Compensation and Retirement Disclosure [Abstract] | Period [Axis] |
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2016-01-01 - 2016-12-31 |
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Compensation and Retirement Disclosure [Abstract] | |
Schedule of Contributions to Multiemployer Defined Benefit Pension Plans | Contributions made by the Company to the German multiemployer plan are as follows: | | | | | | | | | | | Year Ended December 31, | | 2016 | | 2015 | | 2014 | | (In $ millions) | Multiemployer defined benefit plan | 7 |
| | 6 |
| | 8 |
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Schedule of Postemployment Obligations | Postemployment obligations are as follows: | | | | | | | | As of December 31, | | 2016 | | 2015 | | (In $ millions) | Postemployment benefits | 9 |
| | 11 |
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Schedule of Contributions to Defined Contribution Plans | The amount of costs recognized for the Company's defined contribution plans are as follows: | | | | | | | | | | | Year Ended December 31, | | 2016 | | 2015 | | 2014 | | (In $ millions) | Defined contribution plans | 43 |
| | 44 |
| | 40 |
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Schedule of Company's Pension and Post Retirement Benefit Plans | Summarized information on the Company's pension and postretirement benefit plans is as follows: | | | | | | | | | | | | | | Pension Benefits As of December 31, | | Postretirement Benefits As of December 31, | | 2016 | | 2015 | | 2016 | | 2015 | | (In $ millions) | Change in Projected Benefit Obligation | | | | | | | | Projected benefit obligation as of beginning of period | 3,635 |
| | 3,915 |
| | 66 |
| | 85 |
| Service cost | 8 |
| | 12 |
| | — |
| | 1 |
| Interest cost | 113 |
| | 139 |
| | 2 |
| | 3 |
| Participant contributions | — |
| | — |
| | — |
| | 1 |
| Plan amendments | — |
| | — |
| | — |
| | (6 | ) | Net actuarial (gain) loss(1) | 102 |
| | (141 | ) | | 3 |
| | (8 | ) | Settlements | (1 | ) | | — |
| | — |
| | — |
| Benefits paid | (232 | ) | | (234 | ) | | (4 | ) | | (5 | ) | Federal subsidy on Medicare Part D | — |
| | — |
| | — |
| | — |
| Curtailments | — |
| | (1 | ) | | — |
| | — |
| Special termination benefits | 3 |
| | 2 |
| | — |
| | — |
| Exchange rate changes | (18 | ) | | (65 | ) | | — |
| | (5 | ) | Other | — |
| | 8 |
| | — |
| | — |
| Projected benefit obligation as of end of period | 3,610 |
| | 3,635 |
| | 67 |
| | 66 |
| Change in Plan Assets | | | | | | | | Fair value of plan assets as of beginning of period | 2,508 |
| | 2,789 |
| | — |
| | — |
| Actual return on plan assets | 177 |
| | (67 | ) | | — |
| | — |
| Employer contributions | 346 |
| | 59 |
| | 4 |
| | 4 |
| Participant contributions | — |
| | — |
| | — |
| | 1 |
| Settlements | (1 | ) | | — |
| | — |
| | — |
| Benefits paid(2) | (232 | ) | | (234 | ) | | (4 | ) | | (5 | ) | Exchange rate changes | (14 | ) | | (39 | ) | | — |
| | — |
| Fair value of plan assets as of end of period | 2,784 |
| | 2,508 |
| | — |
| | — |
| Funded status as of end of period | (826 | ) | | (1,127 | ) | | (67 | ) | | (66 | ) | Amounts Recognized in the Consolidated Balance Sheets Consist of: | | | | | | | | Noncurrent Other assets | 22 |
| | 16 |
| | — |
| | — |
| Current Other liabilities | (25 | ) | | (25 | ) | | (5 | ) | | (4 | ) | Benefit obligations | (823 | ) | | (1,118 | ) | | (62 | ) | | (62 | ) | Net amount recognized | (826 | ) | | (1,127 | ) | | (67 | ) | | (66 | ) | Amounts Recognized in Accumulated Other Comprehensive Income Consist of: | | | | | | | | Net actuarial (gain) loss(3) | 18 |
| | 16 |
| | — |
| | — |
| Prior service (benefit) cost | (1 | ) | | (1 | ) | | (1 | ) | | (4 | ) | Net amount recognized(4) | 17 |
| | 15 |
| | (1 | ) | | (4 | ) |
______________________________ | | (1) | Primarily relates to change in discount rates. |
| | (2) | Includes benefit payments to nonqualified pension plans of $22 million and $22 million as of December 31, 2016 and 2015, respectively. |
| | (3) | Relates to the pension plans of the Company's equity method investments. |
| | (4) | Amount shown net of an income tax benefit of $4 million and $3 million as of December 31, 2016 and 2015, respectively, in the consolidated statements of equity (Note 17). |
