Celanese CorpCE

Celanese Corp Leases Disclosure

10-KFiled Feb 24, 20262 min read
Leases
The components of lease cost are as follows:
Year Ended December 31,Statement of Operations Classification
202520242023
(In $ millions)
Operating lease cost94 99 99 Cost of sales / Selling, general and administrative expenses
Short-term lease cost13 18 19 Cost of sales / Selling, general and administrative expenses
Variable lease cost17 17 13 Cost of sales / Selling, general and administrative expenses
Finance lease cost
Amortization of leased assets18 20 21 Cost of sales
Interest on lease liabilities7 8 10 Interest expense
Total
149 162 162 
Balances related to leases are as follows:
As of December 31,Balance Sheet Classification
20252024
(In $ millions)
Lease Assets
Operating lease assets359 388 Operating lease ROU assets
Finance lease assets106 119 Property, plant and equipment, net
Total
465 507 
Lease Liabilities
Current
Operating71 79 Current Other liabilities
Finance23 23 Short-term borrowings and current installments of long-term debt
Noncurrent
Operating265 294 Operating lease liabilities
Finance106 122 Long-term debt
Total
465 518 
As of December 31,
20252024
Weighted-Average Remaining Lease Term (years)
Operating leases8.58.4
Finance leases7.27.7
Weighted-Average Discount Rate
Operating leases3.3 %3.3 %
Finance leases5.3 %5.6 %
Cash flow information related to leases is as follows:
Year Ended December 31,
202520242023
(In $ millions)
Operating cash flows from operating leases88 90 92 
Operating cash flows from finance leases7 8 10 
Financing cash flows from finance leases23 24 24 
ROU assets obtained in exchange for finance lease liabilities
2 27 2 
ROU assets obtained in exchange for operating lease liabilities51 70 58 
Maturities of lease liabilities are as follows:
As of December 31, 2025
Operating LeasesFinance Leases
(In $ millions)
202677 28 
202761 25 
202850 22 
202944 20 
203037 17 
Later years113 60 
Total lease payments382 172 
Less amounts representing interest(46)(43)
Total
336 129 
As of December 31, 2025, the Company has two operating lease commitments of $66 million contracted to begin in 2026 each with a lease term of 10 years.

Historical Timeline

Fiscal YearFiled
2025Feb 24, 2026Showing above
2024Feb 21, 2025
2023Feb 23, 2024
2022Feb 24, 2023
2021Feb 10, 2022
2020Feb 11, 2021
2018Feb 7, 2019
2017Feb 9, 2018
2016Feb 10, 2017
2015Feb 5, 2016

About Leases Disclosures

Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.

Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.

Other Available Disclosures

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