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FINANCIAL INSTRUMENTS (Tables) | 6 Months Ended
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Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Debt Instrument Fair Value Basis Adjustment Attributable to Hedged Debt | As of June 30, 2020 and December 31, 2019, 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 |  |  | June 30, 2020 |  | June 30, 2020 |  | December 31, 2019 |  | December 31, 2019
Long-term debt |  |  | $ | — |  |  | $ | 59 |  |  | $ | 1,186 |  |  | $ | (3) |
(a) As of June 30, 2020, the entire balance is associated with remaining unamortized hedging adjustments on discontinued relationships. As of December 31, 2019, the balance includes $25 million of remaining unamortized hedging adjustments on discontinued relationships.
Schedule of Fair Value Hedge Accounting on the Statement of Operations | The following table presents the effect of fair value hedge accounting on the Company's consolidated statements of operations for the three and six months ended June 30, 2020 and 2019:
|  |  | Three Months Ended June 30, |  |  |  | Six Months Ended June 30, |  |
|  |  | 2020 |  | 2019 |  | 2020 |  | 2019
|  |  | Other income (expense), net |  | 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 |  |  | $ | 13 |  |  | $ | 3 |  |  | $ | (3) |  |  | $ | 12 |
Gain (loss) on fair value hedging relationships: |  |  |  |  |  |  |  |  |
Hedged items (Long-term debt) |  |  | $ | 1 |  |  | $ | (40) |  |  | $ | (68) |  |  | $ | (56) |
Derivatives designated as hedging instruments |  |  | $ | (1) |  |  | $ | 40 |  |  | $ | 68 |  |  | $ | 56 |

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