Consolidating Guarantor Financial Information (Tables)

9 Months Ended

Sep. 30, 2015

Consolidating Guarantor Financial Information [Abstract]

Schedule of Consolidating Statement of Operations

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED INTERIM CONSOLIDATING STATEMENT OF OPERATIONS

	Three Months Ended September 30, 2015
	Parent Guarantor	Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net sales	—	—		553		1,119		(259	)	1,413
Cost of sales	—	—		(424	)	(974	)	288		(1,110	)
Gross profit	—	—		129		145		29		303
Selling, general and administrative expenses	—	—		(22	)	(71	)	—		(93	)
Amortization of intangible assets	—	—		(1	)	(2	)	—		(3	)
Research and development expenses	—	—		(9	)	(10	)	—		(19	)
Other (charges) gains, net	—	—		1		(5	)	—		(4	)
Foreign exchange gain (loss), net	—	—		—		3		—		3
Gain (loss) on disposition of businesses and assets, net	—	—		(2	)	1		—		(1	)
Operating profit (loss)	—	—		96		61		29		186
Equity in net earnings (loss) of affiliates	161	173		77		47		(408	)	50
Interest expense	—	(23	)	(2	)	(8	)	4		(29	)
Refinancing expense	—	—		—		—		—		—
Interest income	—	2		—		2		(4	)	—
Dividend income - cost investments	—	—		—		26		—		26
Other income (expense), net	—	(1	)	1		(8	)	—		(8	)
Earnings (loss) from continuing operations before tax	161	151		172		120		(379	)	225
Income tax (provision) benefit	—	10		(30	)	(45	)	(9	)	(74	)
Earnings (loss) from continuing operations	161	161		142		75		(388	)	151
Earnings (loss) from operation of discontinued operations	—	—		—		—		—		—
Income tax (provision) benefit from discontinued operations	—	—		—		—		—		—
Earnings (loss) from discontinued operations	—	—		—		—		—		—
Net earnings (loss)	161	161		142		75		(388	)	151
Net (earnings) loss attributable to noncontrolling interests	—	—		—		10		—		10
Net earnings (loss) attributable to Celanese Corporation	161	161		142		85		(388	)	161

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED INTERIM CONSOLIDATING STATEMENT OF OPERATIONS

	Three Months Ended September 30, 2014
	Parent Guarantor	Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net sales	—	—		749		1,340		(320	)	1,769
Cost of sales	—	—		(492	)	(1,133	)	292		(1,333	)
Gross profit	—	—		257		207		(28	)	436
Selling, general and administrative expenses	—	—		(18	)	(100	)	—		(118	)
Amortization of intangible assets	—	—		(1	)	(4	)	—		(5	)
Research and development expenses	—	—		(12	)	(10	)	—		(22	)
Other (charges) gains, net	—	—		21		(1	)	—		20
Foreign exchange gain (loss), net	—	—		—		1		—		1
Gain (loss) on disposition of businesses and assets, net	—	—		(3	)	1		—		(2	)
Operating profit (loss)	—	—		244		94		(28	)	310
Equity in net earnings (loss) of affiliates	252	291		49		40		(580	)	52
Interest expense	—	(52	)	(6	)	(20	)	37		(41	)
Refinancing expense	—	(4	)	—		—		—		(4	)
Interest income	—	18		18		4		(37	)	3
Dividend income - cost investments	—	—		—		29		—		29
Other income (expense), net	—	—		—		(2	)	—		(2	)
Earnings (loss) from continuing operations before tax	252	253		305		145		(608	)	347
Income tax (provision) benefit	1	(1	)	(82	)	(16	)	8		(90	)
Earnings (loss) from continuing operations	253	252		223		129		(600	)	257
Earnings (loss) from operation of discontinued operations	—	—		(7	)	—		—		(7	)
Income tax (provision) benefit from discontinued operations	—	—		2		—		—		2
Earnings (loss) from discontinued operations	—	—		(5	)	—		—		(5	)
Net earnings (loss)	253	252		218		129		(600	)	252
Net (earnings) loss attributable to noncontrolling interests	—	—		—		1		—		1
Net earnings (loss) attributable to Celanese Corporation	253	252		218		130		(600	)	253

