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Unaudited Interim Consolidated Statement of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Net sales $ 1,460 $ 1,687
Cost of sales (1,112) (1,234)
Gross profit 348 453
Selling, general and administrative expenses (125) (120)
Amortization of intangible assets (5) (6)
Research and development expenses (17) (16)
Other (charges) gains, net (6) 4
Foreign exchange gain (loss), net (1) 5
Gain (loss) on disposition of businesses and assets, net 0 0
Operating profit (loss) 194 320
Equity in net earnings (loss) of affiliates 57 50
Non-operating pension and other postretirement employee benefit (expense) income 28 17
Interest expense (28) (31)
Interest income 2 1
Dividend income - equity investments 37 32
Other income (expense), net 2 (4)
Earnings (loss) from continuing operations before tax 292 385
Income tax (provision) benefit (65) (46)
Earnings (loss) from continuing operations 227 339
Earnings (loss) from operation of discontinued operations (7) (1)
Income tax (provision) benefit from discontinued operations 0 0
Earnings (loss) from discontinued operations (7) (1)
Net earnings (loss) 220 338
Net (earnings) loss attributable to noncontrolling interests (2) (1)
Net earnings (loss) attributable to Celanese Corporation 218 337
Amounts attributable to Celanese Corporation    
Earnings (loss) from continuing operations 225 338
Earnings (loss) from discontinued operations (7) (1)
Net earnings (loss) $ 218 $ 337
Earnings (loss) per common share - basic    
Continuing operations $ 1.89 $ 2.65
Discontinued operations (0.06) (0.01)
Net earnings (loss) - basic 1.83 2.64
Earnings (loss) per common share - diluted    
Continuing operations 1.88 2.64
Discontinued operations (0.06) (0.01)
Net earnings (loss) - diluted $ 1.82 $ 2.63
Weighted average shares - basic 119,251,689 127,542,328
Weighted average shares - diluted 119,899,844 128,215,700