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Derivative Instruments and Hedging Activities (Tables)
 12 Months Ended
Dec. 31, 2018
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Effect of Derivative Instruments Designated as Fair Value Hedges and Not Designated as Hedges on Consolidated Statement of Income (Loss)

The effect of derivative instruments designated as fair value hedges and those not designated as hedges on the Consolidated Statement of Income (Loss) was as follows:

 

 

 

 

 

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gain (Loss) Recognized in Income (Loss)

 

 

 

 

2018

 

 

2017

 

 

2016

 

 

Consolidated Statement

 of Income (Loss) Classification

Derivatives designated as fair value hedges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Cross currency swap

$

(25

)

 

$

73

 

 

$

(31

)

 

Interest expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivatives designated as cash flow hedges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Cross currency swap

$

80

 

 

$

(8

)

 

$

-

 

 

Interest expense

Foreign exchange contracts

 

(1

)

 

 

-

 

 

 

-

 

 

Cost of services/sales

 

$

79

 

 

$

(8

)

 

$

-

 

 

 

Derivatives not designated as hedges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign exchange contracts

$

40

 

 

$

(26

)

 

$

(246

)

 

Cost of services/sales