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Benefit Obligations (Tables)
 12 Months Ended
Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]  
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,
202120202019
(In $ millions)
Defined contribution plans47 39 42 
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,
2021202020212020
(In $ millions)
Change in Projected Benefit Obligation
Projected benefit obligation as of beginning of period3,847 3,610 61 64 
Service cost13 12 1 1 
Interest cost54 85 1 1 
Net actuarial (gain) loss(1)
(119)275 (7)— 
Acquisitions7 (2)42 (3)— — 
Settlements(38)(7)— — 
Benefits paid(226)(230)(4)(5)
Curtailments— — — (1)
Special termination benefits— 1 — — 
Exchange rate changes(50)59 (1)1 
Projected benefit obligation as of end of period3,488 3,847 51 61 
Change in Plan Assets
Fair value of plan assets as of beginning of period3,388 3,141 — — 
Actual return on plan assets36 380 — — 
Employer contributions47 43 4 5 
Acquisitions— 30 (3)— — 
Settlements(38)(7)— — 
Benefits paid(4)
(226)(230)(4)(5)
Exchange rate changes(24)31 — — 
Fair value of plan assets as of end of period3,183 3,388 — — 
Funded status as of end of period(305)(459)(51)(61)
Amounts Recognized in the Consolidated Balance Sheets Consist of:
Noncurrent Other assets221 142 — — 
Current Other liabilities(22)(22)(4)(4)
Benefit obligations(504)(579)(47)(57)
Net amount recognized(305)(459)(51)(61)
Amounts Recognized in Accumulated Other Comprehensive Income Consist of:
Net actuarial (gain) loss(5)
20 17 — — 
Prior service (benefit) cost— — (1)(1)
Net amount recognized(6)
20 17 (1)(1)
______________________________
(1)Primarily relates to changes in discount rates.
(2)Represents plan obligations related to the Santoprene acquisition.
(3)Represents plan obligations and assets related to the Elotex acquisition.
(4)Includes benefit payments to nonqualified pension plans of $21 million and $21 million as of December 31, 2021 and 2020, 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, 2021 and 2020, respectively, in the consolidated statements of equity (Note 14).
Schedule of Percentage of US and International Projected Benefit Obligation
The percentage of U.S. 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,
2021202020212020
(In percentages)
U.S. plans78 78 50 50 
International plans22 22 50 50 
Total100 100 100 100 
Schedule of Percentage of US and International Fair Value of Plan Assets
The percentage of U.S. and international fair value of plan assets at the end of the period is as follows:
Pension Benefits
As of December 31,
20212020
(In percentages)
U.S. plans85 85 
International plans15 15 
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,
20212020
(In $ millions)
Projected benefit obligation803 913 
Fair value of plan assets277 311 
Other postretirement plans with accumulated postretirement benefit obligations in excess of plan assets are as follows:
As of December 31,
20212020
(In $ millions)
Accumulated postretirement benefit obligation52 61 
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,
20212020
(In $ millions)
Accumulated benefit obligation781 888 
Fair value of plan assets277 311 
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,
20212020
(In $ millions)
Accumulated benefit obligation3,461 3,819 
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,
202120202019202120202019
(In $ millions)
Service cost13 12 9 1 1 — 
Interest cost54 85 115 1 1 2 
Expected return on plan assets(205)(199)(185)— — — 
Recognized actuarial (gain) loss47 97 79 (6)(1)8 
Curtailment (gain) loss— — — — (1)— 
Settlement (gain) loss3 — — — — — 
Special termination benefit— 1 1 — — — 
Total(88)(4)19 (4)— 10 
Schedule of Nonqualified Pension Plans Funded with Nonqualified Trusts
The Company maintains nonqualified pension plans funded with nonqualified trusts for certain U.S. employees as follows:
