XML 88 R76.htm IDEA: XBRL DOCUMENT v3.20.4
Fair values of financial instruments (Tables)
 12 Months Ended
Dec. 31, 2020
Fair Value Disclosures [Abstract]  
Schedule of fair value of financial instruments measured at amortized cost
The carrying value and estimated fair value of our financial instruments that are measured at amortized cost as at December 31, 2020 and December 31, 2019 are as follows:
December 31, 2020December 31, 2019
(In $ millions)Fair
value		Carrying
value		Fair
value		Carrying
value
Assets
Related party loans receivable (1) (Level 2)
379 379 395 488 
Liabilities
Secured credit facilities (2020: Level 3; 2019: Level 2)
1,193 5,662 5,464 5,549 
Credit facilities contained within variable interest entities (Level 2) (2)
— — 590 598 
Senior Secured Notes (Level 1)
213 515 404 476 
Related party loans payable by the VIE (Level 2) (2)
— — 239 239 
Related party loans payable (Level 3)
424 426 — — 
(1)Excludes Archer convertible debt receivable, which is measured at fair value.
(2)Refer to Note 36 - "Variable Interest Entities" for further information on the Ship Finance SPV's deconsolidation.
Schedule of financial instruments measured at fair value on a recurring basis The carrying value and estimated fair value of our financial instruments that are measured at fair value on a recurring basis at December 31, 2020 and December 31, 2019 are as follows: 
December 31, 2020December 31, 2019
(In $ millions)Fair
value		Carrying
value		Fair
value		Carrying
value
Assets
Cash and cash equivalents (Level 1)
526 526 1,115 1,115 
Restricted cash (Level 1)
197 197 242 242 
Marketable securities (Level 1)
8 8 11 11 
Related party loans receivable - Archer convertible debt (Level 3)
13 13 35 35 
Interest rate cap (Level 2)
— — 3 3 
Temporary equity
Redeemable non-controlling interest (Level 3)
— — 57 57