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Equity | 6 Months Ended
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Jun. 30, 2023
Equity [Abstract] |
Equity | 11. Equity Acc umulated Other Comprehensive Income (Loss)—The following provides the details and changes in AOCI:
(In millions) | Unrealized investment gains (losses) on AFS securities without a credit allowance |  | Unrealized investment gains (losses) on AFS securities with a credit allowance |  | Unrealized gains (losses) on hedging instruments |  | Remeasurement gains (losses) on future policy benefits related to discount rate |  | Remeasurement gains (losses) on market risk benefits related to credit risk |  | Foreign currency translation and other adjustments |  | Accumulated other comprehensive income (loss)
Balance at March 31, 2023 | $ | (10,879) |  |  | $ | (467) |  |  | $ | 109 |  |  | $ | 4,735 |  |  | $ | 355 |  |  | $ | (1) |  |  | $ | (6,148) |
Other comprehensive income (loss) before reclassifications | (829) |  |  | 55 |  |  | (213) |  |  | 813 |  |  | (55) |  |  | 11 |  |  | (218) |
Less: Reclassification adjustments for gains (losses) realized 1 | (63) |  |  | — |  |  | (42) |  |  | — |  |  | — |  |  | — |  |  | (105) |
Less: Income tax expense (benefit) | (486) |  |  | (32) |  |  | (37) |  |  | 577 |  |  | (12) |  |  | 1 |  |  | 11 |
Less: Other comprehensive income (loss) attributable to noncontrolling interests | (110) |  |  | (2) |  |  | (51) |  |  | 263 |  |  | — |  |  | 4 |  |  | 104 |
Balance at June 30, 2023 | $ | (11,049) |  |  | $ | (378) |  |  | $ | 26 |  |  | $ | 4,708 |  |  | $ | 312 |  |  | $ | 5 |  |  | $ | (6,376) |
1 Recognized in investment related gains (losses) on the condensed consolidated statements of income (loss).
(In millions) | Unrealized investment gains (losses) on AFS securities without a credit allowance |  | Unrealized investment gains (losses) on AFS securities with a credit allowance |  | Unrealized gains (losses) on hedging instruments |  | Remeasurement gains (losses) on future policy benefits related to discount rate |  | Remeasurement gains (losses) on market risk benefits related to credit risk |  | Foreign currency translation and other adjustments |  | Accumulated other comprehensive income (loss)
Balance at March 31, 2022 | $ | (4,747) |  |  | $ | (65) |  |  | $ | (79) |  |  | $ | 2,259 |  |  | $ | 309 |  |  | $ | 5 |  |  | $ | (2,318) |
Other comprehensive income (loss) before reclassifications | (7,568) |  |  | (94) |  |  | 96 |  |  | 2,897 |  |  | 179 |  |  | (79) |  |  | (4,569) |
Less: Reclassification adjustments for gains (losses) realized in net income 1 | (116) |  |  | 7 |  |  | 15 |  |  | — |  |  | — |  |  | — |  |  | (94) |
Less: Income tax expense (benefit) | (1,341) |  |  | (18) |  |  | 17 |  |  | 430 |  |  | 38 |  |  | (4) |  |  | (878) |
Less: Other comprehensive income (loss) attributable to noncontrolling interests | (862) |  |  | (10) |  |  | 13 |  |  | 647 |  |  | 2 |  |  | (7) |  |  | (217) |
Balance at June 30, 2022 | $ | (9,996) |  |  | $ | (138) |  |  | $ | (28) |  |  | $ | 4,079 |  |  | $ | 448 |  |  | $ | (63) |  |  | $ | (5,698) |
1 Recognized in investment related gains (losses) on the condensed consolidated statements of income (loss).
(In millions) | Unrealized investment gains (losses) on AFS securities without a credit allowance |  | Unrealized investment gains (losses) on AFS securities with a credit allowance |  | Unrealized gains (losses) on hedging instruments |  | Remeasurement gains (losses) on future policy benefits related to discount rate |  | Remeasurement gains (losses) on market risk benefits related to credit risk |  | Foreign currency translation and other adjustments |  | Accumulated other comprehensive income (loss)
Balance at December 31, 2022 | $ | (12,565) |  |  | $ | (334) |  |  | $ | 47 |  |  | $ | 5,256 |  |  | $ | 285 |  |  | $ | (10) |  |  | $ | (7,321) |
Other comprehensive income (loss) before reclassifications | 1,358 |  |  | (64) |  |  | (22) |  |  | 11 |  |  | 34 |  |  | 27 |  |  | 1,344 |
Less: Reclassification adjustments for gains (losses) realized in net income 1 | (94) |  |  | — |  |  | 45 |  |  | — |  |  | — |  |  | — |  |  | (49) |
Less: Income tax expense (benefit) | (174) |  |  | (18) |  |  | (22) |  |  | 504 |  |  | 6 |  |  | 5 |  |  | 301 |
Less: Other comprehensive income (loss) attributable to noncontrolling interests | 110 |  |  | (2) |  |  | (24) |  |  | 55 |  |  | 1 |  |  | 7 |  |  | 147 |
Balance at June 30, 2023 | $ | (11,049) |  |  | $ | (378) |  |  | $ | 26 |  |  | $ | 4,708 |  |  | $ | 312 |  |  | $ | 5 |  |  | $ | (6,376) |
1 Recognized in investment related gains (losses) on the condensed consolidated statements of income (loss).
(In millions) | Unrealized investment gains (losses) on AFS securities without a credit allowance |  | Unrealized investment gains (losses) on AFS securities with a credit allowance |  | Unrealized gains (losses) on hedging instruments |  | Remeasurement gains (losses) on future policy benefits related to discount rate |  | Remeasurement gains (losses) on market risk benefits related to credit risk |  | Foreign currency translation and other adjustments |  | Accumulated other comprehensive income (loss)
Balance at January 1, 2022 | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Other comprehensive income (loss) before reclassifications | (14,213) |  |  | (191) |  |  | (33) |  |  | 6,459 |  |  | 576 |  |  | (81) |  |  | (7,483) |
Less: Reclassification adjustments for gains (losses) realized 1 | (154) |  |  | — |  |  | 15 |  |  | — |  |  | — |  |  | — |  |  | (139) |
Less: Income tax expense (benefit) | (2,525) |  |  | (34) |  |  | (9) |  |  | 959 |  |  | 121 |  |  | (5) |  |  | (1,493) |
Less: Other comprehensive income (loss) attributable to noncontrolling interests | (1,538) |  |  | (19) |  |  | (11) |  |  | 1,421 |  |  | 7 |  |  | (13) |  |  | (153) |
Balance at June 30, 2022 | $ | (9,996) |  |  | $ | (138) |  |  | $ | (28) |  |  | $ | 4,079 |  |  | $ | 448 |  |  | $ | (63) |  |  | $ | (5,698) |
1 Recognized in investment related gains (losses) on the condensed consolidated statements of income (loss).

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