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Debt (Tables)
 9 Months Ended
Sep. 30, 2019
Line of Credit Facility [Line Items]  
Schedule of Short-term Debt
 
As of
September 30,
2019
 
As of
December 31,
2018
 
(In $ millions)
Short-Term Borrowings and Current Installments of Long-Term Debt - Third Party and Affiliates
 
 
 
Current installments of long-term debt
26

 
367

Short-term borrowings, including amounts due to affiliates(1)
68

 
77

Revolving credit facility(2)
159

 
40

Accounts receivable securitization facility(3)
115

 
77

Total
368

 
561

______________________________
(1) 
The weighted average interest rate was 2.9% and 3.2% as of September 30, 2019 and December 31, 2018, respectively.
(2) 
The weighted average interest rate was 1.3% and 6.0% as of September 30, 2019 and December 31, 2018, respectively.
(3) 
The weighted average interest rate was 2.9% and 3.1% as of September 30, 2019 and December 31, 2018, respectively.
Schedule of Long-term Debt
 
As of
September 30,
2019
 
As of
December 31,
2018
 
(In $ millions)
Long-Term Debt
 
 
 
Senior unsecured notes due 2019, interest rate of 3.250%
—

 
343

Senior unsecured notes due 2021, interest rate of 5.875%
400

 
400

Senior unsecured notes due 2022, interest rate of 4.625%
500

 
500

Senior unsecured notes due 2023, interest rate of 1.125%
816

 
857

Senior unsecured notes due 2024, interest rate of 3.500%
499

 
—

Senior unsecured notes due 2025, interest rate of 1.250%
326

 
343

Senior unsecured notes due 2027, interest rate of 2.125%
541

 
568

Pollution control and industrial revenue bonds due at various dates through 2030, interest rates ranging from 4.05% to 5.00%
167

 
167

Nilit bank loans due at various dates through 2026(1)
9

 
10

Obligations under finance leases due at various dates through 2054
146

 
167

Subtotal
3,404

 
3,355

Unamortized debt issuance costs(2)
(19
)
 
(18
)
Current installments of long-term debt
(26
)
 
(367
)
Total
3,359

 
2,970

______________________________
(1) 
The weighted average interest rate was 1.3% and 1.3% as of September 30, 2019 and December 31, 2018, respectively.
(2) 
Related to the Company's long-term debt, excluding obligations under finance leases
Accounts Receivable Securitization Facility [Member]  
Line of Credit Facility [Line Items]  
Schedule of Balances Available for Borrowing
The Company's debt balances and amounts available for borrowing under its securitization facility are as follows:
 
As of
September 30,
2019
 
(In $ millions)
Accounts Receivable Securitization Facility
 
Borrowings outstanding
115

Letters of credit issued
—

Available for borrowing
5

Total borrowing base
120

 
 
Maximum borrowing base(1)
120

______________________________
(1) 
Outstanding accounts receivable transferred to the SPE was $182 million.
Revolving Credit Facility [Member]  
Line of Credit Facility [Line Items]  
Schedule of Balances Available for Borrowing
The Company's debt balances and amounts available for borrowing under its senior unsecured revolving credit facility are as follows:
 
As of
September 30,
2019
 
(In $ millions)
Revolving Credit Facility
 
Borrowings outstanding(1)
159

Letters of credit issued
—

Available for borrowing(2)
1,091

______________________________
(1) 
The Company borrowed $982 million and repaid $856 million under its senior unsecured revolving credit facility during the nine months ended September 30, 2019.
(2) 
The margin for borrowings under the senior unsecured revolving credit facility was 1.25% above LIBOR or EURIBOR at current Company credit ratings