Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2020

Derivative [Line Items]

Schedule of Changes in Fair Value of Derivatives

Information regarding changes in the fair value of the Company's derivative and non-derivative instruments is as follows:

	Gain (Loss) Recognized in Other Comprehensive Income (Loss)				Gain (Loss) Recognized in Earnings (Loss)
	Three Months Ended June 30,							Statement of Operations Classification
	2020		2019		2020		2019
	(In $ millions)
Designated as Cash Flow Hedges
Commodity swaps	3		(2	)	—		2	Cost of sales
Interest rate swaps	(2	)	(15	)	—		—	Interest expense
Total	1		(17	)	—		2
Designated as Net Investment Hedges
Foreign currency denominated debt (Note 8)	(22	)	(13	)	—		—	N/A
Cross-currency swaps	(8	)	(6	)	—		—	N/A
Total	(30	)	(19	)	—		—
Not Designated as Hedges
Foreign currency forwards and swaps	—		—		(1	)	3	Foreign exchange gain (loss), net; Other income (expense), net
Total	—		—		(1	)	3

	Gain (Loss) Recognized in Other Comprehensive Income (Loss)				Gain (Loss) Recognized in Earnings (Loss)
	Six Months Ended June 30,						Statement of Operations Classification
	2020		2019		2020	2019
	(In $ millions)
Designated as Cash Flow Hedges
Commodity swaps	3		8		—	4	Cost of sales
Interest rate swaps	(53	)	(26	)	—	—	Interest expense
Total	(50	)	(18	)	—	4
Designated as Net Investment Hedges
Foreign currency denominated debt (Note 8)	15		26		—	—	N/A
Cross-currency swaps	22		(6	)	—	—	N/A
Total	37		20		—	—
Not Designated as Hedges
Foreign currency forwards and swaps	—		—		18	—	Foreign exchange gain (loss), net; Other income (expense), net
Total	—		—		18	—

Offsetting Assets

Information regarding the gross amounts of the Company's derivative instruments and the amounts offset in the unaudited consolidated balance sheets is as follows:

	As of June 30, 2020	As of December 31, 2019
	(In $ millions)
Derivative Assets
Gross amount recognized	39	16
Gross amount offset in the consolidated balance sheets	5	1
Net amount presented in the consolidated balance sheets	34	15
Gross amount not offset in the consolidated balance sheets	1	8
Net amount	33	7

Offsetting Liabilities

	As of June 30, 2020	As of December 31, 2019
	(In $ millions)
Derivative Liabilities
Gross amount recognized	105	59
Gross amount offset in the consolidated balance sheets	5	1
Net amount presented in the consolidated balance sheets	100	58
Gross amount not offset in the consolidated balance sheets	1	8
Net amount	99	50

Net Investment Hedging [Member]

Derivative [Line Items]

Schedule of Notional Amounts of Derivative and Nonderivative Instruments

The total notional amount of foreign currency denominated debt and cross-currency swaps designated as net investment hedges are as follows:

	As of June 30, 2020	As of December 31, 2019
	(In € millions)
Total	1,478	1,578

Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]

Derivative [Line Items]

Schedule of Notional Amounts of Derivative and Nonderivative Instruments

The total notional amount of the forward-starting interest rate swap designated as a cash flow hedge is as follows:

	As of June 30, 2020	As of December 31, 2019
	(In $ millions)
Total	400	400

Not Designated as Hedging Instrument [Member]

Derivative [Line Items]

Schedule of Notional Amounts of Derivative and Nonderivative Instruments

Gross notional values of the foreign currency forwards and swaps not designated as hedges are as follows:

	As of June 30, 2020	As of December 31, 2019
	(In $ millions)
Total	627	692