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FAIR VALUE MEASUREMENTS - Fair Value Measurement Inputs and Valuation Techniques (Details)
$ in Millions
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Fair Value Measurement Inputs and Valuation Technique    
Available for sale, fixed maturity securities $ 98,696 $ 105,882
Equity securities 1,603 1,283
Asset derivatives 936 583
Liability derivatives 1,619 697
Assets, fair value 108,012 114,028
Liabilities, fair value 1,619 697
Level 3    
Fair Value Measurement Inputs and Valuation Technique    
Available for sale, fixed maturity securities 1,298 1,017
Equity securities 173 102
Asset derivatives 0 133
Assets, fair value 1,471 1,252
Liabilities, fair value 0 231
Net asset value valuation technique    
Fair Value Measurement Inputs and Valuation Technique    
Equity securities 173 102
Net asset value valuation technique | Level 3    
Fair Value Measurement Inputs and Valuation Technique    
Equity securities 173 102
Foreign currency swaps    
Fair Value Measurement Inputs and Valuation Technique    
Asset derivatives 137 180
Liability derivatives 427 312
Foreign currency swaps | Level 3    
Fair Value Measurement Inputs and Valuation Technique    
Asset derivatives 0 133
Liability derivatives 0 231
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 Technique    
Asset derivatives   69
Liability derivatives   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 Technique    
Asset derivatives   64
Liability derivatives   $ 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 Technique    
Derivative asset, measurement input   0.0022
Derivative liability, measurement input   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 Technique    
Derivative asset, measurement input   0.0128
Derivative liability, measurement input   0.0140
Dollar-denominated    
Fair Value Measurement Inputs and Valuation Technique    
Available for sale, fixed maturity securities 40,709 $ 41,611
Equity securities 817 $ 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 Technique    
Derivative asset, measurement input [1]   0.0093
Derivative liability, measurement input [1]   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 Technique    
Derivative asset, measurement input [1]   0.0140
Derivative liability, measurement input [1]   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 Technique    
Derivative asset, measurement input [1]   0.0093
Derivative liability, measurement input [1]   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 Technique    
Derivative asset, measurement input [1]   0.0140
Derivative liability, measurement input [1]   0.0112
Yen-denominated    
Fair Value Measurement Inputs and Valuation Technique    
Available for sale, fixed maturity securities 57,987 $ 64,271
Equity securities 744 $ 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 Technique    
Derivative asset, measurement input [2]   0.0005
Derivative liability, measurement input [2]   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 Technique    
Derivative asset, measurement input [2]   0.0043
Derivative liability, measurement input [2]   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 Technique    
Derivative asset, measurement input [2]   0.0005
Derivative liability, measurement input [2]   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 Technique    
Derivative asset, measurement input [2]   0.0043
Derivative liability, measurement input [2]   0.0035
Mortgage- and asset-backed securities    
Fair Value Measurement Inputs and Valuation Technique    
Available for sale, fixed maturity securities 1,246 $ 1,038
Mortgage- and asset-backed securities | Level 3    
Fair Value Measurement Inputs and Valuation Technique    
Available for sale, fixed maturity securities 291 224
Mortgage- and asset-backed securities | Consensus pricing valuation technique    
Fair Value Measurement Inputs and Valuation Technique    
Available for sale, fixed maturity securities 291 674
Mortgage- and asset-backed securities | Consensus pricing valuation technique | Level 3    
Fair Value Measurement Inputs and Valuation Technique    
Available for sale, fixed maturity securities 291 224
Mortgage- and asset-backed securities | Dollar-denominated    
Fair Value Measurement Inputs and Valuation Technique    
Available for sale, fixed maturity securities 928 670
Mortgage- and asset-backed securities | Yen-denominated    
