Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2021

Fair Value Disclosures [Abstract]

Schedule of losses (gains) on interest rate swaps

The following table shows the gains (losses) and interest expense on our interest rate swap contracts:

	Year Ended December 31,
	2021		2020		2019
Gains (losses) recorded in accumulated other comprehensive income (loss), net of tax	$	14	$	(6)	$	(11)
Interest expense recorded related to interest rate swap contracts	19		15		1

Schedule of Effect of Interest Rate Swap Contracts Designated as Cash Flow Hedges

The following table shows the effect of interest rate swap contracts designated as cash flow hedges on the consolidated statements of operations:

	Year Ended December 31, 2021		Year Ended December 31, 2020
	Interest expense		Interest expense
Total interest expense which reflects the effects of cash flow hedges	$	(478)	$	(503)
Hedged item	(20)		(20)
Derivative designated as hedging instrument	1		5

Schedule of fair value hedges

The following table shows the fair value of our hedges:

		As of
	Balance Sheet Line Item	December 31, 2021		December 31, 2020
Interest rate swaps(1)(3)	Other liabilities	$	3	$	22
Cross-currency interest rate swaps(2)(3)	Other assets	42		14
(1) The gain of $19 million, losses of $6 million and $16 million for the years ended December 31, 2021, 2020 and 2019, respectively, are reflected in Derivative financial instrument unrealized (loss) gain in Other comprehensive income (loss).
(2) The gain of $28 million, loss of $27 million and gain of $23 million for the years ended December 31, 2021, 2020 and 2019, respectively, is reflected in Foreign currency translation gain (loss) in Other comprehensive income (loss).
(3) The inputs used to measure the fair value of our interest rate swap contracts are categorized as Level 2 in the fair value hierarchy.