Consolidating Guarantor Financial Information (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2016
	Parent Guarantor	Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net sales	—	—		544		1,052		(273	)	1,323
Cost of sales	—	—		(414	)	(824	)	270		(968	)
Gross profit	—	—		130		228		(3	)	355
Selling, general and administrative expenses	—	—		(19	)	(62	)	—		(81	)
Amortization of intangible assets	—	—		(1	)	(2	)	—		(3	)
Research and development expenses	—	—		(8	)	(12	)	—		(20	)
Other (charges) gains, net	—	—		—		(3	)	—		(3	)
Foreign exchange gain (loss), net	—	—		—		(1	)	—		(1	)
Gain (loss) on disposition of businesses and assets, net	—	—		(3	)	2		—		(1	)
Operating profit (loss)	—	—		99		150		(3	)	246
Equity in net earnings (loss) of affiliates	262	250		169		36		(676	)	41
Interest expense	—	(5	)	(20	)	(7	)	4		(28	)
Refinancing expense	—	(4	)	—		—		—		(4	)
Interest income	—	3		—		1		(4	)	—
Dividend income - cost investments	—	—		—		26		—		26
Other income (expense), net	—	—		1		(1	)	—		—
Earnings (loss) from continuing operations before tax	262	244		249		205		(679	)	281
Income tax (provision) benefit	—	18		(23	)	(11	)	1		(15	)
Earnings (loss) from continuing operations	262	262		226		194		(678	)	266
Earnings (loss) from operation of discontinued operations	—	—		(2	)	(2	)	—		(4	)
Income tax (provision) benefit from discontinued operations	—	—		—		1		—		1
Earnings (loss) from discontinued operations	—	—		(2	)	(1	)	—		(3	)
Net earnings (loss)	262	262		224		193		(678	)	263
Net (earnings) loss attributable to noncontrolling interests	—	—		—		(1	)	—		(1	)
Net earnings (loss) attributable to Celanese Corporation	262	262		224		192		(678	)	262

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

	Nine Months Ended September 30, 2016
	Parent Guarantor	Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net sales	—	—		1,663		3,264		(849	)	4,078
Cost of sales	—	—		(1,270	)	(2,580	)	855		(2,995	)
Gross profit	—	—		393		684		6		1,083
Selling, general and administrative expenses	—	—		(41	)	(191	)	—		(232	)
Amortization of intangible assets	—	—		(3	)	(4	)	—		(7	)
Research and development expenses	—	—		(24	)	(34	)	—		(58	)
Other (charges) gains, net	—	—		(1	)	(11	)	—		(12	)
Foreign exchange gain (loss), net	—	—		—		1		—		1
Gain (loss) on disposition of businesses and assets, net	—	—		(6	)	7		—		1
Operating profit (loss)	—	—		318		452		6		776
Equity in net earnings (loss) of affiliates	740	742		472		107		(1,947	)	114
Interest expense	—	(11	)	(71	)	(21	)	12		(91	)
Refinancing expense	—	(4	)	(2	)	—		—		(6	)
Interest income	—	7		2		4		(12	)	1
Dividend income - cost investments	—	—		—		82		—		82
Other income (expense), net	—	(1	)	1		(2	)	—		(2	)
Earnings (loss) from continuing operations before tax	740	733		720		622		(1,941	)	874
Income tax (provision) benefit	—	7		(63	)	(70	)	(1	)	(127	)
Earnings (loss) from continuing operations	740	740		657		552		(1,942	)	747
Earnings (loss) from operation of discontinued operations	—	—		(2	)	(1	)	—		(3	)
Income tax (provision) benefit from discontinued operations	—	—		—		1		—		1
Earnings (loss) from discontinued operations	—	—		(2	)	—		—		(2	)
Net earnings (loss)	740	740		655		552		(1,942	)	745
Net (earnings) loss attributable to noncontrolling interests	—	—		—		(5	)	—		(5	)
Net earnings (loss) attributable to Celanese Corporation	740	740		655		547		(1,942	)	740

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

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, 2016
	Parent Guarantor		Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net earnings (loss)	262		262		224		193		(678	)	263
Other comprehensive income (loss), net of tax
Unrealized gain (loss) on marketable securities	(1	)	(1	)	—		(1	)	2		(1	)
Foreign currency translation	(8	)	(8	)	(8	)	(4	)	20		(8	)
Gain (loss) on cash flow hedges	—		—		—		—		—		—
Pension and postretirement benefits	—		—		—		—		—		—
Total other comprehensive income (loss), net of tax	(9	)	(9	)	(8	)	(5	)	22		(9	)
Total comprehensive income (loss), net of tax	253		253		216		188		(656	)	254
Comprehensive (income) loss attributable to noncontrolling interests	—		—		—		(1	)	—		(1	)
Comprehensive income (loss) attributable to Celanese Corporation	253		253		216		187		(656	)	253

	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

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED INTERIM CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

