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 Celanese Corporation Reports Third Quarter Earnings; Expects to Deliver 2017 Results at Higher End of Outlook
   Monday, October 16, 2017 4:15:02 PM ET

Celanese Corporation (CE ), a global technology and specialty materials company, today reported third quarter 2017 GAAP diluted earnings per share of $1.68, second-highest for a third quarter, and adjusted earnings per share of $1.93, an all-time record. Net sales expanded 18 percent year over year to $1.6 billion. A combination of commercial execution in the Acetyl Chain, extension of the pipeline model in Materials Solutions, and broad productivity gains more than offset the expected declines in tow earnings to deliver robust results. The Acetyl Chain grew profitability by exercising the optionality in its commercial model to overcome the disruption from Hurricane Harvey. Advanced Engineered Materials (AEM) grew project commercializations across regions in both legacy and acquired polymers.



Third Quarter 2017 Financial Highlights:

                                                                                    Three Months Ended
                                                                                                                             September 30,
                                                                          ------------------------------------------------------------------------------------------------------------
                                                                                          2017                                    2016
                                                                          ------------------------------------                                          ------------------------------------
                                                                                                                              (unaudited)
                                                                                                                            (In $ millions)
Operating Profit (Loss)
  Advanced Engineered Materials                                                       97                                                                            93
  Consumer Specialties                                                                53                                                         68  
                                                                          -------------- --------------------                                           -------------- --------------------
    Total Materials Solutions                                                        150                                                        161  
                                                                          -------------- --------------------                                           -------------- --------------------
  Industrial Specialties                                                              20                                                                            25
  Acetyl Intermediates                                                               128                                                                            83
  Eliminations                                                            --                                             --  
                                                                          -------------- --------------------                                           -------------- --------------------
    Total Acetyl Chain                                                               148                                                        108  
                                                                          -------------- --------------------                                           -------------- --------------------
  Other Activities                                                                   (46 )                                                                         (23 )
                                                                          -------------- --------------------                                           -------------- --------------------
    Total                                                                            252                                                        246  
                                                                          ============== ====================                                           ============== ====================
                                                                 
                                                                                                                                                                             Three Months Ended
                                                                                                                                                                                September 30,
                                                                                                        ----------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                  2017                                                         2016
                                                                                                        ---------------------------------------------------------                                          ---------------------------------------------------------
                                                                                                                                                                                 (unaudited)
                                                                                                                                                                   (In $ millions, except per share data)
Net Earnings (Loss)                                                                                                                     228                                                                                                263
                                                                                                                                                                                                            
Adjusted EBIT(1)(2)
  Advanced Engineered Materials                                                                                                         147                                                                                                127
  Consumer Specialties                                                                                                79                                                           98  
                                                                                                        -------------------- -------------- --------------------                                           -------------------- -------------- --------------------
    Total Materials Solutions                                                                                        226                                                          225  
                                                                                                        -------------------- -------------- --------------------                                           -------------------- -------------- --------------------
  Industrial Specialties                                                                                                                 23                                                                                                 25
  Acetyl Intermediates                                                                                                                  134                                                                                                 84
  Eliminations                                                                                            --                                               --  
                                                                                                        -------------------- -------------- --------------------                                           -------------------- -------------- --------------------
    Total Acetyl Chain                                                                                               157                                                          109  
                                                                                                        -------------------- -------------- --------------------                                           -------------------- -------------- --------------------
  Other Activities                                                                                                   (38 )                                                                           (15 )
                                                                                                        -------------------- -------------- --------------------                                           -------------------- -------------- --------------------
    Total                                                                                                            345                                                          319  
                                                                                                        ==================== ============== ====================                                           ==================== ============== ====================
                                                                                                                                                                                                            
Equity Earnings, Cost-Dividend Income, Other Income (Expense)
  Advanced Engineered Materials                                                                                                          45                                                                                                 33
  Consumer Specialties                                                                                                26                                                           27  
                                                                                                        -------------------- -------------- --------------------                                           -------------------- -------------- --------------------
    Total Materials Solutions                                                                                         71                                                           60  
                                                                                                        -------------------- -------------- --------------------                                           -------------------- -------------- --------------------
                                                                                                                                                                                                            
Operating EBITDA(1)                                                                                                                     423                                                                                                390
Diluted EPS - continuing operations                                                                                        $           1.68                                                                                   $           1.83
Diluted EPS - total                                                                                                        $           1.65                                                                                   $           1.81
Adjusted EPS(1)                                                                                                            $           1.93                                                                                   $           1.67
                                                                                                                                                                                                            
Net cash provided by (used in) investing activities                                                                                     (68 )                                                                                              (54 )
Net cash provided by (used in) financing activities                                                                                    (247 )                                                                                              265
Net cash provided by (used in) operating activities                                                                                     255                                                                                                304
Free cash flow(1)                                                                                                                       181                                                                                                237
______________________________
(1)          See "Non-US GAAP Financial Measures" below.
(2)                             The Company’s discussion of adjusted earnings includes use of
                                terms such as "segment income" and "core income." Those non-GAAP
                                terms are defined below and reconciled in our Non-US GAAP
                                Financial Measures and Supplemental Information document
                                referenced below.
                                 

Third Quarter 2017 Highlights:

-- Completed de-bottlenecking projects over the last year that increased output by 10 percent per unit for select POM, UHMW-PE, PPS and PBT assets in the US, Germany, and China.

-- Announced plans to add production lines in the US, Italy and China to expand compounding capacity by roughly 100 kt per year. The expansion will be completed in 2018-2019 and will support demand growth across end-market applications.

-- Commercialized a record 585 projects in the third quarter of 2017, a 67 percent increase from third quarter of 2016, in engineered materials (AEM excluding affiliates). Increased target for projects closed in 2017 to above 2,100, up 52 percent from 2016.

-- Completed the SAP system integration of Nilit Plastics, a major milestone towards full integration into Celanese.

-- Advanced on the previously announced 150 kt expansion of vinyl acetate monomer at the Clear Lake, Texas facility. This expansion, expected to be commissioned at the end of 2018, will raise plant capacity to 450 kt making it the largest VAM plant in the western hemisphere.

-- Filed for regulatory approval of the tow joint venture with Blackstone in all six jurisdictions and received approval in Mexico. The European Commission is expected to continue its assessment with a final decision expected in spring 2018.

Third Quarter 2017 Business Segment Overview

Materials Solutions

Materials Solutions reported record net sales of $730 million in the third quarter, a 24 percent increase year over year driven by growth in Advanced Engineered Materials that outpaced the decline in Consumer Specialties. AEM delivered its highest ever third quarter GAAP operating profit of $97 million and highest ever segment income of $147 million. There is strong receptivity for Celanese’s customer-centric approach coupled with the breadth of polymer solutions which continues to strengthen AEM’s growth profile. The segment set a new watermark of advancing 585 projects to commercialization in the quarter by expanding the opportunity set and improving its win-rate. Volume in the third quarter of 2017 grew over last year mainly from the Nilit and SO.F.TER. acquisitions, growth in Asia and new projects. As expected, the addition of the Nilit and SO.F.TER. acquisitions along with higher indirect costs from Hurricane Harvey lowered GAAP operating profit margin and segment income margin year over year. Both acquisitions were segment income accretive in the quarter and their margin is expected to improve over the next few years as synergies are realized.

Acetate tow volume and price in the third quarter declined compared to the same quarter in 2016 due to lower tow industry capacity utilization rates and offset improvements in productivity. Results were consistent sequentially.

Affiliate earnings in Materials Solutions increased 18 percent year over year to $71 million mainly due to the impact of the Ibn Sina turnaround in the third quarter of 2016 which did not repeat in 2017.

Acetyl Chain

The Acetyl Chain GAAP operating profit of $148 million in the third quarter was $40 million higher than the third quarter of 2016 while core income of $157 million was $48 million higher. Profitability grew despite operational and supply chain disruptions in the Gulf Coast caused by Hurricane Harvey. The chain responded by swiftly executing contingency plans to minimize impact and quickly restore operations. Pricing was higher than the third quarter of last year driven by the success of commercial actions mainly in Asia as well as continued strength in global acetyls. Margin expansion in the chain was driven by the Acetyl Intermediates segment which recorded GAAP operating margin of 18.7 percent and segment income margin of 19.6 percent, both all time records. Results in the quarter highlight the chain’s business model which leverages volatility in the global acetyl supply chain to maximize profitability.

Cash Flow

Operating cash flow in the third quarter was $255 million and free cash flow was $181 million. Capital expenditures were $64 million in the quarter. The company repurchased approximately 2 million shares for $200 million in the quarter and $500 million total for the year. $262 million of cash was returned to shareholders in the quarter including $62 million in dividends.

Outlook

"Success in the third quarter and for most of 2017 has come from our ability to rapidly translate changes in the business environment into new value creation opportunities through our business models. In Advanced Engineered Materials, the disciplined approach to innovation through the pipeline model has raised profits and provided a road map for accelerating value uplift from the SO.F.TER. and Nilit acquisitions. The Acetyl Chain is expected to maintain its commercial traction in the quarter and additional initiatives are in place to take advantage of the gradual strengthening of the market. There is business and productivity momentum that should offset fourth quarter weakness. This combination gives confidence we can grow 2017 adjusted earnings per share toward the higher end of the 9-11 percent range, year over year," said Mark Rohr, chairman and chief executive officer.

We are unable to reconcile forecasted adjusted earnings per share growth to US GAAP diluted earnings per share without unreasonable efforts because a forecast of Certain Items, such as mark-to-market pension gains/losses, is not practical.

The Company’s earnings presentation and prepared remarks related to the third quarter results will be posted on its website at www.celanese.com under Investor Relations/Events and Presentations after market close on October 16, 2017. Information about Non-US GAAP measures is included in a Non-US GAAP Financial Measures and Supplemental Information document posted on the website and available at the link below. See "Non-GAAP Financial Measures" below.

Celanese Corporation is a global technology leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. Our two complementary business cores, Acetyl Chain and Materials Solutions, use the full breadth of Celanese’s global chemistry, technology and business expertise to create value for our customers and the corporation. As we partner with our customers to solve their most critical business needs, we strive to make a positive impact on our communities and the world through The Celanese Foundation. Based in Dallas, Celanese employs approximately 7,500 employees worldwide and had 2016 net sales of $5.4 billion. For more information about Celanese Corporation and its product offerings, visit www.celanese.com or our blog at www.celaneseblog.com.

Forward-Looking Statements

This release may contain "forward-looking statements," which include information concerning the Company’s plans, objectives, goals, strategies, future revenues, synergies, performance, capital expenditures, financing needs and other information that is not historical information. All forward-looking statements are based upon current expectations and beliefs and various assumptions, including the announced joint venture transaction. There can be no assurance that the Company will realize these expectations or that these beliefs will prove correct. There are a number of risks and uncertainties that could cause actual results to differ materially from the results expressed or implied in the forward-looking statements contained in this release, including with respect to the joint venture. These risks and uncertainties include, among other things: changes in general economic, business, political and regulatory conditions in the countries or regions in which we operate; the length and depth of product and industry business cycles, particularly in the automotive, electrical, textiles, electronics and construction industries; changes in the price and availability of raw materials, particularly changes in the demand for, supply of, and market prices of ethylene, methanol, natural gas, wood pulp and fuel oil and the prices for electricity and other energy sources; the ability to pass increases in raw material prices on to customers or otherwise improve margins through price increases; the ability to maintain plant utilization rates and to implement planned capacity additions and expansions; the ability to reduce or maintain current levels of production costs and to improve productivity by implementing technological improvements to existing plants; the ability to identify desirable potential acquisition targets and to consummate acquisition or investment transactions consistent with the Company’s strategy; increased price competition and the introduction of competing products by other companies; market acceptance of our technology; the ability to obtain governmental approvals and to construct facilities on terms and schedules acceptable to the Company; changes in the degree of intellectual property and other legal protection afforded to our products or technologies, or the theft of such intellectual property; compliance and other costs and potential disruption or interruption of production or operations due to accidents, interruptions in sources of raw materials, cyber security incidents, terrorism or political unrest or other unforeseen events or delays in construction or operation of facilities, including as a result of geopolitical conditions, the occurrence of acts of war or terrorist incidents or as a result of weather or natural disasters; potential liability for remedial actions and increased costs under existing or future environmental regulations, including those relating to climate change; potential liability resulting from pending or future litigation, or from changes in the laws, regulations or policies of governments or other governmental activities in the countries in which we operate; changes in currency exchange rates and interest rates; our level of indebtedness, which could diminish our ability to raise additional capital to fund operations or limit our ability to react to changes in the economy or the chemicals industry; and various other factors discussed from time to time in the Company’s filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made, and the Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances.

