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Debt (Tables)
 9 Months Ended
Sep. 30, 2021
Line of Credit Facility [Line Items]  
Schedule of Short-term Debt
As of
September 30,
2021		As of
December 31,
2020
(In $ millions)
Short-Term Borrowings and Current Installments of Long-Term Debt - Third Party and Affiliates
Current installments of long-term debt28 431 
Short-term borrowings, including amounts due to affiliates(1)
75 65 
Total103 496 
______________________________
(1)The weighted average interest rate was 0.2% and 0.6% as of September 30, 2021 and December 31, 2020, respectively.
Schedule of Long-term Debt
As of
September 30,
2021		As of
December 31,
2020
(In $ millions)
Long-Term Debt
Senior unsecured notes due 2021, interest rate of 5.875%
— 400 
Senior unsecured notes due 2022, interest rate of 4.625%
500 500 
Senior unsecured notes due 2023, interest rate of 1.125%
521 919 
Senior unsecured notes due 2024, interest rate of 3.500%
499 499 
Senior unsecured notes due 2025, interest rate of 1.250%
347 368 
Senior unsecured notes due 2026, interest rate of 1.400%
400 — 
Senior unsecured notes due 2027, interest rate of 2.125%
576 610 
Senior unsecured notes due 2028, interest rate of 0.625%
578 — 
Pollution control and industrial revenue bonds due at various dates through 2030, interest rates ranging from 4.05% to 5.00%
166 166 
Bank loans due at various dates through 2026(1)
6 8 
Obligations under finance leases due at various dates through 2054179 201 
Subtotal3,772 3,671 
Unamortized debt issuance costs(2)
(20)(13)
Current installments of long-term debt(28)(431)
Total3,724 3,227 
______________________________
(1)The weighted average interest rate was 1.3% and 1.3% as of September 30, 2021 and December 31, 2020, respectively.
(2)Related to the Company's long-term debt, excluding obligations under finance leases.
Revolving Credit Facility [Member]  
Line of Credit Facility [Line Items]  
Schedule of Balances Available for Borrowing
The Company's debt balances and amounts available for borrowing under its senior unsecured revolving credit facility are as follows:
As of
September 30,
2021
(In $ millions)
Revolving Credit Facility
Borrowings outstanding(1)
— 
Available for borrowing(2)
1,250 
______________________________
(1)The Company borrowed $400 million under its senior unsecured revolving credit facility to repay the 5.875% senior unsecured notes due June 15, 2021 and repaid $400 million under its senior unsecured revolving credit facility during the nine months ended September 30, 2021.
(2)The margin for borrowings under the senior unsecured revolving credit facility was 1.25% above LIBOR or EURIBOR at current Company credit ratings.