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Other Comprehensive Income (Tables) | 12 Months Ended
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Dec. 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 consolidated statements of operations. Changes in Accumulated Other Comprehensive Income (Loss) by Component Year Ended December 31, 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 | (755) |  |  | (103) |  |  | (4) |  |  | (9) |  |  | — |  |  | (871) |
Less: Amounts reclassified from AOCI to: |  |  |  |  |  |  |  |  |  |  |
Net realized investment gains (losses) | (44) |  |  | (21) |  |  | — |  |  | — |  |  | — |  |  | (65) |
Fair value gains (losses) on FG VIEs | — |  |  | — |  |  | (3) |  |  | — |  |  | — |  |  | (3) |
Interest expense | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total before tax | (44) |  |  | (21) |  |  | (3) |  |  | — |  |  | — |  |  | (68) |
Tax (provision) benefit | 7 |  |  | 4 |  |  | 1 |  |  | — |  |  | — |  |  | 12 |
Total amount reclassified from AOCI, net of tax | (37) |  |  | (17) |  |  | (2) |  |  | — |  |  | — |  |  | (56) |
Other comprehensive income (loss) | (718) |  |  | (86) |  |  | (2) |  |  | (9) |  |  | — |  |  | (815) |
Balance, December 31, 2022 | $ | (343) |  |  | $ | (110) |  |  | $ | (23) |  |  | $ | (45) |  |  | $ | 6 |  |  | $ | (515) |
Changes in Accumulated Other Comprehensive Income (Loss) by Component Year Ended December 31, 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 | (184) |  |  | — |  |  | (3) |  |  | — |  |  | — |  |  | (187) |
Less: Amounts reclassified from AOCI to: |  |  |  |  |  |  |  |  |  |  |
Net realized investment gains (losses) | 21 |  |  | (7) |  |  | — |  |  | — |  |  | — |  |  | 14 |
Fair value gains (losses) on FG VIEs | — |  |  | — |  |  | (3) |  |  | — |  |  | — |  |  | (3) |
Interest expense | — |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | 1 |
Total before tax | 21 |  |  | (7) |  |  | (3) |  |  | — |  |  | 1 |  |  | 12 |
Tax (provision) benefit | (3) |  |  | 1 |  |  | 1 |  |  | — |  |  | — |  |  | (1) |
Total amount reclassified from AOCI, net of tax | 18 |  |  | (6) |  |  | (2) |  |  | — |  |  | 1 |  |  | 11 |
Other comprehensive income (loss) | (202) |  |  | 6 |  |  | (1) |  |  | — |  |  | (1) |  |  | (198) |
Balance, December 31, 2021 | $ | 375 |  |  | $ | (24) |  |  | $ | (21) |  |  | $ | (36) |  |  | $ | 6 |  |  | $ | 300 |
Changes in Accumulated Other Comprehensive Income (Loss) by Component Year Ended December 31, 2020
| 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, 2019 | $ | 352 |  |  | $ | 48 |  |  | $ | (27) |  |  | $ | (38) |  |  | $ | 7 |  |  | $ | 342 |
Effect of adoption of accounting guidance on credit losses | 62 |  |  | (62) |  |  | — |  |  | — |  |  | — |  |  | — |
Other comprehensive income (loss) before reclassifications | 189 |  |  | (29) |  |  | 7 |  |  | 2 |  |  | — |  |  | 169 |
Less: Amounts reclassified from AOCI to: |  |  |  |  |  |  |  |  |  |  |
Net realized investment gains (losses) | 30 |  |  | (16) |  |  | — |  |  | — |  |  | — |  |  | 14 |
Total before tax | 30 |  |  | (16) |  |  | — |  |  | — |  |  | — |  |  | 14 |
Tax (provision) benefit | (4) |  |  | 3 |  |  | — |  |  | — |  |  | — |  |  | (1) |
Total amount reclassified from AOCI, net of tax | 26 |  |  | (13) |  |  | — |  |  | — |  |  | — |  |  | 13 |
Other comprehensive income (loss) | 163 |  |  | (16) |  |  | 7 |  |  | 2 |  |  | — |  |  | 156 |
Balance, December 31, 2020 | $ | 577 |  |  | $ | (30) |  |  | $ | (20) |  |  | $ | (36) |  |  | $ | 7 |  |  | $ | 498 |

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- Definition 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 + Details
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