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Fair Value Measurements - The carrying value and fair value of financial instruments (Details) - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Financial assets:    
Mortgage loans $ 1,346 $ 1,329
Policy loans 161 164
Financial liabilities:    
Long-term debt 1,473 1,473
Level 1    
Financial assets:    
Cash and cash equivalents 1,673 2,314
Mortgage loans 0 0
Policy loans 0 0
Total financial assets not accounted for at fair value 1,673 2,314
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 1,408 1,619
Total financial liabilities not accounted for at fair value 1,408 1,619
Level 3    
Financial assets:    
Cash and cash equivalents 0 0
Mortgage loans 1,350 1,346
Policy loans 161 164
Total financial assets not accounted for at fair value 1,511 1,510
Financial liabilities:    
Annuity benefits accumulated [1] 39,773 40,182
Long-term debt 3 3
Total financial liabilities not accounted for at fair value 39,776 40,185
Carrying Value    
Financial assets:    
Cash and cash equivalents 1,673 2,314
Mortgage loans 1,346 1,329
Policy loans 161 164
Total financial assets not accounted for at fair value 3,180 3,807
Financial liabilities:    
Annuity benefits accumulated [1] 40,218 40,159
Long-term debt 1,473 1,473
Total financial liabilities not accounted for at fair value 41,691 41,632
Fair Value    
Financial assets:    
Cash and cash equivalents 1,673 2,314
Mortgage loans 1,350 1,346
Policy loans 161 164
Total financial assets not accounted for at fair value 3,184 3,824
Financial liabilities:    
Annuity benefits accumulated [1] 39,773 40,182
Long-term debt 1,411 1,622
Total financial liabilities not accounted for at fair value $ 41,184 $ 41,804
[1]
Excludes $245 million and $247 million of life contingent annuities in the payout phase at March 31, 2020 and December 31, 2019, respectively.