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Revision of Prior Period Financial Statements | 12 Months Ended
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Dec. 31, 2022
Accounting Changes and Error Corrections [Abstract] |
Revision of Prior Period Financial Statements | Revision of Prior Period Financial Statements The Company revised prior period Consolidated Financial Statements to correct shadow unearned revenue liability balances associated with universal life insurance products for which the error began prior to the periods presented below. See Note 1 for additional information. A summary of the revision to our previously reported Consolidated Financial Statements is presented below: Revised Consolidated Balance Sheet
| December 31, 2021
| As Reported |  | Impact of Revision |  | As Revised
(in millions)
Other assets | $ | 11,444 |  |  | $ | (69) |  |  | $ | 11,375 |
Total assets | 175,979 |  |  | (69) |  |  | 175,910 |
Other liabilities | 8,966 |  |  | (325) |  |  | 8,641 |
Total liabilities | 170,294 |  |  | (325) |  |  | 169,969 |
Accumulated other comprehensive income (loss), net of tax | 3 |  |  | 256 |  |  | 259 |
Total equity | 5,685 |  |  | 256 |  |  | 5,941 |
Total liabilities and equity | 175,979 |  |  | (69) |  |  | 175,910 |
Revised Consolidated Statements of Comprehensive Income
| Years Ended December 31,
2021 |  | 2020
As Reported |  | Impact of Revision |  | As Revised |  | As Reported |  | Impact of Revision |  | As Revised
(in millions)
Net unrealized gains (losses) on securities | $ | (665) |  |  | $ | (8) |  |  | $ | (673) |  |  | $ | 407 |  |  | $ | 82 |  |  | $ | 489 |
Total other comprehensive income (loss), net of tax | (626) |  |  | (8) |  |  | (634) |  |  | 367 |  |  | 82 |  |  | 449 |
Total comprehensive income (loss) | 2,134 |  |  | (8) |  |  | 2,126 |  |  | 1,901 |  |  | 82 |  |  | 1,983 |
Revised Consolidated Statements of Equity
| As Reported |  |  |  | As Revised
| Accumulated Other Comprehensive Income (Loss) |  | Total Equity |  | Impact of Revision |  | Accumulated Other Comprehensive Income (Loss) |  | Total Equity
(in millions)
Balances at January 1, 2020 | $ | 262 |  |  | $ | 5,729 |  |  | $ | 182 |  |  | $ | 444 |  |  | $ | 5,911 |
Other comprehensive income, net of tax | 367 |  |  | 367 |  |  | 82 |  |  | 449 |  |  | 449 |
Balances at December 31, 2020 | 629 |  |  | 5,867 |  |  | 264 |  |  | 893 |  |  | 6,131 |
Other comprehensive loss, net of tax | (626) |  |  | (626) |  |  | (8) |  |  | (634) |  |  | (634) |
Balances at December 31, 2021 | 3 |  |  | 5,685 |  |  | 256 |  |  | 259 |  |  | 5,941 |

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- Definition The entire disclosure for reporting error correction. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22644-107794 + Details
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