Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2016

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,
	2016	2015	2016		2015		2016		2015
	(In $ millions)
Derivatives Designated as Cash Flow Hedges
Commodity swaps	—	—	5		—		5		—		Current Other assets
Derivatives Not Designated as Hedges
Foreign currency forwards and swaps	—	—	5		2		5		2		Current Other assets
Total assets	—	—	10		2		10		2
Designated as a Net Investment Hedge
Foreign currency denominated debt(1)	—	—	—		—		—		—		Long-term Debt
Derivatives Not Designated as Hedges
Foreign currency forwards and swaps	—	—	(3	)	(2	)	(3	)	(2	)	Current Other liabilities
Total liabilities	—	—	(3	)	(2	)	(3	)	(2	)

______________________________

⁽¹⁾  Includedin the 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
	As of December 31,
	2016	2015	2016	2015	2016	2015	2016	2015
	(In $ millions)
Cost investments	155	151	—	—	—	—	—	—
Insurance contracts in nonqualified trusts	49	55	49	55	—	—	49	55
Long-term debt, including current installments of long-term debt	2,938	2,542	2,826	2,348	217	238	3,043	2,586