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Fair Value Measurements (Tables)
 3 Months Ended
Mar. 31, 2019
Fair Value Disclosures [Abstract]  
Estimated Fair Value
Estimated Fair Value
(In millions)
Balance 
 
Level 1
 
Level 2
 
Level 3
March 31, 2019
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
Government bonds
$
16

 
$
—

 
$
16

 
$
—

Derivative instruments - interest rate swaps
1

 
—

 
1

 
—

Total assets at fair value
$
17

 
$
—

 
$
17

 
$
—

Liabilities
 
 
 
 
 
 
 
Derivative instruments - interest rate swaps
$
38

 
$
—

 
$
38

 
$
—

Derivative instruments - CEC Convertible Notes
486

 
—

 
486

 
—

Disputed claims liability
44

 
—

 
44

 
—

Total liabilities at fair value
$
568

 
$
—

 
$
568

 
$
—

 
 
 
 
 
 
 
 
December 31, 2018
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
Government bonds
$
15

 
$
—

 
$
15

 
$
—

Derivative instruments - interest rate swaps
6

 
—

 
6

 
—

Total assets at fair value
$
21

 
$
—

 
$
21

 
$
—

Liabilities
 
 
 
 
 
 
 
Derivative instruments - interest rate swaps
$
22

 
$
—

 
$
22

 
$
—

Derivative instruments - CEC Convertible Notes
324

 
—

 
324

 
—

Disputed claims liability
45

 
—

 
45

 
—

Total liabilities at fair value
$
391

 
$
—

 
$
391

 
$
—
Major Terms of Interest Rate Swap Agreements The major terms of the interest rate swap agreements as of March 31, 2019 are as follows:
Effective Date
 
Notional Amount
(In millions)
 
Fixed Rate Paid
 
Variable Rate Received as of
March 31, 2019
 
Maturity Date
12/31/2018
 
250
 
2.274%
 
2.493%
 
12/31/2022
12/31/2018
 
200
 
2.828%
 
2.493%
 
12/31/2022
12/31/2018
 
600
 
2.739%
 
2.493%
 
12/31/2022
1/1/2019
 
250
 
2.153%
 
2.493%
 
12/31/2020
1/1/2019
 
250
 
2.196%
 
2.493%
 
12/31/2021
1/1/2019
 
400
 
2.788%
 
2.493%
 
12/31/2021
1/1/2019
 
200
 
2.828%
 
2.493%
 
12/31/2022
1/2/2019
 
250
 
2.172%
 
2.493%
 
12/31/2020
1/2/2019
 
200
 
2.731%
 
2.493%
 
12/31/2020
1/2/2019
 
400
 
2.707%
 
2.493%
 
12/31/2021
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income/(Loss)
The changes in AOCI by component, net of tax, for the three months ended March 31, 2019 and 2018 are shown below.
(In millions)
Unrealized Net Gains/(Losses) on Derivative Instruments
 
Foreign Currency Translation Adjustments
 
Other
 
Total
Balances as of December 31, 2017
$
—

 
$
9

 
$
(3
)
 
$
6

Other comprehensive income before reclassifications
4

 
1

 
4

 
9

Total other comprehensive income, net of tax
4

 
1

 
4

 
9

Balances as of March 31, 2018
$
4

 
$
10

 
$
1

 
$
15

 
 
 
 
 
 
 
 
Balances as of December 31, 2018
$
(13
)
 
$
(9
)
 
$
(2
)
 
$
(24
)
Other comprehensive income/(loss) before reclassifications
(17
)
 
2

 
2

 
(13
)
Total other comprehensive income/(loss), net of tax
(17
)
 
2

 
2

 
(13
)
Balances as of March 31, 2019
$
(30
)
 
$
(7
)
 
$
—

 
$
(37
)