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Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2019

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Outstanding Foreign Currency Forward Contracts

Forward currency contracts consist of (in millions):

		Currency Denomination
		September 30,					December 31,
Foreign Currency		2019					2018
South Korean Won		KRW		17,600			KRW		—
Norwegian Krone		NOK		3,845			NOK		5,229
U.S. Dollar		USD		635			USD		631
Euro		EUR		167			EUR		172
South African Rand		ZAR		124			ZAR		124
Mexican Peso		MXN		119			MXN		204
Japanese Yen		JPY		113			JPY		121
Singapore Dollar		SGD		38			SGD		—
British Pound Sterling		GBP		26			GBP		12
Danish Krone		DKK		16			DKK		35
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		September 30,				December 31,				Balance Sheet		September 30,				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		$	3			$	2			Accrued liabilities		$	29			$	17
Foreign exchange contracts		Other Assets			—				—			Other liabilities			9				11
Total derivatives designated    as hedging instruments    under ASC Topic 815				$	3			$	2					$	38			$	28
Derivatives not designated    as hedging instruments    under ASC Topic 815
Foreign exchange contracts		Prepaid and other current assets		$	1			$	4			Accrued liabilities		$	9			$	6
Foreign exchange contracts		Other Assets			1				—			Other Liabilities			—				2
Total derivatives not    designated as hedging    instruments under ASC    Topic 815				$	2			$	4					$	9			$	8
Total derivatives				$	5			$	6					$	47			$	36

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- Definition

Outstanding foreign currency forward contracts.

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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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