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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 1,805 $ 1,508
Trade receivables - third party and affiliates 1,243 1,379
Non-trade receivables, net 541 675
Inventories 2,357 2,808
Other assets 272 241
Total current assets 6,218 6,611
Investments in affiliates 1,220 1,062
Property, plant and equipment (net of accumulated depreciation - 2023: $4,080; 2022: $3,687) 5,584 5,584
Operating lease right-of-use assets 422 413
Deferred income taxes 1,677 808
Other assets 524 547
Goodwill 6,977 [1] 7,142
Intangible assets, net 3,975 4,105
Total assets 26,597 26,272
Current Liabilities    
Short-term borrowings and current installments of long-term debt - third party and affiliates 1,383 1,306
Trade payables - third party and affiliates 1,510 1,518
Other liabilities 1,154 1,201
Income taxes payable 25 43
Total current liabilities 4,072 4,068
Long-term debt, net of unamortized deferred financing costs 12,301 13,373
Deferred income taxes 999 1,242
Uncertain tax positions 300 322
Benefit obligations 457 411
Operating lease liabilities 325 364
Other liabilities 591 387
Commitments and Contingencies
Shareholders' Equity    
Preferred stock, $0.01 par value, 100,000,000 shares authorized (2023 and 2022: 0 issued and outstanding) 0 0
Common stock, $0.0001 par value, 400,000,000 shares authorized (2023: 170,476,740 issued and 108,906,426 outstanding; 2022: 170,135,425 issued and 108,473,932 outstanding) 0 0
Treasury stock, at cost (2023: 61,570,314 shares; 2022: 61,661,493 shares) (5,488) (5,491)
Additional paid-in capital 394 372
Retained earnings 12,929 11,274
Accumulated other comprehensive income (loss), net (744) (518)
Total Celanese Corporation shareholders' equity 7,091 5,637
Noncontrolling interests 461 468
Total equity 7,552 6,105
Total liabilities and equity $ 26,597 $ 26,272
[1] There were no accumulated impairment losses as of December 31, 2023.