Consolidating Guarantor Financial Information (Tables)

12 Months Ended

Dec. 31, 2019

Consolidating Guarantor Financial Information [Abstract]

Schedule of Consolidating Statements of Operations

CELANESE CORPORATION AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF OPERATIONS

	Year Ended December 31, 2019
	Parent Guarantor		Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net sales	—		—		2,298		5,137		(1,138	)	6,297
Cost of sales	—		—		(1,795	)	(4,036	)	1,140		(4,691	)
Gross profit	—		—		503		1,101		2		1,606
Selling, general and administrative expenses	—		—		(179	)	(304	)	—		(483	)
Amortization of intangible assets	—		—		(8	)	(16	)	—		(24	)
Research and development expenses	—		—		(27	)	(40	)	—		(67	)
Other (charges) gains, net	—		—		(8	)	(195	)	—		(203	)
Foreign exchange gain (loss), net	—		—		—		7		—		7
Gain (loss) on disposition of businesses and assets, net	—		—		(9	)	7		—		(2	)
Operating profit (loss)	—		—		272		560		2		834
Equity in net earnings (loss) of affiliates	881		856		551		165		(2,271	)	182
Non-operating pension and other postretirement employee benefit (expense) income	—		—		13		(33	)	—		(20	)
Interest expense	(29	)	(39	)	(127	)	(37	)	117		(115	)
Refinancing expense	—		(4	)	—		—		—		(4	)
Interest income	—		63		49		11		(117	)	6
Dividend income - equity investments	—		—		—		113		—		113
Other income (expense), net	—		(7	)	1		(2	)	—		(8	)
Earnings (loss) from continuing operations before tax	852		869		759		777		(2,269	)	988
Income tax (provision) benefit	—		12		23		(158	)	(1	)	(124	)
Earnings (loss) from continuing operations	852		881		782		619		(2,270	)	864
Earnings (loss) from operation of discontinued operations	—		—		(8	)	—		—		(8	)
Income tax (provision) benefit from discontinued operations	—		—		2		—		—		2
Earnings (loss) from discontinued operations	—		—		(6	)	—		—		(6	)
Net earnings (loss)	852		881		776		619		(2,270	)	858
Net (earnings) loss attributable to noncontrolling interests	—		—		—		(6	)	—		(6	)
Net earnings (loss) attributable to Celanese Corporation	852		881		776		613		(2,270	)	852

CELANESE CORPORATION AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF OPERATIONS

	Year Ended December 31, 2018
	Parent Guarantor	Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net sales	—	—		2,387		5,954		(1,186	)	7,155
Cost of sales	—	—		(1,898	)	(4,471	)	1,186		(5,183	)
Gross profit	—	—		489		1,483		—		1,972
Selling, general and administrative expenses	—	—		(213	)	(333	)	—		(546	)
Amortization of intangible assets	—	—		(8	)	(16	)	—		(24	)
Research and development expenses	—	—		(30	)	(42	)	—		(72	)
Other (charges) gains, net	—	—		—		9		—		9
Foreign exchange gain (loss), net	—	(3	)	—		3		—		—
Gain (loss) on disposition of businesses and assets, net	—	—		(10	)	5		—		(5	)
Operating profit (loss)	—	(3	)	228		1,109		—		1,334
Equity in net earnings (loss) of affiliates	1,207	1,202		1,033		220		(3,429	)	233
Non-operating pension and other postretirement employee benefit (expense) income	—	—		(28	)	(34	)	—		(62	)
Interest expense	—	(30	)	(118	)	(33	)	56		(125	)
Refinancing expense	—	(1	)	—		—		—		(1	)
Interest income	—	45		7		10		(56	)	6
Dividend income - equity investments	—	—		—		113		4		117
Other income (expense), net	—	5		1		3		(1	)	8
Earnings (loss) from continuing operations before tax	1,207	1,218		1,123		1,388		(3,426	)	1,510
Income tax (provision) benefit	—	(11	)	(106	)	(176	)	1		(292	)
Earnings (loss) from continuing operations	1,207	1,207		1,017		1,212		(3,425	)	1,218
Earnings (loss) from operation of discontinued operations	—	—		3		(8	)	—		(5	)
Income tax (provision) benefit from discontinued operations	—	—		(1	)	1		—		—
Earnings (loss) from discontinued operations	—	—		2		(7	)	—		(5	)
Net earnings (loss)	1,207	1,207		1,019		1,205		(3,425	)	1,213
Net (earnings) loss attributable to noncontrolling interests	—	—		—		(6	)	—		(6	)
Net earnings (loss) attributable to Celanese Corporation	1,207	1,207		1,019		1,199		(3,425	)	1,207

