Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments Measured at Fair Value in Statement of Financial Position

The fair value of our derivative instruments and the related notional amounts were as follows:

	March 31, 2020
			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	$	135	Other current assets	$	—	Other current liabilities	$	(2	)
Cross-currency swap agreements	1,083		Other long-term assets	30		Other long-term liabilities	—
Derivatives not designated as hedges:
Foreign currency option contracts	312		Other current assets	4		Other current liabilities	—
Total				$	34		$	(2	)

	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	)

Schedule of Gains and Losses Recognized on the Balance Sheet for Derivative Instruments

The effect of derivative and nonderivative instruments designated as hedges on our Condensed Consolidated Statements of Income were as follows:

	Amount of Gain (Loss) Recognized in Other Comprehensive Income on Derivatives						Amount of Gain Reclassified from AOCI into Net Income				Amount of Gain Recognized in Income on Derivative (Amount Excluded from Effectiveness Testing)
	Three Months Ended March 31,
(In millions)	2020			2019			2020		2019		2020		2019
Derivatives designated as cash flow hedges:
Cross-currency swap agreements	$	8		$	6		$	3	$	5	$	—	$	—
Interest rate swap	(5		)	(6		)	—		—		—		—
Derivatives designated as net investment hedges:
Cross-currency swap agreements	38			35			—		—		4		2
Total	$	41		$	35		$	3	$	5	$	4	$	2