Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2023

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 March 31,				Statement of Operations Classification
	2023	2022	2023	2022
	(In $ millions)
Designated as Cash Flow Hedges
Commodity swaps	—	17	1	—	Cost of sales
Interest rate swaps	—	—	(2)	(2)	Interest expense
Foreign currency forwards	2	—	(1)	—	Cost of sales
Total	2	17	(2)	(2)
Designated as Net Investment Hedges
Foreign currency denominated debt (Note 7)	(56)	28	—	—	N/A
Cross-currency swaps	(19)	2	—	—	N/A
Total	(75)	30	—	—
Not Designated as Hedges
Foreign currency forwards and swaps	—	—	2	(1)	Foreign exchange gain (loss), net; Other income (expense), net
Total	—	—	2	(1)

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 March 31, 2023	As of December 31, 2022
	(In $ millions)
Derivative Assets
Gross amount recognized	139	169
Gross amount offset in the consolidated balance sheets	1	—
Net amount presented in the consolidated balance sheets	138	169
Gross amount not offset in the consolidated balance sheets	26	16
Net amount	112	153

Offsetting Liabilities

	As of March 31, 2023	As of December 31, 2022
	(In $ millions)
Derivative Liabilities
Gross amount recognized	185	189
Gross amount offset in the consolidated balance sheets	1	—
Net amount presented in the consolidated balance sheets	184	189
Gross amount not offset in the consolidated balance sheets	26	16
Net amount	158	173

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 March 31, 2023	As of December 31, 2022
	(In € millions)
Total	5,652	5,639

Not Designated as Hedging Instrument

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 March 31, 2023	As of December 31, 2022
	(In $ millions)
Total	1,892	1,314