Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Interest Rate Swap Derivatives

US-dollar interest rate swap derivative agreements are as follows:

As of December 31, 2013
Notional Value	Effective Date	Expiration Date	Fixed Rate (1)
(In $ millions)
1,100	January 2, 2012	January 2, 2014	1.71	%
500	January 2, 2014	January 2, 2016	1.02	%

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⁽¹⁾  Fixes the LIBOR portion of the Company's US-dollar denominated variable rate borrowings (Note 13).

As of December 31, 2012
Notional Value	Effective Date	Expiration Date	Fixed Rate (1)
(In $ millions)
1,100	January 2, 2012	January 2, 2014	1.71	%
500	January 2, 2014	January 2, 2016	1.02	%

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⁽¹⁾  Fixes the LIBOR portion of the Company's US-dollar denominated variable rate borrowings (Note 13).

Schedule of Interest Rate Swap Activity Recorded in the Consolidated Financial Statements

Interest rate swap activity is as follows:

	Year Ended December 31,
	2013		2012		2011
	(In $ millions)
Hedging activities - Interest expense	(11	)	(14	)	(55	)
Ineffective portion - Other income (expense), net	—		—		—

Schedule of Notional Amounts of Net Foreign Exchange Exposure by Currency

	2014 Maturity
	(In $ millions)
Currency
Brazilian real	(12	)
British pound sterling	(60	)
Canadian dollar	46
Chinese renminbi	(106	)
Euro	(228	)
Hungarian forint	9
Japanese yen	(3	)
Mexican peso	2
Singapore dollar	43
Swedish krona	(6	)
Other	—
Total	(315	)

Schedule of Notional Amounts of Foreign Currency Derivatives

Gross notional values of the foreign currency forwards and swaps are as follows:

	As of December 31,
	2013	2012
	(In $ millions)
Total	869	902

Schedule of Changes in Fair Value of Derivatives

Information regarding changes in the fair value of the Company’s derivative agreements is as follows:

	Year Ended December 31, 2013						Year Ended December 31, 2012						Year Ended December 31, 2011
	Gain (Loss) Recognized in Other Comprehensive Income (Loss)			Gain (Loss) Recognized in Earnings (Loss)			Gain (Loss) Recognized in Other Comprehensive Income (Loss)			Gain (Loss) Recognized in Earnings (Loss)			Gain (Loss) Recognized in Other Comprehensive Income (Loss)			Gain (Loss) Recognized in Earnings (Loss)
	(In $ millions)
Designated as Cash Flow Hedges
Interest rate swaps	(2	)	(1)	(11	)	(2)	(12	)	(3)	(14	)	(2)	(24	)	(4)	(55	)	(2)
Not Designated as Hedges
Interest rate swaps	—			—			—			(6	)	(5)	—			(4	)	(5)
Foreign currency forwards and swaps	—			(23	)	(6)	—			(6	)	(6)	—			16		(6)
Total	(2	)		(34	)		(12	)		(26	)		(24	)		(43	)

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⁽¹⁾  Amount excludes $3 million of tax expense recognized in Other comprehensive income (loss).

⁽²⁾  Amount represents reclassification from Accumulated other comprehensive income (loss), net and is included in Interest expense in the consolidated statements of operations.

⁽³⁾  Amount excludes $2 million of gains associated with the Company’s equity method investments’ derivative activity and $3 million of tax expense recognized in Other comprehensive income (loss).

⁽⁴⁾  Amount excludes $2 million of gains associated with the Company’s equity method investments’ derivative activity and $10 million of tax expense recognized in Other comprehensive income (loss).

⁽⁵⁾  Included in Interest expense in the consolidated statements of operations.

⁽⁶⁾  Included in Foreign exchange gain (loss), net for operating activity or Other income (expense), net for non-operating activity in the consolidated statements of operations.

Offsetting Assets

	As of December 31,
	2013	2012
	(In $ millions)
Derivative Assets
Gross amount recognized	1	2
Gross amount offset in the consolidated balance sheets	—	—
Net amount presented in the consolidated balance sheets	1	2
Gross amount not offset in the consolidated balance sheets	1	2
Net amount	—	—

Offsetting Liabilities

	As of December 31,
	2013	2012
	(In $ millions)
Derivative Liabilities
Gross amount recognized	16	32
Gross amount offset in the consolidated balance sheets	1	1
Net amount presented in the consolidated balance sheets	15	31
Gross amount not offset in the consolidated balance sheets	1	2
Net amount	14	29