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Derivative and Other Financial Instruments - Narrative (Details) € in Millions | 3 Months Ended | 6 Months Ended | 12 Months Ended |
--- | --- | --- | --- | ---
Jun. 30, 2020 USD ($) | Jun. 30, 2019 USD ($) | Jun. 30, 2020 USD ($) | Jun. 30, 2019 USD ($) | Dec. 31, 2019 USD ($) | Jun. 30, 2020 EUR (€)
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 |  |  | $ 22,000,000 |  |  |
Loss, net of tax, expected to be reclassified to earnings |  |  | 18,000,000 |  |  |
Reclassification of anticipated transactions that were no longer considered probable |  |  | 0 | $ 0 |  |
Derivatives designated as net investment hedges |  |  |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |  |  |
Carrying amount of hedged net investment | $ 1,161,000,000 |  | 1,161,000,000 |  |  | € 1,303
Derivatives designated as net investment hedges | Accumulated Other Comprehensive Income |  |  |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |  |  |
Loss on net investment hedge settlements |  |  | 32,000,000 |  | $ 32,000,000 |
Loss on net investment hedge settlements, net of tax |  |  | 9,000,000 |  | 9,000,000 |
Derivatives designated as net investment hedges | Other Comprehensive Income |  |  |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |  |  |
Loss on net investment hedge settlements | 26,000,000 | $ 19,000,000 | 1,000,000 | (9,000,000) |  |
Loss on net investment hedge settlements, net of tax | 26,000,000 | 19,000,000 | 1,000,000 | 9,000,000 |  |
Designated as Hedging Instrument | Derivatives in fair value hedges |  |  |  |  |  |
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 |  | 2,000,000 |  | $ (2,000,000) |
Designated as Hedging Instrument | Derivatives in fair value hedges | Foreign exchange |  |  |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |  |  |
Losses from foreign exchange contracts designated as fair value hedges (less than) | $ 2,000,000 | $ 2,000,000 | $ 1,000,000 | $ 1,000,000 |  |
Minimum |  |  |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |  |  |
Derivative, remaining maturity range |  |  | 1 month |  |  |
Maximum |  |  |  |  |  |
Derivative Instruments, Gain (Loss) [Line Items] |  |  |  |  |  |
Derivative, remaining maturity range |  |  | 29 months |  |  |

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- Definition Gain (Loss) on Derivative Used in Net Investment Hedge, Pretax + References No definition available. + Details
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- Definition The estimated net amount of existing gains or losses on cash flow hedges at the reporting date expected to be reclassified to earnings within the next 12 months. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=121549185&loc=d3e80748-113994 + Details
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- Definition Period remaining until the derivative contract matures, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References No definition available. + Details
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- Definition Amount of gain (loss) from the increase (decrease) in fair value of foreign currency derivatives and nonderivative instruments designated as fair value hedging instruments which were recognized in earnings, net of offsets by the gain (loss) on the hedged item to the extent that the fair value hedge was determined to be effective. + 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 (a) -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5618551-113959 + Details
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- Definition Description of the reasons for holding or issuing derivative instruments and nonderivative hedging instruments. Includes discussion of the objectives for holding or issuing derivative instruments, the context needed to understand those objectives, and the strategies for achieving those objectives. The description generally distinguishes between derivative and nonderivative instruments by the types of hedging relationships and between those instruments used for risk management purposes and those used for other purposes. Information about those instruments is disclosed in the context of each instrument's primary underlying risk exposure (for example, interest rate, credit, foreign exchange rate, interest rate and foreign exchange rate, or overall price). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5579245-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5580258-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5579240-113959 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121590274&loc=d3e41620-113959 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=121590274&loc=d3e41641-113959 + Details
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