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Derivative Instruments (Tables)
12 Months Ended
Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Financial Information Related to Hedging of Net Assets Included in Consolidated Statement of Earnings
Summary financial information related to these activities included in the Company's consolidated statements of operations as other (expense) income is as follows (in millions):
 
Year Ended December 31,
 
2015
 
2014
 
2013
Realized gain (loss) from foreign exchange derivatives
$
11

 
$
6

 
$
(2
)
(Loss) gain on net foreign currency assets
(33
)
 
(15
)
 
1

Foreign exchange (loss) gain
$
(22
)
 
$
(9
)
 
$
(1
)

 
December 31,
 
2015
 
2014
Notional balance of outstanding contracts (in millions):
 
 
 
British Pound/US dollar
£
5

 
£
5

Euro/US dollar
133

 
40

British Pound/Euro
£
7

 
£

Canadian Dollar/US dollar
$
5

 
$

Czech Koruna/US dollar
140

 


Brazilian Real/US dollar
R$
28

 
R$

Malaysian Ringgit/US dollar
RM
13

 
RM

Net fair value of outstanding contracts
$
1

 
$

Financial Information Related to Cash Flow Hedges
Summary financial information related to the cash flow hedges within comprehensive (loss) income is as follows (in millions):
 
Year Ended December 31,
 
2015
 
2014
Change in unrealized (loss) gain on anticipated sales hedging:
 
 
 
Gross
$
(8
)
 
$
9

Income tax (benefit) expense
(2
)
 
2

Net
$
(6
)
 
$
7

Financial Information Related to Cash Flow Hedges of Future Revenues
Summary financial information related to the cash flow hedges of future revenues is as follows (in millions, except percentages):
 
December 31,
 
2015
 
2014
Notional balance of outstanding contracts versus the dollar
193

 
89

Hedge effectiveness
100
%
 
100
%
 
 
Year Ended December 31,
 
2015
 
2014
 
2013
Net gain (loss) included in revenue
$
14

 
$
2

 
$
(4
)
Forward Contract Amounts Recorded in Consolidated Balance Sheet
The balance sheet position of the New Swaps designated in a hedge relationship is as follows (in millions):
 
December 31,
 
2015
 
2014
Accrued liabilities
$
1

 
$

Other long-term liabilities
14

 
2

Hedge Effectiveness
100
%
 
100
%
The amounts recorded on the consolidated balance sheets are as follows (in millions):
 
December 31,
 
2015
 
2014
Assets:
 
 
 
Prepaid expenses and other current assets
$
7

 
$
9

Total
$
7

 
$
9

Schedule of Gross and Net Amount Offset
The gross and net amounts offset at December 31,2015 were as follows (in millions):
 
Gross Fair Value
 
Counterparty
Offsetting
 
Net Fair Value in
the Consolidated
Balance Sheets
Counterparty A
$
12

 
$
6

 
$
6

Counterparty B
4

 
2

 
2

Counterparty C
4

 
2

 
2

Counterparty D
9

 
3

 
6

Counterparty E
4

 
1

 
3

Counterparty F
4

 
2

 
2

Counterparty G
5

 

 
5

Total
$
42

 
$
16

 
$
26

Schedule of Series of Forward Starting Swaps Each with a Term of One Year
The New Swaps have the following notional amounts per year (in millions):
Year 2016
$
1,010

Year 2017
697

Year 2018
544

Year 2019
544

Year 2020
272

Year 2021
272

Notional balance of outstanding contracts
$
3,339

Schedule of Gain (Loss) Recognized on Forward Interest Rate Swaps Not Designated in Hedge Relationship
The gain (loss) recognized on the forward interest rate swaps not designated in a hedge relationship is combined with interest expense, net in the consolidated statements of operations is as follows (in millions):
 
Year Ended December 31,
 
2015
 
2014
 
2013
Interest income/(expense) on forward interest-rate swaps
$
4

 
$
(5
)
 
$

Schedule of Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Forward Interest Rate Swaps Designated in Hedging Relationship
The loss recognized in other comprehensive unrealized loss on the forward interest rate swaps designated in a hedging relationship is as follows (in millions):
 
Year Ended December 31,
 
2015
 
2014
Change in unrealized (losses) gains on forward interest rate swap hedging:
 
 
 
Gross
$
(12
)
 
$
(12
)
Income tax (benefit)
(5
)
 
(4
)
Net
$
(7
)
 
$
(8
)