Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2015

The following tables summarize the fair value of our derivative instruments (in millions):

	September 30,			December 31,
	2015			2014
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments
Asset Derivatives
Interest rate swaps	Other assets	$	7	Other assets	$	4
Forward contracts	Prepaid expenses and other	$	1	Prepaid expenses and other	$	1
Net investment hedges	Prepaid expenses and other	$	1	Prepaid expenses and other	$	—

	September 30,			December 31,
	2015			2014
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives not designated as hedging instruments
Asset Derivatives
Forward contracts	Prepaid expenses and other	$	2	Prepaid expenses and other	$	9
Liability Derivatives
Forward contracts	Accrued expenses	$	2	Accrued expenses	$	20

The following table presents the effect of our derivatives on our consolidated statements of income (in millions):

Derivatives not designated as hedging instruments	Location of Gain Recognized in Income on Derivative	Amount of Gain Recognized in Income on Derivative
		Three Months Ended
		September 30,
		2015			2014
Foreign forward exchange contracts	Interest expense, net	$	6		$	5

Derivatives not designated as hedging instruments	Location of Gain (Loss) Recognized in Income on Derivative	Amount of Gain (Loss) Recognized in Income on Derivative
		Nine Months Ended
		September 30,
		2015			2014
Foreign forward exchange contracts	Interest expense, net	$	(18	)	$	7