Consolidating Guarantor Financial Information (Tables)

3 Months Ended

Mar. 31, 2016

Consolidating Guarantor Financial Information [Abstract]

Schedule of Consolidating Statement of Operations

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED INTERIM CONSOLIDATING STATEMENT OF OPERATIONS

	Three Months Ended March 31, 2016
	Parent Guarantor	Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net sales	—	—		583		1,139		(318	)	1,404
Cost of sales	—	—		(441	)	(891	)	318		(1,014	)
Gross profit	—	—		142		248		—		390
Selling, general and administrative expenses	—	—		(17	)	(63	)	—		(80	)
Amortization of intangible assets	—	—		(1	)	(1	)	—		(2	)
Research and development expenses	—	—		(8	)	(11	)	—		(19	)
Other (charges) gains, net	—	—		—		(5	)	—		(5	)
Foreign exchange gain (loss), net	—	—		—		3		—		3
Gain (loss) on disposition of businesses and assets, net	—	—		(1	)	1		—		—
Operating profit (loss)	—	—		115		172		—		287
Equity in net earnings (loss) of affiliates	256	274		173		37		(702	)	38
Interest expense	—	(15	)	(15	)	(8	)	5		(33	)
Refinancing expense	—	—		(2	)	—		—		(2	)
Interest income	—	2		1		2		(4	)	1
Dividend income - cost investments	—	—		—		27		—		27
Other income (expense), net	—	—		—		—		—		—
Earnings (loss) from continuing operations before tax	256	261		272		230		(701	)	318
Income tax (provision) benefit	—	(5	)	(30	)	(25	)	—		(60	)
Earnings (loss) from continuing operations	256	256		242		205		(701	)	258
Earnings (loss) from operation of discontinued operations	—	—		—		1		—		1
Income tax (provision) benefit from discontinued operations	—	—		—		—		—		—
Earnings (loss) from discontinued operations	—	—		—		1		—		1
Net earnings (loss)	256	256		242		206		(701	)	259
Net (earnings) loss attributable to noncontrolling interests	—	—		—		(2	)	—		(2	)
Net earnings (loss) attributable to Celanese Corporation	256	256		242		204		(701	)	257

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED INTERIM CONSOLIDATING STATEMENT OF OPERATIONS

	Three Months Ended March 31, 2015
	Parent Guarantor	Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net sales	—	—		658		1,133		(341	)	1,450
Cost of sales	—	—		(431	)	(984	)	346		(1,069	)
Gross profit	—	—		227		149		5		381
Selling, general and administrative expenses	—	—		(24	)	(74	)	—		(98	)
Amortization of intangible assets	—	—		(1	)	(2	)	—		(3	)
Research and development expenses	—	—		(10	)	(10	)	—		(20	)
Other (charges) gains, net	—	—		(3	)	(2	)	—		(5	)
Foreign exchange gain (loss), net	—	—		—		3		—		3
Gain (loss) on disposition of businesses and assets, net	—	—		(2	)	1		—		(1	)
Operating profit (loss)	—	—		187		65		5		257
Equity in net earnings (loss) of affiliates	235	279		92		40		(598	)	48
Interest expense	—	(43	)	(5	)	(12	)	33		(27	)
Refinancing expense	—	—		—		—		—		—
Interest income	—	8		19		6		(33	)	—
Dividend income - cost investments	—	—		—		28		—		28
Other income (expense), net	—	—		—		—		—		—
Earnings (loss) from continuing operations before tax	235	244		293		127		(593	)	306
Income tax (provision) benefit	1	(9	)	(53	)	(10	)	(1	)	(72	)
Earnings (loss) from continuing operations	236	235		240		117		(594	)	234
Earnings (loss) from operation of discontinued operations	—	—		—		—		—		—
Income tax (provision) benefit from discontinued operations	—	—		—		—		—		—
Earnings (loss) from discontinued operations	—	—		—		—		—		—
Net earnings (loss)	236	235		240		117		(594	)	234
Net (earnings) loss attributable to noncontrolling interests	—	—		—		2		—		2
Net earnings (loss) attributable to Celanese Corporation	236	235		240		119		(594	)	236

