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Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2019

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Outstanding Foreign Currency Forward Contracts

The Company had the following outstanding foreign currency forward contracts at year end (in millions):

		Currency Denomination
		March 31,				December 31,
Foreign Currency		2019				2018
South Korean Won			KRW         17,600				KRW               -
Norwegian Krone			NOK           4,725				NOK         5,229
U.S. Dollar			USD               699				USD            631
Mexican Peso			MXN              193				MXN           204
Euro			EUR               192				EUR            172
South African Rand			ZAR               124				ZAR            124
Japanese Yen			JPY                121				JPY             121
Danish Krone			DKK              103				DKK             35
Singapore Dollar			SGD                38				SGD                -
British Pound Sterling			GBP                 22				GBP              12
Canadian Dollar			CAD                  2				CAD             —

Derivative Instruments and their Balance Sheet Classifications

The Company has the following fair values of its derivative instruments and their balance sheet classifications (in millions):

		Asset Derivatives										Liability Derivatives
				Fair Value										Fair Value
		Balance Sheet		March 31,				December 31,				Balance Sheet		March 31,				December 31,
		Location		2019				2018				Location		2019				2018
Derivatives designated as    hedging instruments    under ASC Topic 815
Foreign exchange contracts		Prepaid and other current assets		$	2			$	2			Accrued liabilities		$	16			$	17
Foreign exchange contracts		Other Assets			—				—			Other liabilities			7				11
Total derivatives designated    as hedging instruments    under ASC Topic 815				$	2			$	2					$	23			$	28
Derivatives not designated    as hedging instruments    under ASC Topic 815
Foreign exchange contracts		Prepaid and other current assets		$	2			$	4			Accrued liabilities		$	8			$	6
Foreign exchange contracts		Other Assets			—				—			Other Liabilities			—				2
Total derivatives not    designated as hedging    instruments under ASC    Topic 815				$	2			$	4					$	8			$	8
Total derivatives				$	4			$	6					$	31			$	36

Effect of Derivative Instruments on Consolidated Statements of Income (Loss)

The Effect of Derivative Instruments on the Consolidated Statements of Income (Loss) ($ in millions)

Derivatives in										Location of Gain (Loss)								Amount of Gain (Loss)
ASC Topic 815		Amount of Gain (Loss)								Reclassified from								Reclassified from								Location of Gain (Loss)		Amount of Gain (Loss)
Cash Flow Hedging		Recognized in								Accumulated								Accumulated OCI								Recognized in Income on		Recognized in Income on
Relationships		OCI on Derivative								OCI into Income								into Income								Derivative		Derivative
		Three Months Ended																Three Months Ended										Three Months Ended
		March 31,																March 31,										March 31,
		2019				2018												2019				2018						2019				2018
										Revenue									—				1			Cost of revenue			—				—
Foreign exchange    contracts			3				22			Cost of revenue									(1	)			4			Other income(expense), net			(3	)			(1	)
Total			3				22												(1	)			5						(3	)			(1	)
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
										Three Months Ended
										March 31,
										2019				2018
Foreign exchange contracts		Other income (expense), net									4				11
Total											4				11

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- Definition

Outstanding foreign currency forward contracts.

+ References

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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

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- Definition

Tabular disclosure of gains and losses on derivative instruments included in an entity's trading activities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4F
-Subparagraph (a),(b)
-URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624186-113959

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 55
-Paragraph 184
-URI http://asc.fasb.org/extlink&oid=109975725&loc=SL5634876-113961

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