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Debt (Tables)
9 Months Ended
Sep. 30, 2011
Debt Disclosure [Abstract] 
Schedule of Short-term Debt
 
As of
September 30,
2011
 
As of
December 31,
2010
 
(In $ millions)
Short term borrowings and current installments of long-term debt - third party and affiliates
 
 
 
Current installments of long-term debt
55

 
74

Short-term borrowings, including amounts due to affiliates, weighted average interest rate of 4.0% as of September 30, 2011
106

 
154

Total
161

 
228

Schedule of Long-term Debt

 
As of
September 30,
2011
 
As of
December 31,
2010
 
(In $ millions)
Long-term debt
 
 
 
Senior credit facilities
 
 
 
Term B loan facility due 2014

 
508

Term C loan facility due 2016
1,401

 
1,409

Senior unsecured notes due 2018, interest rate of 6.625%
600

 
600

Senior unsecured notes due 2021, interest rate of 5.875%
400

 

Pollution control and industrial revenue bonds, interest rates ranging from 5.7% to 6.7%, due at various dates through 2030
182

 
181

Obligations under capital leases due at various dates through 2054
251

 
245

Other bank obligations, interest rates ranging from 1.5% to 6.3%, due at various dates through 2017
114

 
121

Subtotal
2,948

 
3,064

Current installments of long-term debt
(55
)
 
(74
)
Total
2,893

 
2,990

Schedule of Estimated Net Leverage Ratio and Estimated Margin
Borrowings under the Amended Credit Agreement bear interest at a variable interest rate based on LIBOR (for US dollars) or EURIBOR (for Euros), or, for US dollar-denominated loans under certain circumstances, a base rate, in each case plus a margin. The margin may increase or decrease 0.25% based on the following:
 
 
 
Estimated Margin
 
 
 
Estimated
Margin as of
September 30, 2011
 
Decreases .25%
 
Increases .25%
 
Estimated Total Net
Leverage Ratio as of
September 30, 2011
 
 
If the Estimated Total Net Leverage is:
 
Credit-linked revolving facility
1.50
%
 
 not applicable
 
  > 2.25:1.00
 
1.57

Term C
2.75
%
 
  < = 1.75:1.00
 
  > 2.25:1.00
 
1.57

Schedule of First Lien Senior Secured Leverage Ratios and Borrowing Capacity
 
As of September 30, 2011
 
 
 
 
 
 
 
Estimate, if Fully
 
Borrowing
 
Maximum
 
Estimate
 
Drawn
 
Capacity
 
 
 
 
 
 
 
(In $ millions)
First lien senior secured leverage ratio
3.90 to 1.00
 
1.06 to 1.00
 
1.49 to 1.00
 
600

Schedule of Balances Available for Borrowing Under the Revolving Credit Facility and the Credit-linked Revolving Facility
 
As of
September 30,
2011
 
(In $ millions)

Revolving credit facility
 

Borrowings outstanding

Letters of credit issued

Available for borrowing
600

Credit-linked revolving facility
 
Letters of credit issued
80

Available for borrowing
148