Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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, 2020:

Currencies Hedged (Buy/Sell)	Gross Notional Value		Fair Value Asset(1)
Japanese Yen/U.S. Dollar	$	398	$	6
Euro/U.K. Pound Sterling	237		—
Japanese Yen/Euro	186		(2)
U.S. Dollar/Euro	90		(1)
U.S. Dollar/Canadian Dollar	46		(1)
Euro/U.S. Dollar	46		—
U.K. Pound Sterling/Euro	37		—
U.S. Dollar/Japanese Yen	31		—
Euro/Danish Krone	21		—
U.S. Dollar/Russian Ruble	15		—
U.S. Dollar/Israeli Shekel	9		—
U.S. Dollar/Brazilian Real	9		—
Euro/Norwegian Kroner	4		—
All Other	32		—
Total Foreign exchange hedging	$	1,161	$	2

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(1)Represents the net receivable (payable) amount included in the Consolidated Balance Sheet at December 31, 2020.

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	2020		2019
Derivatives Designated as Hedging Instruments
Foreign exchange contracts – forwards	Other current assets	$	3	$	1
	Accrued expenses and other current liabilities	(2)		(5)
Foreign currency options	Other current assets	1		—
Interest rate swaps	Other long-term assets	—		1
	Net Designated Derivative Asset (Liability)	$	2	$	(3)
Derivatives NOT Designated as Hedging Instruments
Foreign exchange contracts – forwards	Other current assets	$	3	$	1
	Accrued expenses and other current liabilities	(3)		(3)
	Net Undesignated Derivative Liability	$	—	$	(2)
Summary of Derivatives	Total Derivative Assets	$	7	$	3
	Total Derivative Liabilities	(5)		(8)
	Net Derivative Asset (Liability)	$	2	$	(5)

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 (Loss) Gain Recognized in Income						Hedged Item Gain (Loss) Recognized in Income
		2020		2019		2018		2020		2019		2018
Interest rate contracts	Interest expense	$	(1)	$	4	$	(3)	$	1	$	(4)	$	3

Schedule of cash flow hedges gain (loss)

	Year Ended December 31,
Derivatives in Cash Flow Hedging Relationships	Derivative Gain Recognized in OCI (Effective Portion)						Location of Derivative Gain (Loss) Reclassified from AOCI into Income (Effective Portion)	(Loss) Gain Reclassified from AOCI to Income (Effective Portion)
	2020		2019		2018			2020		2019		2018
Foreign exchange contracts – forwards/options	$	4	$	2	$	9	Cost of sales	$	(1)	$	9	$	(14)

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)	2020		2019		2018
Foreign exchange contracts – forwards	Other expense – Currency gains (losses), net	$	14	$	(6)	$	21