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DERIVATIVES - Financial Statement Impact of Derivatives By Category (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) $ (917) $ 1,858 $ (1,758) $ 2,017
Net investment income (loss) 1,036 711 2,026 1,515
Interest credited to policyholders’ account balances 501 310 964 623
SCS, SIO, MSO and IUL Indexed Features        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) (2,646) 3,544 (4,256) 3,867
Net investment income (loss) 0 0 0 0
Interest credited to policyholders’ account balances 0 0 0 0
AOCI 0 0 0 0
Embedded Derivatives        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) (2,646) 3,544 (4,256) 3,867
Net investment income (loss) 0 0 0 0
Interest credited to policyholders’ account balances 0 0 0 0
AOCI 0 0 0 0
Derivative Instruments Including Embedded Derivative        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) (917) 1,858 (1,758) 2,017
Net investment income (loss) 2 1 5 2
Interest credited to policyholders’ account balances 8 8 26 10
AOCI 33 160 31 153
Not Designated for Hedge Accounting        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) 1,743 (1,677) 2,509 (1,823)
Net investment income (loss) 0 0 0 0
Interest credited to policyholders’ account balances 0 0 0 0
AOCI 0 0 0 0
Not Designated for Hedge Accounting | Currency swaps        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) (9) 13 (19) 18
Net investment income (loss) 0 0 0 0
Interest credited to policyholders’ account balances 0 0 0 0
AOCI 0 0 0 0
Not Designated for Hedge Accounting | Swaps        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) (56) (154) (9) (303)
Net investment income (loss) 0 0 0 0
Interest credited to policyholders’ account balances 0 0 0 0
AOCI 0 0 0 0
Not Designated for Hedge Accounting | Futures        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) (27) 398 (159) 456
Net investment income (loss) 0 0 0 0
Interest credited to policyholders’ account balances 0 0 0 0
AOCI 0 0 0 0
Not Designated for Hedge Accounting | Swaps        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) (706) 2,043 (1,309) 2,778
Net investment income (loss) 0 0 0 0
Interest credited to policyholders’ account balances 0 0 0 0
AOCI 0 0 0 0
Not Designated for Hedge Accounting | Options        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) 2,499 (3,446) 4,000 (3,730)
Net investment income (loss) 0 0 0 0
Interest credited to policyholders’ account balances 0 0 0 0
AOCI 0 0 0 0
Not Designated for Hedge Accounting | Futures        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) 44 (546) 10 (1,058)
Net investment income (loss) 0 0 0 0
Interest credited to policyholders’ account balances 0 0 0 0
AOCI 0 0 0 0
Not Designated for Hedge Accounting | Credit default swaps        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) (2) 13 (5) 14
Net investment income (loss) 0 0 0 0
Interest credited to policyholders’ account balances 0 0 0 0
AOCI 0 0 0 0
Not Designated for Hedge Accounting | Currency forwards        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) 0 2 0 2
Net investment income (loss) 0 0 0 0
Interest credited to policyholders’ account balances 0 0 0 0
AOCI 0 0 0 0
Not Designated for Hedge Accounting | Margin        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) 0 0 0 0
Net investment income (loss) 0 0 0 0
Interest credited to policyholders’ account balances 0 0 0 0
AOCI 0 0 0 0
Not Designated for Hedge Accounting | Collateral        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) 0 0 0 0
Net investment income (loss) 0 0 0 0
Interest credited to policyholders’ account balances 0 0 0 0
AOCI 0 0 0 0
Cash Flow Hedge | Designated for Hedge Accounting        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) (14) (9) (11) (27)
Net investment income (loss) 2 1 5 2
Interest credited to policyholders’ account balances 8 8 26 10
AOCI 33 160 31 153
Cash Flow Hedge | Designated for Hedge Accounting | Currency swaps        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) 2 18 10 14
Net investment income (loss) 2 1 5 2
Interest credited to policyholders’ account balances 8 8 26 10
AOCI 3 (8) 28 5
Cash Flow Hedge | Designated for Hedge Accounting | Swaps        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) (16) (27) (21) (41)
Net investment income (loss) 0 0 0 0
Interest credited to policyholders’ account balances 0 0 0 0
AOCI $ 30 $ 168 $ 3 $ 148