Debt (Tables)

9 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

Schedule of Short-term Debt

	As of September 30, 2024	As of December 31, 2023
	(In $ millions)
Short-Term Borrowings and Current Installments of Long-Term Debt - Third Party and Affiliates
Current installments of long-term debt	1,376	1,025
Short-term borrowings, including amounts due to affiliates(1)	54	146
Revolving credit facilities(2)	177	212
Total	1,607	1,383

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(1)The weighted average interest rate was 2.2% and 2.9% as of September 30, 2024 and December 31, 2023, respectively.

(2)The weighted average interest rate was 5.5% and 3.4% as of September 30, 2024 and December 31, 2023, respectively.

Schedule of Long-term Debt

	As of September 30, 2024	As of December 31, 2023
	(In $ millions)
Long-Term Debt
Senior unsecured notes due 2024, interest rate of 3.500%	—	473
Senior unsecured notes due 2024, interest rate of 5.900%	—	527
Senior unsecured notes due 2025, interest rate of 1.250%	336	331
Senior unsecured notes due 2025, interest rate of 6.050%	1,000	1,000
Senior unsecured notes due 2026, interest rate of 1.400%	400	400
Senior unsecured notes due 2026, interest rate of 4.777%	1,120	1,105
Senior unsecured notes due 2027, interest rate of 2.125%	559	551
Senior unsecured notes due 2027, interest rate of 6.165%	2,000	2,000
Senior unsecured term loan due 2027(1)	880	880
Senior unsecured notes due 2028, interest rate of 0.625%	559	552
Senior unsecured notes due 2028, interest rate of 6.350%	1,000	1,000
Senior unsecured notes due 2029, interest rate of 5.337%	560	552
Senior unsecured notes due 2029, interest rate of 6.330%	750	750
Senior unsecured notes due 2030, interest rate of 6.550%	999	999
Senior unsecured notes due 2032, interest rate of 6.379%	1,000	1,000
Senior unsecured notes due 2033, interest rate of 6.700%	1,000	1,000
Pollution control and industrial revenue bonds due at various dates through 2030(2)	126	127
Bank loans due at various dates through 2030(3)	311	5
Obligations under finance leases due at various dates through 2054	159	148
Subtotal	12,759	13,400
Unamortized deferred financing costs(4)	(59)	(74)
Current installments of long-term debt	(1,376)	(1,025)
Total	11,324	12,301

______________________________

(1)The interest rate was 6.718% and 6.943% as of September 30, 2024 and December 31, 2023, respectively.

(2)Interest rates range from 4.1% to 5.0%.

(3)The weighted average interest rate was 2.8% and 2.6% as of September 30, 2024 and December 31, 2023, respectively.

(4)Related to the Company's long-term debt, excluding obligations under finance leases.

Schedule of Balances Available for Borrowing

The Company's debt balances and amounts available for borrowing under its senior unsecured revolving credit facilities are as follows:

	As of September 30, 2024
	(In $ millions)
U.S. Revolving Credit Facility
Borrowings outstanding	120
Available for borrowing	1,630
China Revolving Credit Facilities
Borrowings outstanding	57
Available for borrowing	64