Guarantor and Non-Guarantor Consolidating Condensed Financial Statements

6 Months Ended

Jun. 30, 2014

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Guarantor and Non-Guarantor Consolidating Condensed Financial Statements

15. Guarantor and Non-Guarantor Consolidating Condensed Financial Statements

All of the Company’s secured debt and its unsecured senior notes and senior subordinated notes are unconditionally guaranteed by Travelport Limited, as parent guarantor, Waltonville Limited and TDS Investor (Luxembourg) S.à.r.l., as intermediate parent guarantors, and, subject to certain exceptions, each of the Company’s existing and future domestic 100% owned subsidiaries (the “guarantor subsidiaries”). The guarantees are full, unconditional, joint and several.

The following consolidating condensed financial statements presents the Company’s consolidating condensed statements of operations for the three and six months ended June 30, 2014 and 2013, the consolidating condensed statements of comprehensive income (loss) for the three and six months ended June 30, 2014 and 2013, consolidating condensed balance sheets as of June 30, 2014 and December 31, 2013, and the consolidating condensed statements of cash flows for the six months ended June 30, 2014 and 2013 for: (a) Travelport Limited (the “Parent Guarantor”); (b) Waltonville Limited and TDS Investor (Luxembourg) S.à.r.l. (together, the “Intermediate Parent Guarantor”); (c) Travelport LLC (the “Issuer”); (d) the guarantor subsidiaries; (e) the non-guarantor subsidiaries; (f) elimination and adjusting entries necessary to combine the Parent, Intermediate Parent Guarantor and Issuer with the guarantor and non-guarantor subsidiaries; and (g) the Company on a consolidated basis.

In addition, the Company’s secured debt is unconditionally guaranteed by certain existing non-domestic wholly-owned subsidiaries, the net revenue, assets and operating income of which are included in the non-guarantor subsidiaries.

TRAVELPORT LIMITED

CONSOLIDATING CONDENSED STATEMENTS OF OPERATIONS

For the Three Months Ended June 30, 2014

(in $ millions)	Parent Guarantor			Intermediate Parent Guarantor			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Travelport Consolidated
Net revenue	$	—		$	—		$	—		$	215		$	336		$	—	$	551
Costs and expenses
Cost of revenue		—			—			—			138			199			—		337
Selling, general and administrative		12			(1	)		—			82			4			—		97
Depreciation and amortization		—			—			—			40			17			—		57
Total costs and expenses		12			(1	)		—			260			220			—		491
Operating (loss) income		(12	)		1			—			(45	)		116			—		60
Interest expense, net		—			—			(85	)		(2	)		—			—		(87	)
Loss on early extinguishment of debt		—			—			(9	)		—			—			—		(9	)
Gain on sale of shares of Orbitz Worldwide		—			52			—			—			—			—		52
Equity in earnings (losses) of subsidiaries		16			(144	)		(50	)		—			—			178		—
Income (loss) before income taxes and share of earnings in equity method investments		4			(91	)		(144	)		(47	)		116			178		16
Provision for income taxes		—			—			—			(3	)		(9	)		—		(12	)
Share of earnings in equity method investments		—			1			—			—			—			—		1
Net income (loss)		4			(90	)		(144	)		(50	)		107			178		5
Net income attributable to non-controlling interest in subsidiaries		—			—			—			—			(1	)		—		(1	)
Net income (loss) attributable to the Company	$	4		$	(90	)	$	(144	)	$	(50	)	$	106		$	178	$	4

TRAVELPORT LIMITED

CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

For the Three Months Ended June 30, 2014

(in $ millions)	Parent Guarantor		Intermediate Parent Guarantor			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Travelport Consolidated
Net income (loss)	$	4	$	(90	)	$	(144	)	$	(50	)	$	107		$	178		$	5
Other comprehensive income (loss), net of tax
Currency translation adjustment, net of tax		—		—			—			—			1			—			1
Realization of losses on cash flow hedges, net of tax		—		—			5			—			—			—			5
Unrealized loss on equity investment, net of tax		—		(3	)		—			—			—			—			(3	)
Equity in other comprehensive income of subsidiaries		3		5			—			—			—			(8	)		—
Other comprehensive income (loss), net of tax		3		2			5			—			1			(8	)		3
Comprehensive income (loss)		7		(88	)		(139	)		(50	)		108			170			8
Comprehensive income attributable to non-controlling interest in subsidiaries		—		—			—			—			(1	)		—			(1	)
Comprehensive income (loss) attributable to the Company	$	7	$	(88	)	$	(139	)	$	(50	)	$	107		$	170		$	7

