XML 94 R40.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Derivatives (Tables)
12 Months Ended
Dec. 31, 2019
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Summary of Fair Values of Derivative Instruments Designated as Hedges

The fair values of the Company’s derivative instruments and the line items on the accompanying consolidated balance sheets to which they were recorded are summarized in the following table:

 

 

 

 

December 31, 2019

 

 

December 31, 2018

 

(in millions)

 

Balance Sheet

Classification

 

Assets

 

 

Liabilities

 

 

Notional

 

 

Assets

 

 

Liabilities

 

 

Notional

 

Derivatives designated as hedging

   instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign exchange forward contracts

 

Other current assets

   and liabilities

 

$

4

 

 

 

 

 

$

148

 

 

$

5

 

 

$

3

 

 

$

202

 

Interest rate swaps

 

Other assets

   and liabilities

 

 

 

 

 

27

 

 

 

875

 

 

 

3

 

 

 

9

 

 

 

890

 

Interest rate caps

 

Deposits and other

  assets

 

 

 

 

 

 

 

 

 

 

 

1

 

 

 

 

 

 

700

 

Derivatives not designated as hedging

   instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swaps

 

Other liabilities

 

 

 

 

 

3

 

 

 

325

 

 

 

 

 

 

5

 

 

 

432

 

Total derivatives

 

 

 

$

4

 

 

$

30

 

 

 

 

 

 

$

9

 

 

$

17

 

 

 

 

 

Pre-tax Effect of Cash Flow Hedging Instruments on Other Comprehensive Income (Loss)

The pre-tax effect of the Company’s cash flow hedging instruments on other comprehensive (loss) income is summarized in the following table:

 

 

Year Ended December 31,

 

(in millions)

 

2019

 

 

2018

 

 

2017

 

Foreign exchange forward contracts

 

$

2

 

 

$

(9

)

 

$

(5

)

Interest rate derivatives

 

 

(22

)

 

 

(6

)

 

 

9

 

Total

 

$

(20

)

 

$

(15

)

 

$

4