Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2013

Debt Disclosure [Abstract]

Summary of long-term debt

Long-term debt consisted of:

(in $ millions)	Maturity (1)	June 30, 2013		December 31, 2012
Secured debt
Senior Secured Credit Agreement
Revolver borrowings
Dollar denominated			—		20
Term loans
Dollar denominated	June 2019		1,530		—
Dollar denominated	August 2015		—		1,064
Euro denominated	August 2015		—		284
“Tranche S”	August 2015		—		137
2012 Secured Credit Agreement
Dollar denominated term loan	November 2015		—		171
Second Lien Credit Agreement
Tranche 1 dollar denominated term loans	January 2016		640		—
Tranche 2 dollar denominated term loans	December 2016		229		—
Second Priority Secured Notes
Dollar denominated floating rate notes	December 2016		—		225
Unsecured debt
Senior Notes
Dollar denominated floating rate notes	September 2014		—		122
Euro denominated floating rate notes	September 2014		—		201
97/8% Dollar denominated notes	September 2014		—		429
9% Dollar denominated notes	March 2016		—		250
137/8% Dollar denominated notes	March 2016		406		—
Dollar denominated floating rate notes	March 2016		185		—
Senior Subordinated Notes
117/8% Dollar denominated notes	September 2016		25		—
117/8% Dollar denominated notes	September 2016		247		247
107/8% Euro denominated notes	September 2016		183		184
Capital leases			92		96
Total debt			3,537		3,430
Less: current portion			36		38
Long-term debt			3,501		3,392

(1) The term loans maturing in June 2019 and the revolver availability are subject to a reduction in maturity to November 2015, December 2015, June 2016 or September 2016 if the Company is unable to repay or refinance its outstanding debt under the Second Lien Credit Agreement or its unsecured debt prior to their maturity dates.

Aggregate Maturities of Debt

Aggregate maturities of debt are as follows:

(in $ millions)	Twelve Months Ending June 30,
2014		36
2015		36
2016		1,264
2017		713
2018 (1)		24
Thereafter (1)		1,464
		3,537

(1) The term loans maturing in June 2019 and the revolver availability are subject to a reduction in maturity to November 2015, December 2015, June 2016 or September 2016 if the Company is unable to repay or refinance its outstanding debt under the Second Lien Credit Agreement or its unsecured debt prior to their maturity dates.

Summary of Movement in Deferred Financing Costs

The movement in deferred financing costs is summarized below:

(in $ millions)	Six Months Ended June 30, 2013
Balance as of January 1		74
Capitalization of debt finance costs		29
Amortization		(18)
Written-off as loss on extinguishment		(39)
Balance as of June 30		46