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Unaudited Interim Consolidated Statement of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Net sales $ 2,198 $ 1,193 $ 3,996 $ 2,653
Cost of sales (1,437) (951) (2,750) (2,063)
Gross profit 761 242 1,246 590
Selling, general and administrative expenses (161) (114) (298) (239)
Amortization of intangible assets (5) (6) (11) (11)
Research and development expenses (22) (18) (42) (35)
Other (charges) gains, net (3) (21) 3 (27)
Foreign exchange gain (loss), net (3) 1 0 0
Gain (loss) on disposition of businesses and assets, net 0 (1) (5) (1)
Operating profit (loss) 567 83 893 277
Equity in net earnings (loss) of affiliates 37 31 66 88
Non-operating pension and other postretirement employee benefit (expense) income 38 27 76 55
Interest expense (24) (27) (49) (55)
Interest income 4 1 5 3
Dividend income - equity investments 37 32 79 69
Other income (expense), net 1 0 (1) 2
Earnings (loss) from continuing operations before tax 660 147 1,069 439
Income tax (provision) benefit (116) (35) (201) (100)
Earnings (loss) from continuing operations 544 112 868 339
Earnings (loss) from operation of discontinued operations (6) (4) (7) (11)
Income tax (provision) benefit from discontinued operations 2 1 2 1
Earnings (loss) from discontinued operations (4) (3) (5) (10)
Net earnings (loss) 540 109 863 329
Net (earnings) loss attributable to noncontrolling interests (2) (2) (3) (4)
Net earnings (loss) attributable to Celanese Corporation 538 107 860 325
Amounts attributable to Celanese Corporation        
Earnings (loss) from continuing operations 542 110 865 335
Earnings (loss) from discontinued operations (4) (3) (5) (10)
Net earnings (loss) $ 538 $ 107 $ 860 $ 325
Earnings (loss) per common share - basic        
Continuing operations $ 4.83 $ 0.93 $ 7.66 $ 2.82
Discontinued operations (0.04) (0.03) (0.04) (0.08)
Net earnings (loss) - basic 4.79 0.90 7.62 2.74
Earnings (loss) per common share - diluted        
Continuing operations 4.81 0.93 7.62 2.81
Discontinued operations (0.04) (0.03) (0.04) (0.09)
Net earnings (loss) - diluted $ 4.77 $ 0.90 $ 7.58 $ 2.72
Weighted average shares - basic 112,294,274 118,339,872 112,899,459 118,795,780
Weighted average shares - diluted 112,758,639 118,767,633 113,470,581 119,377,515