Derivative Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Interest Rate Swap Derivatives
US-dollar interest rate swap derivative arrangements are as follows:
As of September 30, 2014
Notional Value
 
Effective Date
 
Expiration Date
 
Fixed Rate (1)
(In $ millions)
 
 
 
 
 
(In percentages)
500
 
January 2, 2014
 
January 2, 2016
 
1.02
______________________________
(1) 
Fixes the LIBOR portion of the Company's US-dollar denominated variable rate borrowings (Note 9).
As of December 31, 2013
Notional Value
 
Effective Date
 
Expiration Date
 
Fixed Rate (1)
(In $ millions)
 
 
 
 
 
(In percentages)
1,100
 
January 2, 2012
 
January 2, 2014
 
1.71
500
 
January 2, 2014
 
January 2, 2016
 
1.02
______________________________
(1) 
Fixes the LIBOR portion of the Company's US-dollar denominated variable rate borrowings (Note 9).
Schedule of Notional Amounts of Foreign Currency Derivatives
Gross notional values of the foreign currency forwards and swaps are as follows:
 
As of
September 30,
2014
 
As of
December 31,
2013
 
(In $ millions)
Total
608

 
869
Schedule of Cross Currency Swap Derivatives [Table Text Block]
The cross-currency swap agreements are as follows:
As of September 30, 2014
Notional Value
 
Effective Date
 
Expiration Date
 
Fixed Rate
(In millions)
 
 
 
 
 
(In percentages)
$250
(1) 
September 11, 2014
 
September 11, 2020
 
4.27
€193
(2) 
September 11, 2014
 
September 11, 2020
 
2.63
$225
(1) 
April 17, 2014
 
April 17, 2019
 
3.62
€162
(2) 
April 17, 2014
 
April 17, 2019
 
2.77
______________________________
(1) 
Represents the notional amount due from the counterparty at the maturity of the contract.
(2) 
Represents the notional amount due to the counterparty at the maturity of the contract.
Schedule of Changes in Fair Value of Derivatives
Information regarding changes in the fair value of the Company's derivative and non-derivative instruments is as follows:
 
Three Months Ended September 30,
 
 
2014
 
2013
 
 
Gain (Loss)
Recognized in
Other
Comprehensive
Income (Loss)
 
Gain (Loss)
Recognized in
Earnings
(Loss)
 
Gain (Loss)
Recognized in
Other
Comprehensive
Income (Loss)
 
Gain (Loss)
Recognized in
Earnings
(Loss)
 
 
(In $ millions)
 
Designated as Cash Flow Hedges
 

 
 

 
 

 
 

 
Interest rate swaps
—

 
(1
)
(2) 
(2
)
(5) 
(3
)
(2) 
Cross-currency swaps
(9
)
(1) 
25

(3) 
—

 
—

 
Total
(9
)
 
24

 
(2
)
 
(3
)
 
 
 
 
 
 
 
 
 
 
Designated as a Net Investment Hedge
 
 
 
 
 
 
 
 
3.250% Notes
9

 
—

 
—

 
—

 
Not Designated as Hedges
 

 
 

 
 

 
 

 
Foreign currency forwards and swaps
—

 
(4
)
(4) 
—

 
(10
)
(4) 
______________________________
(1) 
Excludes $3 million of tax benefit recognized in Other comprehensive income (loss).
(2) 
Reclassified from Accumulated other comprehensive income (loss), net to Interest income (expense) in the unaudited interim consolidated statements of operations.
(3) 
Included in Other income (expense), net for non-operating activity or Interest income (expense) for coupon interest in the unaudited interim consolidated statements of operations.
(4) 
Included in Foreign exchange gain (loss), net for operating activity or Other income (expense), net for non-operating activity in the unaudited interim consolidated statements of operations.
(5) 
Excludes $1 million of gains associated with the Company's equity method investments' derivative activity and $1 million of tax expense recognized in Other comprehensive income (loss).
 
Nine Months Ended September 30,
 
 
2014
 
2013
 
 
Gain (Loss)
Recognized in
Other
Comprehensive
Income (Loss)
 
Gain (Loss)
Recognized in
Earnings
(Loss)
 
Gain (Loss)
Recognized in
Other
Comprehensive
Income (Loss)
 
Gain (Loss)
Recognized in
Earnings
(Loss)
 
 
(In $ millions)
 
Designated as Cash Flow Hedges
 

 
 

  
 

 
 

 
Interest rate swaps
(1
)
(1) 
(3
)
(3) 
(1
)
(6) 
(8
)
(3) 
Cross-currency swaps
(13
)
(2) 
28

(4) 
—

 
—

 
Total
(14
)
 
25

 
(1
)
 
(8
)
 
 
 
 
 
 
 
 
 
 
Designated as a Net Investment Hedge
 
 
 
 
 
 
 
 
3.250% Notes
9

 
—

 
—

 
—

 
Not Designated as Hedges
 

 
 

 
 

 
 

 
Foreign currency forwards and swaps
—

 
(9
)
(5) 
—

 
(14
)
(5) 
______________________________
(1)
Excludes $4 million of tax expense recognized in Other comprehensive income (loss).
(2) 
Excludes $4 million of tax benefit recognized in Other comprehensive income (loss).
(3) 
Reclassified from Accumulated other comprehensive income (loss), net to Interest income (expense) in the unaudited interim consolidated statements of operations.
(4) 
Included in Other income (expense), net for non-operating activity or Interest income (expense) for coupon interest in the unaudited interim consolidated statements of operations.
(5) 
Included in Foreign exchange gain (loss), net for operating activity or Other income (expense), net for non-operating activity in the unaudited interim consolidated statements of operations.
(6) 
Excludes $3 million of tax expense recognized in Other comprehensive income (loss).
Offsetting Assets

 
As of
September 30,
2014
 
As of
December 31,
2013
 
(In $ millions)
Derivative Assets
 
 
 
Gross amount recognized
33

 
1

Gross amount offset in the consolidated balance sheets
—

 
—

Net amount presented in the consolidated balance sheets
33

 
1

Gross amount not offset in the consolidated balance sheets
5

 
1

Net amount
28

 
—
Offsetting Liabilities
 
As of
September 30,
2014
 
As of
December 31,
2013
 
(In $ millions)
Derivative Liabilities
 
 
 
Gross amount recognized
24

 
16

Gross amount offset in the consolidated balance sheets
—

 
1

Net amount presented in the consolidated balance sheets
24

 
15

Gross amount not offset in the consolidated balance sheets
5

 
1

Net amount
19

 
14