Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2019

The following table shows the gains (loss) and interest expense recognized on our interest rate swap contracts:



	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2019		2018		2019			2018
Gain (loss) recorded in accumulated other comprehensive loss, net of tax	$	3	$	3	$	(13	)	$	9
Interest expense recorded related to interest rate swap contracts	—		—		—			2

The following table shows the effect of interest rate swap contracts designated as cash flow hedges on the consolidated statements of operations:



	Three Months Ended September 30,						Nine Months Ended September 30,
	2019			2018			2019			2018
	Interest expense						Interest expense
Total interest expense which reflects the effects of cash flow hedges	$	(146	)	$	(147	)	$	(447	)	$	(448	)
Hedged item	(5		)	(5		)	(15		)	(12		)
Derivative designated as hedging instrument	5			4			15			9

The following table shows the fair value of our hedges:



	Balance Sheet Line Item	September 30, 2019		December 31, 2018
Interest rate swaps ⁽¹⁾⁽³⁾	Other liabilities	$	19	$	—
Cross-currency interest rate swaps ⁽²⁾⁽³⁾	Other assets	55		18
(1) Losses of $2 million and $19 million for the three and nine months ended September 30, 2019, respectively, are reflected in Derivative financial instrument unrealized (loss) gain in Other comprehensive loss.
(2) Gain of $26 million and $37 million for the three and nine months ended September 30, 2019, respectively, are reflected in Foreign currency translation gain (losses) in Other comprehensive loss.
(3) Inputs used to measure the fair value of our interest rate swap contracts are categorized as Level 2 in the fair value hierarchy.