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Shareholders' Equity (Tables)

3 Months Ended

Mar. 31, 2022

Equity [Abstract]

Changes in Accumulated Other Comprehensive Income by Component

The following tables present the changes in each component of AOCI and the effect of reclassifications out of AOCI into the respective lines in the condensed consolidated statements of operations.

Changes in Accumulated Other Comprehensive Income (Loss) by Component

First Quarter 2022

			Net Unrealized Gains (Losses) on Investments with:												ISCR on  FG VIEs’ Liabilities with Recourse						Cumulative Translation Adjustment						Cash Flow  Hedge						Total AOCI
			No Credit Impairment						Credit Impairment
			(in millions)
Balance, December 31, 2021			$	375					$	(24)					$	(21)					$	(36)					$	6					$	300
Other comprehensive income (loss) before reclassifications			(339)						(43)						(1)						(1)						—						(384)
Less: Amounts reclassified from AOCI to:
Net realized investment gains (losses)			(1)						(5)						—						—						—						(6)
Fair value gains (losses) on FG VIEs			—						—						(1)						—						—						(1)
Total before tax			(1)						(5)						(1)						—						—						(7)
Tax (provision) benefit			—						1						—						—						—						1
Total amount reclassified from AOCI, net of tax			(1)						(4)						(1)						—						—						(6)
Other comprehensive income (loss)			(338)						(39)						—						(1)						—						(378)
Balance, March 31, 2022			$	37					$	(63)					$	(21)					$	(37)					$	6					$	(78)

Changes in Accumulated Other Comprehensive Income (Loss) by Component

First Quarter 2021

			Net Unrealized Gains (Losses) on Investments with:												ISCR on  FG VIEs’ Liabilities with Recourse						Cumulative Translation Adjustment						Cash Flow  Hedge						Total AOCI
			No Credit Impairment						Credit Impairment
			(in millions)
Balance, December 31, 2020			$	577					$	(30)					$	(20)					$	(36)					$	7					$	498
Other comprehensive income (loss) before reclassifications			(119)						(8)						(2)						1						—						(128)
Less: Amounts reclassified from AOCI to:
Net realized investment gains (losses)			—						(3)						—						—						—						(3)
Fair value gains (losses) on FG VIEs			—						—						(1)						—						—						(1)
Total before tax			—						(3)						(1)						—						—						(4)
Tax (provision) benefit			—						1						—						—						—						1
Total amount reclassified from AOCI, net of tax			—						(2)						(1)						—						—						(3)
Other comprehensive income (loss)			(119)						(6)						(1)						1						—						(125)
Balance, March 31, 2021			$	458					$	(36)					$	(21)					$	(35)					$	7					$	373

Schedule of Share Repurchases

Share Repurchases

Period						Number of Shares Repurchased						Total Payments (in millions)						Average Price Paid Per Share
2021 (January 1 - March 31)						1,986,534						$	77					$	38.83
2021 (April 1 - June 30)						1,887,531						88						46.63
2021 (July 1- September 30)						2,918,993						140						47.76
2021 (October 1 - December 31)						3,725,982						191						51.47
Total 2021						10,519,040						$	496					47.19
2022 (January 1 - March 31) (1)						2,738,223						155						56.62
2022 (April 1 - May 5)						1,007,045						61						59.86
Total 2022						3,745,268						$	216					57.49

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(1)     Includes $3 million of share repurchases that was prepaid in December 2021 and settled in First Quarter 2022.

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Schedule Of Share Repurchases [Table Text Block]

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Tabular disclosure of the components of accumulated other comprehensive income (loss).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-URI http://asc.fasb.org/extlink&oid=124509347&loc=SL7669686-108580

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900

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