Consolidating Guarantor Financial Information (Tables)

6 Months Ended

Jun. 30, 2017

Consolidating Guarantor Financial Information [Abstract]

Schedule of Consolidating Statement of Operations

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED INTERIM CONSOLIDATING STATEMENT OF OPERATIONS

	Three Months Ended June 30, 2017
	Parent Guarantor	Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net sales	—	—		563		1,222		(275	)	1,510
Cost of sales	—	—		(457	)	(966	)	280		(1,143	)
Gross profit	—	—		106		256		5		367
Selling, general and administrative expenses	—	—		(26	)	(70	)	—		(96	)
Amortization of intangible assets	—	—		(1	)	(4	)	—		(5	)
Research and development expenses	—	—		(7	)	(10	)	—		(17	)
Other (charges) gains, net	—	—		(1	)	(2	)	—		(3	)
Foreign exchange gain (loss), net	—	—		—		(4	)	—		(4	)
Gain (loss) on disposition of businesses and assets, net	—	—		(2	)	—		—		(2	)
Operating profit (loss)	—	—		69		166		5		240
Equity in net earnings (loss) of affiliates	231	233		163		34		(623	)	38
Interest expense	—	(6	)	(24	)	(8	)	8		(30	)
Refinancing expense	—	—		—		—		—		—
Interest income	—	6		1		2		(8	)	1
Dividend income - cost investments	—	—		—		30		(1	)	29
Other income (expense), net	—	(1	)	1		3		—		3
Earnings (loss) from continuing operations before tax	231	232		210		227		(619	)	281
Income tax (provision) benefit	—	(1	)	(8	)	(34	)	3		(40	)
Earnings (loss) from continuing operations	231	231		202		193		(616	)	241
Earnings (loss) from operation of discontinued operations	—	—		—		(9	)	—		(9	)
Income tax (provision) benefit from discontinued operations	—	—		—		1		—		1
Earnings (loss) from discontinued operations	—	—		—		(8	)	—		(8	)
Net earnings (loss)	231	231		202		185		(616	)	233
Net (earnings) loss attributable to noncontrolling interests	—	—		—		(2	)	—		(2	)
Net earnings (loss) attributable to Celanese Corporation	231	231		202		183		(616	)	231

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED INTERIM CONSOLIDATING STATEMENT OF OPERATIONS

	Three Months Ended June 30, 2016
	Parent Guarantor	Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net sales	—	—		536		1,073		(258	)	1,351
Cost of sales	—	—		(415	)	(865	)	267		(1,013	)
Gross profit	—	—		121		208		9		338
Selling, general and administrative expenses	—	—		(5	)	(66	)	—		(71	)
Amortization of intangible assets	—	—		(1	)	(1	)	—		(2	)
Research and development expenses	—	—		(8	)	(11	)	—		(19	)
Other (charges) gains, net	—	—		(1	)	(3	)	—		(4	)
Foreign exchange gain (loss), net	—	—		—		(1	)	—		(1	)
Gain (loss) on disposition of businesses and assets, net	—	—		(2	)	4		—		2
Operating profit (loss)	—	—		104		130		9		243
Equity in net earnings (loss) of affiliates	222	218		130		34		(569	)	35
Interest expense	—	9		(36	)	(6	)	3		(30	)
Refinancing expense	—	—		—		—		—		—
Interest income	—	2		1		1		(4	)	—
Dividend income - cost investments	—	—		—		29		—		29
Other income (expense), net	—	(1	)	—		(1	)	—		(2	)
Earnings (loss) from continuing operations before tax	222	228		199		187		(561	)	275
Income tax (provision) benefit	—	(6	)	(10	)	(34	)	(2	)	(52	)
Earnings (loss) from continuing operations	222	222		189		153		(563	)	223
Earnings (loss) from operation of discontinued operations	—	—		—		—		—		—
Income tax (provision) benefit from discontinued operations	—	—		—		—		—		—
Earnings (loss) from discontinued operations	—	—		—		—		—		—
Net earnings (loss)	222	222		189		153		(563	)	223
Net (earnings) loss attributable to noncontrolling interests	—	—		—		(2	)	—		(2	)
Net earnings (loss) attributable to Celanese Corporation	222	222		189		151		(563	)	221

