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Derivative Instruments (Tables)
12 Months Ended
Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments Measured at Fair Value in Consolidated Balance Sheet
The fair value of our derivative instruments and the related notional amounts were as follows:
 
 
December 31, 2019
 
 
 
 
Derivative Assets
 
Derivative Liabilities
(In millions)
 
Notional Amount
 
Balance Sheet Caption
 
Fair Value
 
Balance Sheet Caption
 
Fair Value
Derivatives designated as hedges:
 
 
 
 
 
 
 
 
 
 
Cross-currency swap agreements
 
$
1,233

 
Other long-term assets
 
$

 
Other long-term liabilities
 
$
(18
)
Interest rate swap
 
2,003

 
Other current assets
 

 
Other current liabilities
 
(7
)
Derivatives not designated as hedges:
 
 
 
 
 
 
 
 
 
 
Foreign currency option contracts
 
365

 
Other current assets
 
1

 
Other current liabilities
 

Total
 
 
 
 
 
$
1

 
 
 
$
(25
)
 
 
December 31, 2018
 
 
 
 
Derivative Assets
 
Derivative Liabilities
(In millions)
 
Notional Amount
 
Balance Sheet Caption
 
Fair Value
 
Balance Sheet Caption
 
Fair Value
Derivatives designated as hedges:
 
 
 
 
 
 
 
 
 
 
Cross-currency swap agreements
 
$
1,270

 
Other long-term assets
 
$

 
Other long-term liabilities
 
$
(81
)
Derivatives not designated as hedges:
 
 
 
 
 
 
 
 
 
 
Foreign currency option contracts
 
473

 
Other current assets
 
7

 
Other current liabilities
 

Total
 
 
 
 
 
$
7

 
 
 
$
(81
)

Schedule of Gains and Losses Recognized on Consolidated Statements of Operations for Derivative Instruments
The effect of derivative and nonderivative instruments designated as hedges on our Consolidated Statements of Income were as follows:
 
 
Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivative
 
Amount of Gain (Loss) Reclassified from AOCI into Net Income
 
Amount of Gain Recognized in Income on Derivative (Amount Excluded from Effectiveness Testing)
 
 
Years Ended December 31,
(In millions)
 
2019
 
2018
 
2017
 
2019
 
2018
 
2017
 
2019
 
2018
 
2017
Derivatives designated as cash flow hedges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cross-currency swap agreements
 
$
7

 
$
13

 
$
(21
)
 
$
5

 
$
17

 
$
(3
)
 
$
1

 
$
1

 
$

Interest rate swaps
 
5

 

 
2

 

 

 

 

 

 

Derivatives designated as net investment hedges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cross-currency swap agreements
 
55

 
52

 
(100
)
 

 

 

 
10

 
4

 
8

Nonderivatives designated as hedges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency denominated notes
 

 

 
8

 

 

 

 

 

 

Total
 
$
67

 
$
65

 
$
(111
)
 
$
5

 
$
17

 
$
(3
)
 
$
11

 
$
5

 
$
8