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Consolidating Guarantor Financial Information
 9 Months Ended
Sep. 30, 2019
Consolidating Guarantor Financial Information [Abstract]  
Consolidating Guarantor Financial Information 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 nine months ended September 30, 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 September 30, 2019
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net sales
—

 
—

 
570

 
1,292

 
(276
)
 
1,586

Cost of sales
—

 
—

 
(444
)
 
(1,011
)
 
283

 
(1,172
)
Gross profit
—

 
—

 
126

 
281

 
7

 
414

Selling, general and administrative expenses
—

 
—

 
(46
)
 
(74
)
 
—

 
(120
)
Amortization of intangible assets
—

 
—

 
(2
)
 
(4
)
 
—

 
(6
)
Research and development expenses
—

 
—

 
(7
)
 
(10
)
 
—

 
(17
)
Other (charges) gains, net
—

 
—

 
(1
)
 
(6
)
 
—

 
(7
)
Foreign exchange gain (loss), net
—

 
—

 
—

 
(1
)
 
—

 
(1
)
Gain (loss) on disposition of businesses and assets, net
—

 
—

 
(3
)
 
—

 
—

 
(3
)
Operating profit (loss)
—

 
—

 
67

 
186

 
7

 
260

Equity in net earnings (loss) of affiliates
277

 
267

 
183

 
43

 
(725
)
 
45

Non-operating pension and other postretirement employee benefit (expense) income
—

 
—

 
15

 
2

 
—

 
17

Interest expense
(20
)
 
(5
)
 
(37
)
 
(9
)
 
44

 
(27
)
Interest income
—

 
18

 
23

 
4

 
(44
)
 
1

Dividend income - equity investments
—

 
—

 
—

 
27

 
—

 
27

Other income (expense), net
—

 
—

 
1

 
(1
)
 
—

 
—

Earnings (loss) from continuing operations before tax
257

 
280

 
252

 
252

 
(718
)
 
323

Income tax (provision) benefit
6

 
(3
)
 
2

 
(57
)
 
(1
)
 
(53
)
Earnings (loss) from continuing operations
263

 
277

 
254

 
195

 
(719
)
 
270

Earnings (loss) from operation of discontinued operations
—

 
—

 
(6
)
 
—

 
—

 
(6
)
Income tax (provision) benefit from discontinued operations
—

 
—

 
1

 
—

 
—

 
1

Earnings (loss) from discontinued operations
—

 
—

 
(5
)
 
—

 
—

 
(5
)
Net earnings (loss)
263

 
277

 
249

 
195

 
(719
)
 
265

Net (earnings) loss attributable to noncontrolling interests
—

 
—

 
—

 
(2
)
 
—

 
(2
)
Net earnings (loss) attributable to Celanese Corporation
263

 
277

 
249

 
193

 
(719
)
 
263

CELANESE CORPORATION AND SUBSIDIARIES
UNAUDITED INTERIM CONSOLIDATING STATEMENT OF OPERATIONS
 
Three Months Ended September 30, 2018
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net sales
—

 
—

 
565

 
1,483

 
(277
)
 
1,771

Cost of sales
—

 
—

 
(432
)
 
(1,105
)
 
282

 
(1,255
)
Gross profit
—

 
—

 
133

 
378

 
5

 
516

Selling, general and administrative expenses
—

 
—

 
(46
)
 
(83
)
 
—

 
(129
)
Amortization of intangible assets
—

 
—

 
(1
)
 
(4
)
 
—

 
(5
)
Research and development expenses
—

 
—

 
(7
)
 
(11
)
 
—

 
(18
)
Other (charges) gains, net
—

 
—

 
—

 
12

 
—

 
12

Foreign exchange gain (loss), net
—

 
(3
)
 
—

 
3

 
—

 
—

Gain (loss) on disposition of businesses and assets, net
—

 
—

 
(3
)
 
1

 
—

 
(2
)
Operating profit (loss)
—

 
(3
)
 
76

 
296

 
5

 
374

Equity in net earnings (loss) of affiliates
401

 
411

 
286

 
64

 
(1,096
)
 
66

Non-operating pension and other postretirement employee benefit (expense) income
—

 
—

 
23

 
3

 
(1
)
 
