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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Investments:    
Fixed maturities available-for-sale, at fair value (amortized cost of $66,277 and $59,278) (allowance for credit losses of $13 at September 30, 2020) $ 74,814 $ 62,362
Mortgage loans on real estate (net of allowance for credit losses of $70 at September 30, 2020) 12,785 12,090
Policy loans 3,647 3,270
Other equity investments [1] 1,260 1,149
Trading securities, at fair value 5,787 6,598
Other invested assets 1,523 2,156
Total investments 99,816 87,625
Cash and cash equivalents 3,962 1,492
Deferred policy acquisition costs 3,735 4,222
Amounts due from reinsurers (allowance for credit losses of $0 at September 30, 2020) 3,032 3,002
Loans to affiliates 1,200 1,200
GMIB reinsurance contract asset, at fair value 3,247 2,466
Current and deferred income taxes 0 249
Other assets 3,854 3,050
Separate Accounts assets 121,099 124,646
Total Assets 239,945 227,952
LIABILITIES    
Policyholders’ account balances 59,099 55,421
Future policy benefits and other policyholders' liabilities 41,117 33,979
Broker-dealer related payables 432 428
Amounts due to reinsurers 112 105
Current and deferred income taxes 1,130 0
Other liabilities 2,519 1,769
Separate Accounts liabilities 121,099 124,646
Total Liabilities 225,508 216,348
Redeemable noncontrolling interest [2] 38 39
Commitments and contingent liabilities
Equity attributable to Equitable Financial:    
Common stock, $1.25 par value; 2,000,000 shares authorized, issued and outstanding 2 2
Additional paid-in capital 7,831 7,809
Retained earnings 1,634 2,145
Accumulated other comprehensive income (loss) 4,923 1,596
Total equity attributable to Equitable Financial 14,390 11,552
Noncontrolling interest 9 13
Total Equity 14,399 11,565
Total Liabilities, Redeemable Noncontrolling Interest and Equity $ 239,945 $ 227,952
[1] See Note 2 for details of balances with variable interest entities.
[2] See Note 12 for details of Redeemable noncontrolling interest.