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Consolidating Guarantor Financial Information (Tables)
6 Months Ended
Jun. 30, 2012
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Schedule of Consolidating Guarantor Financial Information
The unaudited interim consolidating financial statements for the Parent Guarantor, the Issuer, the Subsidiary Guarantors and the non-guarantors are as follows:










CELANESE CORPORATION AND SUBSIDIARIES
UNAUDITED INTERIM CONSOLIDATING STATEMENTS OF OPERATIONS
 
Three Months Ended June 30, 2012
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net sales

 

 
734

 
1,239

 
(298
)
 
1,675

Cost of sales

 

 
(520
)
 
(1,113
)
 
289

 
(1,344
)
Gross profit

 

 
214

 
126

 
(9
)
 
331

Selling, general and administrative expenses

 

 
(48
)
 
(76
)
 

 
(124
)
Amortization of intangible assets

 

 
(4
)
 
(9
)
 

 
(13
)
Research and development expenses

 

 
(18
)
 
(8
)
 

 
(26
)
Other (charges) gains, net

 

 
6

 
(3
)
 
(6
)
 
(3
)
Foreign exchange gain (loss), net

 

 

 
(1
)
 

 
(1
)
Gain (loss) on disposition of businesses and assets, net

 

 

 

 

 

Operating profit (loss)

 

 
150

 
29

 
(15
)
 
164

Equity in net earnings (loss) of affiliates
209

 
239

 
50

 
49

 
(485
)
 
62

Interest expense

 
(48
)
 
(10
)
 
(19
)
 
32

 
(45
)
Refinancing expense

 

 

 

 

 

Interest income

 
15

 
16

 
1

 
(32
)
 

Dividend income - cost investments

 

 

 
84

 

 
84

Other income (expense), net

 

 

 
(1
)
 

 
(1
)
Earnings (loss) from continuing operations before tax
209

 
206

 
206

 
143

 
(500
)
 
264

Income tax (provision) benefit
1

 
3

 
(40
)
 
(22
)
 
4

 
(54
)
Earnings (loss) from continuing operations
210

 
209

 
166

 
121

 
(496
)
 
210

Earnings (loss) from operation of discontinued operations

 

 

 

 

 

Gain (loss) on disposition of discontinued operations

 

 

 

 

 

Income tax (provision) benefit from discontinued operations

 

 

 

 

 

Earnings (loss) from discontinued operations

 

 

 

 

 

Net earnings (loss)
210

 
209

 
166

 
121

 
(496
)
 
210

Net (earnings) loss attributable to noncontrolling interests

 

 

 

 

 

Net earnings (loss) attributable to Celanese Corporation
210

 
209

 
166

 
121

 
(496
)
 
210



CELANESE CORPORATION AND SUBSIDIARIES
UNAUDITED INTERIM CONSOLIDATING STATEMENTS OF OPERATIONS
 
Three Months Ended June 30, 2011
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net sales

 

 
660

 
1,380

 
(287
)
 
1,753

Cost of sales

 

 
(472
)
 
(1,154
)
 
283

 
(1,343
)
Gross profit

 

 
188

 
226

 
(4
)
 
410

Selling, general and administrative expenses

 

 
(41
)
 
(99
)
 

 
(140
)
Amortization of intangible assets

 

 
(5
)
 
(12
)
 

 
(17
)
Research and development expenses

 

 
(17
)
 
(8
)
 

 
(25
)
Other (charges) gains, net

 

 
6

 
(24
)
 

 
(18
)
Foreign exchange gain (loss), net

 

 

 
(1
)
 

 
(1
)
Gain (loss) on disposition of businesses and assets, net

 

 
1

 
(1
)
 

 

Operating profit (loss)

 

 
132

 
81

 
(4
)
 
209

Equity in net earnings (loss) of affiliates
202

 
246

 
27

 
35

 
(464
)
 
46

Interest expense

 
(56
)
 
(9
)
 
(9
)
 
17

 
(57
)
Refinancing expense

 
(3
)
 

 

 

 
(3
)
Interest income

 
5

 
10

 
2

 
(17
)
 

Dividend income - cost investments

 

 

 
79

 

 
79

Other income (expense), net

 
1

 
(1
)
 
6

 

 
6

Earnings (loss) from continuing operations before tax
202

 
193

 
159

 
194

 
(468
)
 
280

Income tax (provision) benefit
1

 
9

 
(49
)
 
(37
)
 
1

 
(75
)
Earnings (loss) from continuing operations
203

 
202

 
110

 
157

 
(467
)
 
