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Derivative Instruments and Hedging Activities (Tables)
 12 Months Ended
Dec. 31, 2017
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Effect of Derivative Instruments Designated as Fair Value Hedges and Not Designated as Hedges on Consolidated Statement of Income (Loss)

The effect of derivative instruments designated as fair value hedges and those not designated as hedges on the Consolidated Statement of Income (Loss) was as follows:

 

 

 

 

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gain (Loss) Recognized in Income

 

 

 

 

2017

 

 

2016

 

 

2015

 

 

Consolidated Statement

 of Income (Loss) Classification

Derivatives designated as fair value hedges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Cross currency swaps

$

73

 

 

$

(31

)

 

$

(64

)

 

Interest

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivatives not designated as hedges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Cross currency swaps

$

(8

)

 

$

-

 

 

$

-

 

 

Interest

Foreign exchange contracts

 

(26

)

 

 

(246

)

 

 

(154

)

 

Cost of services/sales

 

$

(34

)

 

$

(246

)

 

$

(154

)