XML 15 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Unaudited Interim Consolidated Statement of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Net sales $ 2,266 $ 1,411 $ 6,262 $ 4,064
Cost of sales (1,551) (1,084) (4,301) (3,147)
Gross profit 715 327 1,961 917
Selling, general and administrative expenses (165) (106) (463) (345)
Amortization of intangible assets (6) (6) (17) (17)
Research and development expenses (21) (19) (63) (54)
Other (charges) gains, net 0 (10) 3 (37)
Foreign exchange gain (loss), net 2 (2) 2 (2)
Gain (loss) on disposition of businesses and assets, net 11 0 6 (1)
Operating profit (loss) 536 184 1,429 461
Equity in net earnings (loss) of affiliates 44 25 110 113
Non-operating pension and other postretirement employee benefit (expense) income 37 28 113 83
Interest expense (21) (28) (70) (83)
Refinancing expense (9) 0 (9) 0
Interest income 2 1 7 4
Dividend income - equity investments 35 29 114 98
Other income (expense), net (2) 2 (3) 4
Earnings (loss) from continuing operations before tax 622 241 1,691 680
Income tax (provision) benefit (102) (30) (303) (130)
Earnings (loss) from continuing operations 520 211 1,388 550
Earnings (loss) from operation of discontinued operations (17) (2) (24) (13)
Income tax (provision) benefit from discontinued operations 4 0 6 1
Earnings (loss) from discontinued operations (13) (2) (18) (12)
Net earnings (loss) 507 209 1,370 538
Net (earnings) loss attributable to noncontrolling interests (1) (2) (4) (6)
Net earnings (loss) attributable to Celanese Corporation 506 207 1,366 532
Amounts attributable to Celanese Corporation        
Earnings (loss) from continuing operations 519 209 1,384 544
Earnings (loss) from discontinued operations (13) (2) (18) (12)
Net earnings (loss) $ 506 $ 207 $ 1,366 $ 532
Earnings (loss) per common share - basic        
Continuing operations $ 4.70 $ 1.77 $ 12.35 $ 4.59
Discontinued operations (0.12) (0.02) (0.16) (0.10)
Net earnings (loss) - basic 4.58 1.75 12.19 4.49
Earnings (loss) per common share - diluted        
Continuing operations 4.67 1.76 12.28 4.57
Discontinued operations (0.11) (0.01) (0.16) (0.10)
Net earnings (loss) - diluted $ 4.56 $ 1.75 $ 12.12 $ 4.47
Weighted average shares - basic 110,532,051 118,045,476 112,101,651 118,543,853
Weighted average shares - diluted 111,044,558 118,564,820 112,699,297 119,119,203