	Nine Months Ended September 30, 2016
	Parent Guarantor		Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net earnings (loss)	740		740		655		552		(1,942	)	745
Other comprehensive income (loss), net of tax
Unrealized gain (loss) on marketable securities	—		—		—		—		—		—
Foreign currency translation	38		38		28		54		(120	)	38
Gain (loss) on cash flow hedges	1		1		1		1		(3	)	1
Pension and postretirement benefits	(1	)	(1	)	(1	)	1		1		(1	)
Total other comprehensive income (loss), net of tax	38		38		28		56		(122	)	38
Total comprehensive income (loss), net of tax	778		778		683		608		(2,064	)	783
Comprehensive (income) loss attributable to noncontrolling interests	—		—		—		(5	)	—		(5	)
Comprehensive income (loss) attributable to Celanese Corporation	778		778		683		603		(2,064	)	778

	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

Schedule of Consolidating Balance Sheet

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED CONSOLIDATING BALANCE SHEET

	As of September 30, 2016
	Parent Guarantor	Issuer	Subsidiary Guarantors	Non- Guarantors	Eliminations		Consolidated
	(In $ millions)
ASSETS
Current Assets
Cash and cash equivalents	—	2	652	598	—		1,252
Trade receivables - third party and affiliates	—	—	122	808	(139	)	791
Non-trade receivables, net	38	545	233	307	(909	)	214
Inventories, net	—	—	228	469	(45	)	652
Deferred income taxes	—	—	—	—	—		—
Marketable securities, at fair value	—	—	34	—	—		34
Other assets	—	13	15	40	(33	)	35
Total current assets	38	560	1,284	2,222	(1,126	)	2,978
Investments in affiliates	2,672	4,181	3,689	764	(10,442	)	864
Property, plant and equipment, net	—	—	1,025	2,553	—		3,578
Deferred income taxes	—	—	153	65	(2	)	216
Other assets	—	705	144	229	(788	)	290
Goodwill	—	—	314	398	—		712
Intangible assets, net	—	—	49	70	—		119
Total assets	2,710	5,446	6,658	6,301	(12,358	)	8,757
LIABILITIES AND EQUITY
Current Liabilities
Short-term borrowings and current installments of long-term debt - third party and affiliates	—	—	136	210	(254	)	92
Trade payables - third party and affiliates	—	1	254	475	(139	)	591
Other liabilities	—	29	174	222	(126	)	299
Deferred income taxes	—	—	—	—	—		—
Income taxes payable	—	—	574	103	(561	)	116
Total current liabilities	—	30	1,138	1,010	(1,080	)	1,098
Noncurrent Liabilities
Long-term debt	—	2,717	822	172	(788	)	2,923
Deferred income taxes	—	27	—	114	(2	)	139
Uncertain tax positions	—	—	—	111	(10	)	101
Benefit obligations	—	—	900	224	—		1,124
Other liabilities	—	—	76	145	—		221
Total noncurrent liabilities	—	2,744	1,798	766	(800	)	4,508
Total Celanese Corporation stockholders' equity	2,710	2,672	3,722	4,084	(10,478	)	2,710
Noncontrolling interests	—	—	—	441	—		441
Total equity	2,710	2,672	3,722	4,525	(10,478	)	3,151
Total liabilities and equity	2,710	5,446	6,658	6,301	(12,358	)	8,757

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

	Nine Months Ended September 30, 2016
	Parent Guarantor		Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net cash provided by (used in) operating activities	447		437		299		602		(845	)	940
Investing Activities
Capital expenditures on property, plant and equipment	—		—		(100	)	(86	)	—		(186	)
Acquisitions, net of cash acquired	—		—		—		—		—		—
Proceeds from sale of businesses and assets, net	—		—		1		7		—		8
Capital expenditures related to Fairway Methanol LLC	—		—		—		—		—		—
Return of capital from subsidiary	—		145		750		—		(895	)	—
Contributions to subsidiary	—		—		—		—		—		—
Intercompany loan receipts (disbursements)	—		(283	)	(9	)	90		202		—
Other, net	—		—		(9	)	(5	)	—		(14	)
Net cash provided by (used in) investing activities	—		(138	)	633		6		(693	)	(192	)
Financing Activities
Net change in short-term borrowings with maturities of 3 months or less	—		(344	)	6		—		(9	)	(347	)
Proceeds from short-term borrowings	—		—		—		39		—		39
Repayments of short-term borrowings	—		—		—		(76	)	—		(76	)
Proceeds from long-term debt	—		1,589		746		—		(826	)	1,509
Repayments of long-term debt	—		(1,082	)	(635	)	(11	)	633		(1,095	)
Purchases of treasury stock, including related fees	(300	)	—		—		—		—		(300	)
Dividends to parent	—		(447	)	(398	)	—		845		—
Contributions from parent	—		—		—		—		—		—
Stock option exercises	3		—		—		—		—		3
Series A common stock dividends	(150	)	—		—		—		—		(150	)
Return of capital to parent	—		—		—		(895	)	895		—
(Distributions to) contributions from noncontrolling interests	—		—		—		(15	)	—		(15	)
Other, net	—		(13	)	(20	)	(2	)	—		(35	)
Net cash provided by (used in) financing activities	(447	)	(297	)	(301	)	(960	)	1,538		(467	)
Exchange rate effects on cash and cash equivalents	—		—		—		4		—		4
Net increase (decrease) in cash and cash equivalents	—		2		631		(348	)	—		285
Cash and cash equivalents as of beginning of period	—		—		21		946		—		967
Cash and cash equivalents as of end of period	—		2		652		598		—		1,252

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	—		—		—		—		—		—
(Distributions to) 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