Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2014

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.

	Balance Sheet Location	Fair Value Asset				Balance Sheet Location	Fair Value (Liability)
(in $ millions)		June 30, 2014		December 31, 2013			June 30, 2014		December 31, 2013
Derivatives designated as hedging instruments:
Interest rate caps	Other non-current assets	$	—	$	8	Other non-current liabilities	$	—	$	—
Derivatives not designated as hedging instruments:
Foreign currency contracts	Other current assets		1		3	Accrued expenses and other current liabilities		—		(1	)
Interest rate caps	Other non-current assets		4		—	Accrued expenses and other current liabilities		—		—
Total fair value of derivative assets (liabilities)		$	5	$	11		$	—	$	(1	)

Summary of Notional Amounts of Derivative Contracts

As of June 30, 2014, the notional amounts of the above derivative contracts were as follows:

(in $ millions)	Amount
Interest rate caps	$	2,330
Foreign currency forwards	$	103

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, during the six months ended June 30, 2014.

(in $ millions)	Six Months Ended June 30, 2014			Six Months Ended June 30, 2013
Net derivative asset as of January 1	$	10		$	11
Total gain (loss) for the period included in net loss		2			(14	)
Total loss for period accounted through other comprehensive income (loss)		(4	)		—
Proceeds from settlement of foreign exchange derivative contracts		(3	)		(2	)
Settlement of interest rate derivative contracts		—			3
Termination of foreign exchange derivative contracts (settlement pending)		—			(2	)
Net derivative asset (liability) as of June 30	$	5		$	(4	)

Impact of Changes in Fair Values of Derivatives

The table below presents the impact of changes in fair values of derivatives on accumulated other comprehensive income (loss) and on net income (loss) during the three and six months ended June 30, 2014:

	Amount of Gain (Loss) Recognized in Other Comprehensive Income (Loss)								Location of Gain (Loss) Recorded in Income (Loss)	Amount of Gain (Loss) Recorded Net Income (Loss)
	Three Months Ended June 30,				Six Months Ended June 30,					Three Months Ended June 30,						Six Months Ended June 30,
(in $ millions)	2014		2013		2014		2013			2014			2013			2014			2013
Derivatives designated as hedging instruments:
Interest rate caps	$	5	$	—	$	4	$	—	Interest expense, net	$	—		$	—		$	—		$	—
Derivatives not designated as hedging instruments:
Interest rate swaps		N/A		N/A		N/A		N/A	Interest expense, net		(8	)		(2	)		(8	)		(3	)
Foreign currency contracts		N/A		N/A		N/A		N/A	Selling, general and administrative		—			3			2			(11	)
										$	(8	)	$	1		$	(6	)	$	(14	)

Fair Values of Company's Other Financial Instruments

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

	Fair Value Hierarchy	June 30, 2014						December 31, 2013
(in $ millions)		Carrying Amount			Fair Value			Carrying Amount			Fair Value
Asset (liability)
Investment in Orbitz Worldwide	Level 1	$	10		$	354		$	19		$	349
Derivative assets	Level 2		5			5			11			11
Derivative liabilities	Level 2		—			—			(1	)		(1	)
Total debt	Level 2		(3,256	)		(3,363	)		(3,573	)		(3,693