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Derivatives (Tables) | 6 Months Ended
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Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Primary Risks Managed by Derivatives | The following table presents the primary underlying risk exposure, gross notional amount and estimated fair value of the Company’s derivatives, excluding embedded derivatives, held at:
|  |  |  | June 30, 2022 |  | December 31, 2021
|  | Primary Underlying Risk Exposure |  | Gross Notional Amount |  | Estimated Fair Value |  | Gross Notional Amount |  | Estimated Fair Value
|  | Assets |  | Liabilities |  | Assets |  | Liabilities
|  |  |  | (In millions)
Derivatives Designated as Hedging Instruments: |  |  |  |  |  |  |  |  |  |  |  |
Fair value hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  | Interest rate |  | $ | 4,331 |  |  | $ | 1,683 |  |  | $ | 313 |  |  | $ | 3,550 |  |  | $ | 2,164 |  |  | $ | 6 |
Foreign currency swaps |  | Foreign currency exchange rate |  | 735 |  |  | 81 |  |  | — |  |  | 801 |  |  | 11 |  |  | 23 |
Foreign currency forwards |  | Foreign currency exchange rate |  | 1,536 |  |  | — |  |  | 154 |  |  | 1,636 |  |  | — |  |  | 58 |
Subtotal |  |  |  | 6,602 |  |  | 1,764 |  |  | 467 |  |  | 5,987 |  |  | 2,175 |  |  | 87 |
Cash flow hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  | Interest rate |  | 3,778 |  |  | 14 |  |  | — |  |  | 4,117 |  |  | 6 |  |  | 1 |
Interest rate forwards |  | Interest rate |  | 8,042 |  |  | — |  |  | 958 |  |  | 6,889 |  |  | 89 |  |  | 119 |
Foreign currency swaps |  | Foreign currency exchange rate |  | 42,653 |  |  | 3,159 |  |  | 1,938 |  |  | 41,095 |  |  | 1,600 |  |  | 1,557 |
Subtotal |  |  |  | 54,473 |  |  | 3,173 |  |  | 2,896 |  |  | 52,101 |  |  | 1,695 |  |  | 1,677 |
Net investment in a foreign operation (“NIFO”) hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency forwards |  | Foreign currency exchange rate |  | 249 |  |  | 25 |  |  | — |  |  | — |  |  | — |  |  | — |
Currency options |  | Foreign currency exchange rate |  | 3,000 |  |  | 319 |  |  | — |  |  | 3,000 |  |  | 139 |  |  | — |
Subtotal |  |  |  | 3,249 |  |  | 344 |  |  | — |  |  | 3,000 |  |  | 139 |  |  | — |
Total qualifying hedges |  | 64,324 |  |  | 5,281 |  |  | 3,363 |  |  | 61,088 |  |  | 4,009 |  |  | 1,764 |
Derivatives Not Designated or Not Qualifying as Hedging Instruments: |  |  |  |  |  |  |  |  |  |  |  |
Interest rate swaps |  | Interest rate |  | 33,956 |  |  | 2,006 |  |  | 887 |  |  | 38,860 |  |  | 3,644 |  |  | 115 |
Interest rate floors |  | Interest rate |  | 8,351 |  |  | 35 |  |  | — |  |  | 7,701 |  |  | 145 |  |  | — |
Interest rate caps |  | Interest rate |  | 66,410 |  |  | 739 |  |  | — |  |  | 65,559 |  |  | 124 |  |  | — |
Interest rate futures |  | Interest rate |  | 1,106 |  |  | 1 |  |  | 7 |  |  | 1,615 |  |  | 4 |  |  | — |
Interest rate options |  | Interest rate |  | 20,304 |  |  | 553 |  |  | 43 |  |  | 11,754 |  |  | 493 |  |  | 10 |
Interest rate forwards |  | Interest rate |  | 450 |  |  | — |  |  | 102 |  |  | 374 |  |  | — |  |  | 26 |
Interest rate total return swaps |  | Interest rate |  | 1,048 |  |  | — |  |  | 109 |  |  | 1,048 |  |  | 9 |  |  | 4 |
Synthetic GICs |  | Interest rate |  | 44,841 |  |  | — |  |  | — |  |  | 40,121 |  |  | — |  |  | — |
Foreign currency swaps |  | Foreign currency exchange rate |  | 13,392 |  |  | 1,426 |  |  | 466 |  |  | 12,787 |  |  | 768 |  |  | 614 |
Foreign currency forwards |  | Foreign currency exchange rate |  | 18,043 |  |  | 150 |  |  | 1,330 |  |  | 16,230 |  |  | 36 |  |  | 666 |
Currency futures |  | Foreign currency exchange rate |  | 727 |  |  | 3 |  |  | — |  |  | 839 |  |  | — |  |  | 2 |
Currency options |  | Foreign currency exchange rate |  | — |  |  | — |  |  | — |  |  | 900 |  |  | — |  |  | — |
Credit default swaps — purchased |  | Credit |  | 2,993 |  |  | 28 |  |  | 84 |  |  | 3,042 |  |  | 13 |  |  | 113 |
Credit default swaps — written |  | Credit |  | 11,786 |  |  | 35 |  |  | 84 |  |  | 8,626 |  |  | 177 |  |  | 12 |
Equity futures |  | Equity market |  | 3,592 |  |  | 38 |  |  | 8 |  |  | 4,204 |  |  | 12 |  |  | 5 |
Equity index options |  | Equity market |  | 26,013 |  |  | 1,065 |  |  | 360 |  |  | 29,743 |  |  | 1,004 |  |  | 458 |
Equity variance swaps |  | Equity market |  | 692 |  |  | 17 |  |  | 12 |  |  | 699 |  |  | 17 |  |  | 13 |
Equity total return swaps |  | Equity market |  | 3,060 |  |  | 206 |  |  | — |  |  | 3,025 |  |  | 11 |  |  | 50 |
Total non-designated or nonqualifying derivatives |  | 256,764 |  |  | 6,302 |  |  | 3,492 |  |  | 247,127 |  |  | 6,457 |  |  | 2,088 |
Total |  |  |  | $ | 321,088 |  |  | $ | 11,583 |  |  | $ | 6,855 |  |  | $ | 308,215 |  |  | $ | 10,466 |  |  | $ | 3,852 |
The Effects of Derivatives on the Interim Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) | The following table presents the interim condensed consolidated financial statement location and amount of gain (loss) recognized on fair value, cash flow, NIFO, nonqualifying hedging relationships and embedded derivatives:
|  | Three Months Ended June 30, 2022
|  | Net Investment Income |  | Net Investment Gains (Losses) |  | Net Derivative Gains (Losses) |  | Policyholder Benefits and Claims |  | Interest Credited to Policyholder Account Balances |  | Other Expenses |  | OCI
