XML 126 R98.htm IDEA: XBRL DOCUMENT v3.8.0.1
Debt (Schedule of Long-term Debt) (Details)
€ in Millions, $ in Millions
12 Months Ended
Dec. 31, 2017
USD ($)
Dec. 31, 2017
USD ($)
Dec. 11, 2017
EUR (€)
Dec. 31, 2016
USD ($)
Sep. 26, 2016
EUR (€)
Jul. 15, 2016
USD ($)
Dec. 31, 2015
USD ($)
[1]
Dec. 31, 2014
USD ($)
Long-Term Debt                
Subtotal $ 3,398 $ 3,398   $ 2,938        
Unamortized debt issuance costs (24) [1] (24) [1]   (27) [1]     $ (22) $ (27)
Current installments of long-term debt (63) (63)   (27)        
Total 3,315 $ 3,315   2,890        
Debt Instrument, Redemption Price, Percentage   100.00%            
Senior Unsecured Term Loan Due 2021 [Member]                
Long-Term Debt                
Secured Debt [2]           $ 500    
Senior unsecured notes [2] 494 $ 494   500        
Maturity Date   Jul. 15, 2021            
Senior Unsecured Notes Due 2019 [Member]                
Long-Term Debt                
Senior unsecured notes $ 360 $ 360   316        
Maturity Date   Oct. 15, 2019            
Interest Rate 3.25% 3.25%            
Senior Unsecured Notes Due 2021 [Member]                
Long-Term Debt                
Senior unsecured notes $ 400 $ 400   400        
Maturity Date   Jun. 15, 2021            
Interest Rate 5.875% 5.875%            
Senior Unsecured Notes Due 2022 [Member]                
Long-Term Debt                
Senior unsecured notes $ 500 $ 500   500        
Maturity Date   Nov. 15, 2022            
Interest Rate 4.625% 4.625%            
Senior Unsecured Notes Due 2023 [Member]                
Long-Term Debt                
Senior unsecured notes $ 897 $ 897   788        
Maturity Date   Sep. 26, 2023            
Interest Rate 1.125% 1.125%            
Debt Instrument, Redemption Price, Percentage   100.00%            
Long-term Debt, Gross | €         € 750      
Percentage of Face         99.713%      
Senior Unsecured Notes Due 2025 [Member]                
Long-Term Debt                
Senior unsecured notes $ 359 $ 359   0        
Maturity Date   Dec. 11, 2025            
Interest Rate 1.25% 1.25%            
Debt Instrument, Redemption Price, Percentage   100.00%            
Long-term Debt, Gross | €     € 300          
Percentage of Face     99.81%          
Pollution Control and Industrial Revenue Bonds [Member]                
Long-Term Debt                
Year of maturity, range end   Nov. 01, 2030            
Refunding loan for pollution control and industrial revenue bonds [Member]                
Long-Term Debt                
Pollution control and industrial revenue bonds due at various dates through 2030, interest rates ranging from 5.70% to 6.70% $ 169 $ 169   $ 170        
Year of maturity, range end   Dec. 31, 2030            
Bank Loans Acquired from SOFTER [Member]                
Debt Instrument [Line Items]                
Long-term Debt, Weighted Average Interest Rate, at Point in Time       1.60%        
Long-Term Debt                
Pollution control and industrial revenue bonds due at various dates through 2030, interest rates ranging from 5.70% to 6.70% $ 0 [3] $ 0 [3]   $ 47        
Year of maturity, range end Dec. 31, 2021              
Nilit [Member]                
Debt Instrument [Line Items]                
Long-term Debt, Weighted Average Interest Rate, at Point in Time 1.30% 1.30%            
Long-Term Debt                
Pollution control and industrial revenue bonds due at various dates through 2030, interest rates ranging from 5.70% to 6.70% $ 11 [4] $ 11 [4]   0        
Obligations Under Capital Leases [Member]                
Long-Term Debt                
Year of maturity, range end   Mar. 31, 2054            
Obligations under capital leases due at various dates through 2054 208 $ 208   217        
Long-term Debt [Member]                
Long-Term Debt                
Unamortized debt issuance costs [5] $ (20) $ (20)   $ (21)        
Minimum [Member] | Pollution Control and Industrial Revenue Bonds [Member]                
Long-Term Debt                
Interest Rate 5.70% 5.70%            
Minimum [Member] | Refunding loan for pollution control and industrial revenue bonds [Member]                
Long-Term Debt                
Interest Rate 4.05% 4.05%            
Maximum [Member] | Pollution Control and Industrial Revenue Bonds [Member]                
Long-Term Debt                
Interest Rate 6.70% 6.70%            
Maximum [Member] | Refunding loan for pollution control and industrial revenue bonds [Member]                
Long-Term Debt                
Interest Rate 5.00% 5.00%            
London Interbank Offered Rate (LIBOR) [Member] | Senior Unsecured Term Loan Due 2021 [Member]                
Debt Instrument [Line Items]                
Debt Instrument, Basis Spread on Variable Rate 1.50%              
[1] Includes $4 million, $6 million and $4 million as of December 31, 2017, 2016 and 2015, respectively, related to the Company's revolving credit facility and accounts receivables securitization facility, which are included in noncurrent Other assets in the consolidated balance sheets.
[2] The margin for borrowings under the senior unsecured term loan due 2021 was 1.5% above LIBOR at current Celanese credit ratings.
[3] The weighted average interest rate was 1.6% as of December 31, 2016.
[4] The weighted average interest rate was 1.3% as of December 31, 2017.
[5] Related to the Company's long-term debt, excluding obligations under capital leases.