Consolidating Guarantor Financial Information (Tables)

9 Months Ended

Sep. 30, 2013

Consolidating Guarantor Financial Information [Abstract]

Schedule of Consolidating Statement of Operations

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED INTERIM CONSOLIDATING STATEMENT OF OPERATIONS

	Three Months Ended September 30, 2013
	Parent Guarantor	Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net sales	—	—		709		1,250		(323	)	1,636
Cost of sales	—	—		(477	)	(1,136	)	323		(1,290	)
Gross profit	—	—		232		114		—		346
Selling, general and administrative expenses	—	—		(18	)	(79	)	—		(97	)
Amortization of intangible assets	—	—		(2	)	(4	)	—		(6	)
Research and development expenses	—	—		(17	)	(7	)	—		(24	)
Other (charges) gains, net	—	—		(1	)	(3	)	—		(4	)
Foreign exchange gain (loss), net	—	—		—		(2	)	—		(2	)
Gain (loss) on disposition of businesses and assets, net	—	—		—		(2	)	—		(2	)
Operating profit (loss)	—	—		194		17		—		211
Equity in net earnings (loss) of affiliates	172	200		35		30		(396	)	41
Interest expense	—	(48	)	(8	)	(19	)	32		(43	)
Refinancing expense	—	(1	)	—		—		—		(1	)
Interest income	—	14		17		1		(32	)	—
Dividend income - cost investments	—	—		—		22		—		22
Other income (expense), net	—	—		—		(2	)	—		(2	)
Earnings (loss) from continuing operations before tax	172	165		238		49		(396	)	228
Income tax (provision) benefit	—	7		(63	)	(1	)	—		(57	)
Earnings (loss) from continuing operations	172	172		175		48		(396	)	171
Earnings (loss) from operation of discontinued operations	—	—		1		—		—		1
Gain (loss) on disposition of discontinued operations	—	—		—		—		—		—
Income tax (provision) benefit from discontinued operations	—	—		—		—		—		—
Earnings (loss) from discontinued operations	—	—		1		—		—		1
Net earnings (loss)	172	172		176		48		(396	)	172
Net (earnings) loss attributable to noncontrolling interests	—	—		—		—		—		—
Net earnings (loss) attributable to Celanese Corporation	172	172		176		48		(396	)	172

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED INTERIM CONSOLIDATING STATEMENT OF OPERATIONS

	Three Months Ended September 30, 2012
	Parent Guarantor	Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	As Adjusted (Note 1)
	(In $ millions)
Net sales	—	—		670		1,196		(257	)	1,609
Cost of sales	—	—		(467	)	(1,079	)	265		(1,281	)
Gross profit	—	—		203		117		8		328
Selling, general and administrative expenses	—	—		(34	)	(79	)	—		(113	)
Amortization of intangible assets	—	—		(4	)	(8	)	—		(12	)
Research and development expenses	—	—		(16	)	(7	)	—		(23	)
Other (charges) gains, net	—	—		6		(4	)	—		2
Foreign exchange gain (loss), net	—	—		—		(4	)	—		(4	)
Gain (loss) on disposition of businesses and assets, net	—	—		(1	)	(1	)	—		(2	)
Operating profit (loss)	—	—		154		14		8		176
Equity in net earnings (loss) of affiliates	126	151		44		37		(308	)	50
Interest expense	—	(48	)	(10	)	(18	)	32		(44	)
Refinancing expense	—	—		—		—		—		—
Interest income	—	14		16		2		(32	)	—
Dividend income - cost investments	—	—		—		1		—		1
Other income (expense), net	—	(1	)	—		4		—		3
Earnings (loss) from continuing operations before tax	126	116		204		40		(300	)	186
Income tax (provision) benefit	1	10		(58	)	(8	)	(2	)	(57	)
Earnings (loss) from continuing operations	127	126		146		32		(302	)	129
Earnings (loss) from operation of discontinued operations	—	—		(2	)	(1	)	—		(3	)
Gain (loss) on disposition of discontinued operations	—	—		—		—		—		—
Income tax (provision) benefit from discontinued operations	—	—		1		—		—		1
Earnings (loss) from discontinued operations	—	—		(1	)	(1	)	—		(2	)
Net earnings (loss)	127	126		145		31		(302	)	127
Net (earnings) loss attributable to noncontrolling interests	—	—		—		—		—		—
Net earnings (loss) attributable to Celanese Corporation	127	126		145		31		(302	)	127

