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Benefit Obligations (Tables)
 12 Months Ended
Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Contributions to Multiemployer Defined Benefit Pension Plans
Contributions made by the Company to the German multiemployer plan are as follows:
Year Ended December 31,
202020192018
(In $ millions)
Multiemployer defined benefit plan9 8 8 
Schedule of Postemployment Obligations
Postemployment obligations are as follows:
As of December 31,
20202019
(In $ millions)
Postemployment benefits7 7 
Schedule of Contributions to Defined Contribution Plans
The amount of costs recognized for the Company's defined contribution plans are as follows:
Year Ended December 31,
202020192018
(In $ millions)
Defined contribution plans39 42 40 
Schedule of Company's Pension and Post Retirement Benefit Plans
Summarized information on the Company's pension and postretirement benefit plans is as follows:
Pension Benefits
As of December 31,		Postretirement Benefits
As of December 31,
2020201920202019
(In $ millions)
Change in Projected Benefit Obligation
Projected benefit obligation as of beginning of period3,610 3,412 64 59 
Service cost12 9 1 — 
Interest cost85 115 1 2 
Net actuarial (gain) loss(1)
275 377 — 8 
Acquisitions(2)
42 — — — 
Settlements(7)(3)— — 
Benefits paid(230)(230)(5)(5)
Curtailments— — (1)— 
Special termination benefits1 1 — — 
Exchange rate changes59 (3)1 — 
Other(3)
— (68)— — 
Projected benefit obligation as of end of period3,847 3,610 61 64 
Change in Plan Assets
Fair value of plan assets as of beginning of period3,141 2,915 — — 
Actual return on plan assets380 467 — — 
Employer contributions43 42 5 5 
Acquisitions(2)
30 — — — 
Settlements(7)(3)— — 
Benefits paid(4)
(230)(230)(5)(5)
Other(3)
— (52)— — 
Exchange rate changes31 2 — — 
Fair value of plan assets as of end of period3,388 3,141 — — 
Funded status as of end of period(459)(469)(61)(64)
Amounts Recognized in the Consolidated Balance Sheets Consist of:
Noncurrent Other assets142 77 — — 
Current Other liabilities(22)(23)(4)(4)
Benefit obligations(579)(523)(57)(60)
Net amount recognized(459)(469)(61)(64)
Amounts Recognized in Accumulated Other Comprehensive Income Consist of:
Net actuarial (gain) loss(5)
17 15 — — 
Prior service (benefit) cost— — (1)(1)
Net amount recognized(6)
17 15 (1)(1)
______________________________
(1)Primarily relates to changes in discount rates.
(2)Represents plan obligations and assets related to the Elotex acquisition.
(3)Primarily relates to lump sum offers for certain participants of the US qualified defined benefit pension plan.
(4)Includes benefit payments to nonqualified pension plans of $21 million and $21 million as of December 31, 2020 and 2019, respectively.
(5)Relates to the pension plans of the Company's equity method investments.
(6)Amount shown net of an income tax benefit of $4 million and $4 million as of December 31, 2020 and 2019, respectively, in the consolidated statements of equity (Note 15).
Schedule of Percentage of US and International Projected Benefit Obligation
The percentage of US and international projected benefit obligation at the end of the period is as follows:
Pension Benefits
As of December 31,		Postretirement Benefits
As of December 31,
2020201920202019
(In percentages)
US plans78 81 50 55 
International plans22 19 50 45 
Total100 100 100 100 
Schedule of Percentage of US and International Fair Value of Plan Assets
The percentage of US and international fair value of plan assets at the end of the period is as follows:
Pension Benefits
As of December 31,
20202019
(In percentages)
US plans85 87 
International plans15 13 
Total100 100 
Schedule of Pension Plans with Projected Benefit Obligations in Excess of Plan Assets
Pension plans with projected benefit obligations in excess of plan assets are as follows:
As of December 31,
20202019
(In $ millions)
Projected benefit obligation913 881 
Fair value of plan assets311 337 
Other postretirement plans with accumulated postretirement benefit obligations in excess of plan assets are as follows:
As of December 31,
20202019
(In $ millions)
Accumulated postretirement benefit obligation61 64 
Schedule of Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets
Pension plans with accumulated benefit obligations in excess of plan assets are as follows:
As of December 31,
20202019
(In $ millions)
Accumulated benefit obligation888 776 
Fair value of plan assets311 255 
Schedule of Accumulated Benefit Obligation for All Defined Benefit Pension Plans
The accumulated benefit obligation for all defined benefit pension plans is as follows:
As of December 31,
20202019
(In $ millions)
Accumulated benefit obligation3,819 3,584 
Schedule of Net Periodic Benefit Costs
The components of net periodic benefit cost are as follows:
Pension Benefits
Year Ended December 31,		Postretirement Benefits
Year Ended December 31,
202020192018202020192018
(In $ millions)
Service cost12 9 9 1 — 1 
Interest cost85 115 104 1 2 2 
Expected return on plan assets(199)(185)(210)— — — 
Recognized actuarial (gain) loss97 79 169 (1)8 (4)
Curtailment (gain) loss— — (1)(1)— — 
Special termination benefit1 1 2 — — — 
Total(4)19 73 — 10 (1)
Schedule of Nonqualified Pension Plans Funded with Nonqualified Trusts
The Company maintains nonqualified pension plans funded with nonqualified trusts for certain US employees as follows:
As of December 31,
20202019
(In $ millions)
Nonqualified Trust Assets
Marketable securities17 24 
Noncurrent Other assets, consisting of insurance contracts30 35 
