Leases (Tables)

3 Months Ended

Mar. 31, 2019

Leases [Abstract]

Lease, Cost [Table Text Block]

The components of lease expense are as follows:

	Three Months Ended March 31, 2019	Statement of Operations Classification
	(In $ millions)
Lease Cost
Operating lease cost	10	Cost of sales / Selling, general and administrative expenses
Short-term lease cost	5	Cost of sales / Selling, general and administrative expenses
Variable lease cost	2	Cost of sales / Selling, general and administrative expenses
Finance lease cost
Amortization of leased assets	5	Cost of sales
Interest on lease liabilities	5	Interest expense
Sublease income	—	Other income (expense), net
Total net lease cost	27

Assets and liabilities, lessee [Table Text Block]

Supplemental unaudited consolidated balance sheet information related to leases is as follows:

	As of March 31, 2019	Balance Sheet Classification
	(In $ millions)
Leases
Assets
Operating lease assets	210	Operating lease ROU assets
Finance lease assets	101	Property, plant and equipment, net
Total leased assets	311
Liabilities
Current
Operating	32	Current Other liabilities
Finance	24	Short-term borrowings and current installments of long-term debt
Noncurrent
Operating	193	Operating lease liabilities
Finance	139	Long-term debt
Total lease liabilities	388

Supplemental lease information [Table Text Block]

	As of March 31, 2019
Weighted-Average Remaining Lease Term (years)
Operating leases	15.1
Finance leases	7.2
Weighted-Average Discount Rate
Operating leases	2.7	%
Finance leases	11.7	%

CashFlowLessee [Table Text Block]

Supplemental unaudited interim consolidated cash flow information related to leases is as follows:

	Three Months Ended March 31, 2019
	(In $ millions)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	10
Operating cash flows from finance leases	5
Financing cash flows from finance leases	6
ROU assets obtained in exchange for new finance lease liabilities	—
ROU assets obtained in exchange for new operating lease liabilities	—

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

are as follows:

	As of March 31, 2019
	Operating Leases		Finance Leases
	(In $ millions)
2019	29		31
2020	34		43
2021	25		41
2022	21		32
2023	19		23
Later years	147		88
Sublease income	—		—
Total lease payments	275		258
Less amounts representing interest	(50	)	(95	)
Total lease obligations	225		163

Finance Lease, Liability, Maturity [Table Text Block]

are as follows:

	As of March 31, 2019
	Operating Leases		Finance Leases
	(In $ millions)
2019	29		31
2020	34		43
2021	25		41
2022	21		32
2023	19		23
Later years	147		88
Sublease income	—		—
Total lease payments	275		258
Less amounts representing interest	(50	)	(95	)
Total lease obligations	225		163

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

Future minimum lease payments under non-cancelable rental and lease agreements which had initial or remaining terms in excess of one year are as follows:

	As of December 31, 2018
	Operating Leases	Capital Leases
	(In $ millions)
2019	43	42
2020	34	42
2021	25	40
2022	23	32
2023	21	23
Later years	130	88
Sublease income	—	—
Minimum lease commitments	276	267
Less amounts representing interest		(100	)
Present value of net minimum lease obligations		167

Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]

Future minimum lease payments under non-cancelable rental and lease agreements which had initial or remaining terms in excess of one year are as follows:

	As of December 31, 2018
	Operating Leases	Capital Leases
	(In $ millions)
2019	43	42
2020	34	42
2021	25	40
2022	23	32
2023	21	23
Later years	130	88
Sublease income	—	—
Minimum lease commitments	276	267
Less amounts representing interest		(100	)
Present value of net minimum lease obligations		167