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REVENUE RECOGNITION (Tables)
 6 Months Ended
Jun. 30, 2020
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, 2020 and 2019.
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  
Included in Rebates in the table above are cooperative advertising credits due to customers of approximately $32 million and $29 million as of June 30, 2020 and January 1, 2020, 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 $4 million during the six months ended June 30, 2020.
Six Months Ended June 30, 2019
(in millions)Discounts
and
Allowances		ReturnsRebatesChargebacksDistribution
Fees		Total
Reserve balances, January 1, 2019$175  $813  $1,024  $209  $163  $2,384  
Acquisition of Synergy—  3  12  —  1  16  
Current period provisions406  78  1,100  930  98  2,612  
Payments and credits(408) (120) (1,125) (979) (119) (2,751) 
Reserve balances, June 30, 2019$173  $774  $1,011  $160  $143  $2,261  
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, 2020 is as follows.
(in millions)
Balance, January 1, 2020$48  
Retrospective effect of application of new accounting standard1  
Provision6  
Write-offs(2) 
Recoveries1  
Foreign exchange and other
(2) 
Balance, June 30, 2020$52