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 10). 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 unaudited interim consolidating statements of cash flows for the three months ended March 31, 2019 and 2018 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.

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

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED INTERIM CONSOLIDATING STATEMENT OF OPERATIONS



	Three Months Ended March 31, 2019
	Parent Guarantor	Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net sales	—	—		624		1,373		(310	)	1,687
Cost of sales	—	—		(458	)	(1,077	)	301		(1,234	)
Gross profit	—	—		166		296		(9	)	453
Selling, general and administrative expenses	—	—		(40	)	(80	)	—		(120	)
Amortization of intangible assets	—	—		(2	)	(4	)	—		(6	)
Research and development expenses	—	—		(6	)	(10	)	—		(16	)
Other (charges) gains, net	—	—		—		4		—		4
Foreign exchange gain (loss), net	—	—		—		5		—		5
Gain (loss) on disposition of businesses and assets, net	—	—		(2	)	2		—		—
Operating profit (loss)	—	—		116		213		(9	)	320
Equity in net earnings (loss) of affiliates	337	337		217		43		(884	)	50
Non-operating pension and other postretirement employee benefit (expense) income	—	—		15		2		—		17
Interest expense	—	(10	)	(31	)	(7	)	17		(31	)
Interest income	—	13		2		3		(17	)	1
Dividend income - equity investments	—	—		—		32		—		32
Other income (expense), net	—	1		—		(5	)	—		(4	)
Earnings (loss) from continuing operations before tax	337	341		319		281		(893	)	385
Income tax (provision) benefit	—	(4	)	(7	)	(36	)	1		(46	)
Earnings (loss) from continuing operations	337	337		312		245		(892	)	339
Earnings (loss) from operation of discontinued operations	—	—		(1	)	—		—		(1	)
Income tax (provision) benefit from discontinued operations	—	—		—		—		—		—
Earnings (loss) from discontinued operations	—	—		(1	)	—		—		(1	)
Net earnings (loss)	337	337		311		245		(892	)	338
Net (earnings) loss attributable to noncontrolling interests	—	—		—		(1	)	—		(1	)
Net earnings (loss) attributable to Celanese Corporation	337	337		311		244		(892	)	337

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED INTERIM CONSOLIDATING STATEMENT OF OPERATIONS



	Three Months Ended March 31, 2018
	Parent Guarantor	Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net sales	—	—		600		1,554		(303	)	1,851
Cost of sales	—	—		(464	)	(1,178	)	306		(1,336	)
Gross profit	—	—		136		376		3		515
Selling, general and administrative expenses	—	—		(60	)	(87	)	—		(147	)
Amortization of intangible assets	—	—		(2	)	(4	)	—		(6	)
Research and development expenses	—	—		(8	)	(10	)	—		(18	)
Other (charges) gains, net	—	—		—		—		—		—
Foreign exchange gain (loss), net	—	—		—		(1	)	—		(1	)
Gain (loss) on disposition of businesses and assets, net	—	—		(2	)	2		—		—
Operating profit (loss)	—	—		64		276		3		343
Equity in net earnings (loss) of affiliates	363	360		267		53		(985	)	58
Non-operating pension and other postretirement employee benefit (expense) income	—	—		23		3		—		26
Interest expense	—	(5	)	(29	)	(9	)	10		(33	)
Interest income	—	8		2		2		(10	)	2
Dividend income - equity investments	—	—		—		32		—		32
Other income (expense), net	—	1		1		2		—		4
Earnings (loss) from continuing operations before tax	363	364		328		359		(982	)	432
Income tax (provision) benefit	—	(1	)	(37	)	(27	)	—		(65	)
Earnings (loss) from continuing operations	363	363		291		332		(982	)	367
Earnings (loss) from operation of discontinued operations	—	—		—		(2	)	—		(2	)
Income tax (provision) benefit from discontinued operations	—	—		—		—		—		—
Earnings (loss) from discontinued operations	—	—		—		(2	)	—		(2	)
Net earnings (loss)	363	363		291		330		(982	)	365
Net (earnings) loss attributable to noncontrolling interests	—	—		—		(2	)	—		(2	)
Net earnings (loss) attributable to Celanese Corporation	363	363		291		328		(982	)	363

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED INTERIM CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)



	Three Months Ended March 31, 2019
	Parent Guarantor		Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net earnings (loss)	337		337		311		245		(892	)	338
Other comprehensive income (loss), net of tax
Foreign currency translation gain (loss)	7		7		(18	)	(24	)	35		7
Gain (loss) on cash flow hedges	(3	)	(3	)	6		8		(11	)	(3	)
Total other comprehensive income (loss), net of tax	4		4		(12	)	(16	)	24		4
Total comprehensive income (loss), net of tax	341		341		299		229		(868	)	342
Comprehensive (income) loss attributable to noncontrolling interests	—		—		—		(1	)	—		(1	)
Comprehensive income (loss) attributable to Celanese Corporation	341		341		299		228		(868	)	341