Fair Value Measurement Inputs and Valuation Technique    
Available for sale, fixed maturity securities 318 368
Banks/financial institutions    
Fair Value Measurement Inputs and Valuation Technique    
Available for sale, fixed maturity securities 11,591 12,060
Banks/financial institutions | Level 3    
Fair Value Measurement Inputs and Valuation Technique    
Available for sale, fixed maturity securities 45 24
Banks/financial institutions | Consensus pricing valuation technique    
Fair Value Measurement Inputs and Valuation Technique    
Available for sale, fixed maturity securities 45 24
Banks/financial institutions | Consensus pricing valuation technique | Level 3    
Fair Value Measurement Inputs and Valuation Technique    
Available for sale, fixed maturity securities 45 24
Banks/financial institutions | Dollar-denominated    
Fair Value Measurement Inputs and Valuation Technique    
Available for sale, fixed maturity securities 3,913 3,724
Banks/financial institutions | Yen-denominated    
Fair Value Measurement Inputs and Valuation Technique    
Available for sale, fixed maturity securities 7,678 8,336
Public utilities    
Fair Value Measurement Inputs and Valuation Technique    
Available for sale, fixed maturity securities 10,051 10,817
Public utilities | Level 3    
Fair Value Measurement Inputs and Valuation Technique    
Available for sale, fixed maturity securities 493 422
Public utilities | Discounted cash flow technique    
Fair Value Measurement Inputs and Valuation Technique    
Available for sale, fixed maturity securities 493 422
Public utilities | Discounted cash flow technique | Level 3    
Fair Value Measurement Inputs and Valuation Technique    
Available for sale, fixed maturity securities 493 422
Public utilities | Dollar-denominated    
Fair Value Measurement Inputs and Valuation Technique    
Available for sale, fixed maturity securities 4,685 4,945
Public utilities | Yen-denominated    
Fair Value Measurement Inputs and Valuation Technique    
Available for sale, fixed maturity securities 5,366 5,872
Other corporate    
Fair Value Measurement Inputs and Valuation Technique    
Available for sale, fixed maturity securities 37,837 40,217
Other corporate | Level 3    
Fair Value Measurement Inputs and Valuation Technique    
Available for sale, fixed maturity securities 426 299
Other corporate | Discounted cash flow technique    
Fair Value Measurement Inputs and Valuation Technique    
Available for sale, fixed maturity securities 426 331
Other corporate | Discounted cash flow technique | Level 3    
Fair Value Measurement Inputs and Valuation Technique    
Available for sale, fixed maturity securities 426 299
Other corporate | Dollar-denominated    
Fair Value Measurement Inputs and Valuation Technique    
Available for sale, fixed maturity securities 29,180 30,393
Other corporate | Yen-denominated    
Fair Value Measurement Inputs and Valuation Technique    
Available for sale, fixed maturity securities 8,657 9,824
Sovereign and supranational    
Fair Value Measurement Inputs and Valuation Technique    
Available for sale, fixed maturity securities 1,115 1,382
Sovereign and supranational | Level 3    
Fair Value Measurement Inputs and Valuation Technique    
Available for sale, fixed maturity securities 43 48
Sovereign and supranational | Consensus pricing valuation technique    
Fair Value Measurement Inputs and Valuation Technique    
Available for sale, fixed maturity securities   48
Sovereign and supranational | Consensus pricing valuation technique | Level 3    
Fair Value Measurement Inputs and Valuation Technique    
Available for sale, fixed maturity securities   48
Sovereign and supranational | Discounted cash flow technique    
Fair Value Measurement Inputs and Valuation Technique    
Available for sale, fixed maturity securities 43  
Sovereign and supranational | Discounted cash flow technique | Level 3    
Fair Value Measurement Inputs and Valuation Technique    
Available for sale, fixed maturity securities 43 48
Sovereign and supranational | Dollar-denominated    
Fair Value Measurement Inputs and Valuation Technique    
Available for sale, fixed maturity securities 273 293
Sovereign and supranational | Yen-denominated    
Fair Value Measurement Inputs and Valuation Technique    
Available for sale, fixed maturity securities $ 842 $ 1,089
[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