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Consolidating Guarantor Financial Information (Tables)
12 Months Ended
Dec. 31, 2011
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Schedule of Consolidating Guarantor Financial Information
The consolidating financial information for the Parent Guarantor, the Issuer, the Subsidiary Guarantors and the non-guarantors are as follows:
CELANESE CORPORATION AND SUBSIDIARIES
CONSOLIDATING STATEMENTS OF OPERATIONS
 
Year Ended December 31, 2011
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net sales

 

 
2,572

 
5,240

 
(1,049
)
 
6,763

Cost of sales

 

 
(1,847
)
 
(4,507
)
 
1,025

 
(5,329
)
Gross profit

 

 
725

 
733

 
(24
)
 
1,434

Selling, general and administrative expenses

 

 
(168
)
 
(368
)
 

 
(536
)
Amortization of intangible assets

 

 
(17
)
 
(45
)
 

 
(62
)
Research and development expenses

 

 
(64
)
 
(32
)
 

 
(96
)
Other (charges) gains, net

 

 
23

 
(71
)
 

 
(48
)
Foreign exchange gain (loss), net

 

 

 

 

 

Gain (loss) on disposition of businesses and assets, net

 

 
(1
)
 

 
(1
)
 
(2
)
Operating profit (loss)

 

 
498

 
217

 
(25
)
 
690

Equity in net earnings (loss) of affiliates
605

 
770

 
165

 
166

 
(1,514
)
 
192

Interest expense

 
(217
)
 
(41
)
 
(41
)
 
78

 
(221
)
Refinancing expense

 
(3
)
 

 

 

 
(3
)
Interest income

 
23

 
48

 
10

 
(78
)
 
3

Dividend income - cost investments

 

 

 
80

 

 
80

Other income (expense), net

 

 
(39
)
 
53

 

 
14

Earnings (loss) from continuing operations before tax
605

 
573

 
631

 
485

 
(1,539
)
 
755

Income tax (provision) benefit
2

 
32

 
(149
)
 
(43
)
 
9

 
(149
)
Earnings (loss) from continuing operations
607

 
605

 
482

 
442

 
(1,530
)
 
606

Earnings (loss) from operation of discontinued operations

 

 
3

 
(1
)
 

 
2

Gain (loss) on disposition of discontinued operations

 

 

 

 

 

Income tax (provision) benefit from discontinued operations

 

 
(1
)
 

 

 
(1
)
Earnings (loss) from discontinued operations

 

 
2

 
(1
)
 

 
1

Net earnings (loss)
607

 
605

 
484

 
441

 
(1,530
)
 
607

Net (earnings) loss attributable to noncontrolling interests

 

 

 

 

 

Net earnings (loss) attributable to Celanese Corporation
607

 
605

 
484

 
441

 
(1,530
)
 
607




CELANESE CORPORATION AND SUBSIDIARIES
CONSOLIDATING STATEMENTS OF OPERATIONS
 
Year Ended December 31, 2010
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net sales

 

 
2,277

 
4,570

 
(929
)
 
5,918

Cost of sales

 

 
(1,704
)
 
(3,976
)
 
942

 
(4,738
)
Gross profit

 

 
573

 
594

 
13

 
1,180

Selling, general and administrative expenses

 

 
(183
)
 
(322
)
 

 
(505
)
Amortization of intangible assets

 

 
(14
)
 
(47
)
 

 
(61
)
Research and development expenses

 

 
(42
)
 
(28
)
 

 
(70
)
Other (charges) gains, net

 

 
68

 
(114
)
 

 
(46
)
Foreign exchange gain (loss), net

 

 

 
(3
)
 

 
(3
)
Gain (loss) on disposition of businesses and assets, net

 

 
3

 
5

 

 
8

Operating profit (loss)

 

 
405

 
85

 
13

 
503

Equity in net earnings (loss) of affiliates
407

 
551

 
153

 
126

 
(1,069
)
 
168

Interest expense

 
(173
)
 
(38
)
 
(46
)
 
53

 
(204
)
Refinancing expense

 
(16
)
 

 

 

 
(16
)
Interest income

 
21

 
30

 
9

 
(53
)
 
7

Dividend income - cost investments

 

 

 
73

 

 
73

Other income (expense), net
(27
)
 
2

 
(52
)
 
84

 

 
7

Earnings (loss) from continuing operations before tax
380

 
385

 
498

 
331

 
(1,056
)
 
