Consolidating Guarantor Financial Information

The Senior Notes were issued by Celanese US ("Issuer") and are guaranteed by Celanese Corporation ("Parent Guarantor") and the Subsidiary Guarantors (Note 14). The Issuer and Subsidiary Guarantors are 100% owned subsidiaries of the Parent Guarantor. The Parent Guarantor and Subsidiary Guarantors have guaranteed the Notes fully and unconditionally and jointly and severally.

For cash management purposes, the Company transfers cash between the Parent Guarantor, Issuer, Subsidiary Guarantors and non-guarantors through intercompany financing arrangements, contributions or declaration of dividends between the respective parent and its subsidiaries. The transfer of cash under these activities facilitates the ability of the recipient to make specified third-party payments for principal and interest on the Company's outstanding debt, Common Stock dividends and Common Stock repurchases. The consolidating statements of cash flow present such intercompany financing activities, contributions and dividends consistent with how such activity would be presented in a stand-alone statement of cash flows.

The Company has not presented separate financial information and other disclosures for each of its Subsidiary Guarantors because it believes such financial information and other disclosures would not provide investors with any additional information that would be material in evaluating the sufficiency of the guarantees.

For the year ended December 31, 2015, $54 million in interest expense was allocated from the Issuer to Subsidiary Guarantors.

The consolidating financial information for the Parent Guarantor, the Issuer, the Subsidiary Guarantors and the non-guarantors are as follows:

CELANESE CORPORATION AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF OPERATIONS



	Year Ended December 31, 2017
	Parent Guarantor	Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net sales	—	—		2,240		5,013		(1,113	)	6,140
Cost of sales	—	—		(1,717	)	(4,016	)	1,108		(4,625	)
Gross profit	—	—		523		997		(5	)	1,515
Selling, general and administrative expenses	—	—		(135	)	(321	)	—		(456	)
Amortization of intangible assets	—	—		(4	)	(16	)	—		(20	)
Research and development expenses	—	—		(31	)	(41	)	—		(72	)
Other (charges) gains, net	—	—		(7	)	(53	)	—		(60	)
Foreign exchange gain (loss), net	—	—		—		(1	)	—		(1	)
Gain (loss) on disposition of businesses and assets, net	—	—		(8	)	3		—		(5	)
Operating profit (loss)	—	—		338		568		(5	)	901
Equity in net earnings (loss) of affiliates	843	867		591		166		(2,284	)	183
Interest expense	—	(20	)	(104	)	(30	)	32		(122	)
Refinancing expense	—	—		—		—		—		—
Interest income	—	25		4		5		(32	)	2
Dividend income - cost investments	—	—		—		111		(3	)	108
Other income (expense), net	—	(3	)	2		4		—		3
Earnings (loss) from continuing operations before tax	843	869		831		824		(2,292	)	1,075
Income tax (provision) benefit	—	(26	)	(62	)	(125	)	—		(213	)
Earnings (loss) from continuing operations	843	843		769		699		(2,292	)	862
Earnings (loss) from operation of discontinued operations	—	—		(2	)	(14	)	—		(16	)
Gain (loss) on disposition of discontinued operations	—	—		—		—		—		—
Income tax (provision) benefit from discontinued operations	—	—		1		2		—		3
Earnings (loss) from discontinued operations	—	—		(1	)	(12	)	—		(13	)
Net earnings (loss)	843	843		768		687		(2,292	)	849
Net (earnings) loss attributable to noncontrolling interests	—	—		—		(6	)	—		(6	)
Net earnings (loss) attributable to Celanese Corporation	843	843		768		681		(2,292	)	843

CELANESE CORPORATION AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF OPERATIONS



