Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2014

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Interest Rate Swap Derivatives

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

As of June 30, 2014
Notional Value	Effective Date	Expiration Date	Fixed Rate (1)
(In $ millions)			(In percentages)
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 10).

As of December 31, 2013
Notional Value	Effective Date	Expiration Date	Fixed Rate (1)
(In $ millions)			(In percentages)
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 10).

Schedule of Notional Amounts of Foreign Currency Derivatives

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

	As of June 30, 2014	As of December 31, 2013
	(In $ millions)
Total	748	869

Schedule of Cross Currency Swap Derivatives [Table Text Block]

The cross-currency swap agreement is as follows:

As of June 30, 2014
Notional Value	Effective Date	Expiration Date	Fixed Rate
(In millions)			(In percentages)
$225	April 17, 2014	April 17, 2019	3.62
€162	April 17, 2014	April 17, 2019	2.77

Schedule of Changes in Fair Value of Derivatives

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

	Three Months Ended June 30,
	2014						2013
	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	(1	)	(1)	(2	)	(3)	1	(6)	(3	)	(3)
Cross-currency swap	(4	)	(2)	3		(4)	—		—
Not Designated as Hedges
Foreign currency forwards and swaps	—			(3	)	(5)	—		(7	)	(5)
Total	(5	)		(2	)		1		(10	)

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⁽¹⁾  Excludes $1 million of tax expense recognized in Other comprehensive income (loss).

⁽²⁾  Excludes $1 million oftax benefit recognized in Other comprehensive income (loss).

⁽³⁾  Reclassified from Accumulated other comprehensive income (loss), net to Interest income (expense) in the unaudited interim consolidated statements of operations.

⁽⁴⁾  Included in Other income (expense), net in the unaudited interim consolidated statements of operations.

⁽⁵⁾  Included in Foreign exchange gain (loss), net for operating activity or Other income (expense), net for non-operating activity in the unaudited interim consolidated statements of operations.

⁽⁶⁾  Excludes $1 million of losses associated with the Company's equity method investments' derivative activity and $1 million of tax expense recognized in Other comprehensive income (loss).

	Six Months Ended June 30,
	2014						2013
	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	(1	)	(1)	(2	)	(3)	1	(6)	(5	)	(3)
Cross-currency swap	(4	)	(2)	3		(4)	—		—
Not Designated as Hedges
Foreign currency forwards and swaps	—			(5	)	(5)	—		(4	)	(5)
Total	(5	)		(4	)		1		(9	)

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⁽¹⁾ Excludes $4 million of tax expense recognized in Other comprehensive income (loss).

⁽²⁾  Excludes $1 million of tax benefit recognized in Other comprehensive income (loss).

⁽³⁾  Reclassified from Accumulated other comprehensive income (loss), net to Interest income (expense) in the unaudited interim consolidated statements of operations.

⁽⁴⁾  Included in Other income (expense), net in the unaudited interim consolidated statements of operations.

⁽⁵⁾  Included in Foreign exchange gain (loss), net for operating activity or Other income (expense), net for non-operating activity in the unaudited interim consolidated statements of operations.

⁽⁶⁾  Excludes $1 million of losses associated with the Company's equity method investments' derivative activity and $2 million of tax expense recognized in Other comprehensive income (loss).

Offsetting Assets

	As of June 30, 2014	As of December 31, 2013
	(In $ millions)
Derivative Assets
Gross amount recognized	6	1
Gross amount offset in the consolidated balance sheets	—	—
Net amount presented in the consolidated balance sheets	6	1
Gross amount not offset in the consolidated balance sheets	2	1
Net amount	4	—

Offsetting Liabilities

	As of June 30, 2014	As of December 31, 2013
	(In $ millions)
Derivative Liabilities
Gross amount recognized	13	16
Gross amount offset in the consolidated balance sheets	—	1
Net amount presented in the consolidated balance sheets	13	15
Gross amount not offset in the consolidated balance sheets	2	1
Net amount	11	14