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CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Earnings (Loss)
Treasury Stock
Non-controlling Interest
Beginning balance (in shares) at Dec. 31, 2019   292       17  
Beginning balance at Dec. 31, 2019 $ 5,365 $ 0 $ 4,581 $ 1,356 $ 43 $ (598) $ (17)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Redemption of Servicelink non-controlling interest/Purchase of incremental share in consolidated subsidiaries (205)   (158)       (47)
Exercise of stock options (in shares)   3          
Exercise of stock options 48   48        
F&G acquisition 609   826     $ (217)  
F&G acquisition (in shares)   25       7  
Redemption of Servicelink non-controlling interest (344)            
Treasury stock repurchased (in shares)           3  
Treasury stock repurchased (104)         $ (104)  
Change in reinsurance liabilities held at fair value resulting from a change in the instrument-specific credit risk (1)       (1)    
Other comprehensive earnings — unrealized gain (loss) on investments and other financial instruments 683       683    
Other comprehensive earnings — unrealized gain on investments in unconsolidated affiliates 5 [1]       5    
Other comprehensive loss - unrealized gain (loss) on foreign currency translation 1 [2]       1    
Reclassification adjustments for change in unrealized gains and losses included in net earnings (11)       (11)    
Stock-based compensation 29   29        
Dividends declared, per common share (284)     (284)      
Subsidiary dividends declared to non-controlling interests (9)           (9)
Net earnings 646     626     20
Ending balance (in shares) at Sep. 30, 2020   320       27  
Ending balance at Sep. 30, 2020 7,182 $ 0 5,642 1,698 720 $ (919) 41
Beginning Balance at Dec. 31, 2019 344            
Increase (Decrease) in Temporary Equity [Roll Forward]              
Redemption of Servicelink non-controlling interest (344)            
Ending Balance at Sep. 30, 2020 0            
Beginning balance (in shares) at Jun. 30, 2020   318       27  
Beginning balance at Jun. 30, 2020 6,349 $ 0 5,431 1,417 429 $ (919) (9)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Redemption of Servicelink non-controlling interest/Purchase of incremental share in consolidated subsidiaries (205)   (158)       (47)
Exercise of stock options (in shares)   1          
Exercise of stock options 11   11        
F&G acquisition 32   32     $ 0  
F&G acquisition (in shares)   1       0  
Redemption of Servicelink non-controlling interest (344)            
Change in reinsurance liabilities held at fair value resulting from a change in the instrument-specific credit risk (4)       (4)    
Other comprehensive earnings — unrealized gain (loss) on investments and other financial instruments 303       303    
Other comprehensive earnings — unrealized gain on investments in unconsolidated affiliates (2) [1]       (2)    
Other comprehensive loss - unrealized gain (loss) on foreign currency translation 5 [2]       5    
Reclassification adjustments for change in unrealized gains and losses included in net earnings (11) [3]       (11)    
Stock-based compensation 10   10        
Dividends declared, per common share (97)     (97)      
Subsidiary dividends declared to non-controlling interests (4)           (4)
Net earnings 385     378     7
Ending balance (in shares) at Sep. 30, 2020   320       27  
Ending balance at Sep. 30, 2020 7,182 $ 0 5,642 1,698 720 $ (919) 41
Beginning Balance at Jun. 30, 2020 344            
Increase (Decrease) in Temporary Equity [Roll Forward]              
Redemption of Servicelink non-controlling interest (344)            
Ending Balance at Sep. 30, 2020 0            
Beginning balance (in shares) at Dec. 31, 2020   323       31  
Beginning balance at Dec. 31, 2020 8,392 $ 0 5,720 2,394 1,304 $ (1,067) 41
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Redemption of Servicelink non-controlling interest/Purchase of incremental share in consolidated subsidiaries 1   0       1
Exercise of stock options (in shares)   1          
Exercise of stock options $ 41   41        
Treasury stock repurchased (in shares) 8            
Treasury stock repurchased $ (357)            
Change in reinsurance liabilities held at fair value resulting from a change in the instrument-specific credit risk 3       3    
Other comprehensive earnings — unrealized gain (loss) on investments and other financial instruments (232)       (232)    
Other comprehensive earnings — unrealized gain on investments in unconsolidated affiliates 18 [1]       18    
Other comprehensive loss - unrealized gain (loss) on foreign currency translation (6) [2]       (6)    
Reclassification adjustments for change in unrealized gains and losses included in net earnings (82)       (82)    
Stock-based compensation 29   29        
Dividends declared, per common share (322)     (322)      
Subsidiary dividends declared to non-controlling interests (14)           (14)
Net earnings 1,903     1,889     14
Ending balance (in shares) at Sep. 30, 2021   324       39  
Ending balance at Sep. 30, 2021 9,374 $ 0 5,790 3,961 1,005 $ (1,424) 42
Beginning Balance at Dec. 31, 2020 0            
Ending Balance at Sep. 30, 2021 0            
Beginning balance (in shares) at Jun. 30, 2021   324       38  
Beginning balance at Jun. 30, 2021 8,888 $ 0 5,771 3,343 1,094 $ (1,362) 42
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Exercise of stock options 9   9        
Treasury stock repurchased (in shares)           1  
Treasury stock repurchased (62)         $ (62)  
Change in reinsurance liabilities held at fair value resulting from a change in the instrument-specific credit risk 3            
Other comprehensive earnings — unrealized gain (loss) on investments and other financial instruments (65)            
Other comprehensive earnings — unrealized gain on investments in unconsolidated affiliates 8 [1]       8    
Other comprehensive loss - unrealized gain (loss) on foreign currency translation (5) [2]       (5)    
Reclassification adjustments for change in unrealized gains and losses included in net earnings (30) [3]       (30)    
Stock-based compensation 10   10        
Dividends declared, per common share (114)     (114)      
Subsidiary dividends declared to non-controlling interests (5)           (5)
Net earnings 737     732     5
Ending balance (in shares) at Sep. 30, 2021   324       39  
Ending balance at Sep. 30, 2021 9,374 $ 0 $ 5,790 $ 3,961 $ 1,005 $ (1,424) $ 42
Beginning Balance at Jun. 30, 2021 0            
Ending Balance at Sep. 30, 2021 $ 0            
[1] Net of income tax expense (benefit) of $3 million and $(1) million for the three-month periods ended September 30, 2021 and 2020, respectively, and $5 million and $1 million for the nine-month periods ended September 30, 2021 and 2020, respectively.
[2] Net of income tax (benefit) expense of less than $(1) million and $2 million for the three-month periods ended September 30, 2021 and 2020, respectively and less than $1 million for the nine-month periods ended September 30, 2021 and 2020.
[3] Net of income tax expense of $9 million and $3 million for the three-month periods ended September 30, 2021 and 2020, respectively, and $22 million and $3 million for the nine-month periods ended September 30, 2021 and 2020, respectively.(5)Net of income tax expense (benefit) of $1 million and $(1) million for the three-month periods ended September 30, 2021 and 2020, respectively, and $1 million and $(1) million for the nine-month periods ended September 30, 2021 and 2020, respectively.