e11vk
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 11-K
ANNUAL REPORT PURSUANT TO SECTION 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
(Mark One)
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ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the fiscal year ended: December 31, 2010
OR
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TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934 |
For the transition period from ______________ to ______________
Commission File Number: 001-32410
A. Full title of the plan and the address of the plan, if different from that of the issuer named below:
Celanese Americas Retirement Savings Plan
1601 W LBJ Freeway
Dallas, TX 75234
B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
Celanese Corporation
1601 W LBJ Freeway
Dallas, TX 75234
Celanese Americas Retirement Savings Plan
CONTENTS
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3 |
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Financial Statements |
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4 |
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5 |
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6 |
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Supplemental Schedule* |
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17 |
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20 |
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* |
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Other schedules required by the Department of Labors Rules and Regulations for Reporting and Disclosure under
the Employee Retirement Income Security Act of 1974 (ERISA) have been omitted because they are not
applicable. |
2
REPORT OF INDEPENDENT REGISTERED ACCOUNTING FIRM
To the Plan Administrator and Investment Committee of the
Celanese Americas Retirement Savings Plan
We have audited the accompanying statement of net assets available for benefits of the Celanese
Americas Retirement Savings Plan as of December 31, 2010 and the related statement of changes in
net assets available for benefits for the year then ended. The financial statements of the Plan as
of and for the year ended December 31, 2009, were audited by other auditors whose report dated June
24, 2010, expressed an unqualified opinion on those financial statements. These financial
statements are the responsibility of the Plans management. Our responsibility is to express an
opinion on these financial statements based on our audit.
We conducted our audit in accordance with the standards of the Public Company Accounting Oversight
Board (United States). Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material misstatement. The
Plan is not required to have, nor were we engaged to perform, an audit of its internal control over
financial reporting. An audit includes consideration of internal control over financial reporting
as a basis for designing audit procedures that are appropriate in the circumstances, but not for
the purpose of expressing an opinion on the effectiveness of the Plans internal control over
financial reporting. Accordingly, we express no such opinion. An audit also includes examining,
on a test basis, evidence supporting the amounts and disclosures in the financial statements,
assessing the accounting principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. We believe that our audit provides a
reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material
respects, the net assets available for benefits of the Celanese Americas Retirement Savings Plan as
of December 31, 2010, and the changes in its net assets available for benefits for the year then
ended in conformity with accounting principles generally accepted in the United States of America.
Our audit was performed for the purpose of forming an opinion on the basic financial statements
taken as a whole. The supplemental schedule of Form 5500, Schedule H, Line 4i Schedule of
Assets (Held at End of Year) as of December 31, 2010, is presented for the purpose of additional analysis and is not a
required part of the basic financial statements but is supplementary information required by the
Department of Labors Rules and Regulations for Reporting and Disclosure under the Employee
Retirement Income Security Act of 1974. The supplemental schedule is the responsibility of the
Plans management. The supplemental schedule has been subjected to the auditing procedures applied
in the audit of the basic financial statements and, in our opinion, is fairly stated in all
material respects in relation to the financial statements taken as a whole.
/s/ Whitley Penn LLP
Dallas, Texas
June 28, 2011
3
Celanese Americas Retirement Savings Plan
Statements of Net Assets Available for Benefits
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As of December 31, |
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2010 |
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2009 |
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(In $ thousands) |
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Assets |
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Investments |
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At fair
value (Note 4) |
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534,997 |
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525,282 |
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Wrapper contracts |
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238 |
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303 |
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Total investments |
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535,235 |
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525,585 |
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Receivables |
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Contributions company |
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318 |
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Contributions participants |
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584 |
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Securities sold |
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102 |
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50 |
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Notes receivable from participants |
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7,569 |
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7,923 |
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Accrued interest and dividends |
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427 |
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521 |
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Total receivables |
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9,000 |
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8,494 |
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Total
assets |
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544,235 |
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534,079 |
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Liabilities |
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Administrative payables |
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212 |
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317 |
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Net assets available for benefits at fair value |
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544,023 |
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533,762 |
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Adjustment
from fair value to contract value for fully benefit-responsive investment contract (Note 4) |
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3,819 |
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11,393 |
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Net assets available for benefits |
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547,842 |
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545,155 |
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See accompanying notes to financial statements.
4
Celanese Americas Retirement Savings Plan
Statements of Changes in Net Assets Available for Benefits
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Year Ended December 31, |
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2010 |
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2009 |
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(In $ thousands) |
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Investment income |
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Net
appreciation of investments (Note 4) |
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47,702 |
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84,431 |
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Interest |
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2,589 |
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4,029 |
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Interest, notes receivable from participants |
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390 |
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555 |
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Dividends |
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1,912 |
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1,437 |
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Other |
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114 |
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114 |
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Total investment income |
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52,707 |
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90,566 |
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Contributions |
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Company, net of forfeitures |
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8,463 |
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9,160 |
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Participants |
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15,529 |
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17,255 |
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Rollovers |
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716 |
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946 |
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Total contributions |
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24,708 |
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27,361 |
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Administrative expenses |
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(1,092 |
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(1,236 |
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Withdrawals and distributions |
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(73,634 |
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(67,039 |
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Net transfers to other plans |
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(2 |
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(70 |
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Net
increase |
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2,687 |
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49,582 |
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Net assets available for benefits |
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Beginning of year |
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545,155 |
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495,573 |
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End of year |
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547,842 |
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545,155 |
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See accompanying notes to financial statements.
5
Celanese
Americas Retirement Savings Plan
Notes to Financial Statements
(1) Description of the Plan
The Celanese Americas Retirement Savings Plan (the Plan) is a participant-directed, defined
contribution plan sponsored by Celanese Americas LLC (the Company), a wholly owned subsidiary of
Celanese Corporation. The Plan covers certain employees of the Company and its participating
affiliates (Participants). The Plan is subject to the provisions of the Employee Retirement
Income Security Act of 1974, as amended (ERISA). Participants in the Plan should refer to the
Plan document for more complete details of the Plans provisions.
