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REVENUE RECOGNITION (Tables)
 6 Months Ended
Jun. 30, 2021
Revenue from Contract with Customer [Abstract]  
Summary of variable consideration provisions
The following tables present the activity and ending balances of the Company’s variable consideration provisions for the six months ended June 30, 2021 and 2020.
Six Months Ended June 30, 2021
(in millions)Discounts
and
Allowances		ReturnsRebatesChargebacksDistribution
Fees		Total
Reserve balances, January 1, 2021$190 $575 $779 $184 $85 $1,813 
Current period provisions306 77 1,227 993 110 2,713 
Payments and credits(296)(119)(1,025)(1,012)(94)(2,546)
Reserve balances, June 30, 2021$200 $533 $981 $165 $101 $1,980 
Included in Rebates in the table above are cooperative advertising credits due to customers of approximately $41 million and $32 million as of June 30, 2021 and January 1, 2021, respectively, which are reflected as a reduction of Trade receivables, net in the Consolidated Balance Sheets. Included as a reduction of Distribution Fees in the table above are price appreciation credits of approximately $1 million during the six months ended June 30, 2021.
Six Months Ended June 30, 2020
(in millions)Discounts
and
Allowances		ReturnsRebatesChargebacksDistribution
Fees		Total
Reserve balances, January 1, 2020$182 $691 $927 $168 $82 $2,050 
Current period provisions293 54 1,018 917 95 2,377 
Payments and credits(316)(124)(1,096)(939)(111)(2,586)
Reserve balances, June 30, 2020$159 $621 $849 $146 $66 $1,841 
Summary of activity in allowance for credit losses The activity in the allowance for credit losses for trade receivables for the six months ended June 30, 2021 and 2020 is as follows.
(in millions)20212020
Balance, beginning of period$39 $48 
Retrospective effect of application of new accounting standard— 1 
Provision— 6 
Write-offs(1)(2)
Recoveries1 1 
Foreign exchange and other
— (2)
Balance, end of period$39 $52