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CLOSED BLOCK - Summarized Financial Information for Closed Block (Details) - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Closed Block Liabilities:        
Future policy benefits, policyholders’ account balances and other $ 6,201 $ 6,478    
Policyholder dividend obligation 160 2 $ 0 $ 19
Other liabilities 39 38    
Total Closed Block liabilities 6,400 6,518    
Assets Designated to the Closed Block:        
Fixed maturities available-for-sale, Amortized Cost 3,718 3,754    
Mortgage loans on real estate (net of allowance for credit losses of $6 at December 31, 2020) 1,773 1,759    
Policy loans 648 706    
Cash and other invested assets 28 82    
Other assets 169 145    
Total assets designated to the Closed Block 6,336 6,446    
Excess of Closed Block liabilities over assets designated to the Closed Block 64 72    
Amounts included in accumulated other comprehensive income (loss):        
Net unrealized investment gains (losses), net of policyholders’ dividend obligation: $160 and $2; and net of income tax: $(42) and $(41) 167 164    
Maximum future earnings to be recognized from Closed Block assets and liabilities 231 236    
Fixed maturities, available for sale, amortized cost 3,359 3,558    
Fixed maturities available-for-sale, allowance for credit losses 0      
Mortgage loans, credit losses (6)      
Policyholder dividend obligation 160 2 $ 0 $ 19
Closed block operations, income taxes $ (42) $ (41)