	Year Ended December 31, 2016
	Parent Guarantor	Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net sales	—	—		2,162		4,322		(1,095	)	5,389
Cost of sales	—	—		(1,657	)	(3,428	)	1,101		(3,984	)
Gross profit	—	—		505		894		6		1,405
Selling, general and administrative expenses	—	—		(112	)	(304	)	—		(416	)
Amortization of intangible assets	—	—		(5	)	(4	)	—		(9	)
Research and development expenses	—	—		(32	)	(46	)	—		(78	)
Other (charges) gains, net	—	—		—		(11	)	—		(11	)
Foreign exchange gain (loss), net	—	—		—		(1	)	—		(1	)
Gain (loss) on disposition of businesses and assets, net	—	—		(8	)	17		(6	)	3
Operating profit (loss)	—	—		348		545		—		893
Equity in net earnings (loss) of affiliates	898	939		653		146		(2,481	)	155
Interest expense	—	(16	)	(94	)	(29	)	19		(120	)
Refinancing expense	—	(4	)	(2	)	—		—		(6	)
Interest income	—	12		4		5		(19	)	2
Dividend income - cost investments	—	—		—		107		1		108
Other income (expense), net	—	(1	)	1		(2	)	—		(2	)
Earnings (loss) from continuing operations before tax	898	930		910		772		(2,480	)	1,030
Income tax (provision) benefit	2	(32	)	(53	)	(36	)	(3	)	(122	)
Earnings (loss) from continuing operations	900	898		857		736		(2,483	)	908
Earnings (loss) from operation of discontinued operations	—	—		(2	)	(1	)	—		(3	)
Gain (loss) on disposition of discontinued operations	—	—		—		—		—		—
Income tax (provision) benefit from discontinued operations	—	—		—		1		—		1
Earnings (loss) from discontinued operations	—	—		(2	)	—		—		(2	)
Net earnings (loss)	900	898		855		736		(2,483	)	906
Net (earnings) loss attributable to noncontrolling interests	—	—		—		(6	)	—		(6	)
Net earnings (loss) attributable to Celanese Corporation	900	898		855		730		(2,483	)	900

CELANESE CORPORATION AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF OPERATIONS



	Year Ended December 31, 2015
	Parent Guarantor	Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net sales	—	—		2,410		4,485		(1,221	)	5,674
Cost of sales	—	—		(1,729	)	(3,897	)	1,270		(4,356	)
Gross profit	—	—		681		588		49		1,318
Selling, general and administrative expenses	—	—		(242	)	(264	)	—		(506	)
Amortization of intangible assets	—	—		(5	)	(6	)	—		(11	)
Research and development expenses	—	—		(78	)	(41	)	—		(119	)
Other (charges) gains, net	—	—		(5	)	(346	)	—		(351	)
Foreign exchange gain (loss), net	—	—		—		4		—		4
Gain (loss) on disposition of businesses and assets, net	—	—		(6	)	(3	)	—		(9	)
Operating profit (loss)	—	—		345		(68	)	49		326
Equity in net earnings (loss) of affiliates	302	314		84		162		(681	)	181
Interest expense	—	(77	)	(76	)	(36	)	70		(119	)
Refinancing expense	—	—		—		—		—		—
Interest income	—	18		40		13		(70	)	1
Dividend income - cost investments	—	—		—		107		—		107
Other income (expense), net	—	(2	)	2		(8	)	—		(8	)
Earnings (loss) from continuing operations before tax	302	253		395		170		(632	)	488
Income tax (provision) benefit	2	49		(133	)	(98	)	(21	)	(201	)
Earnings (loss) from continuing operations	304	302		262		72		(653	)	287
Earnings (loss) from operation of discontinued operations	—	—		(3	)	—		—		(3	)
Gain (loss) on disposition of discontinued operations	—	—		—		—		—		—
Income tax (provision) benefit from discontinued operations	—	—		1		—		—		1
Earnings (loss) from discontinued operations	—	—		(2	)	—		—		(2	)
Net earnings (loss)	304	302		260		72		(653	)	285
Net (earnings) loss attributable to noncontrolling interests	—	—		—		19		—		19
Net earnings (loss) attributable to Celanese Corporation	304	302		260		91		(653	)	304

CELANESE CORPORATION AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)



