Fair Value of Financial Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2019

Fair Value Disclosures [Abstract]

Fair value of financial assets and liabilities

The following table represents assets and liabilities measured at fair value on a recurring basis. The basis for the measurement at fair value in all cases is Level 2 – Significant Other Observable Inputs.

	March 31, 2019		December 31, 2018
Assets
Foreign exchange contracts - forwards	$	10	$	14
Foreign currency options	—		1
Deferred compensation investments in mutual funds	16		16
Total	$	26	$	31
Liabilities
Foreign exchange contracts - forwards	$	2	$	1
Interest rate swaps	1		3
Deferred compensation plan liabilities	17		16
Total	$	20	$	20

Estimated fair values of financial assets and liabilities not measured at fair value on a recurring basis

The estimated fair values of our other financial assets and liabilities were as follows:

	March 31, 2019				December 31, 2018
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Cash and cash equivalents	$	723	$	723	$	1,084	$	1,084
Accounts receivable, net	1,234		1,234		1,276		1,276
Short-term debt and current portion of long-term debt	555		563		961		966
Long-term debt	4,268		4,201		4,269		3,922