538

Income tax (provision) benefit
(3
)
 
22

 
(91
)
 
(38
)
 
(2
)
 
(112
)
Earnings (loss) from continuing operations
377

 
407

 
407

 
293

 
(1,058
)
 
426

Earnings (loss) from operation of discontinued operations

 

 
(78
)
 
(2
)
 

 
(80
)
Gain (loss) on disposition of discontinued operations

 

 
2

 

 

 
2

Income tax (provision) benefit from discontinued operations

 

 
28

 
1

 

 
29

Earnings (loss) from discontinued operations

 

 
(48
)
 
(1
)
 

 
(49
)
Net earnings (loss)
377

 
407

 
359

 
292

 
(1,058
)
 
377

Net (earnings) loss attributable to noncontrolling interests

 

 

 

 

 

Net earnings (loss) attributable to Celanese Corporation
377

 
407

 
359

 
292

 
(1,058
)
 
377






CELANESE CORPORATION AND SUBSIDIARIES
CONSOLIDATING STATEMENTS OF OPERATIONS
 
Year Ended December 31, 2009
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net sales

 

 
2,046

 
3,986

 
(950
)
 
5,082

Cost of sales

 

 
(1,443
)
 
(3,578
)
 
942

 
(4,079
)
Gross profit

 

 
603

 
408

 
(8
)
 
1,003

Selling, general and administrative expenses

 

 
(176
)
 
(298
)
 

 
(474
)
Amortization of intangible assets

 

 
(12
)
 
(65
)
 

 
(77
)
Research and development expenses

 

 
(41
)
 
(29
)
 

 
(70
)
Other (charges) gains, net

 

 
(1
)
 
(135
)
 

 
(136
)
Foreign exchange gain (loss), net

 

 

 
2

 

 
2

Gain (loss) on disposition of businesses and assets, net

 

 
6

 
26

 
10

 
42

Operating profit (loss)

 

 
379

 
(91
)
 
2

 
290

Equity in net earnings (loss) of affiliates
491

 
523

 
72

 
86

 
(1,073
)
 
99

Interest expense

 
(169
)
 
(44
)
 
(47
)
 
53

 
(207
)
Interest income

 
24

 
27

 
10

 
(53
)
 
8

Dividend income - cost investments

 

 
38

 
19

 

 
57

Other income (expense), net

 
4

 
(2
)
 
2

 

 
4

Earnings (loss) from continuing operations before tax
491

 
382

 
470

 
(21
)
 
(1,071
)
 
251

Income tax (provision) benefit
7

 
109

 
276

 
(149
)
 

 
243

Earnings (loss) from continuing operations
498

 
491

 
746

 
(170
)
 
(1,071
)
 
494

Earnings (loss) from operation of discontinued operations

 

 

 
6

 

 
6

Gain (loss) on disposition of discontinued operations

 

 

 

 

 

Income tax (provision) benefit from discontinued operations

 

 

 
(2
)
 

 
(2
)
Earnings (loss) from discontinued operations

 

 

 
4

 

 
4

Net earnings (loss)
498

 
491

 
746

 
(166
)
 
(1,071
)
 
498

Net (earnings) loss attributable to noncontrolling interests

 

 

 

 

 

Net earnings (loss) attributable to Celanese Corporation
498

 
491

 
746

 
(166
)
 
(1,071
)
 
498






CELANESE CORPORATION AND SUBSIDIARIES
CONSOLIDATING BALANCE SHEETS
 
As of December 31, 2011
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
ASSETS
 

 
 

 
 

 
 

 
 

 
 

Current assets
 

 
 

 
 

 
 

 
 

 
 

Cash and cash equivalents

 

 
133

 
549

 

 
682

Trade receivables - third party and affiliates

 

 
297

 
694

 
(120
)
 
871

Non-trade receivables, net

 
10

 
1,651

 
562

 
(1,988
)
 
235

Inventories, net

 

 
187

 
590

 
(65
)
 
712

Deferred income taxes

 

 
87

 
17

 

 
104

Marketable securities, at fair value

 

 
64

 

 

 
64

Assets held for sale

 

 

 

 

 

Other assets

 
6

 
18

 
45

 
(34
)
 
35

Total current assets

 
16

 
2,437

 
2,457

 
(2,207
)
 
