Fair Value Measurements and Derivatives (Tables)

9 Months Ended

Sep. 30, 2019

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value on Recurring Basis [Table Text Block]

Fair value measurements on a recurring basis — Assets and liabilities that are carried in our balance sheet at fair value are as follows:

			Fair Value
Category	Balance Sheet Location	Fair Value Level	September 30, 2019		December 31, 2018
Available-for-sale securities	Marketable securities	2	$	20	$	21
Currency forward contracts
Cash flow hedges	Accounts receivable - Other	2	8		6
Cash flow hedges	Other accrued liabilities	2	6		5
Undesignated	Accounts receivable - Other	2	1		2
Undesignated	Other accrued liabilities	2	1		1
Interest rate collars	Other accrued liabilities	2	5
Currency swaps
Cash flow hedges	Other noncurrent liabilities	2	42		118

Carrying Amounts and Fair Values of Financial Instruments [Table Text Block]

Fair value of financial instruments — The financial instruments that are not carried in our balance sheet at fair value are as follows:

		September 30, 2019				December 31, 2018
	Fair Value Level	Carrying Value		Fair Value		Carrying Value		Fair Value
Senior notes	2	$	1,500	$	1,553	$	1,500	$	1,442
Term Facility	2	823		825		265		265
Other indebtedness*	2	63		58		28		23
Total		$	2,386	$	2,436	$	1,793	$	1,730

*

The carrying value includes the unamortized portion of a fair value adjustment related to a terminated interest rate swap at both dates.

Summary of Fixed-to-Fixed Cross-Currency Swaps [Table Text Block]

The following fixed-to-fixed cross-currency swaps were outstanding at September 30, 2019:

Underlying Financial Instrument						Derivative Financial Instrument
Description	Type	Face Amount		Rate		Designated Notional Amount		Traded Amount		Inflow Rate		Outflow Rate
June 2026 Notes	Payable	$	375	6.50	%	$	375	€	338	6.50	%	5.14	%
April 2025 Notes	Payable	$	400	5.75	%	$	400	€	371	5.75	%	3.85	%
Luxembourg Intercompany Notes	Receivable	€	281	3.91	%	€	281	$	300	6.00	%	3.91	%

Notional Amount of Currency Derivatives [Table Text Block]

The following currency derivatives were outstanding at September 30, 2019:

		Notional Amount (U.S. Dollar Equivalent)
Functional Currency	Traded Currency	Designated		Undesignated		Total		Maturity
U.S. dollar	Mexican peso, euro	$	145	$	8	$	153	Dec-20
Euro	U.S. dollar, Canadian dollar, Hungarian forint, British pound, Swiss franc, Indian rupee, Russian ruble, Chinese renminbi, Mexican peso, Australian dollar, Japanese yen	112		21		133		Jan-24
British pound	U.S. dollar, euro	1		2		3		Sep-20
Swedish krona	euro	3				3		Dec-19
South African rand	U.S. dollar, euro, Thai baht	7		4		11		Sep-20
Thai baht	U.S. dollar	13				13		Jun-20
Canadian dollar	U.S. dollar	17				17		Dec-20
Brazilian real	U.S. dollar, euro	51		19		70		Sep-20
Indian rupee	U.S. dollar, British pound, euro			61		61		Dec-20
Chinese renminbi	U.S. dollar, Canadian dollar, euro			7		7		Nov-19
Taiwan dollar	Chinese renminbi			2		2		Mar-20
Total forward contracts		349		124		473
U.S. dollar	euro	306				306		Sep-23
Euro	U.S. dollar	775				775		Jun-26
Total currency swaps		1,081		—		1,081
Total currency derivatives		$	1,430	$	124	$	1,554

Derivatives in Cash Flow Hedging Relationships [Table Text Block]

The following table provides a summary of deferred gains (losses) reported in AOCI as well as the amount expected to be reclassified to income in one year or less:

	Deferred Gain (Loss) in AOCI
	September 30, 2019			December 31, 2018			Gain (loss) expected to be reclassified into income in one year or less
Forward Contracts	$	—		$	2		$	—
Collar	(5		)
Cross-Currency Swaps	(38		)	(60		)
Total	$	(43	)	$	(58	)	$	—

Location and Amount of Gain or (Loss) Recognized in Income on Cash Flow Hedging Relationships [Table Text Block]

The following table provides a summary of the location and amount of gains or losses recognized in the consolidated statement of operations associated with cash flow hedging relationships:

	Location and Amount of Gain or (Loss) Recognized in Income on Cash Flow Hedging Relationships
	Three Months Ended September 30, 2019
Derivatives Designated as Cash Flow Hedges	Net sales		Cost of sales			Other expense, net
Total amounts of income and expense line items presented in the consolidated statement of operations in which the effects of cash flow hedges are recorded	$	2,164	$	1,882		$	8
(Gain) or loss on cash flow hedging relationships
Foreign currency forwards
Amount of (gain) loss reclassified from AOCI into income			(2		)
Cross-currency swaps
Amount of (gain) loss reclassified from AOCI into income						(47		)
	Nine Months Ended September 30, 2019
	Net sales		Cost of sales			Other expense, net
Total amounts of income and expense line items presented in the consolidated statement of operations in which the effects of cash flow hedges are recorded	$	6,633	$	5,725		$	31
(Gain) or loss on cash flow hedging relationships
Foreign currency forwards
Amount of (gain) loss reclassified from AOCI into income			(7		)
Cross-currency swaps
Amount of (gain) loss reclassified from AOCI into income						(55		)

	Location and Amount of Gain or (Loss) Recognized in Income on Cash Flow Hedging Relationships
	Three Months Ended September 30, 2018
Derivatives Designated as Cash Flow Hedges	Net sales		Cost of sales			Other expense, net
Total amounts of income and expense line items presented in the consolidated statement of operations in which the effects of cash flow hedges are recorded	$	1,978	$	1,692		$	9
(Gain) or loss on cash flow hedging relationships
Cross-currency swaps
Amount of (gain) loss reclassified from AOCI into income						(7		)
	Nine Months Ended September 30, 2018
	Net sales		Cost of sales			Other expense, net
Total amounts of income and expense line items presented in the consolidated statement of operations in which the effects of cash flow hedges are recorded	$	6,170	$	5,269		$	19
(Gain) or loss on cash flow hedging relationships
Foreign currency forwards
Amount of (gain) loss reclassified from AOCI into income			(2		)
Cross-currency swaps
Amount of (gain) loss reclassified from AOCI into income						(40		)

Derivatives Not Designated as Hedging Instruments [Table Text Block]

The following table provides a summary of the location and amount of gains or losses recognized in the consolidated statement of operations associated with undesignated hedging relationships.

	Amount of Gain (Loss) Recognized in Income
Derivatives Not Designated as Hedging Instruments	Three Months Ended September 30, 2019			Nine Months Ended September 30, 2019			Location of Gain or (Loss) Recognized in Income
Foreign currency forward contracts	$	(3	)	$	(15	)	Other expense, net