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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 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
 
Balance Sheet Location
 
Quoted Prices in Active Markets for
Identical Assets
(Level 1)
 
Significant Other
Observable Inputs
(Level 2)
 
Total
 
 
 
(In $ millions)
Mutual funds
Marketable securities, at fair value
 
60

 

 
60

Derivatives Designated as Cash Flow Hedges
 
 
 
 
 
 
 
Interest rate swaps
Noncurrent other assets
 

 

 

Derivatives Not Designated as Hedges
 
 
 
 
 
 
 
Foreign currency forwards and swaps
Current other assets
 

 
2

 
2

Total assets as of June 30, 2012
 
60

 
2

 
62

 
 
 
 
 
 
 
 
Derivatives Designated as Cash Flow Hedges
 
 
 

 
 

 
 

Interest rate swaps
Current other liabilities
 

 
(14
)
 
(14
)
Interest rate swaps
Noncurrent other liabilities
 

 
(11
)
 
(11
)
Derivatives Not Designated as Hedges
 
 
 
 
 
 
 
Interest rate swaps
Current other liabilities
 

 

 

Foreign currency forwards and swaps
Current other liabilities
 

 
(3
)
 
(3
)
Total liabilities as of June 30, 2012
 

 
(28
)
 
(28
)
 
 
 
 
 
 
 
 
Mutual funds
Marketable securities, at fair value
 
64

 

 
64

Derivatives Not Designated as Hedges
 
 


 


 


Foreign currency forwards and swaps
Current other assets
 

 
9

 
9

Total assets as of December 31, 2011
 
64

 
9

 
73

 
 
 
 
 
 
 
 
Derivatives Designated as Cash Flow Hedges
 
 
 

 
 

 
 

Interest rate swaps
Current other liabilities
 

 
(21
)
 
(21
)
Interest rate swaps
Noncurrent other liabilities
 

 
(13
)
 
(13
)
Derivatives Not Designated as Hedges
 
 
 
 
 
 
 
  Interest rate swaps
Current other liabilities
 

 
(2
)
 
(2
)
Foreign currency forwards and swaps
Current other liabilities
 

 
(3
)
 
(3
)
Total liabilities as of December 31, 2011
 

 
(39
)
 
(39
)

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 June 30, 2012
 
 
 
 
 
 
 
Cost investments
155

 

 

 

Insurance contracts in nonqualified trusts
67

 
67

 

 
67

Long-term debt, including current installments of long-term debt
2,885

 
2,726

 
243

 
2,969

 
 
 
 
 
 
 
 
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