205

Earnings (loss) from operation of discontinued operations

 

 
(3
)
 

 

 
(3
)
Gain (loss) on disposition of discontinued operations

 

 

 

 

 

Income tax (provision) benefit from discontinued operations

 

 
1

 

 

 
1

Earnings (loss) from discontinued operations

 

 
(2
)
 

 

 
(2
)
Net earnings (loss)
203

 
202

 
108

 
157

 
(467
)
 
203

Net (earnings) loss attributable to noncontrolling interests

 

 

 

 

 

Net earnings (loss) attributable to Celanese Corporation
203

 
202

 
108

 
157

 
(467
)
 
203


CELANESE CORPORATION AND SUBSIDIARIES
UNAUDITED INTERIM CONSOLIDATING STATEMENTS OF OPERATIONS
 
Six Months Ended June 30, 2012
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net sales

 

 
1,374

 
2,488

 
(554
)
 
3,308

Cost of sales

 

 
(1,002
)
 
(2,261
)
 
556

 
(2,707
)
Gross profit

 

 
372

 
227

 
2

 
601

Selling, general and administrative expenses

 

 
(94
)
 
(164
)
 

 
(258
)
Amortization of intangible assets

 

 
(9
)
 
(17
)
 

 
(26
)
Research and development expenses

 

 
(34
)
 
(18
)
 

 
(52
)
Other (charges) gains, net

 

 
7

 
(4
)
 
(6
)
 
(3
)
Foreign exchange gain (loss), net

 

 

 

 

 

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

 

 

 

 

 

Operating profit (loss)

 

 
242

 
24

 
(4
)
 
262

Equity in net earnings (loss) of affiliates
392

 
436

 
90

 
91

 
(896
)
 
113

Interest expense

 
(96
)
 
(21
)
 
(37
)
 
64

 
(90
)
Refinancing expense

 

 

 

 

 

Interest income

 
30

 
32

 
3

 
(64
)
 
1

Dividend income - cost investments

 

 

 
84

 

 
84

Other income (expense), net

 
1

 

 

 

 
1

Earnings (loss) from continuing operations before tax
392

 
371

 
343

 
165

 
(900
)
 
371

Income tax (provision) benefit
1

 
21

 
22

 
(23
)
 
1

 
22

Earnings (loss) from continuing operations
393

 
392

 
365

 
142

 
(899
)
 
393

Earnings (loss) from operation of discontinued operations

 

 

 

 

 

Gain (loss) on disposition of discontinued operations

 

 

 

 

 

Income tax (provision) benefit from discontinued operations

 

 

 

 

 

Earnings (loss) from discontinued operations

 

 

 

 

 

Net earnings (loss)
393

 
392

 
365

 
142

 
(899
)
 
393

Net (earnings) loss attributable to noncontrolling interests

 

 

 

 

 

Net earnings (loss) attributable to Celanese Corporation
393

 
392

 
365

 
142

 
(899
)
 
393

CELANESE CORPORATION AND SUBSIDIARIES
UNAUDITED INTERIM CONSOLIDATING STATEMENTS OF OPERATIONS
 
Six Months Ended June 30, 2011
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net sales

 

 
1,275

 
2,611

 
(544
)
 
3,342

Cost of sales

 

 
(908
)
 
(2,205
)
 
532

 
(2,581
)
Gross profit

 

 
367

 
406

 
(12
)
 
761

Selling, general and administrative expenses

 

 
(80
)
 
(188
)
 

 
(268
)
Amortization of intangible assets

 

 
(9
)
 
(24
)
 

 
(33
)
Research and development expenses

 

 
(30
)
 
(18
)
 

 
(48
)
Other (charges) gains, net

 

 
25

 
(40
)
 

 
(15
)
Foreign exchange gain (loss), net

 

 

 

 

 

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

 

 
1

 
(1
)
 

 

Operating profit (loss)

 

 
274

 
135

 
(12
)
 
397

Equity in net earnings (loss) of affiliates
344

 
424

 
55

 
71

 
(805
)
 
89

Interest expense

 
(107
)
 
(21
)
 
(19
)
 
35

 
(112
)
Refinancing expense

 
(3
)
 

 

 

 
(3
)
Interest income

 
11

 
19

 
6

 
(35
)
 
1

Dividend income - cost investments

 

 

 
79

 

 
79

Other income (expense), net

 
3

 
(1
)
 
7

 

 
9

Earnings (loss) from continuing operations before tax
344

 
328

 
326

 
279

 
(817
)
 
