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INCOME TAXES (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Income tax (expense) benefit:          
Current (expense) benefit     $ (274) $ (19) $ (552)
Deferred (expense) benefit     442 42 (488)
Income tax (expense) benefit     $ 168 23 (1,040)
Federal statutory rate, percent     35.00%    
Effective Income Tax Rate Reconciliation, Amount [Abstract]          
Expected income tax (expense) benefit     $ (135) (362) (1,478)
Noncontrolling interest     162 119 114
Separate Accounts investment activity     160 181 116
Non-taxable investment income (loss)     15 8 12
Tax audit interest     (22) 1 (6)
State income taxes     (8) 1 (4)
AB Federal and foreign taxes     (4) 0 2
Tax settlement $ (77) $ (212) 0 77 212
Other     0 (2) (8)
Income tax (expense) benefit     168 23 $ (1,040)
Current income tax liability     $ 235 $ 575