Celanese CorpCE
Celanese Corp Segments Disclosure
Segment Information
Business Segments
The Company operates through business segments according to the nature and economic characteristics of its products and customer relationships, as well as the manner in which the information is used internally by the Company's chief operating decision maker ("CODM"), who is the Company's President and Chief Executive Officer.
The Company's CODM regularly reviews the Operating profit of each reportable segment to assess financial results and allocate resources. Operating profit is assessed against forecast and prior periods to evaluate and assess segment results. Operating profit is also reported on the consolidated statement of operations. The Company has disclosed for each reportable segment the significant expense categories that are reviewed by the CODM in the tables below.
The Company's business segments are as follows:
•Engineered Materials
The Company's Engineered Materials segment includes the engineered materials business and certain strategic affiliates. The engineered materials business develops, produces and supplies a broad portfolio of high performance specialty polymers for automotive and medical applications, as well as industrial products and consumer electronics. Together with its strategic affiliates, the Company's engineered materials business participates in the global specialty polymers industry. The primary products of Engineered Materials are used in a broad range of end-use products including fuel system components, automotive safety systems, medical applications, consumer electronics, appliances, industrial products, battery separators, filtration equipment, coatings, and electrical applications and products.
•Acetyl Chain
The Company's Acetyl Chain segment includes the integrated chain of acetic acid, vinyl acetate monomer ("VAM"), acetic anhydride, acetate esters, emulsion polymers, ethylene vinyl acetate ("EVA") polymers, redispersible powders ("RDP"), and acetate tow businesses. The Company's acetyl chain business produces and supplies acetyl products, including acetic acid, VAM, acetic anhydride and acetate esters. These products are generally used as starting materials for colorants, paints, adhesives, coatings and pharmaceuticals. It also produces organic solvents and intermediates for pharmaceutical, agricultural
and chemical products. The Company's emulsion polymers business is a leading global producer of vinyl acetate-based emulsions and develops products and application technologies to improve performance, create value and drive innovation in applications such as paints and coatings, adhesives, construction, glass fiber, textiles and paper. The Company's EVA polymers business is a leading North American manufacturer of a full range of specialty EVA resins and compounds, as well as select grades of low-density polyethylene. The Company's EVA polymers products are used in many applications, including flexible packaging films, lamination film products, hot melt adhesives, automotive parts and carpeting. The Company's RDP business is a leading global producer of redispersible polymer powders. The Company's RDP products are used in a variety of applications in the mortar industry, including decorative mortar, exterior insulation and finish systems, gypsum-based materials, plaster and render, self-leveling floor systems, skim coat and tile adhesives. The Company's acetate tow business is a leading global producer and supplier of acetate tow and acetate flake, primarily used in filter products applications.
•Other Activities
Other Activities primarily consists of corporate center costs, including administrative activities such as finance, taxes, information technology and human resource functions, interest income and expense associated with financing activities and results of the Company's captive insurance companies. Other Activities also includes the components of net periodic benefit cost (interest cost, expected return on assets and net actuarial gains and losses) for the Company's defined benefit pension plans and other postretirement plans not allocated to the Company's business segments.
The business segment management reporting and controlling systems are based on the same accounting policies as those described in the summary of significant accounting policies (Note 2).
Sales transactions between business segments are generally recorded at cost plus a mark-up.