460

Income tax (provision) benefit
1

 
16

 
(93
)
 
(43
)
 
2

 
(117
)
Earnings (loss) from continuing operations
345

 
344

 
233

 
236

 
(815
)
 
343

Earnings (loss) from operation of discontinued operations

 

 
3

 

 

 
3

Gain (loss) on disposition of discontinued operations

 

 

 

 

 

Income tax (provision) benefit from discontinued operations

 

 
(1
)
 

 

 
(1
)
Earnings (loss) from discontinued operations

 

 
2

 

 

 
2

Net earnings (loss)
345

 
344

 
235

 
236

 
(815
)
 
345

Net (earnings) loss attributable to noncontrolling interests

 

 

 

 

 

Net earnings (loss) attributable to Celanese Corporation
345

 
344

 
235

 
236

 
(815
)
 
345


CELANESE CORPORATION AND SUBSIDIARIES
UNAUDITED INTERIM CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
 
Three Months Ended June 30, 2012
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net earnings (loss)
210

 
209

 
166

 
121

 
(496
)
 
210

Other comprehensive income (loss), net of tax
 
 
 
 
 
 
 
 
 
 
 
Unrealized gain (loss) on marketable securities

 

 

 

 

 

Foreign currency translation
(50
)
 
(50
)
 
17

 
11

 
22

 
(50
)
Unrealized gain (loss) on interest rate swaps

 

 

 

 

 

Pension and postretirement benefits
9

 
9

 
7

 
1

 
(17
)
 
9

Total other comprehensive income (loss), net of tax
(41
)
 
(41
)
 
24

 
12

 
5

 
(41
)
Total comprehensive income (loss), net of tax
169

 
168

 
190

 
133

 
(491
)
 
169

Comprehensive (income) loss attributable to noncontrolling interests

 

 

 

 

 

Comprehensive income (loss) attributable to Celanese Corporation
169

 
168

 
190

 
133

 
(491
)
 
169

CELANESE CORPORATION AND SUBSIDIARIES
UNAUDITED INTERIM CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
 
Three Months Ended June 30, 2011
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net earnings (loss)
203

 
202

 
108

 
157

 
(467
)
 
203

Other comprehensive income (loss), net of tax
 
 
 
 
 
 
 
 
 
 
 
Unrealized gain (loss) on marketable securities

 

 

 

 

 

Foreign currency translation
29

 
29

 
9

 
21

 
(59
)
 
29

Unrealized gain (loss) on interest rate swaps

 

 

 
(1
)
 
1

 

Pension and postretirement benefits
5

 
5

 
5

 

 
(10
)
 
5

Total other comprehensive income (loss), net of tax
34

 
34

 
14

 
20

 
(68
)
 
34

Total comprehensive income (loss), net of tax
237

 
236

 
122

 
177

 
(535
)
 
237

Comprehensive (income) loss attributable to noncontrolling interests

 

 

 

 

 

Comprehensive income (loss) attributable to Celanese Corporation
237

 
236

 
122

 
177

 
(535
)
 
237


CELANESE CORPORATION AND SUBSIDIARIES
UNAUDITED INTERIM CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
 
Six Months Ended June 30, 2012
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net earnings (loss)
393

 
392

 
365

 
142

 
(899
)
 
393

Other comprehensive income (loss), net of tax
 
 
 
 
 
 
 
 
 
 
 
Unrealized gain (loss) on marketable securities

 

 

 

 

 

Foreign currency translation
(24
)
 
(24
)
 
6

 
5

 
13

 
(24
)
Unrealized gain (loss) on interest rate swaps
1

 
1

 

 

 
(1
)
 
1

Pension and postretirement benefits
15

 
15

 
13

 
(1
)
 
(27
)
 
15

Total other comprehensive income (loss), net of tax
(8
)
 
(8
)
 
19

 
4

 
(15
)
 
(8
)
Total comprehensive income (loss), net of tax
385

 
384

 
384

 
146

 
(914
)
 
385

Comprehensive (income) loss attributable to noncontrolling interests

 

 

 

 

 

Comprehensive income (loss) attributable to Celanese Corporation
385

 
384

 
384

 
146

 
(914
)
 
385


CELANESE CORPORATION AND SUBSIDIARIES
UNAUDITED INTERIM CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
 
Six Months Ended June 30, 2011
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net earnings (loss)
345

 
344

 
235

 
236

 
(815
)
 
345

Other comprehensive income (loss), net of tax
 
 
 
 
 
 
 
