XML 18 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Income Statement [Abstract]      
Net sales $ 7,155 $ 6,140 $ 5,389
Cost of sales (5,183) (4,629) (3,984)
Gross profit 1,972 1,511 1,405
Selling, general and administrative expenses (546) (496) (378)
Amortization of intangible assets (24) (20) (9)
Research and development expenses (72) (73) (78)
Other (charges) gains, net 9 (59) (8)
Foreign exchange gain (loss), net 0 (1) (1)
Gain (loss) on disposition of businesses and assets, net (5) (5) 3
Operating profit (loss) 1,334 857 934
Equity in net earnings (loss) of affiliates 233 183 155
Non-operating pension and other postretirement employee benefit (expense) income (62) 44 (41)
Interest expense (125) (122) (120)
Refinancing expense (1) 0 (6)
Interest income 6 2 2
Dividend income - equity investments 117 108 108
Other income (expense), net 8 3 (2)
Earnings (loss) from continuing operations before tax 1,510 1,075 1,030
Income tax (provision) benefit (292) (213) (122)
Earnings (loss) from continuing operations 1,218 862 908
Earnings (loss) from operation of discontinued operations (5) (16) (3)
Gain (loss) on disposition of discontinued operations 0 0 0
Income tax (provision) benefit from discontinued operations 0 3 1
Earnings (loss) from discontinued operations (5) (13) (2)
Net earnings (loss) 1,213 849 906
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest 6 6 6
Net (earnings) loss attributable to noncontrolling interests (6) (6) (6)
Net earnings (loss) attributable to Celanese Corporation 1,207 843 900
Amounts attributable to Celanese Corporation      
Earnings (loss) from continuing operations 1,212 856 902
Earnings (loss) from discontinued operations (5) (13) (2)
Net earnings (loss) attributable to Celanese Corporation $ 1,207 $ 843 $ 900
Earnings (loss) per common share - basic      
Continuing operations $ 9.03 $ 6.21 $ 6.22
Discontinued operations (0.04) (0.10) (0.01)
Net earnings (loss) - basic 8.99 6.11 6.21
Earnings (loss) per common share - diluted      
Continuing operations 8.95 6.19 6.19
Discontinued operations (0.04) (0.10) (0.01)
Net earnings (loss) - diluted $ 8.91 $ 6.09 $ 6.18
Weighted average shares - basic 134,305,269 137,902,667 144,939,433
Weighted average shares - diluted 135,416,858 138,317,395 145,668,181