XML 41 R30.htm IDEA: XBRL DOCUMENT
v3.20.2

Shares and Stockholders' Equity (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2020
Shares and Stockholders' Equity [Abstract] |
Changes In Common stock (Number Of Shares) |
| For the Three |  | For the Six |
| Months Ended |  | Months Ended |
| June 30, |  | June 30, |
| 2020 |  | 2019 |  | 2020 |  | 2019 |
Common Stock |  |  |  |  |  |  |  |
Balance as of beginning-of-period | 193,208,244 |  | 202,987,229 |  | 196,668,532 |  | 205,862,760 |
Stock issued for exercise of warrants | - |  | 18,493 |  | - |  | 222,023 |
Stock compensation/issued for benefit plans | 38,859 |  | 83,405 |  | 388,495 |  | 893,075 |
Retirement/cancellation of shares | - |  | (2,313,396 | ) | (3,809,924 | ) | (6,202,127 | )
Balance as of end-of-period | 193,247,103 |  | 200,775,731 |  | 193,247,103 |  | 200,775,731 |
Common Stock as of End-of-Period |  |  |  |  |  |  |  |
Basic basis | 193,247,103 |  | 200,775,731 |  | 193,247,103 |  | 200,775,731 |
Diluted basis | 193,962,833 |  | 202,245,662 |  | 193,962,833 |  | 202,245,662 |
Reconciliation Of The Denominator Calculations Of Basic And Diluted EPS |
| For the Three |  | For the Six |
| Months Ended |  | Months Ended |
| June 30, |  | June 30, |
| 2020 |  | 2019 |  | 2020 |  | 2019 |
Weighted-average shares, as used in basic calculation | 193,228,547 |  | 201,498,137 |  | 194,152,672 |  | 202,886,733 |
Shares to cover exercise of outstanding warrants | - |  | 57,189 |  | - |  | 115,513 |
Shares to cover non-vested stock | 448,982 |  | 831,385 |  | 651,289 |  | 940,471 |
Average stock options outstanding during the period | 572,544 |  | 1,647,523 |  | 784,396 |  | 1,583,354 |
Assumed acquisition of shares with assumed proceeds |  |  |  |  |  |  |  |
from exercising outstanding warrants | - |  | (8,610 | ) | - |  | (18,893 | )
Assumed acquisition of shares with assumed |  |  |  |  |  |  |  |
proceeds and benefits from exercising stock |  |  |  |  |  |  |  |
options (at average market price for the period) | (469,928 | ) | (1,119,711 | ) | (586,764 | ) | (1,080,671 | )
Shares repurchasable from measured but |  |  |  |  |  |  |  |
unrecognized stock option expense | (3,693 | ) | - |  | (1,846 | ) | (434 | )
Average deferred compensation shares | - |  | - |  | 1,236,744 |  | - |
Weighted-average shares, as used in diluted calculation (1) | 193,776,452 |  | 202,905,913 |  | 196,236,491 |  | 204,426,073 |
(1)Due to reporting a net loss for the three and six months ended June 30, 2020, basic shares were used in the diluted earnings per share (“EPS”) calculation for these periods, as the use of diluted shares would have resulted in a lower loss per share.
Components And Changes In Accumulated OCI |
| For the Six |
| Months Ended |
| June 30, |
| 2020 |  | 2019 |
Unrealized Gain (Loss) on AFS Securities |  |  |  |  |  |
Balance as of beginning-of-year | $ | 5,983 |  | $ | 557 |
Cumulative effect from adoption of new accounting standard |  | 45 |  |  | - |
Unrealized holding gains (losses) arising during the period |  | 3,775 |  |  | 6,933 |
Change in foreign currency exchange rate adjustment |  | (93 | ) |  | 3 |
Change in DAC, VOBA, DSI, future contract benefits and other contract holder funds |  | (1,351 | ) |  | (1,903 | )
Income tax benefit (expense) |  | (495 | ) |  | (1,070 | )
Less: |  |  |  |  |  |
Reclassification adjustment for gains (losses) included in net income (loss) |  | (44 | ) |  | (12 | )
Associated amortization of DAC, VOBA, DSI and DFEL |  | 62 |  |  | (5 | )
Income tax benefit (expense) |  | (4 | ) |  | 4 |
Balance as of end-of-period | $ | 7,850 |  | $ | 4,533 |
Unrealized OTTI on AFS Securities |  |  |  |  |  |
Balance as of beginning-of-year | $ | 45 |  | $ | 33 |
(Increases) attributable to: |  |  |  |  |  |
Cumulative effect from adoption of new accounting standard |  | (45 | ) |  | - |
Gross OTTI recognized in OCI during the period |  | - |  |  | (16 | )
Change in DAC, VOBA, DSI and DFEL |  | - |  |  | 1 |
Income tax benefit (expense) |  | - |  |  | 3 |
Decreases attributable to: |  |  |  |  |  |
Changes in fair value, sales, maturities or other settlements of AFS securities |  | - |  |  | 19 |