25

Interest expense
—

 
(5
)
 
(33
)
 
(8
)
 
16

 
(30
)
Interest income
—

 
13

 
1

 
3

 
(15
)
 
2

Dividend income - equity investments
—

 
—

 
—

 
25

 
1

 
26

Other income (expense), net
—

 
—

 
1

 
(1
)
 
(1
)
 
(1
)
Earnings (loss) from continuing operations before tax
401

 
416

 
354

 
382

 
(1,091
)
 
462

Income tax (provision) benefit
—

 
(15
)
 
(10
)
 
(28
)
 
(1
)
 
(54
)
Earnings (loss) from continuing operations
401

 
401

 
344

 
354

 
(1,092
)
 
408

Earnings (loss) from operation of discontinued operations
—

 
—

 
(1
)
 
(6
)
 
—

 
(7
)
Income tax (provision) benefit from discontinued operations
—

 
—

 
—

 
1

 
—

 
1

Earnings (loss) from discontinued operations
—

 
—

 
(1
)
 
(5
)
 
—

 
(6
)
Net earnings (loss)
401

 
401

 
343

 
349

 
(1,092
)
 
402

Net (earnings) loss attributable to noncontrolling interests
—

 
—

 
—

 
(1
)
 
—

 
(1
)
Net earnings (loss) attributable to Celanese Corporation
401

 
401

 
343

 
348

 
(1,092
)
 
401






CELANESE CORPORATION AND SUBSIDIARIES
UNAUDITED INTERIM CONSOLIDATING STATEMENT OF OPERATIONS
 
Nine Months Ended September 30, 2019
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net sales
—

 
—

 
1,780

 
3,963

 
(878
)
 
4,865

Cost of sales
—

 
—

 
(1,345
)
 
(3,108
)
 
878

 
(3,575
)
Gross profit
—

 
—

 
435

 
855

 
—

 
1,290

Selling, general and administrative expenses
—

 
—

 
(125
)
 
(233
)
 
—

 
(358
)
Amortization of intangible assets
—

 
—

 
(6
)
 
(12
)
 
—

 
(18
)
Research and development expenses
—

 
—

 
(20
)
 
(30
)
 
—

 
(50
)
Other (charges) gains, net
—

 
—

 
(6
)
 
(95
)
 
—

 
(101
)
Foreign exchange gain (loss), net
—

 
—

 
—

 
5

 
—

 
5

Gain (loss) on disposition of businesses and assets, net
—

 
—

 
(7
)
 
5

 
—

 
(2
)
Operating profit (loss)
—

 
—

 
271

 
495

 
—

 
766

Equity in net earnings (loss) of affiliates
823

 
814

 
522

 
120

 
(2,145
)
 
134

Non-operating pension and other postretirement employee benefit (expense) income
—

 
—

 
46

 
5

 
—

 
51

Interest expense
(20
)
 
(24
)
 
(103
)
 
(29
)
 
89

 
(87
)
Refinancing expense
—

 
(4
)
 
—

 
—

 
—

 
(4
)
Interest income
—

 
49

 
36

 
8

 
(89
)
 
4

Dividend income - equity investments
—

 
—

 
—

 
89

 
—

 
89

Other income (expense), net
—

 
(3
)
 
1

 
(4
)
 
—

 
(6
)
Earnings (loss) from continuing operations before tax
803

 
832

 
773

 
684

 
(2,145
)
 
947

Income tax (provision) benefit
6

 
(9
)
 
(28
)
 
(96
)
 
—

 
(127
)
Earnings (loss) from continuing operations
809

 
823

 
745

 
588

 
(2,145
)
 
820

Earnings (loss) from operation of discontinued operations
—

 
—

 
(9
)
 
—

 
—

 
(9
)
Income tax (provision) benefit from discontinued operations
—

 
—

 
2

 
—

 
—

 
2

Earnings (loss) from discontinued operations
—

 
—

 
(7
)
 
—

 
—

 
(7
)
Net earnings (loss)
809

 
823

 
738

 
588

 
(2,145
)
 
813

Net (earnings) loss attributable to noncontrolling interests
—

 
—

 
—

 
(4
)
 
—

 
(4
)
Net earnings (loss) attributable to Celanese Corporation
809

 
823

 
738

 
584

 
(2,145
)
 
809






CELANESE CORPORATION AND SUBSIDIARIES
UNAUDITED INTERIM CONSOLIDATING STATEMENT OF OPERATIONS
 
Nine Months Ended September 30, 2018
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net sales
—

 
—

 
1,733

 
4,621

 
(888
)
 
5,466

Cost of sales
—

 
—

 
(1,337
)
 
(3,470
)
 
893

 
(3,914
)
Gross profit
—

 
—

 
396

 
1,151

 
5

 
1,552

Selling, general and administrative expenses
—

 
—

 
(156
)
 
(256
)
 
—

 
(412
)
Amortization of intangible assets
—

 
—

 
(3
)
 
(15
)
 
—

 
(18
)
Research and development expenses
—

 
—

 
(22
)
 
(32
)
 
—

 
(54
)
Other (charges) gains, net
—

 
—

 
—

 
9

 
—

 
9

Foreign exchange gain (loss), net
—

 
(3
)
 
—

 
5

 
—

 
2

Gain (loss) on disposition of businesses and assets, net
—

 
—

 
(8
)
 
4

 
—

 
(4
)
Operating profit (loss)
—

 
(3
)
 
207

 
866

 
5

 
1,075

Equity in net earnings (loss) of affiliates
1,108

 
1,112

 
872

 
170

 
(3,082
)
 
180

Non-operating pension and other postretirement employee benefit (expense) income
—

 
—

 
70

 
8

 
(1
)
 
77

Interest expense
—

 
(15
)
 
(93
)
 
(25
)
 
38

 
(95
)
Interest income
—

 
31

 
5

 
7

 
(39
)
 
4

Dividend income - equity investments
—

 
—

 
—

 
89

 
3

 
92

Other income (expense), net
—

 
—

 
1

 
3

 
(1
)
 
3

Earnings (loss) from continuing operations before tax
1,108

 
1,125

 
1,062

 
1,118

 
(3,077
)
 
1,336

Income tax (provision) benefit
—

 
(17
)
 
(115
)
 
(83
)
 
(1
)
 
(216
)
Earnings (loss) from continuing operations
1,108

 
1,108

 
947

 
1,035

 
(3,078
)
 
1,120

Earnings (loss) from operation of discontinued operations
—

 
—

 
(2
)
 
(7
)
 
—

 
(9
)
Income tax (provision) benefit from discontinued operations
—

 
—

 
—

 
1

 
—

 
1

Earnings (loss) from discontinued operations
—

 
—

 
(2
)
 
(6
)
 
—

 
(8
)
Net earnings (loss)
1,108

 
1,108

 
945

 
1,029

 
(3,078
)
 
1,112

Net (earnings) loss attributable to noncontrolling interests
—

 
—

 
—

 
(4
)
 
—

 
(4
)
Net earnings (loss) attributable to Celanese Corporation
1,108

 
1,108

 
945

 
1,025

 
(3,078
)
 
1,108


CELANESE CORPORATION AND SUBSIDIARIES
UNAUDITED INTERIM CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
 
Three Months Ended September 30, 2019
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net earnings (loss)
263

 
277

 
249

 
195

 
(719
)
 
265

Other comprehensive income (loss), net of tax
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation gain (loss)
(7
)
 
(7
)
 
(52
)
 
(67
)
 
126

 
(7
)
Gain (loss) on cash flow hedges
(32
)
 
(32
)
 
(12
)
 
(12
)
 
56

 
(32
)
Total other comprehensive income (loss), net of tax
(39
)
 
(39
)
 
(64
)
 
(79
)
 
182

 
(39
)
Total comprehensive income (loss), net of tax
224

 
238

 
185

 
116

 
(537
)
 
226

Comprehensive (income) loss attributable to noncontrolling interests
—

 
—

 
—

 
(2
)
 
—

 
(2
)
Comprehensive income (loss) attributable to Celanese Corporation
224

 
238

 
185

 
114

 
(537
)
 
224

 
Three Months Ended September 30, 2018
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net earnings (loss)
401

 
401

 
343

 
349

 
(1,092
)
 
402

Other comprehensive income (loss), net of tax
 
 
 
 
 
