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Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Net sales $ 1,477 $ 1,769 $ 2,927 $ 3,474
Cost of sales (1,102) (1,361) (2,171) (2,688)
Gross profit 375 408 756 786
Selling, general and administrative expenses (106) (119) (204) (223)
Amortization of intangible assets (3) (5) (6) (11)
Research and development expenses (59) (24) (79) (46)
Other (charges) gains, net (10) 2 (15) 1
Foreign exchange gain (loss), net (3) (1) 0 (2)
Gain (loss) on disposition of businesses and assets, net (6) (2) (7) (3)
Operating profit (loss) 188 259 445 502
Equity in net earnings (loss) of affiliates 40 101 88 141
Interest expense (30) (40) (57) (79)
Interest income 1 2 1 2
Dividend income - cost investments 26 29 54 58
Other income (expense), net 2 1 2 1
Earnings (loss) from continuing operations before tax 227 352 533 625
Income tax (provision) benefit (24) (94) (96) (172)
Earnings (loss) from continuing operations 203 258 437 453
Earnings (loss) from operation of discontinued operations (3) (1) (3) (1)
Income tax (provision) benefit from discontinued operations 1 1 1 1
Earnings (loss) from discontinued operations (2) 0 (2) 0
Net earnings (loss) 201 258 435 453
Net (earnings) loss attributable to noncontrolling interests 4 1 6 2
Net earnings (loss) attributable to Celanese Corporation 205 259 441 455
Amounts attributable to Celanese Corporation        
Earnings (loss) from continuing operations 207 259 443 455
Earnings (loss) from discontinued operations (2) 0 (2) 0
Net earnings (loss) $ 205 $ 259 $ 441 $ 455
Earnings (loss) per common share - basic        
Continuing operations $ 1.35 $ 1.66 $ 2.89 $ 2.91
Discontinued operations (0.01) 0.00 (0.01) 0.00
Net earnings (loss) - basic 1.34 1.66 2.88 2.91
Earnings (loss) per common share - diluted        
Continuing operations 1.34 1.66 2.87 2.91
Discontinued operations (0.01) 0.00 (0.01) 0.00
Net earnings (loss) - diluted $ 1.33 $ 1.66 $ 2.86 $ 2.91
Weighted average shares - basic 153,480,175 155,751,779 153,349,071 156,124,714
Weighted average shares - diluted 153,990,933 156,054,232 153,945,466 156,424,665