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Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2019
Segment Reporting [Abstract] |
Schedule of segment reporting information [Table Text Block] | The following tables summarize selected financial information by segment and reconcile segment totals to those reported on the consolidated financial statements:
| September 30, 2019 |  | December 31, 2018
(in millions)
Advice & Wealth Management | $ | 16,419 |  |  | $ | 14,480 |
Asset Management | 7,759 |  |  | 7,558 |
Annuities | 97,140 |  |  | 88,771 |
Protection | 16,198 |  |  | 17,126 |
Corporate & Other | 10,011 |  |  | 9,281 |
Assets held for sale | 1,986 |  |  | — |
Total assets | $ | 149,513 |  |  | $ | 137,216 |
| Three Months Ended September 30, |  | Nine Months Ended September 30,
2019 |  | 2018 | 2019 |  | 2018
(in millions)
Adjusted operating net revenues: |  |  |  |  |  |  |
Advice & Wealth Management | $ | 1,682 |  |  | $ | 1,564 |  |  | $ | 4,889 |  |  | $ | 4,608 |
Asset Management | 742 |  |  | 772 |  |  | 2,143 |  |  | 2,305 |
Annuities | 617 |  |  | 628 |  |  | 1,841 |  |  | 1,863 |
Protection | 265 |  |  | 328 |  |  | 786 |  |  | 836 |
Corporate & Other | 356 |  |  | 330 |  |  | 1,050 |  |  | 987 |
Less: Eliminations (1)(2) | 362 |  |  | 354 |  |  | 1,044 |  |  | 1,073 |
Total segment adjusted operating net revenues | 3,300 |  |  | 3,268 |  |  | 9,665 |  |  | 9,526 |
Net realized gains (losses) | (13 | ) |  | 4 |  |  | (4 | ) |  | 15 |
Revenue attributable to consolidated investment entities | 22 |  |  | 22 |  |  | 67 |  |  | 93 |
Market impact on IUL benefits, net | 17 |  |  | (8 | ) |  | (8 | ) |  | (5 | )
Market impact of hedges on investments | (9 | ) |  | 6 |  |  | (37 | ) |  | 27 |
Integration and restructuring charges | — |  |  | — |  |  | (3 | ) |  | — |
Total net revenues per Consolidated Statements of Operations | $ | 3,317 |  |  | $ | 3,292 |  |  | $ | 9,680 |  |  | $ | 9,656 |
(1) | Represents the elimination of intersegment revenues recognized for the three months ended September 30, 2019 and 2018 in each segment as follows: Advice & Wealth Management ($240 million and $235 million, respectively); Asset Management ($13 million and $13 million, respectively); Annuities ($94 million and $91 million, respectively); Protection ($16 million and $17 million, respectively); and Corporate & Other ($(1) million and $(2) million, respectively).
(2) | Represents the elimination of intersegment revenues recognized for the nine months ended September 30, 2019 and 2018 in each segment as follows: Advice & Wealth Management ($689 million and $722 million, respectively); Asset Management ($40 million and $37 million, respectively); Annuities ($273 million and $271 million, respectively); Protection ($46 million and $46 million, respectively); and Corporate & Other ($(4) million and $(3) million, respectively).
| Three Months Ended September 30, |  | Nine Months Ended September 30,
2019 |  | 2018 | 2019 |  | 2018
(in millions)
Adjusted operating earnings: |  |  |  |  |  |  |
Advice & Wealth Management | $ | 396 |  |  | $ | 355 |  |  | $ | 1,122 |  |  | $ | 1,021 |
Asset Management | 173 |  |  | 197 |  |  | 483 |  |  | 575 |
Annuities | 120 |  |  | 129 |  |  | 377 |  |  | 377 |
Protection | 57 |  |  | 60 |  |  | 196 |  |  | 188 |
Corporate & Other | (91 | ) |  | (120 | ) |  | (215 | ) |  | (255 | )
Total segment adjusted operating earnings | 655 |  |  | 621 |  |  | 1,963 |  |  | 1,906 |
Net realized gains (losses) | (11 | ) |  | 4 |  |  | (2 | ) |  | 15 |
Net income (loss) attributable to consolidated investment entities | (1 | ) |  | — |  |  | — |  |  | — |
Market impact on variable annuity guaranteed benefits, net | (2 | ) |  | (45 | ) |  | (204 | ) |  | (130 | )
Market impact on IUL benefits, net | 48 |  |  | (13 | ) |  | (29 | ) |  | (8 | )
Market impact on fixed annuity benefits, net | (1 | ) |  | — |  |  | — |  |  | — |
Mean reversion related impacts | (36 | ) |  | 24 |  |  | 18 |  |  | 38 |
Market impact of hedges on investments | (9 | ) |  | 6 |  |  | (37 | ) |  | 27 |
Integration and restructuring charges | (2 | ) |  | (9 | ) |  | (11 | ) |  | (16 | )
Pretax income per Consolidated Statements of Operations | $ | 641 |  |  | $ | 588 |  |  | $ | 1,698 |  |  | $ | 1,832 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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