Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2013

Debt Disclosure [Abstract]

Summary of Long-term Debt

Long-term debt consisted of:

(in $ millions)	Maturity (1)	September 30, 2013		December 31, 2012
Secured debt
Senior Secured Credit Agreement
Revolver borrowings
Dollar denominated			—		20
Term loans
Dollar denominated	June 2019		1,528		—
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 loan	January 2016		642		—
Tranche 2 dollar denominated term loan	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		186		—
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		189		184
Capital leases			91		96
Total debt			3,543		3,430
Less: current portion			38		38
Long-term debt			3,505		3,392

(1) The term loans maturing in June 2019 and the revolver availability through June 2018 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 September 30, (2)
2014		38
2015		37
2016		1,728
2017		259
2018		21
Thereafter (1)		1,460
		3,543

(1) The term loans maturing in June 2019 and the revolver availability through June 2018 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.

(2) The above table excludes (i) $83 million of payment-in-kind interest and repayment fees that will be accrued over the term of the Tranche 2 Loans and Senior Notes and (ii) $28 million of debt discount on term loans under the Sixth Amendment and Restated Credit Agreement and Second Lien Credit Agreement.

Summary of Movement in Deferred Financing Costs

The movement in deferred financing costs is summarized below:

(in $ millions)	Nine Months Ended September 30, 2013
Balance as of January 1		74
Capitalization of debt finance costs		29
Amortization		(21)
Written-off as loss on extinguishment		(39)
Balance as of September 30		43