$CE

Celanese Corp

CIK:0001306830|SEC Filings

Unaudited Interim Consolidated Statement of Operations - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Net sales	$ 2,752	$ 2,532	$ 5,089	$ 4,921
Cost of sales	(2,134)	(1,998)	(4,003)	(3,913)
Gross profit	618	534	1,086	1,008
Selling, general and administrative expenses	(251)	(214)	(477)	(445)
Amortization of intangible assets	(39)	(42)	(79)	(82)
Research and development expenses	(29)	(31)	(57)	(62)
Other (charges) gains, net	(31)	(20)	(51)	(51)
Foreign exchange gain (loss), net	10	6	22	27
Gain (loss) on disposition of business and assets, net	(2)	(2)	46	1
Operating profit (loss)	276	231	490	396
Equity in net earnings (loss) of affiliates	11	29	46	51
Non-operating pension and other postretirement employee benefit (expense) income	5	1	10	3
Interest expense	(186)	(177)	(369)	(347)
Refinancing expense	0	0	0	32
Interest income	10	7	19	11
Dividend income - equity investments	43	41	44	42
Other income (expense), net	(17)	1	(16)	3
Earnings (loss) from continuing operations before tax	142	133	224	127
Income tax (provision) benefit	(11)	77	(44)	68
Earnings (loss) from continuing operations	131	210	180	195
Earnings (loss) from operation of discontinued operations	(2)	(10)	(3)	(16)
Income tax (provision) benefit from discontinued operations	0	0	0	1
Earnings (loss) from discontinued operations	(2)	(10)	(3)	(15)
Net earnings (loss)	129	200	177	180
Net (earnings) loss attributable to noncontrolling interests	(4)	(3)	(8)	(7)
Net earnings (loss) attributable to Celanese Corporation	125	197	169	173
Amounts attributable to Celanese Corporation
Earnings (loss) from continuing operations	127	207	172	188
Earnings (loss) from discontinued operations	(2)	(10)	(3)	(15)
Net earnings (loss)	$ 125	$ 197	$ 169	$ 173
Earnings (loss) per common share - basic
Continuing operations - basic (in dollars per share)	$ 1.16	$ 1.89	$ 1.57	$ 1.72
Discontinued operations - basic (in dollars per share)	(0.02)	(0.09)	(0.03)	(0.14)
Net earnings (loss) - basic (in dollars per share)	1.14	1.80	1.54	1.58
Earnings (loss) per common share - diluted
Continuing operations - diluted (in dollars per share)	1.15	1.89	1.56	1.71
Discontinued operations - diluted (in dollars per share)	(0.02)	(0.09)	(0.02)	(0.13)
Net earnings (loss) - diluted (in dollars per share)	$ 1.13	$ 1.80	$ 1.54	$ 1.58
Weighted average shares - basic (in shares)	109,776,090	109,526,113	109,720,324	109,473,864
Weighted average shares - diluted (in shares)	110,249,548	109,734,396	110,095,824	109,686,840

Unaudited Interim Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Operating Activities
Net earnings (loss)	$ 177	$ 180
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities
Depreciation, amortization and accretion	457	384
Pension and postretirement net periodic benefit cost	(5)	4
Pension and postretirement contributions	(26)	(27)
Deferred income taxes, net	(70)	(44)
(Gain) loss on disposition of businesses and assets, net	47	2
Stock-based compensation	18	12
Undistributed earnings in unconsolidated affiliates	24	2
Other, net	1	40
Operating cash provided by (used in) discontinued operations	(13)	8
Changes in operating assets and liabilities
Trade receivables - third party and affiliates, net	(399)	(31)
Inventories	(103)	115
Other assets	(58)	104
Trade payables - third party and affiliates	228	38
Other liabilities	101	(336)
Net cash provided by (used in) operating activities	285	447
Investing Activities
Capital expenditures on property, plant and equipment	(128)	(195)
Proceeds from sale of businesses and assets, net	(493)	(7)
Other, net	1	2
Net cash provided by (used in) investing activities	366	(186)
Financing Activities
Net change in short-term borrowings with maturities of 3 months or less	11	1
Proceeds from short-term borrowings	29	589
Repayments of short-term borrowings	(43)	(555)
Proceeds from long-term debt	96	2,821
Repayments of long-term debt	(621)	(2,833)
Common stock dividends	(6)	(6)
Distributions/dividends to noncontrolling interests	(14)	(14)
Other, net	(1)	(74)
Net cash provided by (used in) financing activities	(549)	(71)
Exchange rate effects on cash and cash equivalents	(1)	21
Net increase (decrease) in cash and cash equivalents	101	211
Cash and cash equivalents as of beginning of period	1,263	962
Cash and cash equivalents as of end of period	$ 1,364	$ 1,173