Consolidating Guarantor Financial Information (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2014
	Parent Guarantor	Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net sales	—	—		679		1,357		(267	)	1,769
Cost of sales	—	—		(501	)	(1,149	)	289		(1,361	)
Gross profit	—	—		178		208		22		408
Selling, general and administrative expenses	—	—		(18	)	(101	)	—		(119	)
Amortization of intangible assets	—	—		(2	)	(3	)	—		(5	)
Research and development expenses	—	—		(13	)	(11	)	—		(24	)
Other (charges) gains, net	—	—		—		2		—		2
Foreign exchange gain (loss), net	—	—		—		(1	)	—		(1	)
Gain (loss) on disposition of businesses and assets, net	—	—		(2	)	—		—		(2	)
Operating profit (loss)	—	—		143		94		22		259
Equity in net earnings (loss) of affiliates	259	282		48		89		(577	)	101
Interest expense	—	(49	)	(6	)	(21	)	36		(40	)
Refinancing expense	—	—		—		—		—		—
Interest income	—	17		18		3		(36	)	2
Dividend income - cost investments	—	—		—		29		—		29
Other income (expense), net	—	—		1		—		—		1
Earnings (loss) from continuing operations before tax	259	250		204		194		(555	)	352
Income tax (provision) benefit	—	9		(52	)	(46	)	(5	)	(94	)
Earnings (loss) from continuing operations	259	259		152		148		(560	)	258
Earnings (loss) from operation of discontinued operations	—	—		(1	)	—		—		(1	)
Gain (loss) on disposition of discontinued operations	—	—		—		—		—		—
Income tax (provision) benefit from discontinued operations	—	—		1		—		—		1
Earnings (loss) from discontinued operations	—	—		—		—		—		—
Net earnings (loss)	259	259		152		148		(560	)	258
Net (earnings) loss attributable to noncontrolling interests	—	—		—		1		—		1
Net earnings (loss) attributable to Celanese Corporation	259	259		152		149		(560	)	259

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED INTERIM CONSOLIDATING STATEMENT OF OPERATIONS

	Three Months Ended June 30, 2013
	Parent Guarantor	Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net sales	—	—		732		1,242		(321	)	1,653
Cost of sales	—	—		(503	)	(1,139	)	308		(1,334	)
Gross profit	—	—		229		103		(13	)	319
Selling, general and administrative expenses	—	—		(26	)	(87	)	—		(113	)
Amortization of intangible assets	—	—		(3	)	(6	)	—		(9	)
Research and development expenses	—	—		(15	)	(8	)	—		(23	)
Other (charges) gains, net	—	—		—		(3	)	—		(3	)
Foreign exchange gain (loss), net	—	—		—		(2	)	—		(2	)
Gain (loss) on disposition of businesses and assets, net	—	—		1		(1	)	—		—
Operating profit (loss)	—	—		186		(4	)	(13	)	169
Equity in net earnings (loss) of affiliates	130	161		45		45		(326	)	55
Interest expense	—	(49	)	(9	)	(16	)	30		(44	)
Refinancing expense	—	—		—		—		—		—
Interest income	—	13		16		2		(30	)	1
Dividend income - cost investments	—	—		—		23		—		23
Other income (expense), net	—	—		—		4		—		4
Earnings (loss) from continuing operations before tax	130	125		238		54		(339	)	208
Income tax (provision) benefit	3	5		(69	)	(18	)	4		(75	)
Earnings (loss) from continuing operations	133	130		169		36		(335	)	133
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)	133	130		169		36		(335	)	133
Net (earnings) loss attributable to noncontrolling interests	—	—		—		—		—		—
Net earnings (loss) attributable to Celanese Corporation	133	130		169		36		(335	)	133

