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Unaudited Interim Consolidated Statement of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Net sales $ 1,844 $ 1,510 $ 3,695 $ 2,981
Cost of sales (1,323) (1,145) (2,659) (2,266)
Gross profit 521 365 1,036 715
Selling, general and administrative expenses (136) (117) (283) (220)
Amortization of intangible assets (7) (5) (13) (9)
Research and development expenses (18) (17) (36) (34)
Other (charges) gains, net (3) (2) (3) (57)
Foreign exchange gain (loss), net 3 (4) 2 (4)
Gain (loss) on disposition of businesses and assets, net (2) (2) (2) (3)
Operating profit (loss) 358 218 701 388
Equity in net earnings (loss) of affiliates 56 38 114 85
Non-operating pension and other postretirement employee benefit (expense) income 26 22 52 44
Interest expense (32) (30) (65) (59)
Interest income 0 1 2 1
Dividend income - cost investments 34 29 66 58
Other income (expense), net 0 3 4 4
Earnings (loss) from continuing operations before tax 442 281 874 521
Income tax (provision) benefit (97) (40) (162) (96)
Earnings (loss) from continuing operations 345 241 712 425
Earnings (loss) from operation of discontinued operations 0 (9) (2) (9)
Income tax (provision) benefit from discontinued operations 0 1 0 1
Earnings (loss) from discontinued operations 0 (8) (2) (8)
Net earnings (loss) 345 233 710 417
Net (earnings) loss attributable to noncontrolling interests (1) (2) (3) (3)
Net earnings (loss) attributable to Celanese Corporation 344 231 707 414
Amounts attributable to Celanese Corporation        
Earnings (loss) from continuing operations 344 239 709 422
Earnings (loss) from discontinued operations 0 (8) (2) (8)
Net earnings (loss) $ 344 $ 231 $ 707 $ 414
Earnings (loss) per common share - basic        
Continuing operations $ 2.54 $ 1.73 $ 5.22 $ 3.02
Discontinued operations 0.00 (0.06) (0.01) (0.05)
Net earnings (loss) - basic 2.54 1.67 5.21 2.97
Earnings (loss) per common share - diluted        
Continuing operations 2.52 1.72 5.19 3.01
Discontinued operations 0.00 (0.06) (0.01) (0.05)
Net earnings (loss) - diluted $ 2.52 $ 1.66 $ 5.18 $ 2.96
Weighted average shares - basic 135,589,717 138,619,721 135,752,179 139,626,199
Weighted average shares - diluted 136,309,158 139,029,425 136,499,748 140,022,556