XML 70 R51.htm IDEA: XBRL DOCUMENT v3.22.4
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis
 Fair Value MeasurementBalance Sheet Classification
Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Total
As of December 31,
202220212022202120222021
 (In $ millions)
Derivatives Designated as Cash Flow Hedges
Commodity swaps— — Current Other assets
Commodity swaps— — 39 23 39 23 Noncurrent Other assets
Derivatives Designated as Net Investment Hedges
Cross-currency swaps— — 99 99 Current Other assets
Cross-currency swaps— — 13 13 Noncurrent Other assets
Derivatives Not Designated as Hedges
Foreign currency forwards and swaps— — Current Other assets
Total assets— — 169 40 169 40 
Derivatives Designated as Cash Flow Hedges
   
Commodity swaps— — (2)— (2)— 
Current Other liabilities
Derivatives Designated as Net Investment Hedges
Cross-currency swaps— — (58)(2)(58)(2)Current Other liabilities
Cross-currency swaps— — (126)— (126)— 
Noncurrent Other liabilities
Derivatives Not Designated as Hedges
Foreign currency forwards and swaps— — (3)(3)(3)(3)Current Other liabilities
Total liabilities— — (189)(5)(189)(5)
Schedule of Carrying Values and Fair Values of Financial Instruments
Carrying values and fair values of financial instruments that are not carried at fair value are as follows:
Fair Value Measurement
Carrying
Amount
Significant
Other
Observable
Inputs
(Level 2)
Unobservable
Inputs
(Level 3)
Total
As of December 31,
20222021202220212022202120222021
(In $ millions)
Equity investments without readily determinable fair values
170 170 — — — — — — 
Insurance contracts in nonqualified trusts22 28 23 28 — — 23 28 
Long-term debt, including current installments of long-term debt
13,953 3,722 13,247 3,639 172 173 13,419 3,812