Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of gains (loss) on interest rate swap contracts

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

	Three Months Ended
	March 31,
	2020		2019
Loss recorded in accumulated other comprehensive loss, net of tax	$	(16)	$	(5)
Interest expense recorded related to interest rate swap contracts	2		—

Schedule of the effect of interest rate swap contracts designated as cash flow hedges

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 March 31,
	2020		2019
	Interest expense
Total interest expense which reflects the effects of cash flow hedges	$	(124)	$	(154)
Hedged item	(5)		(5)
Derivative designated as hedging instrument	3		5

Fair value of liabilities measured on recurring basis

The following table shows the fair value of our hedges:

		As of
	Balance Sheet Line Item	March 31, 2020		December 31, 2019
Interest rate swaps (1)(3)	Other liabilities	$	32	$	16
Cross-currency interest rate swaps (2)(3)	Other assets	71		41
(1) A loss of $16 million and $6 million for the three months ended March, 31 2020 and 2019, respectively, is reflected in Derivative financial instruments unrealized loss in Other comprehensive (loss) income.
(2) A gain of $30 million and $16 million for the three months ended March, 31 2020 and 2019, respectively, is reflected in Foreign currency translation (loss) gain in Other comprehensive (loss) income.
(3) The inputs used to measure the fair value of our interest rate swap contracts are categorized as Level 2 in the fair value hierarchy.