Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2018

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, 2018:

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	$	(4	)	2.85	%	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, 2018			December 31, 2017
Derivatives Designated as Hedging Instruments
Foreign exchange contracts - forwards	Other current assets	$	5		$	1
	Other current liabilities	(4		)	(15		)
Foreign currency options	Other current assets	3			—
Interest rate swaps	Other long-term assets	—			1
	Other long-term liabilities	(4		)	—
	Net designated derivative liability	$	—		$	(13	)
Derivatives NOT Designated as Hedging Instruments
Foreign exchange contracts – forwards	Other current assets	$	4		$	1
	Other current liabilities	(2		)	(10		)
	Net undesignated derivative asset (liability)	$	2		$	(9	)
Summary of Derivatives	Total Derivative Assets	$	12		$	3
	Total Derivative Liabilities	(10		)	(25		)
	Net Derivative asset (liability)	$	2		$	(22	)

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	2018			2017
Fair Value Hedges - Interest Rate Contracts
Derivative loss recognized in interest expense	$	(5	)	$	(1	)
Hedged item gain recognized in interest expense	5			1
Cash Flow Hedges - Foreign Exchange Forward Contracts and Options
Derivative gain recognized in OCI (effective portion)	$	12		$	9
Derivative Loss reclassified from AOCL to income - Cost of sales (effective portion)	(12		)	(4		)

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	2018		2017
Foreign exchange contracts – forwards	Other expense – Currency gain, net	$	—	$	4