Non-GAAP Financial Measures

Presentation

This document presents the Company’s business segments in two subtotals, reflecting our two cores, the Acetyl Chain and Materials Solutions, based on similarities among customers, business models and technical processes. As described in the Company’s annual report on Form 10-K and quarterly reports on Form 10-Q, the Acetyl Chain includes the Company’s Acetyl Intermediates segment and the Industrial Specialties segment. Materials Solutions includes the Company’s Advanced Engineered Materials segment and the Consumer Specialties segment.

Use of Non-US GAAP Financial Information

This release uses the following Non-US GAAP measures: adjusted EBIT, adjusted EBIT margin, operating EBITDA, adjusted earnings per share and free cash flow. These measures are not recognized in accordance with US GAAP and should not be viewed as an alternative to US GAAP measures of performance or liquidity. The most directly comparable financial measure presented in accordance with US GAAP in our consolidated financial statements for adjusted EBIT and operating EBITDA is net earnings (loss) attributable to Celanese Corporation; for adjusted EBIT margin is operating margin; for adjusted earnings per share is earnings (loss) from continuing operations attributable to Celanese Corporation per common share-diluted; and for free cash flow is net cash provided by (used in) operations.

Definitions of Non-US GAAP Financial Measures

-- Adjusted EBIT is a performance measure used by the Company and is defined by the Company as net earnings (loss) attributable to Celanese Corporation, plus (earnings) loss from discontinued operations, less interest income, plus interest expense, plus refinancing expense and taxes, and further adjusted for Certain Items (refer to Table 8 of our Non-US GAAP Financial Measures and Supplemental Information document). We may provide guidance on adjusted EBIT but are unable to reconcile forecasted adjusted EBIT to a US GAAP financial measure without unreasonable efforts because a forecast of Certain Items, such as mark-to-market pension gains and losses, which may be significant, is not practical. Adjusted EBIT margin is defined by the Company as adjusted EBIT divided by net sales.

-- Adjusted EBIT by core (i.e., Acetyl Chain and/or Materials Solutions) may also be referred to by management as core income. Adjusted EBIT margin by core may also be referred to by management as core income margin. Adjusted EBIT by business segment may also be referred to by management as segment income. Adjusted EBIT margin by business segment may also be referred to by management as segment income margin.

-- Operating EBITDA is a performance measure used by the Company and is defined by the Company as net earnings (loss) attributable to Celanese Corporation, plus (earnings) loss from discontinued operations, less interest income, plus interest expense, plus refinancing expense, taxes and depreciation and amortization, and further adjusted for Certain Items, which Certain Items include accelerated depreciation and amortization expense. Operating EBITDA is equal to adjusted EBIT plus depreciation and amortization.

-- Adjusted earnings per share is a performance measure used by the Company and is defined by the Company as earnings (loss) from continuing operations attributable to Celanese Corporation, adjusted for income tax (provision) benefit, Certain Items, and refinancing and related expenses, divided by the number of basic common shares and dilutive restricted stock units and stock options calculated using the treasury method. We may provide guidance on adjusted earnings per share but are unable to reconcile forecasted adjusted earnings per share to a US GAAP financial measure without unreasonable efforts because a forecast of Certain Items, such as mark-to-market pension gains and losses, which may be significant, is not practical. Note: The income tax expense (benefit) on Certain Items ("Non-GAAP adjustments") is determined using the applicable rates in the taxing jurisdictions in which the Non-GAAP adjustments occurred and includes both current and deferred income tax expense (benefit). The income tax rate used for adjusted earnings per share approximates the midpoint in a range of forecasted tax rates for the year. This range may include certain partial or full-year forecasted tax opportunities and related costs, where applicable, and specifically excludes changes in uncertain tax positions, discrete recognition of GAAP items on a quarterly basis, other pre-tax items adjusted out of our GAAP earnings for adjusted earnings per share purposes and changes in management’s assessments regarding the ability to realize deferred tax assets for GAAP. In determining the adjusted earnings per share tax rate, we reflect the impact of foreign tax credits when utilized, or expected to be utilized, absent discrete events impacting the timing of foreign tax credit utilization. We analyze this rate quarterly and adjust it if there is a material change in the range of forecasted tax rates; an updated forecast would not necessarily result in a change to our tax rate used for adjusted earnings per share. The adjusted tax rate is an estimate and may differ from the actual tax rate used for GAAP reporting in any given reporting period. Table 3a of our Non-US GAAP Financial Measures and Supplemental Information document summarizes the reconciliation of our estimated GAAP effective tax rate to the adjusted tax rate. The estimated GAAP rate excludes discrete recognition of GAAP items due to our inability to forecast such items. As part of the year-end reconciliation, we will update the reconciliation of the GAAP effective tax rate to the adjusted tax rate for actual results.

-- Free cash flow is a liquidity measure used by the Company and is defined by the Company as cash flow from operations, less capital expenditures on property, plant and equipment, and adjusted for capital contributions from or distributions to Mitsui & Co., Ltd. ("Mitsui") related to our methanol joint venture, Fairway Methanol LLC ("Fairway").

Reconciliation of Non-US GAAP Financial Measures

Reconciliations of the Non-US GAAP financial measures used in this press release to the comparable US GAAP financial measure, together with information about the purposes and uses of Non-US GAAP financial measures, are included in our Non-US GAAP Financial Measures and Supplemental Information document filed as an exhibit to our Current Report on Form 8-K filed with the SEC on or about October 16, 2017 and also available on our website at www.celanese.com under Financial Information, Non-GAAP Financial Measures, or at this link: http://investors.celanese.com/interactive/lookandfeel/4103411/Non-GAAP.PDF .

Results Unaudited

The results in this document, together with the adjustments made to present the results on a comparable basis, have not been audited and are based on internal financial data furnished to management. Quarterly results should not be taken as an indication of the results of operations to be reported for any subsequent period or for the full fiscal year.

Supplemental Information

Additional information about our prior period performance is included in our Quarterly Reports on Form 10-Q and in our Non-US GAAP Financial Measures and Supplemental Information document.

                                                                 
                                                                                                         
Consolidated Statements of Operations - Unaudited
                                                                                                         
                                                                                                                                                        Three Months Ended
                                                                                                                                                           September 30,
                                                                                                        ------------------------------------------------------------------------------------------------------------
                                                                                                                        2017                                    2016
                                                                                                        ------------------------------------                                          ------------------------------------
                                                                                                                                         (In $ millions, except share and per share data)
Net sales                                                                                                        1,566                                                                         1,323
Cost of sales                                                                                                   (1,181 )                                                                        (968 )
                                                                                                        -------------- --------------------                                           -------------- --------------------
  Gross profit                                                                                                     385                                                                           355
Selling, general and administrative expenses                                                                      (112 )                                                                         (81 )
Amortization of intangible assets                                                                                   (5 )                                                                          (3 )
Research and development expenses                                                                                  (19 )                                                                         (20 )
Other (charges) gains, net                                                                              --                                                                            (3 )
Foreign exchange gain (loss), net                                                                                    4                                                                            (1 )
Gain (loss) on disposition of businesses and assets, net                                                            (1 )                                                                          (1 )
                                                                                                        -------------- --------------------                                           -------------- --------------------
  Operating profit (loss)                                                                                          252                                                                           246
Equity in net earnings (loss) of affiliates                                                                         50                                                                            41
Interest expense                                                                                                   (32 )                                                                         (28 )
Refinancing expense                                                                                     --                                                                            (4 )
Interest income                                                                                                      1                                                                --
Dividend income - cost investments                                                                                  24                                                                            26
Other income (expense), net                                                                                         (6 )                                                              --  
                                                                                                        -------------- --------------------                                           -------------- --------------------
  Earnings (loss) from continuing operations before tax                                                            289                                                                           281
Income tax (provision) benefit                                                                                     (57 )                                                                         (15 )
                                                                                                        -------------- --------------------                                           -------------- --------------------
  Earnings (loss) from continuing operations                                                                       232                                                        266  
                                                                                                        -------------- --------------------                                           -------------- --------------------
Earnings (loss) from operation of discontinued operations                                                           (5 )                                                                          (4 )
Income tax (provision) benefit from discontinued operations                                                          1                                                          1  
                                                                                                        -------------- --------------------                                           -------------- --------------------
  Earnings (loss) from discontinued operations                                                                      (4 )                                                                          (3 )
                                                                                                        -------------- --------------------                                           -------------- --------------------
     Net earnings (loss)                                                                                           228                                                                           263
Net (earnings) loss attributable to noncontrolling interests                                                        (2 )                                                                          (1 )
                                                                                                        -------------- --------------------                                           -------------- --------------------
     Net earnings (loss) attributable to Celanese Corporation                                                      226                                                        262  
                                                                                                        ============== ====================                                           ============== ====================
Amounts attributable to Celanese Corporation
  Earnings (loss) from continuing operations                                                                       230                                                                           265
  Earnings (loss) from discontinued operations                                                                      (4 )                                                                          (3 )
                                                                                                        -------------- --------------------                                           -------------- --------------------
     Net earnings (loss)                                                                                           226                                                        262  
                                                                                                        ============== ====================                                           ============== ====================
Earnings (loss) per common share - basic
  Continuing operations                                                                                           1.68                                                                          1.84
  Discontinued operations                                                                                        (0.03 )                                                                       (0.02 )
                                                                                                        -------------- --------------------                                           -------------- --------------------
     Net earnings (loss) - basic                                                                                  1.65                                                       1.82  
                                                                                                        ============== ====================                                           ============== ====================
Earnings (loss) per common share - diluted
  Continuing operations                                                                                           1.68                                                                          1.83
  Discontinued operations                                                                                        (0.03 )                                                                       (0.02 )
                                                                                                        -------------- --------------------                                           -------------- --------------------
     Net earnings (loss) - diluted                                                                                1.65                                                       1.81  
                                                                                                        ============== ====================                                           ============== ====================
Weighted average shares (in millions)
  Basic                                                                                                          136.6                                                                         144.0
  Diluted                                                                                                        137.0                                                                         144.6
                                                                                                                
                                                                                                                                                                                              
Consolidated Balance Sheets - Unaudited
                                                                                                                                                                                              
                                                                                                                               As of                                                                         As of
                                                                                                                           September 30,                                                                 December 31,
                                                                                                                               2017                                                                          2016
                                                                                                               ----------------------------------                                            ----------------------------------
                                                                                                                                                                 (In $ millions)
                               ASSETS
Current Assets
  Cash and cash equivalents                                                                                               461                                                                           638
  Trade receivables - third party and affiliates, net                                                                     989                                                                           801
  Non-trade receivables, net                                                                                              260                                                                           223
  Inventories                                                                                                             809                                                                           720
  Marketable securities, at fair value                                                                                     31                                                                            30
  Other assets                                                                                                             63                                                         60  
                                                                                                               -------------- --------------------                                           -------------- --------------------
      Total current assets                                                                                              2,613                                                      2,472  
                                                                                                               -------------- --------------------                                           -------------- --------------------
Investments in affiliates                                                                                                 938                                                                           852
Property, plant and equipment, net                                                                                      3,706                                                                         3,577
Deferred income taxes                                                                                                     201                                                                           159
Other assets                                                                                                              306                                                                           307
Goodwill                                                                                                                  995                                                                           796
Intangible assets, net                                                                                                    303                                                        194  
                                                                                                               -------------- --------------------                                           -------------- --------------------
        Total assets                                                                                                    9,062                                                      8,357  
                                                                                                               ============== ====================                                           ============== ====================
                       LIABILITIES AND EQUITY
Current Liabilities
  Short-term borrowings and current installments of long-term debt -                                                      435                                                                           118
  third party and affiliates
  Trade payables - third party and affiliates                                                                             695                                                                           625
  Other liabilities                                                                                                       343                                                                           322
  Income taxes payable                                                                                                     77                                                         12  
                                                                                                               -------------- --------------------                                           -------------- --------------------
      Total current liabilities                                                                                         1,550                                                      1,077  
                                                                                                               -------------- --------------------                                           -------------- --------------------
Long-term debt, net of unamortized deferred financing costs                                                             2,954                                                                         2,890
Deferred income taxes                                                                                                     195                                                                           130
Uncertain tax positions                                                                                                   153                                                                           131
Benefit obligations                                                                                                       845                                                                           893
Other liabilities                                                                                                         230                                                                           215
Commitments and Contingencies
Stockholders’ Equity
  Preferred stock                                                                                              --                                                                --
  Common stock                                                                                                 --                                                                --
  Treasury stock, at cost                                                                                              (2,031 )                                                                      (1,531 )
  Additional paid-in capital                                                                                              171                                                                           157
  Retained earnings                                                                                                     4,781                                                                         4,320
  Accumulated other comprehensive income (loss), net                                                                     (206 )                                                                        (358 )
                                                                                                               -------------- --------------------                                           -------------- --------------------
      Total Celanese Corporation stockholders’ equity                                                                   2,715                                                                         2,588
Noncontrolling interests                                                                                                  420                                                        433  
                                                                                                               -------------- --------------------                                           -------------- --------------------
      Total equity                                                                                                      3,135                                                      3,021  
                                                                                                               -------------- --------------------                                           -------------- --------------------
        Total liabilities and equity                                                                                    9,062                                                      8,357  
                                                                                                               ============== ====================                                           ============== ====================
                                                                                                                                                                                                             
                                                                                                                                                                                                             

Non-US GAAP Financial Measures and Supplemental Information

October 16, 2017

In this document, the terms the "Company," "we" and "our" refer to Celanese Corporation and its subsidiaries on a consolidated basis.

