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DERIVATIVE INSTRUMENTS - Gains (Losses) Recognized on Fair Value Hedging Relationships (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Fixed-maturity securities and equity securities | Foreign currency forwards    
Derivative Instruments, Gain (Loss) [Line Items]    
Total gains (losses) recognized for derivatives $ 341  
Gains (losses) on derivatives excluded from effectiveness testing (48)  
Gains (losses) on derivatives included in effectiveness testing 389  
Gains (losses) recognized for hedged items (372)  
Ineffectiveness recognized for fair value hedge 17  
Fixed maturities | Foreign currency forwards    
Derivative Instruments, Gain (Loss) [Line Items]    
Total gains (losses) recognized for derivatives   $ 857
Gains (losses) on derivatives excluded from effectiveness testing   (44)
Gains (losses) on derivatives included in effectiveness testing   901
Gains (losses) recognized for hedged items   (882)
Ineffectiveness recognized for fair value hedge   19
Fixed maturities | Foreign currency options    
Derivative Instruments, Gain (Loss) [Line Items]    
Total gains (losses) recognized for derivatives 24 (1)
Gains (losses) on derivatives excluded from effectiveness testing 13 (1)
Gains (losses) on derivatives included in effectiveness testing 11 0
Gains (losses) recognized for hedged items (10) 0
Ineffectiveness recognized for fair value hedge $ 1 $ 0