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Benefit Obligations (Tables)
12 Months Ended
Dec. 31, 2012
Compensation and Retirement Disclosure [Abstract]  
Schedule of Contributions to Defined Contribution Plans and Multiemployer Defined Benefit Pension Plans
Contributions to the Company's defined contribution plans and multiemployer plans are as follows:
 
Year Ended December 31,
 
2012
 
2011
 
2010
 
(In $ millions)
Defined contribution plans
17

 
15

 
14

Multiemployer pension plan
6

 
6

 
6

Schedule of Company's Pension and Post Retirement Benefit Plans
Summarized information on the Company's pension and postretirement benefit plans is as follows:
 
Pension Benefits
 
Postretirement Benefits
 
As of December 31,
 
As of December 31,
 
2012
 
2011
 
2012
 
2011
 
As Adjusted (Note 2)
 
(In $ millions)
Change in Projected Benefit Obligation
 
 
 
 
 
 
 
Projected benefit obligation as of beginning of period
3,761

 
3,533

 
281

 
282

Service cost
28

 
28

 
1

 
1

Interest cost
170

 
182

 
11

 
13

Participant contributions

 

 
22

 
21

Plan amendments

 
(3
)
 
4

 

Net actuarial (gain) loss(1)
466

 
274

 
12

 
13

Settlements

 
(1
)
 

 

Benefits paid
(242
)
 
(236
)
 
(46
)
 
(53
)
Federal subsidy on Medicare Part D

 

 
6

 
4

Curtailments

 
(1
)
 

 

Exchange rate changes
16

 
(15
)
 
1

 

Projected benefit obligation as of end of period
4,199

 
3,761

 
292

 
281

Change in Plan Assets
 
 
 
 
 
 
 
Fair value of plan assets as of beginning of period
2,562

 
2,460

 

 

Actual return on plan assets
294

 
169

 

 

Employer contributions
270

 
181

 
24

 
32

Participant contributions

 

 
22

 
21

Settlements

 

 

 

Benefits paid(4)
(242
)
 
(236
)
 
(46
)
 
(53
)
Exchange rate changes
12

 
(12
)
 

 

Fair value of plan assets as of end of period
2,896

 
2,562

 

 

Funded status as of end of period
(1,303
)
 
(1,199
)
 
(292
)
 
(281
)
Amounts Recognized in the Consolidated Balance Sheets Consist of:
 
 
 
 
 
 
 
Noncurrent Other assets
26

 
27

 

 

Current Other liabilities
(23
)
 
(22
)
 
(24
)
 
(25
)
Benefit obligations
(1,306
)
 
(1,204
)
 
(268
)
 
(256
)
Net amount recognized
(1,303
)
 
(1,199
)
 
(292
)
 
(281
)
Amounts Recognized in Accumulated Other Comprehensive Income Consist of:
 
 
 
 
 
 
 
Net actuarial (gain) loss(2)
9

 
(1
)
 

 

Prior service (benefit) cost(3)
6

 
7

 
4

 
1

Net amount recognized
15

 
6

 
4

 
1

______________________________
(1) 
Primarily relates to change in discount rates.
(2) 
Relates to the pension plans of the Company's equity method investments.
(3) 
Amount shown net of an income tax benefit of $4 million and $3 million as of December 31, 2012 and 2011, respectively, in the consolidated statements of equity (Note 16).
(4) 
Includes benefit payments to nonqualified pension plans of $22 million and $22 million as of December 31, 2012 and 2011, respectively.
Schedule of Percentage of US and International Projected Benefit Obligation
The percentage of US and international projected benefit obligation at the end of the period is as follows:
 
Pension Benefits
 
Postretirement Benefits
 
As of December 31,
 
As of December 31,
 
2012
 
2011
 
2012
 
2011
 
(In percentages)
US plans
84
 
86
 
88
 
88
International plans
16
 
14
 
12
 
12
 Total
100
 
100
 
100
 
100
Schedule of Percentage of US and International Fair Value of Plan Assets
The percentage of US and international fair value of plan assets at the end of the period is as follows:
 
Pension Benefits
 
As of December 31,
 
2012
 
2011
 
(In percentages)
US plans
83
 
82
International plans
17
 
18
Total
100
 
100
Schedule of Pension Plans with Projected Benefit Obligations in Excess of Plan Assets
Pension plans with projected benefit obligations in excess of plan assets are as follows:
 
As of December 31,
 
2012
 
2011
 
(In $ millions)
Projected benefit obligation
3,986

 
3,540

Fair value of plan assets
2,657

 
2,314

Schedule of Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets
Included in the above table are pension plans with accumulated benefit obligations in excess of plan assets as follows:
 