Nonqualified Pension Obligations
Current Other liabilities20 20 
Benefit obligations221 219 
Schedule of Expense Related to Nonqualified Pension Plans Included in Net Periodic Benefit Cost, Excluding Returns on Assets
(Income) expense relating to the nonqualified pension plans included in net periodic benefit cost, excluding returns on the assets held by the nonqualified trusts, is as follows:
Year Ended December 31,
202020192018
(In $ millions)
Total23 26 (3)
Schedule of Principle Weighted Average Assumptions Used to Determine Benefit Obligations and Benefit Cost
The principal weighted average assumptions used to determine benefit obligation are as follows:
Pension Benefits
As of December 31,		Postretirement Benefits
As of December 31,
2020201920202019
(In percentages)
Discount Rate Obligations
US plans2.4 3.2 2.2 3.1 
International plans1.0 1.4 1.9 2.7 
Combined2.1 2.8 2.1 2.9 
Rate of Compensation Increase
US plansN/AN/A
International plans2.5 2.6 
Combined2.5 2.6 
The principal weighted average assumptions used to determine net periodic benefit cost are as follows:
Pension Benefits
Year Ended December 31,		Postretirement Benefits
Year Ended December 31,
202020192018202020192018
(In percentages)
Discount Rate Obligations
US plans3.2 4.2 3.5 3.1 4.1 3.4 
International plans1.4 2.1 2.1 2.7 3.4 3.2 
Combined2.8 3.8 3.3 2.9 3.8 3.2 
Discount Rate Service Cost
US plans1.9 3.1 1.9 3.8 4.6 3.7 
International plans1.8 2.5 2.3 2.7 3.4 3.3 
Combined1.8 2.5 2.2 2.7 3.4 2.9 
Discount Rate Interest Cost
US plans2.8 3.9 3.1 2.6 3.8 3.0 
International plans1.1 1.8 1.7 2.5 3.2 2.9 
Combined2.4 3.5 2.9 2.6 3.5 2.9 
Expected Return on Plan Assets
US plans6.7 6.7 6.8 
International plans5.1 5.6 5.9 
Combined6.5 6.5 6.7 
Rate of Compensation Increase
US plansN/AN/AN/A
International plans2.6 2.8 2.8 
Combined2.6 2.8 2.8 
Interest Crediting Rate
US plans2.1 3.0 2.8 
International plansN/AN/AN/A
Combined2.1 3.0 2.8 
Schedule of Health Care Cost Trend Rates
The Company's health care cost trend assumptions for US postretirement medical plan's net periodic benefit cost are as follows:
As of December 31,
202020192018
(In percentages, except year)
Health care cost trend rate assumed for next year7.5 8.0 8.5 
Health care cost trend ultimate rate5.0 5.0 5.0 
Health care cost trend ultimate rate year203120262026
Schedule of Weighted Average Target Asset Allocations
The weighted average target asset allocations for the Company's pension plans in 2020 are as follows:
US
Plans		International
Plans
(In percentages)
Bonds - domestic to plans80 57 
Equities - domestic to plans10 16 
Equities - international to plans10 — 
Other— 27 
Total100 100 
Schedule of Fair Values of Pension Plan Assets
Fair Value Measurement
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)		Significant
Other
Observable
Inputs
(Level 2)		Total
As of December 31,
202020192020201920202019
(In $ millions)
Assets
Cash and cash equivalents10 8 — — 10 8 
Derivatives
Swaps— — 3 7 3 7 
Equity securities
International companies82 77 — — 82 77 
Fixed income
Corporate debt— — 890 762 890 762 
Treasuries, other debt17 35 1,447 1,403 1,464 1,438 
Mortgage backed securities— — 16 15 16 15 
Insurance contracts— — 63 47 63 47 
Other4 4 6 1 10 5 
Total investments, at fair value(1)
113 124 2,425 2,235 2,538 2,359 
Liabilities
Derivatives
Swaps— — 3 7 3 7 
Total liabilities— — 3 7 3 7 
Total net assets(2)
113 124 2,422 2,228 2,535 2,352 
______________________________
(1)Certain investments that are measured at fair value using the NAV per share practical expedient have not been classified in the fair value hierarchy. Total investments, at fair value, for the year ended December 31, 2020 excludes investments in common/collective trusts, registered investment companies and short-term investment funds with fair values of $732 million, $71 million and $45 million, respectively. Total investments, at fair value, for the year ended December 31, 2019 excludes investments in common/collective trusts, registered investment companies and short-term investment funds with fair values of $689 million, $62 million and $35 million, respectively.
(2)Total net assets excludes non-financial plan receivables and payables of $72 million and $67 million, respectively, as of December 31, 2020 and $29 million and $26 million, respectively, as of December 31, 2019. Non-financial items include due to/from broker, interest receivables and accrued expenses.
Schedule of Company Commitments to Fund Benefit Obligations
Benefit obligation funding is as follows:
Total
Expected
2021
(In $ millions)
Cash contributions to defined benefit pension plans23 
Benefit payments to nonqualified pension plans20 
Benefit payments to other postretirement benefit plans4 
Schedule of Pension Benefits Expected to be Paid from the Plans or From the Company's Assets
Pension and postretirement benefits expected to be paid are as follows:
Pension
Benefit
Payments(1)
Company Portion
of Postretirement
Benefit Cost(2)
(In $ millions)
2021236 4 
2022228 4 
2023226 4 
2024222 3 
2025218 3 
2026-20301,027 15 
______________________________
(1)Payments are expected to be made primarily from plan assets.
(2)Payments are expected to be made primarily from Company assets.
Other Postretirement Benefits Plan [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets
Other postretirement plans with accumulated postretirement benefit obligations in excess of plan assets are as follows:
As of December 31,
20202019
(In $ millions)
Accumulated postretirement benefit obligation61 64