Financial instruments and fair value disclosures (Tables)

3 Months Ended

Mar. 31, 2019

Financial instruments and fair value disclosures

Summary of financial instruments measured at fair value in the accompanying consolidated balance sheets

	Recurring Fair Value Measurements of as of March 31, 2019
	Level 1		Level 2		Level 3		Total
Assets
Short-term investments	$	3	$	—	$	—	$	3
Derivative financial instruments
Foreign exchange forward contracts & embedded derivatives		—		4		—		4
	$	3	$	4	$	—	$	7
Liabilities
Derivative financial instruments
Foreign exchange forward contracts & embedded derivatives	$	—	$	3	$	—	$	3
Interest rate swaps		—		9		—		9
	$	—	$	12	$	—	$	12

	Recurring Fair Value Measurements of as of December 31, 2018
	Level 1		Level 2		Level 3		Total
Assets
Short-term investments	$	3	$	—	$	—	$	3
Derivative financial instruments
Foreign exchange forward contracts & embedded derivatives		—		5		—		5
	$	3	$	5	$	—	$	8
Liabilities
Derivative financial instruments
Foreign exchange forward contracts & embedded derivatives		—		8		—		8
Interest rate swaps		—		4		—		4
	$	—	$	12	$	—	$	12

Summary of financial instruments recorded at carrying value in the accompanying consolidated balance sheets

	As of March 31, 2019
	Carrying value		Fair value		Fair value hierarchy
Long-term debt, excluding finance leases and other	$	3,181	$	3,083	Level 2
Orbital receivables		434		434	Level 2

	As of December 31, 2018
	Carrying value		Fair value		Fair value hierarchy
Long-term debt, excluding finance leases and other	$	3,034	$	2,925	Level 2
Orbital receivables		441		441	Level 2