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DERIVATIVE INSTRUMENTS - Gains (Losses) Recognized on Fair Value Hedging Relationships (Details) - Fixed maturities - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Foreign currency forwards      
Derivative Instruments, Gain (Loss) [Line Items]      
Total gains (losses) recognized for derivatives $ (133) $ (1,835) $ (1,735)
Gains (losses) on derivatives excluded from effectiveness testing (136) (38) (25)
Gains (losses) on derivatives included in effectiveness testing 3 (1,797) (1,710)
Gains (losses) recognized for hedged items (5) 1,819 1,700
Ineffectiveness recognized for fair value hedge (2) 22 (10)
Foreign currency options      
Derivative Instruments, Gain (Loss) [Line Items]      
Total gains (losses) recognized for derivatives (4) (41)  
Gains (losses) on derivatives excluded from effectiveness testing 3 (4)  
Gains (losses) on derivatives included in effectiveness testing (7) (37)  
Gains (losses) recognized for hedged items 7 38  
Ineffectiveness recognized for fair value hedge 0 1  
Interest rate swaptions      
Derivative Instruments, Gain (Loss) [Line Items]      
Total gains (losses) recognized for derivatives (95) (318) 17
Gains (losses) on derivatives excluded from effectiveness testing 19 (36) 17
Gains (losses) on derivatives included in effectiveness testing (114) (282) 0
Gains (losses) recognized for hedged items 99 316 0
Ineffectiveness recognized for fair value hedge $ (15) $ 34 $ 0