XML 112 R80.htm IDEA: XBRL DOCUMENT v3.22.4
DERIVATIVES - Financial Statement Impact of Derivatives By Category (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Derivatives, Fair Value [Line Items]      
Net derivative gains (losses) $ 1,696 $ (4,465) $ (1,722)
Interest credited to policyholders’ account balances (1,409) (1,219) (1,222)
Net investment income (loss) 3,315 3,846 3,477
Amounts Due from Reinsurers      
Derivatives, Fair Value [Line Items]      
Net derivative gains (losses) (1,706) 517 0
Interest credited to policyholders’ account balances 0 0 0
AOCI 0 0 0
Net investment income (loss) 0    
GMIB Reinsurance Contracts      
Derivatives, Fair Value [Line Items]      
Net derivative gains (losses) (581) (625) 417
Interest credited to policyholders’ account balances 0 0 0
AOCI 0 0 0
Net investment income (loss) 0    
GMxB Derivative Features’ Liability      
Derivatives, Fair Value [Line Items]      
Net derivative gains (losses) 3,076 2,841 (2,253)
Interest credited to policyholders’ account balances 0 0 0
AOCI 0 0 0
Settlement fee   45  
Net investment income (loss) 0    
SCS, SIO, MSO and IUL Indexed Features      
Derivatives, Fair Value [Line Items]      
Net derivative gains (losses) 2,955 (3,835) (1,738)
Interest credited to policyholders’ account balances 0 0 0
AOCI 0 0 0
Net investment income (loss) 0    
Embedded derivatives      
Derivatives, Fair Value [Line Items]      
Net derivative gains (losses) 3,744 (1,102) (3,574)
Interest credited to policyholders’ account balances 0 0 0
AOCI 0 0 0
Net investment income (loss) 0    
Derivative instruments including embedded derivative      
Derivatives, Fair Value [Line Items]      
Net derivative gains (losses) 1,696 (4,510) (1,722)
Interest credited to policyholders’ account balances (4) (45) 0
AOCI 230 (82) (87)
Net investment income (loss) 7    
Not Designated for Hedge Accounting      
Derivatives, Fair Value [Line Items]      
Net derivative gains (losses) (1,981) (3,337) 1,861
Interest credited to policyholders’ account balances 0 0 0
AOCI 0 0 0
Net investment income (loss) 0    
Not Designated for Hedge Accounting | Currency swaps      
Derivatives, Fair Value [Line Items]      
Net derivative gains (losses) 10 3 (4)
Interest credited to policyholders’ account balances 0 0 0
AOCI 0 0 0
Net investment income (loss) 0    
Not Designated for Hedge Accounting | Swaps      
Derivatives, Fair Value [Line Items]      
Net derivative gains (losses) (492) (2,317) 2,832
Interest credited to policyholders’ account balances 0 0 0
AOCI 0 0 0
Net investment income (loss) 0    
Not Designated for Hedge Accounting | Futures      
Derivatives, Fair Value [Line Items]      
Net derivative gains (losses) 285 (567) (1,011)
Interest credited to policyholders’ account balances 0 0 0
AOCI 0 0 0
Net investment income (loss) 0    
Not Designated for Hedge Accounting | Swaps      
Derivatives, Fair Value [Line Items]      
Net derivative gains (losses) 2,644 (3,614) (3,368)
Interest credited to policyholders’ account balances 0 0 0
AOCI 0 0 0
Net investment income (loss) 0    
Not Designated for Hedge Accounting | Options      
Derivatives, Fair Value [Line Items]      
Net derivative gains (losses) (2,750) 3,886 1,663
Interest credited to policyholders’ account balances 0 0 0
AOCI 0 0 0
Net investment income (loss) 0    
Not Designated for Hedge Accounting | Futures      
Derivatives, Fair Value [Line Items]      
Net derivative gains (losses) (1,688) (728) 1,740
Interest credited to policyholders’ account balances 0 0 0
AOCI 0 0 0
Net investment income (loss) 0    
Not Designated for Hedge Accounting | Swaptions      
Derivatives, Fair Value [Line Items]      
Net derivative gains (losses) 0 0 9
Interest credited to policyholders’ account balances 0 0 0
AOCI 0 0 0
Net investment income (loss) 0    
Not Designated for Hedge Accounting | Credit default swaps      
Derivatives, Fair Value [Line Items]      
Net derivative gains (losses) 7 (2) 0
Interest credited to policyholders’ account balances 0 0 0
AOCI 0 0 0
Net investment income (loss) 0    
Not Designated for Hedge Accounting | Currency forwards      
Derivatives, Fair Value [Line Items]      
Net derivative gains (losses) 3 2 0
Interest credited to policyholders’ account balances 0 0 0
AOCI 0 0 0
Net investment income (loss) 0    
Cash Flow Hedge | Designated for Hedge Accounting      
Derivatives, Fair Value [Line Items]      
Net derivative gains (losses) (67) (71) (9)
Interest credited to policyholders’ account balances (4) (45) 0
AOCI 230 (82) (87)
Net investment income (loss) 7    
Cash Flow Hedge | Designated for Hedge Accounting | Currency swaps      
Derivatives, Fair Value [Line Items]      
Net derivative gains (losses) 19 (2) 0
Interest credited to policyholders’ account balances (4) (45) 0
AOCI 24 5 0
Net investment income (loss) 7    
Cash Flow Hedge | Designated for Hedge Accounting | Swaps      
Derivatives, Fair Value [Line Items]      
Net derivative gains (losses) (86) (69) (9)
Interest credited to policyholders’ account balances 0 0 0
AOCI 206 $ (87) $ (87)
Net investment income (loss) $ 0