Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2015

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis

	Fair Value Measurement
	Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)		Total		Balance Sheet Classification
	(In $ millions)
As of September 30, 2015
Mutual funds	30	—		30		Marketable securities, at fair value
Derivatives Not Designated as Hedges
Foreign currency forwards and swaps	—	2		2		Current Other assets
Total assets	30	2		32
Designated as Net Investment Hedges
3.250% Notes(1)	—	—		—		Long-term Debt
Term C-2 and Term C-3 loans(1)	—	—		—		Long-term Debt
Derivatives Not Designated as Hedges
Interest rate swaps	—	(1	)	(1	)	Current Other liabilities
Foreign currency forwards and swaps	—	(5	)	(5	)	Current Other liabilities
Total liabilities	—	(6	)	(6	)
As of December 31, 2014
Mutual funds	32	—		32		Marketable securities, at fair value
Derivatives Designated as Cash Flow Hedges
Cross-currency swaps	—	9		9		Current Other assets
Cross-currency swaps	—	43		43		Noncurrent Other assets
Derivatives Not Designated as Hedges
Foreign currency forwards and swaps	—	3		3		Current Other assets
Total assets	32	55		87
Derivatives Designated as Cash Flow Hedges
Cross-currency swaps	—	(2	)	(2	)	Current Other liabilities
Cross-currency swaps	—	(10	)	(10	)	Noncurrent Other liabilities
Designated as a Net Investment Hedge
3.250% Notes(1)	—	—		—		Long-term Debt
Derivatives Not Designated as Hedges
Interest rate swaps	—	(4	)	(4	)	Current Other liabilities
Foreign currency forwards and swaps	—	(7	)	(7	)	Current Other liabilities
Total liabilities	—	(23	)	(23	)

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⁽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, 2015
Cost investments	147	—	—	—
Insurance contracts in nonqualified trusts	48	48	—	48
Long-term debt, including current installments of long-term debt	2,567	2,301	247	2,548
As of December 31, 2014
Cost investments	145	—	—	—
Insurance contracts in nonqualified trusts	56	56	—	56
Long-term debt, including current installments of long-term debt	2,633	2,398	260	2,658