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FAIR VALUE (Tables)
 12 Months Ended
Dec. 31, 2019
Fair Value Disclosures [Abstract]  
Schedule of Fair Value Measurements
The following table summarizes our fair value measurements at December 31, 2019 and 2018, respectively, for financial assets measured at fair value on a recurring basis:
 
 
 
Fair Value Measurements Using
 
Fair Value
 
Quoted Prices
in Active
Markets
(Level 1)
 
Other
Observable
Inputs
(Level 2)
 
Unobservable
Inputs
(Level 3)
 
(in millions)
December 31, 2019
 
 
 
 
 
 
 
Cash equivalents
$
3,660

 
$
3,660

 
$
—

 
$
—

Debt securities:
 
 
 
 
 
 
 
U.S. Treasury and other U.S. government corporations and agencies:
 
 
 
 
 
 
 
U.S. Treasury and agency obligations
354

 
—

 
354

 
—

Mortgage-backed securities
3,710

 
—

 
3,710

 
—

Tax-exempt municipal securities
1,463

 
—

 
1,463

 
—

Mortgage-backed securities:
 
 
 
 
 
 
 
Commercial
804

 
—

 
804

 
—

Asset-backed securities
1,093

 
—

 
1,093

 
—

Corporate debt securities
3,947

 
—

 
3,947

 
—

Total debt securities
11,371

 
—

 
11,371

 
—

Common stock
7

 
7

 
—

 
—

Total invested assets
$
15,038

 
$
3,667

 
$
11,371

 
$
—

December 31, 2018
 
 
 
 
 
 
 
Cash equivalents
$
2,024

 
$
2,024

 
$
—

 
$
—

Debt securities:
 
 
 
 
 
 
 
U.S. Treasury and other U.S. government corporations and agencies:
 
 
 
 
 
 
 
U.S. Treasury and agency obligations
417

 
—

 
417

 
—

Mortgage-backed securities
2,544

 
—

 
2,544

 
—

Tax-exempt municipal securities
2,771

 
—

 
2,771

 
—

Mortgage-backed securities:
 
 
 
 
 
 
 
Residential
55

 
—

 
55

 
—

Commercial
523

 
—

 
523

 
—

Asset-backed securities
985

 
—

 
985

 
—

Corporate debt securities
3,142

 
—

 
3,142

 
—

Total debt securities
10,437

 
—

 
10,437

 
—

Total invested assets
$
12,461

 
$
2,024

 
$
10,437

 
$
—