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Derivative Instruments and Hedging Activities (Tables)
3 Months Ended
Mar. 31, 2021
Derivative Instruments And Hedging Activities Disclosure [Abstract]  
Effect of Derivative Instruments Designated as Cash Flow Hedges and Not Designated as Hedges on Consolidated Statement of (Loss) Income

The effect of derivative instruments designated as cash flow hedges, and those not designated as hedges, on the Consolidated Statement of Income (Loss) was as follows:

 

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gain (Loss) Recognized in Income (loss)

 

 

 

 

Three Months

 

 

 

 

2021

 

 

2020

 

 

Consolidated Statement of Loss Classification

Derivatives designated as cash flow hedges:

 

 

 

 

 

 

 

 

 

Cross currency swaps

$

(216

)

 

$

58

 

 

Cost of services/sales

Foreign exchange contracts

 

2

 

 

 

(1

)

 

Cost of services/sales

 

$

(214

)

 

$

57

 

 

 

Derivatives not designated as hedges:

 

 

 

 

 

 

 

 

 

Foreign exchange contracts

$

6

 

 

$

(9

)

 

Cost of services/sales