Benefit Obligations (Tables)

12 Months Ended

Dec. 31, 2013

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,
	2013	2012	2011
	(In $ millions)
Defined contribution plans	19	17	15
Multiemployer pension plan	8	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 As of December 31,				Postretirement Benefits As of December 31,
	2013		2012		2013		2012
	(In $ millions)
Change in Projected Benefit Obligation
Projected benefit obligation as of beginning of period	4,199		3,761		292		281
Service cost	34		28		2		1
Interest cost	154		170		9		11
Participant contributions	—		—		23		22
Plan amendments	(1	)	—		(92	)	4
Net actuarial (gain) loss⁽¹⁾	(119	)	466		(37	)	12
Settlements	(172	)	—		(23	)	—
Benefits paid	(244	)	(242	)	(43	)	(46	)
Federal subsidy on Medicare Part D	—		—		6		6
Curtailments	(67	)	—		—		—
Exchange rate changes	6		16		(1	)	1
Other	9		—		—		—
Projected benefit obligation as of end of period	3,799		4,199		136		292
Change in Plan Assets
Fair value of plan assets as of beginning of period	2,896		2,562		—		—
Actual return on plan assets	171		294		—		—
Employer contributions	59		270		43		24
Participant contributions	—		—		23		22
Settlements	(173	)	—		(23	)	—
Benefits paid⁽⁴⁾	(244	)	(242	)	(43	)	(46	)
Exchange rate changes	—		12		—		—
Fair value of plan assets as of end of period	2,709		2,896		—		—
Funded status as of end of period	(1,090	)	(1,303	)	(136	)	(292	)
Amounts Recognized in the Consolidated Balance Sheets Consist of:
Noncurrent Other assets	11		26		—		—
Current Other liabilities	(23	)	(23	)	(55	)	(24	)
Benefit obligations	(1,078	)	(1,306	)	(81	)	(268	)
Net amount recognized	(1,090	)	(1,303	)	(136	)	(292	)
Amounts Recognized in Accumulated Other Comprehensive Income Consist of:
Net actuarial (gain) loss⁽²⁾	9		9		—		—
Prior service (benefit) cost⁽³⁾	(3	)	6		(75	)	4
Net amount recognized	6		15		(75	)	4

______________________________


⁽¹⁾	Primarily relates to change in discount rates.


⁽²⁾	Amount includes accumulated other comprehensive losses of $9 million and $9 million as of December 31, 2013 and 2012, respectively, related to the pension plans of the Company's equity method investments.


⁽³⁾	Amount shown net of an income tax expense of $26 million and income tax benefit of $4 million as of December 31, 2013 and 2012, 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, 2013 and 2012, 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 As of December 31,		Postretirement Benefits As of December 31,
	2013	2012	2013	2012
	(In percentages)
US plans	86	84	75	88
International plans	14	16	25	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,
	2013	2012
	(In percentages)
US plans	88	83
International plans	12	17
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,
	2013	2012
	(In $ millions)
Projected benefit obligation	3,749	3,986
Fair value of plan assets	2,648	2,657

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,
	2013	2012
	(In $ millions)
Accumulated benefit obligation	3,715	3,881
Fair value of plan assets	2,633	2,654

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,
	2013	2012
	(In $ millions)
Accumulated benefit obligation	3,778	4,096

Schedule of Net Periodic Benefit Costs

The components of net periodic benefit costs are as follows:



	Pension Benefits Year Ended December 31,						Postretirement Benefits Year Ended December 31,
	2013		2012		2011		2013		2012	2011
	(In $ millions)
Service cost	34		28		28		2		1	1
Interest cost	154		170		182		9		11	13
Expected return on plan assets	(223	)	(204	)	(195	)	—		—	—
Amortization of prior service cost	1		2		1		(12	)	1	—
Recognized actuarial (gain) loss	(67	)	377		293		(37	)	12	13
Curtailment (gain) loss	(61	)	—		—		—		—	—
Settlement (gain) loss	9		—		—		—		—	—
Special termination benefits	—		—		—		—		—	—
Total	(153	)	373		309		(38	)	25	27

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 2014 is expected to be as follows:



	Pension Benefits	Postretirement Benefits
	(In $ millions)
Prior service cost	—	(78	)