Purpose

The purpose of this document is to provide information of interest to investors, analysts and other parties including supplemental financial information and reconciliations and other information concerning our use of non-US GAAP financial measures. This document is updated quarterly.

Presentation

This document presents the Company’s business segments in two subtotals, reflecting our two cores, the Acetyl Chain and Materials Solutions, based on similarities among customers, business models and technical processes. As described in the Company’s annual report on Form 10-K and quarterly reports on Form 10-Q, the Acetyl Chain includes the Company’s Acetyl Intermediates segment and the Industrial Specialties segment. Materials Solutions includes the Company’s Advanced Engineered Materials segment and the Consumer Specialties segment.

Use of Non-US GAAP Financial Measures

From time to time, management may publicly disclose certain numerical "non-GAAP financial measures" in the course of our earnings releases, financial presentations, earnings conference calls, investor and analyst meetings and otherwise. For these purposes, the Securities and Exchange Commission ("SEC") defines a "non-GAAP financial measure" as a numerical measure of historical or future financial performance, financial position or cash flows that excludes amounts, or is subject to adjustments that effectively exclude amounts, included in the most directly comparable measure calculated and presented in accordance with US GAAP, and vice versa for measures that include amounts, or are subject to adjustments that effectively include amounts, that are excluded from the most directly comparable US GAAP measure so calculated and presented. For these purposes, "GAAP" refers to generally accepted accounting principles in the United States.

Non-GAAP financial measures disclosed by management are provided as additional information to investors, analysts and other parties because the Company believes them to be important supplemental measures for assessing our financial and operating results and as a means to evaluate our financial condition and period-to-period comparisons. These non-GAAP financial measures should be viewed as supplemental to, and should not be considered in isolation or as alternatives to, net earnings (loss), operating profit (loss), operating margin, cash flow from operating activities (together with cash flow from investing and financing activities), earnings per share or any other US GAAP financial measure. These non-GAAP financial measures should be considered within the context of our complete audited and unaudited financial results for the given period, which are available on the Investor Relations/Financial Information/SEC Filings page of our website, www.celanese.com. The definition and method of calculation of the non-GAAP financial measures used herein may be different from other companies’ methods for calculating measures with the same or similar titles. Investors, analysts and other parties should understand how another company calculates such non-GAAP financial measures before comparing the other company’s non-GAAP financial measures to any of our own. These non-GAAP financial measures may not be indicative of the historical operating results of the Company nor are they intended to be predictive or projections of future results.

Pursuant to the requirements of SEC Regulation G, whenever we refer to a non-GAAP financial measure, we will also present in this document, in the presentation itself or on a Form 8-K in connection with the presentation on the Investor Relations/Financial Information/Non-GAAP Financial Measures page of our website, www.celanese.com, to the extent practicable, the most directly comparable financial measure calculated and presented in accordance with GAAP, along with a reconciliation of the differences between the non-GAAP financial measure we reference and such comparable GAAP financial measure.

This document includes definitions and reconciliations of non-GAAP financial measures used from time to time by the Company.

Specific Measures Used

This document provides information about the following non-GAAP measures: adjusted EBIT, adjusted EBIT margin, operating EBITDA, operating EBITDA margin, operating profit (loss) attributable to Celanese Corporation, adjusted earnings per share, net debt, free cash flow and return on invested capital (adjusted). The most directly comparable financial measure presented in accordance with US GAAP in our consolidated financial statements for adjusted EBIT and operating EBITDA is net earnings (loss) attributable to Celanese Corporation; for adjusted EBIT margin and operating EBITDA margin is operating margin; for operating profit (loss) attributable to Celanese Corporation is operating profit (loss); for adjusted earnings per share is earnings (loss) from continuing operations attributable to Celanese Corporation per common share-diluted; for net debt is total debt; for free cash flow is net cash provided by (used in) operations; and for return on invested capital (adjusted) is net earnings (loss) attributable to Celanese Corporation divided by the sum of the average of beginning and end of the year short- and long-term debt and Celanese Corporation stockholders’ equity.

Definitions

-- Adjusted EBIT is a performance measure used by the Company and is defined by the Company as net earnings (loss) attributable to Celanese Corporation, plus (earnings) loss from discontinued operations, less interest income, plus interest expense, plus refinancing expense and taxes, and further adjusted for Certain Items (refer to Table 8). We believe that adjusted EBIT provides transparent and useful information to management, investors, analysts and other parties in evaluating and assessing our primary operating results from period-to-period after removing the impact of unusual, non-operational or restructuring-related activities that affect comparability. Our management recognizes that adjusted EBIT has inherent limitations because of the excluded items. Adjusted EBIT is one of the measures management uses for planning and budgeting, monitoring and evaluating financial and operating results and as a performance metric in the Company’s incentive compensation plan. We may provide guidance on adjusted EBIT but are unable to reconcile forecasted adjusted EBIT to a US GAAP financial measure without unreasonable efforts because a forecast of Certain Items, such as mark-to-market pension gains and losses, which may be significant, is not practical. Adjusted EBIT margin is defined by the Company as adjusted EBIT divided by net sales. Adjusted EBIT margin has the same uses and limitations as Adjusted EBIT.

-- Adjusted EBIT by core (i.e. Acetyl Chain and/or Materials Solutions) may also be referred to by management as core income. Adjusted EBIT margin by core may also be referred to by management as core income margin. Adjusted EBIT by business segment may also be referred to by management as segment income. Adjusted EBIT margin by business segment may also be referred to by management as segment income margin.

-- Operating EBITDA is a performance measure used by the Company and is defined by the Company as net earnings (loss) attributable to Celanese Corporation, plus (earnings) loss from discontinued operations, less interest income, plus interest expense, plus refinancing expense, taxes and depreciation and amortization, and further adjusted for Certain Items, which Certain Items include accelerated depreciation and amortization expense. Operating EBITDA is equal to adjusted EBIT plus depreciation and amortization. We believe that Operating EBITDA provides transparent and useful information to investors, analysts and other parties in evaluating our operating performance relative to our peer companies. Operating EBITDA margin is defined by the Company as Operating EBITDA divided by net sales. Operating EBITDA margin has the same uses and limitations as Operating EBITDA.

-- Operating profit (loss) attributable to Celanese Corporation is defined by the Company as operating profit (loss), less earnings (loss) attributable to noncontrolling interests ("NCI"). We believe that operating profit (loss) attributable to Celanese Corporation provides transparent and useful information to management, investors, analysts and other parties in evaluating our core operational performance. Operating margin attributable to Celanese Corporation is defined by the Company as operating profit (loss) attributable to Celanese Corporation divided by net sales. Operating margin attributable to Celanese Corporation has the same uses and limitations as Operating profit (loss) attributable to Celanese Corporation.

-- Adjusted earnings per share is a performance measure used by the Company and is defined by the Company as earnings (loss) from continuing operations attributable to Celanese Corporation, adjusted for income tax (provision) benefit, Certain Items, and refinancing and related expenses, divided by the number of basic common shares and dilutive restricted stock units and stock options calculated using the treasury method. We believe that adjusted earnings per share provides transparent and useful information to management, investors, analysts and other parties in evaluating and assessing our primary operating results from period-to-period after removing the impact of the above stated items that affect comparability and as a performance metric in the Company’s incentive compensation plan. We may provide guidance on adjusted earnings per share but are unable to reconcile forecasted adjusted earnings per share to a GAAP financial measure without unreasonable efforts because a forecast of Certain Items, such as mark-to-market pension gains and losses, which may be significant, is not practical. Note: The income tax expense (benefit) on Certain Items ("Non-GAAP adjustments") is determined using the applicable rates in the taxing jurisdictions in which the Non-GAAP adjustments occurred and includes both current and deferred income tax expense (benefit). The income tax rate used for adjusted earnings per share approximates the midpoint in a range of forecasted tax rates for the year. This range may include certain partial or full-year forecasted tax opportunities and related costs, where applicable, and specifically excludes changes in uncertain tax positions, discrete recognition of GAAP items on a quarterly basis, other pre-tax items adjusted out of our GAAP earnings for adjusted earnings per share purposes and changes in management’s assessments regarding the ability to realize deferred tax assets for GAAP. In determining the adjusted earnings per share tax rate, we reflect the impact of foreign tax credits when utilized, or expected to be utilized, absent discrete events impacting the timing of foreign tax credit utilization. We analyze this rate quarterly and adjust it if there is a material change in the range of forecasted tax rates; an updated forecast would not necessarily result in a change to our tax rate used for adjusted earnings per share. The adjusted tax rate is an estimate and may differ from the actual tax rate used for GAAP reporting in any given reporting period. Table 3a summarizes the reconciliation of our estimated GAAP effective tax rate to the adjusted tax rate. The estimated GAAP rate excludes discrete recognition of GAAP items due to our inability to forecast such items. As part of the year-end reconciliation, we will update the reconciliation of the GAAP effective tax rate to the adjusted tax rate for actual results.

-- Free cash flow is a liquidity measure used by the Company and is defined by the Company as net cash provided by (used in) operations, less capital expenditures on property, plant and equipment, and adjusted for capital contributions from or distributions to Mitsui & Co., Ltd. ("Mitsui") related to our methanol joint venture, Fairway Methanol LLC ("Fairway"). We believe that free cash flow provides useful information to management, investors, analysts and other parties in evaluating the Company’s liquidity and credit quality assessment because it provides an indication of the long-term cash generating ability of our business. Although we use free cash flow as a measure to assess the liquidity generated by our business, the use of free cash flow has important limitations, including that free cash flow does not reflect the cash requirements necessary to service our indebtedness, lease obligations, unconditional purchase obligations or pension and postretirement funding obligations.

-- Net debt is defined by the Company as total debt less cash and cash equivalents. We believe that net debt provides useful information to management, investors, analysts and other parties in evaluating changes to the Company’s capital structure and credit quality assessment.

-- Return on invested capital (adjusted) is defined by the Company as adjusted EBIT, tax effected using the adjusted tax rate, divided by the sum of the average of beginning and end of the year short- and long-term debt and Celanese Corporation stockholders’ equity. We believe that return on invested capital (adjusted) provides useful information to management, investors, analysts and other parties in order to assess our income generation from the point of view of our stockholders and creditors who provide us with capital in the form of equity and debt and whether capital invested in the Company yields competitive returns. In addition, achievement of certain predetermined targets relating to return on invested capital (adjusted) is one of the factors we consider in determining the amount of performance-based compensation received by our management.

Supplemental Information

Supplemental Information we believe to be of interest to investors, analysts and other parties includes the following:

-- Net sales for Materials Solutions, the Acetyl Chain and each of our business segments and the percentage increase or decrease in net sales attributable to price, volume, currency and other factors for Materials Solutions, the Acetyl Chain and each of our business segments.

-- Cash dividends received from our equity and cost investments.

-- For those consolidated ventures in which the Company owns or is exposed to less than 100% of the economics, the outside stockholders’ interests are shown as NCI. Beginning in 2014, this includes Fairway for which the Company’s ownership percentage is 50%. Amounts referred to as "attributable to Celanese Corporation" are net of any applicable NCI.

Results Unaudited

The results in this document, together with the adjustments made to present the results on a comparable basis, have not been audited and are based on internal financial data furnished to management. Quarterly results should not be taken as an indication of the results of operations to be reported for any subsequent period or for the full fiscal year.

