Derivatives and Hedging Instruments (Tables)

3 Months Ended

Mar. 31, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

The following tables provide information on the location and amounts of derivative fair values in the Condensed Consolidated Balance Sheets:



	Fair Values of Derivative Instruments
	March 31, 2017
In millions	Balance Sheet Location	Notional Amount		Fair Value		Balance Sheet Location	Notional Amount		Fair Value
Derivatives designated as hedging instruments
Foreign exchange contracts	Other current assets	$	224	$	11	Other current liabilities	$	36	$	—
Total derivatives designated as hedging instruments				$	11				$	—
Derivatives not designated as hedging instruments
Foreign exchange contracts	Other current assets	$	139	$	1	Other current liabilities	$	189	$	1
Total derivatives not designated as hedging instruments				1					1
Total derivatives				$	12				$	1

	Fair Values of Derivative Instruments
	December 31, 2016
In millions	Balance Sheet Location	Notional Amount		Fair Value		Balance Sheet Location	Notional Amount		Fair Value
Derivatives designated as hedging instruments
Foreign exchange contracts	Other current assets	$	251	$	18	Other current liabilities	$	56	$	1
Total derivatives designated as hedging instruments				$	18				$	1
Derivatives not designated as hedging instruments
Foreign exchange contracts	Other current assets	$	165	$	1	Other current liabilities	$	218	$	1
Total derivatives not designated as hedging instruments				1					1
Total derivatives				$	19				$	2

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance

The effects of derivative instruments on the Condensed Consolidated Statements of Operations and Condensed Consolidated Statements of Comprehensive Income for the three months ended March 31, 2017 and 2016 were as follows:



In millions	Amount of Gain (Loss) Recognized in Other Comprehensive Income (OCI) on Derivative (Effective Portion)							Amount of (Gain) Loss Reclassified from AOCI into the Condensed Consolidated Statement of Operations (Effective Portion)						Amount of (Gain) Loss Recognized in the Condensed Consolidated Statement of Operations (Ineffective Portion and Amount Excluded from Effectiveness Testing)
Derivatives in Cash Flow Hedging Relationships	For the three months ended March 31, 2017			For the three months ended March 31, 2016			Location of (Gain) Loss Reclassified from AOCI into the Condensed Consolidated Statement of Operations (Effective Portion)	For the three months ended March 31, 2017			For the three months ended March 31, 2016		Location of (Gain) Loss Recognized in the Condensed Consolidated Statement of Operations (Ineffective Portion and Amount Excluded from Effectiveness Testing)	For the three months ended March 31, 2017		For the three months ended March 31, 2016
Interest rate swap ⁽¹⁾	$	—		$	—		Interest expense	$	—		$	1	Interest expense	$	—	$	—
Foreign exchange contracts	$	(4	)	$	(2	)	Cost of products	$	(2	)	$	—	Other (expense), net	$	—	$	—

⁽¹⁾ The Company was party to an interest rate swap agreement that fixed the interest rate on a portion of the Company's LIBOR indexed floating rate borrowings under its Senior Secured Credit Facility through August 22, 2016.



In millions		Amount of Gain (Loss) Recognized in the Condensed Consolidated Statement of Operations
		Three months ended March 31
Derivatives not Designated as Hedging Instruments	Location of Gain (Loss) Recognized in the Condensed Consolidated Statement of Operations	2017			2016
Foreign exchange contracts	Other (expense), net	$	(2	)	$	2