|  | (In millions)
Gain (Loss) on Fair Value Hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate derivatives: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivatives designated as hedging instruments (1) |  | $ | 3 |  |  | $ | — |  |  | $ | — |  |  | $ | (408) |  |  | $ | (10) |  |  | $ | — |  |  | N/A
Hedged items |  | (4) |  |  | — |  |  | — |  |  | 388 |  |  | 9 |  |  | — |  |  | N/A
Foreign currency exchange rate derivatives: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivatives designated as hedging instruments (1) |  | 61 |  |  | (170) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | N/A
Hedged items |  | (61) |  |  | 165 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | N/A
Amount excluded from the assessment of hedge effectiveness |  | — |  |  | 28 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | N/A
Subtotal |  | (1) |  |  | 23 |  |  | — |  |  | (20) |  |  | (1) |  |  | — |  |  | N/A
Gain (Loss) on Cash Flow Hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate derivatives: (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amount of gains (losses) deferred in AOCI |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | $ | (903) |
Amount of gains (losses) reclassified from AOCI into income |  | 16 |  |  | 42 |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | (59) |
Foreign currency exchange rate derivatives: (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amount of gains (losses) deferred in AOCI |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | 749 |
Amount of gains (losses) reclassified from AOCI into income |  | 1 |  |  | (690) |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | 688 |
Foreign currency transaction gains (losses) on hedged items |  | — |  |  | 682 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Credit derivatives: (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amount of gains (losses) deferred in AOCI |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | — |
Amount of gains (losses) reclassified from AOCI into income |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Subtotal |  | 17 |  |  | 34 |  |  | — |  |  | — |  |  | — |  |  | 2 |  |  | 475 |
Gain (Loss) on NIFO Hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency exchange rate derivatives (1) |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | 168 |
Non-derivative hedging instruments |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | 37 |
Subtotal |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | 205 |
Gain (Loss) on Derivatives Not Designated or Not Qualifying as Hedging Instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate derivatives (1) |  | 2 |  |  | — |  |  | (1,494) |  |  | (27) |  |  | — |  |  | — |  |  | N/A
Foreign currency exchange rate derivatives (1) |  | 1 |  |  | — |  |  | (664) |  |  | (1) |  |  | — |  |  | — |  |  | N/A
Credit derivatives — purchased (1) |  | — |  |  | — |  |  | 46 |  |  | — |  |  | — |  |  | — |  |  | N/A
Credit derivatives — written (1) |  | — |  |  | — |  |  | (195) |  |  | — |  |  | — |  |  | — |  |  | N/A
Equity derivatives (1) |  | 36 |  |  | — |  |  | 590 |  |  | 187 |  |  | — |  |  | — |  |  | N/A
Foreign currency transaction gains (losses) on hedged items |  | — |  |  | — |  |  | 176 |  |  | — |  |  | — |  |  | — |  |  | N/A
Subtotal |  | 39 |  |  | — |  |  | (1,541) |  |  | 159 |  |  | — |  |  | — |  |  | N/A
Earned income on derivatives |  | 140 |  |  | — |  |  | 249 |  |  | 46 |  |  | (37) |  |  | — |  |  | — |
Embedded derivatives (2) |  | N/A |  | N/A |  | 97 |  |  | — |  |  | N/A |  | N/A |  | N/A
Total |  | $ | 195 |  |  | $ | 57 |  |  | $ | (1,195) |  |  | $ | 185 |  |  | $ | (38) |  |  | $ | 2 |  |  | $ | 680 |
|  | Three Months Ended June 30, 2021
|  | Net Investment Income |  | Net Investment Gains (Losses) |  | Net Derivative Gains (Losses) |  | Policyholder Benefits and Claims |  | Interest Credited to Policyholder Account Balances |  | Other Expenses |  | OCI
|  | (In millions)
Gain (Loss) on Fair Value Hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate derivatives: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivatives designated as hedging instruments (1) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 237 |  |  | $ | — |  |  | $ | — |  |  | N/A
Hedged items |  | 1 |  |  | — |  |  | — |  |  | (242) |  |  | — |  |  | — |  |  | N/A
Foreign currency exchange rate derivatives: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivatives designated as hedging instruments (1) |  | (1) |  |  | (7) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | N/A
Hedged items |  | 1 |  |  | 7 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | N/A
Amount excluded from the assessment of hedge effectiveness |  | — |  |  | (2) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | N/A
Subtotal |  | 1 |  |  | (2) |  |  | — |  |  | (5) |  |  | — |  |  | — |  |  | N/A
Gain (Loss) on Cash Flow Hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate derivatives: (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amount of gains (losses) deferred in AOCI |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | $ | 510 |
Amount of gains (losses) reclassified from AOCI into income |  | 15 |  |  | 19 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (34) |