Under resolutions passed by the Companys Board of Managers, the Benefits Committee and Investment
Committee have been assigned responsibility for the guidance, control and administration of the
Plan assets. Each committee is a named fiduciary of the Plan in accordance with Section 402(a) of
ERISA.
The Investment Committee is also responsible for the guidance, control and administration of the
Plan assets. These responsibilities include, but are not limited to, the following:
The adoption of an investment policy statement;
The selection and monitoring of the Plans third party service providers such as
trustee/custodial bank, investment managers and consultants;
The routine review and evaluation of each of the Plans investment options relative to
investment guidelines, performance benchmarks and other relevant criteria; and
The routine review and control of Plan investment costs.
The Benefits Committee is responsible for the administration and operations of the Plan. These
responsibilities include, but are not limited to, the following:
The determination of eligibility for participation or benefits and to construe the terms
of the Plan;
To enact rules and regulations to carry out the provisions of the Plan;
The evaluation of the Plans administrative procedures; and
To decide Plan claims or appeals.
Under the authority of the Companys Board of Managers, either committee may delegate any part of
its authority to one or more individuals. The delegation or sub-delegation to other individuals
does not relieve either committee of its fiduciary responsibility with respect to the Plan. Each
committee meets at least four times a year to report on the Plans investment performance and
other matters relevant to the Plan.
The Plan uses third party providers to administer the Plan and its assets. These services include,
but are not limited to, the following:
Trustee a requirement under ERISA that Plan assets be held separate with a trustee
institution, typically a bank. The trustee has certain defined responsibilities under ERISA.
Investment management as a matter of policy, the Plan has elected to employ external
investment advisors to manage all of the Plans assets. Varying investment options with different
risk and reward characteristics are included in the Plan.
Record keeping each participant account balance must be accurately maintained.
Education and communication a program of reports and educational materials designed for
the Plan participants.
Performance measurement performance of each investment manager, including performance
versus relevant benchmarks, individual portfolio characteristics and risk analytics.
Consultants the Plan may use consultants on a full-time retainer basis or on a project
basis to provide a variety of specialized services, including, plan design, investment manager
searches and investment manager monitoring.
6
The Investment Committee, Benefits Committee or any third party providers shall discharge their
respective responsibilities with the care, skill, prudence and diligence under the circumstances
then prevailing that a prudent person acting in a like capacity and familiar with such matters
would use. These actions are to be consistent with Plan provisions and investment policies,
objectives and guidelines.
Eligibility
Employees are eligible to participate in the Plan as soon as administratively practicable
following their date of hire, taking into account the timing of the Companys payroll cycles.
Participants are automatically enrolled in the Plan at a pre-tax contribution rate of 3%, unless
they choose to opt out of the Plan or elect to contribute at a contribution percentage other than
the automatic 3%. At the time a Participant is automatically enrolled, their contributions will
be invested in the Plans default fund, a target-date retirement portfolio that is based on the
Participants date of birth and an assumed retirement age of 65.
Participant Contributions
Participants may contribute from 2% to 80% of their eligible compensation, as defined in the Plan
document and subject to certain Internal Revenue Code (IRC) limitations, through payroll
deductions. Participants may designate contributions as either before-tax, after-tax or a
combination of both. Participants before-tax contributions and Company contributions are deferred
compensation pursuant to Section 401(k) of the IRC.
Company Contributions
The Company makes a contribution equal to the amount contributed by each Participant up to 5% of
such Participants eligible compensation for Participants, as defined in the Plan document.
Vesting
All Participants contributions and income earned or losses incurred thereon are fully vested at
all times. Effective January 1, 2008, Company contributions to active Participants and income
earned or losses incurred thereon are also vested at all times. Company contributions to inactive
Participants that were not vested as of January 1, 2008 will be forfeited upon request for
distribution.
Forfeitures
Forfeitures of non-vested Company contributions are used to reduce future employer contributions
or to restore prior forfeitures under certain conditions. In 2010 and 2009, Company contributions
were reduced by $0 and $266,266 respectively, from forfeited non-vested accounts. At December 31,
2010, forfeitures of $23,282 were available for reducing future employer contributions or to
restore prior forfeitures under certain conditions.
Distributions and Withdrawals
A Participants entire vested account balance shall be payable upon termination of employment,
retirement, disability or death. Participants who suffer a financial hardship, as defined in the
Plan document, may withdraw all or part of their vested account balance before tax contributions
subject to certain provisions, as described in the Plan document. Distributions and withdrawals
under the Plan are made in cash in the form of a lump sum. Payments are made as soon as
administratively practicable within the provisions of the Plan. The Plan allows for in-service
withdrawals of vested contributions under certain circumstances, as defined in the Plan document.
Participant Accounts
Each Participants account is credited with the Participants contributions, the appropriate
amount of Company contributions and an allocation of the Plans earnings or losses and the
investment management fees in accordance
7
with the allocation provisions contained in the Plan document. The benefit to which a Participant is entitled is the benefit that can be provided from
the Participants vested account balance.
Notes Receivable from Participants
Active Participants with a vested account balance of at least $2,000, may borrow up to the lesser
of 50% of the vested account balance or $50,000 less the highest outstanding loan balance in the
previous 12 months. The minimum loan available is $1,000 and shall not exceed $50,000. Loans are
generally for periods of up to five years with the exception of the purchase of a primary
residence in which case the loan can be for a period up to fifteen years. Loans are repaid in
bi-weekly installments and include interest charges. The interest rate on new loans, fixed on the
first business day of the month, is based on the Prime Lending Rate (per the Wall Street Journal)
plus 1%. The range of interest rates for outstanding Participant loans as of December 31, 2010 was
4.25% to 11.5% with maturities ranging from 2011 to 2025.