As of December 31,
 
2012
 
2011
 
(In $ millions)
Accumulated benefit obligation
3,881

 
3,468

Fair value of plan assets
2,654

 
2,300

Schedule of Accumulated Benefit Obligation for All Defined Benefit Pension Plans
The accumulated benefit obligation for all defined benefit pension plans is as follows:
 
As of December 31,
 
2012
 
2011
 
(In $ millions)
Accumulated benefit obligation
4,096

 
3,697

Schedule of Net Periodic Benefit Costs
The components of net periodic benefit costs are as follows:
 
Pension Benefits
 
Postretirement Benefits
 
Year Ended December 31,
 
Year Ended December 31,
 
2012
 
2011
 
2010
 
2012
 
2011
 
2010
 
As Adjusted (Note 2)
 
(In $ millions)
Service cost
28

 
28

 
30

 
1

 
1

 
1

Interest cost
170

 
182

 
188

 
11

 
13

 
15

Expected return on plan assets
(204
)
 
(195
)
 
(176
)
 

 

 

Amortization of prior service cost
2

 
1

 
1

 
1

 

 

Recognized actuarial (gain) loss
377

 
293

 
74

 
12

 
13

 
10

Curtailment (gain) loss

 

 

 

 

 

Settlement (gain) loss

 

 

 

 

 

Special termination benefits

 

 

 

 

 

Total
373

 
309

 
117

 
25

 
27

 
26

Schedule of Amortization of Accumulated Other Comprehensive Income (Loss), Net Into Net Periodic Benefit Cost
Amortization of Accumulated other comprehensive income (loss), net into net periodic benefit cost in 2013 is expected to be as follows:
 
Pension
Benefits
 
Postretirement
Benefits
 
(In $ millions)
Prior service cost
1

 

Schedule of Nonqualified Pension Plans Funded with Nonqualified Trusts
The Company maintains nonqualified pension plans funded with nonqualified trusts for certain US employees as follows:
 
As of December 31,
 
2012
 
2011
 
(In $ millions)
Nonqualified Trust Assets
 
 
 
Marketable securities, at fair value
53

 
64

Noncurrent Other assets, consisting of insurance contracts
66

 
69

Nonqualified Pension Obligations
 
 
 
Current Other liabilities
22

 
21

Benefit obligations
264

 
248

Schedule of Expense Related to Nonqualified Pension Plans Included in Net Periodic Benefit Cost, Excluding Returns on Assets
Expense relating to the nonqualified pension plans included in net periodic benefit cost, excluding returns on the assets held by the nonqualified trusts, is as follows:
 
Year Ended December 31,
 
2012
 
2011
 
2010
 
(In $ millions)
Total
17

 
18

 
18

Schedule of Principle Weighted-average Assumptions Used to Determine Benefit Obligations and Benefit Cost
The principal weighted average assumptions used to determine benefit obligation are as follows:
 
Pension Benefits
 
Postretirement Benefits
 
As of December 31,
 
As of December 31,
 
2012
 
2011
 
2012
 
2011
 
(In percentages)
Discount Rate Obligations
 
 
 
 
 
 
 
US plans
3.80
 
4.60
 
3.40
 
4.30
International plans
3.55
 
4.70
 
3.82
 
4.10
Combined
3.77
 
4.61
 
3.45
 
4.28
Rate of Compensation Increase
 
 
 
 
 
 
 
US plans
4.00
 
4.00
 
 
 
 
International plans
2.85
 
2.63
 
 
 
 
Combined
3.81
 
3.58
 
 
 
 
The principal weighted average assumptions used to determine benefit cost are as follows:
 
Pension Benefits
 
Postretirement Benefits
 
Year Ended December 31,
 
Year Ended December 31,
 
2012
 
2011
 
2010
 
2012
 
2011
 
2010
 
(In percentages)
Discount Rate Obligations
 
 
 
 
 
 
 
 
 
 
 
US plans
4.60
 
5.30
 
5.90
 
4.30
 
4.90
 
5.50
International plans
4.70
 
5.05
 
5.41
 
4.04
 
4.95
 
5.49
Combined
4.61
 
5.26
 
5.83
 
4.27
 
4.91
 
5.50
Expected Return on Plan Assets
 
 
 
 
 
 
 
 
 
 
 
US plans
8.50
 
8.50
 
8.50
 
 
 
 
 
 
International plans
6.00
 
6.00
 
6.07
 
 
 
 
 
 
Combined
8.06
 
8.06
 
8.06
 
 
 
 
 
 
Rate of Compensation Increase
 
 
 
 
 
 
 
 
 
 
 
US plans
4.00
 
4.00
 
4.00
 
 
 
