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Liabilities Subject to Netting (Details 2) - USD ($)
$ in Millions
Mar. 31, 2017
Dec. 31, 2016
Derivatives [Abstract]    
Gross amounts of recognized liabilities [1],[2] $ 3,578 $ 4,262
Securities loaned [Abstract]    
Gross amounts of recognized liabilities 169 146
Gross amounts not offset in the consolidated balance sheets [Abstract]    
Financial instruments [3] (40) (16)
Securities collateral (124) (125)
Net amount 5 5
Repurchase agreements [Abstract]    
Gross amounts of recognized liabilities 50 50
Gross amounts not offset in the consolidated balance sheets [Abstract]    
Securities collateral (50) (50)
Net amount 0 0
Total [Abstract]    
Gross amounts of recognized liabilities 3,103 3,367
Gross amounts not offset in the consolidated balance sheets [Abstract]    
Financial instruments [3] (2,320) (2,741)
Cash collateral (77) (78)
Securities collateral (673) (527)
Net amount 33 21
OTC [Member]    
Derivatives [Abstract]    
Gross amounts of recognized liabilities 2,853 2,626
Gross amounts not offset in the consolidated balance sheets [Abstract]    
Financial instruments [3] (2,256) (2,214)
Cash collateral (77) (53)
Securities collateral (499) (352)
Net amount 21 7
OTC cleared [Member]    
Derivatives [Abstract]    
Gross amounts of recognized liabilities 26 539
Gross amounts not offset in the consolidated balance sheets [Abstract]    
Financial instruments [3] (21) (509)
Cash collateral   (25)
Net amount 5 5
Exchange-traded [Member]    
Derivatives [Abstract]    
Gross amounts of recognized liabilities 5 6
Gross amounts not offset in the consolidated balance sheets [Abstract]    
Financial instruments [3] (3) (2)
Net amount 2 4
Total derivatives [Member]    
Derivatives [Abstract]    
Gross amounts of recognized liabilities 2,884 3,171
Gross amounts not offset in the consolidated balance sheets [Abstract]    
Financial instruments [3] (2,280) (2,725)
Cash collateral (77) (78)
Securities collateral (499) (352)
Net amount $ 28 $ 16
[1] The fair value of freestanding derivative liabilities is included in Other liabilities on the Consolidated Balance Sheets. The fair value of GMWB and GMAB, IUL, and EIA embedded derivatives is included in Policyholder account balances, future policy benefits and claims on the Consolidated Balance Sheets. The fair value of the SMC embedded derivative liability is included in Customer deposits on the Consolidated Balance Sheets.
[2] The fair value of the Company’s derivative liabilities after considering the effects of master netting arrangements, cash collateral held by the same counterparty and the fair value of net embedded derivatives was $1.2 billion and $1.5 billion as of March 31, 2017 and December 31, 2016, respectively. See Note 11 for additional information related to master netting arrangements and cash collateral. See Note 3 for information about derivatives held by consolidated VIEs.
[3] Represents the amount of liabilities that could be offset by assets with the same counterparty under master netting or similar arrangements that management elects not to offset on the Consolidated Balance Sheets.(2) The decrease in OTC cleared derivatives from December 31, 2016 is a result of certain central clearing parties amending their rules resulting in variation margin payments being settlement payments, as opposed to collateral.