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CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Millions
Dec. 31, 2016
Dec. 31, 2015
Common shares, par value (in dollars per share) $ 0.01 $ 0.01
Common shares, shares authorized 1,250,000,000 1,250,000,000
Common shares, shares issued 324,006,315 322,822,746
Treasury shares 169,246,411 151,789,486
Consolidated investment entities [Member]    
Receivables, fair value (in dollars) $ 11 $ 70
Other assets, fair value (in dollars) 0 2,065
Debt, fair value (in dollars) 2,319 [1] 6,630
Other liabilities, fair value (in dollars) $ 95 $ 221
[1] As the Company elected the measurement alternative effective January 1, 2016, the carrying value of the CLOs’ debt is set equal to the fair value of the CLOs’ assets. See Note 3 and above for additional discussion on the measurement alternative. The estimated fair value of the CLOs’ debt was $2.3 billion at December 31, 2016.