Each loan is adequately secured through the balance in the Participants plan account. If a
Participant defaults on his or her loan by failing to make timely repayments, the outstanding
principal and interest due on the loan is treated as a deemed distribution and reported as a
taxable distribution to the Participant in the year of default. If the Participant has an
outstanding loan and takes a distribution of his or her plan benefit, the outstanding principal
and interest due on the loan is included in the amount distributed to the Participant.
Investments
Plan Participants may direct the investment of their account in 1% increments among any of the
following 20 investment options:
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Investment Option |
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Investment Manager |
2000 Retirement Portfolio
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Alliance Bernstein |
2005 Retirement Portfolio
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Alliance Bernstein |
2010 Retirement Portfolio
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Alliance Bernstein |
2015 Retirement Portfolio
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Alliance Bernstein |
2020 Retirement Portfolio
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Alliance Bernstein |
2025 Retirement Portfolio
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Alliance Bernstein |
2030 Retirement Portfolio
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Alliance Bernstein |
2035 Retirement Portfolio
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Alliance Bernstein |
2040 Retirement Portfolio
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Alliance Bernstein |
2045 Retirement Portfolio
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Alliance Bernstein |
2050 Retirement Portfolio
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Alliance Bernstein |
Core Bond Fund
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Pacific Investment Management Co. |
Government Securities Fund
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Hoisington Investment Management Co. |
S&P 500 Index Fund
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Blackrock |
Large-Cap Value Fund
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Alliance Bernstein Investment Management |
Large-Cap Growth Fund
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Marsico Capital Management |
International Stock Fund
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Capital Guardian Trust Company |
Small-Cap Core Fund
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Blackrock |
Stable Value Fund
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JP Morgan Asset Management |
Celanese Stock Fund
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State Street Global Advisors |
A Participant may transfer all or a portion of his or her interest, in 1% increments, from
one investment fund to another, subject to trading restrictions. Each of the Plans investment
options is managed for the Plan by independent investment managers who employ a specific set of
investment criteria endorsed and monitored by the Investment Committee.
8
The Celanese Stock Fund is a stock bonus plan (as defined by U.S. Treasury Regulation §1.401-1
(b)(i)(iii)) with a primary investment in common shares of Celanese Corporation. Participant
holdings of Celanese Corporation common shares are limited to 20% of the Participants total
account balance under the Plan. There is a 30-day restriction on reentry into the Celanese Stock
Fund after a sale of stock. State Street Global Advisors was named as the fiduciary of the
Celanese Stock Fund. The Trustee shall vote shares of Celanese Corporation stock in accordance
with the instructions of the Participants in whose accounts the shares are held. During 2010, the
Trustee purchased 49,790 shares of Celanese Corporation stock for the fund at an average price of
$30.80 per share and sold 168,077 shares of Celanese Corporation stock for the fund at an average
price $33.55 per share. During 2009, the Trustee purchased 103,540 shares of Celanese Corporation
stock for the fund at an average price of $13.14 per share and sold 280,861 shares of Celanese
Corporation stock for the fund at an average price $23.57 per share.
The Plan invests in fully benefit-responsive investment contracts held in the Stable Value Fund,
which are reported in the Statement of Changes in Net Assets Available for Benefits at contract
value. The Statement of Net Assets Available for Benefits presents fair value of the investment
contracts as well as the adjustment of the fully benefit-responsive investment contracts from
fair value to contract value.
The Stable Value Fund permits all Participant initiated transactions as allowed by the Plan to
occur at contract value. Events that would limit the Plans ability to execute transactions at
contract value are improbable, except for termination of the Plan by the Company;
Company-initiated withdrawals may be subject to a market adjustment.
The average yield of the investment contracts was 3.14% and 4.19% for the years ended December
31, 2010 and 2009, respectively. The stabilized interest rate (Crediting Rate) on investment
contracts was 1.25% and 1.52% as of December 31, 2010 and 2009, respectively. The Crediting Rates
are provided to Participants in the fund on a designated pool of investments held by the fund,
through contracts generally referred to as a wrapper. The contracts provide assurance that the
adjustments to the interest Crediting Rate will not result in a future interest Crediting Rate
that is less than zero.
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(2) |
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Recent Accounting Pronouncements |
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In January 2010, the Financial Accounting Standards Board (FASB) issued Accounting Standards
Update (ASU) 2010-6, Improving Disclosures about Fair Value Measurements, which requires
additional disclosures on transfers in and out of Level 1 and Level 2 and on activity for Level
3 fair value measurements. The new disclosures and clarifications of existing disclosures are
effective for interim and annual reporting periods beginning after December 15, 2009, and were
adopted by the Plan in the year ended December 31, 2010. The adoption of this part of the
update did not have a material impact on the Plans financial statements. The disclosures about
purchases, sales, issuances, and settlements in the roll forward of activity in Level 3 fair
value measurements are effective for fiscal years beginning after December 15, 2010, and for
interim periods within those fiscal years and will be adopted by the Plan in the year ending
December 31, 2011. The adoption of this part of the update is not anticipated to have a
material impact on the Plans financial statements. |
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The FASB issued ASU 2010-25, Plan Accounting Defined Contribution Pension Plans, Accounting
Standards Codification (ASC) 962: Reporting Loans to Participants by Defined Contribution
Pension Plan, in September 2010. ASU 2010-25 requires participant loans to be measured at their
unpaid principal balance plus any accrued and unpaid interest and to be classified as notes
receivable from participants. Previously, loans were measured at fair value and classified as
investments. This standard is effective for financial statements issued for fiscal years ending
after December 15, 2010, and was adopted by the Plan in the year ended December 31, 2010. The
adoption of this update did not have a material impact on the Plans financial statements. |
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(3) |
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Summary of Significant Accounting Policies |
The accompanying financial statements have been prepared in accordance with the accounting
principles generally accepted in the United States of America (US GAAP) for all periods
presented.
