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Shareholders' Equity (Tables) | 3 Months Ended
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Mar. 31, 2022
Stockholders' Equity Note [Abstract] |
Schedule of amounts related to each component of OCI | The following tables provide the amounts related to each component of OCI:
| Three Months Ended March 31,
| 2022 |  | 2021
| 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) | $ | (1,592) |  |  | $ | 347 |  |  | $ | (1,245) |  |  | $ | (690) |  |  | $ | 152 |  |  | $ | (538) |
Reclassification of net (gains) losses on securities included in net income (2) | (20) |  |  | 4 |  |  | (16) |  |  | (50) |  |  | 11 |  |  | (39) |
Impact of DAC, DSIC, unearned revenue, benefit reserves and reinsurance recoverables | 516 |  |  | (108) |  |  | 408 |  |  | 300 |  |  | (63) |  |  | 237 |
Net unrealized gains (losses) on securities | (1,096) |  |  | 243 |  |  | (853) |  |  | (440) |  |  | 100 |  |  | (340) |
Net unrealized gains (losses) on derivatives: |  |  |  |  |  |  |  |  |  |  |
Net unrealized gains (losses) on derivatives arising during the period | 1 |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | — |
Net unrealized gains (losses) on derivatives | 1 |  |  | — |  |  | 1 |  |  | — |  |  | — |  |  | — |
Defined benefit plans: |  |  |  |  |  |  |  |  |  |  |
Net gains (losses) | — |  |  | — |  |  | — |  |  | 37 |  |  | (8) |  |  | 29 |
Defined benefit plans | — |  |  | — |  |  | — |  |  | 37 |  |  | (8) |  |  | 29 |
Foreign currency translation | (58) |  |  | 12 |  |  | (46) |  |  | (1) |  |  | — |  |  | (1) |
Total other comprehensive income (loss) | $ | (1,153) |  |  | $ | 255 |  |  | $ | (898) |  |  | $ | (404) |  |  | $ | 92 |  |  | $ | (312) |
(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 | The following table presents the changes in the balances of each component of AOCI, net of tax:
| Net Unrealized Gains (Losses) on Securities |  | Net Unrealized Gains (Losses) on Derivatives |  | Defined Benefit Plans |  | Foreign Currency Translation |  | Other |  | Total
| (in millions)
Balance, January 1, 2022 | $ | 318 |  | $ | 4 |  | $ | (151) |  | $ | (167) |  | $ | (1) |  | $ | 3
OCI before reclassifications | (837) |  | 1 |  | — |  | (46) |  | — |  | (882)
Amounts reclassified from AOCI | (16) |  | — |  | — |  | — |  | — |  | (16)
Total OCI | (853) |  | 1 |  | — |  | (46) |  | — |  | (898)
Balance, March 31, 2022 | $ | (535) |  | $ | 5 |  | $ | (151) |  | $ | (213) |  | $ | (1) |  | $ | (895)
| Net Unrealized Gains (Losses) on Securities |  | Net Unrealized Gains (Losses) on Derivatives |  | Defined Benefit Plans |  | Foreign Currency Translation |  | Other |  | Total
| (in millions)
Balance, January 1, 2021 | $ | 983 |  | $ | 5 |  | $ | (204) |  | $ | (154) |  | $ | (1) |  | $ | 629
OCI before reclassifications | (301) |  | — |  | 29 |  | (1) |  | — |  | (273)
Amounts reclassified from AOCI | (39) |  | — |  | — |  | — |  | — |  | (39)
Total OCI | (340) |  | — |  | 29 |  | (1) |  | — |  | (312)
Balance, March 31, 2021 | $ | 643 |  | $ | 5 |  | $ | (175) |  | $ | (155) |  | $ | (1) |  | $ | 317

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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 + Details
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