 
 
 
International plans
2.88
 
2.66
 
2.94
 
 
 
 
 
 
Combined
3.84
 
3.58
 
3.84
 
 
 
 
 
 
Schedule of Impact of One-Percentage-Point Change in Assumed Health Care Cost Trend
The impact of a one percentage point change in the assumed health care cost trend is as follows:
 
Trend Rate Change
 
Decreases 1%
 
Increases 1%
 
(In $ millions)
Postretirement obligations
5

 
6

Service and interest cost

 

Schedule of Weighted-average Target Asset Allocations
The weighted average target asset allocations for the Company's pension plans in 2013 are as follows:
 
US
Plans
 
International
Plans
 
(In percentages)
Bonds - domestic to plans
53
 
81
Equities - domestic to plans
26
 
13
Equities - international to plans
20
 
3
Other
1
 
3
Total
100
 
100
Schedule of Fair Values of Pension Plan Assets
The fair values of pension plan assets are as follows:
 
Fair Value Measurement
 
Quoted Prices in Active Markets for Identical Assets
(Level 1)
 
Significant Other Observable Inputs
(Level 2)
 
Total
 
As of December 31,
 
2012
 
2011
 
2012
 
2011
 
2012
 
2011
 
(In $ millions)
Assets
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
15

 
14

 

 

 
15

 
14

Common/collective trusts
 
 
 
 
 
 
 
 
 
 
 
Loans

 

 
55

 

 
55

 

Equities

 

 
176

 
153

 
176

 
153

Derivatives
 
 
 
 
 
 
 
 
 
 
 
Swaps

 

 
10

 
10

 
10

 
10

Other

 

 
1

 

 
1

 

Equity securities
 
 
 
 
 
 
 
 
 
 
 
US companies
359

 
327

 

 

 
359

 
327

International companies
450

 
358

 

 

 
450

 
358

Fixed income
 
 
 
 
 
 
 
 
 
 
 
Collateralized mortgage obligations

 

 
2

 
6

 
2

 
6

Corporate debt

 
1

 
822

 
761

 
822

 
762

Treasuries, other debt
102

 
36

 
349

 
375

 
451

 
411

Mortgage backed securities

 

 
31

 
44

 
31

 
44

Registered investment companies

 

 
278

 
282

 
278

 
282

Securities lending collateral
10

 
63

 

 

 
10

 
63

Short-term investments

 

 
229

 
186

 
229

 
186

Insurance contracts

 

 
31

 
29

 
31

 
29

Other
22

 
7

 
8

 
10

 
30

 
17

Total assets
958

 
806

 
1,992

 
1,856

 
2,950

 
2,662

Liabilities
 
 
 
 
 
 
 
 
 
 
 
Derivatives
 
 
 
 
 
 
 
 
 
 
 
Swaps

 

 
10

 
10

 
10

 
10

Other

 

 

 
1

 

 
1

Obligations under securities lending
10

 
63

 

 

 
10

 
63

Total liabilities
10

 
63

 
10

 
11

 
20

 
74

Total net assets (1)
948

 
743

 
1,982

 
1,845

 
2,930

 
2,588

______________________________
(1) 
Total net assets excludes non-financial plan receivables and payables of $29 million and $63 million, respectively, as of December 31, 2012 and $38 million and $64 million, respectively, as of December 31, 2011. Non-financial items include due to/from broker, interest receivables and accrued expenses.
Schedule of Level 3 Fair Value Measurement of Pension Assets Using Significant Unobservable Inputs
Level 3 fair value measurements using significant unobservable inputs are as follows:
 
As of December 31,
 
2012
 
2011
 
(In $ millions)
As of the beginning of the year

 
26

Unrealized gain (loss)

 
3

Purchases, sales, issuances and settlements, net

 
(29
)
As of the end of the year

 

Schedule of Pension Benefits Expected to be Paid from the Plans or From the Company's Assets
The table below reflects pension benefits expected to be paid from the plans or from the Company's assets. The postretirement benefits represent the Company's share of the benefit cost.
 
 
 
Postretirement Benefit
 
Pension
Benefit
Payments(1)
 
Payments
 
Expected
Federal
Subsidy
 
(In $ millions)
2013
237

 
54

 
6

2014
236

 
55

 
6

2015
236

 
56

 
6

2016
237

 
55

 
2

2017
241

 
54

 
2

2018-2021
1,250

 
260

 
6

______________________________
(1) 
Payments are expected to be made primarily from plan assets.
Schedule of Other Obligations
Additional benefit obligations are as follows:
 
As of December 31,
 
2012
 
2011
 
(In $ millions)
Long-term disability
22

 
26

Other
6

 
6