Financing Receivables (Tables)

3 Months Ended

Mar. 31, 2020

Receivables [Abstract]

Rollforward of the Allowance for Loan Losses [Table Text Block]

The following tables present a rollforward of the allowance for credit losses for the three months ended March 31:

	Commercial Loans		Consumer Loans			Total
	(in millions)
Balance, December 31, 2019 (1)	$	51	$	—		$	51
Cumulative effect of adoption of current expected credit losses guidance	2		3			5
Balance, January 1, 2020	53		3			56
Provisions	10		2			12
Write-offs	—		(1		)	(1		)
Balance, March 31, 2020	$	63	$	4		$	67

⁽¹⁾ Prior to January 1, 2020, the allowance for credit losses was based on an incurred loss model that did not require estimating expected credit losses over the expected life of the asset.

	Commercial Loans
	(in millions)
Balance, January 1, 2019	$	49
Write-offs	(1		)
Balance, March 31, 2019	$	48

Schedule of Commercial Mortgage Loans by Year of Origination and Loan-to-Value Ratio [Table Text Block]

The table below presents the amortized cost basis of commercial mortgage loans as of March 31, 2020 by year of origination and loan-to-value ratio:

Loan-to-Value Ratio	2020		2019		2018		2017		2016		Prior		Total
	(in millions)
> 100%	$	—	$	—	$	—	$	—	$	1	$	11	$	12
80% - 100%	13		15		10		4		14		12		68
60% - 80%	33		182		85		44		61		129		534
40% - 60%	8		46		54		156		86		692		1,042
< 40%	5		24		51		96		75		898		1,149
Total	$	59	$	267	$	200	$	300	$	237	$	1,742	$	2,805

Schedule of Commercial Mortgage Loans by Geographic Region [Table Text Block]

	Loans				Percentage
	March 31, 2020		December 31, 2019		March 31, 2020		December 31, 2019
	(in millions)
East North Central	$	234	$	239	8	%	9	%
East South Central	119		121		4		4
Middle Atlantic	185		182		7		6
Mountain	247		251		9		9
New England	56		54		2		2
Pacific	843		831		30		30
South Atlantic	730		723		26		26
West North Central	211		214		8		8
West South Central	180		182		6		6
	2,805		2,797		100	%	100	%
Less: allowance for credit losses	26		19
Total	$	2,779	$	2,778

Schedule of Commercial Mortgage Loans by Property Type [Table Text Block]

Concentrations of credit risk of commercial mortgage loans by property type were as follows:

	Loans				Percentage
	March 31, 2020		December 31, 2019		March 31, 2020		December 31, 2019
	(in millions)
Apartments	$	705	$	692	25	%	25	%
Hotel	50		51		2		2
Industrial	430		429		15		15
Mixed use	90		78		3		3
Office	407		419		15		15
Retail	918		931		33		33
Other	205		197		7		7
	2,805		2,797		100	%	100	%
Less: allowance for credit losses	26		19
Total	$	2,779	$	2,778

Schedule of Syndicated Loans by Origination Year and Internal Risk Rating [Table Text Block]

The table below presents the amortized cost basis of syndicated loans as of March 31, 2020 by origination year and internal risk rating:

Internal Risk Rating	2020		2019		2018		2017		2016		Prior		Total
	(in millions)
Risk 5	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Risk 4	—		13		5		6		2		7		33
Risk 3	—		5		14		31		10		19		79
Risk 2	11		40		59		60		23		56		249
Risk 1	9		27		49		58		18		38		199
Total	$	20	$	85	$	127	$	155	$	53	$	120	$	560

Schedule of Advisor Loans by Origination Year and Termination Status [Table Text Block]

The table below presents the amortized cost basis of advisor loans as of March 31, 2020 by origination year and termination status:

Termination Status	2020		2019		2018		2017		2016		Prior		Total
	(in millions)
Active	$	46	$	153	$	109	$	134	$	91	$	111	$	644
Terminated	—		—		—		1		3		12		16
Total	$	46	$	153	$	109	$	135	$	94	$	123	$	660

Amortized Cost Basis of Credit Card Receivables by FICO Score [Table Text Block]

The table below presents the amortized cost basis of credit card receivables by FICO score as of March 31, 2020:

	Total
	(in millions)
> 800	$	24
750 - 799	19
700 - 749	25
650 - 699	16
< 650	7
Total	$	91