Derivative Instruments (Tables)

12 Months Ended

Dec. 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of 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 hedges as of December 31, 2021 and December 31, 2020:

(in millions)		December 31,		December 31,
Balance Sheet Location		2021		2020
Derivatives designated as cash flow hedges:
Prepaid and other current assets	Foreign exchange forward contracts	$	7	$	23
Other current liabilities	Foreign exchange forward contracts	$	—	$	2
Other non-current liabilities	Interest rate swap contracts	$	270	$	—
Derivative designated as net investment hedges:
Other non-current liabilities	Cross currency swaps	$	17	$	107

Schedule 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 hedges for the years ended December 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)
	2021		2020		2019			2021		2020		2019
Cash flow hedges - designated as hedging instruments
Foreign exchange forward contracts	$	(11)	$	17	$	(2)	Revenue, Selling and general expenses	$	19	$	2	$	5
Interest rate swap contracts	$	(270)	$	—	$	—	Interest expense, net	$	—	$	—	$	—
Net investment hedges- designated as hedging instruments
Cross currency swaps	$	84	$	(97)	$	(10)	Interest expense, net	$	(5)	$	—	$	—

Schedule of Cash Flow Hedges included in AOCI

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

(in millions)	Year ended December 31,
	2021		2020		2019
Cash Flow Hedges
Foreign exchange forward contracts
Net unrealized gains on cash flow hedges, net of taxes, beginning of period	$	14	$	2	$	4
Change in fair value, net of tax	11		14		3
Reclassification into earnings, net of tax	(19)		(2)		(5)
Net unrealized gains on cash flow hedges, net of taxes, end of period	$	6	$	14	$	2
Interest rate swap contracts
Net unrealized losses on cash flow hedges, net of taxes, beginning of period	$	—	$	—	$	—
Change in fair value, net of tax	(203)		—		—
Reclassification into earnings, net of tax	—		—		—
Net unrealized losses on cash flow hedges, net of taxes, end of period	$	(203)	$	—	$	—
Net Investment Hedges
Net unrealized losses on net investment hedges, net of taxes, beginning of period	$	(81)	$	(8)	$	—
Change in fair value, net of tax	59		(73)		(8)
Reclassification into earnings, net of tax	5		—		—
Net unrealized losses on net investment hedges, net of taxes, end of period	$	(17)	$	(81)	$	(8)