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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
12 Months Ended
Dec. 31, 2018
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 (losses) gains included in our consolidated statements of operations are as follows, in millions:
 
Year Ended December 31,
 
2018
 
2017
 
2016
Foreign currency contracts:
 

 
 

 
 

Exchange contracts
$
1

 
$
(1
)
 
$

Forward contracts

 
1

 

Metals contracts

 

 
5

Interest rate swaps
(2
)
 
(4
)
 
(2
)
Total
$
(1
)
 
$
(4
)
 
$
3

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, 2018
 
Notional Amount
 
Balance Sheet
Foreign currency contracts:
 
 
 

Forward contracts
$
74

 
 
Receivables
 
 
$

Accrued liabilities
 
 

Other liabilities
 
 

 
At December 31, 2017
 
Notional Amount
 
Balance Sheet
Foreign currency contracts:
 

 
 

Exchange contracts
$
14

 
 

Accrued liabilities
 

 
$

Forward contracts
43

 
 

Receivables
 

 

Accrued liabilities