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Derivative Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2021
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 EndedSix Months Ended
 June 30,June 30,
(in millions)2021202020212020
Cash Flow Hedges
Foreign Exchange Contracts
Amount of (loss) gain recognized in OCI$4 $$(7)$
Amount of (gain) loss reclassified from OCI into revenue1 (1)(1)
Amount of (gain) loss reclassified from OCI into cost of revenue (1)
Net Investment Hedges
Cross-Currency Swaps
Amount of gain (loss) recognized in OCI$2 $(22)$32 $23 
Amount of income recognized in Interest Expense5 $10 $
Foreign Currency Denominated Debt
Amount of gain (loss) recognized in OCI$(6)$(15)$20 $(5)
Fair values of foreign exchange contracts The fair values of our derivative contracts currently included in our hedging program were as follows:
(in millions)June 30,
2021
December 31,
2020
Derivatives designated as hedging instruments
Liabilities
Cash Flow Hedges
  Other current liabilities$(5)$— 
Net Investment Hedges
Other non-current accrued liabilities$(82)$(117)