Acquisitions, Dispositions and Plant Closures (Tables)

3 Months Ended

Mar. 31, 2018

Acquisitions, Dispositions and Plant Closures [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The preliminary purchase price allocation for the Omni Plastics acquisition is as follows:

	As of February 1, 2018
	(In $ millions)
Cash and cash equivalents	2
Trade receivables - third party and affiliates	12
Inventories	13
Property, plant and equipment, net	19
Intangible assets (Note 7)	35
Goodwill(1) (Note 7)	84
Other assets	1
Total fair value of assets acquired	166
Trade payables - third party and affiliates	(8	)
Total debt	(12	)
Total fair value of liabilities assumed	(20	)
Net assets acquired	146

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⁽¹⁾  Goodwill consists of expected revenue and operating synergies resulting from the acquisition, all of which is deductible for income tax purposes.