Schedule of Consolidating Statements of Comprehensive Income (Loss)

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED INTERIM CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

	Three Months Ended March 31, 2016
	Parent Guarantor	Issuer	Subsidiary Guarantors	Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net earnings (loss)	256	256	242	206		(701	)	259
Other comprehensive income (loss), net of tax
Unrealized gain (loss) on marketable securities	1	1	—	1		(2	)	1
Foreign currency translation	64	64	54	82		(200	)	64
Gain (loss) on cash flow hedges	—	—	—	—		—		—
Pension and postretirement benefits	—	—	—	1		(1	)	—
Total other comprehensive income (loss), net of tax	65	65	54	84		(203	)	65
Total comprehensive income (loss), net of tax	321	321	296	290		(904	)	324
Comprehensive (income) loss attributable to noncontrolling interests	—	—	—	(2	)	—		(2	)
Comprehensive income (loss) attributable to Celanese Corporation	321	321	296	288		(904	)	322

	Three Months Ended March 31, 2015
	Parent Guarantor		Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net earnings (loss)	236		235		240		117		(594	)	234
Other comprehensive income (loss), net of tax
Unrealized gain (loss) on marketable securities	—		—		—		—		—		—
Foreign currency translation	(156	)	(156	)	(170	)	(211	)	537		(156	)
Gain (loss) on cash flow hedges	2		2		5		2		(9	)	2
Pension and postretirement benefits	(3	)	(3	)	(3	)	—		6		(3	)
Total other comprehensive income (loss), net of tax	(157	)	(157	)	(168	)	(209	)	534		(157	)
Total comprehensive income (loss), net of tax	79		78		72		(92	)	(60	)	77
Comprehensive (income) loss attributable to noncontrolling interests	—		—		—		2		—		2
Comprehensive income (loss) attributable to Celanese Corporation	79		78		72		(90	)	(60	)	79

Schedule of Consolidating Balance Sheet

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED CONSOLIDATING BALANCE SHEET

	As of March 31, 2016
	Parent Guarantor	Issuer	Subsidiary Guarantors	Non- Guarantors	Eliminations		Consolidated
	(In $ millions)
ASSETS
Current Assets
Cash and cash equivalents	1	—	345	370	—		716
Trade receivables - third party and affiliates	—	—	163	847	(180	)	830
Non-trade receivables, net	38	586	269	302	(983	)	212
Inventories, net	—	—	224	493	(50	)	667
Deferred income taxes	—	—	—	—	—		—
Marketable securities, at fair value	—	—	31	—	—		31
Other assets	—	67	24	72	(116	)	47
Total current assets	39	653	1,056	2,084	(1,329	)	2,503
Investments in affiliates	2,607	4,078	3,483	770	(10,068	)	870
Property, plant and equipment, net	—	—	1,006	2,634	—		3,640
Deferred income taxes	—	—	195	66	(25	)	236
Other assets	—	280	149	228	(361	)	296
Goodwill	—	—	314	408	—		722
Intangible assets, net	—	—	50	75	—		125
Total assets	2,646	5,011	6,253	6,265	(11,783	)	8,392
LIABILITIES AND EQUITY
Current Liabilities
Short-term borrowings and current installments of long-term debt - third party and affiliates	—	40	136	178	(238	)	116
Trade payables - third party and affiliates	—	—	235	519	(180	)	574
Other liabilities	1	66	199	319	(305	)	280
Deferred income taxes	—	—	—	—	—		—
Income taxes payable	—	—	562	120	(557	)	125
Total current liabilities	1	106	1,132	1,136	(1,280	)	1,095
Noncurrent Liabilities
Long-term debt	—	2,268	403	185	(369	)	2,487
Deferred income taxes	—	22	—	119	(25	)	116
Uncertain tax positions	—	8	30	138	—		176
Benefit obligations	—	—	940	236	—		1,176
Other liabilities	—	—	91	153	—		244
Total noncurrent liabilities	—	2,298	1,464	831	(394	)	4,199
Total Celanese Corporation stockholders' equity	2,645	2,607	3,657	3,845	(10,109	)	2,645
Noncontrolling interests	—	—	—	453	—		453
Total equity	2,645	2,607	3,657	4,298	(10,109	)	3,098
Total liabilities and equity	2,646	5,011	6,253	6,265	(11,783	)	8,392

