Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2013

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Summary of Fair Value of Company's Derivative Contracts

Presented below is a summary of the fair value of the Company’s derivative contracts recorded on the consolidated condensed balance sheets at fair value.

		Fair Value Asset (Liability)					Fair Value Asset (Liability)
(in $ millions)	Balance Sheet Location	September 30, 2013		December 31, 2012		Balance Sheet Location	September 30, 2013		December 31, 2012
Derivatives designated as hedging instruments:
Interest rate caps	Other non-current assets		10		—	Other non-current liabilities		—		—
Derivatives not designated as hedging instruments:
Interest rate swaps	Other current assets		—		—	Accrued expenses and other current liabilities		—		(3)
Foreign currency contracts	Other current assets		6		10	Accrued expenses and other current liabilities		(1)		(1)
Foreign currency contracts	Other non-current assets		—		5	Other non-current liabilities		—		—
Total fair value of derivative assets (liabilities)			16		15			(1)		(4)

Summary of Notional Amounts of Derivative Contracts

As of September 30, 2013, the notional amounts of the above derivative contracts were as follows:

(in $ millions)	Amount
Interest rate caps		2,330
Foreign currency options		215
Foreign currency forwards		195

Summary of Reconciliation of Net Carrying Amount of Derivative Financial Instruments

The following table provides a reconciliation of the movement in the net carrying amount of derivative financial instruments.

(in $ millions)	Nine Months Ended September 30, 2013
Net derivative asset as of January 1		11
Loss for the period included in net loss		(7)
Loss for the period included in other comprehensive income (loss)		(2)
Premium paid for interest rate cap derivative contracts		12
Proceeds from settlement of foreign exchange derivative contracts hedging debt instruments, net		(2)
Settlement of foreign exchange derivative contracts and interest rate swaps, net		7
Termination of foreign currency derivative contracts (settlement pending)		(4)
Net derivative asset as of September 30		15

Impact of Changes in Fair Values of Derivatives

The table below presents the impact of changes in fair value of derivatives on income (loss) during the period.

	Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss)											Amount of Gain (Loss) Recorded Net Income (Loss)
	Three Months Ended September 30,					Nine Months Ended September 30,					Location of Gain (Loss) Recorded in Income (Loss)	Three Months Ended September 30,					Nine Months Ended September 30,
(in $ millions)	2013			2012		2013			2012			2013		2012			2013			2012
Derivatives designated as hedging instruments:
Interest rate caps		(2	)		—		(2	)		—	Interest expense, net		—		—			—			—
Derivatives not designated as hedging instruments:
Interest rate swaps											Interest expense, net		—		(2	)		(3	)		(3	)
Foreign currency contracts											Selling, general and administrative		7		3			(4	)		(8	)
													7		1			(7	)		(11	)

Fair Values of Company's Other Financial Instruments

The fair values of the Company’s other financial instruments are as follows:

			September 30, 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		16			469			—			133
Derivative assets		Level 2		16			16			15			15
Derivative liabilities		Level 2		(1	)		(1	)		(4	)		(4	)
Total debt		Level 2		(3,543	)		(3,614	)		(3,430	)		(2,899	)