TRAVELPORT LIMTED

CONSOLIDATING CONDENSED STATEMENTS OF OPERATIONS

For the Three Months Ended June 30, 2013

(in $ millions)	Parent Guarantor			Intermediate Parent Guarantor			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Travelport Consolidated
Net revenue	$	—		$	—		$	—		$	205		$	332		$	—	$	537
Costs and expenses
Cost of revenue		—			—			—			115			211			—		326
Selling, general and administrative		8			—			12			33			53			—		106
Depreciation and amortization		—			—			—			35			14			—		49
Total costs and expenses		8			—			12			183			278			—		481
Operating (loss) income		(8	)		—			(12	)		22			54			—		56
Interest expense, net		—			—			(101	)		(3	)		—			—		(104	)
Loss on early extinguishment of debt		—			—			(49	)		—			—			—		(49	)
Equity in (losses) earnings of subsidiaries		(97	)		(143	)		18			—			—			222		—
(Loss) income before income taxes and share of earnings (losses) in equity method investments		(105	)		(143	)		(144	)		19			54			222		(97	)
Provision for income taxes		—			—			1			(1	)		(6	)		—		(6	)
Share of earnings (losses) in equity method investments		—			—			—			—			—			—		—
Net (loss) income		(105	)		(143	)		(143	)		18			48			222		(103	)
Net income attributable to non-controlling interest in subsidiaries		—			—			—			—			(2	)		—		(2	)
Net (loss) income attributable to the Company	$	(105	)	$	(143	)	$	(143	)	$	18		$	46		$	222	$	(105	)

TRAVELPORT LIMITED

CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

For the Three Months Ended June 30, 2013

(in $ millions)	Parent Guarantor			Intermediate Parent Guarantor			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Travelport Consolidated
Net (loss) income	$	(105	)	$	(143	)	$	(143	)	$	18		$	48		$	222	$	(103	)
Other comprehensive income (loss), net of tax
Currency translation adjustment, net of tax		—			—			—			—			(5	)		—		(5	)
Unrealized actuarial loss on defined benefit plans, net of tax		—			—			—			(1	)		—			—		(1	)
Unrealized gain on equity investment, net of tax		—			6			—			—			—			—		6
Equity in other comprehensive loss of subsidiaries		—			(1	)		(1	)		—			—			2		—
Other comprehensive income (loss), net of tax		—			5			(1	)		(1	)		(5	)		2		—
Comprehensive (loss) income		(105	)		(138	)		(144	)		17			43			224		(103	)
Comprehensive income attributable to non-controlling interest in subsidiaries		—			—			—			—			(2	)		—		(2	)
Comprehensive (loss) income attributable to the Company	$	(105	)	$	(138	)	$	(144	)	$	17		$	41		$	224	$	(105	)

