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Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2019
Fair Value Disclosures [Abstract]  
Schedule of estimated fair value
The following table shows the fair value of our financial assets and financial liabilities that are required to be measured at fair value as of the date shown:
Estimated Fair Value
(In millions)
Balance 
 
Level 1
 
Level 2
 
Level 3
September 30, 2019
 
 
 
 
 
 
 
Assets
 
 
 
 
 
 
 
Government bonds
$
17

 
$
—

 
$
17

 
$
—

Total assets at fair value
$
17

 
$
—

 
$
17

 
$
—

Liabilities
 
 
 
 
 
 
 
Derivative instruments - interest rate swaps
$
85

 
$
—

 
$
85

 
$
—

Derivative instruments - CEC Convertible Notes
758

 
—

 
758

 
—

Disputed claims liability
50

 
—

 
50

 
—

Total liabilities at fair value
$
893

 
$
—

 
$
893

 
$
—

 
 
 
 
 
 
 
 
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

 
$
—
Schedule of major terms of interest rate swap agreements
The major terms of the interest rate swap agreements as of September 30, 2019 are as follows:
Effective Date
 
Notional Amount
(In millions)
 
Fixed Rate Paid
 
Variable Rate Received as of
September 30, 2019
 
Maturity Date
12/31/2018
 
250
 
2.274%
 
2.112%
 
12/31/2022
12/31/2018
 
200
 
2.828%
 
2.112%
 
12/31/2022
12/31/2018
 
600
 
2.739%
 
2.112%
 
12/31/2022
1/1/2019
 
250
 
2.153%
 
2.112%
 
12/31/2020
1/1/2019
 
250
 
2.196%
 
2.112%
 
12/31/2021
1/1/2019
 
400
 
2.788%
 
2.112%
 
12/31/2021
1/1/2019
 
200
 
2.828%
 
2.112%
 
12/31/2022
1/2/2019
 
250
 
2.172%
 
2.112%
 
12/31/2020
1/2/2019
 
200
 
2.731%
 
2.112%
 
12/31/2020
1/2/2019
 
400
 
2.707%
 
2.112%
 
12/31/2021
Schedule of accumulated other comprehensive income (loss)
Accumulated Other Comprehensive Income/(Loss)
The changes in AOCI by component, net of tax, for the quarterly periods through September 30, 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, 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
)
Other comprehensive loss before reclassifications
(36
)
 
(5
)
 
—

 
(41
)
Amounts reclassified from accumulated other comprehensive loss
1

 
—

 
—

 
1

Total other comprehensive loss, net of tax
(35
)
 
(5
)
 
—

 
(40
)
Balances as of June 30, 2019
$
(65
)
 
$
(12
)
 
$
—

 
$
(77
)
Other comprehensive loss before reclassifications
(6
)
 
(6
)
 
—

 
(12
)
Amounts reclassified from accumulated other comprehensive loss
3

 
—

 
—

 
3

Total other comprehensive loss, net of tax
(3
)
 
(6
)
 
—

 
(9
)
Balances as of September 30, 2019
$
(68
)
 
$
(18
)
 
$
—

 
$
(86
)
 
 
 
 
 
 
 
 
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

Other comprehensive income/(loss) before reclassifications
9

 
(17
)
 
(3
)
 
(11
)
Total other comprehensive income/(loss), net of tax
9

 
(17
)
 
(3
)
 
(11
)
Balances as of June 30, 2018
$
13

 
$
(7
)
 
$
(2
)
 
$
4

Other comprehensive income before reclassifications
11

 
3

 
—

 
14

Total other comprehensive income, net of tax
11

 
3

 
—

 
14

Balances as of September 30, 2018
$
24

 
$
(4
)
 
$
(2
)
 
$
18