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED INTERIM CONSOLIDATING STATEMENT OF OPERATIONS

	Six Months Ended June 30, 2017
	Parent Guarantor	Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net sales	—	—		1,152		2,399		(570	)	2,981
Cost of sales	—	—		(900	)	(1,932	)	570		(2,262	)
Gross profit	—	—		252		467		—		719
Selling, general and administrative expenses	—	—		(42	)	(137	)	—		(179	)
Amortization of intangible assets	—	—		(2	)	(7	)	—		(9	)
Research and development expenses	—	—		(14	)	(20	)	—		(34	)
Other (charges) gains, net	—	—		(7	)	(51	)	—		(58	)
Foreign exchange gain (loss), net	—	—		—		(4	)	—		(4	)
Gain (loss) on disposition of businesses and assets, net	—	—		(4	)	1		—		(3	)
Operating profit (loss)	—	—		183		249		—		432
Equity in net earnings (loss) of affiliates	414	407		264		77		(1,077	)	85
Interest expense	—	(12	)	(47	)	(15	)	15		(59	)
Refinancing expense	—	—		—		—		—		—
Interest income	—	12		2		2		(15	)	1
Dividend income - cost investments	—	—		—		59		(1	)	58
Other income (expense), net	—	(1	)	1		4		—		4
Earnings (loss) from continuing operations before tax	414	406		403		376		(1,078	)	521
Income tax (provision) benefit	—	8		(71	)	(33	)	—		(96	)
Earnings (loss) from continuing operations	414	414		332		343		(1,078	)	425
Earnings (loss) from operation of discontinued operations	—	—		—		(9	)	—		(9	)
Income tax (provision) benefit from discontinued operations	—	—		—		1		—		1
Earnings (loss) from discontinued operations	—	—		—		(8	)	—		(8	)
Net earnings (loss)	414	414		332		335		(1,078	)	417
Net (earnings) loss attributable to noncontrolling interests	—	—		—		(3	)	—		(3	)
Net earnings (loss) attributable to Celanese Corporation	414	414		332		332		(1,078	)	414

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED INTERIM CONSOLIDATING STATEMENT OF OPERATIONS

	Six Months Ended June 30, 2016
	Parent Guarantor	Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net sales	—	—		1,119		2,212		(576	)	2,755
Cost of sales	—	—		(856	)	(1,756	)	585		(2,027	)
Gross profit	—	—		263		456		9		728
Selling, general and administrative expenses	—	—		(22	)	(129	)	—		(151	)
Amortization of intangible assets	—	—		(2	)	(2	)	—		(4	)
Research and development expenses	—	—		(16	)	(22	)	—		(38	)
Other (charges) gains, net	—	—		(1	)	(8	)	—		(9	)
Foreign exchange gain (loss), net	—	—		—		2		—		2
Gain (loss) on disposition of businesses and assets, net	—	—		(3	)	5		—		2
Operating profit (loss)	—	—		219		302		9		530
Equity in net earnings (loss) of affiliates	478	492		303		71		(1,271	)	73
Interest expense	—	(6	)	(51	)	(14	)	8		(63	)
Refinancing expense	—	—		(2	)	—		—		(2	)
Interest income	—	4		2		3		(8	)	1
Dividend income - cost investments	—	—		—		56		—		56
Other income (expense), net	—	(1	)	—		(1	)	—		(2	)
Earnings (loss) from continuing operations before tax	478	489		471		417		(1,262	)	593
Income tax (provision) benefit	—	(11	)	(40	)	(59	)	(2	)	(112	)
Earnings (loss) from continuing operations	478	478		431		358		(1,264	)	481
Earnings (loss) from operation of discontinued operations	—	—		—		1		—		1
Income tax (provision) benefit from discontinued operations	—	—		—		—		—		—
Earnings (loss) from discontinued operations	—	—		—		1		—		1
Net earnings (loss)	478	478		431		359		(1,264	)	482
Net (earnings) loss attributable to noncontrolling interests	—	—		—		(4	)	—		(4	)
Net earnings (loss) attributable to Celanese Corporation	478	478		431		355		(1,264	)	478

Schedule of Consolidating Statements of Comprehensive Income (Loss)

