Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Interest Rate Derivatives

The following is a summary of our fair value hedges at March 31, 2017:

Debt Instrument	Year First Designated	Notional Amount		Net Fair Value		Weighted Average Interest Rate Paid		Interest Rate Received		Basis	Maturity
Senior Note 2021	2014	$	300	$	3	2.65	%	4.5	%	Libor	2021

Summary of Derivative Instruments Fair Value

The following table provides a summary of the fair value amounts of our derivative instruments:

Designation of Derivatives	Balance Sheet Location	March 31, 2017			December 31, 2016
Derivatives Designated as Hedging Instruments
Foreign exchange contracts - forwards	Other current assets	$	5		$	6
	Other current liabilities	(13		)	(26		)
Foreign currency options	Other current assets	—			—
	Other current liabilities	—			—
Interest rate swaps	Other long-term assets	3			4
	Other long-term liabilities	—			—
	Net Designated Derivative Liability	$	(5	)	$	(16	)
Derivatives NOT Designated as Hedging Instruments
Foreign exchange contracts – forwards	Other current assets	$	27		$	82
	Other current liabilities	(11		)	(13		)
	Net Undesignated Derivative Asset	$	16		$	69
Summary of Derivatives	Total Derivative Assets	$	35		$	92
	Total Derivative Liabilities	(24		)	(39		)
	Net Derivative Asset	$	11		$	53

Derivative Instruments, Gain (Loss)

The following table provides a summary of gains (losses) on derivative instruments:

	Three Months Ended March 31,
Gain (Loss) on Derivative Instruments	2017			2016
Fair Value Hedges - Interest rate contracts
Derivative (loss) gain recognized in interest expense	$	(1	)	$	8
Hedged item gain (loss) recognized in interest expense	1			(8		)
Cash Flow Hedges - Foreign exchange forward contracts and options
Derivative gain recognized in OCI (effective portion)	$	9		$	16
Derivative loss reclassified from AOCL to income - Cost of sales (effective portion)	(4		)	(1		)

Summary of Derivatives Not Designated as Hedging Instruments Gains (Losses)

The following table provides a summary of gains on non-designated derivative instruments:

Derivatives NOT Designated as Hedging Instruments		Three Months Ended March 31,
	Location of Derivative Gain	2017		2016
Foreign exchange contracts – forwards	Other expense – Currency gains, net	$	4	$	71