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Derivative Instruments and Hedging Activities (Tables)
3 Months Ended
Mar. 31, 2020
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Effect of Derivative Instruments Designated as Fair Value and Cash Flow Hedges and Not Designated as Hedges on Consolidated Statement of (Loss) Income

The effect of derivative instruments designated as fair value and cash flow 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 (Loss)

 

 

 

 

First Quarter

 

 

 

 

2020

 

 

2019

 

 

Consolidated Statement of Income (Loss) Classification

Derivatives designated as cash flow hedges:

 

 

 

 

 

 

 

 

 

Foreign exchange contracts

$

(1

)

 

$

(2

)

 

Cost of services/sales

Cross currency swaps

 

58

 

 

 

(16

)

 

Interest expense

 

$

57

 

 

$

(18

)

 

 

Derivatives not designated as hedges:

 

 

 

 

 

 

 

 

 

Foreign exchange contracts

$

(9

)

 

$

6

 

 

Cost of services/sales