Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2013

Stockholders' Equity Note [Abstract]

Treasury Stock

The Company’s Board of Directors authorized the repurchase of Common Stock as follows:



	Authorized Amount
	(In $ millions)
February 2008	400
October 2008	100
April 2011	129
October 2012	264
As of June 30, 2013	893

The authorization gives management discretion in determining the timing and conditions under which shares may be repurchased. The repurchase program does not have an expiration date.

The share repurchase activity pursuant to this authorization is as follows:



	Six Months Ended June 30,					Total From February 2008 Through June 30, 2013
	2013			2012		Total From February 2008 Through June 30, 2013
Shares repurchased	137,692		⁽¹⁾	636,710		13,280,219		⁽²⁾
Average purchase price per share	$	46.24		$	45.09	$	38.23
Amount spent on repurchased shares (in millions)	$	6		$	28	$	507

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⁽¹⁾	Excludes 6,021 shares withheld from employee to cover statutory minimum withholding requirements for personal income taxes related to the vesting of restricted stock. Restricted stock is considered outstanding at the time of issuance and therefore, the shares withheld are treated as treasury shares.


⁽²⁾	Excludes 11,844 shares withheld from employee to cover statutory minimum withholding requirements for personal income taxes related to the vesting of restricted stock. Restricted stock is considered outstanding at the time of issuance and therefore, the shares withheld are treated as treasury shares.

Schedule of Components of Other Comprehensive Income (Loss), Net

Other Comprehensive Income (Loss), Net



	Three Months Ended June 30,
	2013					2012
	Gross Amount		Income Tax (Provision) Benefit		Net Amount	Gross Amount		Income Tax (Provision) Benefit		Net Amount
						As Adjusted (Note 1)
	(In $ millions)
Unrealized gain (loss) on marketable securities	—		—		—	—		—		—
Foreign currency translation	28		(2	)	26	(50	)	—		(50	)
Gain (loss) on interest rate swaps	3	⁽¹⁾	(1	)	2	(1	)	1		—
Pension and postretirement benefits	—	⁽²⁾	—		—	—		(2	)	(2	)
Total	31		(3	)	28	(51	)	(1	)	(52	)

______________________________


⁽¹⁾	Amount includes $1 million of losses associated with the Company's equity method investments' derivative activity.


⁽²⁾	Amount includes amortization of actuarial losses of $1 million related to the Company's equity method investments' pension plans.



	Six Months Ended June 30,
	2013							2012
	Gross Amount			Income Tax (Provision) Benefit		Net Amount		Gross Amount			Income Tax (Provision) Benefit		Net Amount
								As Adjusted (Note 1)
	(In $ millions)
Unrealized gain (loss) on marketable securities	—			—		—		—			—		—
Foreign currency translation	(3	)		(2	)	(5	)	(24	)		—		(24	)
Gain (loss) on interest rate swaps	5		⁽¹⁾	(2	)	3		1			—		1
Pension and postretirement benefits	—		⁽²⁾	—		—		(1	)	⁽³⁾	(5	)	(6	)
Total	2			(4	)	(2	)	(24	)		(5	)	(29	)

______________________________


⁽¹⁾	Amount includes $1 million of losses associated with the Company's equity method investments' derivative activity.


⁽²⁾	Amount includes amortization of actuarial losses of $1 million related to the Company's equity method investments' pension plans.


⁽³⁾	Amount includes amortization of actuarial losses of $2 million related to the Company's equity method investments' pension plans

Schedule of Adjustments to Accumulated Other Comprehensive Income (Loss), Net



	Unrealized Gain (Loss) on Marketable Securities (Note 4)		Foreign Currency Translation		Gain (Loss) on Interest Rate Swaps (Note 15)		Pension and Postretire- ment Benefits (Note 10)		Accumulated Other Comprehensive Income (Loss), Net
	(In $ millions)
As of December 31, 2012 - As Adjusted (Note 1)	(1	)	(23	)	(50	)	(15	)	(89	)
Other comprehensive income before reclassifications	—		(3	)	(1	)	—		(4	)
Amounts reclassified from accumulated other comprehensive income	—		—		6		—		6
Income tax (provision) benefit	—		(2	)	(2	)	—		(4	)
As of June 30, 2013	(1	)	(28	)	(47	)	(15	)	(91	)

- Definition

Tabular disclosure of components of comprehensive income (loss) including, but not limited to: (a) foreign currency translation adjustments; (b) gains (losses) on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (c) gains (losses) on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (d) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (e) unrealized holding gains (losses) on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (f) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (g) the net gain (loss) and net prior service cost or credit for pension plans and other postretirement benefit plans.

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- Definition

Tabular disclosure of an entity's treasury stock, including the average cost per share, carrying basis for each class of treasury stock, description of share repurchase program authorized by an entity's board of directors, the number of shares repurchased, the cost of the shares repurchased, the remaining maximum dollar value of shares available for repurchase under the program, the treatment of the purchase price in excess of the current market value, number of shares held for each class of treasury stock, and other information necessary to a fair presentation.

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