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DERIVATIVES - Financial Statement Impact of Derivatives By Category (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Derivatives, Fair Value [Line Items]        
Net Derivatives Gain (Losses) $ (208) $ (917) $ (1,584) $ (1,758)
Net Investment Income 1,166 1,036 2,385 2,026
Total derivative instruments        
Derivatives, Fair Value [Line Items]        
Net Derivatives Gain (Losses) (208) (917) (1,584) (1,758)
Net Investment Income (13) 2 (7) 5
Interest Credited To Policyholders Account Balances (5) 8 (23) (26)
AOCI 35 33 44 31
Total embedded derivatives        
Derivatives, Fair Value [Line Items]        
Net Derivatives Gain (Losses) (1,296) (2,646) (4,432) (4,256)
Net Investment Income 0 0 0 0
Interest Credited To Policyholders Account Balances 0 0 0 0
AOCI 0 0 0 0
SCS, SIO, MSO and IUL Indexed Features        
Derivatives, Fair Value [Line Items]        
Net Derivatives Gain (Losses) (1,296) (2,646) (4,432) (4,256)
Net Investment Income 0 0 0 0
Interest Credited To Policyholders Account Balances 0 0 0 0
AOCI 0 0 0 0
Not Designated for Hedge Accounting        
Derivatives, Fair Value [Line Items]        
Net Derivatives Gain (Losses) 1,088 1,743 2,847 2,509
Net Investment Income 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 Derivatives Gain (Losses) 1 (9) 13 (19)
Net Investment Income 0 0 0 0
Interest Credited To Policyholders Account Balances 0 0 0 0
AOCI 0 0 0 0
Not Designated for Hedge Accounting | Interest swaps        
Derivatives, Fair Value [Line Items]        
Net Derivatives Gain (Losses) (88) (56) (253) (9)
Net Investment Income 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 Derivatives Gain (Losses) 50 (27) 291 (159)
Net Investment Income 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 Derivatives Gain (Losses) (99) (706) (1,214) (1,309)
Net Investment Income 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 Derivatives Gain (Losses) 1,225 2,499 4,021 4,000
Net Investment Income 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 Derivatives Gain (Losses) (1) 44 (11) 10
Net Investment Income 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 Derivatives Gain (Losses) 0 (2) (1) (5)
Net Investment Income 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 Derivatives Gain (Losses) 0 0 1 0
Net Investment Income 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 Derivatives Gain (Losses) 0   0  
Net Investment Income 0   0  
Interest Credited To Policyholders Account Balances 0   0  
AOCI 0   0  
Not Designated for Hedge Accounting | Collateral        
Derivatives, Fair Value [Line Items]        
Net Derivatives Gain (Losses) 0   0  
Net Investment Income 0   0  
Interest Credited To Policyholders Account Balances 0   0  
AOCI 0   0  
Cash Flow Hedge | Designated for Hedge Accounting        
Derivatives, Fair Value [Line Items]        
Net Derivatives Gain (Losses) 0 (14) 1 (11)
Net Investment Income (13) 2 (7) 5
Interest Credited To Policyholders Account Balances (5) 8 (23) (26)
AOCI 35 33 44 31
Cash Flow Hedge | Designated for Hedge Accounting | Currency swaps        
Derivatives, Fair Value [Line Items]        
Net Derivatives Gain (Losses) 0 2 1 10
Net Investment Income 4 2 7 5
Interest Credited To Policyholders Account Balances (5) 8 (23) (26)
AOCI 22 3 38 28
Cash Flow Hedge | Designated for Hedge Accounting | Interest swaps        
Derivatives, Fair Value [Line Items]        
Net Derivatives Gain (Losses) 0 (16) 0 (21)
Net Investment Income (17) 0 (14) 0
Interest Credited To Policyholders Account Balances 0 0 0 0
AOCI $ 13 $ 30 $ 6 $ 3