	Three Months Ended March 31, 2018
	Parent Guarantor		Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net earnings (loss)	363		363		291		330		(982	)	365
Other comprehensive income (loss), net of tax
Foreign currency translation gain (loss)	49		49		63		74		(186	)	49
Gain (loss) on cash flow hedges	(1	)	(1	)	(1	)	(1	)	3		(1	)
Pension and postretirement benefits gain (loss)	1		1		1		1		(3	)	1
Total other comprehensive income (loss), net of tax	49		49		63		74		(186	)	49
Total comprehensive income (loss), net of tax	412		412		354		404		(1,168	)	414
Comprehensive (income) loss attributable to noncontrolling interests	—		—		—		(2	)	—		(2	)
Comprehensive income (loss) attributable to Celanese Corporation	412		412		354		402		(1,168	)	412

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED CONSOLIDATING BALANCE SHEET



	As of March 31, 2019
	Parent Guarantor	Issuer	Subsidiary Guarantors	Non- Guarantors	Eliminations		Consolidated
	(In $ millions)
ASSETS
Current Assets
Cash and cash equivalents	—	—	69	372	—		441
Trade receivables - third party and affiliates	—	—	119	1,033	(137	)	1,015
Non-trade receivables, net	311	958	1,713	606	(3,245	)	343
Inventories, net	—	—	316	750	(57	)	1,009
Marketable securities, at fair value	—	—	29	—	—		29
Other assets	1	14	10	46	(24	)	47
Total current assets	312	972	2,256	2,807	(3,463	)	2,884
Investments in affiliates	3,563	4,718	4,022	828	(12,181	)	950
Property, plant and equipment, net	—	—	1,328	2,393	—		3,721
Operating lease right-of-use assets	—	—	59	151	—		210
Deferred income taxes	—	—	—	114	(21	)	93
Other assets	—	1,659	158	455	(1,963	)	309
Goodwill	—	—	399	676	—		1,075
Intangible assets, net	—	—	131	201	—		332
Total assets	3,875	7,349	8,353	7,625	(17,628	)	9,574
LIABILITIES AND EQUITY
Current Liabilities
Short-term borrowings and current installments of long-term debt - third party and affiliates	826	635	994	904	(2,616	)	743
Trade payables - third party and affiliates	—	1	254	581	(137	)	699
Other liabilities	1	36	139	283	(148	)	311
Income taxes payable	—	—	461	114	(506	)	69
Total current liabilities	827	672	1,848	1,882	(3,407	)	1,822
Noncurrent Liabilities
Long-term debt	—	3,067	1,679	121	(1,934	)	2,933
Deferred income taxes	—	24	104	166	(21	)	273
Uncertain tax positions	—	2	6	154	—		162
Benefit obligations	—	—	246	304	—		550
Operating lease liabilities	—	—	48	145	—		193
Other liabilities	1	21	93	126	(39	)	202
Total noncurrent liabilities	1	3,114	2,176	1,016	(1,994	)	4,313
Total Celanese Corporation stockholders' equity	3,047	3,563	4,329	4,335	(12,227	)	3,047
Noncontrolling interests	—	—	—	392	—		392
Total equity	3,047	3,563	4,329	4,727	(12,227	)	3,439
Total liabilities and equity	3,875	7,349	8,353	7,625	(17,628	)	9,574

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED CONSOLIDATING BALANCE SHEET



	As of December 31, 2018
	Parent Guarantor	Issuer	Subsidiary Guarantors	Non- Guarantors	Eliminations		Consolidated
	(In $ millions)
ASSETS
Current Assets
Cash and cash equivalents	—	—	30	409	—		439
Trade receivables - third party and affiliates	—	—	96	1,040	(119	)	1,017
Non-trade receivables, net	40	551	797	697	(1,784	)	301
Inventories, net	—	—	329	765	(48	)	1,046
Marketable securities, at fair value	—	—	31	—	—		31
Other assets	—	24	10	37	(31	)	40
Total current assets	40	575	1,293	2,948	(1,982	)	2,874
Investments in affiliates	3,503	4,820	4,678	855	(12,877	)	979
Property, plant and equipment, net	—	—	1,289	2,430	—		3,719
Deferred income taxes	—	—	—	86	(2	)	84
Other assets	—	1,658	142	461	(1,971	)	290
Goodwill	—	—	399	658	—		1,057
Intangible assets, net	—	—	132	178	—		310
Total assets	3,543	7,053	7,933	7,616	(16,832	)	9,313
LIABILITIES AND EQUITY
Current Liabilities
Short-term borrowings and current installments of long-term debt - third party and affiliates	544	333	465	258	(1,039	)	561
Trade payables - third party and affiliates	13	1	342	583	(120	)	819
Other liabilities	1	87	267	258	(270	)	343
Income taxes payable	—	—	475	88	(507	)	56
Total current liabilities	558	421	1,549	1,187	(1,936	)	1,779
Noncurrent Liabilities
Long-term debt	—	3,104	1,679	127	(1,940	)	2,970
Deferred income taxes	—	15	85	157	(2	)	255
Uncertain tax positions	—	—	6	152	—		158
Benefit obligations	—	—	250	314	—		564
Other liabilities	1	10	99	138	(40	)	208
Total noncurrent liabilities	1	3,129	2,119	888	(1,982	)	4,155
Total Celanese Corporation stockholders' equity	2,984	3,503	4,265	5,146	(12,914	)	2,984
Noncontrolling interests	—	—	—	395	—		395
Total equity	2,984	3,503	4,265	5,541	(12,914	)	3,379
Total liabilities and equity	3,543	7,053	7,933	7,616	(16,832	)	9,313