Foreign currency exchange rate derivatives: (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amount of gains (losses) deferred in AOCI |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | 322 |
Amount of gains (losses) reclassified from AOCI into income |  | 1 |  |  | 95 |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | (97) |
Foreign currency transaction gains (losses) on hedged items |  | — |  |  | (95) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Credit derivatives: (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amount of gains (losses) deferred in AOCI |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | (4) |
Amount of gains (losses) reclassified from AOCI into income |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Subtotal |  | 16 |  |  | 19 |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | 697 |
Gain (Loss) on NIFO Hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency exchange rate derivatives (1) |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | 17 |
Non-derivative hedging instruments |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | 2 |
Subtotal |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | 19 |
Gain (Loss) on Derivatives Not Designated or Not Qualifying as Hedging Instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate derivatives (1) |  | — |  |  | — |  |  | 636 |  |  | 8 |  |  | — |  |  | — |  |  | N/A
Foreign currency exchange rate derivatives (1) |  | — |  |  | — |  |  | (123) |  |  | — |  |  | — |  |  | — |  |  | N/A
Credit derivatives — purchased (1) |  | — |  |  | — |  |  | (7) |  |  | — |  |  | — |  |  | — |  |  | N/A
Credit derivatives — written (1) |  | — |  |  | — |  |  | 30 |  |  | — |  |  | — |  |  | — |  |  | N/A
Equity derivatives (1) |  | (15) |  |  | — |  |  | (363) |  |  | (103) |  |  | — |  |  | — |  |  | N/A
Foreign currency transaction gains (losses) on hedged items |  | — |  |  | — |  |  | 7 |  |  | — |  |  | — |  |  | — |  |  | N/A
Subtotal |  | (15) |  |  | — |  |  | 180 |  |  | (95) |  |  | — |  |  | — |  |  | N/A
Earned income on derivatives |  | 27 |  |  | — |  |  | 245 |  |  | 52 |  |  | (38) |  |  | — |  |  | — |
Embedded derivatives (2) |  | N/A |  | N/A |  | (4) |  |  | — |  |  | N/A |  | N/A |  | N/A
Total |  | $ | 29 |  |  | $ | 17 |  |  | $ | 421 |  |  | $ | (48) |  |  | $ | (38) |  |  | $ | 1 |  |  | $ | 716 |
|  | Six Months Ended June 30, 2022
|  | Net Investment Income |  | Net Investment Gains (Losses) |  | Net Derivative Gains (Losses) |  | Policyholder Benefits and Claims |  | Interest Credited to Policyholder Account Balances |  | Other Expenses |  | OCI
|  | (In millions)
Gain (Loss) on Fair Value Hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate derivatives: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivatives designated as hedging instruments (1) |  | $ | 7 |  |  | $ | — |  |  | $ | — |  |  | $ | (860) |  |  | $ | (10) |  |  | $ | — |  |  | N/A
Hedged items |  | (8) |  |  | — |  |  | — |  |  | 823 |  |  | 9 |  |  | — |  |  | N/A
Foreign currency exchange rate derivatives: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivatives designated as hedging instruments (1) |  | 93 |  |  | (251) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | N/A
Hedged items |  | (91) |  |  | 245 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | N/A
Amount excluded from the assessment of hedge effectiveness |  | — |  |  | 61 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | N/A
Subtotal |  | 1 |  |  | 55 |  |  | — |  |  | (37) |  |  | (1) |  |  | — |  |  | N/A
Gain (Loss) on Cash Flow Hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate derivatives: (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amount of gains (losses) deferred in AOCI |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | $ | (1,667) |
Amount of gains (losses) reclassified from AOCI into income |  | 31 |  |  | 60 |  |  | — |  |  | — |  |  | — |  |  | 2 |  |  | (93) |
Foreign currency exchange rate derivatives: (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amount of gains (losses) deferred in AOCI |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | 1,201 |
Amount of gains (losses) reclassified from AOCI into income |  | 3 |  |  | (838) |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | 834 |
Foreign currency transaction gains (losses) on hedged items |  | — |  |  | 828 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Credit derivatives: (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amount of gains (losses) deferred in AOCI |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | — |
Amount of gains (losses) reclassified from AOCI into income |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Subtotal |  | 34 |  |  | 50 |  |  | — |  |  | — |  |  | — |  |  | 3 |  |  | 275 |
Gain (Loss) on NIFO Hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency exchange rate derivatives (1) |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | 211 |
Non-derivative hedging instruments |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | 56 |
Subtotal |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | 267 |
Gain (Loss) on Derivatives Not Designated or Not Qualifying as Hedging Instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate derivatives (1) |  | 3 |  |  | — |  |  | (2,831) |  |  | (56) |  |  | — |  |  | — |  |  | N/A