 
 
Table 1 - Adjusted EBIT and Operating EBITDA - Reconciliation
of Non-GAAP Measures - Unaudited
                                                                                                                                                                                                                                                                                                                                                        
                                                                                                                      Q3 ’17                                                                        Q2 ’17                                                                        Q1 ’17                                                                         2016                                                                         Q4 ’16                                                                        Q3 ’16                                                                        Q2 ’16                                                                        Q1 ’16
                                                                                                       ------------------------------------                                          ------------------------------------                                          ------------------------------------                                          ------------------------------------                                          ------------------------------------                                          ------------------------------------                                          ------------------------------------                                          ------------------------------------
                                                                                                                                                                                                                                                                                                                                            (In $ millions)
Net earnings (loss) attributable to Celanese Corporation                                                          226                                                                           231                                                                           183                                                                           900                                                                           160                                                                           262                                                                           221                                                                           257
(Earnings) loss from discontinued operations                                                                        4                                                                             8                                                                --                                                                             2                                                                --                                                                             3                                                                --                                                                            (1 )
Interest income                                                                                                    (1 )                                                                          (1 )                                                              --                                                                            (2 )                                                                          (1 )                                                              --                                                                --                                                                            (1 )
Interest expense                                                                                                   32                                                                            30                                                                            29                                                                           120                                                                            29                                                                            28                                                                            30                                                                            33
Refinancing expense                                                                                    --                                                                --                                                                --                                                                             6                                                                --                                                                             4                                                                --                                                                             2
Income tax provision (benefit)                                                                                     57                                                                            40                                                                            56                                                                           122                                                                            (5 )                                                                          15                                                                            52                                                                            60
Certain Items attributable to Celanese Corporation (Table 8)                                                       27                                                         18                                                         65                                                        130                                                        106                                                          7                                                          9                                                          8  
                                                                                                       -------------- --------------------                                           -------------- --------------------                                           -------------- --------------------                                           -------------- --------------------                                           -------------- --------------------                                           -------------- --------------------                                           -------------- --------------------                                           -------------- --------------------
   Adjusted EBIT                                                                                                  345                                                                           326                                                                           333                                                                         1,278                                                                           289                                                                           319                                                                           312                                                                           358
Depreciation and amortization expense(1)                                                                           78                                                         75                                                         71                                                        288                                                         71                                                         71                                                         73                                                         73  
                                                                                                       -------------- --------------------                                           -------------- --------------------                                           -------------- --------------------                                           -------------- --------------------                                           -------------- --------------------                                           -------------- --------------------                                           -------------- --------------------                                           -------------- --------------------
   Operating EBITDA                                                                                               423                                                        401                                                        404                                                      1,566                                                        360                                                        390                                                        385                                                        431  
                                                                                                       ============== ====================                                           ============== ====================                                           ============== ====================                                           ============== ====================                                           ============== ====================                                           ============== ====================                                           ============== ====================                                           ============== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
                                                                                                                      Q3 ’17                                                                        Q2 ’17                                                                        Q1 ’17                                                                         2016                                                                         Q4 ’16                                                                        Q3 ’16                                                                        Q2 ’16                                                                        Q1 ’16
                                                                                                       ------------------------------------                                          ------------------------------------                                          ------------------------------------                                          ------------------------------------                                          ------------------------------------                                          ------------------------------------                                          ------------------------------------                                          ------------------------------------
                                                                                                                                                                                                                                                                                                                                            (In $ millions)
Advanced Engineered Materials                                                                          --                                                                --                                                                --                                                                --                                                                --                                                                --                                                                --                                                                --
Consumer Specialties                                                                                   --                                                                --                                                                --                                                                             1                                                                --                                                                             1                                                                --                                                                --
Industrial Specialties                                                                                              2                                                                --                                                                --                                                                --                                                                --                                                                --                                                                --                                                                --
Acetyl Intermediates                                                                                   --                                                                --                                                                --                                                                --                                                                --                                                                --                                                                --                                                                --
Other Activities(2)                                                                                    --                                             --                                             --                                                          1                                                          1                                             --                                             --                                             --  
                                                                                                       -------------- --------------------                                           -------------- --------------------                                           -------------- --------------------                                           -------------- --------------------                                           -------------- --------------------                                           -------------- --------------------                                           -------------- --------------------                                           -------------- --------------------
   Accelerated depreciation and amortization expense                                                                2                                                                --                                                                --                                                                             2                                                                             1                                                                             1                                                                --                                                                --
Depreciation and amortization expense(1)                                                                           78                                                         75                                                         71                                                        288                                                         71                                                         71                                                         73                                                         73  
                                                                                                       -------------- --------------------                                           -------------- --------------------                                           -------------- --------------------                                           -------------- --------------------                                           -------------- --------------------                                           -------------- --------------------                                           -------------- --------------------                                           -------------- --------------------
      Total depreciation and amortization expense                                                                  80                                                         75                                                         71                                                        290                                                         72                                                         72                                                         73                                                         73  
                                                                                                       ============== ====================                                           ============== ====================                                           ============== ====================                                           ============== ====================                                           ============== ====================                                           ============== ====================                                           ============== ====================                                           ============== ====================
 
______________________________
(1)          Excludes accelerated depreciation and amortization expense as
                                detailed in the table above, which amounts are included in Certain
                                Items above.
(2)                             Other Activities includes corporate Selling, general and
                                administrative ("SG&A") expenses, the results of captive insurance
                                companies and certain components of net periodic benefit cost
                                (interest cost, expected return on plan assets and net actuarial
                                gains and losses).
 
 
Table 2 - Supplemental Segment Data and Reconciliation of
Segment Adjusted EBIT and Operating EBITDA - Non-GAAP Measures -
Unaudited
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
                                                                                                                                                       Q3 ’17                                                                                                                         Q2 ’17                                                                                                                         Q1 ’17                                                                                                                          2016                                                                                                                          Q4 ’16                                                                                                                         Q3 ’16                                                                                                                         Q2 ’16                                                                                                                         Q1 ’16
                                                                                                                -------------------------------------------------------------------------------------                                          -------------------------------------------------------------------------------------                                          -------------------------------------------------------------------------------------                                          -------------------------------------------------------------------------------------                                          -------------------------------------------------------------------------------------                                          -------------------------------------------------------------------------------------                                          -------------------------------------------------------------------------------------                                          -------------------------------------------------------------------------------------
                                                                                                                                                                                                                                                                                                                                                     (In $ millions, except percentages)
Operating Profit (Loss) / Operating Margin
   Materials Solutions                                                                                                     150                                                                20.5 %                                                      146                                                                20.6 %                                                      166                                                                23.5 %                                                      652                                                                27.5 %                                                      163                                                                27.7 %                                                      161                                                                27.3 %                                                      162                                                                27.0 %                                                      166                                                                27.9 %
   Acetyl Chain(1)                                                                                                         148                                                                17.1 %                                                      135                                                                16.3 %                                                       52                                                                 6.5 %                                                      446                                                                14.2 %                                                       86                                                                11.5 %                                                      108                                                                14.2 %                                                      107                                                                13.7 %                                                      145                                                                17.3 %
   Other Activities(2)                                                                                                     (46 )                                                                                                                          (41 )                                                                                                                          (26 )                                                                                                                         (205 )                                                                                                                         (132 )                                                                                                                          (23 )                                                                                                                          (26 )                                                                                                                          (24 )
                                                                                                                -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------
      Total                                                                                                                252                                             16.1 %                                                      240                                             15.9 %                                                      192                                             13.1 %                                                      893                                             16.6 %                                                      117                                              8.9 %                                                      246                                             18.6 %                                                      243                                             18.0 %                                                      287                                             20.4 %
                                                                                                                -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------
      Less: Net Earnings (Loss) Attributable to NCI(1)                                                                       2                                                                                                           2                                                                                                           1                                                                                                           6                                                                                                           1                                                                                                           1                                                                                                           2                                                                                                           2  
                                                                                                                -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------
         Operating Profit (Loss) Attributable to Celanese Corporation                                                      250                                             16.0 %                                                      238                                             15.8 %                                                      191                                             13.0 %                                                      887                                             16.5 %                                                      116                                              8.8 %                                                      245                                             18.5 %                                                      241                                             17.8 %                                                      285                                             20.3 %
                                                                                                                -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------
Operating Profit (Loss) / Operating Margin Attributable to
Celanese Corporation
   Advanced Engineered Materials                                                                                            97                                                                17.9 %                                                       97                                                                18.8 %                                                       98                                                                20.1 %                                                      350                                                                24.2 %                                                       87                                                                23.9 %                                                       93                                                                25.5 %                                                       82                                                                22.5 %                                                       88                                                                25.1 %
   Consumer Specialties                                                                                                     53                                             28.3 %                                                       49                                             25.4 %                                                       68                                             31.2 %                                                      302                                             32.5 %                                                       76                                             33.8 %                                                       68                                             30.2 %                                                       80                                             34.0 %                                                       78                                             32.0 %
                                                                                                                -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------
      Total Materials Solutions                                                                                            150                                             20.5 %                                                      146                                             20.6 %                                                      166                                             23.5 %                                                      652                                             27.5 %                                                      163                                             27.7 %                                                      161                                             27.3 %                                                      162                                             27.0 %                                                      166                                             27.9 %
                                                                                                                -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------
   Industrial Specialties                                                                                                   20                                                                 7.6 %                                                       26                                                                 9.9 %                                                       25                                                                10.2 %                                                      105                                                                10.7 %                                                       20                                                                 9.1 %                                                       25                                                                10.2 %                                                       29                                                                11.1 %                                                       31                                                                12.3 %
   Acetyl Intermediates(1)                                                                                                 126                                                                18.4 %                                                      107                                                                16.5 %                                                       26                                                                 4.2 %                                                      334                                                                13.7 %                                                       65                                                                10.9 %                                                       82                                                                13.9 %                                                       75                                                                12.7 %                                                      112                                                                16.9 %
   Eliminations                                                                                                 --                                                                                              --                                                                                              --                                                                                                           1                                                                                              --                                                                                              --                                                                                                           1                                                                                              --  
                                                                                                                -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------
      Total Acetyl Chain                                                                                                   146                                             16.9 %                                                      133                                             16.1 %                                                       51                                              6.4 %                                                      440                                             14.0 %                                                       85                                             11.3 %                                                      107                                             14.0 %                                                      105                                             13.5 %                                                      143                                             17.0 %
                                                                                                                -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------
   Other Activities(2)                                                                                                     (46 )                                                                                                                          (41 )                                                                                                                          (26 )                                                                                                                         (205 )                                                                                                                         (132 )                                                                                                                          (23 )                                                                                                                          (26 )                                                                                                                          (24 )
                                                                                                                -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------
      Total                                                                                                                250                                             16.0 %                                                      238                                             15.8 %                                                      191                                             13.0 %                                                      887                                             16.5 %                                                      116                                              8.8 %                                                      245                                             18.5 %                                                      241                                             17.8 %                                                      285                                             20.3 %
                                                                                                                -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------
Equity Earnings, Cost-Dividend Income, Other Income (Expense)
Attributable to Celanese Corporation
   Advanced Engineered Materials                                                                                            45                                                                                                                             38                                                                                                                             42                                                                                                                            122                                                                                                                             31                                                                                                                             33                                                                                                                             27                                                                                                                             31
   Consumer Specialties                                                                                                     26                                                                                                          28                                                                                                          30                                                                                                         110                                                                                                          27                                                                                                          27                                                                                                          28                                                                                                          28  
                                                                                                                -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------
      Total Materials Solutions                                                                                             71                                                                                                          66                                                                                                          72                                                                                                         232                                                                                                          58                                                                                                          60                                                                                                          55                                                                                                          59  
                                                                                                                -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------
   Industrial Specialties                                                                                       --                                                                                                                 --                                                                                                                 --                                                                                                                 --                                                                                                                 --                                                                                                                 --                                                                                                                 --                                                                                                                 --
   Acetyl Intermediates                                                                                                      1                                                                                                           2                                                                                                           1                                                                                                           7                                                                                                           2                                                                                                           1                                                                                                           2                                                                                                           2  
                                                                                                                -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------
      Total Acetyl Chain                                                                                                     1                                                                                                           2                                                                                                           1                                                                                                           7                                                                                                           2                                                                                                           1                                                                                                           2                                                                                                           2  
                                                                                                                -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------
   Other Activities(2)                                                                                                      (4 )                                                                                                                            2                                                                                                           4                                                                                                          22                                                                                                           7                                                                                                           6                                                                                                           5                                                                                                           4  
                                                                                                                -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------
      Total                                                                                                                 68                                                                                                          70                                                                                                          77                                                                                                         261                                                                                                          67                                                                                                          67                                                                                                          62                                                                                                          65  
                                                                                                                -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------
Certain Items Attributable to Celanese Corporation (Table 8)
   Advanced Engineered Materials                                                                                             5                                                                                                                              7                                                                                                                              3                                                                                                                              7                                                                                                                              3                                                                                                                              1                                                                                                                              2                                                                                                                              1
   Consumer Specialties                                                                                         --                                                                                                           2                                                                                                           2                                                                                                           6                                                                                                           3                                                                                                           3                                                                                              --                                                                                              --  
                                                                                                                -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------
      Total Materials Solutions                                                                                              5                                                                                                           9                                                                                                           5                                                                                                          13                                                                                                           6                                                                                                           4                                                                                                           2                                                                                                           1  
                                                                                                                -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------
   Industrial Specialties                                                                                                    3                                                                                                                 --                                                                                                                 --                                                                                                                              1                                                                                                                             (2 )                                                                                                               --                                                                                                                              1                                                                                                                              2
   Acetyl Intermediates                                                                                                      7                                                                                                          (3 )                                                                                                                           56                                                                                                           6                                                                                                           1                                                                                                           1                                                                                                           3                                                                                                           1  
                                                                                                                -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------
      Total Acetyl Chain                                                                                                    10                                                                                                          (3 )                                                                                                                           56                                                                                                           7                                                                                                          (1 )                                                                                                                            1                                                                                                           4                                                                                                           3  
                                                                                                                -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------
   Other Activities(2)                                                                                                      12                                                                                                          12                                                                                                           4                                                                                                         110                                                                                                         101                                                                                                           2                                                                                                           3                                                                                                           4  
                                                                                                                -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------
      Total                                                                                                                 27                                                                                                          18                                                                                                          65                                                                                                         130                                                                                                         106                                                                                                           7                                                                                                           9                                                                                                           8  
                                                                                                                -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------
Adjusted EBIT / Adjusted EBIT Margin
   Advanced Engineered Materials                                                                                           147                                                                27.1 %                                                      142                                                                27.5 %                                                      143                                                                29.4 %                                                      479                                                                33.2 %                                                      121                                                                33.2 %                                                      127                                                                34.8 %                                                      111                                                                30.4 %                                                      120                                                                34.3 %
   Consumer Specialties                                                                                                     79                                             42.2 %                                                       79                                             40.9 %                                                      100                                             45.9 %                                                      418                                             45.0 %                                                      106                                             47.1 %                                                       98                                             43.6 %                                                      108                                             46.0 %                                                      106                                             43.4 %
                                                                                                                -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------
      Total Materials Solutions                                                                                            226                                             31.0 %                                                      221                                             31.2 %                                                      243                                             34.5 %                                                      897                                             37.8 %                                                      227                                             38.5 %                                                      225                                             38.1 %                                                      219                                             36.5 %                                                      226                                             38.0 %
                                                                                                                -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------
   Industrial Specialties                                                                                                   23                                                                 8.7 %                                                       26                                                                 9.9 %                                                       25                                                                10.2 %                                                      106                                                                10.8 %                                                       18                                                                 8.2 %                                                       25                                                                10.2 %                                                       30                                                                11.5 %                                                       33                                                                13.0 %
   Acetyl Intermediates                                                                                                    134                                                                19.6 %                                                      106                                                                16.3 %                                                       83                                                                13.4 %                                                      347                                                                14.2 %                                                       68                                                                11.4 %                                                       84                                                                14.3 %                                                       80                                                                13.5 %                                                      115                                                                17.3 %
   Eliminations                                                                                                 --                                                                                              --                                                                                              --                                                                                                           1                                                                                              --                                                                                              --                                                                                                           1                                                                                              --  
                                                                                                                -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------
      Total Acetyl Chain                                                                                                   157                                             18.2 %                                                      132                                             16.0 %                                                      108                                             13.6 %                                                      454                                             14.5 %                                                       86                                             11.5 %                                                      109                                             14.3 %                                                      111                                             14.2 %                                                      148                                             17.6 %
                                                                                                                -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------
   Other Activities(2)                                                                                                     (38 )                                                                                                                          (27 )                                                                                                                          (18 )                                                                                                                          (73 )                                                                                                                          (24 )                                                                                                                          (15 )                                                                                                                          (18 )                                                                                                                          (16 )
                                                                                                                -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------                                                                                            -------------- --------------------
      Total                                                                                                                345                                             22.0 %                                                      326                                             21.6 %                                                      333                                             22.6 %                                                    1,278                                             23.7 %                                                      289                                             22.0 %                                                      319                                             24.1 %                                                      312                                             23.1 %                                                      358                                             25.5 %
                                                                                                                ============== ====================                                                                                            ============== ====================                                                                                            ============== ====================                                                                                            ============== ====================                                                                                            ============== ====================                                                                                            ============== ====================                                                                                            ============== ====================                                                                                            ============== ====================
 
