Consolidating Guarantor Financial Information (Tables)

3 Months Ended

Mar. 31, 2014

Consolidating Guarantor Financial Information [Abstract]

Schedule of Consolidating Statement of Operations

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED INTERIM CONSOLIDATING STATEMENT OF OPERATIONS

	Three Months Ended March 31, 2014
	Parent Guarantor	Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net sales	—	—		707		1,300		(302	)	1,705
Cost of sales	—	—		(461	)	(1,151	)	285		(1,327	)
Gross profit	—	—		246		149		(17	)	378
Selling, general and administrative expenses	—	—		(9	)	(95	)	—		(104	)
Amortization of intangible assets	—	—		(2	)	(4	)	—		(6	)
Research and development expenses	—	—		(13	)	(9	)	—		(22	)
Other (charges) gains, net	—	—		—		(1	)	—		(1	)
Foreign exchange gain (loss), net	—	—		—		(1	)	—		(1	)
Gain (loss) on disposition of businesses and assets, net	—	—		(3	)	2		—		(1	)
Operating profit (loss)	—	—		219		41		(17	)	243
Equity in net earnings (loss) of affiliates	195	228		30		36		(449	)	40
Interest expense	—	(46	)	(6	)	(19	)	32		(39	)
Refinancing expense	—	—		—		—		—		—
Interest income	—	14		17		1		(32	)	—
Dividend income - cost investments	—	—		—		29		—		29
Other income (expense), net	—	—		3		(3	)	—		—
Earnings (loss) from continuing operations before tax	195	196		263		85		(466	)	273
Income tax (provision) benefit	1	(1	)	(70	)	(11	)	3		(78	)
Earnings (loss) from continuing operations	196	195		193		74		(463	)	195
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)	196	195		193		74		(463	)	195
Net (earnings) loss attributable to noncontrolling interests	—	—		—		1		—		1
Net earnings (loss) attributable to Celanese Corporation	196	195		193		75		(463	)	196

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED INTERIM CONSOLIDATING STATEMENT OF OPERATIONS

	Three Months Ended March 31, 2013
	Parent Guarantor	Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(in $ millions)
Net sales	—	—		680		1,207		(282	)	1,605
Cost of sales	—	—		(475	)	(1,094	)	297		(1,272	)
Gross profit	—	—		205		113		15		333
Selling, general and administrative expenses	—	—		(21	)	(85	)	—		(106	)
Amortization of intangible assets	—	—		(4	)	(7	)	—		(11	)
Research and development expenses	—	—		(16	)	(10	)	—		(26	)
Other (charges) gains, net	—	—		4		(4	)	(4	)	(4	)
Foreign exchange gain (loss), net	—	—		—		(1	)	—		(1	)
Gain (loss) on disposition of businesses and assets, net	—	—		(1	)	—		—		(1	)
Operating profit (loss)	—	—		167		6		11		184
Equity in net earnings (loss) of affiliates	141	167		37		49		(340	)	54
Interest expense	—	(47	)	(10	)	(16	)	30		(43	)
Refinancing expense	—	—		—		—		—		—
Interest income	—	14		15		1		(30	)	—
Dividend income - cost investments	—	—		—		24		—		24
Other income (expense), net	—	—		—		(1	)	—		(1	)
Earnings (loss) from continuing operations before tax	141	134		209		63		(329	)	218
Income tax (provision) benefit	1	7		(44	)	(37	)	(4	)	(77	)
Earnings (loss) from continuing operations	142	141		165		26		(333	)	141
Earnings (loss) from operation of discontinued operations	—	—		2		—		—		2
Gain (loss) on disposition of discontinued operations	—	—		—		—		—		—
Income tax (provision) benefit from discontinued operations	—	—		(1	)	—		—		(1	)
Earnings (loss) from discontinued operations	—	—		1		—		—		1
Net earnings (loss)	142	141		166		26		(333	)	142
Net (earnings) loss attributable to noncontrolling interests	—	—		—		—		—		—
Net earnings (loss) attributable to Celanese Corporation	142	141		166		26		(333	)	142

