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Unaudited Interim Consolidated Statement of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Net sales $ 1,798 $ 1,460
Cost of sales (1,313) (1,112)
Gross profit 485 348
Selling, general and administrative expenses (137) (125)
Amortization of intangible assets (6) (5)
Research and development expenses (20) (17)
Other (charges) gains, net 6 (6)
Foreign exchange gain (loss), net 3 (1)
Gain (loss) on disposition of businesses and assets, net (5) 0
Operating profit (loss) 326 194
Equity in net earnings (loss) of affiliates 29 57
Non-operating pension and other postretirement employee benefit (expense) income 38 28
Interest expense (25) (28)
Interest income 1 2
Dividend income - equity investments 42 37
Other income (expense), net (2) 2
Earnings (loss) from continuing operations before tax 409 292
Income tax (provision) benefit (85) (65)
Earnings (loss) from continuing operations 324 227
Earnings (loss) from operation of discontinued operations (1) (7)
Income tax (provision) benefit from discontinued operations 0 0
Earnings (loss) from discontinued operations (1) (7)
Net earnings (loss) 323 220
Net (earnings) loss attributable to noncontrolling interests (1) (2)
Net earnings (loss) attributable to Celanese Corporation 322 218
Amounts attributable to Celanese Corporation    
Earnings (loss) from continuing operations 323 225
Earnings (loss) from discontinued operations (1) (7)
Net earnings (loss) $ 322 $ 218
Earnings (loss) per common share - basic    
Continuing operations $ 2.85 $ 1.89
Discontinued operations (0.01) (0.06)
Net earnings (loss) - basic 2.84 1.83
Earnings (loss) per common share - diluted    
Continuing operations 2.83 1.88
Discontinued operations (0.01) (0.06)
Net earnings (loss) - diluted $ 2.82 $ 1.82
Weighted average shares - basic 113,511,369 119,251,689
Weighted average shares - diluted 114,028,145 119,899,844