Foreign currency exchange rate derivatives (1) |  | 2 |  |  | — |  |  | (738) |  |  | (2) |  |  | — |  |  | — |  |  | N/A
Credit derivatives — purchased (1) |  | — |  |  | — |  |  | 92 |  |  | — |  |  | — |  |  | — |  |  | N/A
Credit derivatives — written (1) |  | — |  |  | — |  |  | (245) |  |  | — |  |  | — |  |  | — |  |  | N/A
Equity derivatives (1) |  | 45 |  |  | — |  |  | 751 |  |  | 269 |  |  | — |  |  | — |  |  | N/A
Foreign currency transaction gains (losses) on hedged items |  | — |  |  | — |  |  | 294 |  |  | — |  |  | — |  |  | — |  |  | N/A
Subtotal |  | 50 |  |  | — |  |  | (2,677) |  |  | 211 |  |  | — |  |  | — |  |  | N/A
Earned income on derivatives |  | 223 |  |  | — |  |  | 484 |  |  | 98 |  |  | (72) |  |  | — |  |  | — |
Embedded derivatives (2) |  | N/A |  | N/A |  | 139 |  |  | — |  |  | N/A |  | N/A |  | N/A
Total |  | $ | 308 |  |  | $ | 105 |  |  | $ | (2,054) |  |  | $ | 272 |  |  | $ | (73) |  |  | $ | 3 |  |  | $ | 542 |
|  | Six Months Ended June 30, 2021
|  | Net Investment Income |  | Net Investment Gains (Losses) |  | Net Derivative Gains (Losses) |  | Policyholder Benefits and Claims |  | Interest Credited to Policyholder Account Balances |  | Other Expenses |  | OCI
|  | (In millions)
Gain (Loss) on Fair Value Hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate derivatives: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivatives designated as hedging instruments (1) |  | $ | 3 |  |  | $ | — |  |  | $ | — |  |  | $ | (365) |  |  | $ | — |  |  | $ | — |  |  | N/A
Hedged items |  | (2) |  |  | — |  |  | — |  |  | 331 |  |  | — |  |  | — |  |  | N/A
Foreign currency exchange rate derivatives: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivatives designated as hedging instruments (1) |  | 12 |  |  | (135) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | N/A
Hedged items |  | (11) |  |  | 130 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | N/A
Amount excluded from the assessment of hedge effectiveness |  | — |  |  | (4) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | N/A
Subtotal |  | 2 |  |  | (9) |  |  | — |  |  | (34) |  |  | — |  |  | — |  |  | N/A
Gain (Loss) on Cash Flow Hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate derivatives: (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amount of gains (losses) deferred in AOCI |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | $ | (711) |
Amount of gains (losses) reclassified from AOCI into income |  | 27 |  |  | 48 |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | (76) |
Foreign currency exchange rate derivatives: (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amount of gains (losses) deferred in AOCI |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | 169 |
Amount of gains (losses) reclassified from AOCI into income |  | 4 |  |  | (124) |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | 119 |
Foreign currency transaction gains (losses) on hedged items |  | — |  |  | 116 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Credit derivatives: (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amount of gains (losses) deferred in AOCI |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | (72) |
Amount of gains (losses) reclassified from AOCI into income |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Subtotal |  | 31 |  |  | 40 |  |  | — |  |  | — |  |  | — |  |  | 2 |  |  | (571) |
Gain (Loss) on NIFO Hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency exchange rate derivatives (1) |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | 46 |
Non-derivative hedging instruments |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | 29 |
Subtotal |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | N/A |  | 75 |
Gain (Loss) on Derivatives Not Designated or Not Qualifying as Hedging Instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate derivatives (1) |  | 2 |  |  | — |  |  | (1,614) |  |  | (39) |  |  | — |  |  | — |  |  | N/A
Foreign currency exchange rate derivatives (1) |  | — |  |  | — |  |  | (606) |  |  | 3 |  |  | — |  |  | — |  |  | N/A
Credit derivatives — purchased (1) |  | — |  |  | — |  |  | 12 |  |  | — |  |  | — |  |  | — |  |  | N/A
Credit derivatives — written (1) |  | — |  |  | — |  |  | 35 |  |  | — |  |  | — |  |  | — |  |  | N/A
Equity derivatives (1) |  | (32) |  |  | — |  |  | (1,039) |  |  | (207) |  |  | — |  |  | — |  |  | N/A
Foreign currency transaction gains (losses) on hedged items |  | — |  |  | — |  |  | 232 |  |  | — |  |  | — |  |  | — |  |  | N/A
Subtotal |  | (30) |  |  | — |  |  | (2,980) |  |  | (243) |  |  | — |  |  | — |  |  | N/A
Earned income on derivatives |  | 66 |  |  | — |  |  | 497 |  |  | 105 |  |  | (77) |  |  | — |  |  | — |
Embedded derivatives (2) |  | N/A |  | N/A |  | 669 |  |  | — |  |  | N/A |  | N/A |  | N/A
Total |  | $ | 69 |  |  | $ | 31 |  |  | $ | (1,814) |  |  | $ | (172) |  |  | $ | (77) |  |  | $ | 2 |  |  | $ | (496) |
__________________ (1)Excludes earned income on derivatives. (2)The valuation of guaranteed minimum benefits includes a nonperformanc e risk adjustment. The amounts included in net derivative gains (losses) in connection with this adjustment were $18 million and $4 million for the three months and six months ended June 30, 2022, respectively, and ($8) million and ($51) million for the three months and six months ended June 30, 2021, respectively.
