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Fair Value Measurements (Tables)
12 Months Ended
Dec. 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
 
 
 
Quoted Prices in Active Markets for
Identical Assets
(Level 1)
 
Significant Other
Observable Inputs
(Level 2)
 
Total
 
 
 
As of December 31,
 
Balance Sheet Classification
 
2012
 
2011
 
2012
 
2011
 
2012
 
2011
 
 
 
(In $ millions)
Mutual funds
Marketable securities, at fair value
 
53

 
64

 

 

 
53

 
64

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

 

 
2

 
9

 
2

 
9

Total assets
 
53

 
64

 
2

 
9

 
55

 
73

Derivatives Designated as Cash Flow Hedges
 
 
 

 
 
 
 

 
 
 
 

 
 
Interest rate swaps
Current Other liabilities
 

 

 
(10
)
 
(21
)
 
(10
)
 
(21
)
Interest rate swaps
Noncurrent Other liabilities
 

 

 
(7
)
 
(13
)
 
(7
)
 
(13
)
Derivatives Not Designated as Hedges
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
Current Other liabilities
 

 

 
(5
)
 
(2
)
 
(5
)
 
(2
)
Interest rate swaps
Noncurrent Other liabilities
 

 

 
(1
)
 

 
(1
)
 

Foreign currency forwards and swaps
Current Other liabilities
 

 

 
(8
)
 
(3
)
 
(8
)
 
(3
)
Total liabilities
 

 

 
(31
)
 
(39
)
 
(31
)
 
(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 in the consolidated balance sheets are as follows:
 
 
 
 
 
Fair Value Measurement
 
Carrying Amount
 
Significant Other
Observable Inputs
(Level 2)
 
Unobservable Inputs
(Level 3)
 
Total
 
As of December 31,
 
2012
 
2011
 
2012
 
2011
 
2012
 
2011
 
2012
 
2011
 
(In $ millions)
Cost investments
156

 
147

 

 

 

 

 

 

Insurance contracts in nonqualified trusts
66

 
69

 
66

 
69

 

 

 
66

 
69

Long-term debt, including current installments of long-term debt
2,990

 
2,911

 
2,886

 
2,719

 
244

 
248

 
3,130

 
2,967