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Stockholders' Equity (Tables)
 9 Months Ended
Sep. 30, 2014
Stockholders' Equity Note [Abstract]  
Schedule of Dividend Increases
The Company's 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 2013
20
 
0.09
 
0.36
 
May 2013
July 2013
100
 
0.18
 
0.72
 
August 2013
April 2014
39
 
0.25
 
1.00
 
May 2014
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

February 2014
172

As of September 30, 2014
1,065


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:
 

Nine Months Ended
September 30,
 
Total From
February 2008
Through
September 30, 2014
 
 
2014
 
2013
 
 
Shares repurchased
3,515,301

 
2,096,320

(1) 
19,844,008

(2) 
Average purchase price per share
$
57.19

 
$
48.58

 
$
43.64

 
Amount spent on repurchased shares (in millions)
$
201

 
$
102

 
$
866

 
______________________________
(1) 
Excludes 6,021 shares withheld from an executive officer to cover statutory minimum withholding requirements for personal income taxes related to the vesting of restricted stock. Restricted stock awards are considered outstanding at the time of issuance. Accordingly, 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. Restricted stock awards are considered outstanding at the time of issuance. Accordingly, the shares withheld are treated as treasury shares.
Schedule of Components of Other Comprehensive Income (Loss), Net
Other Comprehensive Income (Loss), Net
 
Three Months Ended September 30,
 
2014
 
2013
 
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
(127
)
 
3

 
(124
)
 
44

 
(2
)
 
42

Gain (loss) from cash flow hedges
(8
)

3

 
(5
)
 
2

(2) 
(1
)
 
1

Pension and postretirement benefits
(16
)
 
8

 
(8
)
 
—


—

 
—

Total
(151
)
 
14

 
(137
)
 
47

 
(3
)
 
44

______________________________
(1) 
Amount includes $1 million of unrealized gains related to the Company's equity method investments.
(2) 
Amount includes $1 million of gains associated with the Company's equity method investments.
 
Nine Months Ended September 30,
 
2014
 
2013
 
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
(142
)
 
1

 
(141
)
 
41

 
(4
)
 
37

Gain (loss) from cash flow hedges
(11
)
 
—

 
(11
)
 
7

 
(3
)
 
4

Pension and postretirement benefits
(57
)
 
23

 
(34
)
 
—

(2) 
—

 
—

Total
(210
)
 
24

 
(186
)
 
49

 
(7
)
 
42


______________________________
(1) 
Amount includes $1 million of unrealized gains related to the Company's equity method investments.
(2) 
Amount includes amortization of actuarial gains of $1 million related to the Company's equity method investments.
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)
from Cash
Flow
Hedges
 
Pension
and
Postretire-
ment
Benefits
 
Accumulated
Other
Comprehensive
Income
(Loss), Net
 
(In $ millions)
As of December 31, 2013
—

 
(3
)
 
(44
)
 
43

 
(4
)
Other comprehensive income before reclassifications
—

 
(142
)
 
(14
)
 
—

 
(156
)
Amounts reclassified from accumulated other comprehensive income (loss)
—

 
—

 
3


(57
)

(54
)
Income tax (provision) benefit
—

 
1

 
—

 
23

 
24

As of September 30, 2014
—

 
(144
)
 
(55
)
 
9

 
(190
)