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Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2016
History of Remeasurement Losses, Deconsolidation Loss and Historical Operating Results and Financial Position of Venezuelan Subsidiaries

The following table sets forth a history of the remeasurement losses, the deconsolidation loss and historical operating results and financial position of our Venezuelan subsidiaries for the periods presented:

 

                                     
     For the Years Ended December 31,  
     2015      2014  
     (in millions)  

Net revenues

    $ 1,217       $ 760   

Operating income (excluding remeasurement and
deconsolidation losses)

      266         181   

Remeasurement losses:

      

Q1 2014: 6.30 to 10.70 bolivars to the U.S. dollar

      –         (142 ) 

SICAD I remeasurements through
December 31, 2014

      –         (25 ) 

Q1 2015: 11.50 to 12.00 bolivars to the U.S. dollar

      (11 )       –   

Loss on deconsolidation

      (778 )       –   
     As of December 31,  
     2015      2014  
     (in millions)  

Cash (1)

    $ 611       $ 278   

Net monetary assets (1)

      405         236   

Net assets (1)

      658         500   

 

  (1) Represents the financial position of our Venezuelan subsidiaries prior to the accounting change on December 31, 2015.