XML 47 R34.htm IDEA: XBRL DOCUMENT v3.23.3
Debt (Tables)
 9 Months Ended
Sep. 30, 2023
Debt Disclosure [Abstract]  
Schedule of Short-term Debt
As of
September 30,
2023		As of
December 31,
2022
(In $ millions)
Short-Term Borrowings and Current Installments of Long-Term Debt - Third Party and Affiliates
Current installments of long-term debt1,061 506 
Short-term borrowings, including amounts due to affiliates(1)
142 500 
Revolving credit facilities(2)
205 300 
Total1,408 1,306 
______________________________
(1)The weighted average interest rate was 2.9% and 5.8% as of September 30, 2023 and December 31, 2022, respectively.
(2)The weighted average interest rate was 3.4% and 5.8% as of September 30, 2023 and December 31, 2022, respectively.
Schedule of Long-term Debt
As of
September 30,
2023		As of
December 31,
2022
(In $ millions)
Long-Term Debt
Senior unsecured notes due 2023, interest rate of 1.125%
— 480 
Senior unsecured notes due 2024, interest rate of 3.500%
473 499 
Senior unsecured notes due 2024, interest rate of 5.900%
527 2,000 
Senior unsecured notes due 2025, interest rate of 1.250%
318 320 
Senior unsecured notes due 2025, interest rate of 6.050%
1,000 1,750 
Senior unsecured term loan due 2025(1)
— 750 
Senior unsecured notes due 2026, interest rate of 1.400%
400 400 
Senior unsecured notes due 2026, interest rate of 4.777%
1,060 1,067 
Senior unsecured notes due 2027, interest rate of 2.125%
528 531 
Senior unsecured notes due 2027, interest rate of 6.165%
2,000 2,000 
Senior unsecured term loan due 2027(1)
1,000 1,000 
Senior unsecured notes due 2028, interest rate of 0.625%
529 533 
Senior unsecured notes due 2028, interest rate of 6.350%
1,000 — 
Senior unsecured notes due 2029, interest rate of 5.337%
529 533 
Senior unsecured notes due 2029, interest rate of 6.330%
750 750 
Senior unsecured notes due 2030, interest rate of 6.550%
999 — 
Senior unsecured notes due 2032, interest rate of 6.379%
1,000 1,000 
Senior unsecured notes due 2033, interest rate of 6.700%
1,000 — 
Pollution control and industrial revenue bonds due at various dates through 2030(2)
163 164 
Bank loans due at various dates through 2030(3)
5 4 
Obligations under finance leases due at various dates through 2054
150 172 
Subtotal13,431 13,953 
Unamortized deferred financing costs(4)
(79)(74)
Current installments of long-term debt(1,061)(506)
Total12,291 13,373 
______________________________
(1)The interest rate was 6.930% and 5.934% as of September 30, 2023 and December 31, 2022, respectively.
(2)Interest rates range from 4.05% and 5.00%.
(3)The weighted average interest rate was 2.6% and 1.3% as of September 30, 2023 and December 31, 2022, respectively.
(4)Related to the Company's long-term debt, excluding obligations under finance leases.
Schedule of Balances Available for Borrowing The Company's debt balances and amounts available for borrowing under its senior unsecured revolving credit facilities are as follows:
As of
September 30,
2023
(In $ millions)
U.S. Revolving Credit Facility
Borrowings outstanding— 
Available for borrowing1,750 
China Revolving Credit Facility
Borrowings outstanding205 
Available for borrowing35 
Schedule of Senior Unsecured Notes Offering
On August 24, 2023, Celanese U.S. completed a public offering registered under the Securities Act of senior unsecured notes as follows (collectively, the "2023 Offering"):
Maturity DateAggregate Principal
Amount Issued		Discount to ParInterest Rate
(In $ millions)
November 15, 20281,000 99.986%6.350%
November 15, 2030999 99.950%6.550%
November 15, 20331,000 99.992%6.700%
Schedule of Cash Tender Offer
On August 25, 2023, Celanese U.S. completed a cash tender offer for $2.25 billion in aggregate principal amount (the "Tender Offer") as follows:
Maturity DateAggregate Principal Amount TenderedPurchase price per $1,000 principal amountTotal Tender Offer ConsiderationAccrued and Unpaid Interest
(In $ millions)(In $ millions)
June 30, 20241,473 $999.92 1,473 12 
March 15, 2025750 $1,002.85 752 20 
April 30, 202427 $983.95 27 —