XML 23 R2.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Net sales $ 5,389 $ 5,674 $ 6,802
Cost of sales (3,984) (4,356) (5,186)
Gross profit 1,405 1,318 1,616
Selling, general and administrative expenses (416) (506) (758)
Amortization of intangible assets (9) (11) (20)
Research and development expenses (78) (119) (86)
Other (charges) gains, net (11) (351) 15
Foreign exchange gain (loss), net (1) 4 (2)
Gain (loss) on disposition of businesses and assets, net 3 (9) (7)
Operating profit (loss) 893 326 758
Equity in net earnings (loss) of affiliates 155 181 246
Interest expense (120) (119) (147)
Refinancing expense (6) 0 (29)
Interest income 2 1 1
Dividend income - cost investments 108 107 116
Other income (expense), net (2) (8) (4)
Earnings (loss) from continuing operations before tax 1,030 488 941
Income tax (provision) benefit (122) (201) (314)
Earnings (loss) from continuing operations 908 287 627
Earnings (loss) from operation of discontinued operations (3) (3) (11)
Gain (loss) on disposition of discontinued operations 0 0 0
Income tax (provision) benefit from discontinued operations 1 1 4
Earnings (loss) from discontinued operations (2) (2) (7)
Net earnings (loss) 906 285 620
Net (earnings) loss attributable to noncontrolling interests (6) 19 4
Net earnings (loss) attributable to Celanese Corporation 900 304 624
Amounts attributable to Celanese Corporation      
Earnings (loss) from continuing operations 902 306 631
Earnings (loss) from discontinued operations (2) (2) (7)
Net earnings (loss) $ 900 $ 304 $ 624
Earnings (loss) per common share - basic      
Continuing operations $ 6.22 $ 2.03 $ 4.07
Discontinued operations (0.01) (0.01) (0.04)
Net earnings (loss) - basic 6.21 2.02 4.03
Earnings (loss) per common share - diluted      
Continuing operations 6.19 2.01 4.04
Discontinued operations (0.01) (0.01) (0.04)
Net earnings (loss) - diluted $ 6.18 $ 2.00 $ 4.00
Weighted average shares - basic 144,939,433 150,838,050 155,012,370
Weighted average shares - diluted 145,668,181 152,287,955 156,166,993