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OFFSETTING OF ASSETS AND LIABILITIES - Offsetting of Derivative Assets (Details) - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Offsetting of Derivative Assets    
Other long-term investments $ 1,447 $ 1,636
Gross Amounts Offset in the Balance Sheet 0 0
Net Amounts of Assets Presented in the Balance Sheet, Including not subject to master netting arrangement 1,447 1,636
Gross Amounts Not Offset in the Balance Sheet, Financial Instruments, subject to master netting arrangement 806 865
Gross Amounts Not Offset in the Balance Sheet, Collateral Received 178 290
Net Amount 463 481
Free-Standing derivatives    
Offsetting of Derivative Assets    
Gross Amounts of Recognized Assets, subject to master netting arrangement 1,152 1,337
Gross Amounts Offset in the Balance Sheet 0 0
Net Amounts of Assets Presented in the Balance Sheet, Including not subject to master netting arrangement 1,152 1,337
Gross Amounts Not Offset in the Balance Sheet, Financial Instruments, not subject to master netting arrangement 806 865
Gross Amounts Not Offset in the Balance Sheet, Collateral Received 178 290
Net Amount 168 182
Total derivatives, subject to a master netting arrangement or similar arrangement    
Offsetting of Derivative Assets    
Gross Amounts of Recognized Assets, subject to master netting arrangement 1,152 1,337
Gross Amounts Offset in the Balance Sheet 0 0
Net Amounts of Assets Presented in the Balance Sheet, Including not subject to master netting arrangement 1,152 1,337
Gross Amounts Not Offset in the Balance Sheet, Financial Instruments, not subject to master netting arrangement 806 865
Gross Amounts Not Offset in the Balance Sheet, Collateral Received 178 290
Net Amount 168 182
Embedded derivative - Modco reinsurance treaties    
Offsetting of Derivative Assets    
Other long-term investments 62 101
Gross Amounts Offset in the Balance Sheet 0 0
Net Amounts of Assets Presented in the Balance Sheet, Including not subject to master netting arrangement 62 101
Gross Amounts Not Offset in the Balance Sheet, Financial Instruments, subject to master netting arrangement 0 0
Gross Amounts Not Offset in the Balance Sheet, Collateral Received 0 0
Net Amount 62 101
Embedded derivative - GLWB    
Offsetting of Derivative Assets    
Other long-term investments 169 138
Gross Amounts Offset in the Balance Sheet 0 0
Net Amounts of Assets Presented in the Balance Sheet, Including not subject to master netting arrangement 169 138
Gross Amounts Not Offset in the Balance Sheet, Financial Instruments, subject to master netting arrangement 0 0
Gross Amounts Not Offset in the Balance Sheet, Collateral Received 0 0
Net Amount 169 138
Derivatives with PLC    
Offsetting of Derivative Assets    
Other long-term investments 0  
Gross Amounts Offset in the Balance Sheet 0  
Net Amounts of Assets Presented in the Balance Sheet, Including not subject to master netting arrangement 0  
Gross Amounts Not Offset in the Balance Sheet, Financial Instruments, subject to master netting arrangement 0  
Gross Amounts Not Offset in the Balance Sheet, Collateral Received 0  
Net Amount 0  
Embedded derivative - FIA    
Offsetting of Derivative Assets    
Other long-term investments 64 60
Gross Amounts Offset in the Balance Sheet 0 0
Net Amounts of Assets Presented in the Balance Sheet, Including not subject to master netting arrangement 64 60
Gross Amounts Not Offset in the Balance Sheet, Financial Instruments, subject to master netting arrangement 0 0
Gross Amounts Not Offset in the Balance Sheet, Collateral Received 0 0
Net Amount 64 60
Total derivatives, not subject to a master netting arrangement or similar arrangement    
Offsetting of Derivative Assets    
Other long-term investments 295 299
Gross Amounts Offset in the Balance Sheet 0 0
Net Amounts of Assets Presented in the Balance Sheet, Including not subject to master netting arrangement 295 299
Gross Amounts Not Offset in the Balance Sheet, Financial Instruments, subject to master netting arrangement 0 0
Gross Amounts Not Offset in the Balance Sheet, Collateral Received 0 0
Net Amount $ 295 $ 299