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED INTERIM CONSOLIDATING STATEMENT OF OPERATIONS

	Nine Months Ended September 30, 2015
	Parent Guarantor	Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net sales	—	—		1,885		3,426		(971	)	4,340
Cost of sales	—	—		(1,329	)	(2,969	)	1,017		(3,281	)
Gross profit	—	—		556		457		46		1,059
Selling, general and administrative expenses	—	—		(75	)	(222	)	—		(297	)
Amortization of intangible assets	—	—		(4	)	(5	)	—		(9	)
Research and development expenses	—	—		(68	)	(30	)	—		(98	)
Other (charges) gains, net	—	—		(2	)	(17	)	—		(19	)
Foreign exchange gain (loss), net	—	—		—		3		—		3
Gain (loss) on disposition of businesses and assets, net	—	—		(5	)	(3	)	—		(8	)
Operating profit (loss)	—	—		402		183		46		631
Equity in net earnings (loss) of affiliates	602	696		283		122		(1,565	)	138
Interest expense	—	(107	)	(15	)	(28	)	64		(86	)
Refinancing expense	—	—		—		—		—		—
Interest income	—	15		39		11		(64	)	1
Dividend income - cost investments	—	—		—		80		—		80
Other income (expense), net	—	(1	)	2		(7	)	—		(6	)
Earnings (loss) from continuing operations before tax	602	603		711		361		(1,519	)	758
Income tax (provision) benefit	—	(1	)	(112	)	(46	)	(11	)	(170	)
Earnings (loss) from continuing operations	602	602		599		315		(1,530	)	588
Earnings (loss) from operation of discontinued operations	—	—		(3	)	—		—		(3	)
Income tax (provision) benefit from discontinued operations	—	—		1		—		—		1
Earnings (loss) from discontinued operations	—	—		(2	)	—		—		(2	)
Net earnings (loss)	602	602		597		315		(1,530	)	586
Net (earnings) loss attributable to noncontrolling interests	—	—		—		16		—		16
Net earnings (loss) attributable to Celanese Corporation	602	602		597		331		(1,530	)	602

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED INTERIM CONSOLIDATING STATEMENT OF OPERATIONS

	Nine Months Ended September 30, 2014
	Parent Guarantor	Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net sales	—	—		2,135		3,997		(889	)	5,243
Cost of sales	—	—		(1,454	)	(3,433	)	866		(4,021	)
Gross profit	—	—		681		564		(23	)	1,222
Selling, general and administrative expenses	—	—		(45	)	(296	)	—		(341	)
Amortization of intangible assets	—	—		(5	)	(11	)	—		(16	)
Research and development expenses	—	—		(38	)	(30	)	—		(68	)
Other (charges) gains, net	—	—		21		—		—		21
Foreign exchange gain (loss), net	—	—		—		(1	)	—		(1	)
Gain (loss) on disposition of businesses and assets, net	—	—		(8	)	3		—		(5	)
Operating profit (loss)	—	—		606		229		(23	)	812
Equity in net earnings (loss) of affiliates	706	801		127		165		(1,606	)	193
Interest expense	—	(147	)	(18	)	(60	)	105		(120	)
Refinancing expense	—	(4	)	—		—		—		(4	)
Interest income	—	49		53		8		(105	)	5
Dividend income - cost investments	—	—		—		87		—		87
Other income (expense), net	—	—		4		(5	)	—		(1	)
Earnings (loss) from continuing operations before tax	706	699		772		424		(1,629	)	972
Income tax (provision) benefit	2	7		(204	)	(73	)	6		(262	)
Earnings (loss) from continuing operations	708	706		568		351		(1,623	)	710
Earnings (loss) from operation of discontinued operations	—	—		(8	)	—		—		(8	)
Income tax (provision) benefit from discontinued operations	—	—		3		—		—		3
Earnings (loss) from discontinued operations	—	—		(5	)	—		—		(5	)
Net earnings (loss)	708	706		563		351		(1,623	)	705
Net (earnings) loss attributable to noncontrolling interests	—	—		—		3		—		3
Net earnings (loss) attributable to Celanese Corporation	708	706		563		354		(1,623	)	708

Schedule of Consolidating Statements of Comprehensive Income (Loss)

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED INTERIM CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

