XML 72 R55.htm IDEA: XBRL DOCUMENT v3.8.0.1
Fair Value Measurements - The carrying value and fair value of financial instruments (Details) - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
Financial assets:    
Mortgage loans $ 1,125 $ 1,147
Policy loans 184 192
Financial liabilities:    
Long-term debt 1,301 1,283
Level 1    
Financial assets:    
Cash and cash equivalents 2,338 2,107
Mortgage loans 0 0
Policy loans 0 0
Total financial assets not accounted for at fair value 2,338 2,107
Financial liabilities:    
Annuity benefits accumulated [1] 0 0
Long-term debt 0 0
Total financial liabilities not accounted for at fair value 0 0
Level 2    
Financial assets:    
Cash and cash equivalents 0 0
Mortgage loans 0 0
Policy loans 0 0
Total financial assets not accounted for at fair value 0 0
Financial liabilities:    
Annuity benefits accumulated [1] 0 0
Long-term debt 1,351 1,353
Total financial liabilities not accounted for at fair value 1,351 1,353
Level 3    
Financial assets:    
Cash and cash equivalents 0 0
Mortgage loans 1,119 1,146
Policy loans 184 192
Total financial assets not accounted for at fair value 1,303 1,338
Financial liabilities:    
Annuity benefits accumulated [1] 32,461 28,932
Long-term debt 3 3
Total financial liabilities not accounted for at fair value 32,464 28,935
Carrying Value    
Financial assets:    
Cash and cash equivalents 2,338 2,107
Mortgage loans 1,125 1,147
Policy loans 184 192
Total financial assets not accounted for at fair value 3,647 3,446
Financial liabilities:    
Annuity benefits accumulated [1] 33,110 29,703
Long-term debt 1,301 1,284
Total financial liabilities not accounted for at fair value 34,411 30,987
Fair Value    
Financial assets:    
Cash and cash equivalents 2,338 2,107
Mortgage loans 1,119 1,146
Policy loans 184 192
Total financial assets not accounted for at fair value 3,641 3,445
Financial liabilities:    
Annuity benefits accumulated [1] 32,461 28,932
Long-term debt 1,354 1,356
Total financial liabilities not accounted for at fair value $ 33,815 $ 30,288
[1] Excludes $206 million and $204 million of life contingent annuities in the payout phase at December 31, 2017 and 2016, respectively.