FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

A summary of the notional amounts of these interest rate swaps as of March 31, 2019 and December 31, 2018 was as follows:

	Notional Amount
Debt Instrument	March 31, 2019		December 31, 2018
4.25% Senior Notes due April 2024	$	250	$	250
3.50% Senior Notes due March 2025	600		600
3.45% Senior Notes due June 2026	350		350
	$	1,200	$	1,200

Schedule of Debt Instrument Fair Value Basis Adjustment Attributable to Hedged Debt

As of March 31, 2019 and December 31, 2018, the following amounts were recorded on the consolidated balance sheet related to cumulative basis adjustments for fair value hedges included in the carrying amount of long-term debt:

	Carrying Amount of Hedged Long-Term Debt		Hedge Accounting Basis Adjustment (a)			Carrying Amount of Hedged Long-Term Debt		Hedge Accounting Basis Adjustment (a)
Balance Sheet Classification	March 31, 2019		March 31, 2019			December 31, 2018		December 31, 2018
Long-term debt	$	1,140	$	(40	)	$	1,125	$	(53	)

(a) The balance includes $37 million and $40 million of remaining unamortized hedging adjustment on a discontinued relationship as of March 31, 2019 and December 31, 2018, respectively.

Schedule of Fair Value Hedge Accounting on the Statement of Operations

The following table presents the effect of fair value hedge accounting on the statement of operations for the three months ended March 31, 2019 and 2018:

	Three Months Ended March 31,
	2019			2018
	Other income (expense), net			Other income (expense), net
Total for line item in which the effects of fair value hedges are recorded	$	9		$	(2	)
Gain (loss) on fair value hedging relationships:
Hedged items (Long-term debt)	$	(16	)	$	25
Derivatives designated as hedging instruments	$	16		$	(25	)

Schedule of Derivative Liabilities at Fair Value

A summary of the fair values of derivative instruments in the consolidated balance sheets was as follows:

	March 31, 2019			December 31, 2018
Derivatives Designated as Hedging Instruments	Balance Sheet Classification	Fair Value		Balance Sheet Classification	Fair Value
Interest rate swaps	Other liabilities	$	77	Other liabilities	$	93