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FAIR VALUE MEASUREMENTS - Fair Value Measurement Inputs and Valuation Techniques (Details)
$ in Millions
Sep. 30, 2021
USD ($)
Dec. 31, 2020
USD ($)
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities $ 100,722 $ 105,882
Equity securities 1,461 1,283
Asset derivatives 745 583
Liability derivatives 1,270 697
Assets, fair value 110,969 114,028
Liabilities, fair value 1,270 697
Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 1,170 1,017
Equity securities 161 102
Asset derivatives 99 133
Assets, fair value 1,430 1,252
Liabilities, fair value 356 231
Net asset value valuation technique    
Fair Value Measurement Inputs and Valuation Techniques    
Equity securities 161 102
Net asset value valuation technique | Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Equity securities 161 102
Foreign currency swaps    
Fair Value Measurement Inputs and Valuation Techniques    
Asset derivatives 151 180
Liability derivatives 378 312
Foreign currency swaps | Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Asset derivatives 99 133
Liability derivatives 356 231
Foreign currency swaps | Fair Value, Unobservable Input, Interest Rates (USD), Interest Rates (JPY) and CDS Spreads | Discounted cash flow technique | Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Asset derivatives 34 69
Liability derivatives 167 160
Foreign currency swaps | Fair Value, Unobservable Input, Interest Rates (USD) and Interest Rates (JPY) | Discounted cash flow technique | Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Asset derivatives 65 64
Liability derivatives $ 189 $ 71
Foreign currency swaps | Credit Spread | Fair Value, Unobservable Input, Interest Rates (USD), Interest Rates (JPY) and CDS Spreads | Lower Limit | Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Derivative asset, measurement input 0.0023 0.0022
Derivative liability, measurement input 0.0023 0.0041
Foreign currency swaps | Credit Spread | Fair Value, Unobservable Input, Interest Rates (USD), Interest Rates (JPY) and CDS Spreads | Upper Limit | Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Derivative asset, measurement input 0.0124 0.0128
Derivative liability, measurement input 0.0182 0.0140
Dollar-denominated    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities $ 40,568 $ 41,611
Equity securities $ 667 $ 603
Dollar-denominated | Foreign currency swaps | Discount Rate | Fair Value, Unobservable Input, Interest Rates (USD), Interest Rates (JPY) and CDS Spreads | Lower Limit | Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Derivative asset, measurement input [1] 0.0151 0.0093
Derivative liability, measurement input [1] 0.0151 0.0093
Dollar-denominated | Foreign currency swaps | Discount Rate | Fair Value, Unobservable Input, Interest Rates (USD), Interest Rates (JPY) and CDS Spreads | Upper Limit | Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Derivative asset, measurement input [1] 0.0179 0.0140
Derivative liability, measurement input [1] 0.0179 0.0112
Dollar-denominated | Foreign currency swaps | Discount Rate | Fair Value, Unobservable Input, Interest Rates (USD) and Interest Rates (JPY) | Lower Limit | Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Derivative asset, measurement input [1] 0.0151 0.0093
Derivative liability, measurement input [1] 0.0151 0.0093
Dollar-denominated | Foreign currency swaps | Discount Rate | Fair Value, Unobservable Input, Interest Rates (USD) and Interest Rates (JPY) | Upper Limit | Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Derivative asset, measurement input [1] 0.0179 0.0140
Derivative liability, measurement input [1] 0.0179 0.0112
Yen-denominated    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities $ 60,154 $ 64,271
Equity securities $ 753 $ 680
Yen-denominated | Foreign currency swaps | Discount Rate | Fair Value, Unobservable Input, Interest Rates (USD), Interest Rates (JPY) and CDS Spreads | Lower Limit | Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Derivative asset, measurement input [2] 0.0011 0.0005
Derivative liability, measurement input [2] 0.0011 0.0005
Yen-denominated | Foreign currency swaps | Discount Rate | Fair Value, Unobservable Input, Interest Rates (USD), Interest Rates (JPY) and CDS Spreads | Upper Limit | Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Derivative asset, measurement input [2] 0.0053 0.0043
Derivative liability, measurement input [2] 0.0053 0.0035
Yen-denominated | Foreign currency swaps | Discount Rate | Fair Value, Unobservable Input, Interest Rates (USD) and Interest Rates (JPY) | Lower Limit | Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Derivative asset, measurement input [2] 0.0011 0.0005
Derivative liability, measurement input [2] 0.0011 0.0005
Yen-denominated | Foreign currency swaps | Discount Rate | Fair Value, Unobservable Input, Interest Rates (USD) and Interest Rates (JPY) | Upper Limit | Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Derivative asset, measurement input [2] 0.0053 0.0043
Derivative liability, measurement input [2] 0.0053 0.0035
Mortgage- and asset-backed securities    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities $ 1,292 $ 1,038
Mortgage- and asset-backed securities | Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 250 224
Mortgage- and asset-backed securities | Consensus pricing valuation technique    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 271 674
Mortgage- and asset-backed securities | Consensus pricing valuation technique | Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 250 224
Mortgage- and asset-backed securities | Dollar-denominated    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 962 670
Mortgage- and asset-backed securities | Yen-denominated    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 330 368
Public utilities    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 10,315 10,817
Public utilities | Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 523 422
Public utilities | Discounted cash flow technique    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 524 422
Public utilities | Discounted cash flow technique | Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 523 422
Public utilities | Dollar-denominated    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 4,803 4,945
Public utilities | Yen-denominated    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 5,512 5,872
Sovereign and supranational    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 1,142 1,382
Sovereign and supranational | Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 45 48
Sovereign and supranational | Discounted cash flow technique    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 45 48
Sovereign and supranational | Discounted cash flow technique | Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 45 48
Sovereign and supranational | Dollar-denominated    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 280 293
Sovereign and supranational | Yen-denominated    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 862 1,089
Banks/financial institutions    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 11,742 12,060
Banks/financial institutions | Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 46 24
Banks/financial institutions | Consensus pricing valuation technique    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 46 24
Banks/financial institutions | Consensus pricing valuation technique | Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 46 24
Banks/financial institutions | Dollar-denominated    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 3,825 3,724
Banks/financial institutions | Yen-denominated    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 7,917 8,336
Other corporate    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 38,068 40,217
Other corporate | Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 306 299
Other corporate | Discounted cash flow technique    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 312 331
Other corporate | Discounted cash flow technique | Level 3    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 306 299
Other corporate | Dollar-denominated    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities 29,138 30,393
Other corporate | Yen-denominated    
Fair Value Measurement Inputs and Valuation Techniques    
Available for sale, fixed maturity securities $ 8,930 $ 9,824
[1] Inputs derived from U.S. long-term rates to accommodate long maturity nature of the Company's swaps
[2] Inputs derived from Japan long-term rates to accommodate long maturity nature of the Company's swaps