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Accumulated Other Comprehensive Loss | 3 Months Ended
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Mar. 31, 2019
Equity [Abstract] |
Accumulated Other Comprehensive Loss | Accumulated Other Comprehensive Loss Changes in accumulated other comprehensive loss by component, net of income taxes, consisted of the following:
(In millions) | Cash Flow Hedges |  | Foreign Currency Translation |  | Other |  | Total
Balance at December 31, 2018 | $ | (16 | ) |  | $ | (49 | ) |  | $ | (2 | ) |  | $ | (67 | )
Other comprehensive loss before reclassifications | (23 | ) |  | 4 |  |  | — |  |  | (19 | )
Amounts reclassified from accumulated other comprehensive loss | 1 |  |  | — |  |  | — |  |  | 1 |
Net current-period other comprehensive loss | (22 | ) |  | 4 |  |  | — |  |  | (18 | )
Balance at March 31, 2019 | $ | (38 | ) |  | $ | (45 | ) |  | $ | (2 | ) |  | $ | (85 | )
(In millions) | Cash Flow Hedges |  | Foreign Currency Translation |  | Other |  | Total
Balance at December 31, 2017 | $ | (14 | ) |  | $ | (38 | ) |  | $ | (2 | ) |  | $ | (54 | )
Other comprehensive loss before reclassifications | (1 | ) |  | — |  |  | — |  |  | (1 | )
Amounts reclassified from accumulated other comprehensive loss | (1 | ) |  | — |  |  | — |  |  | (1 | )
Net current-period other comprehensive loss | (2 | ) |  | — |  |  | — |  |  | (2 | )
Cumulative-effect adjustment of ASU 2017-12 adoption from retained earnings | 3 |  |  | — |  |  | — |  |  | 3 |
Cumulative-effect adjustment of ASU 2018-02 adoption to retained earnings | (3 | ) |  | — |  |  | — |  |  | (3 | )
Balance at March 31, 2018 | $ | (16 | ) |  | $ | (38 | ) |  | $ | (2 | ) |  | $ | (56 | )
Based on the amounts recorded in accumulated other comprehensive loss at March 31, 2019, the Company estimates that it will recognize approximately $6 million in interest expense during the next twelve months related to settled interest rate hedge contracts. Derivatives are recorded in the consolidated balance sheets as either an asset or liability measured at fair value. For a derivative designated as a cash flow hedge, changes in the fair value of the derivative are recorded as a component of accumulated other comprehensive loss and recognized in the consolidated statements of income when the hedged item affects earnings, reported within the same line as the hedged item. The Company’s policy is to enter into derivatives with creditworthy institutions and not to enter into such derivatives for speculative purposes. The Company has entered into foreign currency forward exchange contracts, which have been designated as cash flow hedges, to hedge foreign currency exposure to the Indian Rupee. As of March 31, 2019, the notional amount of these derivatives was $214 million, and the fair value totaling $4 million is reported in prepaid expenses and other current assets in the consolidated balance sheet. As of December 31, 2018, the notional amount of these derivatives was $202 million, and the fair value was nominal. Based on the amounts recorded in accumulated other comprehensive loss at March 31, 2019, the Company estimates that it will recognize losses of approximately $2 million in cost of processing and services during the next twelve months as foreign currency forward exchange contracts settle. In March 2019, the Company entered into Treasury Locks, designated as cash flow hedges, in the aggregate notional amount of $5 billion to manage exposure to fluctuations in benchmark interest rates in anticipation of the possible issuance of fixed rate debt in connection with the refinancing of certain indebtedness of First Data and its subsidiaries (see Note 13). The fair value of the Treasury Locks, which totaled $35 million at March 31, 2019 was recorded primarily within accounts payable and accrued expenses in the consolidated balance sheet with a corresponding amount recorded in accumulated other comprehensive loss, net of income taxes.

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI http://asc.fasb.org/topic&trid=2134417 + Details
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- References No definition available. + Details
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