	Year Ended December 31, 2017
	Parent Guarantor		Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net earnings (loss)	843		843		768		687		(2,292	)	849
Other comprehensive income (loss), net of tax
Unrealized gain (loss) on marketable securities	(1	)	(1	)	(1	)	(1	)	3		(1	)
Foreign currency translation	174		174		226		268		(668	)	174
Gain (loss) from cash flow hedges	(1	)	(1	)	(1	)	(1	)	3		(1	)
Pension and postretirement benefits	9		9		7		10		(26	)	9
Total other comprehensive income (loss), net of tax	181		181		231		276		(688	)	181
Total comprehensive income (loss), net of tax	1,024		1,024		999		963		(2,980	)	1,030
Comprehensive (income) loss attributable to noncontrolling interests	—		—		—		(6	)	—		(6	)
Comprehensive income (loss) attributable to Celanese Corporation	1,024		1,024		999		957		(2,980	)	1,024

CELANESE CORPORATION AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)



	Year Ended December 31, 2016
	Parent Guarantor		Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net earnings (loss)	900		898		855		736		(2,483	)	906
Other comprehensive income (loss), net of tax
Unrealized gain (loss) on marketable securities	—		—		—		—		—		—
Foreign currency translation	(11	)	(11	)	(65	)	(73	)	149		(11	)
Gain (loss) from cash flow hedges	5		5		5		5		(15	)	5
Pension and postretirement benefits	(4	)	(4	)	(4	)	(2	)	10		(4	)
Total other comprehensive income (loss), net of tax	(10	)	(10	)	(64	)	(70	)	144		(10	)
Total comprehensive income (loss), net of tax	890		888		791		666		(2,339	)	896
Comprehensive (income) loss attributable to noncontrolling interests	—		—		—		(6	)	—		(6	)
Comprehensive income (loss) attributable to Celanese Corporation	890		888		791		660		(2,339	)	890

CELANESE CORPORATION AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)



	Year Ended December 31, 2015
	Parent Guarantor		Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net earnings (loss)	304		302		260		72		(653	)	285
Other comprehensive income (loss), net of tax
Unrealized gain (loss) on marketable securities	—		—		—		—		—		—
Foreign currency translation	(188	)	(188	)	(181	)	(231	)	600		(188	)
Gain (loss) from cash flow hedges	2		2		5		1		(8	)	2
Pension and postretirement benefits	3		3		3		2		(8	)	3
Total other comprehensive income (loss), net of tax	(183	)	(183	)	(173	)	(228	)	584		(183	)
Total comprehensive income (loss), net of tax	121		119		87		(156	)	(69	)	102
Comprehensive (income) loss attributable to noncontrolling interests	—		—		—		19		—		19
Comprehensive income (loss) attributable to Celanese Corporation	121		119		87		(137	)	(69	)	121

CELANESE CORPORATION AND SUBSIDIARIES

CONSOLIDATING BALANCE SHEET



	As of December 31, 2017
	Parent Guarantor	Issuer	Subsidiary Guarantors	Non- Guarantors	Eliminations		Consolidated
	(In $ millions)
ASSETS
Current Assets
Cash and cash equivalents	—	—	230	346	—		576
Trade receivables - third party and affiliates	—	—	89	988	(91	)	986
Non-trade receivables, net	38	482	279	385	(940	)	244
Inventories, net	—	—	277	672	(49	)	900
Marketable securities, at fair value	—	—	32	—	—		32
Other assets	—	60	12	93	(111	)	54
Total current assets	38	542	919	2,484	(1,191	)	2,792
Investments in affiliates	2,850	4,283	3,916	861	(10,934	)	976
Property, plant and equipment, net	—	—	1,145	2,617	—		3,762
Deferred income taxes	—	6	206	158	(4	)	366
Other assets	—	1,295	171	165	(1,293	)	338
Goodwill	—	—	314	689	—		1,003
Intangible assets, net	—	—	48	253	—		301
Total assets	2,888	6,126	6,719	7,227	(13,422	)	9,538
LIABILITIES AND EQUITY
Current Liabilities
Short-term borrowings and current installments of long-term debt - third party and affiliates	—	76	148	369	(267	)	326
Trade payables - third party and affiliates	—	1	300	598	(92	)	807
Other liabilities	—	71	302	273	(292	)	354
Deferred income taxes	—	—	—	—	—		—
Income taxes payable	—	—	471	92	(491	)	72
Total current liabilities	—	148	1,221	1,332	(1,142	)	1,559
Noncurrent Liabilities
Long-term debt, net of unamortized deferred financing costs	—	3,128	1,254	233	(1,300	)	3,315
Deferred income taxes	—	—	—	215	(4	)	211
Uncertain tax positions	—	—	1	157	(2	)	156
Benefit obligations	—	—	277	308	—		585
Other liabilities	—	—	255	158	—		413
Total noncurrent liabilities	—	3,128	1,787	1,071	(1,306	)	4,680
Total Celanese Corporation stockholders' equity	2,888	2,850	3,711	4,412	(10,974	)	2,887
Noncontrolling interests	—	—	—	412	—		412
Total equity	2,888	2,850	3,711	4,824	(10,974	)	3,299
Total liabilities and equity	2,888	6,126	6,719	7,227	(13,422	)	9,538

