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Derivative Financial Instruments (Tables) | 9 Months Ended
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Sep. 30, 2018
Derivative Instruments And Hedging Activities Disclosure [Abstract] |
Outstanding Foreign Currency Forward Contracts | The Company had the following outstanding foreign currency forward contracts to hedge non-functional currency cash flows from forecasted revenues and expenses (in millions):
|  | Currency Denomination |
|  | September 30, |  |  | December 31, |
Foreign Currency |  | 2018 |  |  | 2017 |
Norwegian Krone |  |  | NOK 3,875 |  |  |  | NOK 4,013 |
Japanese Yen |  |  | JPY 326 |  |  |  | JPY 982 |
U.S. Dollar |  |  | USD 111 |  |  |  | USD 163 |
Euro |  |  | EUR 82 |  |  |  | EUR 120 |
Danish Krone |  |  | DKK 19 |  |  |  | DKK 30 |
British Pound Sterling |  |  | GBP 9 |  |  |  | GBP 11 |
Canadian Dollar |  |  | CAD 1 |  |  |  | CAD — |
The Company had the following outstanding foreign currency forward contracts that hedge the fair value of non-functional currency monetary accounts (in millions):
|  | Currency Denomination |
|  | September 30, |  |  | December 31, |
Foreign Currency |  | 2018 |  |  | 2017 |
Norwegian Krone |  |  | NOK 1,708 |  |  |  | NOK 1,734 |
Russian Ruble |  |  | RUB 1,329 |  |  |  | RUB 2,699 |
U.S. Dollar |  |  | USD 539 |  |  |  | USD 463 |
Mexican Peso |  |  | MXN 285 |  |  |  | MXN — |
South African Rand |  |  | ZAR 176 |  |  |  | ZAR 150 |
Euro |  |  | EUR 122 |  |  |  | EUR 99 |
Danish Krone |  |  | DKK 15 |  |  |  | DKK 15 |
British Pound Sterling |  |  | GBP 8 |  |  |  | GBP 3 |
Canadian Dollar |  |  | CAD 1 |  |  |  | CAD — |
Derivative Instruments and their Balance Sheet Classifications | The Company has the following gross fair values of its derivative instruments and their balance sheet classifications:
|  | Asset Derivatives |  |  | Liability Derivatives |
|  |  |  | Fair Value |  |  |  |  | Fair Value |
|  | Balance Sheet |  | September 30, |  |  | December 31, |  |  | Balance Sheet |  | September 30, |  |  | December 31, |
|  | Location |  | 2018 |  |  | 2017 |  |  | Location |  | 2018 |  |  | 2017 |
Derivatives designated as hedging instruments under ASC Topic 815 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts |  | Prepaid and other current assets |  | $ | 8 |  |  | $ | 13 |  |  | Accrued liabilities |  | $ | 5 |  |  | $ | 3 |
Foreign exchange contracts |  | Other Assets |  |  | 3 |  |  |  | 8 |  |  | Other liabilities |  |  | 2 |  |  |  | 2 |
Total derivatives designated as hedging instruments under ASC Topic 815 |  |  |  | $ | 11 |  |  | $ | 21 |  |  |  |  | $ | 7 |  |  | $ | 5 |
Derivatives not designated as hedging instruments under ASC Topic 815 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts |  | Prepaid and other current assets |  | $ | 4 |  |  | $ | 10 |  |  | Accrued liabilities |  | $ | 8 |  |  | $ | 5 |
Foreign exchange contracts |  | Other Assets |  |  | 3 |  |  |  | 2 |  |  | Other Liabilities |  |  | 1 |  |  |  | 1 |
Total derivatives not designated as hedging instruments under ASC Topic 815 |  |  |  | $ | 7 |  |  | $ | 12 |  |  |  |  | $ | 9 |  |  | $ | 6 |
Total derivatives |  |  |  | $ | 18 |  |  | $ | 33 |  |  |  |  | $ | 16 |  |  | $ | 11 |
Effect of Derivative Instruments on Consolidated Statements of Income | The Effect of Derivative Instruments on the Consolidated Statements of Income ($ in millions)
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Location of Gain (Loss) |  | Amount of Gain (Loss) |
|  |  |  |  |  |  |  |  |  | Location of Gain (Loss) |  | Amount of Gain (Loss) |  |  | Recognized in Income on |  | Recognized in Income on |
Derivatives in |  | Amount of Gain (Loss) |  |  | Reclassified from |  | Reclassified from |  |  | Derivative (Ineffective |  | Derivative (Ineffective |
ASC Topic 815 |  | Recognized in |  |  | Accumulated |  | Accumulated OCI |  |  | Portion and Amount |  | Portion and Amount |
Cash Flow Hedging |  | OCI on Derivative |  |  | OCI into Income |  | into Income |  |  | Excluded from |  | Excluded from |
Relationships |  | (Effective Portion) (a) |  |  | (Effective Portion) |  | (Effective Portion) |  |  | Effectiveness Testing) |  | Effectiveness Testing) (b) |
|  | Nine Months Ended |  |  |  |  |  |  | Nine Months Ended |  |  |  |  | Nine Months Ended |
|  | September 30, |  |  |  |  |  |  | September 30, |  |  |  |  | September 30, |
|  | 2018 |  |  | 2017 |  |  |  |  |  |  | 2018 |  |  | 2017 |  |  |  |  | 2018 |  |  | 2017 |
|  |  |  |  |  |  |  |  |  | Revenue |  |  | — |  |  |  | 6 |  |  | Cost of revenue |  |  | 1 |  |  |  | 10 |
Foreign exchange contracts |  |  | 4 |  |  |  | 67 |  |  | Cost of revenue |  |  | 2 |  |  |  | (18 | ) |  | Other income(expense), net |  |  | (5 | ) |  |  | 4 |
Total |  |  | 4 |  |  |  | 67 |  |  |  |  |  |  |  | 2 |  |  |  | (12 | ) |  |  |  |  | (4 | ) |  |  | 14 |
Derivatives Not Designated as |  | Location of Gain (Loss) |  | Amount of Gain (Loss) |
Hedging Instruments under |  | Recognized in Income |  | Recognized in Income on |
ASC Topic 815 |  | on Derivative |  | Derivative |
|  |  |  |  |  | Nine Months Ended |
|  |  |  |  |  | September 30, |
|  |  |  |  |  | 2018 |  |  | 2017 |
Foreign exchange contracts |  | Other income (expense), net |  |  | (11 | ) |  |  | 65 |
Total |  |  |  |  |  |  | (11 | ) |  |  | 65 |
(a) The Company expects that $8 million of the accumulated other comprehensive income (loss) will be reclassified into earnings within the next twelve months with an offset by losses from the underlying transactions resulting in no impact to earnings or cash flow. (b) The amount of gain (loss) recognized in income includes $1 million and $10 million related to the ineffective portion of the hedging relationships for the nine months ended September 30, 2018 and 2017, respectively, and $(5) million and $4 million related to the amount excluded from the assessment of the hedge effectiveness for the nine months ended September 30, 2018 and 2017, respectively.

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- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624163-113959 + Details
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