XML 65 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Operations (USD $)
In Millions, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Net sales $ 1,675 $ 1,753 $ 3,308 $ 3,342
Cost of sales (1,344) (1,343) (2,707) (2,581)
Gross profit 331 410 601 761
Selling, general and administrative expenses (124) (140) (258) (268)
Amortization of intangible assets (13) (17) (26) (33)
Research and development expenses (26) (25) (52) (48)
Other (charges) gains, net (3) (18) (3) (15)
Foreign exchange gain (loss), net (1) (1) 0 0
Gain (loss) on disposition of businesses and assets, net 0 0 0 0
Operating profit (loss) 164 209 262 397
Equity in net earnings (loss) of affiliates 62 46 113 89
Interest expense (45) (57) (90) (112)
Refinancing expense 0 (3) 0 (3)
Interest income 0 0 1 1
Dividend income - cost investments 84 79 84 79
Other income (expense), net (1) 6 1 9
Earnings (loss) from continuing operations before tax 264 280 371 460
Income tax (provision) benefit (54) (75) 22 (117)
Earnings (loss) from continuing operations 210 205 393 343
Earnings (loss) from operation of discontinued operations 0 (3) 0 3
Gain (loss) on disposition of discontinued operations 0 0 0 0
Income tax (provision) benefit from discontinued operations 0 1 0 (1)
Earnings (loss) from discontinued operations 0 (2) 0 2
Net earnings (loss) 210 203 393 345
Net (earnings) loss attributable to noncontrolling interests 0 0 0 0
Net earnings (loss) attributable to Celanese Corporation 210 203 393 345
Cumulative preferred stock dividends 0 0 0 0
Net earnings (loss) available to common stockholders 210 203 393 345
Amounts attributable to Celanese Corporation        
Earnings (loss) from continuing operations 210 205 393 343
Earnings (loss) from discontinued operations 0 (2) 0 2
Net earnings (loss) $ 210 $ 203 $ 393 $ 345
Earnings (loss) per common share - basic        
Continuing operations $ 1.33 $ 1.31 $ 2.50 $ 2.20
Discontinued operations $ 0.00 $ (0.01) $ 0.00 $ 0.01
Net earnings (loss) - basic $ 1.33 $ 1.30 $ 2.50 $ 2.21
Earnings (loss) per common share - diluted        
Continuing operations $ 1.31 $ 1.29 $ 2.47 $ 2.16
Discontinued operations $ 0.00 $ (0.01) $ 0.00 $ 0.01
Net earnings (loss) - diluted $ 1.31 $ 1.28 $ 2.47 $ 2.17
Weighted average shares - basic 158,128,906 156,280,721 157,335,665 156,124,358
Weighted average shares - diluted 159,740,453 159,209,400 159,410,607 158,938,911