Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Interest Rate Derivatives

The following is a summary of our fair value hedges at September 30, 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	$	2	3.32	%	4.5	%	Libor	2021

Summary of Derivative Instruments Fair Value

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

Designation of Derivatives	Balance Sheet Location	September 30, 2019			December 31, 2018
Derivatives Designated as Hedging Instruments
Foreign exchange contracts - forwards	Other current assets	$	6		$	7
	Accrued expenses and other current liabilities	(2		)	—
Foreign currency options	Other current assets	—			1
Interest rate swaps	Other long-term assets	2			—
	Other long-term liabilities	—			(3		)
	Net designated derivative asset	$	6		$	5
Derivatives NOT Designated as Hedging Instruments
Foreign exchange contracts – forwards	Other current assets	$	1		$	7
	Accrued expenses and other current liabilities	(4		)	(1		)
	Net undesignated derivative asset	$	(3	)	$	6
Summary of Derivatives	Total Derivative assets	$	9		$	15
	Total Derivative liabilities	(6		)	(4		)
	Net Derivative asset	$	3		$	11

Summary of Gains (Losses) on Derivative Instruments

The following table provides a summary of gains (losses) on derivative instruments:

	Three Months Ended September 30,					Nine Months Ended September 30,
Gain (Loss) on Derivative Instruments	2019		2018			2019			2018
Fair Value Hedges - Interest Rate Contracts
Derivative gain (loss) recognized in interest expense	$	—	$	(1	)	$	5		$	(7	)
Hedged item (loss) gain recognized in interest expense	—		1			(5		)	7
Cash Flow Hedges - Foreign Exchange Forward Contracts and Options
Derivative gain (loss) recognized in OCI (effective portion)	$	4	$	(13	)	$	10		$	(3	)
Derivative gain (loss) reclassified from AOCL to income - Cost of sales (effective portion)	3		(1		)	6			(13		)

Summary of Derivatives Not Designated as Hedging Instruments Gains (Losses)

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

Derivatives NOT Designated as Hedging Instruments		Three Months Ended September 30,					Nine Months Ended September 30,
	Location of Derivative Gain (Loss)	2019		2018			2019		2018
Foreign exchange contracts – forwards	Other expense – Currency gain (loss), net	$	2	$	(7	)	$	3	$	11