Derivative Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2016

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Effect of derivative financial instruments

The table below presents the effect of our derivative financial instruments on the Consolidated Income Statements and Consolidated Statements of Comprehensive Income.

	Year Ended December 31,
(in millions)	2016			2015			2014
Derivatives in Cash Flow Hedges
Foreign Exchange Contracts
Amount of (loss) gain recognized in OCI (a)	$	—		$	(5	)	$	(22	)
Amount of (gain) loss reclassified from OCI into revenue (a)	(2		)	19			5
Amount of loss reclassified from OCI into cost of revenue (a)	—			1			1
Derivatives in Net Investment Hedges
Cross Currency Swaps
Amount of gain (loss) recognized in OCI (a)	$	19		$	(17	)	$	—
Foreign Currency Denominated Debt
Amount of gain recognized in OCI (a)	$	28		$	—		$	—
Forward Contracts
Amount of gain recognized in OCI (a)	$	9		$	—		$	—

(a)

Effective portion

Schedule of Foreign Exchange Contracts, Statement of Financial Position

The fair values of our derivative contracts currently included in our hedging program were as follows:

	December 31,
(in millions)	2016			2015
Derivatives designated as hedging instruments
Assets
Cash Flow Hedges
Other current assets	$	—		$	2
Liabilities
Net Investment Hedges
Other non-current liabilities	(6		)	(18		)

The fair value of our long-term debt, due in 2023, designated as a net investment hedge was $555 million as of December 31, 2016.