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Derivative Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2021
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
2021202020212020
(In $ millions)
Designated as Cash Flow Hedges
Commodity swaps10 1 (1)(5)Cost of sales
Interest rate swaps(7)3 (1)— Interest expense
Total3 4 (2)(5)
Designated as Net Investment Hedges
Foreign currency denominated debt (Note 8)
37 (54)— — N/A
Cross-currency swaps10 (25)— — N/A
Total47 (79)— — 
Not Designated as Hedges
Foreign currency forwards and swaps
— — (2)(11)Foreign exchange gain (loss), net; Other income (expense), net
Total— — (2)(11)
Gain (Loss) Recognized in Other Comprehensive Income (Loss)Gain (Loss) Recognized in Earnings (Loss)
Nine Months Ended September 30, Statement of Operations Classification
2021202020212020
(In $ millions)
Designated as Cash Flow Hedges
Commodity swaps33 4 (1)(5)Cost of sales
Interest rate swaps10 (50)(1)— Interest expense
Total43 (46)(2)(5)
Designated as Net Investment Hedges
Foreign currency denominated debt (Note 8)
72 (39)— — N/A
Cross-currency swaps21 (3)— — N/A
Total93 (42)— — 
Not Designated as Hedges
Foreign currency forwards and swaps— — (6)7 Foreign exchange gain (loss), net; Other income (expense), net
Total— — (6)7 
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,
2021		As of
December 31,
2020
(In $ millions)
Derivative Assets
Gross amount recognized58 26 
Gross amount offset in the consolidated balance sheets— 2 
Net amount presented in the consolidated balance sheets58 24 
Gross amount not offset in the consolidated balance sheets9 11 
Net amount49 13 
Offsetting Liabilities
As of
September 30,
2021		As of
December 31,
2020
(In $ millions)
Derivative Liabilities
Gross amount recognized18 123 
Gross amount offset in the consolidated balance sheets— 2 
Net amount presented in the consolidated balance sheets18 121 
Gross amount not offset in the consolidated balance sheets9 11 
Net amount9 110 
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,
2021		As of
December 31,
2020
(In € millions)
Total1,837 1,358 
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,
2021		As of
December 31,
2020
(In $ millions)
Total— 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,
2021		As of
December 31,
2020
(In $ millions)
Total634 546