CELANESE CORPORATION AND SUBSIDIARIES

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
Deferred income taxes	—	—	—	—	—		—
Income taxes payable	—	—	454	75	(517	)	12
Total current liabilities	—	64	980	1,111	(1,078	)	1,077
Noncurrent Liabilities
Long-term debt, net of unamortized deferred financing costs	—	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

CELANESE CORPORATION AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF CASH FLOWS



	Year Ended December 31, 2017
	Parent Guarantor		Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net cash provided by (used in) operating activities	740		868		425		593		(1,823	)	803
Investing Activities
Capital expenditures on property, plant and equipment	—		—		(176	)	(91	)	—		(267	)
Acquisitions, net of cash acquired	—		(11	)	(12	)	(274	)	28		(269	)
Proceeds from sale of businesses and assets, net	—		—		9		20		(28	)	1
Capital expenditures related to Fairway Methanol LLC	—		—		—		—		—		—
Return of capital from subsidiary	—		16		241		—		(257	)	—
Contributions to subsidiary	—		—		—		—		—		—
Intercompany loan receipts (disbursements)	—		(530	)	(25	)	—		555		—
Other, net	—		—		(2	)	(12	)	—		(14	)
Net cash provided by (used in) investing activities	—		(525	)	35		(357	)	298		(549	)
Financing Activities
Short-term borrowings (repayments), net	—		56		15		51		(11	)	111
Proceeds from short-term borrowings	—		—		—		182		—		182
Repayments of short-term borrowings	—		—		—		(124	)	—		(124	)
Proceeds from long-term debt	—		351		530		14		(544	)	351
Repayments of long-term debt	—		(6	)	(2	)	(69	)	—		(77	)
Purchases of treasury stock, including related fees	(500	)	—		—		—		—		(500	)
Dividends to parent	—		(741	)	(802	)	(280	)	1,823		—
Contributions from parent	—		—		—		—		—		—
Stock option exercises	1		—		—		—		—		1
Series A common stock dividends	(241	)	—		—		—		—		(241	)
Return of capital to parent	—		—		—		(257	)	257		—
(Distributions to) contributions from noncontrolling interests	—		—		—		(27	)	—		(27	)
Other, net	—		(3	)	(22	)	(2	)	—		(27	)
Net cash provided by (used in) financing activities	(740	)	(343	)	(281	)	(512	)	1,525		(351	)
Exchange rate effects on cash and cash equivalents	—		—		—		35		—		35
Net increase (decrease) in cash and cash equivalents	—		—		179		(241	)	—		(62	)
Cash and cash equivalents as of beginning of period	—		—		51		587		—		638
Cash and cash equivalents as of end of period	—		—		230		346		—		576

CELANESE CORPORATION AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF CASH FLOWS



