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ACCRUED WORKERS' COMPENSATION COSTS (Tables) | 12 Months Ended
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Dec. 31, 2023
Insurance [Abstract] |
Schedule of Activities for Unpaid Claims, Claims Adjustment Expenses and Workers' Compensation Liabilities | The following table summarizes the accrued workers’ compensation cost activity for the years ended December 31, 2023, 2022 and 2021:
| Year Ended December 31,
(in millions) | 2023 | 2022 | 2021
Total accrued costs, beginning of year | $ | 189 |  | $ | 198 |  | $ | 205 |
Incurred |  |  |
Current year | 66 |  | 68 |  | 66 |
Prior years | (36) |  | (32) |  | (23) |
Total incurred | 30 |  | 36 |  | 43 |
Paid |  |  |
Current year | (10) |  | (10) |  | (10) |
Prior years | (34) |  | (35) |  | (40) |
Total paid | (44) |  | (45) |  | (50) |
Total accrued costs, end of year | $ | 175 |  | $ | 189 |  | $ | 198 |
The following tables summarize workers' compensation liabilities on the consolidated balance sheets:
(in millions) |  | December 31, 2023 | December 31, 2022
Total accrued costs, end of year |  | $ | 175 |  | $ | 189 |
Collateral paid to carriers and offset against accrued costs |  | (5) |  | (7) |
Total accrued costs, net of carrier collateral offset |  | $ | 170 |  | $ | 182 |
Payable in less than 1 year (net of collateral paid to carriers of $1 and $2 as of December 31, 2023 and 2022, respectively) |  | $ | 50 |  | 54
Payable in more than 1 year (net of collateral paid to carriers of $4 and $5 as of December 31, 2023 and 2022, respectively) |  | 120 |  | 128 |
Total accrued costs, net of carrier collateral offset |  | $ | 170 |  | $ | 182 |

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- Definition Tabular disclosure of the activity in the reserve for settling insured claims and expenses incurred in the claims settlement process for the period. The estimated liability includes the amount of money that will be required for future payments of (a) claims that have been reported to the insurer, (b) claims related to insured events that have occurred but that have not been reported to the insurer as of the date the liability is estimated, and (c) claim adjustment expenses. Claim adjustment expenses include costs incurred in the claim settlement process such as legal fees; outside adjuster fees; and costs to record, process, and adjust claims. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480081/944-40-50-3 + Details
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