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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
 12 Months Ended
Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Interest Rate Swap
The following table summarizes the Company’s interest rate swaps designated as fair value hedges:
Nature of SwapNotional Amount
As of December 31,		Floating Interest Rate
Hedged Item20192018
2010 Senior Notes due 2020Pay Floating/Receive Fixed$—  $500  3-month LIBOR
2012 Senior Notes due 2022Pay Floating/Receive Fixed$330  $330  3-month LIBOR
2017 Senior Notes due 2021Pay Floating/Receive Fixed$500  $500  3-month LIBOR
2017 Senior Notes due 2023Pay Floating/Receive Fixed$250  $—  3-month LIBOR
Total$1,080  $1,330  
The following table provides information on the cross-currency swaps designated as net investment hedges under ASC Topic 815:
December 31, 2019
Pay
Receive
Nature of Swap
Notional Amount
Weighted Average Interest Rate
Notional Amount
Weighted Average Interest Rate
Pay Fixed/Receive Fixed€1,079  1.43%  $1,220  3.96%  
Pay Floating/Receive Floating931  Based on 3-month EURIBOR1,080  Based on 3-month USD LIBOR
Total€2,010  $2,300  
December 31, 2018
Pay
Receive
Nature of Swap
Notional Amount
Weighted Average Interest Rate
Notional Amount
Weighted Average Interest Rate
Pay Floating/Receive Floating€710  Based on 3-month EURIBOR$830  Based on 3-month USD LIBOR
Total
€710  $830  
Gains and Losses on Derivatives Designated as Hedging Instruments
The following table summarizes the impact to the statement of operations of the Company’s interest rate swaps designated as fair value hedges:
Total amounts of financial statement line item presented in the statements of operations in which the effects of fair value hedges are recordedAmount of Income
Recognized in the Consolidated
Statements of Operations
Year Ended December 31,
201920182017
Interest expense, net$(208) $(215) $(209) 

Descriptions		Location on Consolidated Statements of Operations
Net interest settlements and accruals on interest rate swapsInterest expense, net$3  $(2) $7  
Fair value changes on interest rate swapsInterest expense, net25  2  (9) 
Fair value changes on hedged debtInterest expense, net$(25) $(2) $9  
Amount of Gain/(Loss) Recognized in AOCI on Derivative Net Investment Hedging Relationships (Effectiveness Portion)
The following table provides information on the gains/(losses) on the Company’s net investment and cash flow hedges:
Amount of Gain/(Loss)
Recognized in AOCI on
Derivative,
net of Tax		Amount of Gain/(Loss)
Reclassified from AOCI into
Income,
net of tax		Gain/(Loss) Recognized in
Income on Derivative
(Amount Excluded from
Effectiveness Testing)
Derivative and Non-Derivative Instruments in Net Investment Hedging RelationshipsYear Ended December 31,Year Ended December 31,Year Ended December 31,
201920182017
(2)
201920182017
(2)
2019
(3)
2018
(3)
2017
FX forward contracts$4  $—  $1  $2  $—  $—  $—  $—  $—  
Cross currency swaps29  12  —  —  —  —  52  11  —  
Long-term debt(7) 
(1)
22  (37) —  —  —  —  —  —  
Total net investment hedges$26  $34  $(36) $2  $—  $—  $52  $11  $—  
Derivatives in Cash Flow Hedging
Relationships
Cross currency swap$—  $2  $6  $—  $—  $8  $—  $—  $—  
Interest rate contracts—  (2) —  —  —  (1) —  —  —  
Total cash flow hedges—  —  6  —  —  7  —  —  —  
Total$26  $34  $(30) $2  $—  $7  $52  $11  $—  
(1)Due to the Company's adoption of ASU 2018-02 during 2019, $3 million related to the tax effect of this net investment hedge was reclassified to retained earnings. Refer to Note 1 for further details.