Fair Value Hedges | The following table presents the balance sheet classification, carrying amount and cumulative fair value hedging adjustments for items designated and qualifying as hedged items in fair value hedges:
Balance Sheet Line Item |  | Carrying Amount of the Hedged Assets/(Liabilities) |  |  |  | Cumulative Amount of Fair Value Hedging Adjustments Included in the Carrying Amount of Hedged Assets/(Liabilities) (1) |  |
|  | June 30, 2022 |  | December 31, 2021 |  |  |  | June 30, 2022 |  | December 31, 2021 |  |
|  | (In millions) |  |
Fixed maturity securities AFS |  | $ | 1,752 |  |  | $ | 2,164 |  |  |  |  | $ | — |  |  | $ | (1) |  |  |
Mortgage loans |  | $ | 444 |  |  | $ | 634 |  |  |  |  | $ | (8) |  |  | $ | 3 |  |  |
Future policy benefits |  | $ | (4,087) |  |  | $ | (4,735) |  |  |  |  | $ | (40) |  |  | $ | (877) |  |  |
Policyholder account balances |  | $ | (1,082) |  |  | $ | — |  |  |  |  | $ | 9 |  |  | $ | — |  |  |
__________________ (1)Includes ($149) million and ($161) million of hedging adjustments on discontinued hedging relationships at June 30, 2022 and December 31, 2021, respectively. For the Company’s foreign currency forwards, the change in the estimated fair value of the derivative related to the changes in the difference between the spot price and the forward price is excluded from the assessment of hedge effectiveness. The Company has elected to record changes in estimated fair value of excluded components in earnings. For all other derivatives, all components of each derivative’s gain or loss were included in the assessment of hedge effectiveness.
Schedule of estimated fair value, maximum amount of future payments and weighted average years to maturity of written credit default swaps | The following table presents the estimated fair value, maximum amount of future payments and weighted average years to maturity of written credit default swaps at:
|  | June 30, 2022 |  | December 31, 2021
Rating Agency Designation of Referenced Credit Obligations (1) |  | Estimated Fair Value of Credit Default Swaps |  | Maximum Amount of Future Payments under Credit Default Swaps |  | Weighted Average Years to Maturity (2) |  | Estimated Fair Value of Credit Default Swaps |  | Maximum Amount of Future Payments under Credit Default Swaps |  | Weighted Average Years to Maturity (2)
|  | (Dollars in millions)
Aaa/Aa/A |  |  |  |  |  |  |  |  |  |  |  |
Single name credit default swaps (3) |  | $ | 3 |  |  | $ | 159 |  |  | 2.6 |  | $ | 4 |  |  | $ | 159 |  |  | 3.1
Credit default swaps referencing indices |  | 4 |  |  | 2,742 |  |  | 3.3 |  | 17 |  |  | 1,191 |  |  | 2.5
Subtotal |  | 7 |  |  | 2,901 |  |  | 3.3 |  | 21 |  |  | 1,350 |  |  | 2.6
Baa |  |  |  |  |  |  |  |  |  |  |  |
Single name credit default swaps (3) |  | 2 |  |  | 101 |  |  | 2.7 |  | 2 |  |  | 101 |  |  | 3.4
Credit default swaps referencing indices |  | (46) |  |  | 8,612 |  |  | 5.4 |  | 146 |  |  | 6,988 |  |  | 5.0
Subtotal |  | (44) |  |  | 8,713 |  |  | 5.4 |  | 148 |  |  | 7,089 |  |  | 5.0
Ba |  |  |  |  |  |  |  |  |  |  |  |
Single name credit default swaps (3) |  | — |  |  | 42 |  |  | 2.0 |  | 1 |  |  | 82 |  |  | 1.2
Credit default swaps referencing indices |  | (2) |  |  | 45 |  |  | 4.5 |  | (1) |  |  | 20 |  |  | 5.0
Subtotal |  | (2) |  |  | 87 |  |  | 3.3 |  | — |  |  | 102 |  |  | 2.0
B |  |  |  |  |  |  |  |  |  |  |  |
Credit default swaps referencing indices |  | 1 |  |  | 55 |  |  | 3.5 |  | 5 |  |  | 55 |  |  | 4.0
Subtotal |  | 1 |  |  | 55 |  |  | 3.5 |  | 5 |  |  | 55 |  |  | 4.0
Caa3 |  |  |  |  |  |  |  |  |  |  |  |
Credit default swaps referencing indices |  | (11) |  |  | 30 |  |  | 4.0 |  | (9) |  |  | 30 |  |  | 4.5
Subtotal |  | (11) |  |  | 30 |  |  | 4.0 |  | (9) |  |  | 30 |  |  | 4.5
Total |  | $ | (49) |  |  | $ | 11,786 |  |  | 4.8 |  | $ | 165 |  |  | $ | 8,626 |  |  | 4.6
_________________ (1)The rating agency designations are based on availability and the midpoint of the applicable ratings among Moody’s Investors Service (“Moody’s”), S&P Global Ratings (“S&P”) and Fitch Ratings. If no rating is available from a rating agency, then an internally developed rating is used. (2)The weighted average years to maturity of the credit default swaps is calculated based on weighted average gross notional amounts. (3)Single name credit default swaps may be referenced to the credit of corporations, foreign governments, or municipals.
