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Unaudited Interim Consolidated Statement of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Net sales $ 1,323 $ 1,413 $ 4,078 $ 4,340
Cost of sales (968) (1,110) (2,995) (3,281)
Gross profit 355 303 1,083 1,059
Selling, general and administrative expenses (81) (93) (232) (297)
Amortization of intangible assets (3) (3) (7) (9)
Research and development expenses (20) (19) (58) (98)
Other (charges) gains, net (3) (4) (12) (19)
Foreign exchange gain (loss), net (1) 3 1 3
Gain (loss) on disposition of businesses and assets, net (1) (1) 1 (8)
Operating profit (loss) 246 186 776 631
Equity in net earnings (loss) of affiliates 41 50 114 138
Interest expense (28) (29) (91) (86)
Refinancing expense (4) 0 (6) 0
Interest income 0 0 1 1
Dividend income - cost investments 26 26 82 80
Other income (expense), net 0 (8) (2) (6)
Earnings (loss) from continuing operations before tax 281 225 874 758
Income tax (provision) benefit (15) (74) (127) (170)
Earnings (loss) from continuing operations 266 151 747 588
Earnings (loss) from operation of discontinued operations (4) 0 (3) (3)
Income tax (provision) benefit from discontinued operations 1 0 1 1
Earnings (loss) from discontinued operations (3) 0 (2) (2)
Net earnings (loss) 263 151 745 586
Net (earnings) loss attributable to noncontrolling interests (1) 10 (5) 16
Net earnings (loss) attributable to Celanese Corporation 262 161 740 602
Amounts attributable to Celanese Corporation        
Earnings (loss) from continuing operations 265 161 742 604
Earnings (loss) from discontinued operations (3) 0 (2) (2)
Net earnings (loss) $ 262 $ 161 $ 740 $ 602
Earnings (loss) per common share - basic        
Continuing operations $ 1.84 $ 1.07 $ 5.08 $ 3.97
Discontinued operations (0.02) 0.00 (0.01) (0.01)
Net earnings (loss) - basic 1.82 1.07 5.07 3.96
Earnings (loss) per common share - diluted        
Continuing operations 1.83 1.07 5.06 3.93
Discontinued operations (0.02) 0.00 (0.01) (0.01)
Net earnings (loss) - diluted $ 1.81 $ 1.07 $ 5.05 $ 3.92
Weighted average shares - basic 144,005,098 149,800,029 145,959,821 152,153,057
Weighted average shares - diluted 144,601,465 151,004,081 146,585,560 153,420,449