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Unaudited Interim Consolidated Statement of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Net sales $ 1,771 $ 1,566 $ 5,466 $ 4,547
Cost of sales (1,255) (1,183) (3,914) (3,449)
Gross profit 516 383 1,552 1,098
Selling, general and administrative expenses (129) (133) (412) (353)
Amortization of intangible assets (5) (5) (18) (14)
Research and development expenses (18) (19) (54) (53)
Other (charges) gains, net 12 0 9 (57)
Foreign exchange gain (loss), net 0 4 2 0
Gain (loss) on disposition of businesses and assets, net (2) (1) (4) (4)
Operating profit (loss) 374 229 1,075 617
Equity in net earnings (loss) of affiliates 66 50 180 135
Non-operating pension and other postretirement employee benefit (expense) income 25 23 77 67
Interest expense (30) (32) (95) (91)
Interest income 2 1 4 2
Dividend income - cost investments 26 24 92 82
Other income (expense), net (1) (6) 3 (2)
Earnings (loss) from continuing operations before tax 462 289 1,336 810
Income tax (provision) benefit (54) (57) (216) (153)
Earnings (loss) from continuing operations 408 232 1,120 657
Earnings (loss) from operation of discontinued operations (7) (5) (9) (14)
Income tax (provision) benefit from discontinued operations 1 1 1 2
Earnings (loss) from discontinued operations (6) (4) (8) (12)
Net earnings (loss) 402 228 1,112 645
Net (earnings) loss attributable to noncontrolling interests (1) (2) (4) (5)
Net earnings (loss) attributable to Celanese Corporation 401 226 1,108 640
Amounts attributable to Celanese Corporation        
Earnings (loss) from continuing operations 407 230 1,116 652
Earnings (loss) from discontinued operations (6) (4) (8) (12)
Net earnings (loss) $ 401 $ 226 $ 1,108 $ 640
Earnings (loss) per common share - basic        
Continuing operations $ 3.02 $ 1.68 $ 8.25 $ 4.71
Discontinued operations (0.04) (0.03) (0.06) (0.09)
Net earnings (loss) - basic 2.98 1.65 8.19 4.62
Earnings (loss) per common share - diluted        
Continuing operations 3.00 1.68 8.18 4.69
Discontinued operations (0.04) (0.03) (0.06) (0.09)
Net earnings (loss) - diluted $ 2.96 $ 1.65 $ 8.12 $ 4.60
Weighted average shares - basic 134,519,301 136,579,077 135,336,704 138,599,330
Weighted average shares - diluted 135,499,390 136,951,923 136,387,703 138,988,321