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Shareholders' Equity (Tables)

9 Months Ended

Sep. 30, 2021

Stockholders' Equity Note [Abstract]

Schedule of amounts related to each component of OCI

			Three Months Ended September 30,
			2021												2020
			Pretax			Income Tax Benefit (Expense)			Net of Tax						Pretax			Income Tax Benefit (Expense)			Net of Tax
			(in millions)
Net unrealized gains (losses) on securities:
Net unrealized gains (losses) on securities arising during the period (1)			$	(79)		$	21		$	(58)					$	225		$	(53)		$	172
Reclassification of net (gains) losses on securities included in net income (2)			(502)			105			(397)						(4)			1			(3)
Impact of DAC, DSIC, unearned revenue, benefit reserves and reinsurance recoverables			147			(31)			116						(94)			20			(74)
Net unrealized gains (losses) on securities			(434)			95			(339)						127			(32)			95
Foreign currency translation			(28)			6			(22)						27			—			27
Total other comprehensive income (loss)			$	(462)		$	101		$	(361)					$	154		$	(32)		$	122

			Nine Months Ended September 30,
			2021																		2020
			Pretax						Income Tax Benefit (Expense)						Net of Tax						Pretax						Income Tax Benefit (Expense)						Net of Tax
			(in millions)
Net unrealized gains (losses) on securities:
Net unrealized gains (losses) on securities arising during the period (1)			$	(433)					$	108					$	(325)					$	562					$	(118)					$	444
Reclassification of net (gains) losses on securities included in net income (2)			(553)						116						(437)						—						—						—
Impact of DAC, DSIC, unearned revenue, benefit reserves and reinsurance recoverables			284						(60)						224						(223)						47						(176)
Net unrealized gains (losses) on securities			(702)						164						(538)						339						(71)						268
Defined benefit plans			37						(8)						29						—						—						—
Foreign currency translation			(27)						6						(21)						(15)						1						(14)
Total other comprehensive income (loss)			$	(692)					$	162					$	(530)					$	324					$	(70)					$	254

(1) Includes impairments on Available-for-Sale securities related to factors other than credit that were recognized in OCI during the period.

(2) Reclassification amounts are recorded in net investment income.

Schedule of changes in the balances of each component of AOCI

			Net Unrealized Gains (Losses) on Securities						Net Unrealized Gains (Losses) on Derivatives						Defined Benefit Plans						Foreign Currency Translation						Other						Total
			(in millions)
Balance, July 1, 2021			$	784					$	5					$	(175)					$	(153)					$	(1)					$	460
OCI before reclassifications			58						—						—						(22)						—						36
Amounts reclassified from AOCI			(397)						—						—						—						—						(397)
Total OCI			(339)						—						—						(22)						—						(361)
Balance, September 30, 2021			$	445					$	5					$	(175)					$	(175)					$	(1)					$	99
Balance, January 1, 2021			$	983					$	5					$	(204)					$	(154)					$	(1)					$	629
OCI before reclassifications			(101)						—						29						(21)						—						(93)
Amounts reclassified from AOCI			(437)						—						—						—						—						(437)
Total OCI			(538)						—						29						(21)						—						(530)
Balance, September 30, 2021			$	445					$	5					$	(175)					$	(175)					$	(1)					$	99

			Net Unrealized Gains (Losses) on Securities						Net Unrealized Gains (Losses) on Derivatives						Defined Benefit Plans						Foreign Currency Translation						Other						Total
			(in millions)
Balance, July 1, 2020			$	749					$	6					$	(138)					$	(222)					$	(1)					$	394
OCI before reclassifications			98						—						—						27						—						125
Amounts reclassified from AOCI			(3)						—						—						—						—						(3)
Total OCI			95						—						—						27						—						122
Balance, September 30, 2020			$	844					$	6					$	(138)					$	(195)					$	(1)					$	516
Balance, January 1, 2020			$	576					$	6					$	(138)					$	(181)					$	(1)					$	262
OCI before reclassifications			268						—						—						(14)						—						254
Total OCI			268						—						—						(14)						—						254
Balance, September 30, 2020			$	844					$	6					$	(138)					$	(195)					$	(1)					$	516

X

- 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 http://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 http://asc.fasb.org/extlink&oid=124509347&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 http://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900

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- Definition

Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=124509347&loc=d3e526-108580

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