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CHANGES IN ACCUMULATED OTHER COMPREHENSIVE LOSS BY COMPONENT (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
May 31, 2020
Total, net of tax        
Balance $ 6,178 $ 4,893 $ 5,933  
OCI before reclassifications (121) 135 55  
Amounts reclassified to net income [2] (2) [1] (161) 18  
Total other comprehensive (loss) income, net of tax (123) (26) 73  
Balance 2,782 6,178 4,893  
Convertible debt securities | Trip.com Group        
Total, net of tax        
Investment in convertible notes   500   $ 250
Foreign currency translation adjustments        
Total, net of tax        
Balance (146) (89) (139)  
OCI before reclassifications (111) (57) 50  
Amounts reclassified to net income [2] 0 [1] 0 0  
Total other comprehensive (loss) income, net of tax (111) (57) 50  
Balance (257) (146) (89)  
Foreign currency translation adjustments | Foreign Exchange Forward | Net Investment Hedging        
Before tax        
Balance, beginning of period (53) (53) (53)  
Balance, end of period (53) (53) (53)  
Total, net of tax        
Balance (35) (35) (35)  
Balance (35) (35) (35)  
Foreign Currency Translation Adjustments - Foreign Currency Translation        
Before tax        
Balance, beginning of period (276) 11 (186)  
OCI before reclassifications (303) (287) 197  
Amounts reclassified to net income [2] 0 [1] 0 0  
OCI for the period (303) (287) 197  
Balance, end of period (579) (276) 11  
Tax        
Balance, beginning of period [3] 67 47 54  
OCI before reclassifications [3] 26 20 (7)  
Amounts reclassified to net income [2],[3] 0 [1] 0 0  
OCI for the period [3] 26 20 (7)  
Balance, end of period [3] 93 67 47  
Foreign Currency Translation Adjustments - Net Investment Hedges        
Before tax        
Balance, beginning of period [4] 91 (184) (2)  
OCI before reclassifications [4] 219 275 (182)  
Amounts reclassified to net income [2],[4] 0 [1] 0 0  
OCI for the period [4] 219 275 (182)  
Balance, end of period [4] 310 91 (184)  
Tax        
Balance, beginning of period [4] (28) 37 (5)  
OCI before reclassifications [4] (53) (65) 42  
Amounts reclassified to net income [2],[4] 0 [1] 0 0  
OCI for the period [4] (53) (65) 42  
Balance, end of period [4] (81) (28) 37  
Unrealized losses on cash flow hedges        
Before tax        
Balance, beginning of period [5] 0 0 0  
OCI before reclassifications [5] 0 (15) 0  
Amounts reclassified to net income [2],[5] 0 [1] 15 0  
OCI for the period [5] 0 0 0  
Balance, end of period [5] 0 0 0  
Tax        
Balance, beginning of period [5] 0 0 0  
OCI before reclassifications [5] 0 4 0  
Amounts reclassified to net income [2],[5] 0 [1] (4) 0  
OCI for the period [5] 0 0 0  
Balance, end of period [5] 0 0 0  
Total, net of tax        
Balance [5] 0 0 0  
OCI before reclassifications [5] 0 (11) 0  
Amounts reclassified to net income [2],[5] 0 [1] 11 0  
Total other comprehensive (loss) income, net of tax [5] 0 0 0  
Balance [5] 0 0 0  
Net unrealized gains (losses) on available-for-sale securities        
Before tax        
Balance, beginning of period 3 3 (7)  
OCI before reclassifications (13) 265 6  
Amounts reclassified to net income [2] (3) [1] (265) 4  
OCI for the period (16) 0 10  
Balance, end of period (13) 3 3  
Tax        
Balance, beginning of period (1) (32) (45)  
OCI before reclassifications 3 (62) (1)  
Amounts reclassified to net income [2] 1 [1] 93 14  
OCI for the period 4 31 13  
Balance, end of period 3 (1) (32)  
Total, net of tax        
Balance 2 (29) (52)  
OCI before reclassifications (10) 203 5  
Amounts reclassified to net income [2] (2) [1] (172) 18  
Total other comprehensive (loss) income, net of tax (12) 31 23  
Balance (10) 2 (29)  
Net unrealized gains (losses) on available-for-sale securities | Grab        
Before tax        
Amounts reclassified to net income   (265)    
Total, net of tax        
Amounts reclassified to net income   (203)    
Net unrealized gains (losses) on available-for-sale securities | Convertible debt securities | Trip.com Group        
Tax        
Amounts reclassified to net income   31 15  
Total AOCI, net of tax        
Total, net of tax        
Balance (144) (118) (191)  
Balance $ (267) $ (144) $ (118)  
[1] For the year ended December 31, 2021, amounts reclassified to net income includes a gain of $203 million ($265 million before tax) related to the Company's investment in Grab, which was reclassified from available-for-sale debt securities to equity securities with readily determinable fair values (see Note 5).
[2] The reclassified net gains (losses) on available-for-sale securities, before tax, are included in "Other income (expense), net" and the reclassified tax (expenses) benefits are included in "Income tax expense" in the Consolidated Statements of Operations. The cost of marketable debt securities sold is determined using a first-in and first-out method. For the years ended December 31, 2021 and 2020, the reclassified tax expenses include a tax expense of $31 million and $15 million, related to the redemption in December 2021 of the Company's investment of $500 million in Trip.com Group convertible senior notes and the maturity in May 2020 of the Company's investment of $250 million in Trip.com Group convertible senior notes, respectively.
[3] 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 Tax Act.
[4] Net investment hedges balance at December 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 Notes 2 and 12).
[5] Relates to the reverse treasury lock agreements entered in March 2021 that were designated as cash flow hedges and settled in April 2021 (see Note 6).