Debt (Tables)

9 Months Ended

Sep. 30, 2015

Debt Disclosure [Abstract]

Schedule of Short-term Debt

	As of September 30, 2015	As of December 31, 2014
	(In $ millions)
Short-Term Borrowings and Current Installments of Long-Term Debt - Third Party and Affiliates
Current installments of long-term debt	26	25
Short-term borrowings, including amounts due to affiliates(1)	62	77
Revolving credit facility(2)	345	—
Accounts receivable securitization facility(3)	30	35
Total	463	137

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⁽¹⁾  The weighted average interest rate was 3.8% and 4.7% as of September 30, 2015 and December 31, 2014, respectively.

⁽²⁾  The weighted average interest rate was 1.7% and 0.0% as of September 30, 2015 and December 31, 2014, respectively.

⁽³⁾  The weighted average interest rate was 0.7% as of September 30, 2015 and December 31, 2014.

Schedule of Long-term Debt

	As of September 30, 2015		As of December 31, 2014
	(In $ millions)
Long-Term Debt
Senior credit facilities - Term C-2 loan due 2016	31		34
Senior credit facilities - Term C-3 loan due 2018	884		906
Senior unsecured notes due 2019, interest rate of 3.250%	336		364
Senior unsecured notes due 2021, interest rate of 5.875%	400		400
Senior unsecured notes due 2022, interest rate of 4.625%	500		500
Pollution control and industrial revenue bonds due at various dates through 2030, interest rates ranging from 5.7% to 6.7%	169		169
Obligations under capital leases due at various dates through 2054	247		260
Subtotal	2,567		2,633
Current installments of long-term debt	(26	)	(25	)
Total	2,541		2,608

Schedule of Senior Notes

The Company has outstanding senior unsecured notes issued in public offerings registered under the Securities Act of 1933, as amended, as follows (collectively, the "Senior Notes"):

Senior Notes	Issue Date	Principal	Interest Rate	Interest Pay Dates		Maturity Date
		(In millions)	(In percentages)
3.250% Notes	September 2014	€300	3.250	April 15	October 15	October 15, 2019
4.625% Notes	November 2012	$500	4.625	March 15	September 15	November 15, 2022
5.875% Notes	May 2011	$400	5.875	June 15	December 15	June 15, 2021

Schedule of First Lien Senior Secured Leverage Ratios

The Company's amended first lien senior secured leverage ratios under the revolving credit facility are as follows:

As of September 30, 2015
Maximum	Estimate	Estimate, If Fully Drawn
3.90	0.88	1.25

Schedule of Balances Available for Borrowing

The Company's balances available for borrowing are as follows:

	As of September 30, 2015
	(In $ millions)
Revolving Credit Facility
Borrowings outstanding	345	(1)
Letters of credit issued	—
Available for borrowing	555
Accounts Receivable Securitization Facility
Borrowings outstanding	30	(2)
Letters of credit issued	74
Available for borrowing	5
Total borrowing base	109
Maximum borrowing base	135	(3)

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⁽¹⁾  The Company borrowed $475 million and repaid $130 million during the nine months endedSeptember 30, 2015. Borrowings were primarily used to fund repurchases of the Company's Series A common stock, par value $0.0001 per share ("Common Stock").

⁽²⁾  The Company repaid $15 million of borrowings outstanding during the nine months endedSeptember 30, 2015.

⁽³⁾  Outstanding accounts receivable transferred by the Originators to the Transferor was $152 million.