Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2019

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis

	Fair Value Measurement
	Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)		Total		Balance Sheet Classification
	(In $ millions)
As of March 31, 2019
Derivatives Designated as Cash Flow Hedges
Commodity swaps	—	7		7		Current Other assets
Commodity swaps	—	2		2		Noncurrent Other assets
Derivatives Not Designated as Hedges
Foreign currency forwards and swaps	—	4		4		Current Other assets
Total assets	—	13		13
Derivatives Designated as Cash Flow Hedges
Interest rate swap	—	(21	)	(21	)	Noncurrent Other liabilities
Derivatives Not Designated as Hedges
Foreign currency forwards and swaps	—	(4	)	(4	)	Current Other liabilities
Total liabilities	—	(25	)	(25	)
As of December 31, 2018
Derivatives Designated as Cash Flow Hedges
Commodity swaps	—	1		1		Current Other assets
Derivatives Not Designated as Hedges
Foreign currency forwards and swaps	—	8		8		Current Other assets
Total assets	—	9		9
Derivatives Designated as Cash Flow Hedges
Commodity swaps	—	(1	)	(1	)	Noncurrent Other liabilities
Interest rate swaps	—	(10	)	(10	)	Noncurrent Other liabilities
Derivatives Not Designated as Hedges
Foreign currency forwards and swaps	—	(7	)	(7	)	Current Other liabilities
Total liabilities	—	(18	)	(18	)

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
	(In $ millions)
As of March 31, 2019
Equity investments without readily determinable fair values	170	—	—	—
Insurance contracts in nonqualified trusts	35	35	—	35
Long-term debt, including current installments of long-term debt	3,313	3,227	163	3,390
As of December 31, 2018
Equity investments without readily determinable fair values	164	—	—	—
Insurance contracts in nonqualified trusts	37	37	—	37
Long-term debt, including current installments of long-term debt	3,355	3,204	167	3,371