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Valuation of Investments and Income Recognition |
The Plans investments are stated at fair value. All purchases and sales of securities are
recorded on a trade-date basis. Interest income is recorded when earned. Dividends are recorded on
the ex-dividend date. Net appreciation (depreciation) in fair value of investments includes
realized gains and losses on investments sold during the year as well as net appreciation
(depreciation) of the investments held at the end of the year.
The assets of the Plan consist primarily of investments held at fair value. These investments
are subject to market risks and are influenced by such factors as investment objectives, interest
rates, stock market performance, economic conditions and world affairs. Due to the level of risk
associated with certain investments, it is
9
reasonably possible that changes in the values of investments will occur in the near term and
that such changes could materially affect Participant account balances and the amounts reported in
the financial statements.
Use of Estimates
The preparation of financial statements in accordance with US GAAP requires management to make
estimates and assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the financial statements and the
reported amounts of additions and deductions during the reporting period. Actual results could
differ from those estimates.
Payment of Benefits
Benefits are recorded when paid.
Reclassifications
Certain prior period amounts have been reclassified to conform to the current year presentation.
(4) Investments
The
Plans investments, including investments bought and sold and held during the years,
appreciated (depreciated) in value as follows:
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For the Years Ended |
|
|
December 31, |
|
|
2010 |
|
2009 |
|
|
(In $ thousands) |
Quoted market price |
|
|
|
|
|
|
|
|
Fixed income |
|
|
466 |
|
|
|
(6,640 |
) |
Equities excluding Celanese Corporation |
|
|
2,680 |
|
|
|
5,256 |
|
Equities Celanese Corporation |
|
|
6,882 |
|
|
|
16,651 |
|
Registered investment companies |
|
|
147 |
|
|
|
896 |
|
|
|
|
|
|
|
|
|
|
|
|
|
10,175 |
|
|
|
16,163 |
|
|
|
|
|
|
|
|
|
|
Investments at estimated fair value |
|
|
|
|
|
|
|
|
Common/collective trusts |
|
|
37,592 |
|
|
|
68,280 |
|
Wrapper contracts |
|
|
(65 |
) |
|
|
(12 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
47,702 |
|
|
|
84,431 |
|
|
|
|
|
|
|
|
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|
10
Investments representing 5% or more of the Plans net assets are as follows:
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|
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As of December 31 |
|
|
|
2010 |
|
|
2009 |
|
|
|
(In $ thousands) |
|
Alliance Collective Investment Trust |
|
|
31,307 |
|
|
|
29,829 |
|
BR Equity Index Fund |
|
|
43,294 |
|
|
|
40,229 |
|
Alliance Bernstein 2015 Retirement Fund |
|
|
35,109 |
|
|
|
35,481 |
|
Alliance Bernstein 2020 Retirement Fund |
|
|
39,871 |
|
|
|
37,894 |
|
Alliance Bernstein 2025 Retirement Fund |
|
|
33,440 |
|
|
|
30,419 |
|
Bank of America, contract no. 02 011 |
|
|
47,499 |
|
|
|
53,078 |
|
Natixis, contract no. 1837 01 |
|
|
47,363 |
|
|
|
53,060 |
|
State Street Bank, contract no. 102063 |
|
|
47,499 |
|
|
|
53,078 |
|
11
Investment Contracts
|
|
|
|
|
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|
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|
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|
|
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|
|
|
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|
Wrapper |
|
|
|
|
|
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Investments at |
|
|
Contracts at |
|
|
Adjustment to |
|
2010 |
|
Fair Value |
|
|
Fair Value |
|
|
Contract Value |
|
|
|
(In $ thousands) |
|
US government securities |
|
|
115 |
|
|
|
|
|
|
|
|
|
Interest-bearing cash |
|
|
678 |
|
|
|
|
|
|
|
|
|
JP Morgan Intermediate Bond Fund |
|
|
141,330 |
|
|
|
|
|
|
|
|
|
Wrapper contracts |
|
|
|
|
|
|
238 |
|
|
|
3,819 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
142,123 |
|
|
|
238 |
|
|
|
3,819 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Wrapper |
|
|
|
|
|
|
Investments at |
|
|
Contracts at |
|
|
Adjustment to |
|
2009 |
|
Fair Value |
|
|
Fair Value |
|
|
Contract Value |
|
|
|
|
|
|
|
(In $ thousands) |
|
|
|
|
|
US government securities |
|
|
506 |
|
|
|
|
|
|
|
|
|
Interest-bearing cash |
|
|
445 |
|
|
|
|
|
|
|
|
|
JP Morgan Intermediate Bond Fund |
|
|
146,568 |
|
|
|
|
|
|
|
|
|
Wrapper contracts |
|
|
|
|
|
|
303 |
|
|
|
11,393 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
147,519 |
|
|
|
303 |
|
|
|
11,393 |
|
|
|
|
|
|
|
|
|
|
|
The fair value of the wrapper is determined by calculating the present value of excess future
wrapper fees. When the replacement cost of the wrapper contracts (a re-pricing provided annually
by each issuer) is greater than the current wrapper fee, the difference is converted into the
implied additional fee payment cash flows for the duration of the holding. The present value of
that cash flow stream is calculated using a swap curve yield that is based on the duration of the
holding, and adjusted for the holdings credit quality rating. Since the replacement costs of the
wrapper contracts exceeded the actual costs as of December 31, 2010 and 2009, the fair value of
the wrapper contracts is valued at $238,406 and $303,464, respectively.