TRAVELPORT LIMITED

CONSOLIDATING CONDENSED STATEMENTS OF OPERATIONS

For the Six Months Ended June 30, 2014

(in $ millions)	Parent Guarantor			Intermediate Parent Guarantor			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Travelport Consolidated
Net revenue	$	—		$	—		$	—		$	425		$	698		$	—	$	1,123
Costs and expenses
Cost of revenue		—			—			—			274			416			—		690
Selling, general and administrative		15			(3	)		(1	)		85			89			—		185
Depreciation and amortization		—			—			—			94			19			—		113
Total costs and expenses		15			(3	)		(1	)		453			524			—		988
Operating (loss) income		(15	)		3			1			(28	)		174			—		135
Interest expense, net		—			—			(166	)		(4	)		—			—		(170	)
Loss on early extinguishment of debt		—			—			(14	)		—			—			—		(14	)
Gain on sale of shares of Orbitz Worldwide		—			52			—			—			—			—		52
Equity in earnings (losses) of subsidiaries		(10	)		(217	)		(38	)		—			—			265		—
(Loss) income before income taxes and share of losses in equity method investments		(25	)		(162	)		(217	)		(32	)		174			265		3
Provision for income taxes		—			—			—			(6	)		(16	)		—		(22	)
Share of losses in equity method investments		—			(3	)		—			—			—			—		(3	)
Net (loss) income		(25	)		(165	)		(217	)		(38	)		158			265		(22	)
Net income attributable to non-controlling interest in subsidiaries		—			—			—			—			(3	)		—		(3	)
Net (loss) income attributable to the Company	$	(25	)	$	(165	)	$	(217	)	$	(38	)	$	155		$	265	$	(25	)

TRAVELPORT LIMITED

CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

For the Six Months Ended June 30, 2014

(in $ millions)	Parent Guarantor			Intermediate Parent Guarantor			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Travelport Consolidated
Net (loss) income	$	(25	)	$	(165	)	$	(217	)	$	(38	)	$	158		$	265		$	(22	)
Other comprehensive income (loss), net of tax
Currency translation adjustment, net of tax		—			—			—			—			2			—			2
Realization of losses on cash flow hedges, net of tax		—			—			4			—			—			—			4
Unrealized loss on equity investment, net of tax		—			(4	)		—			—			—			—			(4	)
Equity in other comprehensive income of subsidiaries		2			4			—			—			—			(6	)		—
Other comprehensive income (loss), net of tax		2			—			4			—			2			(6	)		2
Comprehensive (loss) income		(23	)		(165	)		(213	)		(38	)		160			259			(20	)
Comprehensive income attributable to non-controlling interest in subsidiaries		—			—			—			—			(3	)		—			(3	)
Comprehensive (loss) income attributable to the Company	$	(23	)	$	(165	)	$	(213	)	$	(38	)	$	157		$	259		$	(23	)

TRAVELPORT LIMITED

CONSOLIDATING CONDENSED STATEMENTS OF OPERATIONS

For the Six Months Ended June 30, 2013

(in $ millions)	Parent Guarantor			Intermediate Parent Guarantor			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Travelport Consolidated
Net revenue	$	—		$	—		$	—		$	417		$	668		$	—	$	1,085
Costs and expenses
Cost of revenue		—			—			—			253			406			—		659
Selling, general and administrative		16			—			8			55			121			—		200
Depreciation and amortization		—			—			—			74			27			—		101
Total costs and expenses		16			—			8			382			554			—		960
Operating (loss) income		(16	)		—			(8	)		35			114			—		125
Interest expense, net		—			—			(169	)		(5	)		—			—		(174	)
Loss on early extinguishment of debt		—			—			(49	)		—			—			—		(49	)
Equity in (losses) earnings of subsidiaries		(99	)		(198	)		28			—			—			269		—
(Loss) income before income taxes and share of earnings in equity method investments		(115	)		(198	)		(198	)		30			114			269		(98	)
Provision for income taxes		—			—			—			(2	)		(15	)		—		(17	)
Share of earnings in equity method investments		—			2			—			—			—			—		2
Net (loss) income		(115	)		(196	)		(198	)		28			99			269		(113	)
Net income attributable to non-controlling interest in subsidiaries		—			—			—			—			(2	)		—		(2	)
Net (loss) income attributable to the Company	$	(115	)	$	(196	)	$	(198	)	$	28		$	97		$	269	$	(115	)

TRAVELPORT LIMITED

CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

For the Six Months Ended June 30, 2013

(in $ millions)	Parent Guarantor			Intermediate Parent Guarantor			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Travelport Consolidated
Net (loss) income	$	(115	)	$	(196	)	$	(198	)	$	28		$	99		$	269	$	(113	)
Other comprehensive income (loss), net of tax
Currency translation adjustment, net of tax		—			—			—			—			(8	)		—		(8	)
Unrealized actuarial loss on defined benefit plans, net of tax		—			—			—			(1	)		—			—		(1	)
Unrealized gain on equity investment, net of tax		—			11			—			—			—			—		11
Equity in other comprehensive income (loss) of subsidiaries		2			(1	)		(1	)		—			—			—		—
Other comprehensive income (loss), net of tax		2			10			(1	)		(1	)		(8	)		—		2
Comprehensive (loss) income		(113	)		(186	)		(199	)		27			91			269		(111	)
Comprehensive income attributable to non-controlling interest in subsidiaries		—			—			—			—			(2	)		—		(2	)
Comprehensive (loss) income attributable to the Company	$	(113	)	$	(186	)	$	(199	)	$	27		$	89		$	269	$	(113	)