Change in DAC, VOBA, DSI and DFEL |  | - |  |  | (3 | )
Income tax benefit (expense) |  | - |  |  | (3 | )
Balance as of end-of-period | $ | - |  | $ | 34 |
Unrealized Gain (Loss) on Derivative Instruments |  |  |  |  |  |
Balance as of beginning-of-year | $ | (11 | ) | $ | 139 |
Unrealized holding gains (losses) arising during the period |  | (192 | ) |  | (32 | )
Change in foreign currency exchange rate adjustment |  | 97 |  |  | (5 | )
Change in DAC, VOBA, DSI and DFEL |  | (116 | ) |  | (5 | )
Income tax benefit (expense) |  | 43 |  |  | 8 |
Less: |  |  |  |  |  |
Reclassification adjustment for gains (losses) included in net income (loss) |  | 23 |  |  | 20 |
Associated amortization of DAC, VOBA, DSI and DFEL |  | (19 | ) |  | (2 | )
Income tax benefit (expense) |  | (1 | ) |  | (4 | )
Balance as of end-of-period | $ | (182 | ) | $ | 91 |
Foreign Currency Translation Adjustment |  |  |  |  |  |
Balance as of beginning-of-year | $ | (17 | ) | $ | (23 | )
Foreign currency translation adjustment arising during the period |  | (11 | ) |  | - |
Balance as of end-of-period | $ | (28 | ) | $ | (23 | )
Funded Status of Employee Benefit Plans |  |  |  |  |  |
Balance as of beginning-of-year | $ | (327 | ) | $ | (299 | )
Adjustment arising during the period |  | 10 |  |  | - |
Balance as of end-of-period | $ | (317 | ) | $ | (299 | )
Schedule of Reclassifications Out Of AOCI |
| For the Six |  |
| Months Ended |  |
| June 30, |  |
| 2020 |  |  | 2019 |  |
Unrealized Gain (Loss) on AFS Securities |  |  |  |  |  |  |  |
Gross reclassification | $ | (44 | ) |  | $ | (12 | ) | Total realized gain (loss)
Associated amortization of DAC, |  |  |  |  |  |  |  |
VOBA, DSI and DFEL |  | 62 |  |  |  | (5 | ) | Total realized gain (loss)
Reclassification before income |  |  |  |  |  |  |  | Income (loss) from continuing
tax benefit (expense) |  | 18 |  |  |  | (17 | ) | operations before taxes
Income tax benefit (expense) |  | (4 | ) |  |  | 4 |  | Federal income tax expense (benefit)
Reclassification, net of income tax | $ | 14 |  |  | $ | (13 | ) | Net income (loss)
Unrealized OTTI on AFS Securities |  |  |  |  |  |  |  |
Gross reclassification | $ | - |  |  | $ | 5 |  | Total realized gain (loss)
Change in DAC, VOBA, DSI and DFEL |  | - |  |  |  | - |  | Total realized gain (loss)
Reclassification before income |  |  |  |  |  |  |  | Income (loss) from continuing
tax benefit (expense) |  | - |  |  |  | 5 |  | operations before taxes
Income tax benefit (expense) |  | - |  |  |  | (1 | ) | Federal income tax expense (benefit)
Reclassification, net of income tax | $ | - |  |  | $ | 4 |  | Net income (loss)
Unrealized Gain (Loss) on Derivative Instruments |  |  |  |  |  |  |  |
Gross reclassifications: |  |  |  |  |  |  |  |
Interest rate contracts | $ | 1 |  |  | $ | 2 |  | Net investment income
Interest rate contracts |  | (8 | ) |  |  | (1 | ) | Interest and debt expense
Foreign currency contracts |  | 22 |  |  |  | 15 |  | Net investment income
Foreign currency contracts |  | 8 |  |  |  | 4 |  | Total realized gain (loss)
Total gross reclassifications |  | 23 |  |  |  | 20 |  |
Associated amortization of DAC, |  |  |  |  |  |  |  |
VOBA, DSI and DFEL |  | (19 | ) |  |  | (2 | ) | Commissions and other expenses
Reclassifications before income |  |  |  |  |  |  |  | Income (loss) from continuing
tax benefit (expense) |  | 4 |  |  |  | 18 |  | operations before taxes
Income tax benefit (expense) |  | (1 | ) |  |  | (4 | ) | Federal income tax expense (benefit)
Reclassifications, net of income tax | $ | 3 |  |  | $ | 14 |  | Net income (loss)

X
- Definition Disclosure in tabular form of the changes in the number of shares of the entity's preferred and common stock during the reporting period. + References No definition available. + Details
Name: | lnc_ChangesInPreferredAndCommonStockNumberOfSharesTableTextBlock
Namespace Prefix: | lnc_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
Name: | us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669686-108580 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_StockholdersEquityNoteAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration