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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Current Assets    
Cash and cash equivalents (variable interest entity restricted - 2019: $57; 2018: $24) $ 463 $ 439
Trade receivables - third party and affiliates (net of allowance for doubtful accounts - 2019: $9; 2018: $10; variable interest entity restricted - 2019: $6; 2018: $6) 850 1,017
Non-trade receivables, net 331 301
Inventories 1,038 1,046
Marketable securities 40 31
Other assets 43 40
Total current assets 2,765 2,874
Investments in affiliates 975 979
Property, plant and equipment (net of accumulated depreciation - 2019: $2,957; 2018: $2,803; variable interest entity restricted - 2019: $622; 2018: $659) 3,713 3,719
Operating lease right-of-use assets 203 0
Deferred income taxes 96 84
Other assets (variable interest entity restricted - 2019: $9; 2018: $5) 338 290
Goodwill 1,074 [1] 1,057
Intangible assets, net (variable interest entity restricted - 2019: $22; 2018: $23) 312 310
Total assets 9,476 9,313
Current Liabilities    
Short-term borrowings and current installments of long-term debt - third party and affiliates 496 561
Trade payables - third party and affiliates 780 819
Other liabilities 461 343
Income taxes payable 17 56
Total current liabilities 1,754 1,779
Long-term debt, net of unamortized deferred financing costs 3,409 2,970
Deferred income taxes 257 255
Uncertain tax positions 165 158
Operating Lease, Liability, Noncurrent 181 0
Benefit obligations 589 564
Other liabilities 223 208
Commitments and Contingencies
Stockholders' Equity    
Preferred stock, $0.01 par value, 100,000,000 shares authorized (2019 and 2018: 0 issued and outstanding) 0 0
Common stock, $0.0001 par value, 400,000,000 shares authorized (2019: 168,973,172 issued and 119,555,207 outstanding; 2018: 168,418,954 issued and 128,095,849 outstanding) 0 0
Treasury stock, at cost (2019: 49,417,965 shares; 2018: 40,323,105 shares) (3,846) (2,849)
Additional paid-in capital 254 233
Retained earnings 6,399 5,847
Accumulated other comprehensive income (loss), net (300) (247)
Total Celanese Corporation stockholders' equity 2,507 2,984
Noncontrolling interests 391 395
Total equity 2,898 3,379
Total liabilities and equity $ 9,476 $ 9,313
[1]
There were $0 million of accumulated impairment losses as of December 31, 2019.