Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2018

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Interest Rate Derivatives

The following is a summary of our fair value hedges at June 30, 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	$	(5	)	2.95	%	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	June 30, 2018			December 31, 2017
Derivatives Designated as Hedging Instruments
Foreign exchange contracts - forwards	Other current assets	$	5		$	1
	Other current liabilities	(2		)	(15		)
Foreign currency options	Other current assets	2			—
	Other current liabilities	(1		)	—
Interest rate swaps	Other long-term assets	—			1
	Other long-term liabilities	(5		)	—
	Net designated derivative liability	$	(1	)	$	(13	)
Derivatives NOT Designated as Hedging Instruments
Foreign exchange contracts – forwards	Other current assets	$	19		$	1
	Other current liabilities	(4		)	(10		)
	Net undesignated derivative asset (liability)	$	15		$	(9	)
Summary of Derivatives	Total Derivative Assets	$	26		$	3
	Total Derivative Liabilities	(12		)	(25		)
	Net Derivative asset (liability)	$	14		$	(22	)

Summary of Gains (Losses) on Derivative Instruments

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

	Three Months Ended June 30,						Six Months Ended June 30,
Gain (Loss) on Derivative Instruments	2018			2017			2018			2017
Fair Value Hedges - Interest Rate Contracts
Derivative (loss) gain recognized in interest expense	$	(1	)	$	2		$	(6	)	$	1
Hedged item gain (loss) recognized in interest expense	1			(2		)	6			(1		)
Cash Flow Hedges - Foreign Exchange Forward Contracts and Options
Derivative (loss) gain recognized in OCI (effective portion)	$	(2	)	$	(22	)	$	10		$	(13	)
Derivative Loss reclassified from AOCL to income - Cost of sales (effective portion)	—			(4		)	(12		)	(8		)

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

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

Derivatives NOT Designated as Hedging Instruments		Three Months Ended June 30,					Six Months Ended June 30,
	Location of Derivative Gain	2018		2017			2018		2017
Foreign exchange contracts – forwards	Other expense – Currency gain (loss), net	$	18	$	(14	)	$	18	$	(10	)