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED INTERIM CONSOLIDATING STATEMENT OF OPERATIONS

	Nine Months Ended September 30, 2013
	Parent Guarantor	Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net sales	—	—		2,121		3,699		(926	)	4,894
Cost of sales	—	—		(1,455	)	(3,369	)	928		(3,896	)
Gross profit	—	—		666		330		2		998
Selling, general and administrative expenses	—	—		(65	)	(251	)	—		(316	)
Amortization of intangible assets	—	—		(9	)	(17	)	—		(26	)
Research and development expenses	—	—		(48	)	(25	)	—		(73	)
Other (charges) gains, net	—	—		3		(10	)	(4	)	(11	)
Foreign exchange gain (loss), net	—	—		—		(5	)	—		(5	)
Gain (loss) on disposition of businesses and assets, net	—	—		—		(3	)	—		(3	)
Operating profit (loss)	—	—		547		19		(2	)	564
Equity in net earnings (loss) of affiliates	443	528		117		124		(1,062	)	150
Interest expense	—	(144	)	(27	)	(51	)	92		(130	)
Refinancing expense	—	(1	)	—		—		—		(1	)
Interest income	—	41		48		4		(92	)	1
Dividend income - cost investments	—	—		—		69		—		69
Other income (expense), net	—	—		—		1		—		1
Earnings (loss) from continuing operations before tax	443	424		685		166		(1,064	)	654
Income tax (provision) benefit	4	19		(176	)	(56	)	—		(209	)
Earnings (loss) from continuing operations	447	443		509		110		(1,064	)	445
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)	447	443		511		110		(1,064	)	447
Net (earnings) loss attributable to noncontrolling interests	—	—		—		—		—		—
Net earnings (loss) attributable to Celanese Corporation	447	443		511		110		(1,064	)	447

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED INTERIM CONSOLIDATING STATEMENT OF OPERATIONS

	Nine Months Ended September 30, 2012
	Parent Guarantor	Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	As Adjusted (Note 1)
	(In $ millions)
Net sales	—	—		2,044		3,684		(811	)	4,917
Cost of sales	—	—		(1,462	)	(3,339	)	821		(3,980	)
Gross profit	—	—		582		345		10		937
Selling, general and administrative expenses	—	—		(112	)	(242	)	—		(354	)
Amortization of intangible assets	—	—		(13	)	(25	)	—		(38	)
Research and development expenses	—	—		(48	)	(25	)	—		(73	)
Other (charges) gains, net	—	—		13		(8	)	(6	)	(1	)
Foreign exchange gain (loss), net	—	—		—		(4	)	—		(4	)
Gain (loss) on disposition of businesses and assets, net	—	—		(1	)	(1	)	—		(2	)
Operating profit (loss)	—	—		421		40		4		465
Equity in net earnings (loss) of affiliates	539	608		134		128		(1,246	)	163
Interest expense	—	(144	)	(31	)	(55	)	96		(134	)
Refinancing expense	—	—		—		—		—		—
Interest income	—	44		48		5		(96	)	1
Dividend income - cost investments	—	—		—		85		—		85
Other income (expense), net	—	—		—		4		—		4
Earnings (loss) from continuing operations before tax	539	508		572		207		(1,242	)	584
Income tax (provision) benefit	2	31		(42	)	(31	)	(1	)	(41	)
Earnings (loss) from continuing operations	541	539		530		176		(1,243	)	543
Earnings (loss) from operation of discontinued operations	—	—		(2	)	(1	)	—		(3	)
Gain (loss) on disposition of discontinued operations	—	—		—		—		—		—
Income tax (provision) benefit from discontinued operations	—	—		1		—		—		1
Earnings (loss) from discontinued operations	—	—		(1	)	(1	)	—		(2	)
Net earnings (loss)	541	539		529		175		(1,243	)	541
Net (earnings) loss attributable to noncontrolling interests	—	—		—		—		—		—
Net earnings (loss) attributable to Celanese Corporation	541	539		529		175		(1,243	)	541

Schedule of Consolidating Statements of Comprehensive Income (Loss)

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED INTERIM CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

