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Derivative Instruments (Tables) | 3 Months Ended
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Mar. 31, 2019
Derivative Instruments |
Balance Sheet Classification of derivative instruments |
|  | Fair Value of |  | Fair Value of
|  | Hedge Assets |  | Hedge Liabilities
|  | March 31, |  | December 31, |  | March 31, |  | March 31, |  | December 31, |  | March 31,
|  | 2019 |  | 2018 |  | 2018 |  | 2019 |  | 2018 |  | 2018
Derivatives designated as hedging instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commodity forward contracts (a) |  | $ | 3 |  | $ | 1 |  | $ | 4 |  | $ | - |  | $ | - |  | $ | -
Interest rate swaps - fair value hedges (b) |  |  | 18 |  |  | 6 |  |  | 4 |  |  |  |  |  | 1 |  |  | 15
Cash flow hedges of foreign exchange risk (c) |  |  | 18 |  |  | 10 |  |  | 6 |  |  | 4 |  |  | 1 |  |  | 26
Interest rate swaps - cash flow hedges (d) |  |  |  |  |  |  |  |  |  |  |  | 1 |  |  |  |  |  |
Net investment hedges (e) |  |  | 6 |  |  | 6 |  |  | 4 |  |  | 4 |  |  | 8 |  |  | 1
Total derivatives accounted for as hedges |  | $ | 45 |  | $ | 23 |  | $ | 18 |  | $ | 9 |  | $ | 10 |  | $ | 42
Derivatives not designated as hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange derivative contracts (f) |  |  | 2 |  |  | 2 |  |  |  |  |  | 1 |  |  | 2 |  |  |
Total derivatives |  | $ | 47 |  | $ | 25 |  | $ | 18 |  | $ | 10 |  | $ | 12 |  | $ | 42
Current |  | $ | 23 |  | $ | 19 |  | $ | 14 |  | $ | 3 |  | $ | 3 |  | $ | -
Noncurrent |  |  | 24 |  |  | 6 |  |  | 4 |  |  | 7 |  |  | 9 |  |  | 42
Total derivatives |  | $ | 47 |  | $ | 25 |  | $ | 18 |  | $ | 10 |  | $ | 12 |  | $ | 42
______________________________________ (a) The notional amounts of the commodity forward contracts were $20 million, $21 million and $31 million at March 31, 2019, December 31, 2018 and March 31, 2018, respectively. The maximum maturity dates were in 2020 for all three periods. (b) The notional amounts of the interest rate swaps designated as fair value hedges were €725 million at March 31, 2019, December 31, 2018 and March 31, 2018, respectively. The maximum maturity dates were in 2024 for all three periods. (c) The notional amounts of the cash flow hedges of foreign exchange risk were $797 million, $587 million and $310 million at March 31, 2019, December 31, 2018 and March 31, 2018, respectively. The maximum maturity dates were in 2023 for all three periods. (d) The notional amounts of the interest rate swaps designated as cash flow hedges were $180 million and maximum maturity dates were 2020 at March 31, 2019 and December 31, 2018. (e) The notional amounts of the net investment hedges were €160 million and maximum maturity dates were 2020 at March 31, 2019 and December 31, 2018. (f) The notional amounts of the foreign exchange derivative contracts were $625 million, $470 million and $350 million and maximum maturity dates were 2019, 2019, and 2018 at March 31, 2019, December 31, 2018 and March 31, 2018, respectively.
Effects of derivative instruments on the results of operations |
|  | Gain (Loss) Recognized in OCI (Effective Portion) |  | Gain (Loss) Reclassified from Accumulated OCI into Income (Effective Portion) (1)
|  | March 31, |  | March 31, |  |  | March 31, |  | March 31, |
Derivatives designated as hedging instruments: |  | 2019 |  | 2018 |  |  | 2019 |  | 2018 |
Cash Flow Hedges |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commodity forward contracts (a) |  | $ | 2 |  | $ | 1 |  |  | $ | — |  | $ | — |
Cash flow hedges of foreign exchange risk (b) |  |  | 7 |  |  | (13) |  |  |  | (10) |  |  | (8) |
Cash flow hedges of interest rate risk (c) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Investment Hedges |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net Investment Hedges |  |  | 5 |  |  |  |  |  |  | (2) |  |  |  |
|  | $ | 14 |  | $ | (12) |  |  | $ | (12) |  | $ | (8) |
|  | Amount of Gain (Loss) Recognized in Other income (expense), net |  |  |  |  |  |  |
|  | March 31, |  | March 31, |  |  |  |  |  |  |  |
Derivatives not designated as hedges: |  | 2019 |  | 2018 |  |  |  |  |  |  |  |
Foreign exchange derivative contracts |  | $ | 6 |  | $ | — |  |  |  |  |  |  |  |
(1) Gains and losses reclassified from accumulated OCI and recognized in income are recorded to (a) cost of goods sold, (b) other expense, net or (c) interest expense, net.

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- Definition Tabular disclosure of the effective portion of gains and losses on derivative instruments (and nonderivative instruments) designated and qualifying in cash flow hedges recorded in accumulated other comprehensive income (loss) during the term of the hedging relationship and reclassified into earnings during the current period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624171-113959 + Details
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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=84234895&loc=SL5624163-113959 + Details
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