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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

3 Months Ended

Mar. 31, 2019

Schedule of Derivative Instruments [Table Text Block]



	Current		Noncurrent
Interest rate ⁽¹⁾	$	—	$	71,400,000

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]



(millions)	Fair Value - Derivatives under Hedge Accounting		Fair Value - Derivatives not under Hedge Accounting		Total Fair Value
At March 31, 2019
Current Liabilities
Interest rate	$	1	$	—	$	1
Total current derivative liabilities ⁽¹⁾	1		—		1
Noncurrent Liabilities
Interest rate	9		4		13
Total noncurrent derivative liabilities ⁽²⁾	9		4		13
Total derivative liabilities	$	10	$	4	$	14

At December 31, 2018
Current Liabilities
Interest rate	$	1	$	—	$	1
Total current derivative liabilities ⁽¹⁾	1		—		1
Noncurrent Liabilities
Interest rate	7		3		10
Total noncurrent derivative liabilities ⁽²⁾	7		3		10
Total derivative liabilities	$	8	$	3	$	11

Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]



Derivatives in Cash Flow Hedging Relationships	Increase (Decrease) in Derivatives Subject to Regulatory Treatment ⁽¹⁾
(millions)
Three Months Ended March 31, 2019
Derivative type and location of gains (losses):
Interest rate	$	(2	)
Total	$	(2	)

Three Months Ended March 31, 2018
Derivative type and location of gains (losses):
Interest rate	$	2
Total	$	2

Derivatives Not Designated as Hedging Instruments [Table Text Block]



Derivatives Not designated as Hedging Instruments
(millions)	Increase (Decrease) in Derivatives Subject to Regulatory Treatment ⁽¹⁾						Amount of Gain (Loss) Recognized in Income on Derivatives ⁽²⁾
Three months ended March 31,	2019			2018		Location	2019		2018
Derivative type and location of gains (losses):
Interest rate contracts	$	(1	)	$	65	Other Income	$	—	$	115
Total	$	(1	)	$	65	Other Income	$	—	$	115

Disclosure of Credit Derivatives [Table Text Block]



Derivative Contracts with Credit Contingent Features
(millions)	March 31, 2019		December 31, 2018
in Net Liability Position
Aggregate fair value of derivatives in net liability position	$	14	$	11
Fair value of collateral already posted	14		11
Additional cash collateral or letters of credit in the event credit-risk-related contingent features were triggered	$	—	$	—

Offsetting Liabilities [Table Text Block]



	March 31, 2019								December 31, 2018
	Gross Amounts Not Offset in the Consolidated Balance Sheet								Gross Amounts Not Offset in the Consolidated Balance Sheet
(millions)	Gross Liabilities Presented in the Consolidated Balance Sheet		Financial Instruments		Cash Collateral Paid		Net Amounts		Gross Liabilities Presented in the Consolidated Balance Sheet		Financial Instruments		Cash Collateral Paid		Net Amounts
Interest rate contracts:
Over-the-counter	$	14	$	—	$	14	$	—	$	11	$	—	$	11	$	—
Total derivatives	$	14	$	—	$	14	$	—	$	11	$	—	$	11	$	—

- Definition

Tabular disclosure of credit derivatives which includes information by sellers of credit derivatives, about each credit derivative, or each group of similar credit derivatives, including (a) the nature of the credit derivative - its term, how it arose, the events or circumstances that would require the seller to perform under the credit derivative, and the current status of the payment/performance risk of the credit derivative; (b) the maximum potential amount of future payments (undiscounted) the seller could be required to make under the credit derivative; (c) the current fair value of the credit derivative; and (d) the nature of any recourse provisions under the credit derivative, and any assets held either as collateral or by third parties. A credit derivative is a derivative instrument (1) in which one or more of its underlyings are related to the credit risk of a specified entity (or a group of entities) or an index based on the credit risk of a group of entities and (2) that exposes the seller to potential loss from credit-risk-related events specified in the contract. Examples of credit derivatives within the scope of this paragraph include, but are not limited to, credit default swaps, credit spread options, and credit index products; also includes a hybrid instrument that has an embedded credit derivative (for example, but not limited to, a credit-linked note).

+ References + Details