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Investments (Tables)
 3 Months Ended
Mar. 31, 2022
Investments [Abstract]  
Schedule of Total Investments
Total investments at March 31, 2022 and December 31, 2021 were as follows:
 March 31, 2022December 31, 2021
In millionsCurrentLong-termTotalCurrentLong-termTotal
Debt securities available for sale$2,826 $19,672 $22,498 $3,009 $20,231 $23,240 
Mortgage loans114 804 918 58 844 902 
Other investments33 2,119 2,152 50 1,950 2,000 
Total investments (1)
$2,973 $22,595 $25,568 $3,117 $23,025 $26,142 
_____________________________________________
(1)Includes current investments of $73 million which have been accounted for as assets held for sale in connection with the planned divestiture of the Thailand business and are included in other current assets on the unaudited condensed consolidated balance sheet at March 31, 2022.
Schedule of Debt Securities Available For Sale
Debt securities available for sale at March 31, 2022 and December 31, 2021 were as follows:
In millionsGross
Amortized
Cost		Allowance
for Credit
Losses
Net
Amortized
 Cost
Gross
Unrealized
Gains		Gross
Unrealized
Losses		Fair
Value
March 31, 2022
Debt securities:    
U.S. government securities$2,333 $— $2,333 $21 $(68)$2,286 
States, municipalities and political subdivisions2,526 — 2,526 37 (65)2,498 
U.S. corporate securities10,005 — 10,005 261 (322)9,944 
Foreign securities3,049 (42)3,007 87 (95)2,999 
Residential mortgage-backed securities910 — 910 5 (48)867 
Commercial mortgage-backed securities1,284 — 1,284 8 (67)1,225 
Other asset-backed securities2,706 — 2,706 8 (61)2,653 
Redeemable preferred securities25 — 25 1 — 26 
Total debt securities (1)
$22,838 $(42)$22,796 $428 $(726)$22,498 
December 31, 2021
Debt securities:
U.S. government securities$2,349 $— $2,349 $70 $(3)$2,416 
States, municipalities and political subdivisions2,947 — 2,947 148 (4)3,091 
U.S. corporate securities9,093 — 9,093 682 (40)9,735 
Foreign securities2,821 — 2,821 196 (24)2,993 
Residential mortgage-backed securities870 — 870 15 (10)875 
Commercial mortgage-backed securities1,278 — 1,278 44 (12)1,310 
Other asset-backed securities2,791 — 2,791 14 (13)2,792 
Redeemable preferred securities25 — 25 3 — 28 
Total debt securities (1)
$22,174 $— $22,174 $1,172 $(106)$23,240 
_____________________________________________
(1)Investment risks associated with the Company’s experience-rated products generally do not impact the Company’s consolidated operating results. At March 31, 2022, debt securities with a fair value of $775 million, gross unrealized capital gains of $38 million and gross unrealized capital losses of $13 million and at December 31, 2021, debt securities with a fair value of $864 million, gross unrealized capital gains of $94 million and gross unrealized capital losses of $2 million were included in total debt securities, but support experience-rated products. At March 31, 2022, the Company had debt securities with an allowance for credit losses of $4 million supporting experience-rated products. At December 31, 2021, the Company did not have any debt securities with an allowance for credit losses supporting experience-rated products. Changes in net unrealized capital gains (losses) on these securities are not reflected in accumulated other comprehensive income (loss).
Schedule of Net Amortized Cost and Fair Value of Debt Securities by Contractual Maturity
The net amortized cost and fair value of debt securities at March 31, 2022 are shown below by contractual maturity. Actual maturities may differ from contractual maturities because securities may be restructured, called or prepaid, or the Company intends to sell a security prior to maturity.
