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FAIR VALUE MEASUREMENTS AND FINANCIAL INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2019

Schedule of components and classification of financial assets and liabilities measured at fair value

The following table presents the components and classification of the Company’s financial assets and liabilities measured at fair value on a recurring basis:



	September 30, 2019								December 31, 2018
(in millions)	Carrying Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Carrying Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Cash equivalents	$	284	$	250	$	34	$	—	$	197	$	166	$	31	$	—
Restricted cash	$	2	$	2	$	—	$	—	$	2	$	2	$	—	$	—
Cross-currency swaps	$	8	$	—	$	8	$	—	$	—	$	—	$	—	$	—
Liabilities:
Acquisition-related contingent consideration	$	313	$	—	$	—	$	313	$	339	$	—	$	—	$	339

Schedule of effect of hedging instruments on financial statements

The following table presents the effect of hedging instruments on the Consolidated Statements of Comprehensive Loss and the Consolidated Statements of Operations:



	Gain recognized in Other Comprehensive Loss				Gain excluded from assessment of hedge effectiveness				Location of gain in income of excluded component
(in millions)	Three Months Ended September 30, 2019		Nine Months Ended September 30, 2019		Three Months Ended September 30, 2019		Nine Months Ended September 30, 2019		Location of gain in income of excluded component
Cross-currency swaps	$	5	$	5	$	3	$	3	Interest expense

Schedule of reconciliation of contingent consideration obligations measured on a recurring basis using significant unobservable inputs (Level 3)

The following table presents a reconciliation of contingent consideration obligations measured on a recurring basis using significant unobservable inputs (Level 3) for the nine months ended September 30, 2019 and 2018:



(in millions)	2019						2018
Balance, beginning of period				$	339					$	387
Adjustments to Acquisition-related contingent consideration:
Accretion for the time value of money	$	16					$	18
Fair value adjustments due to changes in estimates of other future payments	(14		)				(41		)
Acquisition-related contingent consideration				2						(23		)
Payments				(28		)				(28		)
Balance, end of period				313						336
Current portion included in Accrued and other current liabilities				46						54
Non-current portion				$	267					$	282

Schedule of assets and liabilities measured at fair value on a non-recurring basis

The following table presents the components and classification of the Company’s financial assets and liabilities measured at fair value on a non-recurring basis:



	September 30, 2019								December 31, 2018
(in millions)	Carrying Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Carrying Value		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Other non-current assets:
Non-current assets held for sale	$	39	$	—	$	—	$	39	$	—	$	—	$	—	$	—