CELANESE CORPORATION AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF OPERATIONS

	Year Ended December 31, 2017
	Parent Guarantor	Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net sales	—	—		2,240		5,013		(1,113	)	6,140
Cost of sales	—	—		(1,723	)	(4,014	)	1,108		(4,629	)
Gross profit	—	—		517		999		(5	)	1,511
Selling, general and administrative expenses	—	—		(189	)	(307	)	—		(496	)
Amortization of intangible assets	—	—		(4	)	(16	)	—		(20	)
Research and development expenses	—	—		(32	)	(41	)	—		(73	)
Other (charges) gains, net	—	—		(6	)	(53	)	—		(59	)
Foreign exchange gain (loss), net	—	—		—		(1	)	—		(1	)
Gain (loss) on disposition of businesses and assets, net	—	—		(8	)	3		—		(5	)
Operating profit (loss)	—	—		278		584		(5	)	857
Equity in net earnings (loss) of affiliates	843	867		591		166		(2,284	)	183
Non-operating pension and other postretirement employee benefit (expense) income	—	—		60		(16	)	—		44
Interest expense	—	(20	)	(104	)	(30	)	32		(122	)
Interest income	—	25		4		5		(32	)	2
Dividend income - equity investments	—	—		—		111		(3	)	108
Other income (expense), net	—	(3	)	2		4		—		3
Earnings (loss) from continuing operations before tax	843	869		831		824		(2,292	)	1,075
Income tax (provision) benefit	—	(26	)	(62	)	(125	)	—		(213	)
Earnings (loss) from continuing operations	843	843		769		699		(2,292	)	862
Earnings (loss) from operation of discontinued operations	—	—		(2	)	(14	)	—		(16	)
Income tax (provision) benefit from discontinued operations	—	—		1		2		—		3
Earnings (loss) from discontinued operations	—	—		(1	)	(12	)	—		(13	)
Net earnings (loss)	843	843		768		687		(2,292	)	849
Net (earnings) loss attributable to noncontrolling interests	—	—		—		(6	)	—		(6	)
Net earnings (loss) attributable to Celanese Corporation	843	843		768		681		(2,292	)	843

Schedule of Consolidating Statements of Comprehensive Income (Loss)

CELANESE CORPORATION AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

	Year Ended December 31, 2019
	Parent Guarantor		Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net earnings (loss)	852		881		776		619		(2,270	)	858
Other comprehensive income (loss), net of tax
Foreign currency translation	(16	)	(16	)	(39	)	(48	)	103		(16	)
Gain (loss) from cash flow hedges	(30	)	(30	)	(6	)	(4	)	40		(30	)
Pension and postretirement benefits	(7	)	(7	)	(6	)	(7	)	20		(7	)
Total other comprehensive income (loss), net of tax	(53	)	(53	)	(51	)	(59	)	163		(53	)
Total comprehensive income (loss), net of tax	799		828		725		560		(2,107	)	805
Comprehensive (income) loss attributable to noncontrolling interests	—		—		—		(6	)	—		(6	)
Comprehensive income (loss) attributable to Celanese Corporation	799		828		725		554		(2,107	)	799

