|
Consolidated Statements of Operations (USD $)
In Millions, except Share data, unless otherwise specified
|
3 Months Ended |
9 Months Ended |
|
Sep. 30, 2014
|
Sep. 30, 2013
|
Sep. 30, 2014
|
Sep. 30, 2013
|
| Net sales |
$ 1,769 |
$ 1,636 |
$ 5,243 |
$ 4,894 |
| Cost of sales |
(1,333) |
(1,290) |
(4,021) |
(3,896) |
| Gross profit |
436 |
346 |
1,222 |
998 |
| Selling, general and administrative expenses |
(118) |
(97) |
(341) |
(316) |
| Amortization of intangible assets |
(5) |
(6) |
(16) |
(26) |
| Research and development expenses |
(22) |
(24) |
(68) |
(73) |
| Other (charges) gains, net |
20 |
(4) |
21 |
(11) |
| Foreign exchange gain (loss), net |
1 |
(2) |
(1) |
(5) |
| Gain (loss) on disposition of businesses and assets, net |
(2) |
(2) |
(5) |
(3) |
| Operating profit (loss) |
310 |
211 |
812 |
564 |
| Equity in net earnings (loss) of affiliates |
52 |
41 |
193 |
150 |
| Interest expense |
(41) |
(43) |
(120) |
(130) |
| Refinancing expense |
(4) |
(1) |
(4) |
(1) |
| Interest income |
3 |
0 |
5 |
1 |
| Dividend income - cost investments |
29 |
22 |
87 |
69 |
| Other income (expense), net |
(2) |
(2) |
(1) |
1 |
| Earnings (loss) from continuing operations before tax |
347 |
228 |
972 |
654 |
| Income tax (provision) benefit |
(90) |
(57) |
(262) |
(209) |
| Earnings (loss) from continuing operations |
257 |
171 |
710 |
445 |
| Earnings (loss) from operation of discontinued operations |
(7) |
1 |
(8) |
3 |
| Gain (loss) on disposition of discontinued operations |
0 |
0 |
0 |
0 |
| Income tax (provision) benefit from discontinued operations |
2 |
0 |
3 |
(1) |
| Earnings (loss) from discontinued operations |
(5) |
1 |
(5) |
2 |
| Net earnings (loss) |
252 |
172 |
705 |
447 |
| Net (earnings) loss attributable to noncontrolling interests |
1 |
0 |
3 |
0 |
| Net earnings (loss) attributable to Celanese Corporation |
253 |
172 |
708 |
447 |
| Amounts attributable to Celanese Corporation |
|
|
|
|
| Earnings (loss) from continuing operations |
258 |
171 |
713 |
445 |
| Earnings (loss) from discontinued operations |
(5) |
1 |
(5) |
2 |
| Net earnings (loss) |
$ 253 |
$ 172 |
$ 708 |
$ 447 |
| Earnings (loss) per common share - basic |
|
|
|
|
| Continuing operations |
$ 1.67 |
$ 1.08 |
$ 4.58 |
$ 2.80 |
| Discontinued operations |
$ (0.03) |
$ 0.01 |
$ (0.03) |
$ 0.01 |
| Net earnings (loss) - basic |
$ 1.64 |
$ 1.09 |
$ 4.55 |
$ 2.81 |
| Earnings (loss) per common share - diluted |
|
|
|
|
| Continuing operations |
$ 1.66 |
$ 1.07 |
$ 4.56 |
$ 2.79 |
| Discontinued operations |
$ (0.03) |
$ 0.01 |
$ (0.03) |
$ 0.01 |
| Net earnings (loss) - diluted |
$ 1.63 |
$ 1.08 |
$ 4.53 |
$ 2.80 |
| Weighted average shares - basic |
154,427,554 |
158,501,075 |
155,552,777 |
159,282,314 |
| Weighted average shares - diluted |
155,174,528 |
159,095,531 |
156,325,511 |
159,846,593 |