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CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS BY COMPONENT (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Total AOCI, net of tax    
Balance $ 6,178 $ 4,893
OCI, before reclassifications, net of tax (39) (42)
Total other comprehensive loss, net of tax (39) (42)
Balance 4,373 4,764
Cash Flow Hedging | Reverse Treasury Lock | Designated as Hedging Instrument    
Total AOCI, net of tax    
Notional amount   1,800
Total AOCI    
Total AOCI, net of tax    
Balance (144) (118)
Balance (183) (160)
Foreign currency translation adjustments    
Total AOCI, net of tax    
Balance (146) (89)
OCI, before reclassifications, net of tax (38) (30)
Total other comprehensive loss, net of tax (38) (30)
Balance (184) (119)
Foreign currency translation adjustments | Net Investment Hedging | Foreign Currency Forward    
Before tax    
Balance (53) (53)
Balance (53) (53)
Total AOCI, net of tax    
Balance (35) (35)
Balance (35) (35)
Foreign currency translation    
Before tax    
Balance (276) 11
OCI before reclassifications, before tax (135) (117)
OCI after reclassifications, before tax (135) (117)
Balance (411) (106)
Tax (expense) benefit    
Balance [1] 67 47
OCI before reclassifications, tax [1] 7 4
OCI after reclassifications, tax [1] 7 4
Balance [1] 74 51
Net Investment Hedges    
Before tax    
Balance [2] 91 (184)
OCI before reclassifications, before tax [2] 117 109
OCI after reclassifications, before tax [2] 117 109
Balance [2] 208 (75)
Tax (expense) benefit    
Balance [2] (28) 37
OCI before reclassifications, tax [2] (27) (26)
OCI after reclassifications, tax [2] (27) (26)
Balance [2] (55) 11
Unrealized losses on cash flow hedges    
Before tax    
Balance [3] 0 0
OCI before reclassifications, before tax [3] 0 (15)
OCI after reclassifications, before tax [3] 0 (15)
Balance [3] 0 (15)
Tax (expense) benefit    
Balance [3] 0 0
OCI before reclassifications, tax [3] 0 4
OCI after reclassifications, tax [3] 0 4
Balance [3] 0 4
Total AOCI, net of tax    
Balance [3] 0 0
OCI, before reclassifications, net of tax [3] 0 (11)
Total other comprehensive loss, net of tax [3] 0 (11)
Balance [3] 0 (11)
Net unrealized gains (losses) on available-for-sale securities    
Before tax    
Balance 3 3
OCI before reclassifications, before tax (1) (1)
OCI after reclassifications, before tax (1) (1)
Balance 2 2
Tax (expense) benefit    
Balance (1) (32)
OCI before reclassifications, tax 0 0
OCI after reclassifications, tax 0 0
Balance (1) (32)
Total AOCI, net of tax    
Balance 2 (29)
OCI, before reclassifications, net of tax (1) (1)
Total other comprehensive loss, net of tax (1) (1)
Balance $ 1 $ (30)
[1] 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").
[2] Net investment hedges balance at March 31, 2022 and earlier dates presented above, includes accumulated net losses from fair value adjustments of $35 million ($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 of the foreign currency exposure of the net investment in certain Euro functional currency subsidiaries (see Note 9).
[3] Relates to the reverse treasury lock agreements with an aggregate notional amount of $1.8 billion entered in March 2021 to hedge the risk of changes in the cash flows related to the planned redemption, in April 2021, of the Senior Notes due April 2025 and the Senior Notes due April 2027. The agreements were designated as cash flow hedges and settled in April 2021.