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Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Value of Derivative Assets and Liabilities

The following table presents the fair value of its derivative instruments (in millions):

			Asset (Liability)
									Fair Values as of December 31,
			Balance Sheets Classification						2020						2019
Derivative instruments designated as hedges:
Foreign exchange contracts			Prepaid expenses and other current assets						$	—					$	3
Foreign exchange contracts			Accrued liabilities						(34)						—
Total derivative instruments designated as hedges									$	(34)					$	3
Derivative instruments not designated as hedges:
Foreign exchange contracts			Accrued liabilities						(3)						—
Forward interest rate swaps			Accrued liabilities						(17)						(5)
Forward interest rate swaps			Other long-term liabilities						(29)						(8)
Total derivative instruments not designated as hedges									$	(49)					$	(13)
Total net derivative liability									$	(83)					$	(10)

Schedule of Net Gains (Losses) from Changes in Fair Values of Derivatives Not Designated as Hedges

The following table presents the net (losses) gains from changes in fair values of derivatives that are not designated as hedges (in millions):

			(Loss) Gain Recognized in Income
									Year Ended December 31,
			Statements of Operations Classification						2020						2019						2018
Derivative instruments not designated as hedges:
Foreign exchange contracts			Foreign exchange loss						$	(12)					$	(3)					$	1
Forward interest rate swaps			Interest expense, net						(46)						(19)						8
Total (loss) gain recognized in income									$	(58)					$	(22)					$	9

Schedule of Notional Value and Net Fair Value of Outstanding Contracts

The notional values and the net fair value of these outstanding contracts are as follows (in millions):

			December 31,
			2020						2019
Notional balance of outstanding contracts:
British Pound/U.S. Dollar			£	10					£	14
Euro/U.S. Dollar			€	123					€	36
Canadian Dollar/U.S. Dollar			$	—					$	1
Australian Dollar/U.S. Dollar			A$	—					A$	42
Japanese Yen/U.S. Dollar			¥	354					¥	264
Singapore Dollar/U.S. Dollar			S$	12					S$	19
Mexican Peso/U.S. Dollar			Mex$	36					Mex$	115
South African Rand/U.S. Dollar			R	—					R	42
Net fair value of liabilities of outstanding contracts			$	3					$	—

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- Definition

Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4E
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624181-113959

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5618551-113959

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959

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Tabular disclosure of derivative instruments (including nonderivative instruments that are designated and qualify as hedging instruments) of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5618551-113959

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- Definition

Tabular disclosure for net investment hedges of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959

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