Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of pre-tax (losses) gains included in the Company's condensed consolidated statements of operations

The pre-tax gains (losses) included in our condensed consolidated statements of operations are as follows, in millions:

	Three Months Ended September 30,					Nine Months Ended September 30,
	2016		2015			2016			2015
Foreign currency contracts:
Exchange contracts	$	—	$	—		$	—		$	3
Forward contracts	—		1			—			(3		)
Metals contracts	1		(9		)	5			(14		)
Interest rate swaps	—		—			(1		)	(1		)
Total gain (loss)	$	1	$	(8	)	$	4		$	(15	)

Schedule of notional amounts being hedged and the fair value of derivative instruments

The notional amounts being hedged and the fair value of those derivative instruments are as follows, in millions:

	At September 30, 2016
	Notional Amount		Balance Sheet
Foreign currency contracts:
Exchange contracts	$	7
Accrued liabilities			$	—
Forward contracts	28
Accrued liabilities			(1		)
Other liabilities			(1		)
Metals contracts	13
Accrued liabilities			—

	At December 31, 2015
	Notional Amount		Balance Sheet
Foreign currency contracts:
Exchange contracts	$	39
Receivables			$	1
Forward contracts	30
Accrued liabilities			(2		)
Other liabilities			(1		)
Metals contracts	50
Accrued liabilities			(10		)