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Debt (Tables)
12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Short-term Debt
As of December 31,
20252024
(In $ millions)
Short-Term Borrowings and Current Installments of Long-Term Debt - Third Party and Affiliates
Current installments of long-term debt1,114 1,393 
Short-term borrowings, including amounts due to affiliates(1)
47 53 
Revolving credit facilities(2)
43 55 
Total1,204 1,501 
______________________________
(1)The weighted average interest rate was 2.2% and 2.1% as of December 31, 2025 and 2024, respectively.
(2)The weighted average interest rate was 3.1% and 3.1% as of December 31, 2025 and 2024, respectively.
Schedule of Long-term Debt
As of December 31,
20252024
(In $ millions)
Long-Term Debt
Senior unsecured notes due 2025, interest rate of 1.250%
— 311 
Senior unsecured notes due 2025, interest rate of 6.050%
— 1,000 
Senior unsecured notes due 2026, interest rate of 5.277%(1)
526 1,040 
Senior unsecured notes due 2026, interest rate of 1.400%
400 400 
Senior unsecured notes due 2027, interest rate of 2.125%
587 518 
Senior unsecured notes due 2027, interest rate of 6.665%(1)
554 2,000 
Senior unsecured term loan due 2027(2)
— 880 
Senior unsecured notes due 2028, interest rate of 0.625%
587 519 
Senior unsecured notes due 2028, interest rate of 6.850%(1)
746 1,000 
Senior unsecured notes due 2029, interest rate of 5.587%(1)
588 519 
Senior unsecured notes due 2029, interest rate of 6.830%(1)
750 750 
Senior unsecured notes due 2030, interest rate of 6.500%
700 — 
Senior unsecured notes due 2030, interest rate of 7.050%(1)
999 999 
Senior unsecured notes due 2031, interest rate of 7.000%
600 — 
Senior unsecured notes due 2031, interest rate of 5.000%
881 — 
Senior unsecured notes due 2032, interest rate of 6.879%(1)
1,000 1,000 
Senior unsecured notes due 2033, interest rate of 7.200%(1)
1,000 1,000 
Senior unsecured notes due 2033, interest rate of 6.750%
1,100 — 
Senior unsecured notes due 2034, interest rate of 7.375%
800 — 
Pollution control and industrial revenue bonds due at various dates through 2030(3)
85 126 
Bank loans due at various dates through 2030(4)
582 320 
Obligations under finance leases due at various dates through 2054
129 145 
Subtotal12,614 12,527 
Unamortized deferred financing costs(5)
(106)(56)
Current installments of long-term debt(1,114)(1,393)
Total11,394 11,078 
______________________________
(1)In November 2024, S&P Global Ratings downgraded the Company's credit rating and on February 12, 2025, Moody's Ratings downgraded the Company's credit rating, which together had the effect of increasing interest rates by 50 basis points on certain senior unsecured notes, effective on various dates beginning May 15, 2025 through January 19, 2026.
On November 17, 2025, S&P Global Ratings downgraded the Company's credit rating and on November 25, 2025, Moody's Ratings downgraded the Company's credit rating, which together will have the effect of increasing interest rates for certain senior unsecured notes by an additional 50 basis points, effective on various dates beginning January 15, 2026 through May 15, 2026.
(2)Consisted of a $1.0 billion senior unsecured term loan credit agreement entered into in March 2022 (as amended to date, the "March 2022 U.S. Term Loan Credit Facility") and a $1.0 billion senior unsecured term loan credit agreement entered into in November 2024 (the "November 2024 U.S. Term Loan Credit Facility"). The interest rate on the March 2022 U.S. Term Loan Credit Facility was 6.047% as of December 31, 2024. Both facilities were fully repaid and terminated as of December 31, 2025.
(3)Interest rates range from 4.1% to 4.3% and 4.1% to 5.0% as of December 31, 2025 and 2024, respectively.
(4)The weighted average interest rate was 2.4% and 2.8% as of December 31, 2025 and 2024, respectively.
(5)Related to the Company's long-term debt, excluding obligations under finance leases.
Schedule of Balances Available for Borrowing
Certain of the Company's subsidiaries in China have outstanding senior unsecured bank obligations (collectively, the "China Credit Facilities") as follows:
SubsidiaryMaturityBorrowing CapacityInterest RateAs of December 31, 2025
(In CNY millions)
(In percentages)
(In CNY millions)(In $ millions)
Celanese (Shanghai) International Trading Co., Ltd ("CSIT")
January 13, 2026550(1)2.70030043
Celanese (Nanjing) Chemical Co., Ltd. ("CNCC")December 25, 2026800(2)2.340800114
CNCCJune 17, 2027200(2)2.34017025
CNCCJune 28, 2027800(2)2.34068097
CNCCDecember 21, 2027500(3)2.44045064
CNCCMarch 6, 2028750(2)2.340722103
CNCCJune 9, 20281,000(2)2.350872125
CNCCJuly 3, 2028300(2)2.34030043
Total4,294614
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(1)Revolving credit facility guaranteed by Celanese U.S. (the "CSIT Revolving Credit Facility"), which bears interest at a fixed rate and is classified as current in the consolidated balance sheets. The CSIT Revolving Credit Facility was fully repaid on January 13, 2026.
(2)Senior unsecured working capital loan bearing interest at certain floating interest rates.
(3)Senior unsecured working capital loan bearing interest at a fixed interest rate.
The Company's debt balances and amounts available for borrowing under its senior unsecured revolving credit facilities are as follows:
As of December 31, 2025
(In $ millions)
U.S. Revolving Credit Facility
Borrowings outstanding— 
Available for borrowing1,750 
China Revolving Credit Facilities
Borrowings outstanding43 
Available for borrowing50 
Schedule of Senior Unsecured Notes Offering
On December 17, 2025, Celanese U.S. completed a public offering registered under the Securities Act of senior unsecured notes as follows (collectively, the "December 2025 Offering"):
Maturity DateAggregate Principal
Amount Issued
Offering PriceInterest Rate
(In millions)
February 15, 2031$600100.000%7.000%
February 15, 2034$800100.000%7.375%
On March 14, 2025, Celanese U.S. completed a public offering registered under the Securities Act of senior unsecured notes as follows (collectively, the "March 2025 Offering"):
Maturity DateAggregate Principal
Amount Issued
Offering PriceInterest Rate
(In millions)
April 15, 2030$700100.000%6.500%
April 15, 2031€750100.000%5.000%
April 15, 2033$1,100100.000%6.750%
Schedule of Cash Tender Offer
On December 17, 2025, Celanese U.S. completed cash tender offers (the "December 2025 Tender Offers") as follows:
Maturity DateAggregate Principal Amount TenderedPurchase price per $1,000 principal amountTotal Tender Offer Consideration
(In millions)(In millions)
July 15, 2027$946$1,037.50$981
November 15, 2028$254$1,055.00$268
On March 21, 2025, Celanese U.S. completed cash tender offers (the "March 2025 Tender Offers") as follows:
Maturity DateAggregate Principal Amount TenderedPurchase price per $/€1,000 principal amountTotal Tender Offer Consideration
(In millions)(In millions)
July 19, 2026€552€1,026.68€567
July 15, 2027$500$1,031.10$516
Schedule of Principal Payments
Principal payments scheduled to be made on the Company's debt, including short-term borrowings, are as follows:
As of December 31, 2025
(In $ millions)
20261,204 
20271,357 
20281,564 
20291,356 
20301,800 
Thereafter5,423 
Total12,704