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Equity (Tables)
9 Months Ended
Sep. 30, 2023
Stockholders' Equity Note [Abstract]  
Common Stock Disclosure
The changes in the number of shares of Common Stock issued, held in treasury and outstanding, are as follows for the periods indicated:
 Common Stock
 IssuedHeld In
Treasury
Outstanding
 (in millions)
Balance, December 31, 2022666.3 300.3 366.0 
Common Stock issued0.0 0.0 0.0 
Common Stock acquired0.0 8.3 (8.3)
Stock-based compensation programs(1)0.0 (3.6)3.6 
Balance, September 30, 2023666.3 305.0 361.3 
__________ 
(1)Represents net shares issued from treasury pursuant to the Company’s stock-based compensation programs.
Dividends Declared
Dividends declared per share of Common Stock are as follows for the periods indicated:

 Three Months Ended
September 30,
Nine Months Ended
September 30,
 2023202220232022
Dividends declared per share of Common Stock$1.25 $1.20 $3.75 $3.60 
Components of Accumulated Other Comprehensive Income (Loss) The balance of and changes in each component of AOCI as of and for the nine months ended September 30, 2023 and 2022, are as follows:
 Accumulated Other Comprehensive Income (Loss) Attributable to
Prudential Financial, Inc.
 Foreign 
Currency
Translation
Adjustment
Net Unrealized
Investment 
Gains
(Losses)(1)
Interest rate remeasurement of Liability for Future Policy BenefitsGains (losses) from Changes in Non-performance Risk on Market Risk BenefitsPension and
Postretirement
Unrecognized Net
Periodic Benefit
(Cost)
Total
Accumulated
Other
Comprehensive
Income (Loss)
 (in millions)
Balance, December 31, 2022$(2,274)$(16,195)$15,242 $1,448 $(2,027)$(3,806)
Change in OCI before reclassifications(650)(10,094)5,529 (528)15 (5,728)
Amounts reclassified from AOCI615 52 668 
Income tax benefit (expense)(93)2,213 (1,177)111 (19)1,035 
Balance, September 30, 2023$(3,016)$(23,461)$19,594 $1,031 $(1,979)$(7,831)
 Accumulated Other Comprehensive Income (Loss) Attributable to
Prudential Financial, Inc.
Foreign 
Currency
Translation
Adjustment
Net Unrealized
Investment 
Gains
(Losses)(1)
Interest rate remeasurement of Liability for Future Policy BenefitsGains (losses) from Changes in Non-performance Risk on Market Risk BenefitsPension and
Postretirement
Unrecognized Net
Periodic Benefit
(Cost)
Total
Accumulated
Other
Comprehensive
Income (Loss)
 (in millions)
Balance, December 31, 2021$(1,107)$26,640 $(33,220)$707 $(2,513)$(9,493)
Change in OCI before reclassifications(1,907)(56,260)64,087 1,299 383 7,602 
Amounts reclassified from AOCI21 126 122 269 
Income tax benefit (expense)(43)12,906 (15,082)(273)(116)(2,608)
Balance, September 30, 2022$(3,036)$(16,588)$15,785 $1,733 $(2,124)$(4,230)
    
__________
(1)Includes cash flow hedges of $1,947 million and $2,616 million as of September 30, 2023 and December 31, 2022, respectively, and $4,099 million and $1,019 million as of September 30, 2022 and December 31, 2021, respectively, and fair value hedges of $(18) million and $(54) million as of September 30, 2023 and December 31, 2022, respectively, and $(47) million and $(35) million as of September 30, 2022 and December 31, 2021, respectively.
Reclassification Out Of Accumulated Other Comprehensive Income (Loss)
Reclassifications out of Accumulated Other Comprehensive Income (Loss)

 Three Months Ended
September 30,
Nine Months Ended
September 30,
Affected line item in Consolidated Statements of Operations
 2023202220232022
 (in millions) 
Amounts reclassified from AOCI(1)(2):
Foreign currency translation adjustment:
Foreign currency translation adjustments$$(12)$(1)$(21)Realized investment gains (losses), net
Net unrealized investment gains (losses):
Cash flow hedges—Interest rate(3)(32)(3)(3)
Cash flow hedges—Currency11 10 (3)
Cash flow hedges—Currency/Interest rate221 383 286 1,040 (3)
Fair value hedges—Currency(2)(1)(6)(3)(3)
Net unrealized investment gains (losses) on available-for-sale securities(453)(113)(874)(1,170)Realized investment gains (losses), net
Total net unrealized investment gains (losses)(234)277 (615)(126)(4)
Amortization of defined benefit items:
Prior service cost(5)
Actuarial gain (loss)(20)(39)(59)(129)(5)
Total amortization of defined benefit items(17)(36)(52)(122)
Total reclassifications for the period$(251)$229 $(668)$(269)
__________
(1)All amounts are shown before tax.
(2)Positive amounts indicate gains/benefits reclassified out of AOCI. Negative amounts indicate losses/costs reclassified out of AOCI.
(3)See Note 5 for additional information regarding cash flow and fair value hedges.
(4)See table below for additional information regarding unrealized investment gains (losses), including the impact on deferred policy acquisition and other costs, future policy benefits and policyholders’ dividends.
(5)See Note 16 for additional information regarding employee benefit plans.
Net Unrealized Investment Gains (Losses) on AFS Fixed Maturity Securities with Allowance for Credit losses and All Other Investments AOCI Rollforward The amounts for the periods indicated below, split between amounts related to available-for-sale fixed maturity securities on which an allowance for credit losses has been recorded, and all other net unrealized investment gains (losses), are as follows:
Net Unrealized Investment Gains (Losses) on Available-for-Sale Fixed Maturity Securities on Which an Allowance for Credit Losses has been RecordedNet Unrealized
Gains (Losses)
on All Other Investments(1)
Reinsurance RecoverablesFuture Policy
Benefits,
Policyholders’
Account
Balances and
Reinsurance Payables
Policyholders’
Dividends
Income Tax Benefit (Expense)Accumulated Other Comprehensive Income (Loss) Related to Net Unrealized Investment Gains (Losses)
 (in millions)
Balance, December 31, 2022$(45)$(24,959)$(703)$1,946 $3,194 $4,372 $(16,195)
Net investment gains (losses) on investments arising during the period11 (10,154)2,368 (7,775)
Reclassification adjustment for (gains) losses included in net income(10)625 (144)471 
Reclassification due to allowance for credit losses recorded during the period(51)51 
Impact of net unrealized investment (gains) losses(270)703 (384)(11)38 
Balance, September 30, 2023$(95)$(34,437)$(973)$2,649 $2,810 $6,585 $(23,461)
__________
(1)Includes cash flow and fair value hedges. See Note 5 for additional information.