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