| Engineered Materials | Acetyl Chain | Other Activities | Eliminations | Consolidated | ||||||||||||||||||||||||||||
| (In $ millions) | ||||||||||||||||||||||||||||||||
| Year Ended December 31, 2025 | ||||||||||||||||||||||||||||||||
| Net sales | 5,390 | 4,232 | (1) | — | (78) | 9,544 | ||||||||||||||||||||||||||
| Cost of sales | (4,147) | (3,525) | 2 | 78 | (7,592) | |||||||||||||||||||||||||||
| Gross profit | 1,243 | 707 | 2 | — | 1,952 | |||||||||||||||||||||||||||
| Selling, general and administrative expenses | (401) | (111) | (387) | — | (899) | |||||||||||||||||||||||||||
| Amortization of intangible assets | (162) | (2) | — | — | (164) | |||||||||||||||||||||||||||
| Research and development expenses | (85) | (40) | — | — | (125) | |||||||||||||||||||||||||||
| (1,552) | (11) | (18) | — | (1,581) | ||||||||||||||||||||||||||||
| Gain (loss) on disposition of business and assets, net | (1) | (4) | — | — | (5) | |||||||||||||||||||||||||||
Other segment items(2) | — | — | 36 | — | 36 | |||||||||||||||||||||||||||
| Operating profit (loss) | (958) | 539 | (367) | — | (786) | |||||||||||||||||||||||||||
Depreciation and amortization | 447 | 263 | 50 | — | 760 | |||||||||||||||||||||||||||
Equity in net earnings (loss) of affiliates | 105 | 10 | 12 | — | 127 | |||||||||||||||||||||||||||
| Capital expenditures | 167 | 135 | 24 | — | 326 | (3) | ||||||||||||||||||||||||||
| As of December 31, 2025 | ||||||||||||||||||||||||||||||||
| Goodwill and intangible assets, net | 6,917 | 438 | — | — | 7,355 | |||||||||||||||||||||||||||
| Total assets | 13,971 | 5,302 | 2,422 | — | 21,695 | |||||||||||||||||||||||||||
| Engineered Materials | Acetyl Chain | Other Activities | Eliminations | Consolidated | ||||||||||||||||||||||||||||
| (In $ millions) | ||||||||||||||||||||||||||||||||
| Year Ended December 31, 2024 | ||||||||||||||||||||||||||||||||
| Net sales | 5,595 | 4,763 | (1) | — | (90) | 10,268 | ||||||||||||||||||||||||||
| Cost of sales | (4,376) | (3,650) | 4 | 90 | (7,932) | |||||||||||||||||||||||||||
| Gross profit | 1,219 | 1,113 | 4 | — | 2,336 | |||||||||||||||||||||||||||
| Selling, general and administrative expenses | (435) | (121) | (477) | — | (1,033) | |||||||||||||||||||||||||||
| Amortization of intangible assets | (157) | (2) | — | — | (159) | |||||||||||||||||||||||||||
| Research and development expenses | (90) | (40) | — | — | (130) | |||||||||||||||||||||||||||
| (1,724) | — | (20) | — | (1,744) | ||||||||||||||||||||||||||||
| Gain (loss) on disposition of business and assets, net | (10) | (4) | — | — | (14) | |||||||||||||||||||||||||||
Other segment items(2) | — | — | 24 | — | 24 | |||||||||||||||||||||||||||
| Operating profit (loss) | (1,197) | 946 | (469) | — | (720) | |||||||||||||||||||||||||||
Depreciation and amortization | 510 | 244 | 47 | — | 801 | |||||||||||||||||||||||||||
Equity in net earnings (loss) of affiliates | 172 | 10 | 14 | — | 196 | |||||||||||||||||||||||||||
| Capital expenditures | 211 | 151 | 52 | — | 414 | (3) | ||||||||||||||||||||||||||
| As of December 31, 2024 | ||||||||||||||||||||||||||||||||
Goodwill and intangible assets, net | 8,617 | 411 | — | — | 9,028 | |||||||||||||||||||||||||||
| Total assets | 15,485 | 5,257 | 2,096 | — | 22,838 | |||||||||||||||||||||||||||
| Year Ended December 31, 2023 | ||||||||||||||||||||||||||||||||
| Net sales | 6,135 | 4,884 | (1) | — | (93) | 10,926 | ||||||||||||||||||||||||||
| Cost of sales | (4,828) | (3,610) | 2 | 93 | (8,343) | |||||||||||||||||||||||||||
| Gross profit | 1,307 | 1,274 | 2 | — | 2,583 | |||||||||||||||||||||||||||
| Selling, general and administrative expenses | (436) | (119) | (522) | — | (1,077) | |||||||||||||||||||||||||||
| Amortization of intangible assets | (162) | (2) | — | — | (164) | |||||||||||||||||||||||||||
| Research and development expenses | (97) | (40) | (9) | — | (146) | |||||||||||||||||||||||||||
| (56) | (4) | (8) | — | (68) | ||||||||||||||||||||||||||||
| Gain (loss) on disposition of business and assets, net | 509 | (4) | — | — | 505 | |||||||||||||||||||||||||||
Other segment items(2) | — | — | 32 | — | 32 | |||||||||||||||||||||||||||
| Operating profit (loss) | 1,065 | 1,105 | (505) | — | 1,665 | |||||||||||||||||||||||||||
Depreciation and amortization | 462 | 217 | 27 | — | 706 | |||||||||||||||||||||||||||
Equity in net earnings (loss) of affiliates | 83 | 6 | 13 | — | 102 | |||||||||||||||||||||||||||
| Capital expenditures | 237 | 207 | 98 | — | 542 | (3) | ||||||||||||||||||||||||||
______________________________
(1)Includes intersegment sales of $78 million, $90 million and $93 million for the years ended December 31, 2025, 2024 and 2023, respectively.
