Financing Receivables (Tables)

6 Months Ended

Jun. 30, 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 six months ended June 30:

	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	13		3		16
Charge-offs	(1)		(2)		(3)
Recoveries	—		—		—
Balance, June 30, 2020	$	65	$	4	$	69

⁽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
Provisions	2
Charge-offs	(1)
Balance, June 30, 2019	$	50

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 June 30, 2020 by year of origination and loan-to-value ratio:

Loan-to-Value Ratio	2020		2019		2018		2017		2016		Prior		Total
	(in millions)
> 100%	$	—	$	—	$	3	$	—	$	—	$	10	$	13
80% - 100%	15		5		12		3		5		21		61
60% - 80%	70		185		27		32		56		159		529
40% - 60%	13		51		78		162		109		595		1,008
< 40%	6		25		78		99		65		932		1,205
Total	$	104	$	266	$	198	$	296	$	235	$	1,717	$	2,816

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

In addition, the Company reviews the concentrations of credit risk by region and property type. Concentrations of credit risk of commercial mortgage loans by U.S. region were as follows:

	Loans				Percentage
	June 30, 2020		December 31, 2019		June 30, 2020		December 31, 2019
	(in millions)
East North Central	$	249	$	239	9	%	9	%
East South Central	120		121		4		4
Middle Atlantic	188		182		7		6
Mountain	248		251		9		9
New England	55		54		2		2
Pacific	839		831		30		30
South Atlantic	729		723		26		26
West North Central	210		214		7		8
West South Central	178		182		6		6
	2,816		2,797		100	%	100	%
Less: allowance for credit losses	28		19
Total	$	2,788	$	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
	June 30, 2020		December 31, 2019		June 30, 2020		December 31, 2019
	(in millions)
Apartments	$	719	$	692	26	%	25	%
Hotel	50		51		2		2
Industrial	439		429		16		15
Mixed use	89		78		3		3
Office	402		419		14		15
Retail	912		931		32		33
Other	205		197		7		7
	2,816		2,797		100	%	100	%
Less: allowance for credit losses	28		19
Total	$	2,788	$	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 June 30, 2020 by origination year and internal risk rating:

Internal Risk Rating	2020		2019		2018		2017		2016		Prior		Total
	(in millions)
Risk 5	$	—	$	—	$	1	$	—	$	—	$	—	$	1
Risk 4	—		7		4		9		2		7		29
Risk 3	4		9		11		27		10		19		80
Risk 2	11		43		57		53		21		56		241
Risk 1	9		27		50		59		18		39		202
Total	$	24	$	86	$	123	$	148	$	51	$	121	$	553

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 June 30, 2020 by origination year and termination status:

Termination Status	2020		2019		2018		2017		2016		Prior		Total
	(in millions)
Active	$	82	$	145	$	107	$	132	$	88	$	102	$	656
Terminated	—		1		—		1		2		12		16
Total	$	82	$	146	$	107	$	133	$	90	$	114	$	672

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 June 30, 2020:

	Total
	(in millions)
> 800	$	24
750 - 799	20
700 - 749	24
650 - 699	15
< 650	6
Total	$	89