Schedule of Consolidating Statements of Comprehensive Income (Loss)

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED INTERIM CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

	Three Months Ended March 31, 2014
	Parent Guarantor		Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net earnings (loss)	196		195		193		74		(463	)	195
Other comprehensive income (loss), net of tax
Unrealized gain (loss) on marketable securities	—		—		—		—		—		—
Foreign currency translation	5		5		16		(16	)	(5	)	5
Gain (loss) on interest rate swaps	(3	)	(3	)	—		—		3		(3	)
Pension and postretirement benefits	(12	)	(12	)	(12	)	—		24		(12	)
Total other comprehensive income (loss), net of tax	(10	)	(10	)	4		(16	)	22		(10	)
Total comprehensive income (loss), net of tax	186		185		197		58		(441	)	185
Comprehensive (income) loss attributable to noncontrolling interests	—		—		—		1		—		1
Comprehensive income (loss) attributable to Celanese Corporation	186		185		197		59		(441	)	186

	Three Months Ended March 31, 2013
	Parent Guarantor		Issuer		Subsidiary Guarantors	Non- Guarantors	Eliminations		Consolidated
	(In $ millions)
Net earnings (loss)	142		141		166	26	(333	)	142
Other comprehensive income (loss), net of tax
Unrealized gain (loss) on marketable securities	—		—		—	—	—		—
Foreign currency translation	(31	)	(31	)	5	5	21		(31	)
Gain (loss) on interest rate swaps	1		1		—	—	(1	)	1
Pension and postretirement benefits	—		—		—	—	—		—
Total other comprehensive income (loss), net of tax	(30	)	(30	)	5	5	20		(30	)
Total comprehensive income (loss), net of tax	112		111		171	31	(313	)	112
Comprehensive (income) loss attributable to noncontrolling interests	—		—		—	—	—		—
Comprehensive income (loss) attributable to Celanese Corporation	112		111		171	31	(313	)	112

Schedule of Consolidating Balance Sheet

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED CONSOLIDATING BALANCE SHEET

	As of March 31, 2014
	Parent Guarantor	Issuer	Subsidiary Guarantors	Non- Guarantors	Eliminations		Consolidated
	(In $ millions)
ASSETS
Current Assets
Cash and cash equivalents	—	—	248	750	—		998
Trade receivables - third party and affiliates	—	—	163	1,010	(187	)	986
Non-trade receivables, net	33	456	2,120	524	(2,877	)	256
Inventories, net	—	—	269	624	(77	)	816
Deferred income taxes	—	—	74	58	(17	)	115
Marketable securities, at fair value	—	—	43	—	—		43
Other assets	—	4	12	28	(12	)	32
Total current assets	33	460	2,929	2,994	(3,170	)	3,246
Investments in affiliates	2,779	4,603	1,827	565	(8,946	)	828
Property, plant and equipment, net	—	—	940	2,579	—		3,519
Deferred income taxes	—	—	251	22	(12	)	261
Other assets	—	1,997	139	306	(2,110	)	332
Goodwill	—	—	305	493	—		798
Intangible assets, net	—	—	71	74	—		145
Total assets	2,812	7,060	6,462	7,033	(14,238	)	9,129
LIABILITIES AND EQUITY
Current Liabilities
Short-term borrowings and current installments of long-term debt - third party and affiliates	—	1,745	177	366	(2,131	)	157
Trade payables - third party and affiliates	—	—	328	649	(187	)	790
Other liabilities	—	37	295	437	(290	)	479
Deferred income taxes	—	17	—	10	(17	)	10
Income taxes payable	—	—	521	34	(481	)	74
Total current liabilities	—	1,799	1,321	1,496	(3,106	)	1,510
Noncurrent Liabilities
Long-term debt	—	2,466	827	1,674	(2,086	)	2,881
Deferred income taxes	—	8	—	224	(12	)	220
Uncertain tax positions	—	6	7	145	—		158
Benefit obligations	—	—	919	228	—		1,147
Other liabilities	—	2	117	206	(32	)	293
Total noncurrent liabilities	—	2,482	1,870	2,477	(2,130	)	4,699
Total Celanese Corporation stockholders’ equity	2,812	2,779	3,271	2,952	(9,002	)	2,812
Noncontrolling interests	—	—	—	108	—		108
Total equity	2,812	2,779	3,271	3,060	(9,002	)	2,920
Total liabilities and equity	2,812	7,060	6,462	7,033	(14,238	)	9,129