Estimated Fair Value of Derivative Assets and Liabilities after Master Netting Agreements and Cash Collateral | The estimated fair values of the Company’s net derivative assets and net derivative liabilities after the application of master netting agreements and collateral were as follows at:
|  | June 30, 2022 |  | December 31, 2021
Derivatives Subject to a Master Netting Arrangement or a Similar Arrangement |  | Assets |  | Liabilities |  | Assets |  | Liabilities
|  | (In millions)
Gross estimated fair value of derivatives: |  |  |  |  |  |  |  |
OTC-bilateral (1) |  | $ | 11,608 |  |  | $ | 6,665 |  |  | $ | 10,132 |  |  | $ | 3,798 |
OTC-cleared (1) |  | 73 |  |  | 160 |  |  | 448 |  |  | 24 |
Exchange-traded |  | 42 |  |  | 15 |  |  | 16 |  |  | 7 |
Total gross estimated fair value of derivatives presented on the interim condensed consolidated balance sheets (1) |  | 11,723 |  |  | 6,840 |  |  | 10,596 |  |  | 3,829 |
Gross amounts not offset on the interim condensed consolidated balance sheets: |  |  |  |  |  |  |  |
Gross estimated fair value of derivatives: (2) |  |  |  |  |  |  |  |
OTC-bilateral |  | (4,166) |  |  | (4,166) |  |  | (2,204) |  |  | (2,204) |
OTC-cleared |  | (28) |  |  | (28) |  |  | (6) |  |  | (6) |
Exchange-traded |  | (3) |  |  | (3) |  |  | (2) |  |  | (2) |
Cash collateral: (3), (4) |  |  |  |  |  |  |  |
OTC-bilateral |  | (6,454) |  |  | — |  |  | (6,948) |  |  | — |
OTC-cleared |  | — |  |  | (112) |  |  | (421) |  |  | (13) |
Exchange-traded |  | — |  |  | (12) |  |  | — |  |  | (3) |
Securities collateral: (5) |  |  |  |  |  |  |  |
OTC-bilateral |  | (852) |  |  | (2,442) |  |  | (891) |  |  | (1,473) |
OTC-cleared |  | — |  |  | (19) |  |  | — |  |  | (5) |
Exchange-traded |  | — |  |  | — |  |  | — |  |  | (2) |
Net amount after application of master netting agreements and collateral |  | $ | 220 |  |  | $ | 58 |  |  | $ | 124 |  |  | $ | 121 |
__________________ (1)At June 30, 2022 and December 31, 2021, derivative assets included income (expense) accruals reported in accrued investment income or in other liabilities of $140 million an d $130 million, respectively, and derivative liabilities included (income) expense accruals reported in accrued investment income or in other liabilities of ($15) million and ($23) million, respectively. (2)Estimated fair value of derivatives is limited to the amount that is subject to set-off and includes income or expense accruals. (3)Cash collateral received by the Company for OTC-bilateral and OTC-cleared derivatives, where the centralized clearinghouse treats variation margin as collateral, is included in cash and cash equivalents, short-term investments or in fixed maturity securities AFS, and the obligation to return it is included in payables for collateral under securities loaned and other transactions on the balance sheet. For certain collateral agreements, cash collateral is pledged to the Company as initial margin on its OTC-bilateral derivatives. (4)The receivable for the return of cash collateral provided by the Company is inclusive of initial margin on exchange-traded and OTC-cleared derivatives and is included in premiums, reinsurance and other receivables on the balance sheet. The amount of cash collateral offset in the table above is limited to the net estimated fair value of derivatives after application of netting agreements. At June 30, 2022 and December 31, 2021, the Company received excess cash collateral of $492 million and $172 million, respectively, and provided excess cash collateral of $110 million and $126 million, respectively, which is not included in the table above due to the foregoing limitation. (5)Securities collateral received by the Company is held in separate custodial accounts and is not recorded on the balance sheet. Subject to certain constraints, the Company is permitted by contract to sell or re-pledge this collateral, but at June 30, 2022, none of the collateral had been sold or re-pledged. Securities collateral pledged by the Company is reported in fixed maturity securities AFS on the balance sheet. Subject to certain constraints, the counterparties are permitted by contract to sell or re-pledge this collateral. The amount of securities collateral offset in the table above is limited to the net estimated fair value of derivatives after application of netting agreements and cash collateral. At June 30, 2022 and December 31, 2021, the Company received excess securities collateral with an estimated fair value of $125 million and $160 million, respectively, for its OTC-bilateral derivatives, which are not included in the table above due to the foregoing limitation. At June 30, 2022 and December 31, 2021, the Company provided excess securities collateral with an estimated fair value of $1.1 billion and $243 million, respectively, for its OTC-bilateral derivatives, $1.1 billion and $1.2 billion, respectively, for its OTC-cleared derivatives, and $164 million and $185 million, respectively, for its exchange-traded derivatives, which are not included in the table above due to the foregoing limitation.
