XML 87 R39.htm IDEA: XBRL DOCUMENT v3.21.2

Income Taxes (Tables)

9 Months Ended

Sep. 30, 2021

Income Tax Disclosure [Abstract]

Income Tax Rate Reconciliation

Income Tax Rate Reconciliation
			Three Months Ended September 30,									Nine Months Ended September 30,
			2021			2020						2021			2020
Tax provision at U.S. federal statutory rate			$	122		$	111					$	419		$	308
Tax-exempt interest			(10)			(12)						(31)			(36)
Increase in deferred tax valuation allowance			(1)			6						6			19
Sale of business			—			(8)						(5)			(8)
Earnings on corporate owned life insurance			(5)			(6)						(16)			(3)
Carryback benefit			—			(5)						—			(5)
Tax credits			(8)			(4)						(9)			(4)
Tax law change			1			(6)						(6)			(6)
Other			2			(3)						2			3
Provision for income taxes			$	101		$	73					$	360		$	268

Roll-forward of Unrecognized Tax Benefits

Rollforward of Unrecognized Tax Benefits
			Three Months Ended September 30,									Nine Months Ended September 30,
			2021			2020						2021			2020
Balance, beginning of period			$	15		$	14					$	15		$	14
Gross increases - tax positions in prior period			—			—						—			—
Gross decreases - tax positions in prior period			—			—						—			—
Gross increases - tax positions in current period			5			1						5			1
Lapse of statute of limitations			(5)			—						(5)			—
Balance, end of period			$	15		$	15					$	15		$	15

The entire amount of unrecognized tax benefits, if recognized, would affect the effective tax rate in the period of the release. The Company recognized $5 of its previously unrecognized tax benefits associated with dividends from segregated asset accounts of the life and annuity business sold in 2018. This liability was subject to a tax indemnification agreement and a corresponding receivable included in other assets has been taken down upon lapse of the statute of limitations.

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of unrecognized tax benefits for which a material change is reasonably possible in the next twelve months, typically including the nature of the uncertainty, the event(s) that could cause a material change, and an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made. An unrecognized tax benefit is the difference between a tax position taken in a tax return and the amounts recognized in the financial statements for which it is more likely than not, based on the technical merits of the position, that the tax position will not be sustained upon examination.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32718-109319

+ Details

Name:	us-gaap_SummaryOfPositionsForWhichSignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration