Deferred Acquisition Costs and Deferred Sales Inducement Costs (Tables)

12 Months Ended

Dec. 31, 2020

Deferred Charges, Insurers [Abstract]

Schedule of balances of and changes in DAC [Table Text Block]

The balances of and changes in DAC were as follows:

	2020		2019		2018
	(in millions)
Balance at January 1	$	2,698	$	2,776	$	2,676
Capitalization of acquisition costs	228		291		318
Amortization	(177)		(165)		(355)
Amortization, impact of valuation assumptions review	(100)		(14)		33
Impact of change in net unrealized (gains) losses on securities	(117)		(175)		104
Disposal of business	—		(15)		—
Balance at December 31	$	2,532	$	2,698	$	2,776

Schedule of balances of and changes in DSIC [Table Text Block]

The balances of and changes in DSIC, which is included in other assets, were as follows:

	2020		2019		2018
	(in millions)
Balance at January 1	$	218	$	251	$	276
Capitalization of sales inducement costs	1		1		2
Amortization	(13)		(15)		(43)
Amortization, impact of valuation assumptions review	(16)		—		—
Impact of change in net unrealized (gains) losses on securities	(1)		(19)		16
Balance at December 31	$	189	$	218	$	251