Estimated Fair Value of Derivative Assets and Liabilities after Master Netting Agreements and Cash Collateral | The estimated fair values of the Company’s net derivative assets and net derivative liabilities after the application of master netting agreements and collateral were as follows at:
|  | June 30, 2022 |  | December 31, 2021
Derivatives Subject to a Master Netting Arrangement or a Similar Arrangement |  | Assets |  | Liabilities |  | Assets |  | Liabilities
|  | (In millions)
Gross estimated fair value of derivatives: |  |  |  |  |  |  |  |
OTC-bilateral (1) |  | $ | 11,608 |  |  | $ | 6,665 |  |  | $ | 10,132 |  |  | $ | 3,798 |
OTC-cleared (1) |  | 73 |  |  | 160 |  |  | 448 |  |  | 24 |
Exchange-traded |  | 42 |  |  | 15 |  |  | 16 |  |  | 7 |
Total gross estimated fair value of derivatives presented on the interim condensed consolidated balance sheets (1) |  | 11,723 |  |  | 6,840 |  |  | 10,596 |  |  | 3,829 |
Gross amounts not offset on the interim condensed consolidated balance sheets: |  |  |  |  |  |  |  |
Gross estimated fair value of derivatives: (2) |  |  |  |  |  |  |  |
OTC-bilateral |  | (4,166) |  |  | (4,166) |  |  | (2,204) |  |  | (2,204) |
OTC-cleared |  | (28) |  |  | (28) |  |  | (6) |  |  | (6) |
Exchange-traded |  | (3) |  |  | (3) |  |  | (2) |  |  | (2) |
Cash collateral: (3), (4) |  |  |  |  |  |  |  |
OTC-bilateral |  | (6,454) |  |  | — |  |  | (6,948) |  |  | — |
OTC-cleared |  | — |  |  | (112) |  |  | (421) |  |  | (13) |
Exchange-traded |  | — |  |  | (12) |  |  | — |  |  | (3) |
Securities collateral: (5) |  |  |  |  |  |  |  |
OTC-bilateral |  | (852) |  |  | (2,442) |  |  | (891) |  |  | (1,473) |
OTC-cleared |  | — |  |  | (19) |  |  | — |  |  | (5) |
Exchange-traded |  | — |  |  | — |  |  | — |  |  | (2) |
Net amount after application of master netting agreements and collateral |  | $ | 220 |  |  | $ | 58 |  |  | $ | 124 |  |  | $ | 121 |
__________________ (1)At June 30, 2022 and December 31, 2021, derivative assets included income (expense) accruals reported in accrued investment income or in other liabilities of $140 million an d $130 million, respectively, and derivative liabilities included (income) expense accruals reported in accrued investment income or in other liabilities of ($15) million and ($23) million, respectively. (2)Estimated fair value of derivatives is limited to the amount that is subject to set-off and includes income or expense accruals. (3)Cash collateral received by the Company for OTC-bilateral and OTC-cleared derivatives, where the centralized clearinghouse treats variation margin as collateral, is included in cash and cash equivalents, short-term investments or in fixed maturity securities AFS, and the obligation to return it is included in payables for collateral under securities loaned and other transactions on the balance sheet. For certain collateral agreements, cash collateral is pledged to the Company as initial margin on its OTC-bilateral derivatives. (4)The receivable for the return of cash collateral provided by the Company is inclusive of initial margin on exchange-traded and OTC-cleared derivatives and is included in premiums, reinsurance and other receivables on the balance sheet. The amount of cash collateral offset in the table above is limited to the net estimated fair value of derivatives after application of netting agreements. At June 30, 2022 and December 31, 2021, the Company received excess cash collateral of $492 million and $172 million, respectively, and provided excess cash collateral of $110 million and $126 million, respectively, which is not included in the table above due to the foregoing limitation. (5)Securities collateral received by the Company is held in separate custodial accounts and is not recorded on the balance sheet. Subject to certain constraints, the Company is permitted by contract to sell or re-pledge this collateral, but at June 30, 2022, none of the collateral had been sold or re-pledged. Securities collateral pledged by the Company is reported in fixed maturity securities AFS on the balance sheet. Subject to certain constraints, the counterparties are permitted by contract to sell or re-pledge this collateral. The amount of securities collateral offset in the table above is limited to the net estimated fair value of derivatives after application of netting agreements and cash collateral. At June 30, 2022 and December 31, 2021, the Company received excess securities collateral with an estimated fair value of $125 million and $160 million, respectively, for its OTC-bilateral derivatives, which are not included in the table above due to the foregoing limitation. At June 30, 2022 and December 31, 2021, the Company provided excess securities collateral with an estimated fair value of $1.1 billion and $243 million, respectively, for its OTC-bilateral derivatives, $1.1 billion and $1.2 billion, respectively, for its OTC-cleared derivatives, and $164 million and $185 million, respectively, for its exchange-traded derivatives, which are not included in the table above due to the foregoing limitation.
Estimated Fair Value of OTC-bilateral derivatives after considering effect of netting agreements | The following table presents the estimated fair value of the Company’s OTC-bilateral derivatives that were in a net liability position after considering the effect of netting agreements, together with the estimated fair value and balance sheet location of the collateral pledged.
