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Risk Management and Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2017

Risk Management and Fair Value of Financial Instruments [Abstract]

Schedule of Derivative Instruments [Table Text Block]

the term loan facilities as follows:

Notional Value (in millions)		Commencement Date		Expiration Date
$225		July 2012		February 2018	(a)
$200		January 2013		February 2018	(a)
$600		August 2015		August 2020
$450		November 2017	(a)	November 2022

_______________

(a) Interest rates swaps with a notional value of $425 million expired February 10, 2018, and interest rate swaps with a notional value of $450 million commenced in the fourth quarter of 2017.

Notional Value (in millions)		Commencement Date		Expiration Date
$225		July 2012		February 2018	(a)
$200		January 2013		February 2018	(a)
$600		August 2015		August 2020
$450		November 2017	(a)	November 2022

_______________

(a) Interest rates swaps with a notional value of $425 million expired February 10, 2018, and interest rate swaps with a notional value of $450 million commenced in the fourth quarter of 2017.

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The fair value of derivative instruments was as follows:

Liability Derivatives				Fair Value
Not Designated as Hedging Instruments		Balance Sheet Location		December 31, 2017				December 31, 2016
Interest rate swap contracts		Other current and non-current liabilities		$	13			$	33

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

Derivative Instruments Not Designated as Hedging Instruments		Location of (Gain) or Loss Recognized for Derivative Instruments		(Gain) or Loss Recognized on Derivatives
				Year Ended December 31,
				2017				2016				2015
Interest rate swap contracts		Interest expense		$	(4	)		$	6			$	20
Foreign exchange contracts		Operating expense		2				(2		)		(2		)

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table summarizes fair value measurements by level at December 31, 2017 for assets and liabilities measured at fair value on a recurring basis:

	Level I				Level II				Level III				Total
Interest rate swaps (included in other current and non-current liabilities)	$	—			$	13			$	—			$	13
Deferred compensation plan assets (included in other non-current assets)	3				—				—				3
Contingent consideration for acquisitions (included in accrued expenses and other current liabilities and non-current liabilities)	—				—				34				34

The following table summarizes fair value measurements by level at December 31, 2016 for assets and liabilities measured at fair value on a recurring basis:

	Level I				Level II				Level III				Total
Interest rate swaps (included in other non-current liabilities)	$	—			$	33			$	—			$	33
Deferred compensation plan assets (included in other non-current assets)	3				—				—				3
Contingent consideration for acquisitions (included in accrued expenses and other current liabilities and non-current liabilities)	—				—				50				50

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

The following table presents changes in Level III financial liabilities measured at fair value on a recurring basis:

		Level III
Fair value of contingent consideration at December 31, 2016		$	50
Additions: contingent consideration related to acquisitions completed during the period		7
Reductions: payments of contingent consideration		(22		)
Changes in fair value (reflected in the Consolidated Statement of Operations)		(1		)
Fair value of contingent consideration at December 31, 2017		$	34

Schedule of Carrying Values and Estimated Fair Values of Debt Instruments

The following table summarizes the principal amount of the Company’s indebtedness compared to the estimated fair value, primarily determined by quoted market values, at:

	December 31, 2017								December 31, 2016
Debt	Principal Amount				Estimated Fair Value (a)				Principal Amount				Estimated Fair Value (a)
Senior Secured Credit Facility:
Revolving Credit Facility	$	70			$	70			$	200			$	200
Term Loan B	1,083				1,085				1,094				1,100
Term Loan A Facility:
Term Loan A	391				393				413				414
Term Loan A-1	342				343				351				351
4.50% Senior Notes	450				457				450				461
5.25% Senior Notes	550				569				550				562
4.875% Senior Notes	500				495				500				483
Securitization obligations	194				194				205				205

_______________

(a) The fair value of the Company's indebtedness is categorized as Level II.

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Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

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Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

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Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

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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).

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