XML 61 R51.htm IDEA: XBRL DOCUMENT v3.20.1
Derivative and Other Financial Instruments - Narrative (Details)
€ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2020
USD ($)
Mar. 31, 2019
USD ($)
Dec. 31, 2019
USD ($)
Mar. 31, 2020
EUR (€)
Mar. 31, 2020
USD ($)
Derivative Instruments, Gain (Loss) [Line Items]          
Objective for using derivative instruments The Company’s objective in managing exposure to market and interest rate risk is to limit the impact on earnings and cash flow.        
Loss expected to be reclassified to earnings $ 51,000,000        
Loss, net of tax, expected to be reclassified to earnings 41,000,000        
Reclassification of anticipated transactions that were no longer considered probable $ 0 $ 0      
Minimum          
Derivative Instruments, Gain (Loss) [Line Items]          
Derivative, remaining maturity range 1 month        
Maximum          
Derivative Instruments, Gain (Loss) [Line Items]          
Derivative, remaining maturity range 30 months        
Derivatives not designated as hedges | Foreign exchange          
Derivative Instruments, Gain (Loss) [Line Items]          
Derivative, Notional Amount     $ 1,017,000,000   $ 921,000,000
Derivatives in cash flow hedges | Interest Rate Swap          
Derivative Instruments, Gain (Loss) [Line Items]          
Amount of gain/(loss) recognized in AOCI (effective portion) $ (1,000,000) 0      
Derivative, Notional Amount     200,000,000   200,000,000
Derivatives in cash flow hedges | Commodities          
Derivative Instruments, Gain (Loss) [Line Items]          
Derivative, Notional Amount     334,000,000   356,000,000
Derivatives in cash flow hedges | Foreign exchange          
Derivative Instruments, Gain (Loss) [Line Items]          
Derivative, Notional Amount     1,030,000,000   807,000,000
Derivatives in cash flow hedges | Designated as Hedging Instrument          
Derivative Instruments, Gain (Loss) [Line Items]          
Amount of gain/(loss) recognized in AOCI (effective portion) (39,000,000) 6,000,000      
Derivatives in cash flow hedges | Designated as Hedging Instrument | Commodities          
Derivative Instruments, Gain (Loss) [Line Items]          
Amount of gain/(loss) recognized in AOCI (effective portion) (39,000,000) 10,000,000      
Derivatives in cash flow hedges | Designated as Hedging Instrument | Foreign exchange          
Derivative Instruments, Gain (Loss) [Line Items]          
Amount of gain/(loss) recognized in AOCI (effective portion) 1,000,000 (4,000,000)      
Derivatives in fair value hedges | Foreign exchange          
Derivative Instruments, Gain (Loss) [Line Items]          
Derivative, Notional Amount     142,000,000   158,000,000
Derivatives in fair value hedges | Designated as Hedging Instrument          
Derivative Instruments, Gain (Loss) [Line Items]          
Cumulative amount of fair value hedging adjustment included in the carrying about of the hedged assets     2,000,000   13,000,000
Derivatives in fair value hedges | Designated as Hedging Instrument | Foreign exchange          
Derivative Instruments, Gain (Loss) [Line Items]          
Losses from foreign exchange contracts designated as fair value hedges (less than) 1,000,000 1,000,000      
Derivatives designated as net investment hedges          
Derivative Instruments, Gain (Loss) [Line Items]          
Carrying amount of hedged net investment       € 1,253 1,138,000,000
Derivatives designated as net investment hedges | Accumulated Other Comprehensive Income          
Derivative Instruments, Gain (Loss) [Line Items]          
Loss on net investment hedge settlements 6,000,000   32,000,000    
Loss on net investment hedge settlements, net of tax 17,000,000   (9,000,000)    
Derivatives designated as net investment hedges | Foreign exchange          
Derivative Instruments, Gain (Loss) [Line Items]          
Derivative, Notional Amount     $ 1,075,000,000   $ 1,075,000,000
Derivatives designated as net investment hedges | Designated as Hedging Instrument | Foreign exchange          
Derivative Instruments, Gain (Loss) [Line Items]          
Amount of gain/(loss) recognized in AOCI (effective portion) 61,000,000 26,000,000      
Derivatives designated as net investment hedges | Other Comprehensive Income          
Derivative Instruments, Gain (Loss) [Line Items]          
Loss on net investment hedge settlements (26,000,000) (28,000,000)      
Loss on net investment hedge settlements, net of tax $ 26,000,000 $ 28,000,000