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CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS BY COMPONENT (Notes)
 9 Months Ended
Sep. 30, 2020
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS BY COMPONENT 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 nine months ended September 30, 2020 and 2019 (in millions): 
Foreign currency translation adjustments, net of taxNet unrealized (losses) gains on available-for-sale securities, net of taxTotal AOCI, net of tax
Foreign currency translation
Net Investment
Hedges (1)
Total, net of taxBefore taxTax (expense) benefitTotal, net of tax
Before tax
Tax benefit (expense)(2)
Before taxTax (expense) benefit
Three Months Ended September 30, 2020
Balance, June 30, 2020$(249)$58 $17 $(10)$(184)$(24)$(25)$(49)$(233)
Other Comprehensive Income (Loss) ("OCI") before reclassifications99 (4)(69)16 42 (5)— (5)37 
Amounts reclassified to
net income		— — — — — — — — — 
OCI for the period99 (4)(69)16 42 (5)— (5)37 
Balance, September 30, 2020$(150)$54 $(52)$6 $(142)$(29)$(25)$(54)$(196)
Nine Months Ended September 30, 2020
Balance, December 31, 2019$(186)$54 $(2)$(5)$(139)$(7)$(45)$(52)$(191)
OCI before reclassifications36 — (50)11 (3)(26)6 (20)(23)
Amounts reclassified to
net income (3)
— — — — — 4 14 18 18 
OCI for the period36 — (50)11 (3)(22)20 (2)(5)
Balance, September 30, 2020$(150)$54 $(52)$6 $(142)$(29)$(25)$(54)$(196)
Foreign currency translation adjustments, net of taxNet unrealized (losses) gains on available-for-sale securities, net of taxTotal AOCI, net of tax
Foreign currency translation
Net Investment
Hedges (1)
Total, net of taxBefore taxTax (expense) benefitTotal, net of tax
Before tax
Tax benefit(2)
Before taxTax benefit (expense)
Three Months Ended September 30, 2019
Balance, June 30, 2019$(179)$56 $(38)$4 $(157)$(7)$(66)$(73)$(230)
OCI before reclassifications(128)8 111 (26)(35)(28)7 (21)(56)
Amounts reclassified to
  net income (3)
— — — — — — 21 21 21 
OCI for the period(128)8 111 (26)(35)(28)28 — (35)
Balance, September 30, 2019$(307)$64 $73 $(22)$(192)$(35)$(38)$(73)$(265)
Nine Months Ended September 30, 2019
Balance, December 31, 2018$(109)$41 $(73)$12 $(129)$(157)$(30)$(187)$(316)
OCI before reclassifications(198)23 146 (34)(63)133 (30)103 40 
Amounts reclassified to
  net income (3)
— — — — — (11)22 11 11 
OCI for the period(198)23 146 (34)(63)122 (8)114 51 
Balance, September 30, 2019$(307)$64 $73 $(22)$(192)$(35)$(38)$(73)$(265)

(1)         Net investment hedges balance, net of tax, at September 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 nine months ended September 30, 2020, the reclassified tax expenses include 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). For the three and nine months ended September 30, 2019, the reclassified tax expenses include a tax expense of $21 million related to the maturity in August 2019 of the Company's investment of $500 million in Trip.com Group convertible notes.