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FINANCIAL INSTRUMENTS (Tables) | 12 Months Ended
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Dec. 31, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Derivative Instruments | The Company maintains various fixed-to-variable interest rate swap agreements to convert a portion of the Company's long-term debt into variable interest rate debt. A summary of the notional amounts of these interest rate swap agreements as of December 31, 2019 and 2018 was as follows:
|  | Notional Amount
Debt Instrument |  | 2019 |  | 2018
4.25% Senior Notes due April 2024 |  | $ | 250 |  |  | $ | 250 |
3.50% Senior Notes due March 2025 |  | 600 |  |  | 600 |
3.45% Senior Notes due June 2026 |  | 350 |  |  | 350 |
|  | $ | 1,200 |  |  | $ | 1,200 |
Schedule of Debt Instrument Fair Value Basis Adjustment Attributable to Hedged Debt | As of December 31, 2019 and 2018, the following amounts were recorded on the consolidated balance sheets related to cumulative basis adjustments for fair value hedges included in the carrying amount of long-term debt:
|  |  | Carrying Amount of Hedged Long-Term Debt |  | Hedge Accounting Basis Adjustment (a) |  | Carrying Amount of Hedged Long-Term Debt |  | Hedge Accounting Basis Adjustment (a)
Balance Sheet Classification |  | December 31, 2019 |  | December 31, 2019 |  | December 31, 2018 |  | December 31, 2018
Long-term debt |  | $ | 1,186 |  |  | $ | (3 | ) |  | $ | 1,125 |  |  | $ | (53 | )
(a) The balance includes $25 million and $40 million of remaining unamortized hedging adjustment on a discontinued relationship as of December 31, 2019 and 2018, respectively.
Schedule of Fair Value Hedging Instruments and Hedged Item, Statement of Financial Performance, Location | The following table presents the effect of fair value hedge accounting on the consolidated statements of operations for the years ended December 31, 2019, 2018 and 2017, respectively:
|  |  | Year Ended December 31,
|  |  | 2019 |  | 2018 |  | 2017
|  | Other income (expense), net |  | Other income (expense), net |  | Other income (expense), net
Total for line item in which the effects of fair value hedges are recorded |  | $ | 20 |  |  | $ | (8 | ) |  | $ | 16 |
Gain (loss) on fair value hedging relationships: |  |  |  |  |  |
Hedged items (Long-term debt) |  | $ | (65 | ) |  | $ | 4 |  |  | $ | 1 |
Derivatives designated as hedging instruments |  | $ | 65 |  |  | $ | (4 | ) |  | $ | (1 | )
Schedule of The Fair Values of Derivative Instruments | A summary of the fair values of derivative instruments in the consolidated balance sheets was as follows:
| December 31, 2019 |  | December 31, 2018
| Balance Sheet Classification |  | Fair Value |  | Balance Sheet Classification |  | Fair Value
Derivatives Designated as Hedging Instruments |  |  |  |  |  |  |  |  |
Fix-to-variable interest rate swap agreements | Other liabilities |  | $ | 28 |  |  | Other liabilities |  | $ | 93 |

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