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REVENUE RECOGNITION (Tables)
 9 Months Ended
Sep. 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 nine months ended September 30, 2020 and 2019.
Nine Months Ended September 30, 2020
(in millions)Discounts
and
Allowances		ReturnsRebatesChargebacksDistribution
Fees		Total
Reserve balances, January 1, 2020$182 $691 $927 $168 $82 $2,050 
Current period provisions457 71 1,587 1,433 149 3,697 
Payments and credits(454)(185)(1,605)(1,451)(150)(3,845)
Reserve balances, September 30, 2020$185 $577 $909 $150 $81 $1,902 
Included in Rebates in the table above are cooperative advertising credits due to customers of approximately $33 million and $29 million as of September 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 nine months ended September 30, 2020.
Nine Months Ended September 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 provisions585 50 1,650 1,425 150 3,860 
Payments and credits(583)(187)(1,673)(1,480)(181)(4,104)
Reserve balances, September 30, 2019$177 $679 $1,013 $154 $133 $2,156 
Summary of activity in allowance for credit losses The activity in the allowance for credit losses for trade receivables for the nine months ended September 30, 2020 is as follows.
(in millions)
Balance, December 31, 2019$48 
Retrospective effect of application of new accounting standard1 
Provision7 
Write-offs(3)
Recoveries1 
Foreign exchange and other
(1)
Balance, September 30, 2020$53