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED INTERIM CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

	Three Months Ended June 30, 2017
	Parent Guarantor	Issuer	Subsidiary Guarantors	Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net earnings (loss)	231	231	202	185		(616	)	233
Other comprehensive income (loss), net of tax
Unrealized gain (loss) on marketable securities	1	1	1	1		(3	)	1
Foreign currency translation	78	78	96	119		(293	)	78
Gain (loss) on cash flow hedges	1	1	1	1		(3	)	1
Pension and postretirement benefits	—	—	—	—		—		—
Total other comprehensive income (loss), net of tax	80	80	98	121		(299	)	80
Total comprehensive income (loss), net of tax	311	311	300	306		(915	)	313
Comprehensive (income) loss attributable to noncontrolling interests	—	—	—	(2	)	—		(2	)
Comprehensive income (loss) attributable to Celanese Corporation	311	311	300	304		(915	)	311

	Three Months Ended June 30, 2016
	Parent Guarantor		Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net earnings (loss)	222		222		189		153		(563	)	223
Other comprehensive income (loss), net of tax
Unrealized gain (loss) on marketable securities	—		—		—		—		—		—
Foreign currency translation	(18	)	(18	)	(18	)	(24	)	60		(18	)
Gain (loss) on cash flow hedges	1		1		1		1		(3	)	1
Pension and postretirement benefits	(1	)	(1	)	(1	)	—		2		(1	)
Total other comprehensive income (loss), net of tax	(18	)	(18	)	(18	)	(23	)	59		(18	)
Total comprehensive income (loss), net of tax	204		204		171		130		(504	)	205
Comprehensive (income) loss attributable to noncontrolling interests	—		—		—		(2	)	—		(2	)
Comprehensive income (loss) attributable to Celanese Corporation	204		204		171		128		(504	)	203

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED INTERIM CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

	Six Months Ended June 30, 2017
	Parent Guarantor		Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net earnings (loss)	414		414		332		335		(1,078	)	417
Other comprehensive income (loss), net of tax
Unrealized gain (loss) on marketable securities	1		1		1		1		(3	)	1
Foreign currency translation	106		106		126		158		(390	)	106
Gain (loss) on cash flow hedges	(1	)	(1	)	(1	)	(1	)	3		(1	)
Pension and postretirement benefits	5		5		4		6		(15	)	5
Total other comprehensive income (loss), net of tax	111		111		130		164		(405	)	111
Total comprehensive income (loss), net of tax	525		525		462		499		(1,483	)	528
Comprehensive (income) loss attributable to noncontrolling interests	—		—		—		(3	)	—		(3	)
Comprehensive income (loss) attributable to Celanese Corporation	525		525		462		496		(1,483	)	525

	Six Months Ended June 30, 2016
	Parent Guarantor		Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net earnings (loss)	478		478		431		359		(1,264	)	482
Other comprehensive income (loss), net of tax
Unrealized gain (loss) on marketable securities	1		1		—		1		(2	)	1
Foreign currency translation	46		46		36		58		(140	)	46
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	47		47		36		61		(144	)	47
Total comprehensive income (loss), net of tax	525		525		467		420		(1,408	)	529
Comprehensive (income) loss attributable to noncontrolling interests	—		—		—		(4	)	—		(4	)
Comprehensive income (loss) attributable to Celanese Corporation	525		525		467		416		(1,408	)	525

Schedule of Consolidating Balance Sheet

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED CONSOLIDATING BALANCE SHEET

