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SHORT-TERM AND LONG-TERM DEBT (Tables)
 3 Months Ended
Mar. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt Instruments
Long-term debt consisted of the following (in millions of dollars):
 
As of March 31, 2019
 
As of December 31, 2018
 
Carrying Value
 
Fair Value
 
Carrying Value
 
Fair Value
4.60% senior notes due 2045
$
1,000

 
$
1,075

 
$
1,000

 
$
1,026

3.75% senior notes due 2046
400

 
374

 
400

 
357

4.20% senior notes due 2047
400

 
401

 
400

 
383

British pound term loan
172

 
172

 
174

 
174

Euro term loan
123

 
123

 
126

 
126

Canadian dollar revolving credit facility
45

 
45

 
44

 
44

Other
41

 
41

 
49

 
49

Subtotal
2,181

 
2,231

 
2,193

 
2,159

Less current maturities
(82
)
 
(82
)
 
(81
)
 
(81
)
Debt issuance costs and discounts, net of amortization
(22
)
 
(22
)
 
(22
)
 
(22
)
Long-term debt (less current maturities)
$
2,077

 
$
2,127

 
$
2,090

 
$
2,056