 
 
 
 
 
 
Unrealized gain (loss) on marketable securities
—

 
—

 
1

 
—

 
(1
)
 
—

Foreign currency translation gain (loss)
(35
)
 
(35
)
 
(31
)
 
(37
)
 
103

 
(35
)
Gain (loss) on cash flow hedges
4

 
4

 
2

 
2

 
(8
)
 
4

Total other comprehensive income (loss), net of tax
(31
)
 
(31
)
 
(28
)
 
(35
)
 
94

 
(31
)
Total comprehensive income (loss), net of tax
370

 
370

 
315

 
314

 
(998
)
 
371

Comprehensive (income) loss attributable to noncontrolling interests
—

 
—

 
—

 
(1
)
 
—

 
(1
)
Comprehensive income (loss) attributable to Celanese Corporation
370

 
370

 
315

 
313

 
(998
)
 
370


CELANESE CORPORATION AND SUBSIDIARIES
UNAUDITED INTERIM CONSOLIDATING STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
 
Nine Months Ended September 30, 2019
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net earnings (loss)
809

 
823

 
738

 
588

 
(2,145
)
 
813

Other comprehensive income (loss), net of tax
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation gain (loss)
(11
)
 
(11
)
 
(68
)
 
(87
)
 
166

 
(11
)
Gain (loss) on cash flow hedges
(48
)
 
(48
)
 
(9
)
 
(7
)
 
64

 
(48
)
Total other comprehensive income (loss), net of tax
(59
)
 
(59
)
 
(77
)
 
(94
)
 
230

 
(59
)
Total comprehensive income (loss), net of tax
750

 
764

 
661

 
494

 
(1,915
)
 
754

Comprehensive (income) loss attributable to noncontrolling interests
—

 
—

 
—

 
(4
)
 
—

 
(4
)
Comprehensive income (loss) attributable to Celanese Corporation
750

 
764

 
661

 
490

 
(1,915
)
 
750

 
Nine Months Ended September 30, 2018
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net earnings (loss)
1,108

 
1,108

 
945

 
1,029

 
(3,078
)
 
1,112

Other comprehensive income (loss), net of tax
 
 
 
 
 
 
 
 
 
 
 
Unrealized gain (loss) on marketable securities
—

 
—

 
6

 
13

 
(19
)
 
—

Foreign currency translation gain (loss)
(52
)
 
(52
)
 
(77
)
 
(95
)
 
224

 
(52
)
Gain (loss) on cash flow hedges
9

 
9

 
6

 
7

 
(22
)
 
9

Pension and postretirement benefits gain (loss)
1

 
1

 
1

 
1

 
(3
)
 
1

Total other comprehensive income (loss), net of tax
(42
)
 
(42
)
 
(64
)
 
(74
)
 
180

 
(42
)
Total comprehensive income (loss), net of tax
1,066

 
1,066

 
881

 
955

 
(2,898
)
 
1,070

Comprehensive (income) loss attributable to noncontrolling interests
—

 
—

 
—

 
(4
)
 
—

 
(4
)
Comprehensive income (loss) attributable to Celanese Corporation
1,066

 
1,066

 
881

 
951

 
(2,898
)
 
1,066


CELANESE CORPORATION AND SUBSIDIARIES
UNAUDITED CONSOLIDATING BALANCE SHEET
 
As of September 30, 2019
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
ASSETS
 
 
 
 
 
 
 
 
 
 
 
Current Assets
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
—

 
—

 
87

 
410

 
—

 
497

Trade receivables - third party and affiliates
—

 
—

 
102

 
958

 
(113
)
 
947

Non-trade receivables, net
46

 
1,082

 
1,771

 
705

 
(3,269
)
 
335

Inventories, net
—

 
—

 
337

 
706

 
(49
)
 
994

Marketable securities, at fair value
—

 
—

 
26

 
—

 
—

 
26

Other assets
—

 
31

 
17

 
73

 
(77
)
 
44

Total current assets
46

 
1,113

 
2,340

 
2,852

 
(3,508
)
 
2,843

Investments in affiliates
4,006

 
5,135

 
4,241

 
839

 
(13,251
)
 