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED CONSOLIDATING BALANCE SHEET

	As of December 31, 2013
	Parent Guarantor	Issuer	Subsidiary Guarantors	Non- Guarantors	Eliminations		Consolidated
	(In $ millions)
ASSETS
Current Assets
Cash and cash equivalents	—	—	284	700	—		984
Trade receivables - third party and affiliates	—	—	131	877	(141	)	867
Non-trade receivables, net	33	482	2,166	586	(2,924	)	343
Inventories, net	—	—	243	622	(61	)	804
Deferred income taxes	—	—	74	58	(17	)	115
Marketable securities, at fair value	—	—	41	—	—		41
Other assets	—	5	15	24	(16	)	28
Total current assets	33	487	2,954	2,867	(3,159	)	3,182
Investments in affiliates	2,667	4,458	1,677	594	(8,555	)	841
Property, plant and equipment, net	—	—	969	2,456	—		3,425
Deferred income taxes	—	—	248	49	(8	)	289
Other assets	—	1,965	144	285	(2,053	)	341
Goodwill	—	—	305	493	—		798
Intangible assets, net	—	—	64	78	—		142
Total assets	2,700	6,910	6,361	6,822	(13,775	)	9,018
LIABILITIES AND EQUITY
Current Liabilities
Short-term borrowings and current installments of long-term debt - third party and affiliates	—	1,713	122	373	(2,031	)	177
Trade payables - third party and affiliates	—	—	312	628	(141	)	799
Other liabilities	1	28	441	513	(442	)	541
Deferred income taxes	—	17	—	10	(17	)	10
Income taxes payable	—	—	460	32	(474	)	18
Total current liabilities	1	1,758	1,335	1,556	(3,105	)	1,545
Noncurrent Liabilities
Long-term debt	—	2,468	825	1,646	(2,052	)	2,887
Deferred income taxes	—	8	—	225	(8	)	225
Uncertain tax positions	—	6	16	178	—		200
Benefit obligations	—	—	943	232	—		1,175
Other liabilities	—	3	91	202	(9	)	287
Total noncurrent liabilities	—	2,485	1,875	2,483	(2,069	)	4,774
Total Celanese Corporation stockholders’ equity	2,699	2,667	3,151	2,783	(8,601	)	2,699
Noncontrolling interests	—	—	—	—	—		—
Total equity	2,699	2,667	3,151	2,783	(8,601	)	2,699
Total liabilities and equity	2,700	6,910	6,361	6,822	(13,775	)	9,018