 
 
 
 
Unrealized gain (loss) on marketable securities

 

 

 

 

 

Foreign currency translation
87

 
87

 
(10
)
 
98

 
(175
)
 
87

Unrealized gain (loss) on interest rate swaps
9

 
9

 

 
(1
)
 
(8
)
 
9

Pension and postretirement benefits
8

 
8

 
8

 

 
(16
)
 
8

Total other comprehensive income (loss), net of tax
104

 
104

 
(2
)
 
97

 
(199
)
 
104

Total comprehensive income (loss), net of tax
449

 
448

 
233

 
333

 
(1,014
)
 
449

Comprehensive (income) loss attributable to noncontrolling interests

 

 

 

 

 

Comprehensive income (loss) attributable to Celanese Corporation
449

 
448

 
233

 
333

 
(1,014
)
 
449

CELANESE CORPORATION AND SUBSIDIARIES
UNAUDITED CONSOLIDATING BALANCE SHEETS
 
As of June 30, 2012
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
ASSETS
 

 
 

 
 

 
 

 
 

 
 

Current assets
 

 
 

 
 

 
 

 
 

 
 

Cash and cash equivalents
43

 

 
139

 
618

 

 
800

Trade receivables - third party and affiliates

 

 
353

 
745

 
(141
)
 
957

Non-trade receivables, net

 
23

 
1,749

 
504

 
(2,099
)
 
177

Inventories, net

 

 
186

 
608

 
(68
)
 
726

Deferred income taxes

 

 
87

 
19

 

 
106

Marketable securities, at fair value

 

 
60

 

 

 
60

Other assets

 
6

 
19

 
32

 
(17
)
 
40

Total current assets
43

 
29

 
2,593

 
2,526

 
(2,325
)
 
2,866

Investments in affiliates
1,707

 
3,450

 
1,551

 
515

 
(6,467
)
 
756

Property, plant and equipment, net

 

 
777

 
2,488

 

 
3,265

Deferred income taxes

 
17

 
519

 
26

 

 
562

Other assets

 
1,862

 
136

 
338

 
(1,946
)
 
390

Goodwill

 

 
306

 
450

 

 
756

Intangible assets, net

 

 
75

 
109

 

 
184

Total assets
1,750

 
5,358

 
5,957

 
6,452

 
(10,738
)
 
8,779

LIABILITIES AND EQUITY
Current liabilities
 

 
 

 
 

 
 

 
 

 
 

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

 
1,604

 
181

 
112

 
(1,766
)
 
131

Trade payables - third party and affiliates

 

 
274

 
555

 
(141
)
 
688

Other liabilities

 
39

 
329

 
463

 
(365
)
 
466

Deferred income taxes

 
16

 
(16
)
 
18

 

 
18

Income taxes payable
(30
)
 
(379
)
 
424

 
27

 
(5
)
 
37

Total current liabilities
(30
)
 
1,280

 
1,192

 
1,175

 
(2,277
)
 
1,340

Noncurrent liabilities
 
 
 
 
 
 
 
 
 
 
 
Long-term debt

 
2,358

 
828

 
1,600

 
(1,941
)
 
2,845

Deferred income taxes

 

 
38

 
92

 

 
130

Uncertain tax positions
3

 
2

 
30

 
137

 

 
172

Benefit obligations

 

 
1,250

 
142

 

 
1,392

Other liabilities

 
11

 
104

 
1,021

 
(13
)
 
1,123

Total noncurrent liabilities
3

 
2,371

 
2,250

 
2,992

 
(1,954
)
 
5,662

Total Celanese Corporation stockholders’ equity
1,777

 
1,707

 
2,515

 
2,285

 
(6,507
)
 
1,777

Noncontrolling interests

 

 

 

 

 

Total equity
1,777

 
1,707

 
2,515

 
2,285

 
(6,507
)
 
1,777

Total liabilities and equity
1,750

 
5,358

 
5,957

 
6,452

 
(10,738
)
 
8,779


CELANESE CORPORATION AND SUBSIDIARIES
UNAUDITED 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

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
UNAUDITED INTERIM CONSOLIDATING STATEMENTS OF CASH FLOWS
 
Six Months Ended June 30, 2012
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net cash provided by (used in) operating activities
(29
)
 

 
175

 
256

 

 
402

Investing activities
 

 
 

 
 

 
 

 
 

 
 

Capital expenditures on property, plant and equipment

 

 
(93
)
 
(90
)
 

 
(183
)
Acquisitions, net of cash acquired

 