2,703

Investments in affiliates
1,315

 
2,978

 
1,530

 
535

 
(5,534
)
 
824

Property, plant and equipment, net

 

 
735

 
2,534

 

 
3,269

Deferred income taxes

 
17

 
382

 
22

 

 
421

Other assets

 
1,903

 
132

 
296

 
(1,987
)
 
344

Goodwill

 

 
298

 
462

 

 
760

Intangible assets, net

 

 
69

 
128

 

 
197

Total assets
1,315

 
4,914

 
5,583

 
6,434

 
(9,728
)
 
8,518

LIABILITIES AND EQUITY
Current liabilities
 

 
 

 
 

 
 

 
 

 
 

Short-term borrowings and current installments of long-term debt - third party and affiliates

 
1,492

 
176

 
131

 
(1,655
)
 
144

Trade payables - third party and affiliates

 

 
258

 
535

 
(120
)
 
673

Other liabilities

 
63

 
353

 
506

 
(383
)
 
539

Deferred income taxes

 
16

 
(16
)
 
17

 

 
17

Income taxes payable
(29
)
 
(373
)
 
384

 
35

 
(5
)
 
12

Total current liabilities
(29
)
 
1,198

 
1,155

 
1,224

 
(2,163
)
 
1,385

Noncurrent liabilities
 
 
 
 
 
 
 
 
 
 
 
Long-term debt

 
2,372

 
834

 
1,650

 
(1,983
)
 
2,873

Deferred income taxes

 

 

 
92

 

 
92

Uncertain tax positions
3

 
16

 
27

 
136

 

 
182

Benefit obligations

 

 
1,346

 
146

 

 
1,492

Other liabilities

 
13

 
99

 
1,055

 
(14
)
 
1,153

Total noncurrent liabilities
3

 
2,401

 
2,306

 
3,079

 
(1,997
)
 
5,792

Total Celanese Corporation stockholders’ equity
1,341

 
1,315

 
2,122

 
2,131

 
(5,568
)
 
1,341

Noncontrolling interests

 

 

 

 

 

Total equity
1,341

 
1,315

 
2,122

 
2,131

 
(5,568
)
 
1,341

Total liabilities and equity
1,315

 
4,914

 
5,583

 
6,434

 
(9,728
)
 
8,518


CELANESE CORPORATION AND SUBSIDIARIES
CONSOLIDATING BALANCE SHEETS
 
As of December 31, 2010
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
ASSETS
 

 
 

 
 

 
 

 
 

 
 

Current assets
 

 
 

 
 

 
 

 
 

 
 

Cash and cash equivalents

 

 
128

 
612

 

 
740

Trade receivables - third party and affiliates

 

 
246

 
672

 
(91
)
 
827

Non-trade receivables, net

 
10

 
1,400

 
515

 
(1,672
)
 
253

Inventories, net

 

 
164

 
484

 
(38
)
 
610

Deferred income taxes

 
25

 
33

 
34

 

 
92

Marketable securities, at fair value

 

 
77

 
1

 

 
78

Assets held for sale

 

 
9

 

 

 
9

Other assets

 
48

 
33

 
43

 
(65
)
 
59

Total current assets

 
83

 
2,090

 
2,361

 
(1,866
)
 
2,668

Investments in affiliates
903

 
3,721

 
1,413

 
530

 
(5,729
)
 
838

Property, plant and equipment, net

 

 
650

 
2,367

 

 
3,017

Deferred income taxes

 
19

 
404

 
20

 

 
443

Other assets

 
614

 
125

 
389

 
(839
)
 
289

Goodwill

 

 
297

 
477

 

 
774

Intangible assets, net

 

 
79

 
173

 

 
252

Total assets
903

 
4,437

 
5,058

 
6,317

 
(8,434
)
 
8,281

LIABILITIES AND EQUITY
Current liabilities
 

 
 

 
 

 
 

 
 

 
 

Short-term borrowings and current installments of long-term debt - third party and affiliates

 
1,227

 
137

 
190

 
(1,326
)
 
228

Trade payables - third party and affiliates

 

 
249

 
515

 
(91
)
 
673

Other liabilities

 
87

 
385

 
544

 
(420
)
 
596

Deferred income taxes

 

 

 
28

 

 
28

Income taxes payable
(26
)
 
(309
)
 
314

 
39

 
(1
)
 
17

Total current liabilities
(26
)
 