	Three Months Ended September 30, 2013
	Parent Guarantor	Issuer	Subsidiary Guarantors	Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net earnings (loss)	172	172	176	48		(396	)	172
Other comprehensive income (loss), net of tax
Unrealized gain (loss) on marketable securities	1	1	1	—		(2	)	1
Foreign currency translation	42	42	1	(4	)	(39	)	42
Gain (loss) on interest rate swaps	1	1	1	—		(2	)	1
Pension and postretirement benefits	—	—	—	—		—		—
Total other comprehensive income (loss), net of tax	44	44	3	(4	)	(43	)	44
Total comprehensive income (loss), net of tax	216	216	179	44		(439	)	216
Comprehensive (income) loss attributable to noncontrolling interests	—	—	—	—		—		—
Comprehensive income (loss) attributable to Celanese Corporation	216	216	179	44		(439	)	216

	Three Months Ended September 30, 2012
	Parent Guarantor		Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	As Adjusted (Note 1)
	(In $ millions)
Net earnings (loss)	127		126		145		31		(302	)	127
Other comprehensive income (loss), net of tax
Unrealized gain (loss) on marketable securities	—		—		—		—		—		—
Foreign currency translation	28		28		(5	)	(1	)	(22	)	28
Gain (loss) on interest rate swaps	(2	)	(2	)	—		—		2		(2	)
Pension and postretirement benefits	—		—		—		—		—		—
Total other comprehensive income (loss), net of tax	26		26		(5	)	(1	)	(20	)	26
Total comprehensive income (loss), net of tax	153		152		140		30		(322	)	153
Comprehensive (income) loss attributable to noncontrolling interests	—		—		—		—		—		—
Comprehensive income (loss) attributable to Celanese Corporation	153		152		140		30		(322	)	153

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED INTERIM CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

	Nine Months Ended September 30, 2013
	Parent Guarantor	Issuer	Subsidiary Guarantors	Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net earnings (loss)	447	443	511	110		(1,064	)	447
Other comprehensive income (loss), net of tax
Unrealized gain (loss) on marketable securities	1	1	1	—		(2	)	1
Foreign currency translation	37	37	4	(2	)	(39	)	37
Gain (loss) on interest rate swaps	4	4	—	—		(4	)	4
Pension and postretirement benefits	—	—	—	—		—		—
Total other comprehensive income (loss), net of tax	42	42	5	(2	)	(45	)	42
Total comprehensive income (loss), net of tax	489	485	516	108		(1,109	)	489
Comprehensive (income) loss attributable to noncontrolling interests	—	—	—	—		—		—
Comprehensive income (loss) attributable to Celanese Corporation	489	485	516	108		(1,109	)	489

	Nine Months Ended September 30, 2012
	Parent Guarantor		Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	As Adjusted (Note 1)
	(In $ millions)
Net earnings (loss)	541		539		529		175		(1,243	)	541
Other comprehensive income (loss), net of tax
Unrealized gain (loss) on marketable securities	—		—		—		—		—		—
Foreign currency translation	4		4		1		4		(9	)	4
Gain (loss) on interest rate swaps	(1	)	(1	)	—		—		1		(1	)
Pension and postretirement benefits	(6	)	(6	)	(6	)	(3	)	15		(6	)
Total other comprehensive income (loss), net of tax	(3	)	(3	)	(5	)	1		7		(3	)
Total comprehensive income (loss), net of tax	538		536		524		176		(1,236	)	538
Comprehensive (income) loss attributable to noncontrolling interests	—		—		—		—		—		—
Comprehensive income (loss) attributable to Celanese Corporation	538		536		524		176		(1,236	)	538

Schedule of Consolidating Balance Sheet

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED CONSOLIDATING BALANCE SHEET