The plan adopted FASB ASC Topic 820, Fair Value Measurements and Disclosures (FASB ASC Topic 820) as of December
31, 2008. FASB ASC Topic 820 provides the framework for measuring fair value and establishes a
fair value hierarchy provides the framework for measuring fair value. FASB ASC Topic 820
establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. The
hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical
assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs (Level
3 measurement). This hierarchy requires entities to maximize the use of observable inputs and
minimize the use of unobservable inputs. If a financial instrument uses inputs that fall in
different levels of the hierarchy, the instrument will be categorized based upon the lowest level
of input that is significant to the fair value calculation. Valuations for fund investments such
as common/collective trusts and registered investment companies, which do not have readily
determinable fair values, are typically estimated using a net asset value provided by a third
party as a practical expedient.
The three levels of inputs used to measure fair value are as follows:
Level 1 unadjusted quoted prices for identical assets or liabilities in active markets
accessible by the Company
Level 2 inputs that are observable in the marketplace other than those inputs classified as
Level 1
Level 3 inputs that are unobservable in the marketplace and significant to the valuation
12
The Plans investments are measured at fair value on a recurring basis and include the following
items:
Common/Collective Trusts: Composed of various funds whose diversified portfolio is comprised of
foreign and domestic equities, fixed income securities, and short term investments. Investments
are valued at the net asset value of units held by the Plan at year-end.
Equities and Fixed Income: Includes corporate stock and government securities: Valued at the
closing price reported on the active market in which the individual securities are traded.
Automated quotes are provided by multiple pricing services and validated by the Plan custodian.
These securities are traded on exchanges as well as in the over the counter market.
Investment contracts: Calculated based on the market values of the underlying securities. The
investment contracts invest primarily in the Stable Value Fund which is valued at the net asset
value of shares held by the Plan at year-end.
Registered Investment Companies: Composed of a publicly traded investment company whose portfolio
is comprised of fixed income securities and derivative assets including futures, swaps, and
options. The investment is valued at the net asset value of units held by the Plan at year-end,
which is listed on an active exchange.
Short-term investment funds: Foreign and domestic currencies as well as short-term securities are
valued at cost plus accrued interest, which approximates fair value.
Wrapper contracts: Determined by taking the difference between the actual wrap fee of the contract
and the price at which an identical wrap contract would be priced under current market conditions.
That change in fees is applied to the year-end book value of the contract to determine the
wrapper contracts fair value.
13
The following tables set forth by level, within the fair value hierarchy, the Plans assets at
fair value:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fair Value Measurement as of |
|
|
|
|
|
|
December 31, 2010 Using |
|
|
|
|
|
|
Quoted Prices in |
|
|
|
|
|
|
|
|
|
Active Markets for |
|
|
Significant Other |
|
|
|
|
|
|
Identical Assets |
|
|
Observable Inputs |
|
|
|
|
|
|
(Level 1) |
|
|
(Level 2) |
|
|
Total |
|
Assets |
|
|
|
|
|
(In $ thousands) |
|
|
|
|
|
Investments |
|
|
|
|
|
|
|
|
|
|
|
|
Common/collective trusts US Equities |
|
|
|
|
|
|
97,277 |
|
|
|
97,277 |
|
Common/collective trusts International equities |
|
|
|
|
|
|
25,717 |
|
|
|
25,717 |
|
Common/collective trusts Target date 1 |
|
|
|
|
|
|
182,314 |
|
|
|
182,314 |
|
Equities US companies |
|
|
1,703 |
|
|
|
|
|
|
|
1,703 |
|
Equities International companies |
|
|
46,947 |
|
|
|
|
|
|
|
46,947 |
|
Fixed income Treasuries |
|
|
15,612 |
|
|
|
|
|
|
|
15,612 |
|
Investment contracts |
|
|
|
|
|
|
142,123 |
|
|
|
142,123 |
|
Registered investment companies Fixed income |
|
|
18,213 |
|
|
|
|
|
|
|
18,213 |
|
Short-term investment funds |
|
|
|
|
|
|
5,091 |
|
|
|
5,091 |
|
Wrapper contracts |
|
|
|
|
|
|
238 |
|
|
|
238 |
|
|
|
|
|
|
|
|
|
|
|
Total assets |
|
|
82,475 |
|
|
|
452,760 |
|
|
|
535,235 |
|
|
|
|
|
|
|
|
|
|
|
|
|
1 Investments allocated across 11 funds considering target retirement dates. Assets in each fund are allocated among US
equities, international equities, fixed income and real estate securities. |
|
|
|
Fair Value Measurement as of |
|
|
|
|
|
|
December 31, 2009 Using |
|
|
|
|
|
|
Quoted Prices in |
|
|
|
|
|
|
|
|
|
Active Markets for |
|
|
Significant Other |
|
|
|
|
|
|
Identical Assets |
|
|
Observable Inputs |
|
|
|
|
|
|
(Level 1) |
|
|
(Level 2) |
|
|
Total |
|
Assets |
|
|
|
|
|
(In $ thousands) |
|
|
|
|
|
Investments |
|
|
|
|
|
|
|
|
|
|
|
|
Common/collective trusts US Equities |
|
|
|
|
|
|
88,791 |
|
|
|
88,791 |
|
Common/collective trusts International equities |
|
|
|
|
|
|
26,079 |
|
|
|
26,079 |
|
Common/collective trusts Target date 2 |
|
|
|
|
|
|
177,912 |
|
|
|
177,912 |
|
Equities US companies |
|
|
40,956 |
|
|
|
|
|
|
|
40,956 |
|
Equities International companies |
|
|
3,267 |
|
|
|
|
|
|
|
3,267 |
|
Fixed income |
|
|
16,086 |
|
|
|
|
|
|
|
16,086 |
|
Investment contracts |
|
|
|
|
|
|
147,519 |
|
|
|
147,519 |
|
Registered investment companies Fixed income |
|
|
17,625 |
|
|
|
|
|
|
|
17,625 |
|
Short-term investment funds |
|
|
|
|
|
|
7,047 |
|
|
|
7,047 |
|
Wrapper contracts |
|
|
|
|
|
|
303 |
|
|
|
303 |
|
|
|
|
|
|
|
|
|
|
|
Total assets |
|
|
77,934 |
|
|
|
447,651 |
|
|
|
525,585 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2 |
|
Investments allocated across 11 funds considering target retirement dates. Assets in each fund are allocated among US
equities, international equities, fixed income and real estate securities. |
14
(5) Plan Termination
Although the Company has not expressed any intent to terminate the Plan, it may do so at any time,
subject to the provisions of ERISA. In accordance with Plan provisions, active Participants are
always 100% vested in Company contributions.