	Three Months Ended September 30, 2015
	Parent Guarantor		Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net earnings (loss)	161		161		142		75		(388	)	151
Other comprehensive income (loss), net of tax
Unrealized gain (loss) on marketable securities	1		1		1		1		(3	)	1
Foreign currency translation	(11	)	(11	)	4		(7	)	14		(11	)
Gain (loss) on cash flow hedges	(1	)	(1	)	(1	)	(1	)	3		(1	)
Pension and postretirement benefits	—		—		—		—		—		—
Total other comprehensive income (loss), net of tax	(11	)	(11	)	4		(7	)	14		(11	)
Total comprehensive income (loss), net of tax	150		150		146		68		(374	)	140
Comprehensive (income) loss attributable to noncontrolling interests	—		—		—		10		—		10
Comprehensive income (loss) attributable to Celanese Corporation	150		150		146		78		(374	)	150

	Three Months Ended September 30, 2014
	Parent Guarantor		Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net earnings (loss)	253		252		218		129		(600	)	252
Other comprehensive income (loss), net of tax
Unrealized gain (loss) on marketable securities	—		—		—		—		—		—
Foreign currency translation	(124	)	(124	)	(4	)	(16	)	144		(124	)
Gain (loss) on cash flow hedges	(5	)	(5	)	—		(6	)	11		(5	)
Pension and postretirement benefits	(8	)	(8	)	(8	)	—		16		(8	)
Total other comprehensive income (loss), net of tax	(137	)	(137	)	(12	)	(22	)	171		(137	)
Total comprehensive income (loss), net of tax	116		115		206		107		(429	)	115
Comprehensive (income) loss attributable to noncontrolling interests	—		—		—		1		—		1
Comprehensive income (loss) attributable to Celanese Corporation	116		115		206		108		(429	)	116

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED INTERIM CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

	Nine Months Ended September 30, 2015
	Parent Guarantor		Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net earnings (loss)	602		602		597		315		(1,530	)	586
Other comprehensive income (loss), net of tax
Unrealized gain (loss) on marketable securities	—		—		—		—		—		—
Foreign currency translation	(130	)	(130	)	(110	)	(144	)	384		(130	)
Gain (loss) on cash flow hedges	2		2		5		2		(9	)	2
Pension and postretirement benefits	1		1		—		4		(5	)	1
Total other comprehensive income (loss), net of tax	(127	)	(127	)	(105	)	(138	)	370		(127	)
Total comprehensive income (loss), net of tax	475		475		492		177		(1,160	)	459
Comprehensive (income) loss attributable to noncontrolling interests	—		—		—		16		—		16
Comprehensive income (loss) attributable to Celanese Corporation	475		475		492		193		(1,160	)	475

	Nine Months Ended September 30, 2014
	Parent Guarantor		Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net earnings (loss)	708		706		563		351		(1,623	)	705
Other comprehensive income (loss), net of tax
Unrealized gain (loss) on marketable securities	—		—		—		—		—		—
Foreign currency translation	(141	)	(141	)	3		(30	)	168		(141	)
Gain (loss) on cash flow hedges	(11	)	(11	)	—		(9	)	20		(11	)
Pension and postretirement benefits	(34	)	(34	)	(34	)	—		68		(34	)
Total other comprehensive income (loss), net of tax	(186	)	(186	)	(31	)	(39	)	256		(186	)
Total comprehensive income (loss), net of tax	522		520		532		312		(1,367	)	519
Comprehensive (income) loss attributable to noncontrolling interests	—		—		—		3		—		3
Comprehensive income (loss) attributable to Celanese Corporation	522		520		532		315		(1,367	)	522

Schedule of Consolidating Balance Sheet

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED CONSOLIDATING BALANCE SHEET

