Debt (Tables)

12 Months Ended

Dec. 31, 2014

Debt Disclosure [Abstract]

Schedule of Short-term Debt

	As of December 31,
	2014	2013
	(In $ millions)
Short-Term Borrowings and Current Installments of Long-Term Debt - Third Party and Affiliates
Current installments of long-term debt	25	24
Short-term borrowings, including amounts due to affiliates(1)	77	103
Accounts receivable securitization facility(2)	35	50
Total	137	177

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⁽¹⁾  The weighted average interest rate was 4.7% and 4.4% as of December 31, 2014 and 2013, respectively.

⁽²⁾  The weighted average interest rate was 0.7% as of December 31, 2014 and 2013.

Schedule of Long-term Debt

	As of December 31,
	2014		2013
	(In $ millions)
Long-Term Debt
Senior credit facilities - Term C-2 loan due 2016	34		978
Senior credit facilities - Term C-3 loan due 2018	906		—
Senior unsecured notes due 2018, interest rate of 6.625%	—		600
Senior unsecured notes due 2019, interest rate of 3.250%	364		—
Senior unsecured notes due 2021, interest rate of 5.875%	400		400
Senior unsecured notes due 2022, interest rate of 4.625%	500		500
Pollution control and industrial revenue bonds due at various dates through 2030, interest rates ranging from 5.7% to 6.7%	169		169
Obligations under capital leases due at various dates through 2054	260		264
Subtotal	2,633		2,911
Current installments of long-term debt	(25	)	(24	)
Total	2,608		2,887

Schedule of Senior Notes

The Company has outstanding senior unsecured notes issued in public offerings registered under the Securities Act of 1933, as amended, as follows (collectively, the "Senior Notes"):

Senior Notes	Issue Date	Principal	Interest Rate	Interest Pay Dates		Maturity Date
		(In millions)	(In percentages)
3.250% Notes	September 2014	€300	3.250	April 15	October 15	October 15, 2019
4.625% Notes	November 2012	$500	4.625	March 15	September 15	November 15, 2022
5.875% Notes	May 2011	$400	5.875	June 15	December 15	June 15, 2021

Schedule of Net Deferred Financing Costs

Net deferred financing costs are as follows:

	Net Deferred Financing Costs
	(In $ millions)
As of December 31, 2011	28
Financing costs deferred(1)	8
Accelerated amortization due to refinancing activity(2)	(1	)
Amortization	(5	)
As of December 31, 2012	30
Financing costs deferred(3)	2
Accelerated amortization due to refinancing activity	—
Amortization	(5	)
As of December 31, 2013	27
Financing costs deferred(4)	10
Accelerated amortization due to refinancing activity(5)	(5	)
Amortization	(5	)
As of December 31, 2014	27

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⁽¹⁾  Relates to the issuance of the 4.625% Notes.

⁽²⁾  Relates to the $400 million prepayment of the Term C loan facility with proceeds from the 4.625% Notes.

⁽³⁾  Relates to the September 2013 amendment to the Celanese US existing senior secured credit facilities to reduce the interest rates payable in connection with certain borrowings thereby creating the Term C-2 loan facility due 2016.

⁽⁴⁾  Includes $6 million related to the issuance of the 3.250% Notes and $4 million related to the September 24, 2014 amendment to the Celanese US existing senior secured credit facilities.

⁽⁵⁾  Includes $4 million related to the 6.625% Notes redemption and $1 million related to the Term C-2 loan facility conversion.

Schedule of First Lien Senior Secured Leverage Ratios

The Company's first lien senior secured leverage ratios under the revolving credit facility are as follows:

As of December 31, 2014
Maximum	Estimate	Estimate, if Fully Drawn
3.90	0.64	1.21

Schedule of Balances Available for Borrowing

The Company's balances available for borrowing are as follows:

	As of December 31, 2014
	(In $ millions)
Revolving Credit Facility
Borrowings outstanding	—
Letters of credit issued	—
Available for borrowing	900
Accounts Receivable Securitization Facility
Borrowings outstanding	35
Letters of credit issued	79
Available for borrowing	21

Schedule of Principle Payments

Principal payments scheduled to be made on the Company's debt, including short-term borrowings, are as follows:

	(In $ millions)
2015	137
2016	60
2017	29
2018	901
2019	390
Thereafter	1,228
Total	2,745