ACCUMULATED OTHER COMPREHENSIVE INCOME (Notes)

6 Months Ended

Jun. 30, 2020

Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]

CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS BY COMPONENT

The tables below present the changes in the balances of accumulated other comprehensive loss ("AOCl") by component for the three and six months ended June 30, 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) benefit
Three Months Ended June 30, 2020
Balance, March 31, 2020	$	(314)		$	58		$	60		$	(20)		$	(216)	$	(97)	$	(29)		$	(126)					$	(342)

Other Comprehensive Income (Loss) ("OCI") before reclassifications	65			—			(43)			10			32		73		(11)			62						94
Amounts reclassified to net income⁽³⁾	—			—			—			—			—		—		15			15						15
OCI for the period	65			—			(43)			10			32		73		4			77						109

Balance, June 30, 2020	$	(249)		$	58		$	17		$	(10)		$	(184)	$	(24)	$	(25)		$	(49)					$	(233)

Six Months Ended June 30, 2020
Balance, December 31, 2019	$	(186)		$	54		$	(2)		$	(5)		$	(139)	$	(7)	$	(45)		$	(52)					$	(191)

OCI before reclassifications	(63)			4			19			(5)			(45)		(21)		6			(15)						(60)
Amounts reclassified to   net income ⁽³⁾	—			—			—			—			—		4		14			18						18
OCI for the period	(63)			4			19			(5)			(45)		(17)		20			3						(42)

Balance, June 30, 2020	$	(249)		$	58		$	17		$	(10)		$	(184)	$	(24)	$	(25)		$	(49)					$	(233)























	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) benefit
Three Months Ended June 30, 2019
Balance, March 31, 2019	$	(189)		$	52		$	3		$	(7)		$	(141)	$	53	$	(81)		$	(28)					$	(169)

OCI before reclassifications	10			4			(41)			11			(16)		(50)		14			(36)						(52)
Amounts reclassified to net income⁽³⁾	—			—			—			—			—		(10)		1			(9)						(9)
OCI for the period	10			4			(41)			11			(16)		(60)		15			(45)						(61)

Balance, June 30, 2019	$	(179)		$	56		$	(38)		$	4		$	(157)	$	(7)	$	(66)		$	(73)					$	(230)

Six Months Ended June 30, 2019
Balance, December 31, 2018	$	(109)		$	41		$	(73)		$	12		$	(129)	$	(157)	$	(30)		$	(187)					$	(316)

OCI before reclassifications	(70)			15			35			(8)			(28)		161		(37)			124						96
Amounts reclassified to net income⁽³⁾	—			—			—			—			—		(11)		1			(10)						(10)
OCI for the period	(70)			15			35			(8)			(28)		150		(36)			114						86

Balance, June 30, 2019	$	(179)		$	56		$	(38)		$	4		$	(157)	$	(7)	$	(66)		$	(73)					$	(230)

(1) Net investment hedges balance, net of tax, at June 30, 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) gains before tax from sales of investments in debt securities and impairment losses before tax related to debt securities are included in "Foreign currency transactions and other" and the related reclassified tax benefits (expenses) are included in "Income tax 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. For the three and six months ended June 30, 2020, the reclassified tax expenses includes a tax expense of $15 million related to the maturity in May 2020 of the Company's investment of $250 million in Trip.com Group convertible notes (see Note 5).