	As of September 30, 2015
	Parent Guarantor	Issuer	Subsidiary Guarantors	Non- Guarantors	Eliminations		Consolidated
	(In $ millions)
ASSETS
Current Assets
Cash and cash equivalents	—	—	27	925	—		952
Trade receivables - third party and affiliates	—	—	121	801	(129	)	793
Non-trade receivables, net	36	467	293	401	(966	)	231
Inventories, net	—	—	260	532	(54	)	738
Deferred income taxes	—	—	26	11	(22	)	15
Marketable securities, at fair value	—	—	30	—	—		30
Other assets	—	11	21	37	(32	)	37
Total current assets	36	478	778	2,707	(1,203	)	2,796
Investments in affiliates	2,732	4,461	4,304	768	(11,397	)	868
Property, plant and equipment, net	—	—	1,025	2,753	—		3,778
Deferred income taxes	—	16	246	27	(11	)	278
Other assets	—	445	153	375	(623	)	350
Goodwill	—	—	314	402	—		716
Intangible assets, net	—	—	72	50	—		122
Total assets	2,768	5,400	6,892	7,082	(13,234	)	8,908
LIABILITIES AND EQUITY
Current Liabilities
Short-term borrowings and current installments of long-term debt - third party and affiliates	—	354	196	219	(306	)	463
Trade payables - third party and affiliates	1	—	258	478	(129	)	608
Other liabilities	1	34	205	282	(191	)	331
Deferred income taxes	—	22	—	7	(22	)	7
Income taxes payable	—	—	560	58	(511	)	107
Total current liabilities	2	410	1,219	1,044	(1,159	)	1,516
Noncurrent Liabilities
Long-term debt	—	2,232	719	194	(604	)	2,541
Deferred income taxes	—	19	—	114	(11	)	122
Uncertain tax positions	—	7	29	129	—		165
Benefit obligations	—	—	841	262	—		1,103
Other liabilities	—	—	122	168	(26	)	264
Total noncurrent liabilities	—	2,258	1,711	867	(641	)	4,195
Total Celanese Corporation stockholders' equity	2,766	2,732	3,962	4,740	(11,434	)	2,766
Noncontrolling interests	—	—	—	431	—		431
Total equity	2,766	2,732	3,962	5,171	(11,434	)	3,197
Total liabilities and equity	2,768	5,400	6,892	7,082	(13,234	)	8,908

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED CONSOLIDATING BALANCE SHEET

	As of December 31, 2014
	Parent Guarantor	Issuer	Subsidiary Guarantors	Non- Guarantors	Eliminations		Consolidated
	(In $ millions)
ASSETS
Current Assets
Cash and cash equivalents	—	—	110	670	—		780
Trade receivables - third party and affiliates	—	—	184	821	(204	)	801
Non-trade receivables, net	35	477	2,265	407	(2,943	)	241
Inventories, net	—	—	268	613	(99	)	782
Deferred income taxes	—	—	39	12	(22	)	29
Marketable securities, at fair value	—	—	32	—	—		32
Other assets	—	6	12	34	(19	)	33
Total current assets	35	483	2,910	2,557	(3,287	)	2,698
Investments in affiliates	2,784	5,889	4,349	613	(12,759	)	876
Property, plant and equipment, net	—	—	1,029	2,704	—		3,733
Deferred income taxes	—	16	211	26	—		253
Other assets	—	674	146	400	(843	)	377
Goodwill	—	—	314	435	—		749
Intangible assets, net	—	—	73	59	—		132
Total assets	2,819	7,062	9,032	6,794	(16,889	)	8,818
LIABILITIES AND EQUITY
Current Liabilities
Short-term borrowings and current installments of long-term debt - third party and affiliates	—	1,894	184	290	(2,231	)	137
Trade payables - third party and affiliates	—	—	413	548	(204	)	757
Other liabilities	1	34	225	402	(230	)	432
Deferred income taxes	—	22	—	7	(22	)	7
Income taxes payable	—	—	484	45	(524	)	5
Total current liabilities	1	1,950	1,306	1,292	(3,211	)	1,338
Noncurrent Liabilities
Long-term debt	—	2,269	900	208	(769	)	2,608
Deferred income taxes	—	—	—	141	—		141
Uncertain tax positions	—	6	16	137	—		159
Benefit obligations	—	—	923	288	—		1,211
Other liabilities	—	53	121	192	(83	)	283
Total noncurrent liabilities	—	2,328	1,960	966	(852	)	4,402
Total Celanese Corporation stockholders' equity	2,818	2,784	5,766	4,276	(12,826	)	2,818
Noncontrolling interests	—	—	—	260	—		260
Total equity	2,818	2,784	5,766	4,536	(12,826	)	3,078
Total liabilities and equity	2,819	7,062	9,032	6,794	(16,889	)	8,818

