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Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2022
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 June 30,Six Months Ended June 30,
2022202120222021
Gain recorded in accumulated other comprehensive loss, net of tax$2 $4 $5 $9 
Interest expense recorded related to interest rate swap contracts 3 4 6 9 
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 in the consolidated statements of operations:
Three Months Ended June 30,Six Months Ended June 30,
2022202120222021
Interest expense
Interest expense
Total interest expense which reflects the effects of cash flow hedges $(70)$(119)$(186)$(240)
Hedged item(4)(4)(7)(9)
Derivative designated as hedging instrument1 — 1 — 
Fair value of liabilities measured on recurring basis
The following table shows the fair value of our hedges:
As of
Balance Sheet Line Item
June 30, 2022December 31, 2021
Interest rate swaps(1)(2)
Other liabilities$— $3 
Interest rate swaps(1)(3)
Other assets1 — 
Cross-currency interest rate swaps(1)(4)
Other assets— 42 
(1) The inputs used to measure the fair value of our interest rate swap contracts were categorized as Level 2 in the fair value hierarchy.
(2) Contracts matured in February 2022.
(3) Contracts mature in April 2027.
(4) Gains of $— million and $4 million for the three and six months ended June 30, 2022, respectively, and loss of $8 million and gain of $13 million for the three and six months ended June 30, 2021, respectively, are reflected in Foreign currency translation gain (loss) in Other comprehensive income (loss).
Asset Acquisition, Contingent Consideration
The table below reconciles the change in the contingent acquisition consideration liabilities (including deferred purchase price) for the period from December 31, 2021 to June 30, 2022.
TotalIncluded in Accrued LiabilitiesIncluded in Other Long-Term Liabilities
Balance as of December 31, 2021$51 $3 $48 
Additions27 
Payments(3)
Fair value adjustments(1)
12 
Balance as of June 30, 2022
$87 $37 $50 
(1) Amount included in Restructuring and other (see Note 5).