	As of June 30, 2017
	Parent Guarantor	Issuer	Subsidiary Guarantors	Non- Guarantors	Eliminations		Consolidated
	(In $ millions)
ASSETS
Current Assets
Cash and cash equivalents	—	3	57	451	—		511
Trade receivables - third party and affiliates	—	—	169	998	(182	)	985
Non-trade receivables, net	40	511	241	378	(943	)	227
Inventories, net	—	—	232	583	(44	)	771
Marketable securities, at fair value	—	—	30	—	—		30
Other assets	—	77	17	111	(146	)	59
Total current assets	40	591	746	2,521	(1,315	)	2,583
Investments in affiliates	2,658	4,273	3,846	776	(10,668	)	885
Property, plant and equipment, net	—	—	1,079	2,584	—		3,663
Deferred income taxes	—	7	78	90	(11	)	164
Other assets	—	778	128	166	(761	)	311
Goodwill	—	—	314	661	—		975
Intangible assets, net	—	—	50	252	—		302
Total assets	2,698	5,649	6,241	7,050	(12,755	)	8,883
LIABILITIES AND EQUITY
Current Liabilities
Short-term borrowings and current installments of long-term debt - third party and affiliates	—	169	137	358	(280	)	384
Trade payables - third party and affiliates	4	—	254	591	(183	)	666
Other liabilities	—	94	208	310	(280	)	332
Income taxes payable	—	—	510	59	(527	)	42
Total current liabilities	4	263	1,109	1,318	(1,270	)	1,424
Noncurrent Liabilities
Long-term debt	—	2,728	800	171	(768	)	2,931
Deferred income taxes	—	—	—	176	(11	)	165
Uncertain tax positions	—	—	3	148	(1	)	150
Benefit obligations	—	—	584	282	—		866
Other liabilities	—	—	62	163	—		225
Total noncurrent liabilities	—	2,728	1,449	940	(780	)	4,337
Total Celanese Corporation stockholders' equity	2,694	2,658	3,683	4,364	(10,705	)	2,694
Noncontrolling interests	—	—	—	428	—		428
Total equity	2,694	2,658	3,683	4,792	(10,705	)	3,122
Total liabilities and equity	2,698	5,649	6,241	7,050	(12,755	)	8,883

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED CONSOLIDATING BALANCE SHEET

	As of December 31, 2016
	Parent Guarantor	Issuer	Subsidiary Guarantors	Non- Guarantors	Eliminations		Consolidated
	(In $ millions)
ASSETS
Current Assets
Cash and cash equivalents	—	—	51	587	—		638
Trade receivables - third party and affiliates	—	—	107	819	(125	)	801
Non-trade receivables, net	40	499	249	308	(873	)	223
Inventories, net	—	—	239	526	(45	)	720
Marketable securities, at fair value	—	—	30	—	—		30
Other assets	—	42	25	76	(83	)	60
Total current assets	40	541	701	2,316	(1,126	)	2,472
Investments in affiliates	2,548	4,029	3,655	752	(10,132	)	852
Property, plant and equipment, net	—	—	1,049	2,528	—		3,577
Deferred income taxes	—	—	91	86	(18	)	159
Other assets	—	705	133	156	(687	)	307
Goodwill	—	—	314	482	—		796
Intangible assets, net	—	—	48	146	—		194
Total assets	2,588	5,275	5,991	6,466	(11,963	)	8,357
LIABILITIES AND EQUITY
Current Liabilities
Short-term borrowings and current installments of long-term debt - third party and affiliates	—	6	133	250	(271	)	118
Trade payables - third party and affiliates	—	—	226	524	(125	)	625
Other liabilities	—	58	167	262	(165	)	322
Income taxes payable	—	—	454	75	(517	)	12
Total current liabilities	—	64	980	1,111	(1,078	)	1,077
Noncurrent Liabilities
Long-term debt	—	2,647	727	210	(694	)	2,890
Deferred income taxes	—	16	—	132	(18	)	130
Uncertain tax positions	—	—	3	130	(2	)	131
Benefit obligations	—	—	636	257	—		893
Other liabilities	—	—	74	142	(1	)	215
Total noncurrent liabilities	—	2,663	1,440	871	(715	)	4,259
Total Celanese Corporation stockholders' equity	2,588	2,548	3,571	4,051	(10,170	)	2,588
Noncontrolling interests	—	—	—	433	—		433
Total equity	2,588	2,548	3,571	4,484	(10,170	)	3,021
Total liabilities and equity	2,588	5,275	5,991	6,466	(11,963	)	8,357

Schedule of Consolidating Statement of Cash Flows

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED INTERIM CONSOLIDATING STATEMENT OF CASH FLOWS

	Six Months Ended June 30, 2017
	Parent Guarantor		Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net cash provided by (used in) operating activities	415		342		351		283		(901	)	490
Investing Activities
Capital expenditures on property, plant and equipment	—		—		(82	)	(34	)	—		(116	)
Acquisitions, net of cash acquired	—		(11	)	(12	)	(264	)	19		(268	)
Proceeds from sale of businesses and assets, net	—		—		—		20		(19	)	1
Return of capital from subsidiary	—		—		9		—		(9	)	—
Contributions to subsidiary	—		—		—		—		—		—
Intercompany loan receipts (disbursements)	—		(74	)	(11	)	—		85		—
Other, net	—		—		(1	)	(5	)	—		(6	)
Net cash provided by (used in) investing activities	—		(85	)	(97	)	(283	)	76		(389	)
Financing Activities
Net change in short-term borrowings with maturities of 3 months or less	—		161		2		50		(11	)	202
Proceeds from short-term borrowings	—		—		—		104		—		104
Repayments of short-term borrowings	—		—		—		(55	)	—		(55	)
Proceeds from long-term debt	—		—		74		—		(74	)	—
Repayments of long-term debt	—		—		(1	)	(57	)	—		(58	)
Purchases of treasury stock, including related fees	(300	)	—		—		—		—		(300	)
Dividends to parent	—		(415	)	(306	)	(180	)	901		—
Contributions from parent	—		—		—		—		—		—
Stock option exercises	1		—		—		—		—		1
Series A common stock dividends	(116	)	—		—		—		—		(116	)
Return of capital to parent	—		—		—		(9	)	9		—
(Distributions to) contributions from noncontrolling interests	—		—		—		(8	)	—		(8	)
Other, net	—		—		(17	)	(2	)	—		(19	)
Net cash provided by (used in) financing activities	(415	)	(254	)	(248	)	(157	)	825		(249	)
Exchange rate effects on cash and cash equivalents	—		—		—		21		—		21
Net increase (decrease) in cash and cash equivalents	—		3		6		(136	)	—		(127	)
Cash and cash equivalents as of beginning of period	—		—		51		587		—		638
Cash and cash equivalents as of end of period	—		3		57		451		—		511

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED INTERIM CONSOLIDATING STATEMENT OF CASH FLOWS

	Six Months Ended June 30, 2016
	Parent Guarantor		Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net cash provided by (used in) operating activities	297		294		152		449		(556	)	636
Investing Activities
Capital expenditures on property, plant and equipment	—		—		(66	)	(62	)	—		(128	)
Acquisitions, net of cash acquired	—		—		—		—		—		—
Proceeds from sale of businesses and assets, net	—		—		1		1		—		2
Return of capital from subsidiary	—		136		741		—		(877	)	—
Contributions to subsidiary	—		—		—		—		—		—
Intercompany loan receipts (disbursements)	—		138		(5	)	90		(223	)	—
Other, net	—		—		(9	)	(3	)	—		(12	)
Net cash provided by (used in) investing activities	—		274		662		26		(1,100	)	(138	)
Financing Activities
Net change in short-term borrowings with maturities of 3 months or less	—		(345	)	(3	)	—		(5	)	(353	)
Proceeds from short-term borrowings	—		—		—		22		—		22
Repayments of short-term borrowings	—		—		—		(63	)	—		(63	)
Proceeds from long-term debt	—		250		325		—		(405	)	170
Repayments of long-term debt	—		(175	)	(634	)	(7	)	633		(183	)
Purchases of treasury stock, including related fees	(200	)	—		—		—		—		(200	)
Dividends to parent	—		(296	)	(260	)	—		556		—
Contributions from parent	—		—		—		—		—		—
Stock option exercises	3		—		—		—		—		3
Series A common stock dividends	(98	)	—		—		—		—		(98	)
Return of capital to parent	—		—		—		(877	)	877		—
(Distributions to) contributions from noncontrolling interests	—		—		—		(6	)	—		(6	)
Other, net	—		(2	)	(20	)	(2	)	—		(24	)
Net cash provided by (used in) financing activities	(295	)	(568	)	(592	)	(933	)	1,656		(732	)
Exchange rate effects on cash and cash equivalents	—		—		—		2		—		2
Net increase (decrease) in cash and cash equivalents	2		—		222		(456	)	—		(232	)
Cash and cash equivalents as of beginning of period	—		—		21		946		—		967
Cash and cash equivalents as of end of period	2		—		243		490		—		735