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED INTERIM CONSOLIDATING STATEMENT OF OPERATIONS

	Six Months Ended June 30, 2014
	Parent Guarantor	Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net sales	—	—		1,386		2,657		(569	)	3,474
Cost of sales	—	—		(962	)	(2,300	)	574		(2,688	)
Gross profit	—	—		424		357		5		786
Selling, general and administrative expenses	—	—		(27	)	(196	)	—		(223	)
Amortization of intangible assets	—	—		(4	)	(7	)	—		(11	)
Research and development expenses	—	—		(26	)	(20	)	—		(46	)
Other (charges) gains, net	—	—		—		1		—		1
Foreign exchange gain (loss), net	—	—		—		(2	)	—		(2	)
Gain (loss) on disposition of businesses and assets, net	—	—		(5	)	2		—		(3	)
Operating profit (loss)	—	—		362		135		5		502
Equity in net earnings (loss) of affiliates	454	510		78		125		(1,026	)	141
Interest expense	—	(95	)	(12	)	(40	)	68		(79	)
Refinancing expense	—	—		—		—		—		—
Interest income	—	31		35		4		(68	)	2
Dividend income - cost investments	—	—		—		58		—		58
Other income (expense), net	—	—		4		(3	)	—		1
Earnings (loss) from continuing operations before tax	454	446		467		279		(1,021	)	625
Income tax (provision) benefit	1	8		(122	)	(57	)	(2	)	(172	)
Earnings (loss) from continuing operations	455	454		345		222		(1,023	)	453
Earnings (loss) from operation of discontinued operations	—	—		(1	)	—		—		(1	)
Gain (loss) on disposition of discontinued operations	—	—		—		—		—		—
Income tax (provision) benefit from discontinued operations	—	—		1		—		—		1
Earnings (loss) from discontinued operations	—	—		—		—		—		—
Net earnings (loss)	455	454		345		222		(1,023	)	453
Net (earnings) loss attributable to noncontrolling interests	—	—		—		2		—		2
Net earnings (loss) attributable to Celanese Corporation	455	454		345		224		(1,023	)	455

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED INTERIM CONSOLIDATING STATEMENT OF OPERATIONS

	Six Months Ended June 30, 2013
	Parent Guarantor	Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net sales	—	—		1,412		2,449		(603	)	3,258
Cost of sales	—	—		(978	)	(2,233	)	605		(2,606	)
Gross profit	—	—		434		216		2		652
Selling, general and administrative expenses	—	—		(47	)	(172	)	—		(219	)
Amortization of intangible assets	—	—		(7	)	(13	)	—		(20	)
Research and development expenses	—	—		(31	)	(18	)	—		(49	)
Other (charges) gains, net	—	—		4		(7	)	(4	)	(7	)
Foreign exchange gain (loss), net	—	—		—		(3	)	—		(3	)
Gain (loss) on disposition of businesses and assets, net	—	—		—		(1	)	—		(1	)
Operating profit (loss)	—	—		353		2		(2	)	353
Equity in net earnings (loss) of affiliates	271	328		82		94		(666	)	109
Interest expense	—	(96	)	(19	)	(32	)	60		(87	)
Refinancing expense	—	—		—		—		—		—
Interest income	—	27		31		3		(60	)	1
Dividend income - cost investments	—	—		—		47		—		47
Other income (expense), net	—	—		—		3		—		3
Earnings (loss) from continuing operations before tax	271	259		447		117		(668	)	426
Income tax (provision) benefit	4	12		(113	)	(55	)	—		(152	)
Earnings (loss) from continuing operations	275	271		334		62		(668	)	274
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)	275	271		335		62		(668	)	275
Net (earnings) loss attributable to noncontrolling interests	—	—		—		—		—		—
Net earnings (loss) attributable to Celanese Corporation	275	271		335		62		(668	)	275

Schedule of Consolidating Statements of Comprehensive Income (Loss)

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED INTERIM CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

	Three Months Ended June 30, 2014
	Parent Guarantor		Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net earnings (loss)	259		259		152		148		(560	)	258
Other comprehensive income (loss), net of tax
Unrealized gain (loss) on marketable securities	—		—		—		—		—		—
Foreign currency translation	(22	)	(22	)	(9	)	2		29		(22	)
Gain (loss) from cash flow hedges	(3	)	(3	)	—		(3	)	6		(3	)
Pension and postretirement benefits	(14	)	(14	)	(14	)	—		28		(14	)
Total other comprehensive income (loss), net of tax	(39	)	(39	)	(23	)	(1	)	63		(39	)
Total comprehensive income (loss), net of tax	220		220		129		147		(497	)	219
Comprehensive (income) loss attributable to noncontrolling interests	—		—		—		1		—		1
Comprehensive income (loss) attributable to Celanese Corporation	220		220		129		148		(497	)	220

	Three Months Ended June 30, 2013
	Parent Guarantor	Issuer	Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net earnings (loss)	133	130	169		36		(335	)	133
Other comprehensive income (loss), net of tax
Unrealized gain (loss) on marketable securities	—	—	—		—		—		—
Foreign currency translation	26	26	(2	)	(3	)	(21	)	26
Gain (loss) from cash flow hedges	2	2	(1	)	—		(1	)	2
Pension and postretirement benefits	—	—	—		—		—		—
Total other comprehensive income (loss), net of tax	28	28	(3	)	(3	)	(22	)	28
Total comprehensive income (loss), net of tax	161	158	166		33		(357	)	161
Comprehensive (income) loss attributable to noncontrolling interests	—	—	—		—		—		—
Comprehensive income (loss) attributable to Celanese Corporation	161	158	166		33		(357	)	161

