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Derivative Instruments and Hedging Activities (Tables)
9 Months Ended
Sep. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value of Derivative Instruments
The Company’s fair value measurements of its derivative instruments and the related location of the assets and liabilities within the consolidated condensed balance sheets at September 30, 2019 and December 31, 2018 were ($ in millions):
 
 
Assets (Liabilities) at Fair Value
Balance Sheet Classification
 
September 30,
2019
 
December 31, 2018
Fair value of derivative instruments - other current assets
 
$
3

 
$
11

Fair value of derivative instruments - other noncurrent assets
 
2

 
15

Total derivative contracts – assets
 
$
5

 
$
26

Fair value of derivative instruments – other current liabilities
 
$
(8
)
 
$
(3
)
Fair value of derivative instruments – other noncurrent liabilities
 
(3
)
 

Total derivative contracts – liabilities
 
$
(11
)
 
$
(3
)

Schedule of Location of Hedging Activities
The Company’s hedging activities for the quarters and nine months ended September 30, 2019 and 2018 and the related location within the consolidated condensed statements of operations were ($ in millions):
Income Statement Classification
 
Amount of (Loss) Gain Recognized
in Consolidated Condensed Statements of Operations
 
Quarter Ended
September 30,
 
Nine Months Ended
September 30,
 
2019
 
2018
 
2019
 
2018
Interest expense – interest rate caps
 
$
(1
)
 
$
2

 
$
(7
)
 
$
9

Interest expense – interest rate swaps
 
(1
)
 
1

 
(7
)
 
8

Cost of product sales – commodity swaps
 
(6
)
 
2

 
(11
)
 
3

Total
 
$
(8
)
 
$
5

 
$
(25
)
 
$
20