Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2020

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


Designation of Derivatives	Balance Sheet Location	June 30, 2020		December 31, 2019
Derivatives Designated as Hedging Instruments
Foreign exchange contracts - forwards	Other current assets	$	1	$	1
	Accrued expenses and other current liabilities	(1)		(5)


Interest rate swaps	Other long-term assets	—		1

	Net designated derivative asset (liability)	$	—	$	(3)

Derivatives NOT Designated as Hedging Instruments
Foreign exchange contracts – forwards	Other current assets	$	5	$	1
	Accrued expenses and other current liabilities	(1)		(3)
	Net undesignated derivative asset (liability)	$	4	$	(2)

Summary of Derivatives	Total Derivative assets	$	6	$	3
	Total Derivative liabilities	(2)		(8)
	Net Derivative asset (liability)	$	4	$	(5)

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	2020		2019		2020		2019
Fair Value Hedges - Interest Rate Contracts
Derivative gain (loss) recognized in interest expense	$	—	$	2	$	(1)	$	4
Hedged item (loss) gain recognized in interest expense	—		(2)		1		(4)

Cash Flow Hedges - Foreign Exchange Forward Contracts and Options
Derivative (loss) gain recognized in OCI (effective portion)	$	(3)	$	3	$	4	$	6
Derivative gain reclassified from AOCL to income - Cost of sales (effective portion)	2		2		1		3

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


Derivatives NOT Designated as Hedging Instruments	Location of Derivative Gain	Three Months Ended June 30,								Six Months Ended June 30,
						2020			2019			2020	2019
Foreign exchange contracts – forwards	Other expense – Currency gain, net	$	2	$	6		$	17		$	1