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED INTERIM CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

	Six Months Ended June 30, 2014
	Parent Guarantor		Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net earnings (loss)	455		454		345		222		(1,023	)	453
Other comprehensive income (loss), net of tax
Unrealized gain (loss) on marketable securities	—		—		—		—		—		—
Foreign currency translation	(17	)	(17	)	7		(14	)	24		(17	)
Gain (loss) from cash flow hedges	(6	)	(6	)	—		(3	)	9		(6	)
Pension and postretirement benefits	(26	)	(26	)	(26	)	—		52		(26	)
Total other comprehensive income (loss), net of tax	(49	)	(49	)	(19	)	(17	)	85		(49	)
Total comprehensive income (loss), net of tax	406		405		326		205		(938	)	404
Comprehensive (income) loss attributable to noncontrolling interests	—		—		—		2		—		2
Comprehensive income (loss) attributable to Celanese Corporation	406		405		326		207		(938	)	406

	Six Months Ended June 30, 2013
	Parent Guarantor		Issuer		Subsidiary Guarantors		Non- Guarantors	Eliminations		Consolidated
	(In $ millions)
Net earnings (loss)	275		271		335		62	(668	)	275
Other comprehensive income (loss), net of tax
Unrealized gain (loss) on marketable securities	—		—		—		—	—		—
Foreign currency translation	(5	)	(5	)	3		2	—		(5	)
Gain (loss) from cash flow hedges	3		3		(1	)	—	(2	)	3
Pension and postretirement benefits	—		—		—		—	—		—
Total other comprehensive income (loss), net of tax	(2	)	(2	)	2		2	(2	)	(2	)
Total comprehensive income (loss), net of tax	273		269		337		64	(670	)	273
Comprehensive (income) loss attributable to noncontrolling interests	—		—		—		—	—		—
Comprehensive income (loss) attributable to Celanese Corporation	273		269		337		64	(670	)	273

Schedule of Consolidating Balance Sheet

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED CONSOLIDATING BALANCE SHEET

	As of June 30, 2014
	Parent Guarantor	Issuer	Subsidiary Guarantors	Non- Guarantors	Eliminations		Consolidated
	(In $ millions)
ASSETS
Current Assets
Cash and cash equivalents	2	—	208	854	—		1,064
Trade receivables - third party and affiliates	—	—	139	1,064	(158	)	1,045
Non-trade receivables, net	34	469	2,160	507	(2,939	)	231
Inventories, net	—	—	243	629	(56	)	816
Deferred income taxes	—	—	75	57	(17	)	115
Marketable securities, at fair value	—	—	39	—	—		39
Other assets	—	2	17	22	(12	)	29
Total current assets	36	471	2,881	3,133	(3,182	)	3,339
Investments in affiliates	2,920	4,781	1,910	609	(9,340	)	880
Property, plant and equipment, net	—	—	964	2,613	—		3,577
Deferred income taxes	—	—	248	25	(2	)	271
Other assets	—	1,989	141	303	(2,101	)	332
Goodwill	—	—	305	489	—		794
Intangible assets, net	—	—	69	71	—		140
Total assets	2,956	7,241	6,518	7,243	(14,625	)	9,333
LIABILITIES AND EQUITY
Current Liabilities
Short-term borrowings and current installments of long-term debt - third party and affiliates	—	1,790	188	343	(2,163	)	158
Trade payables - third party and affiliates	—	—	346	651	(158	)	839
Other liabilities	1	30	315	438	(312	)	472
Deferred income taxes	—	17	—	10	(17	)	10
Income taxes payable	—	—	492	55	(483	)	64
Total current liabilities	1	1,837	1,341	1,497	(3,133	)	1,543
Noncurrent Liabilities
Long-term debt	—	2,461	832	1,657	(2,070	)	2,880
Deferred income taxes	—	8	—	222	(2	)	228
Uncertain tax positions	—	6	7	145	—		158
Benefit obligations	—	—	900	225	—		1,125
Other liabilities	—	9	118	210	(39	)	298
Total noncurrent liabilities	—	2,484	1,857	2,459	(2,111	)	4,689
Total Celanese Corporation stockholders’ equity	2,955	2,920	3,320	3,141	(9,381	)	2,955
Noncontrolling interests	—	—	—	146	—		146
Total equity	2,955	2,920	3,320	3,287	(9,381	)	3,101
Total liabilities and equity	2,956	7,241	6,518	7,243	(14,625	)	9,333

