Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of gains (loss) on interest rate swap contracts

The following table shows the Gain and Interest expense recognized on our interest rate swap contracts:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Gain recorded in accumulated other comprehensive loss, net of tax	$	24	$	5	$	29	$	14
Interest expense recorded related to interest rate swap contracts	2		5		8		14

Schedule of the 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 interest expense in the consolidated statements of operations:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Total interest expense which reflects the effects of cash flow hedges	$	(68)	$	(120)	$	(254)	$	(360)
Hedged item	(5)		(5)		(12)		(14)
Derivative designated as hedging instrument	3		—		4		—

Fair value of liabilities measured on recurring basis

The following table shows the fair value of our hedges:

		As of
	Balance Sheet Line Item	September 30, 2022		December 31, 2021
Interest rate swaps(1)(2)	Accrued liabilities	$	—	$	3
Interest rate swaps(1)(3)(4)	Other assets	32		—
Cross-currency interest rate swaps(1)(5)	Other assets	—		42
(1) The inputs used to measure the fair value of our interest rate swap contracts were categorized as Level 2 in the fair value hierarchy.
(2) Contracts matured in February 2022.
(3) Contracts mature in April 2027.
(4) Gains of $31 million and $32 million for the three and nine months ended September 30, 2022, respectively, are reflected in Derivative financial instrument unrealized gain (loss) in Other comprehensive income (loss).
(5) Gain of $4 million for the nine months ended September 30, 2022, and gains of $12 million and $25 million for the three and nine months ended September 30, 2021, respectively, are reflected in Foreign currency translation gain (loss) in Other comprehensive income (loss).

Asset Acquisition, Contingent Consideration

The table below reconciles the change in the contingent acquisition consideration liabilities (including deferred purchase price) for the period from December 31, 2021 to September 30, 2022.

	Total		Included in Accrued Liabilities		Included in Other Long-Term Liabilities
Balance as of December 31, 2021	$	51	$	3	$	48
Additions	27
Payments	(3)
Fair value adjustments(1)	12
Balance as of September 30, 2022	$	87	$	37	$	50
(1) Amount included in Restructuring and other (see Note 5).