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Consolidated Statements of Equity - USD ($)
$ in Millions
Total
Cumulative effect of change in accounting principle, net of income tax
Cumulative Effect, Adjusted Balance
Preferred Stock
Preferred Stock
Cumulative Effect, Adjusted Balance
Common Stock
Common Stock
Cumulative Effect, Adjusted Balance
Additional Paid-in Capital
Additional Paid-in Capital
Cumulative Effect, Adjusted Balance
Retained Earnings (Deficit)
Retained Earnings (Deficit)
Cumulative effect of change in accounting principle, net of income tax
Retained Earnings (Deficit)
Cumulative Effect, Adjusted Balance
Treasury Stock at Cost
Treasury Stock at Cost
Cumulative Effect, Adjusted Balance
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
Cumulative effect of change in accounting principle, net of income tax
Accumulated Other Comprehensive Income (Loss)
Cumulative Effect, Adjusted Balance
Brighthouse Financial, Inc.’s Stockholders’ Equity
Brighthouse Financial, Inc.’s Stockholders’ Equity
Cumulative effect of change in accounting principle, net of income tax
Brighthouse Financial, Inc.’s Stockholders’ Equity
Cumulative Effect, Adjusted Balance
Noncontrolling Interests
Noncontrolling Interests
Cumulative Effect, Adjusted Balance
Beginning Balance at Dec. 31, 2019 $ 16,237 $ (11) $ 16,226 $ 0 $ 0 $ 1 $ 1 $ 12,908 $ 12,908 $ 585 $ (14) $ 571 $ (562) $ (562) $ 3,240 $ 3 $ 3,243 $ 16,172 $ (11) $ 16,161 $ 65 $ 65
Preferred stock issuances 948     0       948                   948        
Treasury stock acquired in connection with share repurchases (473)                       (473)         (473)        
Share-based compensation 19         0   22         (3)         19        
Dividends on preferred stock (44)                 (44)               (44)        
Change in noncontrolling interests (5)                                 0     (5)  
Net income (loss) available to Brighthouse Financial, Inc.’s common shareholders (1,105)                 (1,061)               (1,061)     5  
Net income (loss) (1,056)                                          
Other comprehensive income (loss), net of income tax 2,473                           2,473     2,473        
Ending Balance at Dec. 31, 2020 18,088     0   1   13,878   (534)     (1,038)   5,716     18,023     65  
Preferred stock issuances 339     0       339                   339        
Treasury stock acquired in connection with share repurchases (499)                       (499)         (499)        
Share-based compensation 20         0   26         (6)         20        
Dividends on preferred stock (89)             (89)                   (89)        
Change in noncontrolling interests (5)                                 0     (5)  
Net income (loss) available to Brighthouse Financial, Inc.’s common shareholders (197)                 (108)               (108)     5  
Net income (loss) (103)                                          
Other comprehensive income (loss), net of income tax (1,544)                           (1,544)     (1,544)        
Ending Balance at Dec. 31, 2021 16,207     0   1   14,154   (642)     (1,543)   4,172     16,142     65  
Treasury stock acquired in connection with share repurchases (488)                       (488)         (488)        
Share-based compensation 14         0   25         (11)         14        
Dividends on preferred stock (104)             (104)                   (104)        
Change in noncontrolling interests (5)                                 0     (5)  
Net income (loss) available to Brighthouse Financial, Inc.’s common shareholders (99)                 5               5     5  
Net income (loss) 10                                          
Other comprehensive income (loss), net of income tax (9,596)                           (9,596)     (9,596)        
Ending Balance at Dec. 31, 2022 $ 6,038     $ 0   $ 1   $ 14,075   $ (637)     $ (2,042)   $ (5,424)     $ 5,973     $ 65