Debt (Tables)

12 Months Ended

Dec. 31, 2015

Debt Disclosure [Abstract]

Schedule of Short-term Debt

	As of December 31,
	2015	2014
	(In $ millions)
Short-Term Borrowings and Current Installments of Long-Term Debt - Third Party and Affiliates
Current installments of long-term debt	56	25
Short-term borrowings, including amounts due to affiliates(1)	52	77
Revolving credit facility(2)	350	—
Accounts receivable securitization facility(3)	55	35
Total	513	137

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⁽¹⁾  The weighted average interest rate was 3.3% and 4.7% as of December 31, 2015 and 2014, respectively.

⁽²⁾  The weighted average interest rate was 1.8% and 0.0% as of December 31, 2015 and 2014, respectively.

⁽³⁾  The weighted average interest rate was 0.8% and 0.7% as of December 31, 2015 and 2014, respectively.

Schedule of Long-term Debt

	As of December 31,
	2015		2014
	(In $ millions)
Long-Term Debt
Senior credit facilities - Term C-2 loan due 2016	30		34
Senior credit facilities - Term C-3 loan due 2018	878		906
Senior unsecured notes due 2019, interest rate of 3.250%	327		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	238		260
Subtotal	2,542		2,633
Unamortized debt issuance costs(1)	(18	)	(22	)
Current installments of long-term debt	(56	)	(25	)
Total	2,468		2,586

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⁽¹⁾  Related to the Company's outstanding senior credit facilities - Term C-2 and Term C-3 loans, senior unsecured notes issued in public offerings registered under the Securities Act of 1933 (collectively, the "Senior Notes") and pollution control bonds.

Schedule of Senior Notes

The Company has outstanding Senior Notes, as follows:

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:

	(In $ millions)
As of December 31, 2012	30
Financing costs deferred(1)	2
Accelerated amortization due to refinancing activity	—
Amortization	(5	)
As of December 31, 2013	27
Financing costs deferred(2)	10
Accelerated amortization due to refinancing activity(3)	(5	)
Amortization	(5	)
As of December 31, 2014(4)	27
Financing costs deferred	—
Accelerated amortization due to refinancing activity	—
Amortization	(5	)
As of December 31, 2015(4)	22

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⁽¹⁾  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.

⁽²⁾  Includes $6 million related to the issuance of the 3.250% Notes and $4 million related to the September 2014 amendment to the Celanese US existing senior secured credit facilities.

⁽³⁾  Includes $4 million related to the 6.625% Notes redemption and $1 million related to the Term C-2 loan facility conversion.

⁽⁴⁾  Includes $4 million and $5 million as of December 31, 2015 and 2014, respectively, related to the Company's revolving credit facility and accounts receivables securitization facility, which are included in Other noncurrent assets in the consolidated balance sheets.

Schedule of First Lien Senior Secured Leverage Ratios

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

As of December 31, 2015
Maximum	Estimate	Estimate, if Fully Drawn
3.90	0.92	1.30

Schedule of Balances Available for Borrowing

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

	As of December 31, 2015
	(In $ millions)
Revolving Credit Facility
Borrowings outstanding(1)	350
Letters of credit issued	—
Available for borrowing	550
Accounts Receivables Securitization Facility
Borrowings outstanding(2)	55
Letters of credit issued	59
Available for borrowing	—
Total borrowing base	114
Maximum borrowing base(3)	120

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⁽¹⁾  The Company borrowed $550 million and repaid $200 million during the year ended December 31, 2015. Borrowings were primarily used to fund repurchases of the Company's Common Stock.

⁽²⁾  The Company borrowed $35 million and repaid $15 million during the year ended December 31, 2015.

⁽³⁾  Outstanding accounts receivable transferred by the Originators to the Transferor was $131 million. On November 5, 2015, the Company reduced the maximum borrowing base from $135 million to $120 million.

Schedule of Principle Payments

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

	(In $ millions)
2016	513
2017	28
2018	882
2019	351
2020	28
Thereafter	1,197
Total	2,999