Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2014

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
	Balance Sheet Classification	Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)		Total
		(In $ millions)
As of September 30, 2014
Mutual funds	Marketable securities, at fair value	36	—		36
Derivatives Designated as Cash Flow Hedges
Cross-currency swaps	Current Other assets	—	2		2
Cross-currency swaps	Noncurrent Other assets	—	27		27
Derivatives Not Designated as Hedges
Foreign currency forwards and swaps	Current Other assets	—	4		4
Total assets		36	33		69
Derivatives Designated as Cash Flow Hedges
Interest rate swaps	Current Other liabilities	—	(4	)	(4	)
Interest rate swaps	Noncurrent Other liabilities	—	(1	)	(1	)
Cross-currency swaps	Current Other liabilities	—	(2	)	(2	)
Cross-currency swaps	Noncurrent Other liabilities	—	(12	)	(12	)
Designated as a Net Investment Hedge
3.250% Notes(1)	Long-term Debt	—	—		—
Derivatives Not Designated as Hedges
Foreign currency forwards and swaps	Current Other liabilities	—	(5	)	(5	)
Total liabilities		—	(24	)	(24	)
As of December 31, 2013
Mutual funds	Marketable securities, at fair value	41	—		41
Derivatives Not Designated as Hedges
Foreign currency forwards and swaps	Current Other assets	—	1		1
Total assets		41	1		42
Derivatives Designated as Cash Flow Hedges
Interest rate swaps	Current Other liabilities	—	(5	)	(5	)
Interest rate swaps	Noncurrent Other liabilities	—	(3	)	(3	)
Derivatives Not Designated as Hedges
Interest rate swaps	Current Other liabilities	—	(2	)	(2	)
Foreign currency forwards and swaps	Current Other liabilities	—	(5	)	(5	)
Total liabilities		—	(15	)	(15	)

______________________________

⁽¹⁾  Included in the unaudited consolidated balance sheets at carrying amount.

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
		(In $ millions)
As of September 30, 2014
Cost investments	145	—	—	—
Insurance contracts in nonqualified trusts	57	57	—	57
Long-term debt, including current installments of long-term debt	3,264	3,028	268	3,296
As of December 31, 2013
Cost investments	145	—	—	—
Insurance contracts in nonqualified trusts	62	62	—	62
Long-term debt, including current installments of long-term debt	2,911	2,696	264	2,960