DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2019

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Schedule of Fair Value by Underlying Risk and Balance Sheet Classification

The following table presents the total fair value of the derivatives by underlying risk and balance sheet classification:  

	December 31, 2019				December 31, 2018
	Derivatives designated as cash flow hedges		Derivatives Not Designated as cash flow hedges		Derivatives Designated as cash flow hedges		Derivatives not designated as cash flow hedges
	(In millions)
Other current assets	$	3	$	1	$	3	$	3
Other non-current assets		1		-		-		-
Total derivatives asset	$	4	$	1	$	3	$	3
Accrued liabilities	$	10	$	68	$	10	$	3
Other non-current liabilities		2		-		32		-
Total derivatives liability	$	12	$	68	$	42	$	3

Schedule of Total Value by Underlying Risk Recognized in Other Comprehensive Income and Reclassified from AOCI to Cost of Operations and Interest Expense, Net in Statement of Operations

The following table presents the total value, by underlying risk, recognized in other comprehensive income and reclassified from AOCI to Cost of operations (foreign currency derivatives) and Interest expense, net (interest rate derivatives) in the Statements of Operations for the years ended December 31, 2019, 2018 and 2017:

	Year ended December 31,
	2019			2018			2017
	(In millions)
Amount of (loss) gain recognized in other comprehensive income (loss)
Foreign exchange hedges	$	(13	)	$	(14	)	$	16
Interest rate hedges		(44	)		(32	)		-
Gain (loss) recognized on derivatives designated as cash flow hedges
Foreign exchange hedges
Revenue		8			-			-
Cost of operations		2			7			5
Interest rate hedges
Interest expense		8			1			-
Loss recognized on derivatives not designated as cash flow hedges
Foreign exchange hedges
Revenue		(2	)		-			-
Cost of operations		(1	)		(14	)		-
Interest rate hedges
Interest expense		67			-			-