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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2019
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis
 
Fair Value Measurement
 
Balance Sheet Classification
 
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
 
Significant
Other
Observable
Inputs
(Level 2)
 
Total
 
 
As of December 31,
 
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
 
 
(In $ millions)
 
 
Derivatives Designated as Cash Flow Hedges
 
 
 
 
 
 
 
 
 
 
 
 
 
Commodity swaps

 

 

 
1

 

 
1

 
Current Other assets
Designated as Net Investment Hedges
 
 
 
 
 
 
 
 
 
 
 
 
 
Cross-currency swaps

 

 
13

 

 
13

 

 
Current Other assets
Derivatives Not Designated as Hedges
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency forwards and swaps

 

 
2

 
8

 
2

 
8

 
Current Other assets
Total assets

 

 
15

 
9

 
15

 
9

 
 
Derivatives Designated as Cash Flow Hedges
 

 
 
 
 

 
 
 
 

 
 
 
 
Commodity swaps

 

 
(4
)
 

 
(4
)
 

 
Current Other liabilities
Commodity swaps

 

 
(3
)
 
(1
)
 
(3
)
 
(1
)
 
Noncurrent Other liabilities
Interest rate swaps

 

 
(40
)
 
(10
)
 
(40
)
 
(10
)
 
Noncurrent Other liabilities
Derivatives Designated as a Net Investment Hedges
 
 
 
 
 
 
 
 
 
 
 
 
 
Cross-currency swaps

 

 
(1
)
 

 
(1
)
 

 
Current Other liabilities
Cross-currency swaps

 

 
(7
)
 

 
(7
)
 

 
Noncurrent Other liabilities
Derivatives Not Designated as Hedges
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency forwards and swaps

 

 
(3
)
 
(7
)
 
(3
)
 
(7
)
 
Current Other liabilities
Total liabilities

 

 
(58
)
 
(18
)
 
(58
)
 
(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
 
As of December 31,
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
 
2019
 
2018
 
(In $ millions)
Equity investments without readily determinable fair values
170

 
164

 

 

 

 

 

 

Insurance contracts in nonqualified trusts
35

 
37

 
35

 
37

 

 

 
35

 
37

Long-term debt, including current installments of long-term debt
3,455

 
3,355

 
3,456

 
3,204

 
143

 
168

 
3,599

 
3,372