Financial Risk Management Activities (Tables)

3 Months Ended

Mar. 31, 2016

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Gross Notional Volumes of Financial Risk Management Derivative Contracts Outstanding

The gross volumes of the financial risk management derivative contracts outstanding were as follows:  

	March 31, 2016		December 31, 2015
	(In millions of USD)
Foreign exchange	$	837	$	967
Interest rate swaps	$	1,300	$	1,300

Gross and Net Fair Values of Financial Risk Management Derivative Instruments

The table below reflects the gross and net fair values of the risk management derivative instruments, all of which are based on Level 2 inputs:

	Accounts Receivable			Accounts Payable
	(In millions)
March 31, 2016
Derivative Contracts Designated as Hedging Instruments
Interest rate	$	15		$	—
Total derivative contracts designated as hedging instruments		15			—
Derivative Contracts Not Designated as Hedging Instruments
Foreign exchange		—			(21	)
Total derivative contracts not designated as hedging instruments		—			(21	)
Gross fair value of derivative contracts		15			(21	)
Net Fair Value of Derivative Contracts	$	15		$	(21	)
December 31, 2015
Derivative Contracts Designated as Hedging Instruments
Interest rate	$	3		$	—
Total derivative contracts designated as hedging instruments		3			—
Derivative Contracts Not Designated as Hedging Instruments
Foreign exchange		19			(3	)
Total derivative contracts not designated as hedging instruments		19			(3	)
Gross fair value of derivative contracts		22			(3	)
Master netting arrangements		(3	)		3
Net Fair Value of Derivative Contracts	$	19		$	—