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Fair Value of Assets and Liabilities (Financial Instruments where Carrying Amounts and Fair Values May Differ) (Details) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Mar. 31, 2020
Assets:      
Amortized Cost [1] $ 1,801 $ 1,930  
Assets supporting experience-rated contractholder liabilities [1] 24,027 24,115  
Commercial mortgage and other loans [1] 64,554 65,425  
Policy loans 10,990 11,271  
Other invested assets [1] 18,863 18,125  
Short-term Investments 5,304 7,800  
Cash and cash equivalents 16,099 [1] 13,701 [1] $ 31,646
Accrued investment income [1] 3,063 3,193  
Liabilities:      
Securities sold under agreements to repurchase 9,384 10,894  
Cash collateral for loaned securities 4,673 3,499  
Short-term debt 867 925  
Long-term Debt, Excluding Current Maturities 19,730 19,718  
Fair Value      
Assets:      
Amortized Cost 2,125 2,298  
Assets supporting experience-rated contractholder liabilities 31 39  
Commercial mortgage and other loans 66,932 67,584  
Policy loans 10,990 11,271  
Other invested assets 120 153  
Short-term Investments 1,000 1,490  
Cash and cash equivalents 9,098 8,219  
Accrued investment income 3,063 3,193  
Other assets 3,713 3,520  
Total assets 97,072 97,767  
Liabilities:      
Policyholders’ account balances—investment contracts 106,059 110,473  
Securities sold under agreements to repurchase 9,384 10,894  
Cash collateral for loaned securities 4,673 3,499  
Short-term debt 877 940  
Long-term Debt, Excluding Current Maturities 22,733 23,468  
Notes issued by consolidated VIEs 285 305  
Other liabilities 7,704 7,674  
Separate account liabilities—investment contracts 110,804 109,677  
Total liabilities 262,519 266,930  
Carrying Amount      
Assets:      
Amortized Cost 1,801 1,930  
Assets supporting experience-rated contractholder liabilities 31 39  
Commercial mortgage and other loans 64,054 64,333  
Policy loans 10,990 11,271  
Other invested assets 120 153  
Short-term Investments 1,000 1,490  
Cash and cash equivalents 9,098 8,219  
Accrued investment income 3,063 3,193  
Other assets 3,712 3,517  
Total assets 93,869 94,145  
Liabilities:      
Policyholders’ account balances—investment contracts 104,724 107,526  
Securities sold under agreements to repurchase 9,384 10,894  
Cash collateral for loaned securities 4,673 3,499  
Short-term debt 867 925  
Long-term Debt, Excluding Current Maturities 19,730 19,718  
Notes issued by consolidated VIEs 285 305  
Other liabilities 7,704 7,674  
Separate account liabilities—investment contracts 110,804 109,677  
Total liabilities 258,171 260,218  
Level 1 | Fair Value      
Assets:      
Amortized Cost 0 0  
Assets supporting experience-rated contractholder liabilities 31 39  
Commercial mortgage and other loans 0 0  
Policy loans 0 0  
Other invested assets 0 0  
Short-term Investments 979 1,464  
Cash and cash equivalents 8,641 7,951  
Accrued investment income 0 0  
Other assets 52 154  
Total assets 9,703 9,608  
Liabilities:      
Policyholders’ account balances—investment contracts 0 0  
Securities sold under agreements to repurchase 0 0  
Cash collateral for loaned securities 0 0  
Short-term debt 0 0  
Long-term Debt, Excluding Current Maturities 623 644  
Notes issued by consolidated VIEs 0 0  
Other liabilities 0 0  
Separate account liabilities—investment contracts 0 0  
Total liabilities 623 644  
Level 2 | Fair Value      
Assets:      
Amortized Cost 2,042 2,209  
Assets supporting experience-rated contractholder liabilities 0 0  
Commercial mortgage and other loans 69 107  
Policy loans 0 0  
Other invested assets 120 153  
Short-term Investments 21 26  
Cash and cash equivalents 457 268  
Accrued investment income 3,063 3,193  
Other assets 3,198 2,917  
Total assets 8,970 8,873  
Liabilities:      
Policyholders’ account balances—investment contracts 35,279 36,820  
Securities sold under agreements to repurchase 9,384 10,894  
Cash collateral for loaned securities 4,673 3,499  
Short-term debt 806 794  
Long-term Debt, Excluding Current Maturities 20,979 21,685  
Notes issued by consolidated VIEs 0 0  
Other liabilities 7,655 7,626  
Separate account liabilities—investment contracts 88,027 86,046  
Total liabilities 166,803 167,364  
Level 3 | Fair Value      
Assets:      
Amortized Cost 83 89  
Assets supporting experience-rated contractholder liabilities 0 0  
Commercial mortgage and other loans 66,863 67,477  
Policy loans 10,990 11,271  
Other invested assets 0 0  
Short-term Investments 0 0  
Cash and cash equivalents 0 0  
Accrued investment income 0 0  
Other assets 463 449  
Total assets 78,399 79,286  
Liabilities:      
Policyholders’ account balances—investment contracts 70,780 73,653  
Securities sold under agreements to repurchase 0 0  
Cash collateral for loaned securities 0 0  
Short-term debt 71 146  
Long-term Debt, Excluding Current Maturities 1,131 1,139  
Notes issued by consolidated VIEs 285 305  
Other liabilities 49 48  
Separate account liabilities—investment contracts 22,777 23,631  
Total liabilities 95,093 98,922  
Prudential Netting Agreement | Fair Value      
Assets:      
Amortized Cost 5,186 5,821  
Liabilities:      
Long-term Debt, Excluding Current Maturities 10,959 11,921  
Prudential Netting Agreement | Carrying Amount      
Assets:      
Amortized Cost 4,748 4,998  
Liabilities:      
Long-term Debt, Excluding Current Maturities $ 10,514 $ 10,964  
[1] See Note 4 for details of balances associated with variable interest entities.