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED INTERIM CONSOLIDATING STATEMENT OF CASH FLOWS



	Three Months Ended March 31, 2019
	Parent Guarantor		Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net cash provided by (used in) operating activities	282		26		1,032		528		(1,561	)	307
Investing Activities
Capital expenditures on property, plant and equipment	—		—		(42	)	(37	)	—		(79	)
Acquisitions, net of cash acquired	—		—		(31	)	(60	)	—		(91	)
Return of capital from subsidiary	—		—		4		—		(4	)	—
Intercompany loan receipts (disbursements)	—		—		(646	)	—		646		—
Other, net	—		—		2		(9	)	—		(7	)
Net cash provided by (used in) investing activities	—		—		(713	)	(106	)	642		(177	)
Financing Activities
Net change in short-term borrowings with maturities of 3 months or less	—		246		(9	)	(4	)	(36	)	197
Proceeds from short-term borrowings	—		—		—		610		(610	)	—
Repayments of short-term borrowings	—		—		—		(12	)	—		(12	)
Repayments of long-term debt	—		—		—		(7	)	—		(7	)
Purchases of treasury stock, including related fees	(212	)	—		—		—		—		(212	)
Dividends to parent	—		(272	)	(251	)	(1,038	)	1,561		—
Common stock dividends	(70	)	—		—		—		—		(70	)
Return of capital to parent	—		—		—		(4	)	4		—
(Distributions to) contributions from noncontrolling interests	—		—		—		(4	)	—		(4	)
Other, net	—		—		(20	)	(2	)	—		(22	)
Net cash provided by (used in) financing activities	(282	)	(26	)	(280	)	(461	)	919		(130	)
Exchange rate effects on cash and cash equivalents	—		—		—		2		—		2
Net increase (decrease) in cash and cash equivalents	—		—		39		(37	)	—		2
Cash and cash equivalents as of beginning of period	—		—		30		409		—		439
Cash and cash equivalents as of end of period	—		—		69		372		—		441

CELANESE CORPORATION AND SUBSIDIARIES

UNAUDITED INTERIM CONSOLIDATING STATEMENT OF CASH FLOWS



	Three Months Ended March 31, 2018
	Parent Guarantor		Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net cash provided by (used in) operating activities	63		277		(33	)	170		(334	)	143
Investing Activities
Capital expenditures on property, plant and equipment	—		—		(54	)	(32	)	—		(86	)
Acquisitions, net of cash acquired	—		—		(144	)	—		—		(144	)
Proceeds from sale of businesses and assets, net	—		—		—		9		—		9
Return of capital from subsidiary	—		—		211		—		(211	)	—
Contributions to subsidiary	—		—		(16	)	—		16		—
Intercompany loan receipts (disbursements)	—		(222	)	(15	)	—		237		—
Other, net	—		—		(3	)	(11	)	—		(14	)
Net cash provided by (used in) investing activities	—		(222	)	(21	)	(34	)	42		(235	)
Financing Activities
Net change in short-term borrowings with maturities of 3 months or less	—		15		2		99		(15	)	101
Proceeds from short-term borrowings	—		—		—		36		—		36
Repayments of short-term borrowings	—		—		—		(38	)	—		(38	)
Proceeds from long-term debt	—		—		222		—		(222	)	—
Repayments of long-term debt	—		(6	)	(12	)	(13	)	—		(31	)
Dividends to parent	—		(62	)	(272	)	—		334		—
Contributions from parent	—		—		—		16		(16	)	—
Common stock dividends	(63	)	—		—		—		—		(63	)
Return of capital to parent	—		—		—		(211	)	211		—
(Distributions to) contributions from noncontrolling interests	—		—		—		(2	)	—		(2	)
Other, net	—		—		(5	)	—		—		(5	)
Net cash provided by (used in) financing activities	(63	)	(53	)	(65	)	(113	)	292		(2	)
Exchange rate effects on cash and cash equivalents	—		—		—		8		—		8
Net increase (decrease) in cash and cash equivalents	—		2		(119	)	31		—		(86	)
Cash and cash equivalents as of beginning of period	—		—		230		346		—		576
Cash and cash equivalents as of end of period	—		2		111		377		—		490