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DERIVATIVE INSTRUMENTS - Gains (Losses) Recognized on Fair Value Hedging Relationships (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Derivative Instruments, Gain (Loss) [Line Items]        
Total gains (losses) recognized for derivatives $ (30) $ (113) $ (22) $ 83
Gains (losses) on derivatives excluded from effectiveness testing [1] (35) (26) (66) (98)
Gains (losses) on derivatives included in effectiveness testing [2] 5 (87) 44 181
Gains (losses) recognized for hedged items [2] (4) 83 (43) (195)
Net realized gains (losses) recognized for fair value hedge 1 (4) 1 (14)
Fixed maturity securities | Foreign currency forwards        
Derivative Instruments, Gain (Loss) [Line Items]        
Total gains (losses) recognized for derivatives (19) (106) (4) 93
Gains (losses) on derivatives excluded from effectiveness testing [1] (24) (19) (48) (88)
Gains (losses) on derivatives included in effectiveness testing [2] 5 (87) 44 181
Gains (losses) recognized for hedged items [2] (4) 83 (43) (195)
Net realized gains (losses) recognized for fair value hedge 1 (4) 1 (14)
Fixed maturity securities | Foreign currency options        
Derivative Instruments, Gain (Loss) [Line Items]        
Total gains (losses) recognized for derivatives (5) (7) (9) (10)
Gains (losses) on derivatives excluded from effectiveness testing [1] (5) (7) (9) (10)
Gains (losses) on derivatives included in effectiveness testing [2] 0 0 0 0
Gains (losses) recognized for hedged items [2] 0 0 0 0
Net realized gains (losses) recognized for fair value hedge 0 $ 0 0 $ 0
Fixed maturity securities | Interest rate swaptions        
Derivative Instruments, Gain (Loss) [Line Items]        
Total gains (losses) recognized for derivatives (6)   (9)  
Gains (losses) on derivatives excluded from effectiveness testing [1] (6)   (9)  
Gains (losses) on derivatives included in effectiveness testing [2] 0   0  
Gains (losses) recognized for hedged items [2] 0   0  
Net realized gains (losses) recognized for fair value hedge $ 0   $ 0  
[1] Gains (losses) excluded from effectiveness testing includes the forward point on foreign currency forwards and time value change on foreign currency options which are reported in the consolidated statement of earnings as realized investment gains (losses). It also includes the change in the fair value of the interest rate swaptions related to the time value of the swaptions which is recognized as a component of other comprehensive income (loss).
[2] Gains and losses on foreign currency forwards and options and related hedged items are reported in the consolidated statement of earnings as realized investment gains (losses). For interest rate swaptions and related hedged items, gains and losses included in the hedge assessment, premium amortization and time value amortization while the hedge items are still outstanding are reported within net investment income. The time value gains and losses for interest rate swaptions when the related hedged items are redeemed are reported in realized investment gains and losses consistent with the impact of the hedged item. For the three-month and nine-month periods ended September 30, 2019, gains and losses included in the hedge assessment on interest rate swaptions and related hedged items were immaterial.