970

Property, plant and equipment, net
—

 
—

 
1,373

 
2,212

 
—

 
3,585

Operating lease right-of-use assets
—

 
—

 
54

 
152

 
—

 
206

Deferred income taxes
—

 
—

 
—

 
100

 
(2
)
 
98

Other assets
1

 
1,674

 
194

 
426

 
(1,951
)
 
344

Goodwill
—

 
—

 
399

 
655

 
—

 
1,054

Intangible assets, net
—

 
—

 
127

 
187

 
—

 
314

Total assets
4,053

 
7,922

 
8,728

 
7,423

 
(18,712
)
 
9,414

LIABILITIES AND EQUITY
 
 
 
 
 
 
 
 
 
 
 
Current Liabilities
 
 
 
 
 
 
 
 
 
 
 
Short-term borrowings and current installments of long-term debt - third party and affiliates
1,280

 
251

 
914

 
555

 
(2,632
)
 
368

Trade payables - third party and affiliates
25

 
1

 
295

 
556

 
(113
)
 
764

Other liabilities
—

 
79

 
190

 
297

 
(208
)
 
358

Income taxes payable
1

 
—

 
495

 
53

 
(506
)
 
43

Total current liabilities
1,306

 
331

 
1,894

 
1,461

 
(3,459
)
 
1,533

Noncurrent Liabilities
 
 
 
 
 
 
 
 
 
 
 
Long-term debt
—

 
3,502

 
1,678

 
104

 
(1,925
)
 
3,359

Deferred income taxes
—

 
26

 
84

 
161

 
(2
)
 
269

Uncertain tax positions
—

 
2

 
6

 
161

 
—

 
169

Benefit obligations
—

 
—

 
237

 
286

 
—

 
523

Operating lease liabilities
—

 
—

 
43

 
139

 
—

 
182

Other liabilities
—

 
55

 
94

 
126

 
(35
)
 
240

Total noncurrent liabilities
—

 
3,585

 
2,142

 
977

 
(1,962
)
 
4,742

Total Celanese Corporation stockholders' equity
2,747

 
4,006

 
4,692

 
4,593

 
(13,291
)
 
2,747

Noncontrolling interests
—

 
—

 
—

 
392

 
—

 
392

Total equity
2,747

 
4,006

 
4,692

 
4,985

 
(13,291
)
 
3,139

Total liabilities and equity
4,053

 
7,922

 
8,728

 
7,423

 
(18,712
)
 
9,414

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
 
Nine Months Ended September 30, 2019
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net cash provided by (used in) operating activities
988

 
(47
)
 
1,132

 
616

 
(1,561
)
 
1,128

Investing Activities
 
 
 
 
 
 
 
 
 
 
 
Capital expenditures on property, plant and equipment
—

 
—

 
(137
)
 
(89
)
 
—

 
(226
)
Acquisitions, net of cash acquired
—

 
—

 
(31
)
 
(60
)
 
—

 
(91
)
Proceeds from sale of businesses and assets, net
—

 
—

 
6

 
—

 
(5
)
 
1

Return of capital from subsidiary
—

 
—

 
7

 
—

 
(7
)
 
—

Intercompany loan receipts (disbursements)
—

 
—

 
(649
)
 
—

 
649

 
—

Other, net
—

 
—

 
1

 
(15
)
 
5

 
(9
)
Net cash provided by (used in) investing activities
—

 
—

 
(803
)
 
(164
)
 
642

 
(325
)
Financing Activities
 

 
 

 
 

 
 

 
 

 
 

Net change in short-term borrowings with maturities of 3 months or less
—

 
165

 
4

 
(3
)
 
(39
)
 
127

Proceeds from short-term borrowings
—

 
—

 
—

 
720

 
(610
)
 
110

Repayments of short-term borrowings
—

 
—

 
—

 
(85
)
 
—

 
(85
)
Proceeds from long-term debt
—

 
499

 
—

 
—

 
—

 
499

Repayments of long-term debt
—

 
(335
)
 
(1
)
 
(18
)
 
—

 
(354
)
Purchases of treasury stock, including related fees
(763
)
 
—

 
—

 
—

 
—

 
(763
)
Dividends to parent
—

 
(272
)
 
(251
)
 
(1,038
)
 
1,561

 
—

Common stock dividends
(225
)
 
