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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES - Schedule of Derivative Activities Recorded in the Statement of Consolidated Operations (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Realized loss:    
Unrealized gain $ 49 $ 0
Not Designated as Hedging Instrument    
Realized loss:    
Derivative settlements (42) 0
Amortization of call and put premium (5) 0
Unrealized gain 49 0
Derivative instrument gain (losses), net $ 2 $ 0