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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2015
History of Remeasurement Losses, Deconsolidation Loss and Historical Operating Results and Financial Position of Venezuelan Subsidiaries

The following table sets forth a history of the remeasurement losses, the deconsolidation loss and historical operating results and financial position of our Venezuelan subsidiaries for the periods presented:

 

                                                        
     For the Years Ended December 31,  
     2015      2014      2013  
     (in millions)  

Net Revenues

    $ 1,217       $ 760       $ 795   

Operating income (excluding remeasurement and deconsolidation losses)

      266         181         211   

Remeasurement losses:

         

Q1 2013: 4.30 to 6.30 bolivars to the U.S. dollar

      –         –         (54 ) 

Q1 2014: 6.30 to 10.70 bolivars to the U.S. dollar

      –         (142 )       –   

SICAD I remeasurements through
December 31, 2014

      –         (25 )       –   

Q1 2015: 11.50 to 12.00 bolivars to the U.S. dollar

      (11 )       –         –   

Loss on deconsolidation

      (778 )       –         –   
     As of December 31,         
     2015      2014         
     (in millions)         

Cash (1)

    $ 611       $ 278      

Net monetary assets (1)

      405         236      

Net assets (1)

      658         500      

 

  (1) Represents the financial position of our Venezuelan subsidiaries prior to the accounting change on December 31, 2015.