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v3.25.2

Debt (Tables) | 6 Months Ended
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Jun. 30, 2025
Debt Disclosure [Abstract] |
Schedule of Short-term Debt |
| As of June 30, 2025 |  | As of December 31, 2024
| (In $ millions)
Short-Term Borrowings and Current Installments of Long-Term Debt - Third Party and Affiliates |  |  |
Current installments of long-term debt | 105 |  |  | 1,393 |
Short-term borrowings, including amounts due to affiliates(1) | 56 |  |  | 53 |
Revolving credit facilities(2) | 91 |  |  | 55 |
Total | 252 |  |  | 1,501 |
______________________________ (1)The weighted average interest rate was 2.1% and 2.1% as of June 30, 2025 and December 31, 2024, respectively. (2)The weighted average interest rate was 2.7% and 3.1% as of June 30, 2025 and December 31, 2024, respectively.
Schedule of Long-term Debt |
| As of June 30, 2025 |  | As of December 31, 2024
| (In $ millions)
Long-Term Debt |  |  |
Senior unsecured notes due 2025, interest rate of 1.250% | — |  |  | 311 |
Senior unsecured notes due 2025, interest rate of 6.050% | — |  |  | 1,000 |
Senior unsecured notes due 2026, interest rate of 1.400% | 400 |  |  | 400 |
Senior unsecured notes due 2026, interest rate of 4.777% | 526 |  |  | 1,040 |
Senior unsecured notes due 2027, interest rate of 2.125% | 585 |  |  | 518 |
Senior unsecured notes due 2027, interest rate of 6.415%(1) | 1,500 |  |  | 2,000 |
Senior unsecured term loan due 2027(2) | 480 |  |  | 880 |
Senior unsecured notes due 2028, interest rate of 0.625% | 585 |  |  | 519 |
Senior unsecured notes due 2028, interest rate of 6.850%(1) | 1,000 |  |  | 1,000 |
Senior unsecured notes due 2029, interest rate of 5.587%(1) | 586 |  |  | 519 |
Senior unsecured notes due 2029, interest rate of 6.580%(1) | 750 |  |  | 750 |
Senior unsecured notes due 2030, interest rate of 6.500% | 700 |  |  | — |
Senior unsecured notes due 2030, interest rate of 7.050%(1) | 999 |  |  | 999 |
Senior unsecured notes due 2031, interest rate of 5.000% | 879 |  |  | — |
Senior unsecured notes due 2032, interest rate of 6.629%(1) | 1,000 |  |  | 1,000 |
Senior unsecured notes due 2033, interest rate of 7.200%(1) | 1,000 |  |  | 1,000 |
Senior unsecured notes due 2033, interest rate of 6.750% | 1,100 |  |  | — |
Pollution control and industrial revenue bonds due at various dates through 2030(3) | 125 |  |  | 126 |
Bank loans due at various dates through 2030(4) | 524 |  |  | 320 |
Obligations under finance leases due at various dates through 2054 | 137 |  |  | 145 |
Subtotal | 12,876 |  |  | 12,527 |
Unamortized deferred financing costs(5) | (82) |  |  | (56) |
Current installments of long-term debt | (105) |  |  | (1,393) |
Total | 12,689 |  |  | 11,078 |
______________________________ (1)In November 2024, S&P Global Ratings downgraded the Company's credit rating to BB+ and on February 12, 2025, Moody's Ratings downgraded the Company's credit ratings to Ba1, which together had the effect of increasing the interest rates by up to 50 basis points on certain senior unsecured notes, effective beginning at various dates through January 19, 2026. (2)The interest rate was 6.162% and 6.047% as of June 30, 2025 and December 31, 2024, respectively. (3)Interest rates range from 4.1% to 5.0%. (4)The weighted average interest rate was 2.7% and 2.8% as of June 30, 2025 and December 31, 2024, respectively. (5)Related to the Company's long-term debt, excluding obligations under finance leases.
Schedule of Balances Available for Borrowing | The Company's debt balances and amounts available for borrowing under its senior unsecured revolving credit facilities are as follows:
| As of June 30, 2025 |
| (In $ millions) |
U.S. Revolving Credit Facility |  |
Borrowings outstanding | — |  |
Available for borrowing | 1,750 |  |
China Revolving Credit Facilities |  |
Borrowings outstanding | 91 |  |
Available for borrowing | 70 |  |
Schedule of Senior Unsecured Notes Offering | On March 14, 2025, Celanese U.S. completed a public offering registered under the Securities Act of senior unsecured notes as follows (collectively, the "2025 Offering"):
Maturity Date |  | Aggregate Principal Amount Issued |  | Offering Price |  | Interest Rate |
|  | (In $/€ millions) |  |  |  |  |
April 15, 2030 |  | $ | 700 |  |  | 100.000% |  | 6.500% |
April 15, 2031 |  | € | 750 |  |  | 100.000% |  | 5.000% |
April 15, 2033 |  | $ | 1,100 |  |  | 100.000% |  | 6.750% |
Schedule of Cash Tender Offer | On March 21, 2025, Celanese U.S. completed cash tender offers for €552 million and $500 million in aggregate principal amounts (the "Tender Offers") as follows:
Maturity Date |  | Aggregate Principal Amount Tendered |  | Purchase price per $/€1,000 principal amount |  | Total Tender Offer Consideration |  |
|  | (In $/€ millions) |  |  |  | (In $/€ millions)
July 19, 2026 |  | € | 552 |  |  | € | 1,026.68 |  |  | € | 567 |  |  |
July 15, 2027 |  | $ | 500 |  |  | $ | 1,031.10 |  |  | $ | 516 |  |  |

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