(6) Federal Income Taxes
The Internal Revenue Service has determined and informed the Company by a letter dated January 7, 2011, that the Plan
and related trust are designed in accordance with applicable sections of the IRC. Although the
Plan has been amended since receiving the determination letter, the Plan Administrator believes
that the Plan is designed and is currently being operated in compliance with the applicable
requirements of the IRC.
(7) Administrative Expenses
Administrative expenses (principally record keeping costs and legal fees) are accrued and charged
against the respective funds of the Plan. Investment management fees, taxes, brokerage
commissions, and related fees are paid from the respective funds from which they are levied,
assessed, or incurred. Certain administrative expenses of the Plan are paid by the Company.
Expenses not paid by the Company are paid by the Plan.
(8) Parties-in-Interest
Certain Plan investments are shares of common/collective trusts managed by JPMorgan/American
Century or State Street Bank & Trust Company. In addition, certain Plan investments are in
interest bearing cash accounts managed by Morgan Guaranty Trust Company of New York. JPMorgan
Retirement Plan Services is the record keeper and State Street Bank & Trust Company is the
Trustee, as defined by the Plan and, therefore, these transactions qualify as party-in-interest
transactions. These transactions are covered by an exemption from the prohibited transaction
provisions of ERISA and the IRC. The Plan also invests in the common stock of the Company as well
as makes loans to Participants, both of which qualify as parties-in-interest to the Plan and are
exempt from prohibited transaction rules.
15
(9) Reconciliation of Financial Statements to Form 5500
The following is a reconciliation of net assets available for benefits per the financial
statements at December 31, 2010 to the Form 5500:
|
|
|
|
|
|
|
|
|
|
|
2010 |
|
|
2009 |
|
|
|
Net Assets |
|
|
|
(In $ thousands) |
|
Net assets available for benefits per the financial statements |
|
|
547,842 |
|
|
|
545,155 |
|
Current year adjustment from fair value to contract value for fully benefit-responsive investment contracts |
|
|
(3,819 |
) |
|
|
(11,393 |
) |
Accrued administrative expenses |
|
|
|
|
|
|
(127 |
) |
|
|
|
|
|
|
|
Net assets available for benefits per Form 5500 |
|
|
544,023 |
|
|
|
533,635 |
|
|
|
|
|
|
|
|
The following is a reconciliation of the net increase in net assets per the financial
statements for the year ended December 31, 2010 to the Form 5500:
|
|
|
|
|
|
|
|
|
|
|
2010 |
|
|
2009 |
|
|
|
Net Increase |
|
|
|
(In $ thousands) |
|
Net increase in net assets per the financial statements |
|
|
2,687 |
|
|
|
49,582 |
|
Prior year adjustment from fair value to contract value for fully benefit-responsive investment contracts |
|
|
11,393 |
|
|
|
23,095 |
|
Current year adjustment from fair value to contract value for fully benefit-responsive investment contracts |
|
|
(3,819 |
) |
|
|
(11,393 |
) |
Change in accrued administrative expenses |
|
|
127 |
|
|
|
(79 |
) |
|
|
|
|
|
|
|
Net increase in net assets per Form 5500 |
|
|
10,388 |
|
|
|
61,205 |
|
|
|
|
|
|
|
|
(10) Subsequent Events
Subsequent events have been evaluated through the date of issuance. During this period, there have
been no material events that would require recognition in the financial statements or disclosures
to the financial statements.