___________________________
(1)         Net earnings (loss) attributable to NCI is included within the
                               Acetyl Intermediates segment.
(2)                            Other Activities includes corporate SG&A expenses, the results of
                               captive insurance companies and certain components of net periodic
                               benefit cost (interest cost, expected return on plan assets and
                               net actuarial gains and losses).
 
 
Table 2 - Supplemental Segment Data and Reconciliation of
Segment Adjusted EBIT and Operating EBITDA - Non-GAAP Measures -
Unaudited (cont.)
                                                                                                                                                                                                                                                                                                                                                                                                         
                                                                                                                  Q3 ’17                                                                               Q2 ’17                                                                               Q1 ’17                                                                           2016                                                                            Q4 ’16                                                                               Q3 ’16                                                                         Q2 ’16                                                                          Q1 ’16
                                                                                     ----------------------------------------------------------------                     ----------------------------------------------------------------                     ----------------------------------------------------------------                     -------------------------------------------------------                     ----------------------------------------------------------------                     ----------------------------------------------------------------                     -----------------------------------------------------                     ----------------------------------------------------------------
                                                                                                                                                                                                                                                                                                                          (In $ millions, except percentages)
Depreciation and Amortization Expense(1)
   Advanced Engineered Materials                                                                 29                                                                                   26                                                                                   24                                                                          92                                                                                   21                                                                                   22                                                                        25                                                                                   24
   Consumer Specialties                                                                          11                                                                11                                                                11                                                       44                                                                11                                                                11                                                     11                                                                11  
                                                                                     -------------- --------------------                                                  -------------- --------------------                                                  -------------- --------------------                                                  ----- --------------------                                                  -------------- --------------------                                                  -------------- --------------------                                                  --- --------------------                                                  -------------- --------------------
      Total Materials Solutions                                                                  40                                                                37                                                                35                                                      136                                                                32                                                                33                                                     36                                                                35  
                                                                                     -------------- --------------------                                                  -------------- --------------------                                                  -------------- --------------------                                                  ----- --------------------                                                  -------------- --------------------                                                  -------------- --------------------                                                  --- --------------------                                                  -------------- --------------------
   Industrial Specialties                                                                         8                                                                                   10                                                                                    8                                                                          34                                                                                    9                                                                                    9                                                                         8                                                                                    8
   Acetyl Intermediates                                                                          26                                                                26                                                                26                                                      107                                                                26                                                                27                                                     27                                                                27  
                                                                                     -------------- --------------------                                                  -------------- --------------------                                                  -------------- --------------------                                                  ----- --------------------                                                  -------------- --------------------                                                  -------------- --------------------                                                  --- --------------------                                                  -------------- --------------------
      Total Acetyl Chain                                                                         34                                                                36                                                                34                                                      141                                                                35                                                                36                                                     35                                                                35  
                                                                                     -------------- --------------------                                                  -------------- --------------------                                                  -------------- --------------------                                                  ----- --------------------                                                  -------------- --------------------                                                  -------------- --------------------                                                  --- --------------------                                                  -------------- --------------------
   Other Activities(2)                                                                            4                                                                 2                                                                 2                                                       11                                                                 4                                                                 2                                                      2                                                                 3  
                                                                                     -------------- --------------------                                                  -------------- --------------------                                                  -------------- --------------------                                                  ----- --------------------                                                  -------------- --------------------                                                  -------------- --------------------                                                  --- --------------------                                                  -------------- --------------------
      Total                                                                                      78                                                                75                                                                71                                                      288                                                                71                                                                71                                                     73                                                                73  
                                                                                     -------------- --------------------                                                  -------------- --------------------                                                  -------------- --------------------                                                  ----- --------------------                                                  -------------- --------------------                                                  -------------- --------------------                                                  --- --------------------                                                  -------------- --------------------
Operating EBITDA / Operating EBITDA Margin
   Advanced Engineered Materials                                                                176                                           32.4 %                                 168                                           32.6 %                                 167                                           34.3 %                        571                                           39.5 %                                 142                                           39.0 %                                 149                                           40.8 %                      136                                           37.3 %                                 144                                           41.1 %
   Consumer Specialties                                                                          90                        48.1 %                                  90                        46.6 %                                 111                        50.9 %                        462                        49.7 %                                 117                        52.0 %                                 109                        48.4 %                      119                        50.6 %                                 117                        48.0 %
                                                                                     -------------- --------------------                                                  -------------- --------------------                                                  -------------- --------------------                                                  ----- --------------------                                                  -------------- --------------------                                                  -------------- --------------------                                                  --- --------------------                                                  -------------- --------------------
      Total Materials Solutions                                                                 266                        36.4 %                                 258                        36.4 %                                 278                        39.4 %                      1,033                        43.5 %                                 259                        44.0 %                                 258                        43.7 %                      255                        42.5 %                                 261                        43.9 %
                                                                                     -------------- --------------------                                                  -------------- --------------------                                                  -------------- --------------------                                                  ----- --------------------                                                  -------------- --------------------                                                  -------------- --------------------                                                  --- --------------------                                                  -------------- --------------------
   Industrial Specialties                                                                        31                                           11.7 %                                  36                                           13.7 %                                  33                                           13.5 %                        140                                           14.3 %                                  27                                           12.3 %                                  34                                           13.9 %                       38                                           14.5 %                                  41                                           16.2 %
   Acetyl Intermediates                                                                         160                                           23.4 %                                 132                                           20.3 %                                 109                                           17.6 %                        454                                           18.6 %                                  94                                           15.7 %                                 111                                           18.8 %                      107                                           18.1 %                                 142                                           21.4 %
   Eliminations                                                                      --                                                    --                                                    --                                                        1                                                    --                                                    --                                                      1                                                    --  
                                                                                     -------------- --------------------                                                  -------------- --------------------                                                  -------------- --------------------                                                  ----- --------------------                                                  -------------- --------------------                                                  -------------- --------------------                                                  --- --------------------                                                  -------------- --------------------
      Total Acetyl Chain                                                                        191                        22.1 %                                 168                        20.3 %                                 142                        17.9 %                        595                        19.0 %                                 121                        16.2 %                                 145                        19.0 %                      146                        18.7 %                                 183                        21.8 %
                                                                                     -------------- --------------------                                                  -------------- --------------------                                                  -------------- --------------------                                                  ----- --------------------                                                  -------------- --------------------                                                  -------------- --------------------                                                  --- --------------------                                                  -------------- --------------------
   Other Activities(2)                                                                          (34 )                                                                                (25 )                                                                                (16 )                                                                       (62 )                                                                                (20 )                                                                                (13 )                                                                     (16 )                                                                                (13 )
                                                                                     -------------- --------------------                                                  -------------- --------------------                                                  -------------- --------------------                                                  ----- --------------------                                                  -------------- --------------------                                                  -------------- --------------------                                                  --- --------------------                                                  -------------- --------------------
      Total                                                                                     423                        27.0 %                                 401                        26.6 %                                 404                        27.5 %                      1,566                        29.1 %                                 360                        27.5 %                                 390                        29.5 %                      385                        28.5 %                                 431                        30.7 %
                                                                                     ============== ====================                                                  ============== ====================                                                  ============== ====================                                                  ===== ====================                                                  ============== ====================                                                  ============== ====================                                                  === ====================                                                  ============== ====================
 
___________________________
(1)         Excludes accelerated depreciation and amortization expense, which
                               amounts are included in Certain Items above. See Table 1 for
                               details.
(2)                            Other Activities includes corporate SG&A expenses, the results of
                               captive insurance companies and certain components of net periodic
                               benefit cost (interest cost, expected return on plan assets and
                               net actuarial gains and losses).
 
