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Note 13 - Fair Value Measurements and Derivatives (Tables)
3 Months Ended
Mar. 31, 2022
Notes Tables  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
             

Fair Value

 

Category

 

Balance Sheet Location

 

Fair Value Level

    March 31, 2022     December 31, 2021  

Certificates of deposit

 

Marketable securities

  2     $ 19     $ 17  

Currency forward contracts

                         

Cash flow hedges

 

Accounts receivable - Other

  2       14       7  

Cash flow hedges

 

Other accrued liabilities

  2               1  

Undesignated

 

Accounts receivable - Other

  2       2       2  

Undesignated

 

Other accrued liabilities

  2       6          

Currency swaps

                         

Cash flow hedges

 

Other noncurrent liabilities

  2       19       34  

Undesignated

 

Other noncurrent liabilities

  2       16       17  
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]
           

March 31, 2022

   

December 31, 2021

 
   

Fair Value Level

 

Carrying Value

   

Fair Value

   

Carrying Value

   

Fair Value

 

Long-term debt

    2     $ 2,331     $ 2,242     $ 2,338     $ 2,412  
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]

Underlying Financial Instrument

   

Derivative Financial Instrument

 

Description

 

Type

 

Face Amount

   

Rate

    Notional Amount    

Traded Amount

   

Inflow Rate

   

Outflow Rate

 

April 2025 Notes

 

Payable

  $ 400       5.75 %   $ 400     371       5.75 %     3.85 %

Luxembourg Intercompany Notes

 

Receivable

  278       3.70 %   278     $ 300       5.38 %     3.70 %

Undesignated 2026 Swap

                      $ 188     169       6.50 %     5.14 %

Undesignated Offset 2026 Swap

                      169     $ 188       3.13 %     6.50 %
Schedule of Derivative Instruments [Table Text Block]
       

Notional Amount (U.S. Dollar Equivalent)

     

Functional Currency

 

Traded Currency

 

Designated

   

Undesignated

   

Total

   

Maturity

U.S. dollar

 

Mexican peso, Thai baht

  $ 60     $ 5     $ 65    

Nov-2022

Euro

 

U.S. dollar, Australian dollar, Brazilian real, Canadian dollar, Swiss franc, Chinese renminbi, Hungarian forint, Indian rupee, Japanese yen, Mexican peso, Norwegian krone, Swedish krona, Singapore dollar, South African rand

    44       122       166    

Jan-2024

British pound

 

U.S. dollar, euro

            4       4    

Apr-2022

South African rand

 

U.S. dollar, euro, Thai baht

            10       10    

May-2022

Brazilian real

 

U.S. dollar, euro

    17       12       29    

Oct-2022

Indian rupee

 

U.S. dollar, euro, British pound

            110       110    

Dec-2022

Chinese renminbi

 

U.S. dollar, euro, Canadian dollar

            7       7    

Apr-2022

Australian dollar

 

U.S. dollar, euro

            2       2    

Apr-2022

Total forward contracts

        121       272       393      
                                 

U.S. dollar

 

euro

    308       187       495    

Nov-2027

Euro

 

U.S. dollar

    400       188       588    

Jun-2026

Total currency swaps

        708       375       1,083      

Total currency derivatives

      $ 829     $ 647     $ 1,476      
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) [Table Text Block]
   

Deferred Gain (Loss) in AOCI

 
   

March 31, 2022

   

December 31, 2021

    Gain (loss) expected to be reclassified into income in one year or less  

Forward Contracts

  $ 4     $ (1 )   $ 4  

Cross-Currency Swaps

    (5 )     2          

Total

  $ (1 )   $ 1     $ 4  
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]
   

Three Months Ended

 
   

March 31,

 

Derivatives Designated as Cash Flow Hedges

 

2022

   

2021

 

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

               

Net sales

  $ 2,480     $ 2,263  

Cost of sales

    2,283       2,012  

Other income (expense), net

    2       (19 )

(Gain) or loss on cash flow hedging relationships

               

Foreign currency forwards

               

Amount of (gain) loss reclassified from AOCI into income

               

Cost of sales

    (1 )     (1 )

Other income (expense), net

    (2 )     (1 )

Cross-currency swaps

               

Amount of (gain) loss reclassified from AOCI into income

               

Other income (expense), net

    (19 )     (48 )
Derivatives Not Designated as Hedging Instruments [Table Text Block]
   

Three Months Ended

 
   

March 31,

 

Derivatives Not Designated as Hedging Instruments

 

2022

   

2021

 

(Gain) or loss recognized in income

               

Foreign currency forward contracts

               

Other income (expense), net

  $ (6 )   $ (2 )