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ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)
 3 Months Ended
Mar. 31, 2020
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Balances for each classification of accumulated other comprehensive income (loss)
The tables below present the changes in the balances of accumulated other comprehensive loss ("AOCl") by component for the three months ended March 31, 2020 and 2019 (in millions): 
 
 
Foreign currency translation adjustments, net of tax
 
Net unrealized (losses) gains on available-for-sale securities, net of tax
 
Total AOCI, net of tax

 
Foreign currency translation
 
Net Investment
Hedges (1)
 
Total, net of tax
 
Before tax
 
Tax (expense) benefit
 
Total, net of tax
 
 
Before tax
 
Tax benefit(2)
 
Before tax
 
Tax expense
 
 
 
Balance, December 31, 2019
 
$
(186
)
 
$
54

 
$
(2
)
 
$
(5
)
 
(139
)
 
$
(7
)
 
$
(45
)
 
(52
)
 
(191
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Comprehensive (Loss) Income
  ("OCI") before
  reclassifications
 
(128
)
 
4

 
62

 
(15
)
 
(77
)
 
(94
)
 
17

 
(77
)
 
(154
)
Amounts reclassified to
net income (3)
 
—

 
—

 
—

 
—

 
—

 
4

 
(1
)
 
3

 
3

OCI for the period
 
(128
)
 
4

 
62

 
(15
)
 
(77
)
 
(90
)
 
16

 
(74
)
 
(151
)
Balance, March 31, 2020
 
$
(314
)
 
$
58

 
$
60

 
$
(20
)
 
$
(216
)
 
$
(97
)
 
$
(29
)
 
$
(126
)
 
$
(342
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Foreign currency translation adjustments, net of tax
 
Net unrealized (losses) gains on available-for-sale securities, net of tax
 
Total AOCI, net of tax

 
Foreign currency translation
 
Net Investment
Hedges (1)
 
Total, net of tax
 
Before tax
 
Tax expense
 
Total, net of tax
 
 
Before tax
 
Tax benefit(2)
 
Before tax
 
Tax benefit (expense)
 
 
 
Balance, December 31, 2018
 
$
(109
)
 
$
41

 
$
(73
)
 
$
12

 
(129
)
 
$
(157
)
 
$
(30
)
 
(187
)
 
(316
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
OCI before reclassifications
 
(80
)
 
11

 
76

 
(19
)
 
(12
)
 
211

 
(51
)
 
160

 
148

Amounts reclassified to
  net income (3)
 
—

 
—

 
—

 
—

 
—

 
(1
)
 
—

 
(1
)
 
(1
)
OCI for the period
 
(80
)
 
11

 
76

 
(19
)
 
(12
)
 
210

 
(51
)
 
159

 
147

Balance, March 31, 2019
 
$
(189
)
 
$
52

 
$
3

 
$
(7
)
 
$
(141
)
 
$
53

 
$
(81
)
 
$
(28
)
 
$
(169
)


(1)         Net investment hedges balance, net of tax, at March 31, 2020 and earlier dates presented above, include accumulated net losses from fair value adjustments of $35 million after tax ($53 million before tax) associated with previously settled derivatives that were designated as net investment hedges. The remaining balances relate to foreign currency transaction gains (losses) and related tax benefits (expenses) associated with the Company's Euro-denominated debt that is designated as a hedge against the impact of currency fluctuations on the net assets of a Euro functional currency subsidiary (see Note 9).
(2)         The tax benefits relate to foreign currency translation adjustments to the Company's one-time deemed repatriation tax liability recorded at December 31, 2017 and foreign earnings for periods after December 31, 2017 that are subject to U.S. federal and state income tax, resulting from the enactment of the U.S. Tax Cuts and Jobs Act (the "Tax Act").
(3)         The reclassified net realized losses before tax from sales of investments in debt securities and impairment losses before tax related to debt securities held by the Company are included in "Foreign currency transactions and other" and the related reclassified tax benefits are included in "Income tax (benefit) expense" in the Unaudited Consolidated Statements of Operations. The cost of marketable debt securities sold is determined using a first-in and first-out method.