 
Table 3
Adjusted Earnings (Loss) per Share - Reconciliation of a Non-GAAP
Measure - Unaudited
 
                                                                                                          Q3 ’17                                      Q2 ’17                                      Q1 ’17                                  2016                                   Q4 ’16                                 Q3 ’16                                  Q2 ’16                                  Q1 ’16
                                                                                                                              ------------------------------------------                     ------------------------------------------                     ------------------------------------------                     ---------------------------------                     ------------------------------------------                     ---------------------------------                     ------------------------------------------                     -----------------------------------
                                                                                                                                                 per                                         per                                         per                                per                                         per                                per                                         per                                 per
                                                                                                                                                                   share                                                          share                                                          share                                                 share                                                          share                                                 share                                                          share                                                  share
                                                                                                                                                                                                                                                                                                                                                (In $ millions, except per share data)
Earnings (loss) from continuing operations attributable to Celanese                                                                      230                       1.68                                 239                       1.72                                 183                       1.30                        902                       6.19                                 160                       1.12                        265                       1.83                                 221                       1.50                         256                        1.73
Corporation
Income tax provision (benefit)                                                                                                            57                                                             40                                                             56                                                   122                                                            (5)                                                    15                                                             52                                                     60
                                                                                                                              --------------                                                 --------------                                                 --------------                                                 -----                                                 --------------                                                 -----                                                 --------------                                                 ------
   Earnings (loss) from continuing operations before tax                                                                                 287                                                            279                                                            239                                                 1,024                                                            155                                                   280                                                            273                                                    316
Certain Items attributable to Celanese Corporation (Table 8)                                                                              27                                                             18                                                             65                                                   130                                                            106                                                     7                                                              9                                                      8
Refinancing and related expenses                                                                                              --                                                 --                                                 --                                                     6                                                 --                                                     4                                                 --                                                      2
                                                                                                                              --------------                                                 --------------                                                 --------------                                                 -----                                                 --------------                                                 -----                                                 --------------                                                 ------
   Adjusted earnings (loss) from continuing operations before tax                                                                        314                                                            297                                                            304                                                 1,160                                                            261                                                   291                                                            282                                                    326
Income tax (provision) benefit on adjusted earnings(1)                                                                                  (50)                                                           (48)                                                           (49)                                                 (197)                                                           (44)                                                  (49)                                                           (48)                                                   (55)
                                                                                                                              --------------                                                 --------------                                                 --------------                                                 -----                                                 --------------                                                 -----                                                 --------------                                                 ------
      Adjusted earnings (loss) from continuing operations(2)                                                                             264                       1.93                                 249                       1.79                                 255                       1.81                        963                       6.61                                 217                       1.52                        242                       1.67                                 234                       1.59                         271                        1.83
                                                                                                                              ==============                      =====                      ==============                      =====                      ==============                      =====                      =====                      =====                      ==============                      =====                      =====                      =====                      ==============                      =====                      ======                      ======
                                                                                                                                                                                                                                                                                                                                                    Diluted shares (in millions)(3)
Weighted average shares outstanding                                                                                                    136.6                                                          138.6                                                          140.6                                                 144.9                                                          141.9                                                 144.0                                                          146.5                                                  147.4
Incremental shares attributable to equity awards                                                                                         0.4                                                            0.4                                                            0.4                                                   0.8                                                            0.7                                                   0.6                                                            0.6                                                    0.7
                                                                                                                              --------------                                                 --------------                                                 --------------                                                 -----                                                 --------------                                                 -----                                                 --------------                                                 ------
   Total diluted shares                                                                                                                137.0                                                          139.0                                                          141.0                                                 145.7                                                          142.6                                                 144.6                                                          147.1                                                  148.1
                                                                                                                              ==============                                                 ==============                                                 ==============                                                 =====                                                 ==============                                                 =====                                                 ==============                                                 ======
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
______________________________
(1) Calculated using adjusted effective tax rates
(Table 3a) as follows:
                                                                                                                                                Q3 ’17                                                         Q2 ’17                                                         Q1 ’17                                                     2016                                                      Q4 ’16                                                    Q3 ’16                                                     Q2 ’16                                                     Q1 ’16
                                                                                                                              ------------------------------------------                     ------------------------------------------                     ------------------------------------------                     ---------------------------------                     ------------------------------------------                     ---------------------------------                     ------------------------------------------                     -----------------------------------
                                                                                                                                                                                                                                                                                                                                                           (In percentages)
    Adjusted effective tax rate                                                                                                           16                                                             16                                                             16                                                    17                                                             17                                                    17                                                             17                                                     17
                                                                                                                               
                                                                                                                               
(2) Excludes the immediate recognition of actuarial
gains and losses and the impact of actual vs. expected plan asset
returns.
                                   Expected
                                     Actual Plan                        Plan Asset
                                    Asset Returns                         Returns
                                   -------------                      -------------
                                                   (In percentages)
                                         6.9                                7.3
     2016
                                                                                                                               
(3) Potentially dilutive shares are included in the
adjusted earnings per share calculation when adjusted earnings are
positive.
 
 
Table 3a
Adjusted Tax Rate - Reconciliation of a Non-GAAP Measure -
Unaudited
 
                                                                                     Estimated                                Actual
                                                                                                                             2017                                                                          2016
                                                                                                             ------------------------------------                                          ------------------------------------
                                                                                                                                                              (In percentages)
US GAAP effective tax rate                                                                                               18                                                                            12
Discrete quarterly recognition of GAAP items(1)                                                                          (1 )                                                                           1
Tax impact of other charges and adjustments(2)                                                                           (1 )                                                                           3
Utilization of foreign tax credits                                                                           --                                                                --
Changes in valuation allowances, excluding impact of other charges                                           --                                                                             2
and adjustments(3)
Other(4)                                                                                                     --                                                         (1 )
                                                                                                             -------------- --------------------                                           -------------- --------------------
   Adjusted tax rate                                                                                                     16                                                         17  
                                                                                                             ============== ====================                                           ============== ====================
______________________________
Note: As part of the year-end reconciliation, we will update
the reconciliation of the GAAP effective tax rate for actual
results.
(1)                    Such as changes in tax laws, deferred taxes on outside basis
                                          differences, changes in uncertain tax positions and prior year
                                          audit adjustments.
(2)                                       Reflects the tax impact on pre-tax adjustments presented in
                                          Certain Items (Table 8), which are excluded from pre-tax income
                                          for adjusted earnings per share purposes.
(3)                                       Reflects changes in valuation allowances related to changes in
                                          judgment regarding the realizability of deferred tax assets or
                                          current year operations, excluding other charges and adjustments.
(4)                                       Tax impacts related to full-year forecasted tax opportunities and
                                          related costs.
 
 
Table 4
Net Sales by Segment - Unaudited
 
                                                               Q3 ’17                                Q2 ’17                                Q1 ’17                                 2016                                 Q4 ’16                                Q3 ’16                                Q2 ’16                                Q1 ’16
                                                                                      ------------------------------------                     ------------------------------------                     ------------------------------------                     ------------------------------------                     ------------------------------------                     ------------------------------------                     ------------------------------------                     ------------------------------------
                                                                                                                                                                                                                                                                                                        (In $ millions)
Advanced Engineered Materials                                                                    543                                                      516                                                      487                                                    1,444                                                      364                                                      365                                                      365                                                      350
Consumer Specialties                                                                             187                                   193                                   218                                   929                                   225                                   225                                   235                                   244  
                                                                                      -------------- --------------------                      -------------- --------------------                      -------------- --------------------                      -------------- --------------------                      -------------- --------------------                      -------------- --------------------                      -------------- --------------------                      -------------- --------------------
   Total Materials Solutions                                                                     730                                   709                                   705                                 2,373                                   589                                   590                                   600                                   594  
                                                                                      -------------- --------------------                      -------------- --------------------                      -------------- --------------------                      -------------- --------------------                      -------------- --------------------                      -------------- --------------------                      -------------- --------------------                      -------------- --------------------
Industrial Specialties                                                                           264                                                      262                                                      245                                                      979                                                      219                                                      245                                                      262                                                      253
Acetyl Intermediates                                                                             684                                                      649                                                      619                                                    2,441                                                      597                                                      589                                                      592                                                      663
Eliminations(1)                                                                                  (85 )                                                    (85 )                                                    (70 )                                                   (288 )                                                    (67 )                                                    (71 )                                                    (74 )                                                    (76 )
                                                                                      -------------- --------------------                      -------------- --------------------                      -------------- --------------------                      -------------- --------------------                      -------------- --------------------                      -------------- --------------------                      -------------- --------------------                      -------------- --------------------
   Total Acetyl Chain                                                                            863                                   826                                   794                                 3,132                                   749                                   763                                   780                                   840  
                                                                                      -------------- --------------------                      -------------- --------------------                      -------------- --------------------                      -------------- --------------------                      -------------- --------------------                      -------------- --------------------                      -------------- --------------------                      -------------- --------------------
Other Activities(2)                                                                   --                                           --                                           --                                           --                                           --                                           --                                           --                                           --
Intersegment eliminations(1)                                                                     (27 )                                                    (25 )                                                    (28 )                                                   (116 )                                                    (27 )                                                    (30 )                                                    (29 )                                                    (30 )
                                                                                      -------------- --------------------                      -------------- --------------------                      -------------- --------------------                      -------------- --------------------                      -------------- --------------------                      -------------- --------------------                      -------------- --------------------                      -------------- --------------------
   Net sales                                                                                   1,566                                 1,510                                 1,471                                 5,389                                 1,311                                 1,323                                 1,351                                 1,404  
                                                                                      ============== ====================                      ============== ====================                      ============== ====================                      ============== ====================                      ============== ====================                      ============== ====================                      ============== ====================                      ============== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
___________________________
(1) Includes intersegment sales as follows:
                                                                                                     Q3 ’17                                                   Q2 ’17                                                   Q1 ’17                                                    2016                                                    Q4 ’16                                                   Q3 ’16                                                   Q2 ’16                                                   Q1 ’16
                                                                                      ------------------------------------                     ------------------------------------                     ------------------------------------                     ------------------------------------                     ------------------------------------                     ------------------------------------                     ------------------------------------                     ------------------------------------
                                                                                                                                                                                                                                                                                                        (In $ millions)
     Industrial Specialties                                                                       (1 )                                                     (1 )                                                     (1 )                                                     (3 )                                                     (1 )                                                     (1 )                                                     (1 )                                         --
     Acetyl Intermediates                                                                       (111 )                                                   (109 )                                                    (97 )                                                   (401 )                                                    (93 )                                                   (100 )                                                   (102 )                                                   (106 )
                                                                                      -------------- --------------------                      -------------- --------------------                      -------------- --------------------                      -------------- --------------------                      -------------- --------------------                      -------------- --------------------                      -------------- --------------------                      -------------- --------------------
        Intersegment eliminations                                                               (112 )                                                   (110 )                                                    (98 )                                                   (404 )                                                    (94 )                                                   (101 )                                                   (103 )                                                   (106 )
                                                                                      ============== ====================                      ============== ====================                      ============== ====================                      ============== ====================                      ============== ====================                      ============== ====================                      ============== ====================                      ============== ====================
 
(2) Other Activities includes corporate SG&A expenses,
the results of captive insurance companies and certain components
of net periodic benefit cost (interest cost, expected return on
plan assets and net actuarial gains and losses).
 
 
Table 4a
Factors Affecting Segment Net Sales Sequentially - Unaudited
 
Three Months Ended September 30, 2017 Compared to Three Months
Ended June 30, 2017
 
                                        Volume                  Price           Currency          Other                 Total
                                                                        -------------------                                          -------------------                                          --------                                           --------------                                           ---------------------
                                                                                                                                                                                             (In percentages)
Advanced Engineered Materials                                           --                                                            2                                                      3                                           --                                                    5
Consumer Specialties                                                                (4 )                                             --                                                      1                                           --                                                   (3 )
   Total Materials Solutions                                                        (1 )                                                          1                                                      3                                           --                                                    3
                                                                                                                                                                                                                                                                                                               
Industrial Specialties                                                              (4 )                                                          2                                                      3                                           --                                                    1
Acetyl Intermediates                                                                 3                                                           (1 )                                                    3                                           --                                                    5
   Total Acetyl Chain                                                                1                                               --                                                      3                                           --                                                    4
                                                                                                                                                                                                                                                                                                               
Total Company                                                           --                                                            1                                                      3                                           --                                                    4
 
 
Three Months Ended June 30, 2017 Compared to Three Months Ended
March 31, 2017
 
                                        Volume                  Price              Currency               Other                  Total        
                                                                        -------------------                                          -------------------                                          --------------                                           -------------------                                          -------------------
                                                                                                                                                                                                 (In percentages)
Advanced Engineered Materials                                                        4                                               --                                                            2                                           --                                                            6                                           (1)
Consumer Specialties                                                               (10 )                                                         (2 )                                             --                                           --                                                          (12 )
   Total Materials Solutions                                            --                                                           (1 )                                                          1                                           --                                               --
                                                                                                                                                                                                                                                                                                                                                                 
Industrial Specialties                                                               2                                                            3                                                            2                                           --                                                            7
Acetyl Intermediates                                                                (1 )                                                          5                                                            1                                           --                                                            5
   Total Acetyl Chain                                                   --                                                            5                                                            1                                                       (2 )                                                          4
                                                                                                                                                                                                                                                                                                                                                                 
Total Company                                                           --                                                            3                                                            1                                                       (1 )                                                          3
 
 
Three Months Ended March 31, 2017 Compared to Three Months
Ended December 31, 2016
 
                                   Volume            Price                 Currency               Other           Total  
                                                                        --------                                          -------------------                                          --------------------                                          --------------                                           --------
                                                                                                                                                                                       (In percentages)
Advanced Engineered Materials                                            35                                               --                                                           (1 )                                              --                                            34                                           (2)
Consumer Specialties                                                      3                                                           (6 )                                             --                                                --                                            (3 )
   Total Materials Solutions                                             22                                                           (2 )                                             --                                                --                                            20
                                                                                                                                                                                                                                                                                                                                            
Industrial Specialties                                                   11                                                            1                                               --                                                --                                            12
Acetyl Intermediates                                                     (2 )                                                          6                                               --                                                --                                             4
   Total Acetyl Chain                                                     2                                                            5                                                           (1 )                                              --                                             6
                                                                                                                                                                                                                                                                                                                                            
Total Company                                                            11                                                            2                                                           (1 )                                              --                                            12
___________________________
(1)         2017 includes the effect of the acquisition of the nylon
                               compounding division of Nilit Group.
(2)                            2017 includes the effect of the SO.F.TER. S.p.A. acquisition.
 