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,
	2013	2012
	(In $ millions)
Nonqualified Trust Assets
Marketable securities, at fair value	41	53
Noncurrent Other assets, consisting of insurance contracts	62	66
Nonqualified Pension Obligations
Current Other liabilities	22	22
Benefit obligations	247	264

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,
	2013	2012	2011
	(In $ millions)
Total	6	17	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 As of December 31,		Postretirement Benefits As of December 31,
	2013	2012	2013	2012
	(In percentages)
Discount Rate Obligations
US plans	4.7	3.8	4.3	3.4
International plans	3.7	3.6	4.5	3.8
Combined	4.6	3.8	4.4	3.5
Rate of Compensation Increase
US plans	3.0	4.0
International plans	2.8	2.9
Combined	3.0	3.8

The principal weighted average assumptions used to determine benefit cost are as follows:



	Pension Benefits Year Ended December 31,			Postretirement Benefits Year Ended December 31,
	2013	2012	2011	2013	2012	2011
	(In percentages)
Discount Rate Obligations
US plans	3.8	4.6	5.3	3.4	4.3	4.9
International plans	3.6	4.7	5.1	3.8	4.0	5.0
Combined	3.8	4.6	5.3	3.5	4.3	4.9
Expected Return on Plan Assets
US plans	8.5	8.5	8.5
International plans	5.8	6.0	6.0
Combined	8.0	8.1	8.1
Rate of Compensation Increase
US plans	4.0	4.0	4.0
International plans	2.9	2.9	2.7
Combined	3.8	3.8	3.6

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	7	8
Service and interest cost	—	1

Schedule of Weighted Average Target Asset Allocations

The weighted average target asset allocations for the Company's pension plans in 2014 are as follows:



	US Plans	International Plans
	(In percentages)
Bonds - domestic to plans	53	71
Equities - domestic to plans	26	20
Equities - international to plans	20	3
Other	1	6
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,
	2013	2012	2013	2012	2013	2012
	(In $ millions)
Assets
Cash and cash equivalents	8	15	—	—	8	15
Common/collective trusts
Loans	—	—	51	55	51	55
Equities	—	—	179	176	179	176
Derivatives
Swaps	—	—	49	10	49	10
Other	—	—	—	1	—	1
Equity securities
US companies	462	359	—	—	462	359
International companies	426	450	—	—	426	450
Fixed income
Collateralized mortgage obligations	—	—	1	2	1	2
Corporate debt	—	—	855	822	855	822
Treasuries, other debt	4	102	390	349	394	451
Mortgage backed securities	—	—	26	31	26	31
Registered investment companies	—	—	124	278	124	278
Securities lending collateral	6	10	—	—	6	10
Short-term investments	—	—	131	229	131	229
Insurance contracts	—	—	34	31	34	31
Other	15	22	8	8	23	30
Total investments, at fair value	921	958	1,848	1,992	2,769	2,950
Liabilities
Derivatives
Swaps	—	—	48	10	48	10
Other	—	—	1	—	1	—
Obligations under securities lending	6	10	—	—	6	10
Total liabilities	6	10	49	10	55	20
Total net assets ⁽¹⁾	915	948	1,799	1,982	2,714	2,930

______________________________


⁽¹⁾	Total net assets excludes non-financial plan receivables and payables of $26 million and $31 million, respectively, as of December 31, 2013 and $29 million and $63 million, respectively, as of December 31, 2012. Non-financial items include due to/from broker, interest receivables and accrued expenses.

Schedule of Pension Benefits Expected to be Paid from the Plans or From the Company's Assets

Pension benefits and postretirement benefit cost expected to be paid are as follows:



		Postretirement Benefit
	Pension Benefit Payments⁽¹⁾	Company Portion of Benefit Cost⁽²⁾		Expected Federal Subsidy
	(In $ millions)
2014	231	68	⁽³⁾	2
2015	232	5		—
2016	232	5		—
2017	234	6		—
2018	236	6		—
2019-2023	1,212	27		—

______________________________


⁽¹⁾	Payments are expected to be made primarily from plan assets.


⁽²⁾	Payments are expected to be made primarily from Company assets.


⁽³⁾	Includes $49 million of expected lump-sum buyout payments to US non-union individuals in connection with the elimination of US postretirement health care benefits.

Schedule of Other Obligations

Additional benefit obligations are as follows:



	As of December 31,
	2013	2012
	(In $ millions)
Long-term disability	10	22
Other	6	6