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Accumulated Other Comprehensive Income (Tables) | 12 Months Ended
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Dec. 31, 2024
Equity [Abstract] |
Schedule of Changes in Accumulated Other Comprehensive Income | The componen ts of and changes in the accumulated other comprehensive income (“AOCI”), and the related tax effects, are shown below:
Predecessor |  | Change in Net Unrealized Investment Gains (Losses) |  | Defined Benefit Pension Plan Adjustment |  | Foreign Currency Translation / Other |  | Total
|  | (Dollars in millions)
Balance as of December 31, 2021 |  | $ | 149 |  |  | $ | 1 |  |  | $ | (3) |  |  | $ | 147 |
Other comprehensive income (loss) before reclassifications |  | (613) |  |  | — |  |  | — |  |  | (613) |
Amounts reclassified to (from) AOCI |  | (7) |  |  | 4 |  |  | — |  |  | (3) |
Balance as of May 24, 2022 |  | $ | (471) |  |  | $ | 5 |  |  | $ | (3) |  |  | $ | (469) |
Successor |  | Change in Net Unrealized Investment Gains (Losses) |  | Change in Discount Rate for Future Policy Benefits |  | Change in Instrument- Specific Credit Risk for Market Risk Benefit |  | Defined Benefit Pension Plan Adjustment |  | Foreign Currency Translation / Other |  | Total
|  | (Dollars in millions)
Balance as of May 25, 2022 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Other comprehensive income (loss) before reclassifications |  | (740) |  |  | 253 |  |  | 21 |  |  | — |  |  | (1) |  |  | (467) |
Amounts reclassified to (from) AOCI |  | 18 |  |  | — |  |  | — |  |  | 1 |  |  | — |  |  | 19 |
Balance as of December 31, 2022 |  | (722) |  |  | 253 |  |  | 21 |  |  | 1 |  |  | (1) |  |  | (448) |
Other comprehensive income (loss) before reclassifications |  | 461 |  |  | (188) |  |  | (25) |  |  | — |  |  | — |  |  | 248 |
Amounts reclassified to (from) AOCI |  | 75 |  |  | — |  |  | — |  |  | 107 |  |  | — |  |  | 182 |
Deferred income tax benefit (expense) |  | (113) |  |  | 40 |  |  | 5 |  |  | (23) |  |  | — |  |  | (91) |
Balance as of December 31, 2023 |  | (299) |  |  | 105 |  |  | 1 |  |  | 85 |  |  | (1) |  |  | (109) |
Other comprehensive income (loss) before reclassifications |  | 605 |  |  | 221 |  |  | (249) |  |  | 23 |  |  | (31) |  |  | 569 |
Amounts reclassified to (from) AOCI |  | 13 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 13 |
Deferred income tax benefit (expense) |  | (142) |  |  | (47) |  |  | 52 |  |  | (5) |  |  | 9 |  |  | (133) |
Balance at December 31, 2024 |  | $ | 177 |  |  | $ | 279 |  |  | $ | (196) |  |  | $ | 103 |  |  | $ | (23) |  |  | $ | 340 |

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