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Schedule of Percentage of US and International Projected Benefit Obligation | The percentage of US and international projected benefit obligation at the end of the period is as follows: | | | | | | | | | | Pension Benefits As of December 31, | | Postretirement Benefits As of December 31, | | 2016 | | 2015 | | 2016 | | 2015 | | (In percentages) | US plans | 85 | | 86 | | 57 | | 61 | International plans | 15 | | 14 | | 43 | | 39 | Total | 100 | | 100 | | 100 | | 100 |
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Schedule of Percentage of US and International Fair Value of Plan Assets | The percentage of US and international fair value of plan assets at the end of the period is as follows: | | | | | | Pension Benefits As of December 31, | | 2016 | | 2015 | | (In percentages) | US plans | 88 | | 87 | International plans | 12 | | 13 | Total | 100 | | 100 |
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Schedule of Pension Plans with Projected Benefit Obligations in Excess of Plan Assets | Pension plans with projected benefit obligations in excess of plan assets are as follows: | | | | | | | | As of December 31, | | 2016 | | 2015 | | (In $ millions) | Projected benefit obligation | 3,559 |
| | 3,588 |
| Fair value of plan assets | 2,711 |
| | 2,445 |
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Schedule of Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets | Included in the above table are pension plans with accumulated benefit obligations in excess of plan assets as follows: | | | | | | | | As of December 31, | | 2016 | | 2015 | | (In $ millions) | Accumulated benefit obligation | 3,538 |
| | 3,570 |
| Fair value of plan assets | 2,708 |
| | 2,442 |
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Schedule of Accumulated Benefit Obligation for All Defined Benefit Pension Plans | The accumulated benefit obligation for all defined benefit pension plans is as follows: | | | | | | | | As of December 31, | | 2016 | | 2015 | | (In $ millions) | Accumulated benefit obligation | 3,591 |
| | 3,619 |
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Schedule of Net Periodic Benefit Costs | The components of net periodic benefit cost are as follows: | | | | | | | | | | | | | | | | | | | | Pension Benefits Year Ended December 31, | | Postretirement Benefits Year Ended December 31, | | 2016 | | 2015 | | 2014 | | 2016 | | 2015 | | 2014 | | (In $ millions) | Service cost | 8 |
| | 12 |
| | 11 |
| | — |
| | 1 |
| | 1 |
| Interest cost | 113 |
| | 139 |
| | 168 |
| | 2 |
| | 3 |
| | 4 |
| Expected return on plan assets | (177 | ) | | (209 | ) | | (214 | ) | | — |
| | — |
| | — |
| Amortization of prior service cost / (credit) | — |
| | — |
| | — |
| | (3 | ) | | — |
| | (83 | ) | Recognized actuarial (gain) loss | 101 |
| (1) | 134 |
| (2) | 339 |
| (3) | 2 |
| | (7 | ) | | 11 |
| Curtailment (gain) loss | — |
| | (3 | ) | | — |
| | — |
| | — |
| | — |
| Settlement (gain) loss | — |
| | — |
| | (78 | ) | | — |
| | — |
| | — |
| Special termination benefit | 3 |
| | 2 |
| | — |
| | — |
| | — |
| | — |
| Total | 48 |
| | 75 |
| | 226 |
| | 1 |
| | (3 | ) | | (67 | ) |
______________________________ | | (1) | Includes a gain of $48 million reflecting the incorporation of the RP-2016 mortality tables into the actuarial assumptions for the US pension plans. |
| | (2) | Includes a gain of $62 million reflecting the incorporation of the RP-2015 mortality tables into the actuarial assumptions for the US pension plans. |
| | (3) | Includes a loss of $53 million reflecting the incorporation of the RP-2014 mortality tables into the actuarial assumptions for the US pension plans. |
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Schedule of Amortization of Accumulated Other Comprehensive Income (Loss), Net Into Net Periodic Benefit Cost | Amortization of Accumulated other comprehensive income (loss), net into net periodic benefit cost in 2017 is expected to be as follows: | | | | | | | | Pension Benefits | | Postretirement Benefits | | (In $ millions) | Prior service cost | — |
| | (2 | ) |
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Schedule of Nonqualified Pension Plans Funded with Nonqualified Trusts | The Company maintains nonqualified pension plans funded with nonqualified trusts for certain US employees as follows: | | | | | | | | As of December 31, | | 2016 | | 2015 | | (In $ millions) | Nonqualified Trust Assets | | | | Marketable securities, at fair value | 30 |
