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Equity
 6 Months Ended
Jun. 30, 2022
Equity [Abstract]  
Accumulated Other Comprehensive Income
9. Equity

Distributions to Parent—In the first quarter of 2022, we distributed our investment in AOG units to AGM. See Note 10 – Related Parties for further information on the investment in AOG units. The AOG distribution resulted in a reduction of additional paid-in capital of $1,916 million and an increase in accumulated deficit of $26 million. In connection with the AOG distribution to AGM, we also issued a stock dividend of 11.6 million shares to the Apollo Group shareholders other than AGM. Additionally, we recorded a reestablishment of the liabilities that were considered effectively settled upon merger of $810 million, as these liabilities were settled during the first quarter of 2022 in the normal course of business as intercompany payables to AGM.

Accumulated Other Comprehensive Income (Loss)—The following provides the details and changes in AOCI:

Successor
(In millions)Unrealized investment gains (losses) on AFS securities without a credit allowanceUnrealized investment gains (losses) on AFS securities with a credit allowanceDAC, DSI, VOBA and future policy benefits adjustments on AFS securitiesUnrealized gains (losses) on hedging instrumentsForeign currency translation and other adjustmentsAccumulated other comprehensive income (loss)
Balance at March 31, 2022$(4,747)$(65)$211 $(79)$6 $(4,674)
Other comprehensive income (loss) before reclassifications
(7,568)(94)282 96 (58)(7,342)
Less: Reclassification adjustments for gains (losses) realized1
(116)7 2 15 — (92)
Less: Income tax expense (benefit)
(1,341)(18)59 17 — (1,283)
Less: Other comprehensive loss attributable to noncontrolling interests(862)(10)— 13 5 (854)
Balance at June 30, 2022$(9,996)$(138)$432 $(28)$(57)$(9,787)
1 Recognized in investment related gains (losses) on the condensed consolidated statements of income (loss).
Predecessor
(In millions)Unrealized investment gains (losses) on AFS securities without a credit allowanceUnrealized investment gains (losses) on AFS securities with a credit allowanceDAC, DSI, VOBA and future policy benefits adjustments on AFS securitiesUnrealized gains (losses) on hedging instrumentsForeign currency translation and other adjustmentsAccumulated other comprehensive income (loss)
Balance at March 31, 2021$2,808 $(29)$(717)$(49)$8 $2,021 
Other comprehensive income (loss) before reclassifications1
2,205 (15)(471)119 1 1,839 
Less: Reclassification adjustments for gains (losses) realized in net income1,2
39 (3)(9)27 — 54 
Less: Income tax expense (benefit)
421 (2)(97)23 — 345 
Less: Other comprehensive income (loss) attributable to noncontrolling interests130 (3)— (3)— 124 
Balance at June 30, 2021$4,423 $(36)$(1,082)$23 $9 $3,337 
1 Previously reported amounts have been revised to correct a misstatement, which was not material, in the classification of activity between other comprehensive income (loss) before reclassifications and reclassification adjustments for gains (losses) realized.
2 Recognized in investment related gains (losses) on the condensed consolidated statements of income (loss).

Successor
(In millions)Unrealized investment gains (losses) on AFS securities without a credit allowanceUnrealized investment gains (losses) on AFS securities with a credit allowanceDAC, DSI and future policy benefits adjustments on AFS securitiesUnrealized gains (losses) on hedging instrumentsForeign currency translation and other adjustmentsAccumulated other comprehensive income (loss)
Balance at January 1, 2022$— $— $— $— $— $— 
Other comprehensive income (loss) before reclassifications
(14,213)(191)550 (33)(54)(13,941)
Less: Reclassification adjustments for gains (losses) realized in net income1
(154)— 3 15 — (136)
Less: Income tax expense (benefit)
(2,525)(34)115 (9)— (2,453)
Less: Other comprehensive income (loss) attributable to noncontrolling interests(1,538)(19)— (11)3 (1,565)
Balance at June 30, 2022$(9,996)$(138)$432 $(28)$(57)$(9,787)
1 Recognized in investment related gains (losses) on the condensed consolidated statements of income (loss).
Predecessor
(In millions)Unrealized investment gains (losses) on AFS securities without a credit allowanceUnrealized investment gains (losses) on AFS securities with a credit allowanceDAC, DSI, VOBA and future policy benefits adjustments on AFS securitiesUnrealized gains (losses) on hedging instrumentsForeign currency translation and other adjustmentsAccumulated other comprehensive income (loss)
Balance at December 31, 2020$5,352 $(53)$(1,310)$(26)$8 $3,971 
Other comprehensive income (loss) before reclassifications1
(1,130)17 270 88 1 (754)
Less: Reclassification adjustments for gains (losses) realized1,2
78 (3)(19)27 — 83 
Less: Income tax expense (benefit)
(232)4 61 16 — (151)
Less: Other comprehensive income (loss) attributable to noncontrolling interests(47)(1)— (4)— (52)
Balance at June 30, 2021$4,423 $(36)$(1,082)$23 $9 $3,337 
1 Previously reported amounts have been revised to correct a misstatement, which was not material, in the classification of activity between other comprehensive income (loss) before reclassifications and reclassification adjustments for gains (losses) realized.
2 Recognized in investment related gains (losses) on the condensed consolidated statements of income (loss).