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CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
shares in Thousands, $ in Millions
Total
Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Earnings (Loss)
Treasury Stock
Non-controlling Interest
Beginning balance (in shares) at Dec. 31, 2018   290,000       14,000  
Beginning balance at Dec. 31, 2018 $ 4,628 $ 0 $ 4,500 $ 641 $ (13) $ (498) $ (2)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Exercise of stock options (in shares)   2,000          
Exercise of stock options 35   35        
Purchase of additional share in consolidated subsidiaries (14)   4       (18)
Treasury stock repurchased (in shares)           (2,000)  
Treasury stock repurchased (82)         $ (82)  
Change in reinsurance liabilities held at fair value resulting from a change in instrument-specific credit risk [1] 0            
Other comprehensive earnings/gain (loss) - unrealized gain on investments and other financial instruments 53       53    
Other comprehensive earnings - unrealized gain (loss) on investments in unconsolidated affiliates 9 [2]       9    
Other comprehensive earnings - unrealized loss on foreign currency translation 1 [3]       1    
Reclassification adjustments for change in unrealized gains and losses included in net earnings (4) [4]       (4)    
Stock-based compensation 27   27        
Dividends declared, per common share (256)     (256)      
Subsidiary dividends declared to non-controlling interests (8)           (8)
Net earnings 732     722     10
Ending balance (in shares) at Sep. 30, 2019   292,000       16,000  
Ending balance at Sep. 30, 2019 5,121 $ 0 4,566 1,107 46 $ (580) (18)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Noncontrolling Interest, Increase from Sale of Parent Equity Interest     0       0
Beginning Balance at Dec. 31, 2018 344            
Increase (Decrease) in Temporary Equity [Roll Forward]              
Redemption of Servicelink non-controlling interest 0            
Ending Balance at Sep. 30, 2019 344            
Beginning balance (in shares) at Jun. 30, 2019   290,000       15,000  
Beginning balance at Jun. 30, 2019 4,952 $ 0 4,528 942 36 $ (544) (10)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Exercise of stock options (in shares)   2,000          
Exercise of stock options 29   29        
Purchase of additional share in consolidated subsidiaries (10)           (10)
Treasury stock repurchased (in shares)           (1,000)  
Treasury stock repurchased (36)         $ (36)  
Change in reinsurance liabilities held at fair value resulting from a change in instrument-specific credit risk [1] 0            
Other comprehensive earnings/gain (loss) - unrealized gain on investments and other financial instruments 10       10    
Other comprehensive earnings - unrealized gain (loss) on investments in unconsolidated affiliates 2 [2]       2    
Other comprehensive earnings - unrealized loss on foreign currency translation (2) [3]       (2)    
Reclassification adjustments for change in unrealized gains and losses included in net earnings [4] 0            
Stock-based compensation 9   9        
Dividends declared, per common share (85)     (85)      
Subsidiary dividends declared to non-controlling interests (4)           (4)
Net earnings 256     250     6
Ending balance (in shares) at Sep. 30, 2019   292,000       16,000  
Ending balance at Sep. 30, 2019 5,121 $ 0 4,566 1,107 46 $ (580) (18)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Noncontrolling Interest, Increase from Sale of Parent Equity Interest     0       0
Beginning Balance at Jun. 30, 2019 344            
Increase (Decrease) in Temporary Equity [Roll Forward]              
Redemption of Servicelink non-controlling interest 0            
Ending Balance at Sep. 30, 2019 344            
Beginning balance (in shares) at Dec. 31, 2019   292,000       17,000  
Beginning balance at Dec. 31, 2019 5,365 $ 0 4,581 1,356 43 $ (598) (17)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Exercise of stock options (in shares)   3,000          
Exercise of stock options 48   48        
Treasury stock repurchased (in shares)           (3,000)  
Treasury stock repurchased (104)         $ (104)  
F&G acquisition (in shares)   25,000       7,000  
F&G acquisition 609   826     $ (217)  
Change in reinsurance liabilities held at fair value resulting from a change in instrument-specific credit risk (1) [1]       (1)    
Other comprehensive earnings/gain (loss) - unrealized gain on investments and other financial instruments 683            
Other comprehensive earnings - unrealized gain (loss) on investments in unconsolidated affiliates 5 [2]       5    
Other comprehensive earnings - unrealized loss on foreign currency translation 1 [3]       1    
Reclassification adjustments for change in unrealized gains and losses included in net earnings (11) [4]       (11)    
Stock-based compensation 29   29   0    
Dividends declared, per common share (284)     (284)      
Subsidiary dividends declared to non-controlling interests (9)           (9)
Net earnings 646     626     20
Ending balance (in shares) at Sep. 30, 2020   320,000       27,000  
Ending balance at Sep. 30, 2020 7,182 $ 0 5,642 1,698 720 $ (919) 41
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Noncontrolling Interest, Increase from Sale of Parent Equity Interest 205   158       47
Beginning Balance at Dec. 31, 2019 344            
Increase (Decrease) in Temporary Equity [Roll Forward]              
Redemption of Servicelink non-controlling interest (344)            
Ending Balance at Sep. 30, 2020 0            
Beginning balance (in shares) at Jun. 30, 2020   318,000       27,000  
Beginning balance at Jun. 30, 2020 6,349 $ 0 5,431 1,417 429 $ (919) (9)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Exercise of stock options (in shares)   1,000          
Exercise of stock options 11   11        
Redemption of Servicelink non-controlling interest 205   158       47
F&G acquisition (in shares)   1,000          
F&G acquisition 32   32        
Change in reinsurance liabilities held at fair value resulting from a change in instrument-specific credit risk (4) [1]       (4)    
Other comprehensive earnings/gain (loss) - unrealized gain on investments and other financial instruments 303       303    
Other comprehensive earnings - unrealized gain (loss) on investments in unconsolidated affiliates (2) [2]       (2)    
Other comprehensive earnings - unrealized loss on foreign currency translation 5 [3]       5    
Reclassification adjustments for change in unrealized gains and losses included in net earnings (11) [4]       (11)    
Stock-based compensation 10   10        
Dividends declared, per common share (97)     (97)      
Subsidiary dividends declared to non-controlling interests (4)           (4)
Net earnings 385     378     7
Ending balance (in shares) at Sep. 30, 2020   320,000       27,000  
Ending balance at Sep. 30, 2020 7,182 $ 0 5,642 $ 1,698 $ 720 $ (919) 41
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Noncontrolling Interest, Increase from Sale of Parent Equity Interest     $ 158       $ 47
Beginning Balance at Jun. 30, 2020 344            
Increase (Decrease) in Temporary Equity [Roll Forward]              
Redemption of Servicelink non-controlling interest (344)            
Ending Balance at Sep. 30, 2020 $ 0            
[1] Net of income tax benefit of $(1) million and less than $(1) million for the three and nine-month periods ended September 30, 2020, respectively.
[2] Net of income tax (benefit) expense of $(1) million and $1 million for the three-month periods ended September 30, 2020 and 2019, respectively, and $1 million and $3 million for the nine-month periods ended September 30, 2020 and 2019, respectively.
[3] Net of income tax expense (benefit) of $2 million and $(1) million for the three-month periods ended September 30, 2020 and 2019, respectively, and less than $1 million for the nine-month periods ended September 30, 2020 and 2019, respectively.
[4] Net of income tax expense $3 million for the three-month period ended September 30, 2020, and $3 million and $1 million for the nine-month periods ended September 30, 2020 and 2019, respectively.(5)Net of income tax benefit of $(1) million and less than $(1) million for the three and nine-month periods ended September 30, 2020, respectively.