| | 30 |
| Noncurrent Other assets, consisting of insurance contracts | 49 |
| | 55 |
| Nonqualified Pension Obligations | | | | Current Other liabilities | 22 |
| | 22 |
| Benefit obligations | 241 |
| | 246 |
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Schedule of Expense Related to Nonqualified Pension Plans Included in Net Periodic Benefit Cost, Excluding Returns on Assets | Expense relating to the nonqualified pension plans included in net periodic benefit cost, excluding returns on the assets held by the nonqualified trusts, is as follows: | | | | | | | | | | | Year Ended December 31, | | 2016 | | 2015 | | 2014 | | (In $ millions) | Total | 18 |
| | — |
| (1) | 43 |
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______________________________ | | (1) | Actuarial gain offset interest cost. |
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Schedule of Principle Weighted Average Assumptions Used to Determine Benefit Obligations and Benefit Cost | The principal weighted average assumptions used to determine benefit obligation are as follows: | | | | | | | | | | Pension Benefits As of December 31, | | Postretirement Benefits As of December 31, | | 2016 | | 2015 | | 2016 | | 2015 | | (In percentages) | Discount Rate Obligations | | | | | | | | US plans | 3.9 | | 4.2 | | 3.8 | | 4.0 | International plans | 2.1 | | 2.6 | | 3.3 | | 3.6 | Combined | 3.7 | | 4.0 | | 3.4 | | 3.7 | Rate of Compensation Increase | | | | | | | | US plans | N/A | | N/A | | | | | International plans | 2.8 | | 2.7 | | | | | Combined | 2.8 | | 2.7 | | | | |
The principal weighted average assumptions used to determine net periodic benefit cost are as follows: | | | | | | | | | | | | | | Pension Benefits Year Ended December 31, | | Postretirement Benefits Year Ended December 31, | | 2016 | | 2015 | | 2014 | | 2016 | | 2015 | | 2014 | | (In percentages) | Discount Rate Obligations | | | | | | | | | | | | US plans | 4.2 | | 3.9 | | 4.7 | | 4.0 | | 3.7 | | 4.3 | International plans | 2.6 | | 2.4 | | 3.7 | | 3.6 | | 3.5 | | 4.5 | Combined | 4.0 | | 3.7 | | 4.6 | | 3.9 | | 3.6 | | 4.4 | Discount Rate Service Cost(1) | | | | | | | | | | | | US plans | 4.5 | | 3.9 | | 4.7 | | 4.2 | | 3.7 | | 4.3 | International plans | 3.1 | | 2.4 | | 3.7 | | 3.8 | | 3.5 | | 4.5 | Combined | 3.1 | | 3.7 | | 4.6 | | 3.8 | | 3.6 | | 4.4 | Discount Rate Interest Cost(1) | | | | | | | | | | | | US plans | 3.4 | | 3.9 | | 4.7 | | 3.1 | | 3.7 | | 4.3 | International plans | 2.2 | | 2.4 | | 3.7 | | 3.1 | | 3.5 | | 4.5 | Combined | 3.2 | | 3.7 | | 4.6 | | 3.1 | | 3.6 | | 4.4 | Expected Return on Plan Assets | | | | | | | | | | | | US plans | 7.5 | | 8.0 | | 8.5 | | | | | | | International plans | 6.1 | | 6.0 | | 6.2 | | | | | | | Combined | 7.3 | | 7.8 | | 8.2 | | | | | | | Rate of Compensation Increase | | | | | | | | | | | | US plans | N/A | | N/A | | 3.0 | | | | | | | International plans | 2.7 | | 2.8 | | 2.8 | | | | | | | Combined | 2.7 | | 2.8 | | 3.0 | | | | | | |
______________________________ | | (1) | Weighted-average discount rates in 2016 reflect the adoption of the full yield curve approach. |
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Schedule of Health Care Cost Trend Rates | The Company's health care cost trend assumptions for US postretirement medical plan's net periodic benefit cost are as follows: | | | | | | | | As of December 31, | | 2016 | | 2015 | | 2014 | | (In percentages, except year) | Health care cost trend rate assumed for next year | 9.5 | | 10.0 | | 7.0 | Health care cost trend ultimate rate | 5.0 | | 5.0 | | 5.0 | Health care cost trend ultimate rate year | 2026 | | 2026 | | 2020 |
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Schedule of Impact of One-Percentage-Point Change in Assumed Health Care Cost Trend | The impact of a one percentage point change in the assumed health care cost trend is as follows: | | | | | | | | Trend Rate Change | | Decreases 1% | | Increases 1% | | (In $ millions) | Postretirement obligations | 2 |
| | 2 |
| Service and interest cost | — |
| | — |
|
