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Equity (Tables)
 9 Months Ended
Sep. 30, 2019
Equity [Abstract]  
Components of Accumulated Other Comprehensive Income (Loss)
Information regarding changes in the balances of each component of AOCI was as follows:
 
Three Months Ended
 September 30, 2019
 
Unrealized
Investment Gains
(Losses), Net of
Related Offsets (1)
 
Unrealized
Gains (Losses)
on Derivatives
 
Foreign
Currency
Translation
Adjustments
 
Defined Benefit Plans Adjustment
 
Total
 
(In millions)
Balance, June 30, 2019
$
2,564

 
$
181

 
$
(20
)
 
$
(23
)
 
$
2,702

OCI before reclassifications
970

 
160

 
(3
)
 
—

 
1,127

Deferred income tax benefit (expense)
(204
)
 
(33
)
 
—

 
—

 
(237
)
AOCI before reclassifications, net of income tax
3,330

 
308

 
(23
)
 
(23
)
 
3,592

Amounts reclassified from AOCI
(30
)
 
(1
)
 
—

 
—

 
(31
)
Deferred income tax benefit (expense)
6

 
—

 
—

 
—

 
6

Amounts reclassified from AOCI, net of income tax
(24
)
 
(1
)
 
—

 
—

 
(25
)
Balance, September 30, 2019
$
3,306

 
$
307

 
$
(23
)
 
$
(23
)
 
$
3,567

 
Three Months Ended
 September 30, 2018
 
Unrealized
Investment Gains
(Losses), Net of
Related Offsets (1)
 
Unrealized
Gains (Losses)
on Derivatives
 
Foreign
Currency
Translation
Adjustments
 
Defined Benefit Plans Adjustment
 
Total
 
(In millions)
Balance, June 30, 2018
$
690

 
$
168

 
$
(19
)
 
$
(24
)
 
$
815

OCI before reclassifications
(310
)
 
(7
)
 
(7
)
 
—

 
(324
)
Deferred income tax benefit (expense)
66

 
1

 
1

 
—

 
68

AOCI before reclassifications, net of income tax
446

 
162

 
(25
)
 
(24
)
 
559

Amounts reclassified from AOCI
38

 
(47
)
 
—

 
—

 
(9
)
Deferred income tax benefit (expense)
(8
)
 
10

 
—

 
—

 
2

Amounts reclassified from AOCI, net of income tax
30

 
(37
)
 
—

 
—

 
(7
)
Balance, September 30, 2018
$
476

 
$
125

 
$
(25
)
 
$
(24
)
 
$
552

 
Nine Months Ended
 September 30, 2019
 
Unrealized
Investment Gains
(Losses), Net of
Related Offsets (1)
 
Unrealized
Gains (Losses)
on Derivatives
 
Foreign
Currency
Translation
Adjustments
 
Defined Benefit Plans Adjustment
 
Total
 
(In millions)
Balance, December 31, 2018
$
576

 
$
187

 
$
(27
)
 
$
(20
)
 
$
716

OCI before reclassifications
3,515

 
201

 
4

 
(3
)
 
3,717

Deferred income tax benefit (expense)
(738
)
 
(42
)
 
—

 
—

 
(780
)
AOCI before reclassifications, net of income tax
3,353

 
346

 
(23
)
 
(23
)
 
3,653

Amounts reclassified from AOCI
(59
)
 
(49
)
 
—

 
—

 
(108
)
Deferred income tax benefit (expense)
12

 
10

 
—

 
—

 
22

Amounts reclassified from AOCI, net of income tax
(47
)
 
(39
)
 
—

 
—

 
(86
)
Balance, September 30, 2019
$
3,306

 
$
307

 
$
(23
)
 
$
(23
)
 
$
3,567

 
Nine Months Ended
 September 30, 2018
 
Unrealized
Investment Gains
(Losses), Net of
Related Offsets (1)
 
Unrealized
Gains (Losses)
on Derivatives
 
Foreign
Currency
Translation
Adjustments
 
Defined Benefit Plans Adjustment
 
Total
 
(In millions)
Balance, December 31, 2017
$
1,572

 
$
154

 
$
(24
)
 
$
(26
)
 
$
1,676

Cumulative effect of change in accounting principle, net of income tax
(79
)
 
—

 
—

 
—

 
(79
)
Balance, January 1, 2018
1,493

 
154

 
(24
)
 
(26
)
 
1,597

OCI before reclassifications
(1,448
)
 
28

 
(1
)
 
3

 
(1,418
)
Deferred income tax benefit (expense)
325

 
(6
)
 
—

 
(1
)
 
318

AOCI before reclassifications, net of income tax
370

 
176

 
(25
)
 
(24
)
 
497

Amounts reclassified from AOCI
138

 
(65
)
 
—

 
—

 
73

Deferred income tax benefit (expense)
(32
)
 
14

 
—

 
—

 
(18
)
Amounts reclassified from AOCI, net of income tax
106

 
(51
)
 
—

 
—

 
55

Balance, September 30, 2018
$
476

 
$
125

 
$
(25
)
 
$
(24
)
 
$
552

__________________
(1)
See Note 4 for information on offsets to investments related to future policy benefits, DAC, VOBA and DSI.
Reclassification out of Accumulated Other Comprehensive Income (Loss)
Information regarding amounts reclassified out of each component of AOCI was as follows:
AOCI Components
 
Amounts Reclassified from AOCI
 
Consolidated Statements of Operations and Comprehensive Income (Loss) Locations
 
 
Three Months Ended
 September 30,
 
Nine Months Ended
 September 30,
 
 
 
 
2019
 
2018
 
2019
 
2018
 
 
 
 
(In millions)
 
 
Net unrealized investment gains (losses):
 
 
 
 
 
 
 
 
 
 
Net unrealized investment gains (losses)
 
$
31

 
$
(36
)
 
$
86

 
$
(137
)
 
Net investment gains (losses)
Net unrealized investment gains (losses)
 
—

 
—

 
—

 
1

 
Net investment income
Net unrealized investment gains (losses)
 
(1
)
 
(2
)
 
(27
)
 
(2
)
 
Net derivative gains (losses)
Net unrealized investment gains (losses), before income tax
 
30

 
(38
)
 
59

 
(138
)
 
 
Income tax (expense) benefit
 
(6
)
 
8

 
(12
)
 
32

 
 
 Net unrealized investment gains (losses), net of income tax
 
24

 
(30
)
 
47

 
(106
)
 
 
Unrealized gains (losses) on derivatives - cash flow hedges:
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
 
—

 
15

 
28

 
31

 
Net derivative gains (losses)
Interest rate swaps
 
1

 
—

 
2

 
2

 
Net investment income
Interest rate forwards
 
—

 
31

 
—

 
31

 
Net derivative gains (losses)
Interest rate forwards
 
—

 
1

 
—

 
2

 
Net investment income
Foreign currency swaps
 
—

 
—

 
19

 
(1
)
 
Net derivative gains (losses)
Gains (losses) on cash flow hedges, before income tax
 
1

 
47

 
49

 
65

 
 
Income tax (expense) benefit
 
—

 
(10
)
 
(10
)
 
(14
)
 
 
Gains (losses) on cash flow hedges, net of income tax
 
1

 
37

 
39

 
51

 
 
Total reclassifications, net of income tax
 
$
25

 
$
7

 
$
86

 
$
(55
)