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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2013
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
 
2013
 
2012
 
2013
 
2012
 
2013
 
2012
 
 
 
(In $ millions)
 
 
Mutual funds
Marketable securities, at fair value
 
41

 
53

 

 

 
41

 
53

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

 

 
1

 
2

 
1

 
2

Total assets
 
41

 
53

 
1

 
2

 
42

 
55

Derivatives Designated as Cash Flow Hedges
 
 
 

 
 
 
 

 
 
 
 
 
 
Interest rate swaps
Current Other liabilities
 

 

 
(5
)
 
(10
)
 
(5
)
 
(10
)
Interest rate swaps
Noncurrent Other liabilities
 

 

 
(3
)
 
(7
)
 
(3
)
 
(7
)
Derivatives Not Designated as Hedges
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
Current Other liabilities
 

 

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

 

 

 
(1
)
 

 
(1
)
Foreign currency forwards and swaps
Current Other liabilities
 

 

 
(5
)
 
(8
)
 
(5
)
 
(8
)
Total liabilities
 

 

 
(15
)
 
(31
)
 
(15
)
 
(31
)
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 are as follows:
 
 
 
 
 
Fair Value Measurement
 
Carrying
Amount
 
Significant
Other
Observable
Inputs
(Level 2)
 
Unobservable
Inputs
(Level 3)
 
Total
 
As of December 31,
 
2013
 
2012
 
2013
 
2012
 
2013
 
2012
 
2013
 
2012
 
(In $ millions)
Cost investments
145

 
156

 

 

 

 

 

 

Insurance contracts in nonqualified trusts
62

 
66

 
62

 
66

 

 

 
62

 
66

Long-term debt, including current installments of long-term debt
2,911

 
2,990

 
2,747

 
2,886

 
264

 
244

 
3,011

 
3,130