Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2020

Fair Value Disclosures [Abstract]

Schedule of losses (gains) on interest rate swaps

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

	Year Ended December 31,
	2020		2019		2018
Losses recorded in accumulated other comprehensive loss, net of tax	$	(6)	$	(11)	$	—
Interest expense recorded related to interest rate swap contracts	15		1		3

Schedule of 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:

	Year Ended December 31, 2020		Year Ended December 31, 2019
	Interest expense		Interest expense
Total interest expense which reflects the effects of cash flow hedges	$	(503)	$	(589)
Hedged item	(20)		(20)
Derivative designated as hedging instrument	5		19

Schedule of fair value hedges

The following table shows the fair value of our hedges:

		As of
	Balance Sheet Line Item	December 31, 2020		December 31, 2019
Interest rate swaps(1)(3)	Other liabilities	$	22	$	16
Cross-currency interest rate swaps(2)(3)	Other assets	14		41
(1) The loss of $6 million, $16 million, and $0 million for the year ended December 31, 2020, 2019 and 2018, respectively, are reflected in Derivative financial instrument unrealized (loss) gain in Other comprehensive loss.
(2) The loss of $27 million, gains of $23 million and $18 million for the years ended December 31, 2020, 2019 and 2018, respectively, is reflected in Foreign currency translation gain (loss) in Other comprehensive loss.
(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.