Financing Receivables (Tables)

12 Months Ended

Dec. 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 year ended December 31, 2020:

	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	19		2		21
Charge-offs	(6)		(3)		(9)
Balance, December 31, 2020	$	66	$	2	$	68

(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
	2019		2018
	(in millions)
Balance at January 1	$	49	$	49
Provisions	5		6
Charge-offs	(4)		(6)
Recoveries of amounts previously written off	1		—
Balance at December 31	$	51	$	49

Schedule of Commercial Mortgage Loans by Year of Origination and Loan-to-Value Ratio

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

Loan-to-Value Ratio	2020		2019		2018		2017		2016		Prior		Total
	(in millions)
> 100%	$	—	$	—	$	2	$	—	$	—	$	10	$	12
80% - 100%	15		16		12		3		7		15		68
60% - 80%	89		166		27		32		46		144		504
40% - 60%	23		57		74		155		113		551		973
< 40%	7		23		80		99		64		895		1,168
Total	$	134	$	262	$	195	$	289	$	230	$	1,615	$	2,725

Schedule of commercial mortgage loans by geographic region [Table Text Block]

Concentrations of credit risk of commercial mortgage loans by U.S. region were as follows:

	Loans				Percentage
	December 31,				December 31,
	2020		2019		2020		2019
	(in millions)
East North Central	$	259	$	239	10	%	9	%
East South Central	115		121		4		4
Middle Atlantic	178		182		7		6
Mountain	247		251		9		9
New England	54		54		2		2
Pacific	825		831		30		30
South Atlantic	681		723		25		26
West North Central	198		214		7		8
West South Central	168		182		6		6
	2,725		2,797		100	%	100	%
Less: allowance for loan losses	29		19
Total	$	2,696	$	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
	December 31,				December 31,
	2020		2019		2020		2019
	(in millions)
Apartments	$	713	$	692	26	%	25	%
Hotel	50		51		2		2
Industrial	427		429		16		15
Mixed use	87		78		3		3
Office	372		419		14		15
Retail	881		931		32		33
Other	195		197		7		7
	2,725		2,797		100	%	100	%
Less: allowance for loan losses	29		19
Total	$	2,696	$	2,778

Schedule of Syndicated Loans by Origination Year and Internal Risk Rating

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

Internal Risk Rating	2020		2019		2018		2017		2016		Prior		Total
	(in millions)
Risk 5	$	—	$	—	$	—	$	—	$	—	$	3	$	3
Risk 4	—		—		4		9		—		10		23
Risk 3	—		9		8		25		13		25		80
Risk 2	30		57		62		69		14		41		273
Risk 1	17		32		47		58		22		40		216
Total	$	47	$	98	$	121	$	161	$	49	$	119	$	595

Schedule of Advisor Loans by Origination Year and Termination Status

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

Termination Status	2020		2019		2018		2017		2016		Prior		Total
	(in millions)
Active	$	171	$	137	$	101	$	127	$	83	$	86	$	705
Terminated	—		—		—		1		1		8		10
Total	$	171	$	137	$	101	$	128	$	84	$	94	$	715

Amortized Cost Basis of Credit Card Receivables by FICO Score

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

	Total
	(in millions)
> 800	$	28
750 - 799	23
700 - 749	25
650 - 699	15
< 650	5
Total	$	96