Schedule of Consolidating Statement of Cash Flows

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED INTERIM CONSOLIDATING STATEMENT OF CASH FLOWS

	Nine Months Ended September 30, 2015
	Parent Guarantor		Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net cash provided by (used in) operating activities	549		507		406		380		(1,116	)	726
Investing Activities
Capital expenditures on property, plant and equipment	—		—		(100	)	(68	)	—		(168	)
Acquisitions, net of cash acquired	—		—		(3	)	—		—		(3	)
Proceeds from sale of businesses and assets, net	—		—		—		—		—		—
Capital expenditures related to Fairway Methanol LLC	—		—		(19	)	(244	)	—		(263	)
Return of capital from subsidiary	—		—		—		—		—		—
Contributions to subsidiary	—		—		(92	)	—		92		—
Intercompany loan receipts (disbursements)	—		(342	)	(29	)	(15	)	386		—
Other, net	—		—		(12	)	(15	)	—		(27	)
Net cash provided by (used in) investing activities	—		(342	)	(255	)	(342	)	478		(461	)
Financing Activities
Net change in short-term borrowings with maturities of 3 months or less	—		374		2		(1	)	(29	)	346
Proceeds from short-term borrowings	—		—		—		40		—		40
Repayments of short-term borrowings	—		—		—		(60	)	—		(60	)
Proceeds from long-term debt	—		15		345		—		(360	)	—
Repayments of long-term debt	—		(7	)	(3	)	(11	)	3		(18	)
Purchases of treasury stock, including related fees	(420	)	—		—		—		—		(420	)
Dividends to parent	—		(547	)	(569	)	—		1,116		—
Contributions from parent	—		—		—		92		(92	)	—
Stock option exercises	2		—		—		—		—		2
Series A common stock dividends	(131	)	—		—		—		—		(131	)
Return of capital to parent	—		—		—		—		—		—
Contributions from noncontrolling interests	—		—		—		187		—		187
Other, net	—		—		(9	)	(1	)	—		(10	)
Net cash provided by (used in) financing activities	(549	)	(165	)	(234	)	246		638		(64	)
Exchange rate effects on cash and cash equivalents	—		—		—		(29	)	—		(29	)
Net increase (decrease) in cash and cash equivalents	—		—		(83	)	255		—		172
Cash and cash equivalents as of beginning of period	—		—		110		670		—		780
Cash and cash equivalents as of end of period	—		—		27		925		—		952

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED INTERIM CONSOLIDATING STATEMENT OF CASH FLOWS

	Nine Months Ended September 30, 2014
	Parent Guarantor		Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net cash provided by (used in) operating activities	303		444		573		304		(828	)	796
Investing Activities
Capital expenditures on property, plant and equipment	—		—		(142	)	(47	)	—		(189	)
Acquisitions, net of cash acquired	—		—		—		—		—		—
Proceeds from sale of businesses and assets, net	—		—		—		—		—		—
Capital expenditures related to Fairway Methanol LLC	—		—		(39	)	(236	)	—		(275	)
Return of capital from subsidiary	—		28		51		—		(79	)	—
Contributions to subsidiary	—		—		(143	)	—		143		—
Intercompany loan receipts (disbursements)	—		4		543		—		(547	)	—
Other, net	—		—		(8	)	(5	)	—		(13	)
Net cash provided by (used in) investing activities	—		32		262		(288	)	(483	)	(477	)
Financing Activities
Net change in short-term borrowings with maturities of 3 months or less	—		(543	)	13		(1	)	543		12
Proceeds from short-term borrowings	—		—		—		47		—		47
Repayments of short-term borrowings	—		—		—		(70	)	—		(70	)
Proceeds from long-term debt	—		387		—		—		—		387
Repayments of long-term debt	—		(7	)	(4	)	(12	)	4		(19	)
Purchases of treasury stock, including related fees	(201	)	—		—		—		—		(201	)
Dividends to parent	—		(303	)	(303	)	(222	)	828		—
Contributions from parent	—		—		—		143		(143	)	—
Stock option exercises	4		—		—		—		—		4
Series A common stock dividends	(106	)	—		—		—		—		(106	)
Return of capital to parent	—		—		—		(79	)	79		—
Contributions from noncontrolling interests	—		—		—		194		—		194
Other, net	—		(10	)	(1	)	—		—		(11	)
Net cash provided by (used in) financing activities	(303	)	(476	)	(295	)	—		1,311		237
Exchange rate effects on cash and cash equivalents	—		—		—		(30	)	—		(30	)
Net increase (decrease) in cash and cash equivalents	—		—		540		(14	)	—		526
Cash and cash equivalents as of beginning of period	—		—		284		700		—		984
Cash and cash equivalents as of end of period	—		—		824		686		—		1,510