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DERIVATIVES (Tables)
3 Months Ended
Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The following table presents the fair values (at gross and net) of our outstanding commodity derivatives as of March 31, 2020 and December 31, 2019:
March 31, 2020
Balance Sheet Classification
 
Gross Amounts Recognized at Fair Value
 
Gross Amounts Offset in the Balance Sheet
 
Net Fair Value Presented in the Balance Sheet
Assets:
 
(in millions)
  Other current assets, net
 
$
15

 
$

 
$
15

  Other assets
 
2

 

 
2

 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
  Accrued liabilities
 

 

 

Total derivatives
 
$
17

 
$

 
$
17

December 31, 2019
Balance Sheet Classification
 
Gross Amounts Recognized at Fair Value
 
Gross Amounts Offset in the Balance Sheet
 
Net Fair Value Presented in the Balance Sheet
Assets:
 
(in millions)
  Other current assets, net
 
$
49

 
$
(10
)
 
$
39

  Other assets
 
1

 

 
1

 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
  Accrued liabilities
 
(15
)
 
10

 
(5
)
Total derivatives
 
$
35

 
$

 
$
35