	As of September 30, 2013
	Parent Guarantor	Issuer	Subsidiary Guarantors	Non- Guarantors	Eliminations		Consolidated
	(In $ millions)
ASSETS
Current Assets
Cash and cash equivalents	—	—	398	702	—		1,100
Trade receivables - third party and affiliates	—	—	158	962	(171	)	949
Non-trade receivables, net	32	455	2,032	550	(2,776	)	293
Inventories, net	—	—	217	608	(72	)	753
Deferred income taxes	—	—	64	7	(21	)	50
Marketable securities, at fair value	—	—	44	—	—		44
Other assets	—	7	19	35	(22	)	39
Total current assets	32	462	2,932	2,864	(3,062	)	3,228
Investments in affiliates	2,052	3,846	1,728	588	(7,357	)	857
Property, plant and equipment, net	—	—	890	2,501	—		3,391
Deferred income taxes	—	3	508	93	—		604
Other assets	—	1,938	132	452	(2,024	)	498
Goodwill	—	—	305	482	—		787
Intangible assets, net	—	—	66	81	—		147
Total assets	2,084	6,249	6,561	7,061	(12,443	)	9,512
LIABILITIES AND EQUITY
Current Liabilities
Short-term borrowings and current installments of long-term debt - third party and affiliates	—	1,636	125	402	(1,939	)	224
Trade payables - third party and affiliates	—	—	297	613	(171	)	739
Other liabilities	—	65	377	417	(402	)	457
Deferred income taxes	—	21	—	25	(21	)	25
Income taxes payable	—	—	541	87	(476	)	152
Total current liabilities	—	1,722	1,340	1,544	(3,009	)	1,597
Noncurrent Liabilities
Long-term debt	—	2,466	812	1,614	(2,022	)	2,870
Deferred income taxes	—	—	13	48	—		61
Uncertain tax positions	—	6	26	171	—		203
Benefit obligations	—	—	1,311	235	—		1,546
Other liabilities	—	3	93	1,065	(10	)	1,151
Total noncurrent liabilities	—	2,475	2,255	3,133	(2,032	)	5,831
Total Celanese Corporation stockholders’ equity	2,084	2,052	2,966	2,384	(7,402	)	2,084
Noncontrolling interests	—	—	—	—	—		—
Total equity	2,084	2,052	2,966	2,384	(7,402	)	2,084
Total liabilities and equity	2,084	6,249	6,561	7,061	(12,443	)	9,512

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED CONSOLIDATING BALANCE SHEET

	As of December 31, 2012
	Parent Guarantor	Issuer	Subsidiary Guarantors	Non- Guarantors	Eliminations		Consolidated
	(In $ millions)
ASSETS
Current Assets
Cash and cash equivalents	10	—	275	674	—		959
Trade receivables - third party and affiliates	—	—	340	653	(166	)	827
Non-trade receivables, net	31	444	1,754	484	(2,504	)	209
Inventories, net	—	—	196	589	(74	)	711
Deferred income taxes	—	—	62	8	(21	)	49
Marketable securities, at fair value	—	—	52	1	—		53
Other assets	—	5	15	27	(16	)	31
Total current assets	41	449	2,694	2,436	(2,781	)	2,839
Investments in affiliates	1,692	3,437	1,579	570	(6,478	)	800
Property, plant and equipment, net	—	—	813	2,537	—		3,350
Deferred income taxes	—	5	509	92	—		606
Other assets	—	1,927	132	414	(2,010	)	463
Goodwill	—	—	305	472	—		777
Intangible assets, net	—	—	69	96	—		165
Total assets	1,733	5,818	6,101	6,617	(11,269	)	9,000
LIABILITIES AND EQUITY
Current Liabilities
Short-term borrowings and current installments of long-term debt - third party and affiliates	—	1,584	208	159	(1,783	)	168
Trade payables - third party and affiliates	—	—	269	546	(166	)	649
Other liabilities	—	40	267	475	(307	)	475
Deferred income taxes	—	21	—	25	(21	)	25
Income taxes payable	—	—	419	73	(454	)	38
Total current liabilities	—	1,645	1,163	1,278	(2,731	)	1,355
Noncurrent Liabilities
Long-term debt	—	2,467	872	1,597	(2,006	)	2,930
Deferred income taxes	—	—	—	50	—		50
Uncertain tax positions	3	6	23	149	—		181
Benefit obligations	—	—	1,362	240	—		1,602
Other liabilities	—	8	101	1,055	(12	)	1,152
Total noncurrent liabilities	3	2,481	2,358	3,091	(2,018	)	5,915
Total Celanese Corporation stockholders’ equity	1,730	1,692	2,580	2,248	(6,520	)	1,730
Noncontrolling interests	—	—	—	—	—		—
Total equity	1,730	1,692	2,580	2,248	(6,520	)	1,730
Total liabilities and equity	1,733	5,818	6,101	6,617	(11,269	)	9,000