1,005

 
1,085

 
1,316

 
(1,838
)
 
1,542

Noncurrent liabilities
 
 
 
 
 
 
 
 
 
 
 
Long-term debt

 
2,498

 
980

 
346

 
(834
)
 
2,990

Deferred income taxes

 

 

 
116

 

 
116

Uncertain tax positions
3

 
17

 
28

 
225

 

 
273

Benefit obligations

 

 
1,230

 
129

 

 
1,359

Other liabilities

 
14

 
123

 
954

 
(16
)
 
1,075

Total noncurrent liabilities
3

 
2,529

 
2,361

 
1,770

 
(850
)
 
5,813

Total Celanese Corporation stockholders’ equity
926

 
903

 
1,612

 
3,231

 
(5,746
)
 
926

Noncontrolling interests

 

 

 

 

 

Total equity
926

 
903

 
1,612

 
3,231

 
(5,746
)
 
926

Total liabilities and equity
903

 
4,437

 
5,058

 
6,317

 
(8,434
)
 
8,281



CELANESE CORPORATION AND SUBSIDIARIES
CONSOLIDATING STATEMENTS OF CASH FLOWS
 
Year Ended December 31, 2011
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net cash provided by (used in) operating activities
(4
)
 

 
274

 
368

 

 
638

Investing activities
 

 
 

 
 

 
 

 
 

 
 

Capital expenditures on property, plant and equipment

 

 
(145
)
 
(204
)
 

 
(349
)
Acquisitions, net of cash acquired

 

 
(8
)
 

 

 
(8
)
Proceeds from sale of businesses and assets, net

 

 
1

 
5

 

 
6

Deferred proceeds from Ticona Kelsterbach plant relocation

 

 

 
159

 

 
159

Capital expenditures related to Ticona Kelsterbach plant relocation

 

 

 
(204
)
 

 
(204
)
Other, net

 

 
(15
)
 
(30
)
 

 
(45
)
Net cash provided by (used in) investing activities

 

 
(167
)
 
(274
)
 

 
(441
)
Financing activities
 

 
 

 
 

 
 

 
 

 
 

Short-term borrowings (repayments), net

 

 
(5
)
 
(11
)
 

 
(16
)
Proceeds from long-term debt

 
400

 

 
11

 

 
411

Repayments of long-term debt

 
(532
)
 
(4
)
 
(55
)
 

 
(591
)
Refinancing costs

 
(8
)
 

 

 

 
(8
)
Proceeds and repayments from intercompany financing activities

 
140

 
(140
)
 

 

 

Purchases of treasury stock, including related fees
(31
)
 

 

 

 

 
(31
)
Dividends from subsidiary
45

 
145

 

 

 
(190
)
 

Dividends to parent

 
(45
)
 
(45
)
 
(100
)
 
190

 

Contributions from parent to subsidiary

 
(100
)
 
100

 

 

 

Stock option exercises
20

 

 

 

 

 
20

Series A common stock dividends
(34
)
 

 

 

 

 
(34
)
Preferred stock dividends

 

 

 

 

 

Other, net
4

 

 
(8
)
 

 

 
(4
)
Net cash provided by (used in) financing activities
4

 

 
(102
)
 
(155
)
 

 
(253
)
Exchange rate effects on cash and cash equivalents

 

 

 
(2
)
 

 
(2
)
Net increase (decrease) in cash and cash equivalents

 

 
5

 
(63
)
 

 
(58
)
Cash and cash equivalents as of beginning of period

 

 
128

 
612

 

 
740

Cash and cash equivalents as of end of period

 

 
133

 
549

 

 
682




CELANESE CORPORATION AND SUBSIDIARIES
CONSOLIDATING STATEMENTS OF CASH FLOWS
 
Year Ended December 31, 2010
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net cash provided by (used in) operating activities
(42
)
 

 
49

 
445

 

 
452

Investing activities
 

 
 

 
 

 
 

 
 

 
 

Capital expenditures on property, plant and equipment

 

 
(88
)
 
(113
)
 

 
(201
)
Acquisitions, net of cash acquired

 

 
(46
)
 

 

 
(46
)
Proceeds from sale of businesses and assets, net

 

 
4

 
22

 

 
26

Deferred proceeds from Ticona Kelsterbach plant relocation

 

 

 

 

 

Capital expenditures related to Ticona Kelsterbach plant relocation

 

 

 
(312
)
 