 
(23
)
 

 

 
(23
)
Proceeds from sale of businesses and assets, net

 

 
1

 

 

 
1

Deferred proceeds from Ticona Kelsterbach plant relocation

 

 

 

 

 

Capital expenditures related to Ticona Kelsterbach plant relocation

 

 

 
(35
)
 

 
(35
)
Other, net

 

 
(9
)
 
(34
)
 

 
(43
)
Net cash provided by (used in) investing activities

 

 
(124
)
 
(159
)
 

 
(283
)
Financing activities
 

 
 

 
 

 
 

 
 

 
 

Short-term borrowings (repayments), net

 

 
1

 
(15
)
 

 
(14
)
Proceeds from long-term debt

 

 

 

 

 

Repayments of long-term debt

 
(7
)
 
(1
)
 
(11
)
 

 
(19
)
Refinancing costs

 

 

 

 

 

Proceeds and repayments from intercompany financing activities

 
7

 
(7
)
 

 

 

Purchases of treasury stock, including related fees
(28
)
 

 

 

 

 
(28
)
Dividends from subsidiary
35

 
35

 

 

 
(70
)
 

Dividends to parent

 
(35
)
 
(35
)
 

 
70

 

Contributions from parent to subsidiary

 

 
(3
)
 
3

 

 

Stock option exercises
55

 

 

 

 

 
55

Series A common stock dividends
(19
)
 

 

 

 

 
(19
)
Preferred stock dividends

 

 

 

 

 

Other, net
29

 

 

 

 

 
29

Net cash provided by (used in) financing activities
72

 

 
(45
)
 
(23
)
 

 
4

Exchange rate effects on cash and cash equivalents

 

 

 
(5
)
 

 
(5
)
Net increase (decrease) in cash and cash equivalents
43

 

 
6

 
69

 

 
118

Cash and cash equivalents as of beginning of period

 

 
133

 
549

 

 
682

Cash and cash equivalents as of end of period
43

 

 
139

 
618

 

 
800

CELANESE CORPORATION AND SUBSIDIARIES
UNAUDITED INTERIM CONSOLIDATING STATEMENTS OF CASH FLOWS
 
Six Months Ended June 30, 2011
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net cash provided by (used in) operating activities

 

 
175

 
141

 

 
316

Investing activities
 

 
 

 
 

 
 

 
 

 
 

Capital expenditures on property, plant and equipment

 

 
(63
)
 
(88
)
 

 
(151
)
Acquisitions, net of cash acquired

 

 
(8
)
 

 

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

 

 
1

 
4

 

 
5

Deferred proceeds from Ticona Kelsterbach plant relocation

 

 

 
158

 

 
158

Capital expenditures related to Ticona Kelsterbach plant relocation

 

 

 
(114
)
 

 
(114
)
Other, net

 

 
(2
)
 
(21
)
 

 
(23
)
Net cash provided by (used in) investing activities

 

 
(72
)
 
(61
)
 

 
(133
)
Financing activities
 

 
 

 
 

 
 

 
 

 
 

Short-term borrowings (repayments), net

 

 
(8
)
 
(26
)
 

 
(34
)
Proceeds from long term debt

 
400

 

 
11

 

 
411

Repayments of long-term debt

 
(525
)
 
(1
)
 
(27
)
 

 
(553
)
Refinancing costs

 
(8
)
 

 

 

 
(8
)
Proceeds and repayments from intercompany financing activities

 
133

 
(133
)
 

 

 

Purchases of treasury stock, including related fees
(13
)
 

 

 

 

 
(13
)
Dividends from subsidiary
13

 
113

 

 

 
(126
)
 

Dividends to parent

 
(13
)
 
(13
)
 
(100
)
 
126

 

Contributions from parent to subsidiary

 
(100
)
 
100

 

 

 

Stock option exercises
17

 

 

 

 

 
17

Series A common stock dividends
(16
)
 

 

 

 

 
(16
)
Preferred stock dividends

 

 

 

 

 

  Other, net

 

 
(2
)
 

 

 
(2
)
Net cash provided by (used in) financing activities
1

 

 
(57
)
 
(142
)
 

 
(198
)
Exchange rate effects on cash and cash equivalents

 

 

 
16

 

 
16

Net increase (decrease) in cash and cash equivalents
1

 

 
46

 
(46
)
 

 
1

Cash and cash equivalents as of beginning of period

 

 
128

 
612

 

 
740

Cash and cash equivalents as of end of period
1

 

 
174

 
566

 

 
741