CELANESE CORPORATION AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

	Year Ended December 31, 2018
	Parent Guarantor		Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net earnings (loss)	1,207		1,207		1,019		1,205		(3,425	)	1,213
Other comprehensive income (loss), net of tax
Unrealized gain (loss) on marketable securities	—		—		6		13		(19	)	—
Foreign currency translation	(60	)	(60	)	(90	)	(109	)	259		(60	)
Gain (loss) from cash flow hedges	(10	)	(10	)	(2	)	(1	)	13		(10	)
Total other comprehensive income (loss), net of tax	(70	)	(70	)	(86	)	(97	)	253		(70	)
Total comprehensive income (loss), net of tax	1,137		1,137		933		1,108		(3,172	)	1,143
Comprehensive (income) loss attributable to noncontrolling interests	—		—		—		(6	)	—		(6	)
Comprehensive income (loss) attributable to Celanese Corporation	1,137		1,137		933		1,102		(3,172	)	1,137

CELANESE CORPORATION AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS)

	Year Ended December 31, 2017
	Parent Guarantor		Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net earnings (loss)	843		843		768		687		(2,292	)	849
Other comprehensive income (loss), net of tax
Unrealized gain (loss) on marketable securities	(1	)	(1	)	(1	)	(1	)	3		(1	)
Foreign currency translation	174		174		226		268		(668	)	174
Gain (loss) from cash flow hedges	(1	)	(1	)	(1	)	(1	)	3		(1	)
Pension and postretirement benefits	9		9		7		10		(26	)	9
Total other comprehensive income (loss), net of tax	181		181		231		276		(688	)	181
Total comprehensive income (loss), net of tax	1,024		1,024		999		963		(2,980	)	1,030
Comprehensive (income) loss attributable to noncontrolling interests	—		—		—		(6	)	—		(6	)
Comprehensive income (loss) attributable to Celanese Corporation	1,024		1,024		999		957		(2,980	)	1,024

Schedule of Consolidating Balance Sheets

CELANESE CORPORATION AND SUBSIDIARIES

CONSOLIDATING BALANCE SHEET

	As of December 31, 2019
	Parent Guarantor	Issuer	Subsidiary Guarantors	Non- Guarantors	Eliminations		Consolidated
	(In $ millions)
ASSETS
Current Assets
Cash and cash equivalents	—	—	16	447	—		463
Trade receivables - third party and affiliates	—	—	122	851	(123	)	850
Non-trade receivables, net	56	1,188	1,925	743	(3,581	)	331
Inventories, net	—	—	360	725	(47	)	1,038
Marketable securities	—	—	24	16	—		40
Other assets	—	36	11	38	(42	)	43
Total current assets	56	1,224	2,458	2,820	(3,793	)	2,765
Investments in affiliates	4,064	5,217	4,206	841	(13,353	)	975
Property, plant and equipment, net	—	—	1,461	2,252	—		3,713
Operating lease right-of-use assets	—	—	50	153	—		203
Deferred income taxes	—	—	—	101	(5	)	96
Other assets	—	1,661	195	445	(1,963	)	338
Goodwill	—	—	399	675	—		1,074
Intangible assets, net	—	—	125	187	—		312
Total assets	4,120	8,102	8,894	7,474	(19,114	)	9,476
LIABILITIES AND EQUITY
Current Liabilities
Short-term borrowings and current installments of long-term debt - third party and affiliates	1,596	374	1,089	385	(2,948	)	496
Trade payables - third party and affiliates	17	—	333	553	(123	)	780
Other liabilities	—	49	188	397	(173	)	461
Income taxes payable	—	—	439	80	(502	)	17
Total current liabilities	1,613	423	2,049	1,415	(3,746	)	1,754
Noncurrent Liabilities
Long-term debt, net of unamortized deferred financing costs	—	3,565	1,677	101	(1,934	)	3,409
Deferred income taxes	—	3	101	158	(5	)	257
Uncertain tax positions	—	—	—	169	(4	)	165
Benefit obligations	—	—	257	332	—		589
Operating lease liabilities	—	—	40	140	1		181
Other liabilities	—	47	93	118	(35	)	223
Total noncurrent liabilities	—	3,615	2,168	1,018	(1,977	)	4,824
Total Celanese Corporation stockholders' equity	2,507	4,064	4,677	4,650	(13,391	)	2,507
Noncontrolling interests	—	—	—	391	—		391
Total equity	2,507	4,064	4,677	5,041	(13,391	)	2,898
Total liabilities and equity	4,120	8,102	8,894	7,474	(19,114	)	9,476

