Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of the location and fair value amounts of cash flow hedges

The following table provides information on the location and fair value amounts of our cash flow hedges as of March 31, 2017 and December 31, 2016:

(in millions) Balance Sheet Location		March 31, 2017		December 31, 2016
Prepaid and other current assets 1	Foreign exchange forward contracts	$	9	$	3

¹  Foreign currency forward contracts are recorded at fair value that is based on foreign currency exchange rates in active markets; therefore we classify these derivative contracts as Level 2.

Schedule of the location and amounts of pre-tax gains (losses) on cash flow hedges

The following table provides information on the location and amounts of pre-tax gains (losses) on our cash flow hedges for the three months ended March 31:

(in millions)	Gain (Loss) Recognized in Accumulated Other Comprehensive Loss (effective portion)				Location of Gain Reclassified from Accumulated Other Comprehensive Loss into Income (effective portion)	Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income (effective portion)
Cash flow hedges - designated as hedging instruments	2017		2016			2017		2016
Foreign exchange forward contracts	$	5	$	3	Selling and general expenses	$	1	$	1

Change in unrealized gains (losses) in accumulated other comprehensive loss

The activity related to the change in unrealized gains (losses) in accumulated other comprehensive loss was as follows for the three months ended March 31:

(in millions)	2017			2016
Net unrealized gains (losses) on cash flow hedges, net of taxes, beginning of period	$	2		$	(1	)
Change in fair value, net of tax	6			4
Reclassification into earnings, net of tax	(1		)	(1		)
Net unrealized gains on cash flow hedges, net of taxes, end of period	$	7		$	2