Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2017

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 June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
Metals contracts	$	—		$	2		$	—		$	4
Interest rate swaps	(3		)	(1		)	(3		)	(1		)
Total (loss) gain	$	(3	)	$	1		$	(3	)	$	3

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 June 30, 2017
	Notional Amount		Balance Sheet
Foreign currency contracts:
Exchange contracts	$	4
Accrued liabilities			$	—
Forward contracts	15
Accrued liabilities			(1		)

E. DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Concluded)

	At December 31, 2016
	Notional Amount		Balance Sheet
Foreign currency contracts:
Forward contracts	$	21
Accrued liabilities			$	(2	)
Metals contracts	1
Accrued liabilities			—