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Derivative Instruments (Tables)
 6 Months Ended
Jun. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of fair value of outstanding derivative instruments The fair values of our outstanding derivative instruments as of June 30, 2018 and December 31, 2017 were as follows (in millions):
 
Balance Sheet Location
 
June 30,
2018
 
December 31,
2017
Derivative Assets:
 
 
 
 
 
Foreign exchange contracts designated as cash flow hedges
Other Current Assets
 
$
87

 
$
16

Foreign exchange contracts designated as net investment hedges
Other Current Assets
 
11

 
—

Foreign exchange contracts not designated as hedging instruments
Other Current Assets
 
52

 
10

Warrant
Other Assets
 
150

 
—

Interest rate contracts designated as fair value hedges
Other Assets
 
—

 
2

Total derivative assets
 
 
$
300

 
$
28

 
 
 
 
 
 
Derivative Liabilities:
 
 
 
 
 
Foreign exchange contracts designated as cash flow hedges
Other Current Liabilities
 
$
—

 
$
18

Foreign exchange contracts not designated as hedging instruments
Other Current Liabilities
 
45

 
11

Interest rate contracts designated as fair value hedges
Other Liabilities
 
37

 
—

Total derivative liabilities
 
 
$
82

 
$
29

 
 
 
 
 
 
Total fair value of derivative instruments
 
 
$
218

 
$
(1
)
Impact of derivative contracts on accumulated other comprehensive income The following tables present the activity of derivative contracts that qualify for hedge accounting as of June 30, 2018 and December 31, 2017, and the impact of these derivative contracts on AOCI for the six months ended June 30, 2018 and 2017 (in millions): 
 
December 31, 2017
 
Amount of Gain (Loss)
Recognized in Other
Comprehensive 
Income
 
Amount of Gain (Loss)
Reclassified From
AOCI to Earnings
 
June 30, 2018
Foreign exchange contracts designated as cash flow hedges
$
(57
)
 
$
59

 
$
(49
)
 
$
51


 
December 31, 2016
 
Amount of Gain (Loss)
Recognized in Other
Comprehensive 
Income
 
Amount of Gain (Loss)
Reclassified From
AOCI to Earnings
 
June 30, 2017
Foreign exchange contracts designated as cash flow hedges
$
54

 
$
(63
)
 
$
35

 
$
(44
)
Recognized gains or losses related to derivative instruments The following table provides a summary of the total gain (loss) recognized in the condensed consolidated statement of income from our foreign exchange derivative contracts by location (in millions): 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2018

2017
 
2018
 
2017
Foreign exchange contracts designated as cash flow hedges recognized in net revenues
$
(21
)
 
$
—

 
$
(49
)
 
$
—

Foreign exchange contracts designated as cash flow hedges recognized in cost of net revenues and operating expenses
—

 
4

 
—

 
11

Foreign exchange contracts designated as cash flow hedges recognized in interest and other, net
—

 
11

 
—

 
24

Foreign exchange contracts not designated as hedging instruments recognized in interest and other, net
4

 
(4
)
 
2

 
(8
)
Total gain (loss) recognized from foreign exchange derivative contracts in the condensed consolidated statement of income
$
(17
)
 
$
11

 
$
(47
)
 
$
27


The following table provides a summary of the total gain (loss) recognized in the condensed consolidated statement of income from our interest rate derivative contracts by location (in millions): 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2018
 
2017
 
2018
 
2017
Gain (loss) from interest rate contracts designated as fair value hedges recognized in interest and other, net
$
(9
)
 
$
8

 
$
(39
)
 
$
1

Gain (loss) from hedged items attributable to hedged risk recognized in interest and other, net
9

 
(8
)
 
39

 
(1
)
Total gain (loss) recognized from interest rate derivative contracts in the condensed consolidated statement of income
$
—

 
$
—

 
$
—

 
$
—
Notional amounts of outstanding derivatives The following table provides the notional amounts of our outstanding derivatives as of June 30, 2018 and December 31, 2017 (in millions):
 
June 30,
2018
 
December 31,
2017
Foreign exchange contracts designated as cash flow hedges
$
1,936

 
$
1,990

Foreign exchange contracts designated as net investment hedges
210

 
—

Foreign exchange contracts not designated as hedging instruments
3,542

 
2,349

Interest rate contracts designated as fair value hedges
2,400

 
2,400

Total
$
8,088

 
$
6,739