDUSTRIES N.V.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY

 
Ordinary Shares
 
Additional
Paid-in
Capital
 
Retained
Earnings
 
Accumulated
Other
Comprehensive
Loss
 
Company
Share of
Stockholders’
Equity
 
Non-
Controlling
Interests
Millions of dollars
Issued
 
Treasury
 
Balance, June 30, 2019
$
22

 
$
(2,663
)
 
$
7,006

 
$
7,818

 
$
(1,462
)
 
$
10,721

 
$
22

Net income

 

 

 
965

 

 
965

 

Other comprehensive loss

 

 

 

 
(221
)
 
(221
)
 

Share-based compensation

 
5

 
11

 

 

 
16

 

Dividends - common stock ($1.05 per share)

 

 

 
(351
)
 

 
(351
)
 

Dividends - A. Schulman Special Stock ($15.00 per share)

 

 

 
(2
)
 

 
(2
)
 

Repurchases of Company ordinary shares

 
(3,240
)
 

 

 

 
(3,240
)
 

Purchase of non-controlling interest

 

 

 

 

 

 
(4
)
Balance, September 30, 2019
$
22

 
$
(5,898
)
 
$
7,017

 
$
8,430

 
$
(1,683
)
 
$
7,888

 
$
18

 
Ordinary Shares
 
Additional
Paid-in
Capital
 
Retained
Earnings
 
Accumulated
Other
Comprehensive
Income (Loss)
 
Company
Share of
Stockholders’
Equity
 
Non-
Controlling
Interests
Millions of dollars
Issued
 
Treasury
 
Balance, June 30, 2018
$
31

 
$
(16,200
)
 
$
10,190

 
$
17,939

 
$
(1,358
)
 
$
10,602

 
$
1

Net income

 

 

 
1,113

 

 
1,113

 

Other comprehensive income

 

 

 

 
49

 
49

 

Share-based compensation

 
4

 
8

 

 

 
12

 

Dividends - common stock ($1.00 per share)

 

 

 
(389
)
 

 
(389
)
 

Repurchases of Company ordinary shares

 
(343
)
 

 

 

 
(343
)
 

Cancellation of treasury shares
(9
)
 
15,384

 
(3,165
)
 
(12,210
)
 

 

 

Acquisition of A. Schulman Inc.

 

 

 

 

 

 
24

Balance, September 30, 2018
$
22

 
$
(1,155
)
 
$
7,033

 
$
6,453

 
$
(1,309
)
 
$
11,044

 
$
25

See Notes to the Consolidated Financial Statements.


6

Table of Contents

LYONDELLBASELL INDUSTRIES N.V.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY

 
Ordinary Shares
 
Additional
Paid-in
Capital
 
Retained
Earnings
 
Accumulated
Other
Comprehensive
Loss
 
Company
Share of
Stockholders’
Equity
 
Non-
Controlling
Interests
Millions of dollars
Issued
 
Treasury
 
Balance, December 31, 2018
$
22

 
$
(2,206
)
 
$
7,041

 
$
6,763

 
$
(1,363
)
 
$
10,257

 
$
23

Net income

 

 

 
2,785

 

 
2,785

 

Other comprehensive loss

 

 

 

 
(320
)
 
(320
)
 

Share-based compensation