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DAC AND POLICYHOLDER BONUS INTEREST CREDITS - Rollforward of DAC Costs (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]      
Balance, beginning of year $ 3,816 $ 4,222 $ 4,959
Balance, beginning of year 3,816 4,225  
Capitalization of commissions, sales and issue expenses 724 564 646
Amortization:      
Impact of assumptions updates and model changes 19 (866) 77
All other (475) (467) (597)
Total amortization (456) (1,333) (520)
Change in unrealized investment gains (losses) 183 360 (863)
Balance, end of Year 4,267 3,816 4,222
Balance, end of year   3,816 4,225
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Deferred policy acquisition costs $ 4,267 3,816 4,222
Accounting Standards Update 2016-13      
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward]      
Balance, beginning of year   $ 3  
Amortization:      
Balance, end of Year     3
New Accounting Pronouncements or Change in Accounting Principle [Line Items]      
Deferred policy acquisition costs     $ 3