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Derivative Instruments (Tables)
 12 Months Ended
Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Fair Values of Outstanding Derivative Instruments
The total estimated fair values of these foreign currency forward contracts and amounts receivable or owed associated with closed foreign currency contracts and the total estimated fair value of our cross-currency contracts are as follows:
 
December 31,
 
 
(Dollars in millions)
2016
 
2015
 
Classifications
Derivative assets not designated as hedges:
 
 
 
 
 
Foreign currency forward contracts
$
7

 
$
5

 
Other Current Assets
 
 
 
 
 
 
Derivative liabilities not designated as hedges:
 
 
 
 
 
Foreign currency forward contracts
(14
)
 
(14
)
 
Other Current Liabilities
Warrant on Weatherford Shares
(156
)
 
—

 
Other Non-current Liabilities


The amount of derivative instruments’ gain or (loss) on the Consolidated Statements of Operations is in the table below.
 
 
 
 
 
 
 

 
 
Year Ended December 31,
 
 
(Dollars in millions)
 
 
2016
 
2015
 
2014
 
Classification
Foreign currency forward contracts
 
 
$
(25
)
 
$
(115
)
 
$
(22
)
 
Other Income (Expense), Net
Cross-currency swap contracts
 
 
—

 
13

 
16

 
Other Income (Expense), Net
Warrant on Weatherford Shares
 
 
16

 
—

 
—

 
Other Income (Expense), Net