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Leases (Tables)

9 Months Ended

Sep. 30, 2019

The components of lease expense are as follows:



	Three Months Ended September 30,	Nine Months Ended September 30,	Statement of Operations Classification
	2019
	(In $ millions)
Lease Cost
Operating lease cost	10	30	Cost of sales / Selling, general and administrative expenses
Short-term lease cost	6	16	Cost of sales / Selling, general and administrative expenses
Variable lease cost	2	6	Cost of sales / Selling, general and administrative expenses
Finance lease cost
Amortization of leased assets	5	14	Cost of sales
Interest on lease liabilities	4	14	Interest expense
Sublease income	—	—	Other income (expense), net
Total net lease cost	27	80

Assets and liabilities, lessee [Table Text Block]

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



	As of September 30, 2019	Balance Sheet Classification
	(In $ millions)
Leases
Assets
Operating lease assets	206	Operating lease ROU assets
Finance lease assets	87	Property, plant and equipment, net
Total leased assets	293

Liabilities
Current
Operating	31	Current Other liabilities
Finance	24	Short-term borrowings and current installments of long-term debt
Noncurrent
Operating	182	Operating lease liabilities
Finance	122	Long-term debt
Total lease liabilities	359

Supplemental lease information [Table Text Block]



	As of September 30, 2019
Weighted-Average Remaining Lease Term (years)
Operating leases	14.9
Finance leases	7.0

Weighted-Average Discount Rate
Operating leases	2.7	%
Finance leases	11.6	%

CashFlowLessee [Table Text Block]

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



	Nine Months Ended September 30, 2019
	(In $ millions)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	28
Operating cash flows from finance leases	15
Financing cash flows from finance leases	17

ROU assets obtained in exchange for finance lease liabilities	—
ROU assets obtained in exchange for operating lease liabilities	9

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

Maturities of lease liabilities are as follows:



	As of September 30, 2019
	Operating Leases		Finance Leases
	(In $ millions)
2019	10		11
2020	34		40
2021	26		39
2022	23		30
2023	20		22
Later years	146		86
Sublease income	—		—
Total lease payments	259		228
Less amounts representing interest	(46	)	(82	)
Total lease obligations	213		146

Finance Lease, Liability, Maturity [Table Text Block]

Maturities of lease liabilities are as follows:



	As of September 30, 2019
	Operating Leases		Finance Leases
	(In $ millions)
2019	10		11
2020	34		40
2021	26		39
2022	23		30
2023	20		22
Later years	146		86
Sublease income	—		—
Total lease payments	259		228
Less amounts representing interest	(46	)	(82	)
Total lease obligations	213		146

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