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EQUITY (Tables)
 9 Months Ended
Sep. 30, 2022
Equity [Abstract]  
Schedule of Stock by Class
Preferred stock authorized, issued and outstanding was as follows:
September 30, 2022December 31, 2021
SeriesShares AuthorizedShares
 Issued		Shares OutstandingShares AuthorizedShares
 Issued		Shares Outstanding
Series A 32,000 32,000 32,000 32,000 32,000 32,000 
Series B 20,000 20,000 20,000 20,000 20,000 20,000 
Series C12,000 12,000 12,000 12,000 12,000 12,000 
Total64,000 64,000 64,000 64,000 64,000 64,000 
Dividends Declared
Dividends declared per share were as follows for the periods indicated:
Three Months Ended September 30,Nine Months Ended September 30,
2022202120222021
Series A dividends declared $328 $328 $984 $984 
Series B dividends declared$— $— $619 $619 
Series C dividends declared$269 $269 $806 $738 
Dividends declared per share of common stock were as follows for the periods indicated:
Three Months Ended September 30,Nine Months Ended September 30,
2022202120222021
Dividends declared$0.20 $0.18 $0.58 $0.53 
Schedule of Accumulated Other Comprehensive Income (Loss) The balances as of September 30, 2022 and December 31, 2021 follow:
 September 30,December 31,
 20222021
 
(in millions)
Unrealized gains (losses) on investments$(7,210)$2,684 
Defined benefit pension plans(608)(669)
Foreign currency translation adjustments(120)(45)
Total accumulated other comprehensive income (loss)(7,938)1,970 
Less: Accumulated other comprehensive income (loss) attributable to noncontrolling interest(62)(34)
Accumulated other comprehensive income (loss) attributable to Holdings$(7,876)$2,004 
Components of Accumulated Other Comprehensive Income (Loss), Net of Taxes
The components of OCI, net of taxes for the three and nine months ended September 30, 2022 and 2021 follow:

Three Months Ended September 30,

Nine Months Ended September 30,
 2022202120222021
 (in millions)
Change in net unrealized gains (losses) on investments:
Net unrealized gains (losses) arising during the period$(3,195)$(310)$(12,929)$(2,547)
(Gains) losses reclassified into net income (loss) during the period (1)245 (131)678 (617)
Net unrealized gains (losses) on investments(2,950)(441)(12,251)(3,164)
Adjustments for policyholders’ liabilities, DAC, insurance liability loss recognition and other624 318 2,357 1,108 
Change in unrealized gains (losses), net of adjustments (net of deferred income tax expense (benefit) of $(619), $(32), $(2,630) and $(546))
(2,326)(123)(9,894)(2,056)
Change in defined benefit plans:
Reclassification to Net income (loss) of amortization of net prior service credit included in net periodic cost16 22 61 77 
Change in defined benefit plans (net of deferred income tax expense (benefit) of $(4), $6, $(13), and $20)
16 22 61 77 
Foreign currency translation adjustments:
Foreign currency translation gains (losses) arising during the period(30)(9)(75)(13)
Foreign currency translation adjustment(30)(9)(75)(13)
Total other comprehensive income (loss), net of income taxes(2,340)(110)(9,908)(1,992)
Less: Other comprehensive income (loss) attributable to noncontrolling interest(12)(3)(28)(5)
Other comprehensive income (loss) attributable to Holdings$(2,328)$(107)$(9,880)$(1,987)
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(1)See “Reclassification adjustment” in Note 3 of the Notes to these Consolidated Financial Statements. Reclassification amounts presented net of income tax expense (benefit) of $(65) million, $35 million, $(180) million, and $164 million for the three and nine months ended September 30, 2022 and 2021, respectively.