FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

The Company maintains various fixed-to-variable interest rate swap agreements to convert a portion of the Company's long-term debt into variable interest rate debt. A summary of the notional amounts of these interest rate swap agreements as of December 31, 2019 and 2018 was as follows:

	Notional Amount
Debt Instrument	2019		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 December 31, 2019 and 2018, the following amounts were recorded on the consolidated balance sheets 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	December 31, 2019		December 31, 2019			December 31, 2018		December 31, 2018
Long-term debt	$	1,186	$	(3	)	$	1,125	$	(53	)

(a) The balance includes $25 million and $40 million of remaining unamortized hedging adjustment on a discontinued relationship as of December 31, 2019 and 2018, respectively.

Schedule of Fair Value Hedging Instruments and Hedged Item, Statement of Financial Performance, Location

The following table presents the effect of fair value hedge accounting on the consolidated statements of operations for the years ended December 31, 2019, 2018 and 2017, respectively:

	Year Ended December 31,
	2019			2018			2017
	Other income (expense), net			Other income (expense), net			Other income (expense), net
Total for line item in which the effects of fair value hedges are recorded	$	20		$	(8	)	$	16
Gain (loss) on fair value hedging relationships:
Hedged items (Long-term debt)	$	(65	)	$	4		$	1
Derivatives designated as hedging instruments	$	65		$	(4	)	$	(1	)

Schedule of The Fair Values of Derivative Instruments

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

	December 31, 2019			December 31, 2018
	Balance Sheet Classification	Fair Value		Balance Sheet Classification	Fair Value
Derivatives Designated as Hedging Instruments
Fix-to-variable interest rate swap agreements	Other liabilities	$	28	Other liabilities	$	93