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Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2021

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		2021					2020
South Korean Won		KRW		17,600			KRW		17,600
Norwegian Krone		NOK		2,006			NOK		3,817
Russian Ruble		RUB		1,115			RUB		1,118
Mexican Peso		MXN		506			MXN		402
Japanese Yen		JPY		465			JPY		340
U.S. Dollar		USD		374			USD		367
South African Rand		ZAR		124			ZAR		124
Euro		EUR		108			EUR		116
Singapore Dollar		SGD		34			SGD		31
British Pound Sterling		GBP		24			GBP		18
Danish Krone		DKK		22			DKK		875
Canadian Dollar		CAD		—			CAD		1
Brazilian Real		BRL		—			BRL		768

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		2021				2020				Location		2021				2020
Derivatives designated as    hedging instruments    under ASC Topic 815
Foreign exchange contracts		Prepaid and other current assets		$	12			$	17			Accrued liabilities		$	1			$	11
Foreign exchange contracts		Other Assets			—				12			Other liabilities			—				—
Total derivatives designated    as hedging instruments    under ASC Topic 815				$	12			$	29					$	1			$	11
Derivatives not designated    as hedging instruments    under ASC Topic 815
Foreign exchange contracts		Prepaid and other current assets		$	4			$	17			Accrued liabilities		$	9			$	4
Total derivatives not    designated as hedging    instruments under ASC    Topic 815				$	4			$	17					$	9			$	4
Total derivatives				$	16			$	46					$	10			$	15

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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=125515794&loc=SL5624163-113959

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