Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2017

Equity [Abstract]

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss

Changes in accumulated other comprehensive loss by component, net of income taxes, consisted of the following:

(In millions)	Cash Flow Hedges			Foreign Currency Translation			Other			Total
Balance at December 31, 2016	$	(24	)	$	(50	)	$	(2	)	$	(76	)
Other comprehensive income before reclassifications	2			5			—			7
Amounts reclassified from accumulated other comprehensive loss	2			—			—			2
Net current-period other comprehensive income	4			5			—			9
Balance at March 31, 2017	$	(20	)	$	(45	)	$	(2	)	$	(67	)

(In millions)	Cash Flow Hedges			Foreign Currency Translation			Other			Total
Balance at December 31, 2015	$	(31	)	$	(41	)	$	(2	)	$	(74	)
Other comprehensive income before reclassifications	—			3			—			3
Amounts reclassified from accumulated other comprehensive loss	2			—			—			2
Net current-period other comprehensive income	2			3			—			5
Balance at March 31, 2016	$	(29	)	$	(38	)	$	(2	)	$	(69	)

Based on the amounts recorded in accumulated other comprehensive loss at March 31, 2017, the Company estimates that it will recognize approximately $9 million in interest expense during the next twelve months related to settled interest rate hedge contracts.

The Company has entered into foreign currency forward exchange contracts, which have been designated as cash flow hedges, to hedge foreign currency exposure to the Indian Rupee. As of March 31, 2017 and December 31, 2016, the notional amount of these derivatives was approximately $161 million and $86 million, respectively, and the fair value totaling approximately $6 million and $1 million, respectively, is reported in prepaid expenses and other current assets in the consolidated balance sheet.