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… of $1.4 billion for the full year of 2023 decreased by $1.7 billion as compared to income from operations of $3.1 … Materials net sales of $8.3 billion decreased by $2.7 billion as compared to 2022. Performance Materials net … 68 710 675 Corporate and other (9 ) 40 (40 ) (41 ) $ (552 ) $ 327 $ 729 $ …
… of $1.4 billion for the full year of 2023 decreased by $1.7 billion as compared to income from operations of $3.1 … Materials net sales of $8.3 billion decreased by $2.7 billion as compared to 2022. Performance Materials net … 68 710 675 Corporate and other (9 ) 40 (40 ) (41 ) $ (552 ) $ 327 $ 729 $ …
… from operations 223 536 Interest expense (40 ) (42 ) Other income, net 50 22 Income … ) (47 ) Proceeds from exercise of stock options 7 5 Repurchase of common stock for treasury — … $ 2 Housing and Infrastructure Products 4 7 Corporate and other 35 13 $ 50 $ 22 …
… from operations 223 536 Interest expense (40 ) (42 ) Other income, net 50 22 Income … ) (47 ) Proceeds from exercise of stock options 7 5 Repurchase of common stock for treasury — … $ 2 Housing and Infrastructure Products 4 7 Corporate and other 35 13 $ 50 $ 22 …
… from operations 223 536 Interest expense (40 ) (42 ) Other income, net 50 22 Income … ) (47 ) Proceeds from exercise of stock options 7 5 Repurchase of common stock for treasury — … $ 2 Housing and Infrastructure Products 4 7 Corporate and other 35 13 $ 50 $ 22 …
… $ 223 $ 396 Operating income margin 13% 7% 12% Net income attributable to Westlake … $ 174 $ 297 Diluted earnings per common share $ 2.40 $ 1.34 $ 2.31 EBITDA $ 744 $ 546 $ 690 … $ 6,182 $ 6,607 Operating Income Margin 7% 13% 12% 10% 14% EBITDA Margin …
… of 511% vs. 2020 net income Record annual EBITDA of $3.7 billion, an increase of 196% vs. 2020 EBITDA … Net sales $ 3,507 $ 1,965 $ 11,778 $ 7,504 Cost of sales 2,411 1,642 8,283 … 117 551 449 Amortization of intangibles 40 28 123 109 Restructuring, transaction …
… to attain Merger-related synergies 1.0 6.4 7.9 18.4 Long-lived asset impairment charges, net … 2013 Assets: Cash and cash equivalents $ 113.7 $ 166.5 Receivables, net of allowance for doubtful … Depreciation 41.6 40.3 128.4 108.1 Amortization 18.7 …
… 5,263 Property, plant and equipment, net 8,276 7,606 Other assets, net 6,060 5,590 Total … Westlake Corporation stockholders' equity 8,681 7,955 Noncontrolling interests 571 573 Total … investments in unconsolidated subsidiaries (96 ) (7 ) Additions to property, plant and equipment (263 ) …
… $ 285 Diluted earnings per common share $ 0.83 $ 2.40 $ 2.20 Identified Item (1) $ 75 $ — $ — … $ 9,722 Cost of sales 2,618 2,529 7,670 7,702 Gross profit 499 586 1,629 …