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Derivative Financial Instruments (Tables)
 9 Months Ended
Sep. 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 September 30, Statement of Operations Classification
2020201920202019
(In $ millions)
Designated as Cash Flow Hedges
Commodity swaps
1 (13)(5)1 Cost of sales
Interest rate swaps3 (19)— — Interest expense
Total4 (32)(5)1 
Designated as Net Investment Hedges
Foreign currency denominated debt (Note 8)
(54)48 — — N/A
Cross-currency swaps(25)22 — — N/A
Total(79)70 — — 
Not Designated as Hedges
Foreign currency forwards and swaps
— — (11)9 Foreign exchange gain (loss), net; Other income (expense), net
Total— — (11)9 
Gain (Loss) Recognized in Other Comprehensive Income (Loss)Gain (Loss) Recognized in Earnings (Loss)
Nine Months Ended September 30, Statement of Operations Classification
2020201920202019
(In $ millions)
Designated as Cash Flow Hedges
Commodity swaps
4 (5)(5)5 Cost of sales
Interest rate swaps(50)(45)— — Interest expense
Total(46)(50)(5)5 
Designated as Net Investment Hedges
Foreign currency denominated debt (Note 8)
(39)74 — — N/A
Cross-currency swaps(3)16 — — N/A
Total(42)90 — — 
Not Designated as Hedges
Foreign currency forwards and swaps
— — 7 9 Foreign exchange gain (loss), net; Other income (expense), net
Total— — 7 9 
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
September 30,
2020		As of
December 31,
2019
(In $ millions)
Derivative Assets
Gross amount recognized23 16 
Gross amount offset in the consolidated balance sheets2 1 
Net amount presented in the consolidated balance sheets21 15 
Gross amount not offset in the consolidated balance sheets9 8 
Net amount12 7 
Offsetting Liabilities
As of
September 30,
2020		As of
December 31,
2019
(In $ millions)
Derivative Liabilities
Gross amount recognized111 59 
Gross amount offset in the consolidated balance sheets2 1 
Net amount presented in the consolidated balance sheets109 58 
Gross amount not offset in the consolidated balance sheets9 8 
Net amount100 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
September 30,
2020		As of
December 31,
2019
(In € millions)
Total1,298 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
September 30,
2020		As of
December 31,
2019
(In $ millions)
Total400 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
September 30,
2020		As of
December 31,
2019
(In $ millions)
Total699 692