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Net Income (Loss) Per Common Share - Calculations for Basic and Diluted Earnings Per Share (Detail) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Numerator:        
Net income (loss)—basic and diluted $ 703 $ 909 $ 1,323 $ (317)
Denominator:        
Basic weighted-average common shares outstanding (in shares) 161.1 160.8 161.1 161.5
Diluted weighted-average shares 162.9 161.5 162.7 161.5
Earnings (loss) per share:        
Basic (in USD per share) $ 4.36 $ 5.65 $ 8.21 $ (1.96)
Diluted (in USD per share) $ 4.31 $ 5.63 $ 8.13 $ (1.96)
Number of anti-dilutive stock-based awards (in shares) 0.4 2.7 1.0 2.6
Cincinnati Global        
Earnings (loss) per share:        
Change in deferred tax assets $ 3   $ 4  
Change in deferred tax valuation allowance $ 3   $ 4  
Stock Options        
Denominator:        
Effect of stock-based awards (in shares) 1.2 0.3 1.0 0.0
Nonvested shares        
Denominator:        
Effect of stock-based awards (in shares) 0.6 0.4 0.6 0.0