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Derivative Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2018
Derivative [Line Items]  
Schedule of Changes in Fair Value of Derivatives

Information regarding changes in the fair value of the Company's derivative and non-derivative instruments is as follows:
 
Gain (Loss) Recognized in Other Comprehensive Income (Loss)
 
Gain (Loss) Recognized in Earnings (Loss)
 
 
 
Three Months Ended September 30,
 
Statement of Operations Classification
 
2018
 
2017
 
2018
 
2017
 
 
(In $ millions)
 
 
Designated as Cash Flow Hedges
 
 
 
 
 
 
 
 
 
Commodity swaps
2

 
—

 
—

 
1

 
Cost of sales
Interest rate swaps
2

 
—

 
—

 
—

 
Interest expense
Foreign currency forwards
—

 
—

 
—

 
(1
)
 
Cost of sales
Total
4

 
—

 
—

 
—

 
 
 
 
 
 
 
 
 
 
 
 
Designated as Net Investment Hedges
 
 
 
 
 
 
 
 
 
Foreign currency denominated debt (Note 10)
9

 
(30
)
 
—

 
—

 
N/A
Total
9

 
(30
)
 
—

 
—

 
 
 
 
 
 
 
 
 
 
 
 
Not Designated as Hedges
 
 
 
 
 
 
 
 
 
Foreign currency forwards and swaps
—

 
—

 
(2
)
 
—

 
Foreign exchange gain (loss), net; Other income (expense), net
Total
—

 
—

 
(2
)
 
—

 
 
 
Gain (Loss) Recognized in Other Comprehensive Income (Loss)
 
Gain (Loss) Recognized in Earnings (Loss)
 
 
 
Nine Months Ended September 30,
 
Statement of Operations Classification
 
2018
 
2017
 
2018
 
2017
 
 
(In $ millions)
 
 
Designated as Cash Flow Hedges
 
 
 
 
 
 
 
 
 
Commodity swaps
6

 
1

 
1

 
3

 
Cost of sales
Interest rate swaps
2

 
—

 
—

 
—

 
Interest expense
Foreign currency forwards
1

 
(1
)
 
—

 
(1
)
 
Cost of sales
Total
9

 
—

 
1

 
2

 
 
 
 
 
 
 
 
 
 
 
 
Designated as Net Investment Hedges
 
 
 
 
 
 
 
 
 
Foreign currency denominated debt (Note 10)
44

 
(99
)
 
—

 
—

 
N/A
Total
44

 
(99
)
 
—

 
—

 
 
 
 
 
 
 
 
 
 
 
 
Not Designated as Hedges
 
 
 
 
 
 
 
 
 
Foreign currency forwards and swaps
—

 
—

 
15

 
(2
)
 
Foreign exchange gain (loss), net; Other income (expense), net
Total
—

 
—

 
15

 
(2
)
 
 
Offsetting Assets
Information regarding the gross amounts of the Company's derivative instruments and the amounts offset in the unaudited consolidated balance sheets is as follows:
 
As of
September 30,
2018
 
As of
December 31,
2017
 
(In $ millions)
Derivative Assets
 
 
 
Gross amount recognized
24

 
13

Gross amount offset in the consolidated balance sheets
9

 
4

Net amount presented in the consolidated balance sheets
15

 
9

Gross amount not offset in the consolidated balance sheets
2

 
3

Net amount
13

 
6
Offsetting Liabilities
 
As of
September 30,
2018
 
As of
December 31,
2017
 
(In $ millions)
Derivative Liabilities
 
 
 
Gross amount recognized
12

 
7

Gross amount offset in the consolidated balance sheets
9

 
4

Net amount presented in the consolidated balance sheets
3

 
3

Gross amount not offset in the consolidated balance sheets
2

 
3

Net amount
1

 
—
Net Investment Hedging [Member]  
Derivative [Line Items]  
Schedule of Notional Amounts of Derivative and Nonderivative Instruments
The total notional amount of foreign currency denominated debt designated as a net investment hedge of net investments in foreign operations are as follows:
 
As of
September 30,
2018
 
As of
December 31,
2017
 
(In € millions)
Total
1,050

 
1,050
Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]  
Derivative [Line Items]  
Schedule of Notional Amounts of Derivative and Nonderivative Instruments
The total notional amount of the forward-starting interest rate swap designated as a cash flow hedge is as follows:
 
As of
September 30,
2018
 
As of
December 31,
2017
 
(In $ millions)
Total
400

 
—
Not Designated as Hedging Instrument [Member]  
Derivative [Line Items]  
Schedule of Notional Amounts of Derivative and Nonderivative Instruments
Gross notional values of the foreign currency forwards and swaps not designated as hedges are as follows:
 
As of
September 30,
2018
 
As of
December 31,
2017
 
(In $ millions)
Total
693

 
740