XML 189 R165.htm IDEA: XBRL DOCUMENT v3.22.0.1
Schedule II Genworth Financial, Inc. (Parent Company Only) - Additional Information (Detail) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2021
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Dec. 31, 2020
Sep. 30, 2020
[1]
Jun. 30, 2020
[1]
Mar. 31, 2020
[1]
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Apr. 01, 2013
Condensed Financial Statements, Captions [Line Items]                        
Deferred tax asset $ 960       $ 1,084       $ 960 $ 1,084    
Current income tax payable 2       32       2 32    
Net cash received (paid) for taxes                 7 (3) $ (1)  
Loss from discontinued operations, net of taxes (1) $ 12 $ (5) $ 21 (35) [1] $ 34 $ (473) $ (12) 27 (486) 148  
Parent Company                        
Condensed Financial Statements, Captions [Line Items]                        
Deferred tax asset 4       13       4 13    
Current income tax receivable $ 2               2      
Current income tax payable         $ 3         3    
Net cash received (paid) for taxes                 (4) 0 21  
Loss from discontinued operations, net of taxes                 $ 0 1 $ 0  
Genworth Holdings                        
Condensed Financial Statements, Captions [Line Items]                        
Percentage of subsidiary equity ownership                       100.00%
Loans to related party forgiven                   129    
Loss from discontinued operations, net of taxes                   $ 549    
[1] In the fourth quarter of 2020, we recorded a loss from discontinued operations, net of taxes, of $35 million principally attributed to expenses associated with the promissory note owed to AXA and from a $5 million net loss in Genworth Australia. The expenses associated with the promissory note mostly consisted of foreign currency remeasurement losses of $26 million, unfavorable tax charges of $17 million and other expenses of $8 million. These expenses were partially offset by derivative hedge gains of $21 million associated with foreign currency forward contracts entered into to mitigate our exposure to the installment payments to be made in British Pounds in 2022. See note 23 for additional details on discontinued operations.