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Shareholders' Equity (Tables)

9 Months Ended

Sep. 30, 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

Third 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, June 30, 2022			$	(205)					$	(107)					$	(19)					$	(45)					$	6					$	(370)
Other comprehensive income (loss) before reclassifications			(286)						(1)						(3)						(4)						—						(294)
Less: Amounts reclassified from AOCI to:
Net realized investment gains (losses)			(11)						(3)						—						—						—						(14)
Fair value gains (losses) on FG VIEs			—						—						—						—						—						—
Total before tax			(11)						(3)						—						—						—						(14)
Tax (provision) benefit			2						—						—						—						—						2
Total amount reclassified from AOCI, net of tax			(9)						(3)						—						—						—						(12)
Other comprehensive income (loss)			(277)						2						(3)						(4)						—						(282)
Balance, September 30, 2022			$	(482)					$	(105)					$	(22)					$	(49)					$	6					$	(652)

Changes in Accumulated Other Comprehensive Income (Loss) by Component

Third 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, June 30, 2021			$	509					$	(12)					$	(23)					$	(36)					$	7					$	445
Other comprehensive income (loss) before reclassifications			(69)						(2)						1						—						—						(70)
Less: Amounts reclassified from AOCI to:
Net realized investment gains (losses)			(3)						5						—						—						—						2
Fair value gains (losses) on FG VIEs			—						—						(1)						—						—						(1)
Interest expense			—						—						—						—						1						1
Total before tax			(3)						5						(1)						—						1						2
Tax (provision) benefit			—						(1)						—						—						—						(1)
Total amount reclassified from AOCI, net of tax			(3)						4						(1)						—						1						1
Other comprehensive income (loss)			(66)						(6)						2						—						(1)						(71)
Balance, September 30, 2021			$	443					$	(18)					$	(21)					$	(36)					$	6					$	374

Changes in Accumulated Other Comprehensive Income (Loss) by Component

Nine Months 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			(886)						(92)						(2)						(13)						—						(993)
Less: Amounts reclassified from AOCI to:
Net realized investment gains (losses)			(35)						(13)						—						—						—						(48)
Fair value gains (losses) on FG VIEs			—						—						(2)						—						—						(2)
Total before tax			(35)						(13)						(2)						—						—						(50)
Tax (provision) benefit			6						2						1						—						—						9
Total amount reclassified from AOCI, net of tax			(29)						(11)						(1)						—						—						(41)
Other comprehensive income (loss)			(857)						(81)						(1)						(13)						—						(952)
Balance, September 30, 2022			$	(482)					$	(105)					$	(22)					$	(49)					$	6					$	(652)

Changes in Accumulated Other Comprehensive Income (Loss) by Component

Nine Months 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			(134)						14						(3)						—						—						(123)
Less: Amounts reclassified from AOCI to:
Net realized investment gains (losses)			1						2						—						—						—						3
Fair value gains (losses) on FG VIEs			—						—						(3)						—						—						(3)
Interest expense			—						—						—						—						1						1
Total before tax			1						2						(3)						—						1						1
Tax (provision) benefit			(1)						—						1						—						—						—
Total amount reclassified from AOCI, net of tax			—						2						(2)						—						1						1
Other comprehensive income (loss)			(134)						12						(1)						—						(1)						(124)
Balance, September 30, 2021			$	443					$	(18)					$	(21)					$	(36)					$	6					$	374

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 - June 30)						2,605,947						151						58.03
2022 (July 1 - September 30)						1,790,395						97						53.77
2022 (October 1 - November 7)						785,863						42						53.99
Total 2022						7,920,428						$	445					56.18

____________________

(1)     Includes $3 million of share repurchases that was prepaid in December 2021 and settled in the first quarter of 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 https://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 https://asc.fasb.org/extlink&oid=126968391&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 https://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900

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