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

	Six Months Ended June 30, 2014
	Parent Guarantor		Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net cash provided by (used in) operating activities	169		109		333		142		(336	)	417
Investing Activities
Capital expenditures on property, plant and equipment	—		—		(100	)	(30	)	—		(130	)
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	—		—		(34	)	(109	)	—		(143	)
Return of capital from subsidiary	—		—		51		—		(51	)	—
Contributions to subsidiary	—		—		(97	)	—		97		—
Intercompany loan receipts (disbursements)	—		3		(61	)	—		58		—
Other, net	—		—		(6	)	(4	)	—		(10	)
Net cash provided by (used in) investing activities	—		3		(247	)	(143	)	104		(283	)
Financing Activities
Short-term borrowings (repayments), net	—		61		10		(9	)	(61	)	1
Proceeds from short-term borrowings	—		—		—		25		—		25
Repayments of short-term borrowings	—		—		—		(43	)	—		(43	)
Proceeds from long-term debt	—		—		—		—		—		—
Repayments of long-term debt	—		(5	)	(3	)	(8	)	3		(13	)
Refinancing costs	—		—		—		—		—		—
Purchases of treasury stock, including related fees	(103	)	—		—		—		—		(103	)
Dividends to parent	—		(168	)	(168	)	—		336		—
Contributions from parent	—		—		—		97		(97	)	—
Stock option exercises	3		—		—		—		—		3
Series A common stock dividends	(67	)	—		—		—		—		(67	)
Return of capital to parent	—		—		—		(51	)	51		—
Contribution from noncontrolling interest	—		—		—		148		—		148
Other, net	—		—		(1	)	—		—		(1	)
Net cash provided by (used in) financing activities	(167	)	(112	)	(162	)	159		232		(50	)
Exchange rate effects on cash and cash equivalents	—		—		—		(4	)	—		(4	)
Net increase (decrease) in cash and cash equivalents	2		—		(76	)	154		—		80
Cash and cash equivalents as of beginning of period	—		—		284		700		—		984
Cash and cash equivalents as of end of period	2		—		208		854		—		1,064

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED INTERIM CONSOLIDATING STATEMENT OF CASH FLOWS

	Six Months Ended June 30, 2013
	Parent Guarantor		Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net cash provided by (used in) operating activities	19		(42	)	292		147		(40	)	376
Investing Activities
Capital expenditures on property, plant and equipment	—		—		(66	)	(62	)	—		(128	)
Acquisitions, net of cash acquired	—		—		—		—		—		—
Proceeds from sale of businesses and assets, net	—		—		—		12		—		12
Deferred proceeds from Kelsterbach plant relocation	—		—		—		—		—		—
Capital expenditures related to Kelsterbach plant relocation	—		—		—		(6	)	—		(6	)
Capital expenditures related to Fairway Methanol LLC	—		—		(21	)	—		—		(21	)
Return of capital from subsidiary	—		—		—		—		—		—
Contributions to subsidiary	—		—		—		—		—		—
Intercompany loan receipts (disbursements)	—		3		(64	)	—		61		—
Other, net	—		—		(25	)	(9	)	—		(34	)
Net cash provided by (used in) investing activities	—		3		(176	)	(65	)	61		(177	)
Financing Activities
Short-term borrowings (repayments), net	—		64		(2	)	(9	)	(64	)	(11	)
Proceeds from short-term borrowings	—		—		—		27		—		27
Repayments of short-term borrowings	—		—		—		(24	)	—		(24	)
Proceeds from long-term debt	—		—		50		—		—		50
Repayments of long-term debt	—		(5	)	(18	)	(42	)	3		(62	)
Refinancing costs	—		—		—		—		—		—
Purchases of treasury stock, including related fees	(6	)	—		—		—		—		(6	)
Dividends to parent	—		(20	)	(20	)	—		40		—
Contributions from parent	—		—		—		—		—		—
Stock option exercises	3		—		—		—		—		3
Series A common stock dividends	(26	)	—		—		—		—		(26	)
Return of capital to parent	—		—		—		—		—		—
Contribution from noncontrolling interest	—		—		—		—		—		—
Other, net	—		—		—		—		—		—
Net cash provided by (used in) financing activities	(29	)	39		10		(48	)	(21	)	(49	)
Exchange rate effects on cash and cash equivalents	—		—		—		(2	)	—		(2	)
Net increase (decrease) in cash and cash equivalents	(10	)	—		126		32		—		148
Cash and cash equivalents as of beginning of period	10		—		275		674		—		959
Cash and cash equivalents as of end of period	—		—		401		706		—		1,107