Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2015

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Fair Values of Outstanding Derivative Instruments

The fair values of outstanding derivative instruments were as follows:

	(Stated in millions)
	Fair Value of Derivatives				Consolidated Balance Sheet Classification
	Mar. 31,		Dec. 31,
	2015		2014
Derivative Assets
Derivatives designated as hedges:
Foreign exchange contracts	$	3	$	3	Other current assets
Foreign exchange contracts		34		32	Other Assets
	$	37	$	35
Derivatives not designated as hedges:
Foreign exchange contracts	$	22	$	5	Other current assets
	$	59	$	40
Derivative Liabilities
Derivatives designated as hedges:
Foreign exchange contracts	$	115	$	80	Accounts payable and accrued liabilities
Foreign exchange contracts		138		105	Other Liabilities
Cross currency swap		60		42	Other Liabilities
	$	313	$	227
Derivatives not designated as hedges:
Foreign exchange contracts	$	43	$	28	Accounts payable and accrued liabilities
	$	356	$	255

Effect of Derivative Instruments Designated as Fair Value Hedges and Not Designated as Hedges on Consolidated Statement of Income

The effect of derivative instruments designated as fair value hedges and those not designated as hedges on the Consolidated Statement of Income was as follows:

		(Stated in millions)
	Gain (Loss) Recognized in Income
	First Quarter
		2015			2014		Consolidated Statement of Income Classification
Derivatives designated as fair value hedges:
Cross currency swap	$	(70	)	$	(1	)	Interest expense
Derivatives not designated as hedges:
Foreign exchange contracts	$	(118	)	$	13		Cost of revenue