Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2020

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 and net investment hedge as of March 31, 2020 and December 31, 2019:

(in millions)		March 31,		December 31,
Balance Sheet Location		2020		2019
Derivatives designated as cash flow hedges:
Prepaid and other current assets	Foreign exchange forward contracts	$	—	$	1
Other current liabilities	Foreign exchange forward contracts	$	8	$	—
Derivative designated as a net investment hedge:
Other non-current assets	Cross currency swap	$	22	$	—
Other non-current liabilities	Cross currency swap	$	—	$	10

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 and net investment hedge for the three months ended March 31:

(in millions)	Gain (Loss) recognized in Accumulated Other Comprehensive Loss (effective portion)				Location of Gain (Loss) reclassified from Accumulated Other Comprehensive Loss into Income (effective portion)	Gain (Loss) reclassified from Accumulated Other Comprehensive Loss into Income (effective portion)
	2020		2019			2020		2019
Cash flow hedges - designated as hedging instruments
Foreign exchange forward contracts	$	(7)	$	4	Revenue, Selling and general expenses	$	(2)	$	2
Net investment hedge - designated as hedging instruments
Cross currency swap	$	32	$	—		$	—	$	—

Schedule of 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)	Three Months
	2020		2019
Cash Flow Hedges
Net unrealized gains (losses) on cash flow hedges, net of taxes, beginning of period	$	2	$	3
Change in fair value, net of tax	(9)		6
Reclassification into earnings, net of tax	2		(2)
Net unrealized (losses) gains on cash flow hedges, net of taxes, end of period	$	(5)	$	7
Net Investment Hedge
Net unrealized (losses) gains on net investment hedge, net of taxes, beginning of period	$	(8)	$	—
Change in fair value, net of tax	24		—
Reclassification into earnings, net of tax	—		—
Net unrealized gains (losses) on net investment hedges, net of taxes, end of period	$	16	$	—