XML 15 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Unaudited Interim Consolidated Statement of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Net sales $ 1,351 $ 1,477 $ 2,755 $ 2,927
Cost of sales (1,013) (1,102) (2,027) (2,171)
Gross profit 338 375 728 756
Selling, general and administrative expenses (71) (106) (151) (204)
Amortization of intangible assets (2) (3) (4) (6)
Research and development expenses (19) (59) (38) (79)
Other (charges) gains, net (4) (10) (9) (15)
Foreign exchange gain (loss), net (1) (3) 2 0
Gain (loss) on disposition of businesses and assets, net 2 (6) 2 (7)
Operating profit (loss) 243 188 530 445
Equity in net earnings (loss) of affiliates 35 40 73 88
Interest expense (30) (30) (63) (57)
Refinancing expense 0 0 (2) 0
Interest income 0 1 1 1
Dividend income - cost investments 29 26 56 54
Other income (expense), net (2) 2 (2) 2
Earnings (loss) from continuing operations before tax 275 227 593 533
Income tax (provision) benefit (52) (24) (112) (96)
Earnings (loss) from continuing operations 223 203 481 437
Earnings (loss) from operation of discontinued operations 0 (3) 1 (3)
Income tax (provision) benefit from discontinued operations 0 1 0 1
Earnings (loss) from discontinued operations 0 (2) 1 (2)
Net earnings (loss) 223 201 482 435
Net (earnings) loss attributable to noncontrolling interests (2) 4 (4) 6
Net earnings (loss) attributable to Celanese Corporation 221 205 478 441
Amounts attributable to Celanese Corporation        
Earnings (loss) from continuing operations 221 207 477 443
Earnings (loss) from discontinued operations 0 (2) 1 (2)
Net earnings (loss) $ 221 $ 205 $ 478 $ 441
Earnings (loss) per common share - basic        
Continuing operations $ 1.51 $ 1.35 $ 3.25 $ 2.89
Discontinued operations 0.00 (0.01) 0.00 (0.01)
Net earnings (loss) - basic 1.51 1.34 3.25 2.88
Earnings (loss) per common share - diluted        
Continuing operations 1.50 1.34 3.24 2.87
Discontinued operations 0.00 (0.01) 0.00 (0.01)
Net earnings (loss) - diluted $ 1.50 $ 1.33 $ 3.24 $ 2.86
Weighted average shares - basic 146,482,612 153,480,175 146,947,923 153,349,071
Weighted average shares - diluted 147,065,688 153,990,933 147,592,531 153,945,466