Acquisitions, Dispositions and Plant Closures (Tables)

12 Months Ended

Dec. 31, 2018

Acquisitions, Dispositions and Plant Closures [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

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 11)	35
Goodwill (Note 11)(1)	84
Other assets	1
Total fair value of assets acquired	166
Trade payables - third party and affiliates	(8	)
Total debt (Note 14)	(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.

Schedule of Restructuring and Related Costs

The exit and shutdown costs related to this closure are as follows:

	Year Ended December 31, 2018
	(In $ millions)
Restructuring(1)	2
Accelerated depreciation expense	15
Loss on disposition of assets, net	1
Other	1
Total	19

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⁽¹⁾  Included in Other (charges) gains, net in the consolidated statement of operations (Note 18).