	Year Ended December 31, 2016
	Parent Guarantor		Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net cash provided by (used in) operating activities	695		711		(21	)	872		(1,364	)	893
Investing Activities
Capital expenditures on property, plant and equipment	—		—		(139	)	(107	)	—		(246	)
Acquisitions, net of cash acquired	—		—		—		(178	)	—		(178	)
Proceeds from sale of businesses and assets, net	—		—		1		11		—		12
Capital expenditures related to Fairway Methanol LLC	—		—		—		—		—		—
Return of capital from subsidiary	—		145		758		—		(903	)	—
Contributions to subsidiary	—		—		—		—		—		—
Intercompany loan receipts (disbursements)	—		(283	)	19		90		174		—
Other, net	—		—		(10	)	(17	)	—		(27	)
Net cash provided by (used in) investing activities	—		(138	)	629		(201	)	(729	)	(439	)
Financing Activities
Short-term borrowings (repayments), net	—		(371	)	1		(1	)	19		(352	)
Proceeds from short-term borrowings	—		—		—		53		—		53
Repayments of short-term borrowings	—		—		—		(90	)	—		(90	)
Proceeds from long-term debt	—		1,589		746		—		(826	)	1,509
Repayments of long-term debt	—		(1,083	)	(635	)	(42	)	633		(1,127	)
Purchases of treasury stock, including related fees	(500	)	—		—		—		—		(500	)
Dividends to parent	—		(695	)	(669	)	—		1,364		—
Contributions from parent	—		—		—		—		—		—
Stock option exercises	6		—		—		—		—		6
Series A common stock dividends	(201	)	—		—		—		—		(201	)
Return of capital to parent	—		—		—		(903	)	903		—
(Distributions to) contributions from noncontrolling interests	—		—		—		(24	)	—		(24	)
Other, net	—		(13	)	(21	)	1		—		(33	)
Net cash provided by (used in) financing activities	(695	)	(573	)	(578	)	(1,006	)	2,093		(759	)
Exchange rate effects on cash and cash equivalents	—		—		—		(24	)	—		(24	)
Net increase (decrease) in cash and cash equivalents	—		—		30		(359	)	—		(329	)
Cash and cash equivalents as of beginning of period	—		—		21		946		—		967
Cash and cash equivalents as of end of period	—		—		51		587		—		638

CELANESE CORPORATION AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF CASH FLOWS



	Year Ended December 31, 2015
	Parent Guarantor		Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net cash provided by (used in) operating activities	591		536		529		422		(1,216	)	862
Investing Activities
Capital expenditures on property, plant and equipment	—		—		(128	)	(104	)	—		(232	)
Acquisitions, net of cash acquired	—		—		(3	)	(3	)	—		(6	)
Proceeds from sale of businesses and assets, net	—		—		—		4		—		4
Capital expenditures related to Fairway Methanol LLC	—		—		(20	)	(268	)	—		(288	)
Return of capital from subsidiary	—		—		—		—		—		—
Contributions to subsidiary	—		—		(120	)	—		120		—
Intercompany loan receipts (disbursements)	—		(333	)	(33	)	(15	)	381		—
Other, net	—		—		(12	)	(24	)	—		(36	)
Net cash provided by (used in) investing activities	—		(333	)	(316	)	(410	)	501		(558	)
Financing Activities
Short-term borrowings (repayments), net	—		383		—		—		(33	)	350
Proceeds from short-term borrowings	—		—		—		80		—		80
Repayments of short-term borrowings	—		—		—		(83	)	—		(83	)
Proceeds from long-term debt	—		15		406		—		(421	)	—
Repayments of long-term debt	—		(9	)	(74	)	(14	)	73		(24	)
Purchases of treasury stock, including related fees	(420	)	—		—		—		—		(420	)
Dividends to parent	—		(592	)	(624	)	—		1,216		—
Contributions from parent	—		—		—		120		(120	)	—
Stock option exercises	3		—		—		—		—		3
Series A common stock dividends	(174	)	—		—		—		—		(174	)
Return of capital to parent	—		—		—		—		—		—
(Distributions to) contributions from noncontrolling interests	—		—		—		214		—		214
Other, net	—		—		(10	)	(2	)	—		(12	)
Net cash provided by (used in) financing activities	(591	)	(203	)	(302	)	315		715		(66	)
Exchange rate effects on cash and cash equivalents	—		—		—		(51	)	—		(51	)
Net increase (decrease) in cash and cash equivalents	—		—		(89	)	276		—		187
Cash and cash equivalents as of beginning of period	—		—		110		670		—		780
Cash and cash equivalents as of end of period	—		—		21		946		—		967