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Derivative Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2017
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value of Derivative Instruments

The table below provides data about the fair value of the derivative instruments that are recorded in the consolidated balance sheets (in millions):

 

 

 

June 30, 2017

 

 

December 31, 2016

 

 

 

Assets

 

 

Liabilities

 

 

Assets

 

 

Liabilities

 

Derivatives not designated as hedging instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign exchange forward contracts(1)

 

$

 

 

$

 

 

$

1

 

 

$

 

 

 

(1)

Included in other current liabilities and other current assets in the consolidated balance sheets. The total notional amount of the forward foreign exchange contracts was approximately $38 million and $76 million at June 30, 2017 and December 31, 2016, respectively.

 

Schedule of Gains (Losses) Recognized

The table below provides the gains (losses) recognized in other income in the accompanying consolidated statements of operations related to the Company’s derivative instruments (in millions):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2017

 

 

2016

 

  

2017

 

 

2016

 

Derivatives not designated as hedging instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign exchange forward contracts

 

$

 

 

$

4

 

 

$

1

 

 

$

10