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RETIREMENT AND POSTRETIREMENT BENEFIT PLANS - Obligations and Funded Status (Details) - Pension Plan - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Change in projected benefit obligation:      
Benefit obligation, January 1 $ 171 $ 165  
Pension plan transfer from Parent 287 0  
Service cost 2 1 $ 1
Interest cost 6 4 5
Actuarial loss (gain) 0 7  
Benefits paid (5) (5)  
Expenses paid from assets (1) 0  
Effect of foreign currency exchange rate movements 2 (1)  
Benefit obligation, December 31 462 171 165
Change in plan assets:      
Fair value of plan assets, January 1 171 163  
Pension plan transfer from Parent 252 0  
Actual return on plan assets 2 11  
Company contributions 10 4  
Benefits paid (5) (5)  
Expenses paid from assets (1) 0  
Effect of foreign currency exchange rate movements 2 (2)  
Fair value of plan assets, December 31 431 171 $ 163
Funded status, December 31 (31) 0  
Amounts recognized in the consolidated and combined balance sheets:      
Non-current asset 8 5  
Non-current liability (39) (5)  
Liabilities (31) 0  
Amounts recognized in accumulated other comprehensive income under ASC 715 (pre-tax):      
Net prior service cost 2 0  
Net actuarial loss 106 63  
Amounts recognized in accumulated other comprehensive income $ 108 $ 63