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FINANCIAL INSTRUMENTS (Tables)
 12 Months Ended
Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Debt Instrument Fair Value Basis Adjustment Attributable to Hedged Debt As of December 31, 2020 and 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 DebtHedge Accounting Basis Adjustment (a)Carrying Amount of Hedged Long-Term Debt Hedge Accounting Basis Adjustment (a)
Balance Sheet ClassificationDecember 31, 2020December 31, 2020December 31, 2019December 31, 2019
Long-term debt$— $51 $1,186 $(3)
(a) As of December 31, 2020, the entire balance is associated with remaining unamortized hedging adjustments on discounted relationships. As of December 31, 2019, the balance includes $25 million of remaining unamortized hedging adjustments on discontinued relationships.
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, 2020, 2019 and 2018, respectively:
202020192018
Other income (expense), netOther income (expense), netOther income (expense), net
Total for line item in which the effects of fair value hedges are recorded$76 $20 $(8)
Gain (loss) on fair value hedging relationships:
Hedged items (Long-term debt)$(68)$(65)$4 
Derivatives designated as hedging instruments$68 $65 $(4)
Schedule of The Fair Values of Derivative Instruments A summary of the fair values of derivative instruments in the consolidated balance sheet was as follows:
December 31, 2019
Balance Sheet
Classification		Fair Value
Derivatives Designated as Hedging Instruments  
Fixed-to-variable interest rate swap agreementsOther liabilities$28