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Derivative Instruments (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Assets and Liabilities | The following table presents the fair value of its derivative instruments (in millions):
| Asset (Liability) Derivatives
|  |  | Fair Values as of
| Balance Sheet Classification |  | March 31, 2018 |  | December 31, 2017
Derivative instruments designated as hedges: |  |  |  |  |
Foreign exchange contracts | Accrued liabilities |  | $ | (11 | ) |  | $ | (9 | )
Forward interest rate swaps | Accrued liabilities |  | — |  |  | (2 | )
Forward interest rate swaps | Other long-term liabilities |  | (4 | ) |  | (8 | )
Total derivative instruments designated as hedges |  |  | $ | (15 | ) |  | $ | (19 | )
Derivative instruments not designated as hedges: |  |  |  |  |
Foreign exchange contracts | Accrued liabilities |  | $ | — |  |  | $ | (2 | )
Forward interest rate swaps | Accrued liabilities |  | (1 | ) |  | (1 | )
Forward interest rate swaps | Other long-term liabilities |  | 5 |  |  | (7 | )
Total derivative instruments not designated as hedges |  |  | 4 |  |  | (10 | )
Total net derivative liability |  |  | $ | (11 | ) |  | $ | (29 | )
Derivative Instruments, Gain (Loss) | The following table presents the gains (losses) from changes in fair values of derivatives that are not designated as hedges (in millions):
| (Loss) Gain Recognized in Income
|  |  | Three Months Ended
| Statements of Operations Classification |  | March 31, 2018 |  | April 1, 2017
Derivative instruments not designated as hedges: |  |  |  |  |
Foreign exchange contracts | Foreign exchange loss |  | $ | — |  |  | $ | (5 | )
Forward interest rate swaps | Interest expense, net |  | 13 |  |  | 1 |
Total gain (loss) recognized in income |  |  | $ | 13 |  |  | $ | (4 | )
Financial Information Related to Hedging of Net Assets Included in Consolidated Statements of Operations | The notional values and the net fair value of these outstanding contracts are as follows (in millions):
| March 31, 2018 |  | December 31, 2017
Notional balance of outstanding contracts: |  |  |
British Pound/U.S. dollar | £ | 3 |  |  | £ | 13 |
Euro/U.S. dollar | € | 82 |  |  | € | 108 |
British Pound/Euro | £ | 5 |  |  | £ | 5 |
Canadian Dollar/U.S. dollar | $ | 1 |  |  | $ | 12 |
Czech Koruna/U.S. dollar | Kč | 368 |  |  | Kč | 361 |
Brazilian Real/U.S. dollar | R$ | 22 |  |  | R$ | 34 |
Australian Dollar/U.S. dollar | $ | 48 |  |  | $ | 55 |
Swedish Krona/U.S. dollar | kr | 13 |  |  | kr | 13 |
Japanese yen/U.S. dollar | ¥ | 250 |  |  | ¥ | 151 |
Singapore dollar/U.S. dollar | S$ | 3 |  |  | S$ | 4 |
Net fair value of (liability) asset of outstanding contracts | $ | — |  |  | $ | (2 | )
Schedule of Gross and Net Amount Offset | The following table presents the asset (liability) gross fair values and related offsetting counterparty fair values as well as the net fair value amounts at March 31, 2018 (in millions):
| Gross Fair Value |  | Offsetting Counterparty Fair Value |  | Net Fair Value in the Consolidated Balance Sheets
Counterparty A | $ | 4 |  |  | $ | 2 |  |  | $ | 2 |
Counterparty B | 2 |  |  | 1 |  |  | 1 |
Counterparty C | 2 |  |  | 1 |  |  | 1 |
Counterparty D | 3 |  |  | 1 |  |  | 2 |
Counterparty E | 2 |  |  | 1 |  |  | 1 |
Counterparty F | (10 | ) |  | (1 | ) |  | (9 | )
Counterparty G | 2 |  |  | — |  |  | 2 |
Total | $ | 5 |  |  | $ | 5 |  |  | $ | — |
Schedule of Notional Amounts by Year | The interest rate swaps have future maturities consisting of the following notional amounts per year (in millions):
Year 2018 | $ | 544 |
Year 2019 | 1,344 |
Year 2020 | 1,072 |
Year 2021 | 1,072 |
Year 2022 | 800 |
Notional balance of outstanding contracts | $ | 4,832 |

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- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=82843861&loc=d3e1928-114920 + Details
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