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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, 2020   323          
Beginning balance, Treasury stock (in shares) at Dec. 31, 2020           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]              
Exercise of stock options (in shares)   1          
Exercise of stock options 30   30        
Purchase of incremental share in consolidated subsidiaries 1           1
Treasury stock repurchased (in shares)           7  
Treasury stock repurchased (295)         $ (295)  
Other comprehensive earnings/loss - unrealized gain/loss on investments and other financial instruments (168)       (168)    
Other comprehensive earnings - unrealized gain on investments in unconsolidated affiliates 9 [1]       9    
Other comprehensive loss - unrealized loss on foreign currency translation [2] 0            
Reclassification adjustments for change in unrealized gains and losses included in net earnings (51)       (51)    
Stock-based compensation 21   21        
Dividends declared, per common share (208)     (208)      
Subsidiary dividends declared to non-controlling interests (9)           (9)
Net earnings 1,166     1,157     9
Ending balance (in shares) at Jun. 30, 2021   324          
Ending balance, Treasury stock (in shares) at Jun. 30, 2021           38  
Ending balance at Jun. 30, 2021 8,888 $ 0 5,771 3,343 1,094 $ (1,362) 42
Beginning balance (in shares) at Mar. 31, 2021   324          
Beginning balance, Treasury stock (in shares) at Mar. 31, 2021           34  
Beginning balance at Mar. 31, 2021 8,226 $ 0 5,752 2,893 720 $ (1,179) 40
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Exercise of stock options 9   9        
Purchase of incremental share in consolidated subsidiaries 1           1
Treasury stock repurchased (in shares)           4  
Treasury stock repurchased (183)         $ (183)  
Other comprehensive earnings/loss - unrealized gain/loss on investments and other financial instruments 377       377    
Other comprehensive earnings - unrealized gain on investments in unconsolidated affiliates [1] 0            
Other comprehensive loss - unrealized loss on foreign currency translation 2 [2]       2    
Reclassification adjustments for change in unrealized gains and losses included in net earnings (5) [3]       (5)    
Stock-based compensation 10   10        
Dividends declared, per common share (102)     (102)      
Subsidiary dividends declared to non-controlling interests (4)           (4)
Net earnings 557     552     5
Ending balance (in shares) at Jun. 30, 2021   324          
Ending balance, Treasury stock (in shares) at Jun. 30, 2021           38  
Ending balance at Jun. 30, 2021 8,888 $ 0 5,771 3,343 1,094 $ (1,362) 42
Beginning balance (in shares) at Dec. 31, 2021   325          
Beginning balance, Treasury stock (in shares) at Dec. 31, 2021           42  
Beginning balance at Dec. 31, 2021 9,457 $ 0 5,811 4,369 779 $ (1,545) 43
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Exercise of stock options (in shares)   1          
Exercise of stock options $ 8   8        
Treasury stock repurchased (in shares) 7            
Treasury stock repurchased $ (306)            
Other comprehensive earnings/loss - unrealized gain/loss on investments and other financial instruments (3,038)       (3,038)    
Other comprehensive earnings - unrealized gain on investments in unconsolidated affiliates 7 [1]       7    
Other comprehensive loss - unrealized loss on foreign currency translation (12) [2]       (12)    
Reclassification adjustments for change in unrealized gains and losses included in net earnings 74       74    
Stock-based compensation 24   24        
Dividends declared, per common share (247)     (247)      
Subsidiary dividends declared to non-controlling interests (8)           (8)
Net earnings 787     779     8
Ending balance (in shares) at Jun. 30, 2022   326          
Ending balance, Treasury stock (in shares) at Jun. 30, 2022           49  
Ending balance at Jun. 30, 2022 6,746 $ 0 5,843 4,901 (2,190) $ (1,851) 43
Beginning balance (in shares) at Mar. 31, 2022   326          
Beginning balance, Treasury stock (in shares) at Mar. 31, 2022           45  
Beginning balance at Mar. 31, 2022 8,118 $ 0 5,826 4,642 (712) $ (1,679) 41
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Exercise of stock options 6   6        
Treasury stock repurchased (in shares)           4  
Treasury stock repurchased (172)         $ (172)  
Other comprehensive earnings/loss - unrealized gain/loss on investments and other financial instruments (1,509)       (1,509)    
Other comprehensive earnings - unrealized gain on investments in unconsolidated affiliates [1] 0            
Other comprehensive loss - unrealized loss on foreign currency translation (10) [2]       (10)    
Reclassification adjustments for change in unrealized gains and losses included in net earnings 41 [3]       41    
Stock-based compensation 11   11        
Dividends declared, per common share (123)     (123)      
Subsidiary dividends declared to non-controlling interests (4)           (4)
Net earnings 388     382     6
Ending balance (in shares) at Jun. 30, 2022   326          
Ending balance, Treasury stock (in shares) at Jun. 30, 2022           49  
Ending balance at Jun. 30, 2022 $ 6,746 $ 0 $ 5,843 $ 4,901 $ (2,190) $ (1,851) $ 43
[1] Net of income tax expense of $2 million and $3 million for the six months ended June 30, 2022 and 2021, respectively.
[2] Net of income tax (benefit) expense of less than $(1) million and $1 million for the three months ended June 30, 2022 and 2021, respectively, and less than $(1) million for the six months ended June 30, 2022 and 2021.
[3] Net of income tax (benefit) expense of $(11) million and $1 million for the three-month periods June 30, 2022 and 2021, respectively, and $(19) million and $14 million for the six-month periods ended June 30, 2022 and 2021, respectively.