Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2015

Fair Value Disclosures [Abstract]

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

	Fair Value Measurement										Balance Sheet Classification
	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)				Total
	As of December 31,
	2015	2014	2015		2014		2015		2014
	(In $ millions)
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	—	—	2		3		2		3		Current Other assets
Total assets	—	—	2		55		2		55
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
Term C-2 and Term C-3 loans(1)	—	—	—		—		—		—		Long-term Debt
Derivatives Not Designated as Hedges
Interest rate swaps	—	—	—		(4	)	—		(4	)	Current Other liabilities
Foreign currency forwards and swaps	—	—	(2	)	(7	)	(2	)	(7	)	Current Other liabilities
Total liabilities	—	—	(2	)	(23	)	(2	)	(23	)

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⁽¹⁾  Includedin the consolidated balance sheets at carrying amount. During the three months ended December 31, 2015, the Company dedesignated the Euro-based principal amount of its Term C-3 loan as a net investment hedge.

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
	As of December 31,
	2015	2014	2015	2014	2015	2014	2015	2014
	(In $ millions)
Cost investments	151	145	—	—	—	—	—	—
Insurance contracts in nonqualified trusts	55	56	55	56	—	—	55	56
Long-term debt, including current installments of long-term debt	2,542	2,633	2,348	2,398	238	260	2,586	2,658