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FAIR VALUE MEASUREMENTS - Fair Value Measurement Inputs and Valuation Techniques (Details)
$ in Millions
Jun. 30, 2020
USD ($)
Dec. 31, 2019
USD ($)
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities $ 99,959 $ 91,262
Equity securities 749 802
Asset derivatives 474 482
Liability derivatives 680 586
Assets, fair value 107,473 98,070
Liabilities, fair value 680 586
Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 777 687
Equity securities 86 80
Asset derivatives 87 169
Assets, fair value 950 936
Liabilities, fair value 255 126
Net asset value valuation technique    
Fair Value Measurement Inputs and Valuation Techniques    
Equity securities 86 80
Net asset value valuation technique | Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Equity securities 86 80
Foreign currency swaps    
Fair Value Measurement Inputs and Valuation Techniques    
Asset derivatives 160 241
Liability derivatives 284 204
Foreign currency swaps | Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Asset derivatives 87 169
Liability derivatives 255 126
Foreign currency swaps | Fair Value, Unobservable Input, Interest Rates (USD), Interest Rates (JPY) and CDS Spreads | Discounted cash flow technique | Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Asset derivatives 12 106
Liability derivatives 237 118
Foreign currency swaps | Fair Value, Unobservable Input, Interest Rates (USD) and Interest Rates (JPY) | Discounted cash flow technique | Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Asset derivatives 75 63
Liability derivatives $ 18 $ 8
Foreign currency swaps | Credit Spread | Fair Value, Unobservable Input, Interest Rates (USD), Interest Rates (JPY) and CDS Spreads | Lower Limit | Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Derivative asset, measurement input 0.0012 0.0010
Derivative liability, measurement input 0.0046 0.0013
Foreign currency swaps | Credit Spread | Fair Value, Unobservable Input, Interest Rates (USD), Interest Rates (JPY) and CDS Spreads | Upper Limit | Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Derivative asset, measurement input 0.0119 0.0100
Derivative liability, measurement input 0.0202 0.0159
Dollar-denominated    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities $ 39,653 $ 38,281
Equity securities $ 140 $ 144
Dollar-denominated | Foreign currency swaps | Discount Rate | Fair Value, Unobservable Input, Interest Rates (USD), Interest Rates (JPY) and CDS Spreads | Lower Limit | Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Derivative asset, measurement input [1] 0.0061 0.0189
Derivative liability, measurement input [1] 0.0061 0.0189
Dollar-denominated | Foreign currency swaps | Discount Rate | Fair Value, Unobservable Input, Interest Rates (USD), Interest Rates (JPY) and CDS Spreads | Upper Limit | Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Derivative asset, measurement input [1] 0.0088 0.0209
Derivative liability, measurement input [1] 0.0088 0.0209
Dollar-denominated | Foreign currency swaps | Discount Rate | Fair Value, Unobservable Input, Interest Rates (USD) and Interest Rates (JPY) | Lower Limit | Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Derivative asset, measurement input [1] 0.0061 0.0189
Derivative liability, measurement input [1] 0.0061 0.0189
Dollar-denominated | Foreign currency swaps | Discount Rate | Fair Value, Unobservable Input, Interest Rates (USD) and Interest Rates (JPY) | Upper Limit | Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Derivative asset, measurement input [1] 0.0088 0.0209
Derivative liability, measurement input [1] 0.0088 0.0209
Yen-denominated    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities $ 60,306 $ 52,981
Equity securities $ 609 $ 658
Yen-denominated | Foreign currency swaps | Discount Rate | Fair Value, Unobservable Input, Interest Rates (USD), Interest Rates (JPY) and CDS Spreads | Lower Limit | Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Derivative asset, measurement input [2] 0.0006 0.0012
Derivative liability, measurement input [2] 0.0006 0.0012
Yen-denominated | Foreign currency swaps | Discount Rate | Fair Value, Unobservable Input, Interest Rates (USD), Interest Rates (JPY) and CDS Spreads | Upper Limit | Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Derivative asset, measurement input [2] 0.0037 0.0043
Derivative liability, measurement input [2] 0.0037 0.0043
Yen-denominated | Foreign currency swaps | Discount Rate | Fair Value, Unobservable Input, Interest Rates (USD) and Interest Rates (JPY) | Lower Limit | Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Derivative asset, measurement input [2] 0.0006 0.0012
Derivative liability, measurement input [2] 0.0006 0.0012
Yen-denominated | Foreign currency swaps | Discount Rate | Fair Value, Unobservable Input, Interest Rates (USD) and Interest Rates (JPY) | Upper Limit | Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Derivative asset, measurement input [2] 0.0037 0.0043
Derivative liability, measurement input [2] 0.0037 0.0043
Mortgage- and asset-backed securities    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities $ 546 $ 410
Mortgage- and asset-backed securities | Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 188 178
Mortgage- and asset-backed securities | Consensus pricing valuation technique    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 188 178
Mortgage- and asset-backed securities | Consensus pricing valuation technique | Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 188 178
Mortgage- and asset-backed securities | Dollar-denominated    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 185 156
Mortgage- and asset-backed securities | Yen-denominated    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 361 254
Banks/financial institutions    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 11,214 10,287
Banks/financial institutions | Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 24 23
Banks/financial institutions | Consensus pricing valuation technique    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 24 23
Banks/financial institutions | Consensus pricing valuation technique | Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 24 23
Banks/financial institutions | Dollar-denominated    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 3,592 3,521
Banks/financial institutions | Yen-denominated    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 7,622 6,766
Public utilities    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 9,942 6,780
Public utilities | Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 322 224
Public utilities | Discounted cash flow technique    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 322 224
Public utilities | Discounted cash flow technique | Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 322 224
Public utilities | Dollar-denominated    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 4,764 4,519
Public utilities | Yen-denominated    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 5,178 2,261
Other corporate    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 37,901 34,496
Other corporate | Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 243 262
Other corporate | Discounted cash flow technique    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 243 262
Other corporate | Discounted cash flow technique | Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 243 262
Other corporate | Dollar-denominated    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 29,202 28,253
Other corporate | Yen-denominated    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities $ 8,699 $ 6,243
[1] Inputs derived from U.S. long-term rates to accommodate long maturity nature of the Company's swaps
[2] Inputs derived from Japan long-term rates to accommodate long maturity nature of the Company's swaps