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Debt (Tables) | 9 Months Ended
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Sep. 30, 2024
Debt Disclosure [Abstract] |
Schedule of Short-term Debt |
| As of September 30, 2024 |  | As of December 31, 2023
| (In $ millions)
Short-Term Borrowings and Current Installments of Long-Term Debt - Third Party and Affiliates |  |  |
Current installments of long-term debt | 1,376 |  |  | 1,025 |
Short-term borrowings, including amounts due to affiliates(1) | 54 |  |  | 146 |
Revolving credit facilities(2) | 177 |  |  | 212 |
Total | 1,607 |  |  | 1,383 |
______________________________ (1)The weighted average interest rate was 2.2% and 2.9% as of September 30, 2024 and December 31, 2023, respectively. (2)The weighted average interest rate was 5.5% and 3.4% as of September 30, 2024 and December 31, 2023, respectively.
Schedule of Long-term Debt |
| As of September 30, 2024 |  | As of December 31, 2023
| (In $ millions)
Long-Term Debt |  |  |
Senior unsecured notes due 2024, interest rate of 3.500% | — |  |  | 473 |
Senior unsecured notes due 2024, interest rate of 5.900% | — |  |  | 527 |
Senior unsecured notes due 2025, interest rate of 1.250% | 336 |  |  | 331 |
Senior unsecured notes due 2025, interest rate of 6.050% | 1,000 |  |  | 1,000 |
Senior unsecured notes due 2026, interest rate of 1.400% | 400 |  |  | 400 |
Senior unsecured notes due 2026, interest rate of 4.777% | 1,120 |  |  | 1,105 |
Senior unsecured notes due 2027, interest rate of 2.125% | 559 |  |  | 551 |
Senior unsecured notes due 2027, interest rate of 6.165% | 2,000 |  |  | 2,000 |
Senior unsecured term loan due 2027(1) | 880 |  |  | 880 |
Senior unsecured notes due 2028, interest rate of 0.625% | 559 |  |  | 552 |
Senior unsecured notes due 2028, interest rate of 6.350% | 1,000 |  |  | 1,000 |
Senior unsecured notes due 2029, interest rate of 5.337% | 560 |  |  | 552 |
Senior unsecured notes due 2029, interest rate of 6.330% | 750 |  |  | 750 |
Senior unsecured notes due 2030, interest rate of 6.550% | 999 |  |  | 999 |
Senior unsecured notes due 2032, interest rate of 6.379% | 1,000 |  |  | 1,000 |
Senior unsecured notes due 2033, interest rate of 6.700% | 1,000 |  |  | 1,000 |
Pollution control and industrial revenue bonds due at various dates through 2030(2) | 126 |  |  | 127 |
Bank loans due at various dates through 2030(3) | 311 |  |  | 5 |
Obligations under finance leases due at various dates through 2054 | 159 |  |  | 148 |
Subtotal | 12,759 |  |  | 13,400 |
Unamortized deferred financing costs(4) | (59) |  |  | (74) |
Current installments of long-term debt | (1,376) |  |  | (1,025) |
Total | 11,324 |  |  | 12,301 |
______________________________ (1)The interest rate was 6.718% and 6.943% as of September 30, 2024 and December 31, 2023, respectively. (2)Interest rates range from 4.1% to 5.0%. (3)The weighted average interest rate was 2.8% and 2.6% as of September 30, 2024 and December 31, 2023, respectively. (4)Related to the Company's long-term debt, excluding obligations under finance leases.
Schedule of Balances Available for Borrowing | The Company's debt balances and amounts available for borrowing under its senior unsecured revolving credit facilities are as follows:
| As of September 30, 2024 |
| (In $ millions) |
U.S. Revolving Credit Facility |  |
Borrowings outstanding | 120 |  |
Available for borrowing | 1,630 |  |
China Revolving Credit Facilities |  |
Borrowings outstanding | 57 |  |
Available for borrowing | 64 |  |

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