Schedule of Consolidating Statement of Cash Flows

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED INTERIM CONSOLIDATING STATEMENT OF CASH FLOWS

	Nine Months Ended September 30, 2013
	Parent Guarantor		Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net cash provided by (used in) operating activities	144		58		650		44		(288	)	608
Investing Activities
Capital expenditures on property, plant and equipment	—		—		(172	)	(87	)	—		(259	)
Acquisitions, net of cash acquired	—		—		—		—		—		—
Proceeds from sale of businesses and assets, net	—		—		—		13		—		13
Deferred proceeds from Kelsterbach plant relocation	—		—		—		—		—		—
Capital expenditures related to Kelsterbach plant relocation	—		—		—		(6	)	—		(6	)
Return of capital from subsidiary	—		—		—		—		—		—
Contributions to subsidiary	—		—		(20	)	—		20		—
Intercompany loan receipts (disbursements)	—		4		(92	)	—		88		—
Other, net	—		—		(26	)	(12	)	—		(38	)
Net cash provided by (used in) investing activities	—		4		(310	)	(92	)	108		(290	)
Financing Activities
Short-term borrowings (repayments), net	—		92		(4	)	(8	)	(92	)	(12	)
Proceeds from short-term borrowings	—		—		—		154		—		154
Repayments of short-term borrowings	—		—		—		(51	)	—		(51	)
Proceeds from long-term debt	—		24		50		—		—		74
Repayments of long-term debt	—		(32	)	(119	)	(45	)	4		(192	)
Refinancing costs	—		(2	)	—		—		—		(2	)
Purchases of treasury stock, including related fees	(102	)	—		—		—		—		(102	)
Dividends to parent	—		(144	)	(144	)	—		288		—
Contributions from parent	—		—		—		20		(20	)	—
Stock option exercises	3		—		—		—		—		3
Series A common stock dividends	(55	)	—		—		—		—		(55	)
Return of capital to parent	—		—		—		—		—		—
Other, net	—		—		—		—		—		—
Net cash provided by (used in) financing activities	(154	)	(62	)	(217	)	70		180		(183	)
Exchange rate effects on cash and cash equivalents	—		—		—		6		—		6
Net increase (decrease) in cash and cash equivalents	(10	)	—		123		28		—		141
Cash and cash equivalents as of beginning of period	10		—		275		674		—		959
Cash and cash equivalents as of end of period	—		—		398		702		—		1,100

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED INTERIM CONSOLIDATING STATEMENT OF CASH FLOWS

	Nine Months Ended September 30, 2012
	Parent Guarantor		Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net cash provided by (used in) operating activities	7		(54	)	396		382		(70	)	661
Investing Activities
Capital expenditures on property, plant and equipment	—		—		(132	)	(138	)	—		(270	)
Acquisitions, net of cash acquired	—		—		(23	)	—		—		(23	)
Proceeds from sale of businesses and assets, net	—		—		1		—		—		1
Deferred proceeds from Kelsterbach plant relocation	—		—		—		—		—		—
Capital expenditures related to Kelsterbach plant relocation	—		—		—		(43	)	—		(43	)
Return of capital from subsidiary	—		—		—		—		—		—
Contributions to subsidiary	—		—		(3	)	—		3		—
Intercompany loan receipts (disbursements)	—		4		(96	)	—		92		—
Other, net	—		—		(9	)	(53	)	—		(62	)
Net cash provided by (used in) investing activities	—		4		(262	)	(234	)	95		(397	)
Financing Activities
Short-term borrowings (repayments), net	—		96		(2	)	(9	)	(92	)	(7	)
Proceeds from short-term borrowings	—		—		—		50		—		50
Repayments of short-term borrowings	—		—		—		(50	)	—		(50	)
Proceeds from long-term debt	—		—		—		—		—		—
Repayments of long-term debt	—		(11	)	(5	)	(16	)	—		(32	)
Refinancing costs	—		—		—		—		—		—
Purchases of treasury stock, including related fees	(37	)	—		—		—		—		(37	)
Dividends to parent	—		(35	)	(35	)	—		70		—
Contributions from parent	—		—		—		3		(3	)	—
Stock option exercises	58		—		—		—		—		58
Series A common stock dividends	(31	)	—		—		—		—		(31	)
Return of capital to parent	—		—		—		—		—		—
Other, net	29		—		—		(1	)	—		28
Net cash provided by (used in) financing activities	19		50		(42	)	(23	)	(25	)	(21	)
Exchange rate effects on cash and cash equivalents	—		—		—		3		—		3
Net increase (decrease) in cash and cash equivalents	26		—		92		128		—		246
Cash and cash equivalents as of beginning of period	—		—		133		549		—		682
Cash and cash equivalents as of end of period	26		—		225		677		—		928