DERIVATIVES AND HEDGING ACTIVITIES Derivative (Tables)

12 Months Ended

Dec. 31, 2019

Derivative Instruments, Gain (Loss) [Table Text Block]

The pre-tax effect of the derivative financial instruments in the consolidated statement of operations and consolidated statement of comprehensive income for the year ended December 31, 2019 is as follows:



Year Ended December 31, 2019	Gain (Loss) Recognized in OCI			Gain (Loss) Reclassified from OCI into Income

	(in millions)
Derivatives designated as cash flow hedges:
Foreign currency derivatives	$	12		$	7
Interest rate swaps	(9		)	(1		)
Derivatives designated as net investment hedges:
Cross-currency swaps	25			—
Total	$	28		$	6

				Gain Recognized in Income

				(in millions)
Derivatives not designated				$	3
Total				$	3

Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]

As of December 31, 2019, the Company had the following outstanding notional amounts related to foreign currency forward contracts designated as cash flow hedges that were entered into to hedge forecasted exposures:



Foreign Currency	Quantity Hedged	Unit of Measure	Notional Amount (USD Equivalent)
	(in millions)
Chinese Yuan	743	RMB	110
Euro	63	EUR	70
Mexican Peso	1,057	MXN	60
Polish Zloty	168	PLN	40
Singapore Dollar	37	SGD	30
Turkish Lira	72	TRY	10
British Pound	5	GBP	10

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The following table includes the fair value of derivative financial instruments recorded in the consolidated balance sheets as of December 31, 2019 and December 31, 2018:



	Asset Derivatives					Liability Derivatives
	Balance Sheet Location*	December 31, 2019		December 31, 2018		Balance Sheet Location*	December 31, 2019		December 31, 2018

	(in millions)
Designated as cash flow hedges:
Foreign currency derivatives*	Other current assets	$	6	$	5	Other current assets	$	—	$	1
Foreign currency derivatives*	Other long-term assets	2				Other long-term assets	—		—
Interest rate swaps	Other long term liabilities	—		—		Other long-term liabilities	—		3
Interest rate swaps	Other long-term assets	—		—		Other long-term assets	11		—

Designated as net investment hedges:
Cross-currency swaps	Other long term liabilities	—		—		Other long-term liabilities	—		3
Cross-currency swaps	Other long-term assets	22		—		Other long-term assets	—		—
Total designated as hedges		$	30	$	5		$	11	$	7

Derivatives not designated as hedges:
Foreign currency derivatives	Other current assets	$	3	$	—	Other current assets	$	1	$	—
Total not designated as hedges		$	3	$	—		$	1	$	—

* Derivative instruments are subject to master netting arrangements and are presented on a net basis in the consolidated balance sheets in accordance with accounting guidance related to the offsetting of amounts related to certain contracts.