Schedule of Consolidating Statement of Cash Flows

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED INTERIM CONSOLIDATING STATEMENT OF CASH FLOWS

	Three Months Ended March 31, 2014
	Parent Guarantor		Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net cash provided by (used in) operating activities	81		60		166		19		(162	)	164
Investing Activities
Capital expenditures on property, plant and equipment	—		—		(64	)	(14	)	—		(78	)
Acquisitions, net of cash acquired	—		—		—		—		—		—
Proceeds from sale of businesses and assets, net	—		—		—		—		—		—
Deferred proceeds from Kelsterbach plant relocation	—		—		—		—		—		—
Capital expenditures related to Kelsterbach plant relocation	—		—		—		—		—		—
Capital expenditures related to Fairway Methanol LLC	—		—		(26	)	(44	)	—		(70	)
Return of capital from subsidiary	—		—		51		—		(51	)	—
Contributions to subsidiary	—		—		(57	)	—		57		—
Intercompany loan receipts (disbursements)	—		1		(23	)	—		22		—
Other, net	—		—		(1	)	(2	)	—		(3	)
Net cash provided by (used in) investing activities	—		1		(120	)	(60	)	28		(151	)
Financing Activities
Short-term borrowings (repayments), net	—		23		—		(3	)	(23	)	(3	)
Proceeds from short-term borrowings	—		—		—		25		—		25
Repayments of short-term borrowings	—		—		—		(40	)	—		(40	)
Proceeds from long-term debt	—		—		—		—		—		—
Repayments of long-term debt	—		(3	)	(1	)	(3	)	1		(6	)
Refinancing costs	—		—		—		—		—		—
Purchases of treasury stock, including related fees	(53	)	—		—		—		—		(53	)
Dividends to parent	—		(81	)	(81	)	—		162		—
Contributions from parent	—		—		—		57		(57	)	—
Stock option exercises	—		—		—		—		—		—
Series A common stock dividends	(28	)	—		—		—		—		(28	)
Return of capital to parent	—		—		—		(51	)	51		—
Contribution from noncontrolling interest	—		—		—		109		—		109
Other, net	—		—		—		—		—		—
Net cash provided by (used in) financing activities	(81	)	(61	)	(82	)	94		134		4
Exchange rate effects on cash and cash equivalents	—		—		—		(3	)	—		(3	)
Net increase (decrease) in cash and cash equivalents	—		—		(36	)	50		—		14
Cash and cash equivalents as of beginning of period	—		—		284		700		—		984
Cash and cash equivalents as of end of period	—		—		248		750		—		998

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED INTERIM CONSOLIDATING STATEMENT OF CASH FLOWS

	Three Months Ended March 31, 2013
	Parent Guarantor		Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net cash provided by (used in) operating activities	1		(18	)	90		76		(2	)	147
Investing Activities
Capital expenditures on property, plant and equipment	—		—		(33	)	(33	)	—		(66	)
Acquisitions, net of cash acquired	—		—		—		—		—		—
Proceeds from sale of businesses and assets, net	—		—		—		—		—		—
Deferred proceeds from Kelsterbach plant relocation	—		—		—		—		—		—
Capital expenditures related to Kelsterbach plant relocation	—		—		—		(3	)	—		(3	)
Capital expenditures related to Fairway Methanol LLC	—		—		(8	)	—		—		(8	)
Return of capital from subsidiary	—		—		—		—		—		—
Contributions to subsidiary	—		—		—		—		—		—
Intercompany loan receipts (disbursements)	—		1		(20	)	—		19		—
Other, net	—		—		(4	)	(6	)	—		(10	)
Net cash provided by (used in) investing activities	—		1		(65	)	(42	)	19		(87	)
Financing Activities
Short-term borrowings (repayments), net	—		20		(9	)	(10	)	(20	)	(19	)
Proceeds from short-term borrowings	—		—		—		24		—		24
Repayments of short-term borrowings	—		—		—		(24	)	—		(24	)
Proceeds from long-term debt	—		—		50		—		—		50
Repayments of long-term debt	—		(2	)	(15	)	(39	)	1		(55	)
Refinancing costs	—		—		—		—		—		—
Purchases of treasury stock, including related fees	—		—		—		—		—		—
Dividends to parent	—		(1	)	(1	)	—		2		—
Contributions from parent	—		—		—		—		—		—
Stock option exercises	1		—		—		—		—		1
Series A common stock dividends	(12	)	—		—		—		—		(12	)
Return of capital to parent	—		—		—		—		—		—
Contribution from noncontrolling interest	—		—		—		—		—		—
Other, net	—		—		—		—		—		—
Net cash provided by (used in) financing activities	(11	)	17		25		(49	)	(17	)	(35	)
Exchange rate effects on cash and cash equivalents	—		—		—		(6	)	—		(6	)
Net increase (decrease) in cash and cash equivalents	(10	)	—		50		(21	)	—		19
Cash and cash equivalents as of beginning of period	10		—		275		674		—		959
Cash and cash equivalents as of end of period	—		—		325		653		—		978