 
Three Months Ended December 31, 2016 Compared to Three Months
Ended September 30, 2016
 
                                         Volume                   Price                 Currency               Other                 Total
                                                                        --------------------                                          --------------------                                          --------------------                                          --------------                                           ---------------------
                                                                                                                                                                                                    (In percentages)
Advanced Engineered Materials                                                        1                                                --                                                            (1 )                                              --                                           --
Consumer Specialties                                                                 2                                                            (2 )                                              --                                                --                                           --
   Total Materials Solutions                                                         2                                                            (1 )                                                          (1 )                                              --                                           --
                                                                                                                                                                                                                                                                                                                            
Industrial Specialties                                                              (7 )                                                          (2 )                                                          (2 )                                              --                                                      (11 )
Acetyl Intermediates                                                    --                                                             2                                                            (1 )                                              --                                                        1
   Total Acetyl Chain                                                               (2 )                                                           1                                                            (2 )                                                           1                                                       (2 )
                                                                                                                                                                                                                                                                                                                            
Total Company                                                                       (1 )                                                           1                                                            (1 )                                              --                                                       (1 )
 
 
Three Months Ended September 30, 2016 Compared to Three Months
Ended June 30, 2016
 
                                         Volume                Price               Currency               Other                 Total
                                                                        --------------------                                          --------------                                           --------------------                                          --------------                                           ---------------------
                                                                                                                                                                                                 (In percentages)
Advanced Engineered Materials                                                       (1 )                                                           1                                           --                                                --                                           --
Consumer Specialties                                                                (4 )                                              --                                           --                                                --                                                       (4 )
   Total Materials Solutions                                                        (2 )                                              --                                           --                                                --                                                       (2 )
                                                                                                                                                                                                                                                                                                                       
Industrial Specialties                                                              (6 )                                              --                                                       (1 )                                              --                                                       (7 )
Acetyl Intermediates                                                    --                                                --                                           --                                                --                                           --
   Total Acetyl Chain                                                               (2 )                                              --                                                       (1 )                                                           1                                                       (2 )
                                                                                                                                                                                                                                                                                                                       
Total Company                                                                       (2 )                                              --                                           --                                                --                                                       (2 )
 
 
Three Months Ended June 30, 2016 Compared to Three Months Ended
March 31, 2016
 
                                    Volume              Price              Currency             Other                 Total
                                                                        ----------                                          --------------------                                          --------------                                           --------------                                           ---------------------
                                                                                                                                                                                            (In percentages)
Advanced Engineered Materials                                              6                                                            (2 )                                                           1                                           --                                                    5
Consumer Specialties                                                      (3 )                                                          (1 )                                              --                                           --                                                   (4 )
   Total Materials Solutions                                               2                                                            (2 )                                                           1                                           --                                                    1
                                                                                                                                                                                                                                                                                                             
Industrial Specialties                                                     4                                                            (1 )                                                           1                                           --                                                    4
Acetyl Intermediates                                                     (11 )                                              --                                                --                                           --                                                  (11 )
   Total Acetyl Chain                                                     (7 )                                                          (1 )                                                           1                                           --                                                   (7 )
                                                                                                                                                                                                                                                                                                             
Total Company                                                             (4 )                                                          (1 )                                                           1                                           --                                                   (4 )
 
 
Table 4a
Factors Affecting Segment Net Sales Sequentially - Unaudited
(cont.)
 
Three Months Ended March 31, 2016 Compared to Three Months Ended
December 31, 2015
 
                                  Volume            Price              Currency               Other                   Total
                                                                        ------                                           -------------------                                          --------------                                           -------------------                                          ---------------------
                                                                                                                                                                                            (In percentages)
Advanced Engineered Materials                                               12                                           --                                               --                                           --                                                       12
Consumer Specialties                                                         6                                                       (7 )                                             --                                           --                                                       (1 )
   Total Materials Solutions                                                10                                                       (3 )                                             --                                           --                                                        7
                                                                                                                                                                                                                                                                                                             
Industrial Specialties                                                       9                                                       (3 )                                             --                                           --                                                        6
Acetyl Intermediates                                                         7                                                       (4 )                                             --                                           --                                                        3
   Total Acetyl Chain                                                        8                                                       (4 )                                             --                                                       (1 )                                                      3
                                                                                                                                                                                                                                                                                                             
Total Company                                                                9                                                       (4 )                                             --                                           --                                                        5
 
 
Table 4b
Factors Affecting Segment Net Sales Year Over Year - Unaudited
 
Three Months Ended September 30, 2017 Compared to Three Months
Ended September 30, 2016
 
                                        Volume             Price     Currency            Other                   Total
                                                                        -------------------                                          --------                                          --------                                           -------------------                                          ---------------------
                                                                                                                                                                                          (In percentages)
Advanced Engineered Materials                                                       49                                                (2 )                                                    2                                           --                                                       49
Consumer Specialties                                                               (10 )                                              (8 )                                                    1                                           --                                                      (17 )
   Total Materials Solutions                                                        26                                                (4 )                                                    2                                           --                                                       24
                                                                                                                                                                                                                                                                                                        
Industrial Specialties                                                               2                                                 4                                                      2                                           --                                                        8
Acetyl Intermediates                                                                (1 )                                              16                                                      1                                           --                                                       16
   Total Acetyl Chain                                                   --                                                13                                                      2                                                       (2 )                                                     13
                                                                                                                                                                                                                                                                                                        
Total Company                                                                       11                                                 6                                                      2                                                       (1 )                                                     18
 
 
Three Months Ended June 30, 2017 Compared to Three Months Ended
June 30, 2016
 
                                   Volume       Price           Currency                 Other                   Total
                                                                        --------                                          --------                                          --------------------                                          -------------------                                          ---------------------
                                                                                                                                                                                          (In percentages)
Advanced Engineered Materials                                            44                                                (2 )                                                         (1 )                                              --                                                           41
Consumer Specialties                                                     (9 )                                              (9 )                                             --                                                --                                                          (18 )
   Total Materials Solutions                                             23                                                (4 )                                                         (1 )                                              --                                                           18
                                                                                                                                                                                                                                                                                                        
Industrial Specialties                                                   (1 )                                               3                                                           (2 )                                              --                                               --
Acetyl Intermediates                                                     (4 )                                              14                                                           (1 )                                                           1                                                           10
   Total Acetyl Chain                                                    (3 )                                              12                                                           (2 )                                                          (1 )                                                          6
                                                                                                                                                                                                                                                                                                        
Total Company                                                             8                                                 5                                                           (1 )                                              --                                                           12
 
 
Three Months Ended March 31, 2017 Compared to Three Months
Ended March 31, 2016
 
                                   Volume       Price      Currency          Other                 Total
                                                                        --------                                          --------                                          ----------                                          --------------                                           ---------------------
                                                                                                                                                                                   (In percentages)
Advanced Engineered Materials                                            44                                                (3 )                                               (2 )                                              --                                                   39
Consumer Specialties                                                     (2 )                                              (8 )                                               (1 )                                              --                                                  (11 )
   Total Materials Solutions                                             25                                                (5 )                                               (1 )                                              --                                                   19
                                                                                                                                                                                                                                                                                          
Industrial Specialties                                                    1                                                (2 )                                               (2 )                                              --                                                   (3 )
Acetyl Intermediates                                                    (12 )                                               7                                                 (2 )                                              --                                                   (7 )
   Total Acetyl Chain                                                    (9 )                                               5                                                 (2 )                                                           1                                                   (5 )
                                                                                                                                                                                                                                                                                          
Total Company                                                             5                                                 1                                                 (2 )                                                           1                                                    5
 
 
Three Months Ended December 31, 2016 Compared to Three Months
Ended December 31, 2015
 
                                  Volume      Price       Currency             Other                 Total
                                                                        ------                                           -----                                           --------------                                           --------------                                           --------------------
                                                                                                                                                                                    (In percentages)
Advanced Engineered Materials                                               20                                             (2)                                                      (1)                                           --                                                             17
Consumer Specialties                                                         2                                            (11)                                           --                                           --                                                            (9)
   Total Materials Solutions                                                12                                             (6)                                           --                                           --                                                              6
                                                                                                                                                                                                                                                                                            
Industrial Specialties                                                     (1)                                             (6)                                                      (1)                                           --                                                            (8)
Acetyl Intermediates                                                       (4)                                             (2)                                                      (2)                                                        1                                                            (7)
   Total Acetyl Chain                                                      (4)                                             (3)                                                      (2)                                                        1                                                            (8)
                                                                                                                                                                                                                                                                                            
Total Company                                                                2                                             (4)                                                      (1)                                                        1                                                            (2)
 
 
Three Months Ended September 30, 2016 Compared to Three Months
Ended September 30, 2015
 
                                    Volume         Price            Currency               Other                 Total
                                                                        ----------                                          ----------                                          --------------------                                          --------------                                           ---------------------
                                                                                                                                                                                          (In percentages)
Advanced Engineered Materials                                             16                                                  (4 )                                              --                                                --                                                   12
Consumer Specialties                                                      (2 )                                                (7 )                                              --                                                --                                                   (9 )
   Total Materials Solutions                                               8                                                  (5 )                                              --                                                --                                                    3
                                                                                                                                                                                                                                                                                                        
Industrial Specialties                                                    (1 )                                                (9 )                                                          (1 )                                              --                                                  (11 )
Acetyl Intermediates                                                      (3 )                                               (11 )                                              --                                                             1                                                  (13 )
   Total Acetyl Chain                                                     (3 )                                               (12 )                                              --                                                             2                                                  (13 )
                                                                                                                                                                                                                                                                                                        
Total Company                                                              1                                                  (9 )                                              --                                                             2                                                   (6 )
 
 
Three Months Ended June 30, 2016 Compared to Three Months Ended
June 30, 2015
 
                                         Volume              Price         Currency             Other                 Total
                                                                        --------------------                                          ----------                                          --------------                                           --------------                                           ---------------------
                                                                                                                                                                                            (In percentages)
Advanced Engineered Materials                                                        8                                                  (4 )                                                           1                                           --                                                    5
Consumer Specialties                                                                 2                                                  (8 )                                              --                                           --                                                   (6 )
   Total Materials Solutions                                                         5                                                  (5 )                                                           1                                           --                                                    1
                                                                                                                                                                                                                                                                                                             
Industrial Specialties                                                              (1 )                                                (8 )                                              --                                           --                                                   (9 )
Acetyl Intermediates                                                                (5 )                                               (13 )                                              --                                                        2                                                  (16 )
   Total Acetyl Chain                                                               (4 )                                               (12 )                                              --                                                        2                                                  (14 )
                                                                                                                                                                                                                                                                                                             
Total Company                                                           --                                                 (10 )                                              --                                                        1                                                   (9 )
 
 
Table 4b
Factors Affecting Segment Net Sales Year Over Year - Unaudited
(cont.)
 