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED CONSOLIDATING BALANCE SHEET

	As of December 31, 2015
	Parent Guarantor	Issuer	Subsidiary Guarantors	Non- Guarantors	Eliminations		Consolidated
	(In $ millions)
ASSETS
Current Assets
Cash and cash equivalents	—	—	21	946	—		967
Trade receivables - third party and affiliates	—	—	132	722	(148	)	706
Non-trade receivables, net	37	580	298	522	(1,152	)	285
Inventories, net	—	—	258	474	(50	)	682
Deferred income taxes	—	—	19	68	(19	)	68
Marketable securities, at fair value	—	—	30	—	—		30
Other assets	—	12	28	40	(31	)	49
Total current assets	37	592	786	2,772	(1,400	)	2,787
Investments in affiliates	2,341	3,947	3,909	738	(10,097	)	838
Property, plant and equipment, net	—	—	1,001	2,608	—		3,609
Deferred income taxes	—	2	178	42	—		222
Other assets	—	418	151	227	(496	)	300
Goodwill	—	—	314	391	—		705
Intangible assets, net	—	—	51	74	—		125
Total assets	2,378	4,959	6,390	6,852	(11,993	)	8,586
LIABILITIES AND EQUITY
Current Liabilities
Short-term borrowings and current installments of long-term debt - third party and affiliates	—	479	181	213	(360	)	513
Trade payables - third party and affiliates	—	—	240	495	(148	)	587
Other liabilities	—	28	281	283	(262	)	330
Deferred income taxes	—	26	—	23	(19	)	30
Income taxes payable	—	—	537	116	(563	)	90
Total current liabilities	—	533	1,239	1,130	(1,352	)	1,550
Noncurrent Liabilities
Long-term debt	—	2,078	706	187	(503	)	2,468
Deferred income taxes	—	—	—	136	—		136
Uncertain tax positions	—	7	29	131	—		167
Benefit obligations	—	—	960	229	—		1,189
Other liabilities	—	—	93	155	(1	)	247
Total noncurrent liabilities	—	2,085	1,788	838	(504	)	4,207
Total Celanese Corporation stockholders' equity	2,378	2,341	3,363	4,433	(10,137	)	2,378
Noncontrolling interests	—	—	—	451	—		451
Total equity	2,378	2,341	3,363	4,884	(10,137	)	2,829
Total liabilities and equity	2,378	4,959	6,390	6,852	(11,993	)	8,586