 
(312
)
Other, net

 

 
(6
)
 
(21
)
 

 
(27
)
Net cash provided by (used in) investing activities

 

 
(136
)
 
(424
)
 

 
(560
)
Financing activities
 

 
 

 
 

 
 

 
 

 
 

Short-term borrowings (repayments), net

 

 
3

 
(19
)
 

 
(16
)
Proceeds from long-term debt

 
600

 

 

 

 
600

Repayments of long-term debt

 
(827
)
 
(2
)
 
(68
)
 

 
(897
)
Refinancing costs

 
(24
)
 

 

 

 
(24
)
Proceeds and repayments from intercompany financing activities

 
251

 
(218
)
 
(33
)
 

 

Purchases of treasury stock, including related fees
(48
)
 

 

 

 

 
(48
)
Dividends from subsidiary
86

 
86

 

 

 
(172
)
 

Dividends to parent

 
(86
)
 
(86
)
 

 
172

 

Contributions from parent to subsidiary

 

 

 

 

 

Stock option exercises
14

 

 

 

 

 
14

Series A common stock dividends
(28
)
 

 

 

 

 
(28
)
Preferred stock dividends
(3
)
 

 

 

 

 
(3
)
  Other, net
16

 

 
(2
)
 

 

 
14

Net cash provided by (used in) financing activities
37

 

 
(305
)
 
(120
)
 

 
(388
)
Exchange rate effects on cash and cash equivalents

 

 

 
(18
)
 

 
(18
)
Net increase (decrease) in cash and cash equivalents
(5
)
 

 
(392
)
 
(117
)
 

 
(514
)
Cash and cash equivalents as of beginning of period
5

 

 
520

 
729

 

 
1,254

Cash and cash equivalents as of end of period

 

 
128

 
612

 

 
740


CELANESE CORPORATION AND SUBSIDIARIES
CONSOLIDATING STATEMENTS OF CASH FLOWS
 
Year Ended December 31, 2009
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net cash provided by (used in) operating activities

 

 
298

 
298

 

 
596

Investing activities
 
 
 
 
 
 
 
 
 
 
 
Capital expenditures on property, plant and equipment

 

 
(58
)
 
(118
)
 

 
(176
)
Acquisitions, net of cash acquired

 

 

 
(9
)
 

 
(9
)
Proceeds from sale of businesses and assets, net

 

 
132

 
39

 

 
171

Deferred proceeds from Ticona Kelsterbach plant relocation

 

 

 
412

 

 
412

Capital expenditures related to Ticona Kelsterbach plant relocation

 

 

 
(351
)
 

 
(351
)
Proceeds from sale of marketable securities

 

 

 
15

 

 
15

Other, net

 

 
(4
)
 
(27
)
 

 
(31
)
Net cash provided by (used in) investing activities

 

 
70

 
(39
)
 

 
31

Financing activities
 
 
 
 
 
 
 
 
 
 
 
Short-term borrowings (repayments), net

 

 
(4
)
 
(5
)
 

 
(9
)
Proceeds from long-term debt

 

 

 

 

 

Repayments of long-term debt

 
(28
)
 
(16
)
 
(36
)
 

 
(80
)
Refinancing costs

 
(3
)
 

 

 

 
(3
)
Proceeds and repayments from intercompany financing activities

 
31

 
(31
)
 

 

 

Purchases of treasury stock, including related fees

 

 

 

 

 

Dividends from subsidiary
24

 
24

 
4

 

 
(52
)
 

Dividends to parent

 
(24
)
 
(24
)
 
(4
)
 
52

 

Contributions from parent to subsidiary

 

 

 

 

 

Stock option exercises
14

 

 

 

 

 
14

Series A common stock dividends
(23
)
 

 

 

 

 
(23
)
Preferred stock dividends
(10
)
 

 

 

 

 
(10
)
  Other, net

 

 
(1
)
 

 

 
(1
)
Net cash provided by (used in) financing activities
5

 

 
(72
)
 
(45
)
 

 
(112
)
Exchange rate effects on cash and cash equivalents

 

 

 
63

 

 
63

Net increase (decrease) in cash and cash equivalents
5

 

 
296

 
277

 

 
578

Cash and cash equivalents as of beginning of period

 

 
224

 
452

 

 
676

Cash and cash equivalents as of end of period
5

 

 
520

 
729

 

 
1,254