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Derivative Financial Instruments (Tables) | 3 Months Ended
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Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Effect of derivative financial instruments | The table below presents the effect of our derivative financial instruments on the Condensed Consolidated Income Statements and Statements of Comprehensive Income:
| Three Months Ended |  |  |  |  |  |
| March 31, |  |  |  |  |  |
(in millions) | 2020 |  | 2019 |  |  |  |
Cash Flow Hedges |  |  |  |  |  |  |
Foreign Exchange Contracts |  |  |  |  |  |  |
Amount of (loss) recognized in OCI | $ | (2) |  |  | $ | (9) |  |  |  |  |
Amount of loss reclassified from OCI into revenue | 2 |  |  | 1 |  |  |  |  |
Amount of loss reclassified from OCI into cost of revenue | 1 |  |  | 1 |  |  |  |  |
Net Investment Hedges |  |  |  |  |  |  |
Cross Currency Swaps |  |  |  |  |  |  |
Amount of gain recognized in OCI | $ | 45 |  |  | $ | 7 |  |  |  |  |
Amount of income recognized in Interest Expense | 4 |  |  | 3 |  |  |  |  |
Foreign Currency Denominated Debt |  |  |  |  |  |  |
Amount of gain recognized in OCI | $ | 10 |  |  | $ | 7 |  |  |  |  |
Fair values of foreign exchange contracts | The fair values of our foreign exchange contracts currently included in our hedging program designated as hedging instruments were as follows:
(in millions) | March 31, 2020 |  | December 31, 2019
Derivatives designated as hedging instruments |  |  |
Assets |  |  |
Cash Flow Hedges |  |  |
Other current assets | $ | 6 |  |  | $ | — |
Net Investment Hedges |  |  |
Other non-current assets | $ | 29 |  |  | $ | 4 |
Liabilities |  |  |
Cash Flow Hedges |  |  |
Other current liabilities | $ | (9) |  |  | $ | — |
Net Investment Hedges |  |  |
Other non-current accrued liabilities | $ | (2) |  |  | $ | (24) |

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- Definition Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings. + 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 (c) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure of derivative assets at fair value. + References No definition available. + Details
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