CELANESE CORPORATION AND SUBSIDIARIES

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	—	—	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, net of unamortized deferred financing costs	—	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

Schedule of Consolidating Cash Flow Statements

CELANESE CORPORATION AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF CASH FLOWS

	Year Ended December 31, 2019
	Parent Guarantor		Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net cash provided by (used in) operating activities	1,297		(42	)	1,044		716		(1,561	)	1,454
Investing Activities
Capital expenditures on property, plant and equipment	—		—		(246	)	(124	)	—		(370	)
Acquisitions, net of cash acquired	—		—		(31	)	(60	)	—		(91	)
Proceeds from sale of businesses and assets, net	—		—		9		—		(8	)	1
Return of capital from subsidiary	—		—		10		—		(10	)	—
Contributions to subsidiary	—		—		(222	)	(218	)	440		—
Intercompany loan receipts (disbursements)	—		—		(536	)	—		536		—
Purchases of marketable securities	—		—		—		(16	)	—		(16	)
Other, net	—		—		—		(25	)	8		(17	)
Net cash provided by (used in) investing activities	—		—		(1,016	)	(443	)	966		(493	)
Financing Activities
Net change in short-term borrowings with maturities of 3 months or less	—		160		17		(4	)	74		247
Proceeds from short-term borrowings	—		—		—		727		(610	)	117
Repayments of short-term borrowings	—		—		—		(91	)	—		(91	)
Proceeds from long-term debt	—		499		—		—		—		499
Repayments of long-term debt	—		(335	)	(1	)	(24	)	—		(360	)
Purchases of treasury stock, including related fees	(996	)	—		—		—		—		(996	)
Dividends to parent	—		(272	)	(251	)	(1,038	)	1,561		—
Contributions from parent	—		—		218		222		(440	)	—
Stock option exercises	(1	)	—		—		—		—		(1	)
Common stock dividends	(300	)	—		—		—		—		(300	)
Return of capital to parent	—		—		—		(10	)	10		—
(Distributions to) contributions from noncontrolling interests	—		—		—		(10	)	—		(10	)
Other, net	—		(10	)	(25	)	(5	)	—		(40	)
Net cash provided by (used in) financing activities	(1,297	)	42		(42	)	(233	)	595		(935	)
Exchange rate effects on cash and cash equivalents	—		—		—		(2	)	—		(2	)
Net increase (decrease) in cash and cash equivalents	—		—		(14	)	38		—		24
Cash and cash equivalents as of beginning of period	—		—		30		409		—		439
Cash and cash equivalents as of end of period	—		—		16		447		—		463

CELANESE CORPORATION AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF CASH FLOWS

