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JOINT VENTURES (Tables)
12 Months Ended
Dec. 31, 2020
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of changes in noncontrolling interests
The following tables present the changes in noncontrolling interests for our consolidated JVs (described in greater detail below), which are reported in equity and mezzanine equity on our consolidated balance sheets:
Equity Attributable to Noncontrolling InterestsMezzanine Equity - Redeemable Noncontrolling Interest
Ares JVBSP JVTotalAres JVTotal
(in millions)
Balance, December 31, 2018 (Predecessor)$15 $99 $114 $756 $756 
Net (loss) income attributable to noncontrolling interests(7)17 10 117 117 
Contributions from noncontrolling interest holders, net— 49 49 — — 
Distributions to noncontrolling interest holders(8)(72)(80)(71)(71)
Balance, December 31, 2019 (Predecessor)$— $93 $93 $802 $802 
Net income (loss) attributable to noncontrolling interests10 13 94 94 
Distributions to noncontrolling interest holders(3)(34)(37)(67)(67)
Modification of noncontrolling interest— — — (138)(138)
Acquisition of noncontrolling interest— — — (691)(691)
Impact of fresh start accounting— — — 
Balance, October 31, 2020 (Predecessor)$— $76 $76 $— $—