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Derivative Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Outstanding foreign currency derivatives used to hedge foreign exchange risks
Listed in the table below are the outstanding foreign currency derivatives that were used to hedge foreign exchange risks as of March 31, 2014.
(in millions; except number of instruments)
 
 
 
 
Foreign Currency Derivative
 
Number of
Instruments
 
Total Notional
Sold
 
Sell Notional Currency
 
Total Notional
Purchased
 
Buy Notional
Currency
Buy HUF/Sell EUR forward
 
8

 
8

 
Euro (EUR)
 
2,410

 
Hungarian Forint (HUF)
Buy PLN/ Sell EUR forward
 
16

 
19

 
Euro (EUR)
 
78

 
Polish Zloty (PLN)
Buy SEK/Sell EUR forward
 
8

 
100

 
Euro (EUR)
 
903

 
Swedish Krona (SEK)
Sell AUD/Buy EUR Forward
 
16

 
20

 
Australian Dollar (AUD)
 
13

 
Euro (EUR)
Sell AUD/Buy USD Forward
 
7

 
6

 
Australian Dollar (AUD)
 
6

 
United States Dollar (USD)
Sell GBP/Buy EUR forward
 
21

 
33

 
British Pound Sterling (GBP)
 
40

 
Euro (EUR)
Sell USD/Buy EUR Forward
 
36

 
105

 
United States Dollar (USD)
 
76

 
Euro (EUR)
Effect of derivative financial instruments
The table below presents the effect of our derivative financial instruments on the Condensed Consolidated Income Statements and Statements of Comprehensive Income. 
 
Three Months Ended
 
March 31,
(in millions)
2014
 
2013
Derivatives in Cash Flow Hedges
 
 
 
Foreign Exchange Contracts
 
 
 
Amount of gain (loss) recognized in Other Comprehensive Income (a)
$
(1
)
 
$
(2
)
Amount of (gain) loss reclassified from Other Comprehensive Income into revenue (a)
(1
)
 
(1
)
Amount of (gain) loss reclassified from Other Comprehensive Income into cost of revenue (a)
1

 

(a)
Effective portion
Fair values of foreign exchange contracts
The fair values of our foreign exchange contracts currently included in our hedging program were as follows:
(in millions)
March 31,
2014
 
December 31,
2013
Derivatives designated as hedging instruments
 
 
 
Assets
 
 
 
Other current assets
$
1

 
$
1

Liabilities
 
 
 
Other current liabilities
(1
)