|  | June 30, 2022 |  | December 31, 2021
|  | Derivatives Subject to Credit- Contingent Provisions |  | Derivatives Not Subject to Credit- Contingent Provisions |  | Total |  | Derivatives Subject to Credit- Contingent Provisions |  | Derivatives Not Subject to Credit- Contingent Provisions |  | Total
|  | (In millions)
Estimated fair value of derivatives in a net liability position (1) |  | $ | 2,340 |  |  | $ | 159 |  |  | $ | 2,499 |  |  | $ | 1,386 |  |  | $ | 209 |  |  | $ | 1,595 |
Estimated fair value of collateral provided: |  |  |  |  |  |  |  |  |  |  |  |
Fixed maturity securities AFS |  | $ | 2,656 |  |  | $ | 123 |  |  | $ | 2,779 |  |  | $ | 1,370 |  |  | $ | 221 |  |  | $ | 1,591 |
__________________ (1)After taking into consideration the existence of netting agreements. The following table presents the estimated fair value and balance sheet location of the Company’s embedded derivatives that have been separated from their host contracts at:
|  | Balance Sheet Location |  | June 30, 2022 |  | December 31, 2021
|  |  |  | (In millions)
Embedded derivatives within asset host contracts: |  |  |  |  |  |
Ceded guaranteed minimum benefits |  | Premiums, reinsurance and other receivables |  | $ | 35 |  |  | $ | 38 |
Embedded derivatives within liability host contracts: |  |  |  |  |  |
Direct guaranteed minimum benefits |  | Policyholder account balances |  | $ | 317 |  |  | $ | 324 |
Assumed guaranteed minimum benefits |  | Policyholder account balances |  | 97 |  |  | 98 |
Funds withheld and guarantees on reinsurance |  | Other liabilities |  | (25) |  |  | 57 |
Fixed annuities with equity indexed returns |  | Policyholder account balances |  | 142 |  |  | 165 |
Other guarantees |  | Policyholder account balances |  | — |  |  | 5 |
Embedded derivatives within liability host contracts |  | $ | 531 |  |  | $ | 649 |
Embedded Derivatives [Table Text Block] | The following table presents the estimated fair value of the Company’s OTC-bilateral derivatives that were in a net liability position after considering the effect of netting agreements, together with the estimated fair value and balance sheet location of the collateral pledged.
|  | June 30, 2022 |  | December 31, 2021
|  | Derivatives Subject to Credit- Contingent Provisions |  | Derivatives Not Subject to Credit- Contingent Provisions |  | Total |  | Derivatives Subject to Credit- Contingent Provisions |  | Derivatives Not Subject to Credit- Contingent Provisions |  | Total
|  | (In millions)
Estimated fair value of derivatives in a net liability position (1) |  | $ | 2,340 |  |  | $ | 159 |  |  | $ | 2,499 |  |  | $ | 1,386 |  |  | $ | 209 |  |  | $ | 1,595 |
Estimated fair value of collateral provided: |  |  |  |  |  |  |  |  |  |  |  |
Fixed maturity securities AFS |  | $ | 2,656 |  |  | $ | 123 |  |  | $ | 2,779 |  |  | $ | 1,370 |  |  | $ | 221 |  |  | $ | 1,591 |
__________________ (1)After taking into consideration the existence of netting agreements. The following table presents the estimated fair value and balance sheet location of the Company’s embedded derivatives that have been separated from their host contracts at:
|  | Balance Sheet Location |  | June 30, 2022 |  | December 31, 2021
|  |  |  | (In millions)
Embedded derivatives within asset host contracts: |  |  |  |  |  |
Ceded guaranteed minimum benefits |  | Premiums, reinsurance and other receivables |  | $ | 35 |  |  | $ | 38 |
Embedded derivatives within liability host contracts: |  |  |  |  |  |
Direct guaranteed minimum benefits |  | Policyholder account balances |  | $ | 317 |  |  | $ | 324 |
Assumed guaranteed minimum benefits |  | Policyholder account balances |  | 97 |  |  | 98 |
Funds withheld and guarantees on reinsurance |  | Other liabilities |  | (25) |  |  | 57 |
Fixed annuities with equity indexed returns |  | Policyholder account balances |  | 142 |  |  | 165 |
Other guarantees |  | Policyholder account balances |  | — |  |  | 5 |
Embedded derivatives within liability host contracts |  | $ | 531 |  |  | $ | 649 |

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- Definition Tabular disclosure of credit derivatives which includes information by sellers of credit derivatives, about each credit derivative, or each group of similar credit derivatives, including (a) the nature of the credit derivative - its term, how it arose, the events or circumstances that would require the seller to perform under the credit derivative, and the current status of the payment/performance risk of the credit derivative; (b) the maximum potential amount of future payments (undiscounted) the seller could be required to make under the credit derivative; (c) the current fair value of the credit derivative; and (d) the nature of any recourse provisions under the credit derivative, and any assets held either as collateral or by third parties. A credit derivative is a derivative instrument (1) in which one or more of its underlyings are related to the credit risk of a specified entity (or a group of entities) or an index based on the credit risk of a group of entities and (2) that exposes the seller to potential loss from credit-risk-related events specified in the contract. Examples of credit derivatives within the scope of this paragraph include, but are not limited to, credit default swaps, credit spread options, and credit index products; also includes a hybrid instrument that has an embedded credit derivative (for example, but not limited to, a credit-linked note). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4J -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5708773-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4K -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5708775-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4L -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5708777-113959 + Details
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- Definition Tabular disclosure of derivative and other financial assets that are subject to offsetting, including master netting arrangements. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=51824906&loc=SL20225877-175312 + Details
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- Definition Tabular disclosure of derivative and other financial liabilities that are subject to offsetting, including master netting arrangements. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=51824906&loc=SL20225877-175312 + Details
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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4E -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624181-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5618551-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5580258-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41620-113959 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41638-113959 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41678-113959 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41641-113959 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5579240-113959 + Details
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- Definition Tabular disclosure of derivative instruments (including nonderivative instruments that are designated and qualify as hedging instruments) of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5618551-113959 + Details
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- Definition Tabular disclosure for fair value hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 + Details
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