Financing Receivables (Tables)

9 Months Ended

Sep. 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 nine months ended September 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	16		3		19
Charge-offs	(2)		(2)		(4)
Balance, September 30, 2020	$	67	$	4	$	71

(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	6
Charge-offs	(2)
Balance, September 30, 2019	$	53

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 September 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		15		12		3		5		21		71
60% - 80%	82		175		27		32		55		157		528
40% - 60%	13		50		74		160		108		571		976
< 40%	7		24		81		98		65		915		1,190
Total	$	117	$	264	$	197	$	293	$	233	$	1,674	$	2,778

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
	September 30, 2020		December 31, 2019		September 30, 2020		December 31, 2019
	(in millions)
East North Central	$	259	$	239	9	%	9	%
East South Central	119		121		4		4
Middle Atlantic	186		182		7		6
Mountain	245		251		9		9
New England	55		54		2		2
Pacific	829		831		30		30
South Atlantic	707		723		26		26
West North Central	202		214		7		8
West South Central	176		182		6		6
	2,778		2,797		100	%	100	%
Less: allowance for credit losses	29		19
Total	$	2,749	$	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
	September 30, 2020		December 31, 2019		September 30, 2020		December 31, 2019
	(in millions)
Apartments	$	717	$	692	26	%	25	%
Hotel	50		51		2		2
Industrial	434		429		16		15
Mixed use	88		78		3		3
Office	392		419		14		15
Retail	898		931		32		33
Other	199		197		7		7
	2,778		2,797		100	%	100	%
Less: allowance for credit losses	29		19
Total	$	2,749	$	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 September 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	—		4		4		9		2		10		29
Risk 3	—		4		9		28		13		26		80
Risk 2	20		53		65		71		21		47		277
Risk 1	21		39		58		59		23		40		240
Total	$	41	$	100	$	137	$	167	$	59	$	123	$	627

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 September 30, 2020 by origination year and termination status:

Termination Status	2020		2019		2018		2017		2016		Prior		Total
	(in millions)
Active	$	124	$	141	$	104	$	130	$	86	$	95	$	680
Terminated	—		—		—		1		2		10		13
Total	$	124	$	141	$	104	$	131	$	88	$	105	$	693

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 September 30, 2020:

	Total
	(in millions)
> 800	$	25
750 - 799	22
700 - 749	25
650 - 699	14
< 650	5
Total	$	91