Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2011

Derivative Financial Instruments [Abstract]

Schedule of Interest Rate Swap Derivatives

US-dollar interest rate swap derivative arrangements are as follows:

As of June 30, 2011
Notional Value	Effective Date	Expiration Date	Fixed Rate(1)
(In $ millions)
800	April 2, 2007	January 2, 2012		4.92	%
400	January 2, 2008	January 2, 2012		4.33	%
200	April 2, 2009	January 2, 2012		1.92	%
1,100	January 2, 2012	January 2, 2014		1.71	%

⁽¹⁾ Fixes the LIBOR portion of the Company's US-dollar denominated variable rate borrowings (Note 9).

As of December 31, 2010
Notional Value	Effective Date	Expiration Date	Fixed Rate(1)
(In $ millions)
100	April 2, 2007	January 2, 2011		4.92	%
800	April 2, 2007	January 2, 2012		4.92	%
400	January 2, 2008	January 2, 2012		4.33	%
200	April 2, 2009	January 2, 2012		1.92	%

1,100   January 2, 2012 January 2, 2014 1.71 %

⁽¹⁾ Fixes the LIBOR portion of the Company's US-dollar denominated variable rate borrowings (Note 9).

Euro interest rate swap derivative arrangements are as follows:

As of December 31, 2010
Notional Value	Effective Date	Expiration Date	Fixed Rate(1)
(In € millions)
150	April 2, 2007	April 2, 2011		4.04	%

⁽¹⁾ Fixes the EURIBOR portion of the Company's Euro denominated variable rate borrowings (Note 9).

Schedule of Notional Amounts of Foreign Currency Derivatives

Notional values of the foreign currency forwards and swaps are as follows:

	As of		As of
	June 30,		December 31,
	2011		2010
	(In $ millions)
Total		1,367		751

Schedule of Changes in Fair Value of Derivatives

Information regarding changes in the fair value of the Company's derivative arrangements is as follows:

	Six Months Ended								Six Months Ended
	June 30, 2011								June 30, 2010
	Gain (Loss)								Gain (Loss)
	Recognized in								Recognized in
	Other				Gain (Loss)				Other				Gain (Loss)
	Comprehensive				Recognized in				Comprehensive				Recognized in
	Income				Income				Income				Income
	(In $ millions)
Derivatives designated as cash flow hedging instruments
Interest rate swaps		(17	) (1	)		(30	) (3	)		(23	) (2	)		(35)	(3)
Derivatives not designated as hedging instruments
Interest rate swaps		-				(3	) (4	)		-				-
Foreign currency forwards and swaps		-				(15	) (5	)		-				38	(5)
Total		(17	)			(48	)			(23	)			3

(1)	Amount excludes $1 million of losses associated with the Company's equity method investments' derivative activity and $6 million of tax expense recognized in Other comprehensive income (loss).
(2)	Amount excludes $5 million of losses associated with the Company's equity method investments' derivative activity and $4 million of tax expense recognized in Other comprehensive income (loss).
(3)	Amount represents reclassification from Accumulated other comprehensive income (loss), net and is included as Interest expense in the unaudited interim consolidated statements of operations.
(4)	Included in Interest expense in the unaudited interim consolidated statements of operations.
(5)	Included in Foreign exchange gain (loss), net for operating activity or Other income (expense), net for non-operating activity in the unaudited interim consolidated statements of operations.