TRAVELPORT LIMITED

CONSOLIDATING CONDENSED BALANCE SHEETS

As of June 30, 2014

(in $ millions)	Parent Guarantor			Intermediate Parent Guarantor			Issuer			Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Travelport Consolidated
Assets
Current assets:
Cash and cash equivalents	$	—		$	—		$	29		$	5	$	59	$	—	$	93
Accounts receivable, net		—			—			—			4		211		—		215
Deferred income taxes		—			—			—			—		1		—		1
Other current assets		2			—			3			20		87		—		112
Total current assets		2			—			32			29		358		—		421
Investment in subsidiary/intercompany		(1,081	)		(1,266	)		1,851			—		—		496		—
Property and equipment, net		—			—			—			390		23		—		413
Goodwill		—			—			—			960		40		—		1,000
Trademarks and tradenames		—			—			—			313		1		—		314
Other intangible assets, net		—			—			—			554		115		—		669
Cash held as collateral		—			—			70			—		—		—		70
Investment in Orbitz Worldwide		—			10			—			—		—		—		10
Deferred income tax		—			—			—			—		5		—		5
Other non-current assets		—			—			35			27		52		—		114
Total assets	$	(1,079	)	$	(1,256	)	$	1,988		$	2,273	$	594	$	496	$	3,016
Liabilities and equity
Current liabilities:
Accounts payable	$	—		$	—		$	—		$	37	$	21		—	$	58
Accrued expenses and other current liabilities		9			—			91			136		319		—		555
Deferred income taxes		—			—			—			24		—		—		24
Current portion of long-term debt		—			—			16			30		—		—		46
Total current liabilities		9			—			107			227		340		—		683
Long-term debt		—			—			3,142			68		—		—		3,210
Deferred income taxes		—			—			—			19		5		—		24
Other non-current liabilities		—			—			5			108		55		—		168
Total liabilities		9			—			3,254			422		400				4,085
Total shareholders’ equity (deficit) / intercompany		(1,088	)		(1,256	)		(1,266	)		1,851		175		496		(1,088	)
Equity attributable to non-controlling interest in subsidiaries		—			—			—			—		19		—		19
Total equity (deficit)/intercompany		(1,088	)		(1,256	)		(1,266	)		1,851		194		496		(1,069	)
Total liabilities and equity	$	(1,079	)	$	(1,256	)	$	1,988		$	2,273	$	594	$	496	$	3,016