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Schedule of Weighted Average Target Asset Allocations | The weighted average target asset allocations for the Company's pension plans in 2016 are as follows: | | | | | | US Plans | | International Plans | | (In percentages) | Bonds - domestic to plans | 54 | | 58 | Equities - domestic to plans | 26 | | 16 | Equities - international to plans | 20 | | — | Other | — | | 26 | Total | 100 | | 100 |
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Schedule of Fair Values of Pension Plan Assets | | | | | | | | | | | | | | | | | | | | | Fair Value Measurement | | Quoted Prices in Active Markets for Identical Assets (Level 1) | | Significant Other Observable Inputs (Level 2) | | Total | | As of December 31, | | 2016 | | 2015 | | 2016 | | 2015 | | 2016 | | 2015 | | (In $ millions) | Assets | | | | | | | | | | | | Cash and cash equivalents | 2 |
| | 4 |
| | — |
| | — |
| | 2 |
| | 4 |
| Derivatives | | | | | | | | | | | | Swaps | — |
| | — |
| | 2 |
| | 25 |
| | 2 |
| | 25 |
| Other | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| Equity securities | | | | | | | | | | | | US companies | 260 |
| | 241 |
| | — |
| | — |
| | 260 |
| | 241 |
| International companies | 345 |
| | 327 |
| | — |
| | — |
| | 345 |
| | 327 |
| Fixed income | | | | | | | | | | | | Corporate debt | — |
| | — |
| | 798 |
| | 692 |
| | 798 |
| | 692 |
| Treasuries, other debt | 37 |
| | 25 |
| | 793 |
| | 742 |
| | 830 |
| | 767 |
| Mortgage backed securities | — |
| | — |
| | 7 |
| | 5 |
| | 7 |
| | 5 |
| Insurance contracts | — |
| | — |
| | 31 |
| | 32 |
| | 31 |
| | 32 |
| Other | 24 |
| | 18 |
| | — |
| | — |
| | 24 |
| | 18 |
| Total investments, at fair value(1) | 668 |
| | 615 |
| | 1,631 |
| | 1,496 |
| | 2,299 |
| | 2,111 |
| Liabilities | | | | | | | | | | | | Derivatives | | | | | | | | | | | | Swaps | — |
| | — |
| | 2 |
| | 25 |
| | 2 |
| | 25 |
| Other | — |
| | — |
| | 1 |
| | — |
| | 1 |
| | — |
| Total liabilities | — |
| | — |
| | 3 |
| | 25 |
| | 3 |
| | 25 |
| Total net assets(2) | 668 |
| | 615 |
| | 1,628 |
| | 1,471 |
| | 2,296 |
| | 2,086 |
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______________________________ | | (1) | In accordance with ASU 2015-07 (Note 2), certain investments that are measured at fair value using the NAV per share practical expedient have not been classified in the fair value hierarchy. Total investments, at fair value, for the year ended December 31, 2016 excludes investments in common/collective trusts, registered investment companies and short-term investment funds with fair values of $195 million, $134 million and $149 million, respectively. Total investments, at fair value, for the year ended December 31, 2015 excludes investments in common/collective trusts, registered investment companies and short-term investment funds with fair values of $251 million, $117 million and $43 million, respectively. |
| | (2) | Total net assets excludes non-financial plan receivables and payables of $20 million and $10 million, respectively, as of December 31, 2016 and $25 million and $14 million, respectively, as of December 31, 2015. Non-financial items include due to/from broker, interest receivables and accrued expenses. |
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Schedule of Company Commitments to Fund Benefit Obligations | Benefit obligation funding is as follows: | | | | | Total Expected 2017 | | (In $ millions) | Cash contributions to defined benefit pension plans | 20 |
| Benefit payments to nonqualified pension plans | 22 |
| Benefit payments to other postretirement benefit plans | 4 |
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Schedule of Pension Benefits Expected to be Paid from the Plans or From the Company's Assets | Pension and postretirement benefits expected to be paid are as follows: | | | | | | | | Pension Benefit Payments(1) | | Company Portion of Postretirement Benefit Cost(2) | | (In $ millions) | 2017 | 233 |
| | 5 |
| 2018 | 231 |
| | 5 |
| 2019 | 229 |
| | 4 |
| 2020 | 228 |
| | 4 |
| 2021 | 225 |
| | 4 |
| 2022-2026 | 1,093 |
| | 19 |
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______________________________ | | (1) | Payments are expected to be made primarily from plan assets. |
| | (2) | Payments are expected to be made primarily from Company assets. |
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