16
CELANESE AMERICAS RETIREMENT SAVINGS PLAN
FORM 5500, SCHEDULE H, LINE 4i SCHEDULE OF ASSETS (HELD AT END OF YEAR)
(Plan # 001)
CELANESE AMERICAS CORPORATION EIN: 22-1862783 05MK
December 31, 2010
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(A) Fund |
|
|
(B) Identity of Issuer, Borrower, Lessor or Similar Party |
|
(C) Description of Investment |
|
|
(D) Cost |
|
|
( E) Current Value |
|
|
|
|
|
|
|
Shares/Par |
|
|
Rate of Interest |
|
|
Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
INTEREST BEARING CASH |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BGI MONEY MARKET FD FOR EBT |
|
|
11.000 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
$ |
11.00 |
|
|
|
|
|
BZW PRINCIPAL CASH |
|
|
1.140 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
1.14 |
|
|
* |
|
|
JPMCB LIQUIDITY FUND |
|
|
2,875,848.660 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
2,875,848.66 |
|
|
* |
|
|
STATE STREET BANK & TRUST CO |
|
|
2,214,611.73 |
|
|
|
1.00 |
|
|
|
12/31/2030 |
|
|
|
** |
|
|
|
2,214,611.73 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL INTEREST BEARING CASH |
|
|
5,090,472.53 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
5,090,472.53 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. GOVERNMENT SECURITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNITED STATES TREAS BDS |
|
|
8,125,000.00 |
|
|
|
4.750 |
|
|
|
2/15/2037 |
|
|
|
** |
|
|
$ |
8,731,840.00 |
|
|
|
|
|
UNITED STATES TREAS N/B |
|
|
4,500,000.00 |
|
|
|
4.250 |
|
|
|
5/15/2039 |
|
|
|
** |
|
|
|
4,433,202.00 |
|
|
|
|
|
UNITED STATES TREAS N/B |
|
|
1,060,000.00 |
|
|
|
4.375 |
|
|
|
5/15/2040 |
|
|
|
** |
|
|
|
1,065,130.40 |
|
|
|
|
|
UNITED STATES TREAS N/B |
|
|
1,500,000.00 |
|
|
|
3.875 |
|
|
|
8/15/2040 |
|
|
|
** |
|
|
|
1,381,641.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL U.S. GOVERNMENT SECURITIES |
|
|
15,185,000.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
15,611,813.40 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CORPORATE STOCKS PREFERRED |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
WELLS FARGO + CO |
|
|
3,350.000 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
$ |
91,086.50 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL CORPORATE STOCKS PREFERRED |
|
|
3,350.000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
91,086.50 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CORPORATE STOCKS COMMON |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AMAZON COM INC |
|
|
6,192.000 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
$ |
1,114,560.00 |
|
|
|
|
|
AMERICAN TOWER CORP CL A |
|
|
5,957.000 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
307,619.48 |
|
|
|
|
|
ANADARKO PETROLEUM CORP |
|
|
10,435.000 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
794,729.60 |
|
|
|
|
|
APPLE INC |
|
|
4,334.000 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
1,397,975.04 |
|
|
|
|
|
BHP BILLITON PLC ADR |
|
|
11,903.000 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
958,191.50 |
|
|
|
|
|
BAIDU INC SPON ADR |
|
|
7,719.000 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
745,115.07 |
|
|
|
|
|
BROADCOM COPR CL A |
|
|
14,305.000 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
622,982.75 |
|
|
* |
|
|
CELANESE CORP SERIES A |
|
|
572,917.000 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
23,586,992.89 |
|
|
|
|
|
CITIGROUP INC |
|
|
140,393.000 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
664,058.89 |
|
|
|
|
|
CUMMINS INC |
|
|
3,102.000 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
341,251.02 |
|
|
|
|
|
DANAHER CORP |
|
|
9,785.000 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
461,558.45 |
|
|
|
|
|
DOW CHEM CO |
|
|
35,008.000 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
1,195,173.12 |
|
|
|
|
|
EOG RESOURCES INC |
|
|
5,110.000 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
467,105.10 |
|
|
|
|
|
EATON CORP |
|
|
2,810.000 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
285,243.10 |
|
|
|
|
|
FEDEX CORP |
|
|
3,710.000 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
345,067.10 |
|
|
|
|
|
F5 NETWORKS INC |
|
|
961.000 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
125,083.76 |
|
|
|
|
|
FORD MOTOR CO |
|
|
18,769.000 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
315,131.51 |
|
|
|
|
|
FREEPORT MCMORAN COPPER |
|
|
3,067.000 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
368,316.03 |
|
|
|
|
|
GENERAL DYNAMICS CORP |
|
|
9,117.000 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
646,942.32 |
|
|
|
|
|
GOLDMAN SACHS GROUP INC |
|
|
4,428.000 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
744,612.48 |
|
|
|
|
|
HALLIBURTON CO |
|
|
5,117.000 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
208,927.11 |
|
|
|
|
|
ESTEE LAUDER COMPANIES CL A |
|
|
3,508.000 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
283,095.60 |
|
|
|
|
|
MCDONALDS CORP |
|
|
13,163.000 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
1,010,391.88 |
|
|
|
|
|
MEAD JOHNSON NUTRITION CO |
|
|
3,514.000 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
218,746.50 |
|
17
CELANESE AMERICAS RETIREMENT SAVINGS PLAN
FORM 5500, SCHEDULE H, LINE 4i SCHEDULE OF ASSETS (HELD AT END OF YEAR)
(Plan # 001)
CELANESE AMERICAS CORPORATION EIN: 22-1862783 05MK
December 31, 2010
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(A) Fund |
|
|
(B) Identity of Issuer, Borrower, Lessor or Similar Party |
|
(C) Description of Investment |
|
|
(D) Cost |
|
|
( E) Current Value |
|
|
|
|
|
|
|
Shares/Par |
|
|
Rate of Interest |
|
|
Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
MONSANTO CO |
|
|
14,599.000 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
1,016,674.36 |
|
|
|
|
|
NIKE INC CL B |
|
|
10,587.000 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
904,341.54 |
|
|
|
|
|
NORDSTROM INC |
|
|
8,004.000 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
339,209.52 |
|
|
|
|
|
ORACLE CORP |
|
|
30,161.000 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
944,039.30 |
|
|
|
|
|
PNC FINANCIAL SERVICES GROUP |
|
|
10,975.000 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
666,402.00 |
|
|
|
|
|
PPG INDUSTRIES INC |
|
|
7,640.000 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
642,294.80 |
|
|
|
|
|
PRAXAIR |
|
|
8,896.000 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
849,301.12 |
|
|
|
|
|
PRECISION CASTPARTS CORP |
|
|
2,868.000 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
399,254.28 |
|
|
|
|
|
PRICELINE COM INC |
|
|
1,567.000 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
626,094.85 |
|
|
|
|
|
SALESFORCE.COM INC |
|
|
3,617.000 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
477,444.00 |
|
|
|
|
|
STARBUCKS |
|
|
2,329.000 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
74,830.77 |
|
|
|
|
|
TJX COMPANIES INC |
|
|
11,211.000 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
497,656.29 |
|
|
|
|
|
TIFFANY + CO |
|
|
7,477.000 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
465,592.79 |
|
|
|
|
|
US BANCORP |
|
|
34,771.000 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
937,773.87 |
|
|
|
|
|
UNION PAC CORP |
|
|
12,319.000 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
1,141,478.54 |
|
|
|
|
|
WELLS FARGO + CO |
|
|
19,627.000 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
608,240.73 |
|
|
|
|
|
WYNN RESORTS LTD |
|
|
3,885.000 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
403,418.40 |
|
|
|
|
|
YUM BRANDS INC |
|
|
7,254.00 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
355,808.70 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL CORPORATE STOCKS COMMON |
|
|
1,093,111.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
48,558,726.16 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMMON/COLLECTIVE TRUSTS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ALLIANCE COLLECTIVE INVT TR |
|
|
2,486,648.559 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
$ |
31,306,905.36 |
|
|
|
|
|
ALLIANCE BERNSTEIN 2000 RET |
|
|
330,330.889 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
3,402,408.16 |
|
|
|
|
|
ALLIANCE BERNSTEIN 2005 RET |
|
|
830,132.248 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
8,276,418.51 |
|
|
|
|
|
ALLIANCE BERNSTEIN 2010 RET |
|
|
1,834,668.811 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
17,961,407.66 |
|
|
|
|
|
ALLIANCE BERSTEIN 2015 RET |
|
|
3,676,381.251 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
35,109,440.95 |
|
|
|
|
|
ALLIANCE BERSTEIN 2020 RET |
|
|
4,287,201.136 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
39,870,970.56 |
|
|
|
|
|
ALLIANCE BERSTEIN 2025 RET |
|
|
3,674,768.362 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
33,440,392.09 |
|
|
|
|
|
ALLIANCE BERSTEIN 2030 RET |
|
|
2,354,378.481 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
21,001,056.05 |
|
|
|
|
|
ALLIANCE BERSTEIN 2035 RET |
|
|
1,402,851.867 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
12,288,982.35 |
|
|
|
|
|
ALLIANCE BERSTEIN 2040 RET |
|
|
584,266.881 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
5,118,177.88 |
|
|
|
|
|
ALLIANCE BERSTEIN 2045 RET |
|
|
407,276.610 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
3,571,815.87 |
|
|
|
|
|
ALLIANCE BERSTEIN 2050 RET |
|
|
259,234.630 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
2,273,487.71 |
|
|
|
|
|
BR RUSSELL 2000 INDEX FUND F |
|
|
1,071,659.492 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
22,676,314.85 |
|
|
|
|
|
BR EQUITY INDEX FUND F |
|
|
2,144,315.732 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
43,293,734.63 |
|
|
|
|
|
CAP GUARDIAN 003 01 |
|
|
569,583.968 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
|
25,716,716.16 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL COMMON/COLLECTIVE TRUSTS |
|
|
25,913,698.917 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
305,308,228.79 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
18
CELANESE AMERICAS RETIREMENT SAVINGS PLAN
FORM 5500, SCHEDULE H, LINE 4i SCHEDULE OF ASSETS (HELD AT END OF YEAR)
(Plan # 001)
CELANESE AMERICAS CORPORATION EIN: 22-1862783 05MK
December 31, 2010
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(A) Fund |
|
|
(B) Identity of Issuer, Borrower, Lessor or Similar Party |
|
(C) Description of Investment |
|
|
(D) Cost |
|
|
( E) Current Value |
|
|
|
|
|
|
|
Shares/Par |
|
|
Rate of Interest |
|
|
Maturity |
|
|
|
|
|
|
|
|
|
|
|
|
|
REGISTERED INVESTMENT COMPANY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PIMCO TOTAL RETURN FUND |
|
|
1,678,649.266 |
|
|
|
|
|
|
|
|
|
|
|
** |
|
|
$ |
18,213,344.54 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL REGISTERED INVESTMENT COMPANY |
|
|
1,678,649.266 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
18,213,344.54 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
INSURANCE CO. GENERAL ACCOUNT |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BANK OF AMERICA |
|
|
47,499,298.539 |
|
|
|
5.00 |
|
|
|
12/31/2055 |
|
|
|
** |
|
|
$ |
47,499,298.54 |
|
|
|
|
|
NATIXIS |
|
|
47,362,812.800 |
|
|
|
5.00 |
|
|
|
12/31/2055 |
|
|
|
** |
|
|
|
47,362,812.80 |
|
|
* |
|
|
STATE STREET BANK |
|
|
47,499,119.311 |
|
|
|
5.00 |
|
|
|
12/31/2055 |
|
|
|
** |
|
|
|
47,499,119.31 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL INSURANCE CO. GENERAL ACCOUNT |
|
|
142,361,230.650 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
142,361,230.65 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LOANS TO PARTICIPANTS OTHER |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* |
|
|
LOANS TO PARTICIPANTS |
|
|
7,569,414.910 |
|
|
|
4.25 to 11.50 |
|
|
Various maturity dates |
|
$ |
|
|
|
$ |
7,569,414.91 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL LOANS TO PARTICIPANTS OTHER |
|
|
7,569,414.910 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
7,569,414.91 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL ASSETS HELD FOR INVESTMENT PURPOSES |
|
|
198,894,927.273 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
542,804,317.48 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* |
|
Party-in-interest as defined by ERISA |
|
** |
|
Cost information is not required for participant-directed
investments and, therefore, is not included. |
19
SIGNATURES
The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the Plan
Administrator has duly caused this annual report to be signed on its behalf by the undersigned
hereunto duly authorized.
|
|
|
|
|
|
Celanese Americas Retirement Savings Plan
|
|
|
By: |
/s/ Christopher W. Jensen
|
|
|
|
Christopher W. Jensen |
|
|
|
Senior Vice President,
Finance of Celanese Corporation
President of Celanese Americas LLC |
|
20