Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2012

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis

Assets and liabilities measured at fair value on a recurring basis are as follows:

	Fair Value Measurement Using
	Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)		Total
	(In $ millions)
Marketable securities, at fair value
Mutual funds	63	—		63
Derivatives designated as cash flow hedging instruments
Interest rate swaps	—	3		3		(1)
Derivatives not designated as hedging instruments
Foreign currency forwards and swaps	—	3		3		(2)
Total assets as of March 31, 2012	63	6		69
Derivatives designated as cash flow hedging instruments
Interest rate swaps	—	(16	)	(16	)	(3)
Interest rate swaps	—	(9	)	(9	)	(4)
Derivatives not designated as hedging instruments
Interest rate swaps	—	—		—		(3)
Foreign currency forwards and swaps	—	(7	)	(7	)	(3)
Total liabilities as of March 31, 2012	—	(32	)	(32	)
Marketable securities, at fair value
Mutual funds	64	—		64
Derivatives not designated as hedging instruments
Foreign currency forwards and swaps	—	9		9		(2)
Total assets as of December 31, 2011	64	9		73
Derivatives designated as cash flow hedging instruments
Interest rate swaps	—	(21	)	(21	)	(3)
Interest rate swaps	—	(13	)	(13	)	(4)
Derivatives not designated as hedging instruments
Interest rate swaps		(2	)	(2	)	(3)
Foreign currency forwards and swaps	—	(3	)	(3	)	(3)
Total liabilities as of December 31, 2011	—	(39	)	(39	)

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⁽¹⁾  Included in noncurrent Other assets in the unaudited consolidated balance sheets.

⁽²⁾  Included in current Other assets in the unaudited consolidated balance sheets.

⁽³⁾  Included in current Other liabilities in the unaudited consolidated balance sheets.

⁽⁴⁾  Included in noncurrent Other liabilities in the unaudited consolidated balance sheets.

Schedule of Carrying Values and Fair Values of Financial Instruments

Carrying values and fair values of financial instruments that are not carried at fair value are as follows:

		Fair Value Measurement Using
	Carrying Amount	Significant Other Observable Inputs (Level 2)	Unobservable Inputs (Level 3)	Total
		(In $ millions)
As of March 31, 2012
Cost investments	148	—	—	—
Insurance contracts in nonqualified trusts	65	65	—	65
Long-term debt, including current installments of long-term debt	2,914	2,735	248	2,983
As of December 31, 2011
Cost investments	147	—	—	—
Insurance contracts in nonqualified trusts	69	69	—	69
Long-term debt, including current installments of long-term debt	2,911	2,719	248	2,967