Three Months Ended March 31, 2016 Compared to Three Months Ended
March 31, 2015
 
                                      Volume          Price       Currency             Other                 Total
                                                                        --------------                                           -----                                           --------------                                           --------------                                           --------------------
                                                                                                                                                                                        (In percentages)
Advanced Engineered Materials                                                        5                                             (2)                                                      (1)                                           --                                                              2
Consumer Specialties                                                                17                                             (9)                                           --                                           --                                                              8
   Total Materials Solutions                                                         9                                             (5)                                           --                                           --                                                              4
                                                                                                                                                                                                                                                                                                    
Industrial Specialties                                                  --                                             (9)                                                      (1)                                           --                                                           (10)
Acetyl Intermediates                                                                 6                                            (13)                                                      (2)                                                        2                                                            (7)
   Total Acetyl Chain                                                                5                                            (13)                                                      (2)                                                        1                                                            (9)
                                                                                                                                                                                                                                                                                                    
Total Company                                                                        7                                            (10)                                                      (2)                                                        1                                                            (4)
 
 
Table 4c
Factors Affecting Segment Net Sales Year Over Year - Unaudited
 
Year Ended December 31, 2016 Compared to Year Ended December 31,
2015
 
                                   Volume       Price           Currency               Other                 Total
                                                                        --------                                          --------                                          --------------------                                          --------------                                           ---------------------
                                                                                                                                                                                        (In percentages)
Advanced Engineered Materials                                            11                                                (2 )                                             --                                                --                                                    9
Consumer Specialties                                                      4                                                (8 )                                             --                                                --                                                   (4 )
   Total Materials Solutions                                              8                                                (5 )                                             --                                                --                                                    3
                                                                                                                                                                                                                                                                                                    
Industrial Specialties                                                   (1 )                                              (8 )                                                         (1 )                                              --                                                  (10 )
Acetyl Intermediates                                                     (2 )                                             (10 )                                                         (1 )                                                           2                                                  (11 )
   Total Acetyl Chain                                                    (2 )                                             (10 )                                                         (1 )                                                           2                                                  (11 )
                                                                                                                                                                                                                                                                                                    
Total Company                                                             2                                                (8 )                                                         (1 )                                                           2                                                   (5 )
 
 
Table 5
Free Cash Flow - Reconciliation of a Non-GAAP Measure - Unaudited
 
                                                                    Q3 ’17                        Q2 ’17                        Q1 ’17                         2016                Q4 ’16               Q3 ’16                        Q2 ’16                             Q1 ’16
                                                                                                --------------------------                                          --------------------------                                          --------------------------                                          --------------------------                                          ---------                                          -------------------------                                          --------------------------                                          ------------------------------------
                                                                                                                                                                                                                                                                                                                                     (In $ millions)
Net cash provided by (used in) investing activities                                              (68 )                                                              (325 )                                                               (64 )                                                              (439 )                                                              (247 )                                             (54 )                                                               (63 )                                                                         (75 )
Net cash provided by (used in) financing activities                                             (247 )                                                                21                                                                (270 )                                                              (759 )                                                              (292 )                                             265                                                                (259 )                                                                        (473 )
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
Net cash provided by (used in) operating activities                                              255                                                                 298                                                                 192                                                                 893                                                                 (47 )                                             304                                                                 349                                                                           287
Capital expenditures on property, plant and equipment                                            (64 )                                                               (54 )                                                               (62 )                                                              (246 )                                                               (60 )                                             (58 )                                                               (58 )                                                                         (70 )
Capital (distributions to) contributions from NCI                                                (10 )                                                                (4 )                                                                (4 )                                                               (24 )                                                                (9 )                                              (9 )                                                                (6 )                                                              --  
                                                                                                ---- --------------------                                           ---- --------------------                                           ---- --------------------                                           ---- --------------------                                           ---- ---                                           --- --------------------                                           ---- --------------------                                           -------------- --------------------
   Free cash flow(1)(2)                                                                          181                                              240                                              126                                              623                                             (116 )                                             237                                              285                                                        217  
                                                                                                ==== ====================                                           ==== ====================                                           ==== ====================                                           ==== ====================                                           ==== ===                                           === ====================                                           ==== ====================                                           ============== ====================
______________________________
(1)          Free cash flow is a liquidity measure used by the Company and is
                                defined by the Company as net cash provided by (used in) operating
                                activities, less capital expenditures on property, plant and
                                equipment, and adjusted for capital contributions from or
                                distributions to Mitsui & Co., Ltd. ("Mitsui") related to our
                                joint venture, Fairway Methanol LLC ("Fairway").
(2)                             Excludes required debt service and capital lease payments of $27
                                million and $56 million for the years ending December 31, 2017 and
                                2016, respectively.
 
 
Table 6
Cash Dividends Received - Unaudited
 
                                             Q3 ’17     Q2 ’17     Q1 ’17     2016     Q4 ’16     Q3 ’16     Q2 ’16     Q1 ’16
                                                                                   ------                                           ------                                           ------                                           ----                                           ------                                           ------                                           ------                                           ------
                                                                                                                                                                                                                                                          (In $ millions)
Dividends from equity method investments                                                5                                               59                                               50                                            131                                               15                                                6                                               73                                               37
Dividends from cost method investments                                                 24                                               29                                               29                                            108                                               26                                               26                                               29                                               27
                                                                                   ------                                           ------                                           ------                                           ----                                           ------                                           ------                                           ------                                           ------
   Total                                                                               29                                               88                                               79                                            239                                               41                                               32                                              102                                               64
                                                                                   ======                                           ======                                           ======                                           ====                                           ======                                           ======                                           ======                                           ======
 
 
Table 7
Net Debt - Reconciliation of a Non-GAAP Measure - Unaudited
 
                                                                                 Q3 ’17                         Q2 ’17                         Q1 ’17                          2016                          Q4 ’16                          Q3 ’16                         Q2 ’16                         Q1 ’16
                                                                                                             ---------------------------                                          ---------------------------                                          ---------------------------                                          ---------------------------                                          ---------------------------                                          ----------------------------                                          ---------------------------                                          ---------------------------
                                                                                                                                                                                                                                                                                                                                                  (In $ millions)
Short-term borrowings and current installments of long-term debt -                                             435                                                                  384                                                                  107                                                                  118                                                                  118                                                                    92                                                                  119                                                                  116
third party and affiliates
Long-term debt, net of unamortized deferred financing costs                                                  2,954                                             2,931                                             2,851                                             2,890                                             2,890                                              2,923                                             2,464                                             2,487  
                                                                                                             ----- --------------------                                           ----- --------------------                                           ----- --------------------                                           ----- --------------------                                           ----- --------------------                                           ------ --------------------                                           ----- --------------------                                           ----- --------------------
   Total debt                                                                                                3,389                                                                3,315                                                                2,958                                                                3,008                                                                3,008                                                                 3,015                                                                2,583                                                                2,603
Cash and cash equivalents                                                                                     (461 )                                                               (511 )                                                               (501 )                                                               (638 )                                                               (638 )                                                              (1,252 )                                                               (735 )                                                               (716 )
                                                                                                             ----- --------------------                                           ----- --------------------                                           ----- --------------------                                           ----- --------------------                                           ----- --------------------                                           ------ --------------------                                           ----- --------------------                                           ----- --------------------
      Net debt                                                                                               2,928                                             2,804                                             2,457                                             2,370                                             2,370                                              1,763                                             1,848                                             1,887  
                                                                                                             ===== ====================                                           ===== ====================                                           ===== ====================                                           ===== ====================                                           ===== ====================                                           ====== ====================                                           ===== ====================                                           ===== ====================
 
 
Table 8
Certain Items - Unaudited
 
The following Certain Items attributable to Celanese Corporation
are included in Net earnings (loss) and are adjustments to
non-GAAP measures:
 
                                                                  Q3 ’17                        Q2 ’17                                  Q1 ’17                                   2016                                   Q4 ’16                                  Q3 ’16                       Q2 ’16             Q1 ’16                         Income Statement Classification
                                                                                                    --------------                                           ------------------------------------                                          ------------------------------------                                          ------------------------------------                                          ------------------------------------                                          ------------------------------------                                          --------------                                           --------------                                           -------------------------------------------------------------
                                                                                                                                                                                                                                                                                                                                         (In $ millions)
Employee termination benefits(1)                                                                    --                                                        2                                                                             2                                                                            11                                                                --                                                                             3                                                                             3                                                        5                                           Other charges (gains), net
Plant/office closures                                                                                            2                                                       (3 )                                                                          57                                                                             4                                                                             1                                                                             2                                                                --                                                        1                                           Cost of sales / SG&A / R&D / Other charges (gains), net
Business optimization                                                                                            4                                           --                                                                --                                                                             7                                                                             3                                                                             1                                                                             1                                                        2                                           Cost of sales / SG&A
Asset impairments                                                                                   --                                           --                                                                --                                                                             2                                                                             1                                                                --                                                                             1                                           --                                           Other charges (gains), net
(Gain) loss on disposition of business and assets, net                                              --                                                        2                                                                --                                                                            (4 )                                                                          (2 )                                                                          (2 )                                                              --                                           --                                           (Gain) loss on disposition, net
Commercial disputes                                                                                 --                                           --                                                                --                                                                            (2 )                                                                          (2 )                                                              --                                                                --                                           --                                           Other charges (gains), net
Write-off of other productive assets                                                                --                                           --                                                                --                                                                             4                                                                             1                                                                             1                                                                             2                                           --                                           Cost of sales / R&D
Employee benefit plan changes                                                                       --                                                        1                                                                --                                                                             1                                                                --                                                                --                                                                             1                                           --                                           Cost of sales / SG&A / R&D
Actuarial (gain) loss on pension and postretirement plans                                           --                                           --                                                                --                                                                           102                                                                           102                                                                --                                                                --                                           --                                           Cost of sales / SG&A / R&D
Start-up costs                                                                                      --                                           --                                                                --                                                                             2                                                                --                                                                             1                                                                             1                                           --                                           Cost of sales
Mergers and acquisitions                                                                                        10                                                        7                                                                             9                                                                             3                                                                             2                                                                             1                                                                --                                           --                                           Cost of sales / SG&A
InfraServ ownership change                                                                          --                                                        8                                                                --                                                                --                                                                --                                                                --                                                                --                                           --                                           Other charges (gains), net / Equity in net earnings (loss) of
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     affiliates
Impact from natural disasters(2)                                                                                11                                           --                                             --                                                                --                                                                --                                                                --                                                                --                                           --                                           Cost of sales
Other                                                                                               --                                                        1                                                         (3 )                                                              --                                             --                                             --                                             --                                           --                                           Equity in net earnings (loss) of affiliates
                                                                                                    --------------                                           -------------- --------------------                                           -------------- --------------------                                           -------------- --------------------                                           -------------- --------------------                                           -------------- --------------------                                           --------------                                           --------------
   Certain Items attributable to Celanese Corporation                                                           27                                                       18                                                         65                                                        130                                                        106                                                          7                                                          9                                                        8
                                                                                                    ==============                                           ============== ====================                                           ============== ====================                                           ============== ====================                                           ============== ====================                                           ============== ====================                                           ==============                                           ==============
______________________________
    (1)      Primarily associated with site shutdown costs.
    (2)                         Primarily associated with Hurricane Harvey.
 
 
Table 9
Return on Invested Capital (Adjusted) - Presentation of a
Non-GAAP Measure - Unaudited
 
                                                                                                         2016
                                                                                                                                                                                                             --------------------------------
                                                                                                                                                                                                                      (In $ millions,
                                                                                                                                                                                                                    except percentages)
Net earnings (loss) attributable to Celanese Corporation                                                                                                                                                            900
                                                                                                                                                                                                              
Adjusted EBIT (Table 1)                                                                                                                                                                                           1,278
 
Adjusted effective tax rate (Table 3a)                                                                                                                                                                               17 %
                                                                                                                                                                                                             ---------- --------------------
   Adjusted EBIT tax effected                                                                                                                                                                                     1,061
                                                                                                                                                                                                              
                                                                                                              2016                                            2015                                                        Average
                                                                                                             -----                                           -----                                           --------------------------------
                                                                                                                                                            (In $ millions, except percentages)
Short-term borrowings and current installments of long-term debt -                                             118                                             513                                                  316
third parties and affiliates
Long-term debt, net of unamortized deferred financing costs                                                  2,890                                           2,468                                                2,679
Celanese Corporation stockholders’ equity                                                                    2,588                                           2,378                                                2,483  
                                                                                                                                                                                                             ---------- --------------------
   Invested capital                                                                                                                                                                                               5,478  
                                                                                                                                                                                                             ---------- --------------------
                                                                                                                                                                                                              
Return on invested capital (adjusted)                                                                                                                                                                              19.4 %
                                                                                                                                                                                                             ========== ====================
                                                                                                                                                                                                              
Net earnings (loss) attributable to Celanese Corporation as a                                                                                                                                                      16.4 %
percentage of invested capital
                                                                                                                                                                                                             ========== ====================

http://cts.businesswire.com/ct/CT?id=bwnews&sty=20171016006196r1&sid=cmtx6&distro=nx&

View source version on businesswire.com: http://www.businesswire.com/news/home/20171016006196/en/

SOURCE: Celanese Corporation

Celanese Corporation 
Investor Relations 
Surabhi Varshney, +1-972-443-3078 
Surabhi.Varshney@celanese.com 
or 
Media - U.S. 
Travis Jacobsen, +1-972-443-3750 
William.Jacobsen@celanese.com 
or 
Media - Europe 
Jens Kurth, +49(0)69 45009 1574 
Jens.Kurth@celanese.com


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