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Equity
6 Months Ended
Jun. 30, 2023
Equity [Abstract]  
Equity
11. Equity

Accumulated 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 allowanceUnrealized investment gains (losses) on AFS securities with a credit allowanceUnrealized gains (losses) on hedging instrumentsRemeasurement gains (losses) on future policy benefits related to discount rateRemeasurement gains (losses) on market risk benefits related to credit riskForeign currency translation and other adjustmentsAccumulated 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) realized1
(63)— (42)— — — (105)
Less: Income tax expense (benefit)
(486)(32)(37)577 (12)11 
Less: Other comprehensive income (loss) attributable to noncontrolling interests(110)(2)(51)263 — 104 
Balance at June 30, 2023$(11,049)$(378)$26 $4,708 $312 $$(6,376)
1 Recognized in investment related gains (losses) on the condensed consolidated statements of income (loss).
(In millions)Unrealized investment gains (losses) on AFS securities without a credit allowanceUnrealized investment gains (losses) on AFS securities with a credit allowanceUnrealized gains (losses) on hedging instrumentsRemeasurement gains (losses) on future policy benefits related to discount rateRemeasurement gains (losses) on market risk benefits related to credit riskForeign currency translation and other adjustmentsAccumulated other comprehensive income (loss)
Balance at March 31, 2022$(4,747)$(65)$(79)$2,259 $309 $$(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 income1
(116)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 (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 allowanceUnrealized investment gains (losses) on AFS securities with a credit allowanceUnrealized gains (losses) on hedging instrumentsRemeasurement gains (losses) on future policy benefits related to discount rateRemeasurement gains (losses) on market risk benefits related to credit riskForeign currency translation and other adjustmentsAccumulated 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 income1
(94)— 45 — — — (49)
Less: Income tax expense (benefit)
(174)(18)(22)504 301 
Less: Other comprehensive income (loss) attributable to noncontrolling interests110 (2)(24)55 147 
Balance at June 30, 2023$(11,049)$(378)$26 $4,708 $312 $$(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 allowanceUnrealized investment gains (losses) on AFS securities with a credit allowanceUnrealized gains (losses) on hedging instrumentsRemeasurement gains (losses) on future policy benefits related to discount rateRemeasurement gains (losses) on market risk benefits related to credit riskForeign currency translation and other adjustmentsAccumulated other comprehensive income (loss)
Balance at January 1, 2022$— $— $— $— $— $— $— 
Other comprehensive income (loss) before reclassifications(14,213)(191)(33)6,459 576 (81)(7,483)
Less: Reclassification adjustments for gains (losses) realized1
(154)— 15 — — — (139)
Less: Income tax expense (benefit)
(2,525)(34)(9)959 121 (5)(1,493)
Less: Other comprehensive income (loss) attributable to noncontrolling interests(1,538)(19)(11)1,421 (13)(153)
Balance at June 30, 2022$(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).