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Unaudited Interim Consolidated Statement of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Net sales $ 1,566 $ 1,323 $ 4,547 $ 4,078
Cost of sales (1,181) (968) (3,443) (2,995)
Gross profit 385 355 1,104 1,083
Selling, general and administrative expenses (112) (81) (291) (232)
Amortization of intangible assets (5) (3) (14) (7)
Research and development expenses (19) (20) (53) (58)
Other (charges) gains, net 0 (3) (58) (12)
Foreign exchange gain (loss), net 4 (1) 0 1
Gain (loss) on disposition of businesses and assets, net (1) (1) (4) 1
Operating profit (loss) 252 246 684 776
Equity in net earnings (loss) of affiliates 50 41 135 114
Interest expense (32) (28) (91) (91)
Refinancing expense 0 (4) 0 (6)
Interest income 1 0 2 1
Dividend income - cost investments 24 26 82 82
Other income (expense), net (6) 0 (2) (2)
Earnings (loss) from continuing operations before tax 289 281 810 874
Income tax (provision) benefit (57) (15) (153) (127)
Earnings (loss) from continuing operations 232 266 657 747
Earnings (loss) from operation of discontinued operations (5) (4) (14) (3)
Income tax (provision) benefit from discontinued operations 1 1 2 1
Earnings (loss) from discontinued operations (4) (3) (12) (2)
Net earnings (loss) 228 263 645 745
Net (earnings) loss attributable to noncontrolling interests (2) (1) (5) (5)
Net earnings (loss) attributable to Celanese Corporation 226 262 640 740
Amounts attributable to Celanese Corporation        
Earnings (loss) from continuing operations 230 265 652 742
Earnings (loss) from discontinued operations (4) (3) (12) (2)
Net earnings (loss) $ 226 $ 262 $ 640 $ 740
Earnings (loss) per common share - basic        
Continuing operations $ 1.68 $ 1.84 $ 4.71 $ 5.08
Discontinued operations (0.03) (0.02) (0.09) (0.01)
Net earnings (loss) - basic 1.65 1.82 4.62 5.07
Earnings (loss) per common share - diluted        
Continuing operations 1.68 1.83 4.69 5.06
Discontinued operations (0.03) (0.02) (0.09) (0.01)
Net earnings (loss) - diluted $ 1.65 $ 1.81 $ 4.60 $ 5.05
Weighted average shares - basic 136,579,077 144,005,098 138,599,330 145,959,821
Weighted average shares - diluted 136,951,923 144,601,465 138,988,321 146,585,560