Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2017

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,
	2017		2016
Derivative Assets
Derivatives designated as hedges:
Foreign exchange contracts	$	2	$	1	Other current assets
Derivatives not designated as hedges:
Foreign exchange contracts	$	35	$	42	Other current assets
	$	37	$	43
Derivative Liabilities
Derivatives designated as hedges:
Foreign exchange contracts	$	7	$	18	Accounts payable and accrued liabilities
Cross currency swap		37		49	Other Liabilities
	$	44	$	67
Derivatives not designated as hedges:
Foreign exchange contracts	$	21	$	59	Accounts payable and accrued liabilities
	$	65	$	126

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
	2017		2016			ConsolidatedStatement  of Income Classification
Derivatives designated as fair value hedges:
Cross currency swap	$	18	$	10		Interest
Derivatives not designated as hedges:
Foreign exchange contracts	$	6	$	(81	)	Cost of services/sales