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Unaudited Interim Consolidated Statement of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Net sales $ 1,510 $ 1,351 $ 2,981 $ 2,755
Cost of sales (1,143) (1,013) (2,262) (2,027)
Gross profit 367 338 719 728
Selling, general and administrative expenses (96) (71) (179) (151)
Amortization of intangible assets (5) (2) (9) (4)
Research and development expenses (17) (19) (34) (38)
Other (charges) gains, net (3) (4) (58) (9)
Foreign exchange gain (loss), net (4) (1) (4) 2
Gain (loss) on disposition of businesses and assets, net (2) 2 (3) 2
Operating profit (loss) 240 243 432 530
Equity in net earnings (loss) of affiliates 38 35 85 73
Interest expense (30) (30) (59) (63)
Refinancing expense 0 0 0 (2)
Interest income 1 0 1 1
Dividend income - cost investments 29 29 58 56
Other income (expense), net 3 (2) 4 (2)
Earnings (loss) from continuing operations before tax 281 275 521 593
Income tax (provision) benefit (40) (52) (96) (112)
Earnings (loss) from continuing operations 241 223 425 481
Earnings (loss) from operation of discontinued operations (9) 0 (9) 1
Income tax (provision) benefit from discontinued operations 1 0 1 0
Earnings (loss) from discontinued operations (8) 0 (8) 1
Net earnings (loss) 233 223 417 482
Net (earnings) loss attributable to noncontrolling interests (2) (2) (3) (4)
Net earnings (loss) attributable to Celanese Corporation 231 221 414 478
Amounts attributable to Celanese Corporation        
Earnings (loss) from continuing operations 239 221 422 477
Earnings (loss) from discontinued operations (8) 0 (8) 1
Net earnings (loss) $ 231 $ 221 $ 414 $ 478
Earnings (loss) per common share - basic        
Continuing operations $ 1.73 $ 1.51 $ 3.02 $ 3.25
Discontinued operations (0.06) 0.00 (0.05) 0.00
Net earnings (loss) - basic 1.67 1.51 2.97 3.25
Earnings (loss) per common share - diluted        
Continuing operations 1.72 1.50 3.01 3.24
Discontinued operations (0.06) 0.00 (0.05) 0.00
Net earnings (loss) - diluted $ 1.66 $ 1.50 $ 2.96 $ 3.24
Weighted average shares - basic 138,619,721 146,482,612 139,626,199 146,947,923
Weighted average shares - diluted 139,029,425 147,065,688 140,022,556 147,592,531