ACCOUNTS RECEIVABLE SECURITIZATION (Tables)

12 Months Ended

Dec. 31, 2019

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable

Amounts recognized in connection with the RPA were as follows (in millions):

	For the Year Ended December 31, 2019
Accounts receivable sold and derecognized	$	224
Cash proceeds received (1)	$	223
Loss on accounts receivable sold (2)	$	2
	December 31, 2019
Pledged receivables (3)	$	142

(1)Of this amount, $99 million, represented the initial transfer upon commencement of the RPA, which is net of transaction fees and the structuring discount. The remainder represented proceeds from collections reinvested in revolving-period transfers. This amount is included in Net cash provided by operating activities on our consolidated statement of cash flows.

(2)Recorded in Other operating expense, net on our consolidated statements of operations. Amount includes initial transaction costs of $1 million and a guarantee expense of less than $1 million related to the pledged receivables.

(3)Secures our obligations under the RPA and provides a guarantee for the prompt payment, not collection, of all payment obligations relating to the sold receivables