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FAIR VALUE MEASUREMENT (Tables)

3 Months Ended

Mar. 31, 2021

Fair Value Disclosures [Abstract]

Schedule of assets and liabilities at fair value

The Company’s financial assets and liabilities set forth by level within the fair value hierarchy that were accounted for at fair value on a recurring basis were as follows:

						March 31, 2021
(in millions)						Total						Level 1						Level 2						Level 3
Assets
Foreign exchange forward contracts						$	16					$	—					$	16					$	—
Total assets						$	16					$	—					$	16					$	—
Liabilities
Cross currency basis swaps						$	10					$	—					$	10					$	—
Foreign exchange forward contracts						10						—						10						—
Contingent considerations on acquisitions						13						—						—						13
Total liabilities						$	33					$	—					$	20					$	13

						December 31, 2020
(in millions)						Total						Level 1						Level 2						Level 3
Assets
Foreign exchange forward contracts						$	10					$	—					$	10					$	—
Total assets						$	10					$	—					$	10					$	—
Liabilities
Cross currency basis swaps						$	20					$	—					$	20					$	—
Foreign exchange forward contracts						15						—						15						—
Contingent considerations on acquisitions						5						—						—						5
Total liabilities						$	40					$	—					$	35					$	5

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- References

No definition available.

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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