(2)Includes Foreign exchange gain (loss), net.
(3)Includes a decrease in accrued capital expenditures of $17 million, a decrease in accrued capital expenditures of $21 million and a decrease in accrued capital expenditures of $26 million for the years ended December 31, 2025, 2024 and 2023, respectively.
Geographical Area Information
Net sales to external customers based on geographic location are as follows:
| Year Ended December 31, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| (In $ millions) | |||||||||||||||||
| Belgium | 2 | 400 | 499 | ||||||||||||||
| Brazil | 127 | 140 | 140 | ||||||||||||||
| Canada | 108 | 127 | 146 | ||||||||||||||
| Germany | 750 | 2,201 | 2,468 | ||||||||||||||
Greater China | 1,792 | 1,984 | 1,952 | ||||||||||||||
| India | 148 | 155 | 150 | ||||||||||||||
| Japan | 290 | 278 | 312 | ||||||||||||||
| Mexico | 243 | 344 | 361 | ||||||||||||||
| Singapore | 707 | 1,001 | 1,146 | ||||||||||||||
| South Korea | 127 | 140 | 154 | ||||||||||||||
| Switzerland | 2,470 | 294 | 223 | ||||||||||||||
| U.S. | 2,568 | 2,736 | 2,807 | ||||||||||||||
| Other | 212 | 468 | 568 | ||||||||||||||
| Total | 9,544 | 10,268 | 10,926 | ||||||||||||||
Property, plant and equipment, net based on the geographic location of the Company's facilities is as follows:
| As of December 31, | |||||||||||
| 2025 | 2024 | ||||||||||
| (In $ millions) | |||||||||||
| Belgium | 54 | 60 | |||||||||
| Canada | 114 | 121 | |||||||||
| Germany | 834 | 795 | |||||||||
Greater China | 672 | 659 | |||||||||
| Italy | 83 | 76 | |||||||||
| Netherlands | 57 | 49 | |||||||||
| Singapore | 70 | 81 | |||||||||
| South Korea | 28 | 70 | |||||||||
| Switzerland | 59 | 57 | |||||||||
| United Kingdom | 106 | 107 | |||||||||
| U.S. | 2,868 | 3,001 | |||||||||
| Other | 131 | 197 | |||||||||
| Total | 5,076 | 5,273 | |||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 24, 2026 | Showing above |
| 2024 | Feb 21, 2025 | |
| 2023 | Feb 23, 2024 | |
| 2022 | Feb 24, 2023 | |
| 2021 | Feb 10, 2022 | |
| 2020 | Feb 11, 2021 | |
| 2019 | Feb 6, 2020 | |
| 2018 | Feb 7, 2019 | |
| 2017 | Feb 9, 2018 | |
| 2016 | Feb 10, 2017 | |
| 2015 | Feb 5, 2016 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.