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Changes in and Reclassifications From Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2023

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Changes in AOCI, Net of Tax

Changes in AOCI, Net of Tax for the Year Ended December 31, 2023

			Changes in
			Net Unrealized Gain (Loss) on Fixed Maturities, AFS			Unrealized Losses on Fixed Maturities with ACL			Net Gain (Loss) on Cash Flow Hedging Instruments			Foreign Currency Translation Adjustments			Liability for Future Policy Benefits Adjustments			Pension and Other Postretirement Plan Adjustments			AOCI, net of tax
Beginning balance			$	(2,594)		$	(7)		$	40		$	31		$	35		$	(1,346)		$	(3,841)
OCI before reclassifications			1,275			(5)			(25)			8			(13)			(148)			1,092
Amounts reclassified from AOCI			133			4			1			—			—			27			165
OCI, before tax			1,408			(1)			(24)			8			(13)			(121)			1,257
Income tax benefit (expense)			(296)			—			5			(2)			3			25			(265)
OCI, net of tax			1,112			(1)			(19)			6			(10)			(96)			992
Ending balance			$	(1,482)		$	(8)		$	21		$	37		$	25		$	(1,442)		$	(2,849)

Changes in AOCI, Net of Tax for the Year Ended December 31, 2022

			Changes in
			Net Unrealized Gain (Loss) on Fixed Maturities, AFS			Unrealized Losses on Fixed Maturities with ACL			Net Gain (Loss) on Cash Flow Hedging Instruments			Foreign Currency Translation Adjustments			Liability for Future Policy Benefits Adjustments			Pension and Other Postretirement Plan Adjustments			AOCI, net of tax
Beginning balance			$	1,631		$	(2)		$	6		$	41		$	(59)		$	(1,489)		$	128
OCI before reclassifications			(5,630)			(6)			56			(13)			119			119			(5,355)
Amounts reclassified from AOCI			282			—			(13)			—			—			62			331
OCI, before tax			(5,348)			(6)			43			(13)			119			181			(5,024)
Income tax benefit (expense)			1,123			1			(9)			3			(25)			(38)			1,055
OCI, net of tax			(4,225)			(5)			34			(10)			94			143			(3,969)
Ending balance			$	(2,594)		$	(7)		$	40		$	31		$	35		$	(1,346)		$	(3,841)

Changes in AOCI, Net of Tax for the Year ended December 31, 2021

			Changes in
			Net Unrealized Gain (Loss) on Fixed Maturities, AFS			Unrealized Losses on Fixed Maturities with ACL			Net Gain (Loss) on Cash Flow Hedging Instruments			Foreign Currency Translation Adjustments			Liability for Future Policy Benefits Adjustments			Pension and Other Postretirement Plan Adjustments			AOCI, net of tax
Beginning balance			$	2,834		$	(2)		$	12		$	43		$	—		$	(1,717)		$	1,170
Cumulative effect of accounting changes, net of tax [1]			21			—			—			—			(86)			—			(65)
Adjusted balance, beginning of period			2,855			(2)			12			43			(86)			(1,717)			1,105
OCI before reclassifications			(1,315)			—			28			(3)			33			219			(1,038)
Amounts reclassified from AOCI			(234)			—			(36)			—			—			70			(200)
OCI, before tax			(1,549)			—			(8)			(3)			33			289			(1,238)
Income tax benefit (expense)			325			—			2			1			(6)			(61)			261
OCI, net of tax			(1,224)			—			(6)			(2)			27			228			(977)
Ending balance			$	1,631		$	(2)		$	6		$	41		$	(59)		$	(1,489)		$	128

[1] Includes adjustments of $21 for elimination of shadow reserves and ($86) for updating discount rate assumptions for future policy benefit reserves. Refer to Note 1 - Basis of Presentation and Significant Accounting Policies.

Reclassifications from AOCI

Reclassifications from AOCI

AOCI			Amount Reclassified from AOCI									Affected Line Item in the Consolidated Statement of Operations
			For the year ended December 31, 2023			For the year ended December 31, 2022			For the year ended December 31, 2021
Net Unrealized Gain on Fixed Maturities, AFS
Fixed maturities, AFS			$	(133)		$	(282)		$	234		Net realized gains (losses)
			(133)			(282)			234			Total before tax
			(28)			(59)			49			Income tax expense
			$	(105)		$	(223)		$	185		Net income
Unrealized Loss on Fixed Maturities with ACL
Fixed maturities, AFS			$	(4)		$	—		$	—		Net realized gains (losses)
			(4)			—			—			Total before tax
			(1)			—			—			Income tax expense
			$	(3)		$	—		$	—		Net income
Net Gains (Losses) on Cash Flow Hedging Instruments
Interest rate swaps			$	(26)		$	6		$	41		Net investment income
Interest rate swaps			15			(2)			(10)			Interest expense
Foreign currency swaps			10			9			5			Net investment income
			(1)			13			36			Total before tax
			—			3			8			Income tax expense
			$	(1)		$	10		$	28		Net income
Pension and Other Postretirement Plan Adjustments
Amortization of prior service credit			$	7		$	7		$	7		Insurance operating costs and other expenses
Amortization of actuarial loss			(34)			(69)			(77)			Insurance operating costs and other expenses
			(27)			(62)			(70)			Total before tax
			—			(13)			(15)			Income tax expense
			(27)			(49)			(55)			Net income
Total amounts reclassified from AOCI			$	(136)		$	(262)		$	158		Net income

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- References

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- Definition

Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss).

+ References

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- Definition

Tabular disclosure of the components of accumulated other comprehensive income (loss).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482790/220-10-45-14A

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481674/830-30-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481694/830-30-45-20

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