	Year Ended December 31, 2018
	Parent Guarantor		Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net cash provided by (used in) operating activities	1,085		560		259		833		(1,179	)	1,558
Investing Activities
Capital expenditures on property, plant and equipment	—		—		(225	)	(112	)	—		(337	)
Acquisitions, net of cash acquired	—		—		(144	)	—		—		(144	)
Proceeds from sale of businesses and assets, net	—		—		—		13		—		13
Return of capital from subsidiary	—		—		233		—		(233	)	—
Contributions to subsidiary	—		—		(25	)	—		25		—
Intercompany loan receipts (disbursements)	—		(427	)	(66	)	(285	)	778		—
Other, net	—		—		(8	)	(31	)	—		(39	)
Net cash provided by (used in) investing activities	—		(427	)	(235	)	(415	)	570		(507	)
Financing Activities
Net change in short-term borrowings with maturities of 3 months or less	—		61		18		(51	)	(66	)	(38	)
Proceeds from short-term borrowings	—		—		—		51		—		51
Repayments of short-term borrowings	—		—		—		(78	)	—		(78	)
Proceeds from long-term debt	—		846		427		—		(712	)	561
Repayments of long-term debt	—		(494	)	(26	)	(16	)	—		(536	)
Purchases of treasury stock, including related fees	(805	)	—		—		—		—		(805	)
Dividends to parent	—		(541	)	(633	)	(5	)	1,179		—
Contributions from parent	—		—		—		25		(25	)	—
Common stock dividends	(280	)	—		—		—		—		(280	)
Return of capital to parent	—		—		—		(233	)	233		—
(Distributions to) contributions from noncontrolling interests	—		—		—		(23	)	—		(23	)
Other, net	—		(5	)	(10	)	(2	)	—		(17	)
Net cash provided by (used in) financing activities	(1,085	)	(133	)	(224	)	(332	)	609		(1,165	)
Exchange rate effects on cash and cash equivalents	—		—		—		(23	)	—		(23	)
Net increase (decrease) in cash and cash equivalents	—		—		(200	)	63		—		(137	)
Cash and cash equivalents as of beginning of period	—		—		230		346		—		576
Cash and cash equivalents as of end of period	—		—		30		409		—		439

CELANESE CORPORATION AND SUBSIDIARIES

CONSOLIDATING STATEMENT OF CASH FLOWS

	Year Ended December 31, 2017
	Parent Guarantor		Issuer		Subsidiary Guarantors		Non- Guarantors		Eliminations		Consolidated
	(In $ millions)
Net cash provided by (used in) operating activities	740		868		425		593		(1,823	)	803
Investing Activities
Capital expenditures on property, plant and equipment	—		—		(176	)	(91	)	—		(267	)
Acquisitions, net of cash acquired	—		(11	)	(12	)	(274	)	28		(269	)
Proceeds from sale of businesses and assets, net	—		—		9		20		(28	)	1
Return of capital from subsidiary	—		16		241		—		(257	)	—
Intercompany loan receipts (disbursements)	—		(530	)	(25	)	—		555		—
Other, net	—		—		(2	)	(12	)	—		(14	)
Net cash provided by (used in) investing activities	—		(525	)	35		(357	)	298		(549	)
Financing Activities
Net change in short-term borrowings with maturities of 3 months or less	—		56		15		51		(11	)	111
Proceeds from short-term borrowings	—		—		—		182		—		182
Repayments of short-term borrowings	—		—		—		(124	)	—		(124	)
Proceeds from long-term debt	—		351		530		14		(544	)	351
Repayments of long-term debt	—		(6	)	(2	)	(69	)	—		(77	)
Purchases of treasury stock, including related fees	(500	)	—		—		—		—		(500	)
Dividends to parent	—		(741	)	(802	)	(280	)	1,823		—
Stock option exercises	1		—		—		—		—		1
Common stock dividends	(241	)	—		—		—		—		(241	)
Return of capital to parent	—		—		—		(257	)	257		—
(Distributions to) contributions from noncontrolling interests	—		—		—		(27	)	—		(27	)
Other, net	—		(3	)	(22	)	(2	)	—		(27	)
Net cash provided by (used in) financing activities	(740	)	(343	)	(281	)	(512	)	1,525		(351	)
Exchange rate effects on cash and cash equivalents	—		—		—		35		—		35
Net increase (decrease) in cash and cash equivalents	—		—		179		(241	)	—		(62	)
Cash and cash equivalents as of beginning of period	—		—		51		587		—		638
Cash and cash equivalents as of end of period	—		—		230		346		—		576