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MONY CLOSED BLOCK OF BUSINESS - Summary of Financial Information of the Policyholder Dividend Obligation (Details) - USD ($)
$ in Millions
9 Months Ended 12 Months Ended
Sep. 30, 2021
Dec. 31, 2020
Sep. 30, 2020
Dec. 31, 2019
Closed block liabilities        
Future policy benefits, policyholders’ account balances and other policyholder liabilities $ 5,313 $ 5,406    
Policyholder dividend obligation 406 580 $ 474 $ 279
Other liabilities 14 7    
Total closed block liabilities 5,733 5,993    
Closed block assets        
Fixed maturities, available-for-sale, at fair value 4,720 4,903    
Commercial mortgage loans 68 68    
Policy loans 571 596    
Cash and other invested assets 12 46    
Other assets 92 91    
Total closed block assets 5,463 5,704    
Excess of reported closed block liabilities over closed block assets 270 289    
Portion of above representing accumulated other comprehensive income:        
Net unrealized gains (losses) - net of policyholder dividend obligation: 2021 - $327 and 2020 - $493; and net of income tax: 2021 - $(69) and 2020 - $(104) 0 0    
Future earnings to be recognized from closed block assets and closed block liabilities 270 289    
Policyholder dividend obligations 327 493    
Income tax expense (benefit) $ (69) $ (104)