SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF REGISTRANT (Tables)

12 Months Ended

Dec. 31, 2016

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Condensed Statements of Operations [Table Text Block]

Schedule I — Condensed Financial Information of Registrant Condensed Statements of Operations (Parent Company Only)
	Years Ended December 31,
	2016			2015			2014
	(in millions)
Revenues
Management and financial advice fees	$	(1	)	$	(1	)	$	—
Net investment income	14			2			30
Other revenues	9			14			11
Total revenues	22			15			41
Banking and deposit interest expense	1			—			—
Total net revenues	21			15			41
Expenses
Benefits, claims, losses and settlement expenses	41			13			11
Interest and debt expense	113			124			118
General and administrative expense	192			193			195
Total expenses	346			330			324
Pretax loss before equity in earnings of subsidiaries	(325		)	(315		)	(283		)
Income tax benefit	(146		)	(123		)	(88		)
Loss before equity in earnings of subsidiaries	(179		)	(192		)	(195		)
Equity in earnings of subsidiaries excluding discontinued operations	1,493			1,754			1,816
Net income from continuing operations	1,314			1,562			1,621
Loss from discontinued operations, net of tax	—			—			(2		)
Net income	1,314			1,562			1,619
Other comprehensive income (loss), net of tax	(59		)	(409		)	67
Total comprehensive income	$	1,255		$	1,153		$	1,686
See Notes to Condensed Financial Information of Registrant.

Condensed Balance Sheets [Table Text Block]

Schedule I — Condensed Financial Information of Registrant Condensed Balance Sheets (Parent Company Only)
	December 31,
	2016			2015 (1)
	(in millions, except share amounts)
Assets
Cash and cash equivalents	$	754		$	661
Investments	314			513
Loans to subsidiaries	167			167
Due from subsidiaries	452			227
Receivables	10			40
Land, buildings, equipment, and software, net of accumulated depreciation of $1,055 and $993, respectively	221			294
Restricted and segregated cash	24			—
Investments in subsidiaries	7,739			7,753
Other assets	1,240			1,410
Total assets	$	10,921		$	11,065
Liabilities and Shareholders’ Equity
Liabilities:
Accounts payable and accrued expenses	$	524		$	198
Due to subsidiaries	88			148
Borrowings from subsidiaries	364			331
Long-term debt	2,917			2,692
Other liabilities	736			642
Total liabilities	4,629			4,011
Shareholders’ Equity:
Common shares ($.01 par value; shares authorized, 1,250,000,000; shares issued, 324,006,315 and 322,822,746, respectively)	3			3
Additional paid-in capital	7,765			7,611
Retained earnings	10,351			9,525
Treasury shares, at cost (169,246,411 and 151,789,486 shares, respectively)	(12,027		)	(10,338		)
Accumulated other comprehensive income, net of tax, including amounts applicable to equity     investments in subsidiaries	200			253
Total shareholders’ equity	6,292			7,054
Total liabilities and equity	$	10,921		$	11,065
(1) Certain prior period amounts have been restated. See Note 1 for more information. See Notes to Consolidated Financial Statements.

Condensed Statements of Cash Flows [Table Text Block]

Schedule I — Condensed Financial Information of Registrant Condensed Statements of Cash Flows (Parent Company Only)
	Years Ended December 31,
	2016			2015			2014
	(in millions)
Cash Flows from Operating Activities
Net income	$	1,314		$	1,562		$	1,619
Equity in earnings of subsidiaries excluding discontinued operations	(1,493		)	(1,754		)	(1,816		)
Loss from discontinued operations, net of tax	—			—			2
Dividends received from subsidiaries	1,465			1,485			1,569
Other operating activities, primarily with subsidiaries	517			183			614
Net cash provided by operating activities	1,803			1,476			1,988
Cash Flows from Investing Activities
Available-for-Sale securities:
Proceeds from sales	55			112			62
Maturities, sinking fund payments and calls	277			506			284
Purchases	(129		)	(28		)	(756		)
Proceeds from sale of other investments	—			62			—
Purchase of other investments	—			(5		)	(50		)
Purchase of land, buildings, equipment and software	(49		)	(47		)	(40		)
Contributions to subsidiaries	(197		)	(271		)	(31		)
Return of capital from subsidiaries	187			146			284
Repayment of loans to subsidiaries	1,910			2,897			3,402
Issuance of loans to subsidiaries	(1,910		)	(2,897		)	(3,112		)
Other, net	59			7			99
Net cash provided by investing activities	203			482			142
Cash Flows from Financing Activities
Dividends paid to shareholders	(479		)	(465		)	(426		)
Repurchase of common shares	(1,707		)	(1,741		)	(1,577		)
Cash paid for purchased options with deferred premiums	(22		)	(19		)	(388		)
Cash received for purchased options with deferred premiums	—			—			59
Issuance of long-term debt, net of issuance costs	496			—			543
Repayments of long-term debt	(257		)	(409		)	(200		)
Borrowings from subsidiaries	—			—			15
Repayments of borrowings from subsidiaries	—			—			(15		)
Exercise of stock options	9			16			33
Excess tax benefits from share-based compensation	14			81			162
Other, net	33			(17		)	(4		)
Net cash used in financing activities	(1,913		)	(2,554		)	(1,798		)
Net increase (decrease) in cash and cash equivalents	93			(596		)	332
Cash and cash equivalents at beginning of year	661			1,257			925
Cash and cash equivalents at end of year	$	754		$	661		$	1,257
Supplemental Disclosures:
Interest paid on debt	$	121		$	154		$	145
Income taxes paid (received), net	(112		)	378			482
Non-cash dividends from subsidiaries	11			52			152
Non-cash contributions to subsidiaries	—			—			51
See Notes to Condensed Financial Information of Registrant.