Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 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 September 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 9).

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 9).

Schedule of Notional Amounts of Foreign Currency Derivatives

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

	As of September 30, 2014	As of December 31, 2013
	(In $ millions)
Total	608	869

Schedule of Cross Currency Swap Derivatives [Table Text Block]

The cross-currency swap agreements are as follows:

As of September 30, 2014
Notional Value		Effective Date	Expiration Date	Fixed Rate
(In millions)				(In percentages)
$250	(1)	September 11, 2014	September 11, 2020	4.27
€193	(2)	September 11, 2014	September 11, 2020	2.63
$225	(1)	April 17, 2014	April 17, 2019	3.62
€162	(2)	April 17, 2014	April 17, 2019	2.77

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⁽¹⁾  Represents the notional amount due from the counterparty at the maturity of the contract.

⁽²⁾  Represents the notional amount due to the counterparty at the maturity of the contract.

Schedule of Changes in Fair Value of Derivatives

Information regarding changes in the fair value of the Company's derivative and non-derivative instruments is as follows:

	Three Months Ended September 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	)	(2)	(2	)	(5)	(3	)	(2)
Cross-currency swaps	(9	)	(1)	25		(3)	—			—
Total	(9	)		24			(2	)		(3	)
Designated as a Net Investment Hedge
3.250% Notes	9			—			—			—
Not Designated as Hedges
Foreign currency forwards and swaps	—			(4	)	(4)	—			(10	)	(4)

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⁽¹⁾  Excludes $3 million oftax benefit recognized in Other comprehensive income (loss).

⁽²⁾  Reclassified from Accumulated other comprehensive income (loss), net to Interest income (expense) in the unaudited interim consolidated statements of operations.

⁽³⁾  Included in Other income (expense), net for non-operating activity or Interest income (expense) for coupon interest in the unaudited interim consolidated statements of operations.

⁽⁴⁾  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.

⁽⁵⁾  Excludes $1 million of gains associated with the Company's equity method investments' derivative activity and $1 million of tax expense recognized in Other comprehensive income (loss).

	Nine Months Ended September 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)	(3	)	(3)	(1	)	(6)	(8	)	(3)
Cross-currency swaps	(13	)	(2)	28		(4)	—			—
Total	(14	)		25			(1	)		(8	)
Designated as a Net Investment Hedge
3.250% Notes	9			—			—			—
Not Designated as Hedges
Foreign currency forwards and swaps	—			(9	)	(5)	—			(14	)	(5)

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

⁽²⁾  Excludes $4 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 for non-operating activity or Interest income (expense) for coupon interest 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 $3 million of tax expense recognized in Other comprehensive income (loss).

Offsetting Assets

	As of September 30, 2014	As of December 31, 2013
	(In $ millions)
Derivative Assets
Gross amount recognized	33	1
Gross amount offset in the consolidated balance sheets	—	—
Net amount presented in the consolidated balance sheets	33	1
Gross amount not offset in the consolidated balance sheets	5	1
Net amount	28	—

Offsetting Liabilities

	As of September 30, 2014	As of December 31, 2013
	(In $ millions)
Derivative Liabilities
Gross amount recognized	24	16
Gross amount offset in the consolidated balance sheets	—	1
Net amount presented in the consolidated balance sheets	24	15
Gross amount not offset in the consolidated balance sheets	5	1
Net amount	19	14