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DERIVATIVES - Financial Statement Impact of Derivatives By Category (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) $ (236) $ (1,527) $ (4,152) $ 2,097
Net Investment Income 885 809 2,655 2,334
Interest credited to policyholder's account balances (285) (277) (841) (845)
Designated for hedge accounting | Cash flow hedge        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) (26) (12) (54) (4)
Net Investment Income 0 0 0 0
Interest credited to policyholder's account balances (15) 0 (32) 0
AOCI (2) (65) (35) (64)
Not designated for hedge accounting        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) (200) (941) (4,158) 4,231
Net Investment Income 0 0 0 0
Interest credited to policyholder's account balances 0 0 0 0
AOCI 0 0 0 0
Currency Swaps | Designated for hedge accounting | Cash flow hedge        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) 0   0  
Net Investment Income 0   0  
Interest credited to policyholder's account balances (15)   (32)  
AOCI 7   7  
Currency Swaps | Not designated for hedge accounting        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) 3 0 3 0
Net Investment Income 0 0 0 0
Interest credited to policyholder's account balances 0 0 0 0
AOCI 0 0 0 0
Swaps | Designated for hedge accounting | Cash flow hedge        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) (26) (12) (54) (4)
Net Investment Income 0 0 0 0
Interest credited to policyholder's account balances 0 0 0 0
AOCI (9) (65) (42) (64)
Swaps | Not designated for hedge accounting        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) 67 (59) (2,375) 3,592
Net Investment Income 0 0 0 0
Interest credited to policyholder's account balances 0 0 0 0
AOCI 0 0 0 0
Futures | Not designated for hedge accounting        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) (6) (221) (466) (347)
Net Investment Income 0 0 0 0
Interest credited to policyholder's account balances 0 0 0 0
AOCI 0 0 0 0
Swaps | Not designated for hedge accounting        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) (3) (1,557) (2,609) (594)
Net Investment Income 0 0 0 0
Interest credited to policyholder's account balances 0 0 0 0
AOCI 0 0 0 0
Options | Not designated for hedge accounting        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) (169) 907 2,175 (480)
Net Investment Income 0 0 0 0
Interest credited to policyholder's account balances 0 0 0 0
AOCI 0 0 0 0
Futures | Not designated for hedge accounting        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) (92) (14) (888) 2,058
Net Investment Income 0 0 0 0
Interest credited to policyholder's account balances 0 0 0 0
AOCI 0 0 0 0
Swaptions | Not designated for hedge accounting        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) 0 0 0 9
Net Investment Income 0 0 0 0
Interest credited to policyholder's account balances 0 0 0 0
AOCI 0 0 0 0
Credit default swaps | Not designated for hedge accounting        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) 0 3 2 (4)
Net Investment Income 0 0 0 0
Interest credited to policyholder's account balances 0 0 0 0
AOCI 0 0 0 0
Currency forwards | Not designated for hedge accounting        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) 0 0 0 (3)
Net Investment Income 0 0 0 0
Interest credited to policyholder's account balances 0 0 0 0
AOCI 0 0 0 0
Margin | Not designated for hedge accounting        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) 0 0 0 0
Net Investment Income 0 0 0 0
Interest credited to policyholder's account balances 0 0 0 0
AOCI 0 0 0 0
Collateral | Not designated for hedge accounting        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) 0 0 0 0
Net Investment Income 0 0 0 0
Interest credited to policyholder's account balances 0 0 0 0
AOCI 0 0 0 0
Amounts due from reinsurers        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) 344 0 586 0
Net Investment Income 0 0 0 0
Interest credited to policyholder's account balances 0 0 0 0
AOCI 0 0 0 0
GMIB Reinsurance Contracts        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) (128) (177) (694) 849
Net Investment Income 0 0 0 0
Interest credited to policyholder's account balances 0 0 0 0
AOCI 0 0 0 0
Investment fees 4 3 10 9
GMxB Derivative Features’ Liability        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) (395) 570 2,291 (3,382)
Net Investment Income 0 0 0 0
Interest credited to policyholder's account balances 0 0 0 0
AOCI 0 0 0 0
SCS, SIO, MSO and IUL Indexed Features        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) 173 (967) (2,113) 410
Net Investment Income 0 0 0 0
Interest credited to policyholder's account balances 0 0 0 0
AOCI 0 0 0 0
Embedded derivatives        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) (6) (574) 70 (2,123)
Net Investment Income 0 0 0 0
Interest credited to policyholder's account balances 0 0 0 0
AOCI 0 0 0 0
Derivative instruments including embedded derivative        
Derivatives, Fair Value [Line Items]        
Net derivative gains (losses) (232) (1,527) (4,142) 2,104
Net Investment Income 0 0 0 0
Interest credited to policyholder's account balances (15) 0 (32) 0
AOCI $ (2) $ (65) $ (35) $ (64)