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Derivatives and Hedging Instruments (Tables)
6 Months Ended
Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule Location and Amounts of Derivative Fair Values in the Condensed Consolidated Balance Sheets
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
 
June 30, 2019
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
 
$
89

 
$
3

 
Other current liabilities
 
$

 
$

Total derivatives designated as hedging instruments
 
 
 
 
$
3

 
 
 
 
 
$

Derivatives not designated as hedging instruments
 
 
 
 
 
 
 
 
 
 
 
Foreign exchange contracts
Other current assets
 
$
154

 
$

 
Other current liabilities
 
$
280

 
$
1

Total derivatives not designated as hedging instruments
 
 
 
 
$

 
 
 
 
 
$
1

Total derivatives
 
 
 
 
$
3

 
 
 
 
 
$
1

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fair Values of Derivative Instruments
 
December 31, 2018
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
 
$
169

 
$
4

 
Other current liabilities
 
$

 
$

Total derivatives designated as hedging instruments
 
 
 
 
$
4

 
 
 
 
 
$

Derivatives not designated as hedging instruments
 
 
 
 
 
 
 
 
 
 
 
Foreign exchange contracts
Other current assets
 
$
219

 
$
1

 
Other current liabilities
 
$
157

 
$
1

Total derivatives not designated as hedging instruments
 
 
 
 
$
1

 
 
 
 
 
$
1

Total derivatives
 
 
 
 
$
5

 
 
 
 
 
$
1


Schedule Effects of Derivative Instruments on the Condensed Consolidated Statements of Operations and Condensed Consolidated Statements of Comprehensive Income
The effects of derivative instruments on the Condensed Consolidated Statements of Operations and Condensed Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2019 and 2018 were as follows:
In millions
Amount of Gain (Loss) Recognized in Other Comprehensive Income (OCI) on Derivative
 
 
 
Amount of (Gain) Loss Reclassified from AOCI into the Condensed Consolidated Statement of Operations
Derivatives in Cash Flow Hedging Relationships
For the three months ended June 30, 2019
 
For the three months ended June 30, 2018
 
Location of (Gain) Loss Reclassified from AOCI into the Condensed Consolidated Statement of Operations
 
For the three months ended June 30, 2019
 
For the three months ended June 30, 2018
Foreign exchange contracts
$

 
$
9

 
Cost of products
 
$
(2
)
 
$
(1
)

In millions
Amount of Gain (Loss) Recognized in Other Comprehensive Income (OCI) on Derivative
 
 
 
Amount of (Gain) Loss Reclassified from AOCI into the Condensed Consolidated Statement of Operations
Derivatives in Cash Flow Hedging Relationships
For the six months ended June 30, 2019
 
For the six months ended June 30, 2018
 
Location of (Gain) Loss Reclassified from AOCI into the Condensed Consolidated Statement of Operations
 
For the six months ended June 30, 2019
 
For the six months ended June 30, 2018
Foreign exchange contracts
$
1

 
$
4

 
Cost of products
 
$
(3
)
 
$




In millions
 
 
Amount of Gain (Loss) Recognized in the Condensed Consolidated Statement of Operations

 
 
 
Three months ended June 30
Six months ended June 30
Derivatives not Designated as Hedging Instruments
Location of Gain (Loss) Recognized in the Condensed Consolidated Statement of Operations
 
2019
 
2018
2019
 
2018
Foreign exchange contracts
Other (expense), net
 
$
(3
)
 
$
(3
)
$
(8
)
 
$
(3
)