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Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of fair value hedges
The following is a summary of our fair value hedges at December 31, 2019:
Debt Instrument
 
Year First Designated
 
Notional Amount
 
Net Fair Value
 
Weighted Average Interest Rate Paid
 
Interest Rate Received
 
Basis
 
Maturity
Senior Note 2021
 
2014
 
$
200

 
$
1

 
3.35
%
 
4.50
%
 
Libor
 
2021
Schedule of foreign exchange contracts gross notional values
The following is a summary of the primary hedging positions and corresponding fair values as of December 31, 2019:
Currencies Hedged (Buy/Sell)
 
Gross
Notional
Value
 
Fair  Value
Asset(1)
Japanese Yen/U.S. Dollar
 
$
369

 
$
(2
)
Japanese Yen/Euro
 
264

 
(3
)
U.S. Dollar/Euro
 
122

 
—

Euro/U.S. Dollar
 
71

 
—

Euro/U.K. Pound Sterling
 
64

 
—

U.S. Dollar/Canadian Dollar
 
50

 
(1
)
Euro/Danish Krone
 
29

 
—

U.K. Pound Sterling/Euro
 
27

 
—

U.S. Dollar/Russian Ruble
 
22

 
(1
)
U.S. Dollar/Japanese Yen
 
14

 
—

Euro/Swiss Franc
 
12

 
—

U.S. Dollar/Israeli Shekel
 
9

 
—

All Other
 
38

 
1

Total Foreign exchange hedging
 
$
1,091

 
$
(6
)
____________
(1)
Represents the net receivable (payable) amount included in the Consolidated Balance Sheet at December 31, 2019.
Schedule of derivative instruments fair value
The following table provides a summary of the fair value amounts of our derivative instruments:
 
 
 
 
December 31,
Designation of Derivatives
 
Balance Sheet Location
 
2019
 
2018
Derivatives Designated as Hedging Instruments
 
 
 
 
Foreign exchange contracts – forwards
 
Other current assets
 
$
1

 
$
7

 
 
Accrued expensed and other current liabilities
 
(5
)
 
—

Foreign currency options
 
Other current assets
 
—

 
1

Interest rate swaps
 
Other long-term assets
 
1

 
—

 
 
Other long-term liabilities
 
—

 
(3
)
 
 
Net Designated Derivative (Liability) Asset
 
$
(3
)
 
$
5

 
 
 
 
 
 
 
Derivatives NOT Designated as Hedging Instruments
 
 
 
 
Foreign exchange contracts – forwards
 
Other current assets
 
$
1

 
$
7

 
 
Accrued expensed and other current liabilities
 
(3
)
 
(1
)
 
 
Net Undesignated Derivative (Liability)
 Asset
 
$
(2
)
 
$
6

 
 
 
 
 
 
 
Summary of Derivatives
 
Total Derivative Assets
 
$
3

 
$
15

 
 
Total Derivative Liabilities
 
(8
)
 
(4
)
 
 
Net Derivative (Liability) Asset
 
$
(5
)
 
$
11
Schedule of fair value hedges gains (losses)
The following tables provide a summary of gains (losses) on derivative instruments:
 
 
 
 
Year Ended December 31,
Derivatives in Fair Value
Relationships
 
Location of Gain (Loss)
Recognized in Income
 
Derivative Gain (Loss) Recognized in Income
 
Hedged Item (Loss) Gain Recognized in Income
 
 
2019
 
2018
 
2017
 
2019
 
2018
 
2017
Interest rate contracts
 
Interest expense
 
$
4

 
$
(3
)
 
$
(3
)
 
$
(4
)
 
$
3

 
$
3
Schedule of cash flow hedges gain (loss)
 
 
Year Ended December 31,
Derivatives in Cash Flow
Hedging Relationships
 
Derivative Gain (Loss) Recognized in OCI (Effective Portion)
 
Location of Derivative
Gain (Loss) Reclassified
from AOCI into Income
(Effective Portion)
 
Gain (Loss) Reclassified from AOCI to Income (Effective Portion)
 
2019
 
2018
 
2017
 
 
2019
 
2018
 
2017
Foreign exchange contracts – forwards/options
 
$
2

 
$
9

 
$
(28
)
 
Cost of sales
 
$
9

 
$
(14
)
 
$
(35
)
Schedule of derivatives not designated as hedging instruments gains (losses)
The following table provides a summary of gains (losses) on non-designated derivative instruments:
 
 
 
 
Year Ended December 31,
Derivatives NOT Designated as Hedging Instruments
 
Location of Derivative Gain (Loss)
 
2019
 
2018
 
2017
Foreign exchange contracts – forwards
 
Other expense – Currency (losses) gains, net
 
$
(6
)
 
$
21

 
$
(44
)