—

 
—

 
—

 
—

 
(225
)
Return of capital to parent
—

 
—

 
—

 
(7
)
 
7

 
—

(Distributions to) contributions from noncontrolling interests
—

 
—

 
—

 
(7
)
 
—

 
(7
)
Other, net
—

 
(10
)
 
(24
)
 
(4
)
 
—

 
(38
)
Net cash provided by (used in) financing activities
(988
)
 
47

 
(272
)
 
(442
)
 
919

 
(736
)
Exchange rate effects on cash and cash equivalents
—

 
—

 
—

 
(9
)
 
—

 
(9
)
Net increase (decrease) in cash and cash equivalents
—

 
—

 
57

 
1

 
—

 
58

Cash and cash equivalents as of beginning of period
—

 
—

 
30

 
409

 
—

 
439

Cash and cash equivalents as of end of period
—

 
—

 
87

 
410

 
—

 
497

CELANESE CORPORATION AND SUBSIDIARIES
UNAUDITED INTERIM CONSOLIDATING STATEMENT OF CASH FLOWS
 
Nine Months Ended September 30, 2018
 
Parent
Guarantor
 
Issuer
 
Subsidiary
Guarantors
 
Non-
Guarantors
 
Eliminations
 
Consolidated
 
(In $ millions)
Net cash provided by (used in) operating activities
459

 
567

 
224

 
1,015

 
(1,070
)
 
1,195

Investing Activities
 
 
 
 
 
 
 
 
 
 
 
Capital expenditures on property, plant and equipment
—

 
—

 
(163
)
 
(81
)
 
—

 
(244
)
Acquisitions, net of cash acquired
—

 
—

 
(144
)
 
—

 
—

 
(144
)
Proceeds from sale of businesses and assets, net
—

 
—

 
—

 
13

 
—

 
13

Return of capital from subsidiary
—

 
—

 
225

 
—

 
(225
)
 
—

Contributions to subsidiary
—

 
—

 
(16
)
 
—

 
16

 
—

Intercompany loan receipts (disbursements)
—

 
(327
)
 
(12
)
 
(285
)
 
624

 
—

Other, net
—

 
—

 
(7
)
 
(27
)
 
—

 
(34
)
Net cash provided by (used in) investing activities
—

 
(327
)
 
(117
)
 
(380
)
 
415

 
(409
)
Financing Activities
 
 
 
 
 
 
 
 
 
 
 
Net change in short-term borrowings with maturities of 3 months or less
—

 
(33
)
 
11

 
(52
)
 
(12
)
 
(86
)
Proceeds from short-term borrowings
—

 
—

 
—

 
44

 
—

 
44

Repayments of short-term borrowings
—

 
—

 
—

 
(62
)
 
—

 
(62
)
Proceeds from long-term debt
—

 
285

 
327

 
—

 
(612
)
 
—

Repayments of long-term debt
—

 
(19
)
 
(13
)
 
(24
)
 
—

 
(56
)
Purchases of treasury stock, including related fees
(250
)
 
—

 
—

 
—

 
—

 
(250
)
Dividends to parent
—

 
(459
)
 
(611
)
 
—

 
1,070

 
—

Contributions from parent
—

 
—

 
—

 
16

 
(16
)
 
—

Common stock dividends
(209
)
 
—

 
—

 
—

 
—

 
(209
)
Return of capital to parent
—

 
—

 
—

 
(225
)
 
225

 
—

(Distributions to) contributions from noncontrolling interests
—

 
—

 
—

 
(14
)
 
—

 
(14
)
Other, net
—

 
—

 
(5
)
 
(1
)
 
—

 
(6
)
Net cash provided by (used in) financing activities
(459
)
 
(226
)
 
(291
)
 
(318
)
 
655

 
(639
)
Exchange rate effects on cash and cash equivalents
—

 
—

 
—

 
(20
)
 
—

 
(20
)
Net increase (decrease) in cash and cash equivalents
—

 
14

 
(184
)
 
297

 
—

 
127

Cash and cash equivalents as of beginning of period
—

 
—

 
230

 
346

 
—

 
576

Cash and cash equivalents as of end of period
—

 
14

 
46

 
643

 
—

 
703