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Unaudited Interim Consolidated Statement of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Net sales $ 1,413 $ 1,769 $ 4,340 $ 5,243
Cost of sales (1,110) (1,333) (3,281) (4,021)
Gross profit 303 436 1,059 1,222
Selling, general and administrative expenses (93) (118) (297) (341)
Amortization of intangible assets (3) (5) (9) (16)
Research and development expenses (19) (22) (98) (68)
Other (charges) gains, net (4) 20 (19) 21
Foreign exchange gain (loss), net 3 1 3 (1)
Gain (loss) on disposition of businesses and assets, net (1) (2) (8) (5)
Operating profit (loss) 186 310 631 812
Equity in net earnings (loss) of affiliates 50 52 138 193
Interest expense (29) (41) (86) (120)
Refinancing expense 0 (4) 0 (4)
Interest income 0 3 1 5
Dividend income - cost investments 26 29 80 87
Other income (expense), net (8) (2) (6) (1)
Earnings (loss) from continuing operations before tax 225 347 758 972
Income tax (provision) benefit (74) (90) (170) (262)
Earnings (loss) from continuing operations 151 257 588 710
Earnings (loss) from operation of discontinued operations 0 (7) (3) (8)
Income tax (provision) benefit from discontinued operations 0 2 1 3
Earnings (loss) from discontinued operations 0 (5) (2) (5)
Net earnings (loss) 151 252 586 705
Net (earnings) loss attributable to noncontrolling interests 10 1 16 3
Net earnings (loss) attributable to Celanese Corporation 161 253 602 708
Amounts attributable to Celanese Corporation        
Earnings (loss) from continuing operations 161 258 604 713
Earnings (loss) from discontinued operations 0 (5) (2) (5)
Net earnings (loss) $ 161 $ 253 $ 602 $ 708
Earnings (loss) per common share - basic        
Continuing operations $ 1.07 $ 1.67 $ 3.97 $ 4.58
Discontinued operations 0.00 (0.03) (0.01) (0.03)
Net earnings (loss) - basic 1.07 1.64 3.96 4.55
Earnings (loss) per common share - diluted        
Continuing operations 1.07 1.66 3.93 4.56
Discontinued operations 0.00 (0.03) (0.01) (0.03)
Net earnings (loss) - diluted $ 1.07 $ 1.63 $ 3.92 $ 4.53
Weighted average shares - basic 149,800,029 154,427,554 152,153,057 155,552,777
Weighted average shares - diluted 151,004,081 155,174,528 153,420,449 156,325,511