As of December 31,
20212020
(In $ millions)
Nonqualified Trust Assets
Marketable securities10 17 
Noncurrent Other assets, consisting of insurance contracts28 30 
Nonqualified Pension Obligations
Current Other liabilities19 20 
Benefit obligations204 221 
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,
202120202019
(In $ millions)
Total3 23 26 
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,
2021202020212020
(In percentages)
Discount Rate Obligations
U.S. plans2.8 2.4 2.7 2.2 
International plans1.4 1.0 2.4 1.9 
Combined2.5 2.1 2.5 2.1 
Rate of Compensation Increase
U.S. plansN/AN/A
International plans2.5 2.5 
Combined2.5 2.5 
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,
202120202019202120202019
(In percentages)
Discount Rate Obligations
U.S. plans2.4 3.2 4.2 2.2 3.1 4.1 
International plans1.0 1.4 2.1 1.9 2.7 3.4 
Combined2.1 2.8 3.8 2.1 2.9 3.8 
Discount Rate Service Cost
U.S. plansN/A1.9 3.1 N/A3.8 4.6 
International plans1.1 1.8 2.5 1.9 2.7 3.4 
Combined1.1 1.8 2.5 1.9 2.7 3.4 
Discount Rate Interest Cost
U.S. plans1.7 2.8 3.9 1.5 2.6 3.8 
International plans0.7 1.1 1.8 1.5 2.5 3.2 
Combined1.4 2.4 3.5 1.5 2.6 3.5 
Expected Return on Plan Assets
U.S. plans6.5 6.7 6.7 
International plans4.8 5.1 5.6 
Combined6.3 6.5 6.5 
Rate of Compensation Increase
U.S. plansN/AN/AN/A
International plans2.5 2.6 2.8 
Combined2.5 2.6 2.8 
Interest Crediting Rate
U.S. plans1.4 2.1 3.0 
International plans1.0 N/AN/A
Combined1.4 2.1 3.0 
Schedule of Health Care Cost Trend Rates
The Company's health care cost trend assumptions for U.S. postretirement medical plan's net periodic benefit cost are as follows:
As of December 31,
202120202019
(In percentages, except year)
Health care cost trend rate assumed for next year7.3 7.5 8.0 
Health care cost trend ultimate rate5.0 5.0 5.0 
Health care cost trend ultimate rate year203120312026
Schedule of Weighted Average Target Asset Allocations
The weighted average target asset allocations for the Company's pension plans in 2021 are as follows:
U.S.
Plans		International
Plans
(In percentages)
Bonds - domestic to plans85 44 
Equities - domestic to plans8 21 
Equities - international to plans7 6 
Other— 29 
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,
202120202021202020212020
(In $ millions)
Assets
Cash and cash equivalents5 10 — — 5 10 
Derivatives
Swaps— — 6 3 6 3 
Equity securities
International companies95 82 — — 95 82 
Fixed income
Corporate debt— — 895 890 895 890 
Treasuries, other debt118 17 1,338 1,447 1,456 1,464 
Mortgage backed securities— — 16 16 16 16 
Insurance contracts— — 57 63 57 63 
Other4 4 6 6 10 10 
Total investments, at fair value(1)
222 113 2,318 2,425 2,540 2,538 
Liabilities
Derivatives
Swaps— — 6 3 6 3 
Total liabilities— — 6 3 6 3 
Total net assets(2)
222 113 2,312 2,422 2,534 2,535 
______________________________
(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, 2021 excludes investments in common/collective trusts, registered investment companies and short-term investment funds with fair values of $538 million, $69 million and $37 million, respectively. 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.
(2)Total net assets excludes non-financial plan receivables and payables of $13 million and $8 million, respectively, as of December 31, 2021 and $72 million and $67 million, respectively, as of December 31, 2020. 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
2022
(In $ millions)
Cash contributions to defined benefit pension plans24 
Benefit payments to nonqualified pension plans19 
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)
2022232 4 
2023224 3 
2024219 3 
2025215 3 
2026213 3 
2027-2031988 14 
______________________________
(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,
20212020
(In $ millions)
Accumulated postretirement benefit obligation52 61