Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Notional Amounts of Foreign Currency Derivatives

The total notional amount of foreign currency denominated debt designated as a net investment hedge of net investments in foreign operations are as follows:

	As of December 31,
	2022	2021
	(In € millions)
Total	5,639	1,653

Gross notional values of the foreign currency forwards and swaps are as follows:

	As of December 31,
	2022	2021
	(In $ millions)
Total	1,314	663

Schedule of Notional Amounts of Net Foreign Exchange Exposure by Currency

The total U.S. dollar equivalents of net foreign exchange exposure related to (short) long foreign exchange forward contracts outstanding by currency are as follows:

	2023 Maturity
	(In $ millions)
Currency
Brazilian real	(37)
British pound sterling	8
Canadian dollar	43
Chinese yuan	232
Danish krona	(4)
Euro	79
Hungarian forint	14
Indonesian rupiah	(6)
Japanese yen	(38)
Korean won	75
Mexican peso	93
Singapore dollar	(56)
Swedish krona	(7)
Swiss franc	6
Total	402

Schedule of Derivatives Instruments Activity

Hedging activity for foreign currency forwards, commodity swaps and interest rate swaps is as follows:

	Year Ended December 31,			Statement of Operations Classification
	2022	2021	2020
	(In $ millions)
Hedging activities	17	—	(5)	Cost of sales; Interest expense

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)			Statement of Operations Classification
	Year Ended December 31,			Year Ended December 31,
	2022	2021	2020	2022	2021	2020
	(In $ millions)
Designated as Cash Flow Hedges
Commodity swaps	39	25	13	23	3	(4)	Cost of sales
Interest rate swaps	—	10	(41)	(7)	(3)	—	Interest expense
Foreign currency forwards	2	(1)	(1)	1	—	(1)	Cost of sales
Total	41	34	(29)	17	—	(5)
Designated as Net Investment Hedges
Foreign currency denominated debt (Note 11)	(22)	107	(81)	—	—	—	N/A
Cross-currency swaps (Note 11)	(92)	27	(26)	—	—	—	N/A
Total	(114)	134	(107)	—	—	—
Not Designated as Hedges
Foreign currency forwards and swaps	—	—	—	(2)	(13)	(8)	Foreign exchange gain (loss), net; Other income (expense), net
Total	—	—	—	(2)	(13)	(8)

Offsetting Assets

Information regarding the gross amounts of the Company's derivative instruments and the amounts offset in the consolidated balance sheets is as follows:

	As of December 31,
	2022	2021
	(In $ millions)
Derivative Assets
Gross amount recognized	169	40
Gross amount offset in the consolidated balance sheets	—	—
Net amount presented in the consolidated balance sheets	169	40
Gross amount not offset in the consolidated balance sheets	16	2
Net amount	153	38

Offsetting Liabilities

	As of December 31,
	2022	2021
	(In $ millions)
Derivative Liabilities
Gross amount recognized	189	5
Gross amount offset in the consolidated balance sheets	—	—
Net amount presented in the consolidated balance sheets	189	5
Gross amount not offset in the consolidated balance sheets	16	2
Net amount	173	3