XML 51 R23.htm IDEA: XBRL DOCUMENT v2.4.0.6
Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2013
Financial Instruments [Abstract]  
Summary of the fair value of the Company's derivative contracts
                                         
        Fair Value Asset
(Liability)
        Fair Value Asset
(Liability)
 
(in $ millions)  

Balance Sheet

Location

  March 31,
2013
    December 31,
2012
   

Balance Sheet

Location

  March 31,
2013
    December 31,
2012
 

Interest rate swaps

  Other current assets               Accrued expenses and other current liabilities     (2)       (3)  

Foreign currency contracts

  Other current assets     3       10     Accrued expenses and other current liabilities     (6)       (1)  

Foreign currency contracts

  Other non-current assets           5     Other non-current liabilities     —        —   
       

 

 

   

 

 

       

 

 

   

 

 

 

Total fair value of derivative assets (liabilities)

                            3                           15                                    (8)                                (4)  
       

 

 

   

 

 

       

 

 

   

 

 

 
Summary of reconciliation of the net carrying amount of derivative financial instruments
         
(in $ millions)   Three Months
Ended March 31,
2013
 

Net derivative asset (liability) as of January 1

    11   

Total loss (gain) for the period included in net loss

    (15)  

Proceeds from settlement of foreign exchange derivative contracts

    (2)  

Settlement of interest rate derivative contracts

     
   

 

 

 

Net derivative liability as of March 31

    (5)  
   

 

 

 
Impact of changes in fair values of derivatives
                     
        Amount of Gain (Loss)
Recorded into Income (Loss)
 
   

Location of Gain

(Loss) Recorded in

Income (Loss)

  Three Months
Ended

March 31,
 
(in $ millions)     2013     2012  

Derivatives not designated as hedging instruments:

                   

Interest rate swaps

  Interest expense, net     (1)       1  

Foreign currency contracts

  Selling, general and administrative     (14)       14  
       

 

 

   

 

 

 
                        (15)                       15  
       

 

 

   

 

 

 
Fair values of the Company's other financial instruments
                                         
          March 31, 2013     December 31, 2012  
(in $ millions)   Fair Value
Hierarchy
    Carrying
Amount
    Fair Value     Carrying
Amount
    Fair Value  

Asset (liability)

                                       

Investment in Orbitz Worldwide

    Level 1             279        —        133   

Derivative assets (see above)

    Level 3                   15        15   

Derivative liabilities (see above)

    Level 2       (8)       (8)       (4)       (4)  

Total debt

    Level 2       (3,464)       (3,354)       (3,430)       (2,899)