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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
 12 Months Ended
Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of pre-tax (losses) gains included in the Company's condensed consolidated statements of operations
The pre-tax gains (losses) included in our consolidated statements of operations are as follows, in millions:
 
Year Ended December 31,
 
2016
 
2015
 
2014
Foreign currency contracts:
 

 
 

 
 

Exchange contracts
$
—

 
$
4

 
$
5

Forward contracts
—

 
(3
)
 
—

Metals contracts
5

 
(17
)
 
(3
)
Interest rate swaps
(2
)
 
(2
)
 
(2
)
Total
$
3

 
$
(18
)
 
$
—
Schedule of notional amounts being hedged and the fair value of derivative instruments
The notional amounts being hedged and the fair value of those derivative instruments are as follows, in millions:
 
At December 31, 2016
 
Notional Amount
 
Balance Sheet
Foreign currency contracts
 
 
 

Forward contracts
$
21

 
 
Accrued liabilities
 
 
$
(2
)
Metals contracts
1

 
 
Accrued liabilities
 
 
—

 
 
At December 31, 2015
 
Notional Amount
 
Balance Sheet
Foreign currency contracts:
 

 
 

Exchange contracts
$
39

 
 

Receivables
 

 
$
1

Forward contracts
30

 
 

Accrued liabilities
 

 
(2
)
Other liabilities
 

 
(1
)
Metals contracts
50

 
 

Accrued liabilities
 

 
(10
)