TRAVELPORT LIMITED

CONSOLIDATING CONDENSED BALANCE SHEETS

As of December 31, 2013

(in $ millions)	Parent Guarantor			Intermediate Parent Guarantor			Issuer			Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Travelport Consolidated
Assets
Current assets:
Cash and cash equivalents	$	—		$	—		$	25		$	51	$	78	$	—	$	154
Accounts receivable, net		—			—			—			51		126		—		177
Deferred income taxes		—			—			—			—		1		—		1
Other current assets		—			—			7			26		101		—		134
Total current assets		—			—			32			128		306		—		466
Investment in subsidiary/intercompany		(1,315	)		(1,426	)		1,991			—		—		750		—
Property and equipment, net		—			—			—			405		23		—		428
Goodwill		—			—			—			960		26		—		986
Trademarks and tradenames		—			—			—			313		1		—		314
Other intangible assets, net		—			—			—			577		94		—		671
Cash held as collateral		—			—			79			—		—		—		79
Investment in Orbitz Worldwide		—			19			—			—		—		—		19
Deferred income tax		—			—			—			—		5		—		5
Other non-current assets		—			—			48			35		37		—		120
Total assets	$	(1,315	)	$	(1,407	)	$	2,150		$	2,418	$	492	$	750	$	3,088
Liabilities and equity
Current liabilities:
Accounts payable	$	—		$	—		$	—		$	45	$	27	$	—	$	72
Accrued expenses and other current liabilities		15			1			104			124		296		—		540
Deferred income taxes		—			—			—			24		—		—		24
Current portion of long-term debt		—			—			16			29		—		—		45
Total current liabilities		15			1			120			222		323		—		681
Long-term debt		—			—			3,450			78		—		—		3,528
Deferred income taxes		—			—			—			14		4		—		18
Other non-current liabilities		—			—			6			113		53		—		172
Total liabilities		15			1			3,576			427		380		—		4,399
Total shareholders’ equity (deficit) / intercompany		(1,330	)		(1,408	)		(1,426	)		1,991		93		750		(1,330	)
Equity attributable to non-controlling interest in subsidiaries		—			—			—			—		19		—		19
Total equity (deficit)/ intercompany		(1,330	)		(1,408	)		(1,426	)		1,991		112		750		(1,311	)
Total liabilities and equity	$	(1,315	)	$	(1,407	)	$	2,150		$	2,418	$	492	$	750	$	3,088

TRAVELPORT LIMITED

CONSOLIDATING CONDENSED STATEMENTS OF CASH FLOWS

For the Six Months Ended June 30, 2014

(in $ millions)	Parent Guarantor			Intermediate Parent Guarantor			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Travelport Consolidated
Operating activities
Net (loss) income	$	(25	)	$	(165	)	$	(217	)	$	(38	)	$	158		$	265		$	(22	)
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:
Depreciation and amortization		—			—			—			94			19			—			113
Amortization of customer loyalty payments		—			—			—			11			26			—			37
Gain on sale of shares of Orbitz Worldwide		—			(52	)		—			—			—			—			(52	)
Amortization of debt finance costs		—			—			6			—			—			—			6
Accrual of repayment fee and amortization of debt discount		—			—			5			—			—			—			5
Loss on early extinguishment of debt		—			—			14			—			—			—			14
Payment-in-kind interest		—			—			12			—			—			—			12
Share of losses in equity method investments		—			3			—			—			—			—			3
Equity-based compensation		9			—			—			—			—			—			9
Deferred income taxes		—			—			—			5			—			—			5
Pension liability contribution		—			—			—			(3	)		—			—			(3	)
Customer loyalty payments		—			—			—			(22	)		(23	)		—			(45	)
Changes in assets and liabilities:
Accounts receivable		—			—			—			9			(47	)		—			(38	)
Other current assets		(2	)		—			4			6			1			—			9
Accounts payable, accrued expenses and other current liabilities		6			1			12			(4	)		(37	)		—			(22	)
Other		—			—			7			13			(9	)		—			11
Net cash (used in) provided by operating activities		(12	)		(213	)		(157	)		71			88			265			42
Investing activities
Property and equipment additions		—			—			—			(52	)		(2	)		—			(54	)
Proceeds from sale of shares of Orbitz Worldwide		—			54			—			—			—			—			54
Purchase of non-controlling interest in a subsidiary		—			—			—			—			(65	)		—			(65	)
Business acquired		—			—			—			—			(10	)		—			(10	)
Purchase of equity method investment		—			—			—			—			(10	)		—			(10	)
Net intercompany funding		12			159			164			(50	)		(20	)		(265	)		—
Net cash provided by (used in) investing activities		12			213			164			(102	)		(107	)		(265	)		(85	)