In millionsNet
Amortized
Cost		Fair
Value
Due to mature: 
Less than one year$1,228 $1,235 
One year through five years7,165 7,038 
After five years through ten years5,128 4,965 
Greater than ten years4,375 4,515 
Residential mortgage-backed securities910 867 
Commercial mortgage-backed securities1,284 1,225 
Other asset-backed securities2,706 2,653 
Total$22,796 $22,498 
Schedule of Debt Securities In An Unrealized Capital Loss Position
Summarized below are the debt securities the Company held at March 31, 2022 and December 31, 2021 that were in an unrealized capital loss position, aggregated by the length of time the investments have been in that position:
Less than 12 monthsGreater than 12 monthsTotal
In millions, except number of securitiesNumber
of
Securities		Fair
Value		Unrealized
Losses		Number
of
Securities		Fair
Value		Unrealized
Losses		Number
of
Securities		Fair
Value		Unrealized
Losses
March 31, 2022  
Debt securities:  
U.S. government securities389 $1,468 $65 11 $49 $3 400 $1,517 $68 
States, municipalities and political subdivisions728 1,159 61 23 44 4 751 1,203 65 
U.S. corporate securities3,907 4,992 278 339 484 44 4,246 5,476 322 
Foreign securities868 1,325 72 114 159 23 982 1,484 95 
Residential mortgage-backed securities239 606 40 26 80 8 265 686 48 
Commercial mortgage-backed securities326 701 50 55 130 17 381 831 67 
Other asset-backed securities1,261 2,246 57 69 97 4 1,330 2,343 61 
Redeemable preferred securities3 4 — 1 3 — 4 7 — 
Total debt securities 7,721 $12,501 $623 638 $1,046 $103 8,359 $13,547 $726 
December 31, 2021  
Debt securities:  
U.S. government securities43 $242 $2 10 $40 $1 53 $282 $3 
States, municipalities and political subdivisions233 428 3 13 33 1 246 461 4 
U.S. corporate securities1,610 2,296 31 165 238 9 1,775 2,534 40 
Foreign securities449 747 20 57 91 4 506 838 24 
Residential mortgage-backed securities165 593 9 10 36 1 175 629 10 
Commercial mortgage-backed securities188 462 7 35 112 5 223 574 12 
Other asset-backed securities1,011 2,030 12 26 31 1 1,037 2,061 13 
Redeemable preferred securities1 2 — 1 3 — 2 5 — 
Total debt securities 3,700 $6,800 $84 317 $584 $22 4,017 $7,384 $106 
The maturity dates for debt securities in an unrealized capital loss position at March 31, 2022 were as follows:
 Supporting
experience-rated products		Supporting
remaining products		Total
In millionsFair
Value		Unrealized
Losses		Fair
Value		Unrealized
Losses		Fair
Value		Unrealized
Losses
Due to mature:      
Less than one year$2 $— $199 $1 $201 $1 
One year through five years27 1 4,405 193 4,432 194 
After five years through ten years83 6 3,338 217 3,421 223 
Greater than ten years56 4 1,577 128 1,633 132 
Residential mortgage-backed securities4 — 682 48 686 48 
Commercial mortgage-backed securities6 1 825 66 831 67 
Other asset-backed securities14 1 2,329 60 2,343 61 
Total$192 $13 $13,355 $713 $13,547 $726 
Schedule of Activity in Mortgage Loan Portfolio During the three months ended March 31, 2022 and 2021, the Company had the following activity in its mortgage loan portfolio:
Three Months Ended
March 31,
In millions20222021
New mortgage loans$59 $47 
Mortgage loans fully repaid35 90 
Mortgage loans foreclosed— — 
Schedule of Mortgage Loan Amortized Cost and Credit Quality Indicator
Based on the Company’s assessments at March 31, 2022 and December 31, 2021, the amortized cost basis of the Company's mortgage loans within each credit quality indicator by year of origination was as follows:
Amortized Cost Basis by Year of Origination
In millions, except credit quality indicator20222021202020192018PriorTotal
March 31, 2022
1$— $— $— $— $— $26 $26 
2 to 458 255 48 25 66 427 879 
5 and 6— — — — 3 10 13 
7— — — — — — — 
Total$58 $255 $48 $25 $69 $463 $918 
December 31, 2021
1$— $— $— $— $28 $28 
2 to 4255 48 40 72 446 861 
5 and 6— — — 3 10 13 
7— — — — — — 
Total$255 $48 $40 $75 $484 $902 
Schedule of Net Investment Income
Sources of net investment income for the three months ended March 31, 2022 and 2021 were as follows:
Three Months Ended
March 31,
In millions20222021
Debt securities$164 $157 
Mortgage loans11 15 
Other investments77 86 
Gross investment income252 258 
Investment expenses(9)(8)
Net investment income (excluding net realized capital gains or losses)243 250 
Net realized capital gains (losses) (1)
(75)47 
Net investment income (2)
$168 $297 
_____________________________________________
(1)Net realized capital losses include credit-related and yield-related impairment losses on debt securities of $38 million and $18 million, respectively, in the three months ended March 31, 2022. Net realized capital gains are net of yield-related impairment losses on debt securities of $30 million in the three months ended March 31, 2021. There were no credit-related losses on debt securities in the three months ended March 31, 2021.
(2)Net investment income includes $9 million in each of the three-month periods ended March 31, 2022 and 2021 related to investments supporting experience-rated products.
Schedule of Proceeds and Related Gross Realized Capital Gains and Losses From the Sale of Debt Securities
Excluding amounts related to experience-rated products, proceeds from the sale of available-for-sale debt securities and the related gross realized capital gains and losses for the three months ended March 31, 2022 and 2021 were as follows:
Three Months Ended
March 31,
In millions20222021
Proceeds from sales$1,911 $1,348 
Gross realized capital gains14 22 
Gross realized capital losses35 9