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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2013
Stockholders' Equity Note [Abstract]  
Schedule of Dividend Increases
The Company announced that its Board of Directors approved increases in the Company's Common Stock cash dividend rates as follows:
 
Increase
 
Quarterly Common
Stock Cash Dividend
 
Annual Common
Stock Cash Dividend
 
Effective Date
 
(In percentages)
 
(In $ per share)
 
 
April 2011
20
 
0.060

 
0.24

 
August 2011
April 2012
25
 
0.075

 
0.30

 
August 2012
April 2013
20
 
0.090

 
0.36

 
May 2013
July 2013
100
 
0.180

 
0.72

 
August 2013
Schedule of Treasury Stock
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 December 31, 2013
893


These authorizations give management discretion in determining the timing and conditions under which shares may be repurchased. This repurchase program does not have an expiration date.
The share repurchase activity pursuant to this authorization is as follows:
 
Year Ended December 31,
 
Total From
February 2008
Through
December 31, 2013
 
 
2013
 
2012
 
2011
 
 
Shares repurchased
3,186,180

(1) 
1,059,719

(1) 
652,016

 
16,328,707

(2) 
Average purchase price per share
$
51.38

 
$
42.44

 
$
46.99

 
$
40.72

 
Amount spent on repurchased shares (in millions)
$
164

 
$
45

 
$
31

 
$
665

 
______________________________
(1) 
The years ended December 31, 2013 and 2012 exclude 6,021 shares and 5,823 shares, respectively, withheld from an executive officer to cover statutory minimum withholding requirements for personal income taxes related to the vesting of restricted stock awards. Restricted stock awards are considered outstanding at the time of issuance and therefore, the shares withheld are treated as treasury shares.
(2) 
Excludes 11,844 shares withheld from an executive officer to cover statutory minimum withholding requirements for personal income taxes related to the vesting of restricted stock awards.
Schedule of Components of Other Comprehensive Income (Loss), Net
Other Comprehensive Income (Loss), Net
 
Year Ended December 31,
 
2013
 
2012
 
2011
 
Gross
Amount
 
Income
Tax
(Provision)
Benefit
 
Net
Amount
 
Gross
Amount
 
Income
Tax
(Provision)
Benefit
 
Net
Amount
 
Gross
Amount
 
Income
Tax
(Provision)
Benefit
 
Net
Amount
 
(In $ millions)
Unrealized gain (loss) on marketable securities
1

(1) 

 
1

 

 

 

 

 

 

Foreign currency translation
55

 
(35
)
 
20

 
13

 
(8
)
 
5

 
(29
)
 
2

 
(27
)
Gain (loss) on interest rate swaps
9

 
(3
)
 
6

 
10

(2) 
(3
)
 
7

 
37

(3) 
(10
)
 
27

Pension and postretirement benefits
88

 
(30
)
 
58

 
(12
)
(4) 
1

 
(11
)
 
(2
)
 
2

 

Total
153

 
(68
)
 
85

 
11

 
(10
)
 
1

 
6

 
(6
)
 


______________________________
(1) 
Amount includes $1 million of unrealized gains associated with the Company's equity method investments' marketable securities.
(2) 
Amount includes $2 million of gains associated with the Company's equity method investments' derivative activity.
(3) 
Amount includes $2 million of gains associated with the Company's equity method investments' derivative activity.
(4) 
Amount includes amortization of actuarial losses of $10 million related to the Company's equity method investments' pension plans.
Schedule of Adjustments to Accumulated Other Comprehensive Income (Loss), Net
Adjustments to Accumulated other comprehensive income (loss), net, are as follows:
 
Unrealized
Gain (Loss) on
Marketable
Securities
 
Foreign
Currency
Translation
 
Gain (Loss)
on Interest
Rate Swaps
 
Pension
and
Postretirement
Benefits
 
Accumulated
Other
Comprehensive
Income
(Loss), Net
 
(In $ millions)
As of December 31, 2010
(1
)
 
(1
)
 
(84
)
 
(4
)
 
(90
)
Current period change

 
(29
)
 
37

 
(2
)
 
6

Income tax (provision) benefit

 
2

 
(10
)
 
2

 
(6
)
As of December 31, 2011
(1
)
 
(28
)
 
(57
)
 
(4
)
 
(90
)
Current period change

 
13

 
10

 
(12
)
 
11

Income tax (provision) benefit

 
(8
)
 
(3
)
 
1

 
(10
)
As of December 31, 2012
(1
)
 
(23
)
 
(50
)
 
(15
)
 
(89
)
Other comprehensive income (loss) before reclassifications
1

 
55

 
(2
)
 
99

 
153

Amounts reclassified from accumulated other comprehensive income (loss)

 

 
11

 
(11
)
 

Income tax (provision) benefit

 
(35
)
 
(3
)
 
(30
)
 
(68
)
As of December 31, 2013

 
(3
)
 
(44
)
 
43

 
(4
)