TRAVELPORT LIMITED

CONSOLIDATING CONDENSED STATEMENTS OF CASH FLOWS

For the Six Months Ended June 30, 2014

(in $ millions)	Parent Guarantor		Intermediate Parent Guarantor		Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations		Travelport Consolidated
Financing activities
Proceeds from revolver borrowings		—		—		50			—			—			—		50
Repayment of revolver borrowings		—		—		(50	)		—			—			—		(50	)
Repayment of capital lease obligations		—		—		—			(15	)		—			—		(15	)
Release of cash provided as collateral		—		—		9			—			—			—		9
Repayment of term loans		—		—		(8	)		—			—			—		(8	)
Payment related to early extinguishment of debt		—		—		(3	)		—			—			—		(3	)
Other		—		—		(1	)		—			—			—		(1	)
Net cash used in financing activities		—		—		(3	)		(15	)		—			—		(18	)
Net increase (decrease) in cash and cash equivalents		—		—		4			(46	)		(19	)		—		(61	)
Cash and cash equivalents at beginning of period		—		—		25			51			78			—		154
Cash and cash equivalents at end of period		—		—	$	29		$	5		$	59			—	$	93

TRAVELPORT LIMITED

CONSOLIDATING CONDENSED STATEMENTS OF CASH FLOWS

For the Six Months Ended June 30, 2013

(in $ millions)	Parent Guarantor			Intermediate Parent Guarantor			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminations			Travelport Consolidated
Operating activities
Net (loss) income	$	(115	)	$	(196	)	$	(198	)	$	28		$	99		$	269		$	(113	)
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:
Depreciation and amortization		—			—			—			74			27			—			101
Amortization of customer loyalty payments		—			—			—			8			21			—			29
Amortization of debt finance costs and debt discount		—			—			19			—			—			—			19
Accrual of repayment fee and amortization of debt discount		—			—			1			—			—			—			1
Loss on early extinguishment of debt		—			—			49			—			—			—			49
Payment-in-kind interest		—			—			9			—			—			—			9
Share of earnings in equity method investments		—			(2	)		—			—			—			—			(2	)
Equity-based compensation		2			—			—			—			—			—			2
Equity in losses (earnings) of subsidiaries		99			198			(28	)		—			—			(269	)		—
Customer loyalty payments		—			—			—			(8	)		(28	)		—			(36	)
Changes in assets and liabilities:
Accounts receivable		—			—			—			(25	)		(40	)		—			(65	)
Other current assets		—			—			—			7			(11	)		—			(4	)
Accounts payable, accrued expenses and other current liabilities		—			—			19			28			(56	)		—			(9	)
Other		—			—			21			21			(11	)		—			31
Net cash (used in) provided by operating activities		(14	)		—			(108	)		133			1			—			12
Investing activities
Property and equipment additions		—			—			—			(44	)		(2	)		—			(46	)
Other		—			—			—			(6	)		—			—			(6	)
Net intercompany funding		20			—			35			(75	)		20			—			—
Net cash provided by (used in) investing activities		20			—			35			(125	)		18			—			(52	)

TRAVELPORT LIMITED

CONSOLIDATING CONDENSED STATEMENTS OF CASH FLOWS

For the Six Months Ended June 30, 2013

(in $ millions)	Parent Guarantor			Intermediate Parent Guarantor		Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries		Eliminations		Travelport Consolidated
Financing activities
Proceeds from revolver borrowings		—			—		53			—			—		—		53
Repayment of revolver borrowings		—			—		(73	)		—			—		—		(73	)
Repayment of capital lease obligations		—			—		—			(8	)		—		—		(8	)
Release of cash provided as collateral		—			—		137			—			—		—		137
Repayment of term loans		—			—		(1,659	)		—			—		—		(1,659	)
Proceeds from new term loans		—			—		2,169			—			—		—		2,169
Repurchase of Senior Notes		—			—		(413	)		—			—		—		(413	)
Cash provided as collateral		—			—		(93	)		—			—		—		(93	)
Debt finance costs		—			—		(55	)		—			—		—		(55	)
Distribution to a parent company		(6	)		—		—			—			—		—		(6	)
Other		—			—		(4	)		—			—		—		(4	)
Net cash provided by (used in) financing activities		(6	)		—		62			(8	)		—		—		48
Effect of changes in exchange rates on cash and cash equivalents		—			—		—			(1	)		—		—		(1	)
Net (decrease) increase in cash and cash equivalents		—			—		(11	)		(1	)		19		—		7
Cash and cash equivalents at beginning of period		—			—		51			3			56		—		110
Cash and cash equivalents at end of period		—			—	$	40		$	2		$	75		—	$	117