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Benefit Obligations (Tables)
 12 Months Ended
Dec. 31, 2022
Retirement Benefits [Abstract]  
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,
202220212020
(In $ millions)
Defined contribution plans62 47 39 
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,
2022202120222021
(In $ millions)
Change in Projected Benefit Obligation
Projected benefit obligation as of beginning of period3,488 3,847 51 61 
Service cost12 13 1 1 
Interest cost67 54 1 1 
Net actuarial (gain) loss(1)
(662)(119)(10)(7)
Acquisitions198 (2)7 (3)— — 
Settlements— (38)— — 
Benefits paid(220)(226)(3)(4)
Exchange rate changes(25)(50)(2)(1)
Projected benefit obligation as of end of period2,858 3,488 38 51 
Change in Plan Assets
Fair value of plan assets as of beginning of period3,183 3,388 — — 
Actual return on plan assets(588)36 — — 
Employer contributions45 47 3 4 
Acquisitions211 (2)— — — 
Settlements— (38)— — 
Benefits paid(4)
(220)(226)(3)(4)
Exchange rate changes(6)(24)— — 
Fair value of plan assets as of end of period2,625 3,183 — — 
Funded status as of end of period(233)(305)(38)(51)
Amounts Recognized in the Consolidated Balance Sheets Consist of:
Noncurrent Other assets160 221 — — 
Current Other liabilities(21)(22)(3)(4)
Benefit obligations(372)(504)(35)(47)
Net amount recognized(233)(305)(38)(51)
Amounts Recognized in Accumulated Other Comprehensive Income Consist of:
Net actuarial (gain) loss(5)
13 20 — — 
Prior service (benefit) cost— — (1)(1)
Net amount recognized13 20 (1)(1)
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(1)Primarily relates to changes in discount rates.
(2)Represents plan obligations and assets related to the M&M acquisition.
(3)Represents plan obligations related to the Santoprene acquisition.
(4)Includes benefit payments to nonqualified pension plans of $20 million and $21 million as of December 31, 2022 and 2021, respectively.
(5)Relates to the pension plans of the Company's equity method investments.
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,
2022202120222021
(In percentages)
U.S. plans73 78 50 50 
International plans27 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,
20222021
(In percentages)
U.S. plans77 85 
International plans23 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,
20222021
(In $ millions)
Projected benefit obligation669 803 
Fair value of plan assets277 277 
Other postretirement plans with accumulated postretirement benefit obligations in excess of plan assets are as follows:
As of December 31,
20222021
(In $ millions)
Accumulated postretirement benefit obligation38 52 
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,
20222021
(In $ millions)
Accumulated benefit obligation649 781 
Fair value of plan assets270 277 
Other postretirement plans with accumulated postretirement benefit obligations in excess of plan assets are as follows:
As of December 31,
20222021
(In $ millions)
Accumulated postretirement benefit obligation38 52 
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,
20222021
(In $ millions)
Accumulated benefit obligation2,837 3,461 
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,
202220212020202220212020
(In $ millions)
Service cost12 13 12 1 1 1 
Interest cost67 54 85 1 1 1 
Expected return on plan assets(166)(205)(199)— — — 
Recognized actuarial (gain) loss91 47 97 (10)(6)(1)
Curtailment (gain) loss— — — — — (1)
Settlement (gain) loss— 3 — — — — 
Special termination benefit— — 1 — — — 
Total4 (88)(4)(8)(4)— 
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,
20222021
(In $ millions)
Nonqualified Trust Assets
Marketable securities5 10 
Noncurrent Other assets, consisting of insurance contracts22 28 
Nonqualified Pension Obligations
Current Other liabilities18 19 
Benefit obligations152 204 
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,
202220212020
(In $ millions)
Total(34)3 23 
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,
2022202120222021
(In percentages)
Discount Rate Obligations
U.S. plans5.5 2.8 5.4 2.7 
International plans3.4 1.4 4.7 2.4 
Combined4.9 2.5 5.1 2.5 
Rate of Compensation Increase
U.S. plansN/AN/A
International plans2.7 2.5 
Combined2.7 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,
202220212020202220212020
(In percentages)
Discount Rate Obligations
U.S. plans2.8 2.4 3.2 2.7 2.2 3.1 
International plans1.4 1.0 1.4 2.4 1.9 2.7 
Combined2.5 2.1 2.8 2.5 2.1 2.9 
Discount Rate Service Cost
U.S. plansN/AN/A1.9 3.5 N/A3.8 
International plans1.5 1.1 1.8 2.1 1.9 2.7 
Combined1.5 1.1 1.8 2.1 1.9 2.7 
Discount Rate Interest Cost
U.S. plans2.2 1.7 2.8 2.0 1.5 2.6 
International plans1.2 0.7 1.1 2.1 1.5 2.5 
Combined2.0 1.4 2.4 2.1 1.5 2.6 
Expected Return on Plan Assets
U.S. plans5.5 6.5 6.7 
International plans4.9 4.8 5.1 
Combined5.4 6.3 6.5 
Rate of Compensation Increase
U.S. plansN/AN/AN/A
International plans2.5 2.5 2.6 
Combined2.5 2.5 2.6 
Interest Crediting Rate
U.S. plans1.9 1.4 2.1 
International plans1.0 1.0 N/A
Combined1.9 1.4 2.1 
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,
202220212020
(In percentages, except year)
Health care cost trend rate assumed for next year7.5 7.3 7.5 
Health care cost trend ultimate rate5.0 5.0 5.0 
Health care cost trend ultimate rate year203220312031
Schedule of Weighted Average Target Asset Allocations
The weighted average target asset allocations for the Company's pension plans in 2022 are as follows:
U.S.
Plans		International
Plans
(In percentages)
Bonds - domestic to plans85 30 
Equities - domestic to plans8 24 
Equities - international to plans7 10 
Other— 36 
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,
202220212022202120222021
(In $ millions)
Assets
Cash and cash equivalents7 5 — — 7 5 
Derivatives
Swaps— — 4 6 4 6 
Equity securities
U.S. companies26 — — — 26 — 
International companies135 95 — — 135 95 
Fixed income
Corporate debt— — 662 895 662 895 
Treasuries, other debt162 118 968 1,338 1,130 1,456 
Mortgage backed securities— — 12 16 12 16 
Insurance contracts— — 98 57 98 57 
Other4 4 21 6 25 10 
Total investments, at fair value(1)
334 222 1,765 2,318 2,099 2,540 
Liabilities
Derivatives
Swaps— — 4 6 4 6 
Total liabilities— — 4 6 4 6 
Total net assets(2)
334 222 1,761 2,312 2,095 2,534 
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(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, 2022 excludes investments in pooled-type investments, registered investment companies and short-term investment funds with fair values of $441 million, $41 million and $41 million, respectively. Total investments, at fair value, for the year ended December 31, 2021 excludes investments in pooled-type investments, registered investment companies and short-term investment funds with fair values of $538 million, $69 million and $37 million, respectively.
(2)Total net assets excludes non-financial plan receivables and payables of $17 million and $10 million, respectively, as of December 31, 2022 and $13 million and $8 million, respectively, as of December 31, 2021. 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
2023
(In $ millions)
Cash contributions to defined benefit pension plans27 
Benefit payments to nonqualified pension plans18 
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)
2023233 4 
2024221 3 
2025218 3 
2026215 3 
2027209 3 
2028-2032975 13 
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(1)Payments are expected to be made primarily from plan assets.
(2)Payments are expected to be made primarily from Company assets.