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Derivative Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 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 June 30, Statement of Operations Classification
2023202220232022
(In $ millions)
Designated as Cash Flow Hedges
Commodity swaps(7)42 — 11 Cost of sales
Interest rate swaps— — (2)(2)Interest expense
Foreign currency forwards2 — (1)— Cost of sales
Total(5)42 (3)9 
Designated as Net Investment Hedges
Foreign currency denominated debt (Note 7)
(5)93 — — N/A
Cross-currency swaps(74)25 — — N/A
Total(79)118 — — 
Not Designated as Hedges
Foreign currency forwards and swaps
— — (1)(3)Foreign exchange gain (loss), net; Other income (expense), net
Total— — (1)(3)
Gain (Loss) Recognized in Other Comprehensive Income (Loss)Gain (Loss) Recognized in Earnings (Loss)
Six Months Ended June 30, Statement of Operations Classification
2023202220232022
(In $ millions)
Designated as Cash Flow Hedges
Commodity swaps(7)59 1 11 Cost of sales
Interest rate swaps— — (4)(4)Interest expense
Foreign currency forwards4 — (2)— Cost of sales
Total(3)59 (5)7 
Designated as Net Investment Hedges
Foreign currency denominated debt (Note 7)
(61)121 — — N/A
Cross-currency swaps(93)27 — — N/A
Total(154)148 — — 
Not Designated as Hedges
Foreign currency forwards and swaps— — 1 (4)Foreign exchange gain (loss), net; Other income (expense), net
Total— — 1 (4)
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
June 30,
2023		As of
December 31,
2022
(In $ millions)
Derivative Assets
Gross amount recognized156 169 
Gross amount offset in the consolidated balance sheets— — 
Net amount presented in the consolidated balance sheets156 169 
Gross amount not offset in the consolidated balance sheets17 16 
Net amount139 153 
Offsetting Liabilities
As of
June 30,
2023		As of
December 31,
2022
(In $ millions)
Derivative Liabilities
Gross amount recognized279 189 
Gross amount offset in the consolidated balance sheets— — 
Net amount presented in the consolidated balance sheets279 189 
Gross amount not offset in the consolidated balance sheets17 16 
Net amount262 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
June 30,
2023		As of
December 31,
2022
(In € millions)
Total5,591 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
June 30,
2023		As of
December 31,
2022
(In $ millions)
Total1,715 1,314