(2)For the year ended December 31, 2017, amount of gain or (loss) represents only the effective portion of the hedging relationship as this period was prior to the Company’s 2018 initial application of ASU 2017-12.
(3)Effective with the adoption of ASU 2017-12, the Company has elected to assess the effectiveness of its net investment hedges based on changes in spot exchange rates. Accordingly, amounts related to cross-currency swaps recognized directly into Net Income during 2018 and 2019 represent net periodic interest settlements and accruals, which are recognized in interest expense, net.
Cumulative Amount of Unrecognized Hedge Losses Recorded in Accumulated Other Comprehensive Income
The cumulative amount of net investment hedge and cash flow hedge gains (losses) remaining in AOCI is as follows:
Cumulative Gains/(Losses), net of tax
December 31, 2019December 31, 2018
Net investment hedges
Cross currency swaps$41  $12  
FX forwards 26  24  
Long-term debt (13) (3) 
Total net investment hedges54  33  
Cash flow hedges
Interest Rate Contract(2) (2) 
Cross-currency swap2  2  
Total cash flow hedges—  —  
Total net gain in AOCI$54  $33  
Summary of Notional Amounts of Outstanding Foreign Exchange Forwards
The following table summarizes the notional amounts of the Company’s outstanding foreign exchange forwards:
 December 31, 2019December 31, 2018
Notional Amount of Currency Pair:SellBuySellBuy
Contracts to sell USD for GBP$235  £178  $310  £241  
Contracts to sell USD for Japanese Yen$29  ¥3,200  $14  ¥1,600  
Contracts to sell USD for Canadian dollars$83  C$110  $99  C$130  
Contracts to sell USD for Singapore dollars$41  S$56  $—  S$—  
Contracts to sell USD for Euros$421  €378  $213  €185  
Contracts to sell Euros for GBP€25  £21  €—  £—  
NOTE: € = Euro, £ = British pound, S$ = Singapore dollar, $ = U.S. dollar, ¥ = Japanese yen, C$ = Canadian dollar
Gains and Losses Recognized in Consolidated Statement of Operations on Derivatives Not Designated as Hedging instruments
The following table summarizes the impact to the consolidated statements of operations relating to the net gain (loss) on the Company’s derivatives which are not designated as hedging instruments:
Year Ended December 31,
Derivatives Not Designated as Accounting HedgesLocation on Statement of Operations201920182017
FX forwardsOther non-operating expense, net$(11) $(52) $22  
FX collar relating to Bureau van Dijk acquisitionPurchase Price Hedge Gain—  —  101  
FX forwards relating to Bureau van Dijk acquisitionPurchase Price Hedge Gain—  —  10  
$(11) $(52) $133  
Fair Value of Derivative Instruments
The table below shows the classification between assets and liabilities on the Company’s consolidated balance sheets for the fair value of derivative instruments as well as the carrying value of its non-derivative debt instruments designated and qualifying as net investment hedges:
Derivative and Non-derivative Instruments
Balance Sheet LocationDecember 31, 2019December 31, 2018
Assets:
Derivatives designated as accounting hedges:
Cross-currency swaps designated as net investment hedgesOther assets$56  $19  
Interest rate swaps designated as fair value hedgesOther assets27  8  
Total derivatives designated as accounting hedges83  27  
Derivatives not designated as accounting hedges:
FX forwards on certain assets and liabilitiesOther current assets9  1  
Total assets$92  $28  
Liabilities:
Derivatives designated as accounting hedges:
Cross-currency swaps designated as net investment hedgesOther liabilities$—  $3  
Interest rate swapsOther liabilities—  5  
Total derivatives designated as accounting hedges—  8  
Non-derivative instrument designated as accounting hedge:
Long-term debt designated as net investment hedgeLong-term debt1,403  572  
Derivatives not designated as accounting hedges:
FX forwards on certain assets and liabilitiesAccounts payable and accrued liabilities—  8  
Total liabilities$1,403  $588