Schedule of Consolidating Statement of Cash Flows

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED INTERIM CONSOLIDATING STATEMENT OF CASH FLOWS

	Three Months Ended March 31, 2016
	Parent Guarantor		Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net cash provided by (used in) operating activities	44		47		(1	)	309		(112	)	287
Investing Activities
Capital expenditures on property, plant and equipment	—		—		(38	)	(32	)	—		(70	)
Acquisitions, net of cash acquired	—		—		—		—		—		—
Proceeds from sale of businesses and assets, net	—		—		—		—		—		—
Capital expenditures related to Fairway Methanol LLC	—		—		—		—		—		—
Return of capital from subsidiary	—		136		734		—		(870	)	—
Contributions to subsidiary	—		—		—		—		—		—
Intercompany loan receipts (disbursements)	—		138		3		90		(231	)	—
Other, net	—		—		(3	)	(2	)	—		(5	)
Net cash provided by (used in) investing activities	—		274		696		56		(1,101	)	(75	)
Financing Activities
Net change in short-term borrowings with maturities of 3 months or less	—		(353	)	6		—		3		(344	)
Proceeds from short-term borrowings	—		—		—		8		—		8
Repayments of short-term borrowings	—		—		—		(63	)	—		(63	)
Proceeds from long-term debt	—		250		325		—		(405	)	170
Repayments of long-term debt	—		(172	)	(634	)	(4	)	633		(177	)
Purchases of treasury stock, including related fees	—		—		—		—		—		—
Dividends to parent	—		(44	)	(68	)	—		112		—
Contributions from parent	—		—		—		—		—		—
Stock option exercises	1		—		—		—		—		1
Series A common stock dividends	(44	)	—		—		—		—		(44	)
Return of capital to parent	—		—		—		(870	)	870		—
Contributions from noncontrolling interests	—		—		—		—		—		—
Other, net	—		(2	)	—		(22	)	—		(24	)
Net cash provided by (used in) financing activities	(43	)	(321	)	(371	)	(951	)	1,213		(473	)
Exchange rate effects on cash and cash equivalents	—		—		—		10		—		10
Net increase (decrease) in cash and cash equivalents	1		—		324		(576	)	—		(251	)
Cash and cash equivalents as of beginning of period	—		—		21		946		—		967
Cash and cash equivalents as of end of period	1		—		345		370		—		716

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED INTERIM CONSOLIDATING STATEMENT OF CASH FLOWS

	Three Months Ended March 31, 2015
	Parent Guarantor		Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net cash provided by (used in) operating activities	38		18		79		211		(76	)	270
Investing Activities
Capital expenditures on property, plant and equipment	—		—		(39	)	(25	)	—		(64	)
Acquisitions, net of cash acquired	—		—		—		—		—		—
Proceeds from sale of businesses and assets, net	—		—		—		—		—		—
Capital expenditures related to Fairway Methanol LLC	—		—		(5	)	(93	)	—		(98	)
Return of capital from subsidiary	—		—		—		—		—		—
Contributions to subsidiary	—		—		(16	)	—		16		—
Intercompany loan receipts (disbursements)	—		1		(21	)	—		20		—
Other, net	—		—		(9	)	(2	)	—		(11	)
Net cash provided by (used in) investing activities	—		1		(90	)	(120	)	36		(173	)
Financing Activities
Net change in short-term borrowings with maturities of 3 months or less	—		21		5		(1	)	(21	)	4
Proceeds from short-term borrowings	—		—		—		16		—		16
Repayments of short-term borrowings	—		—		—		(29	)	—		(29	)
Proceeds from long-term debt	—		—		—		—		—		—
Repayments of long-term debt	—		(2	)	(1	)	(4	)	1		(6	)
Purchases of treasury stock, including related fees	—		—		—		—		—		—
Dividends to parent	—		(38	)	(38	)	—		76		—
Contributions from parent	—		—		—		16		(16	)	—
Stock option exercises	—		—		—		—		—		—
Series A common stock dividends	(38	)	—		—		—		—		(38	)
Return of capital to parent	—		—		—		—		—		—
Contributions from noncontrolling interests	—		—		—		80		—		80
Other, net	—		—		(9	)	(1	)	—		(10	)
Net cash provided by (used in) financing activities	(38	)	(19	)	(43	)	77		40		17
Exchange rate effects on cash and cash equivalents	—		—		—		(43	)	—		(43	)
Net increase (decrease) in cash and cash equivalents	—		—		(54	)	125		—		71
Cash and cash equivalents as of beginning of period	—		—		110		670		—		780
Cash and cash equivalents as of end of period	—		—		56		795		—		851