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Financing Receivables (Tables)

3 Months Ended

Mar. 31, 2021

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, January 1, 2021	$	66	$	2	$	68


Provisions	—		1		1
Charge-offs	(1)		—		(1)

Balance, March 31, 2021	$	65	$	3	$	68


	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
Charge-offs	—		(1)		(1)

Balance, March 31, 2020	$	63	$	4	$	67

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

The tables below present the amortized cost basis of commercial mortgage loans by the year of origination and loan-to-value ratio:


	March 31, 2021
Loan-to-Value Ratio	2021		2020		2019		2018		2017		Prior		Total
	(in millions)
> 100%	$	—	$	—	$	—	$	2	$	—	$	15	$	17
80% - 100%	—		15		19		12		3		22		71
60% - 80%	13		81		157		27		36		177		491
40% - 60%	7		30		50		84		139		670		980
< 40%	—		8		34		68		107		915		1,132
Total	$	20	$	134	$	260	$	193	$	285	$	1,799	$	2,691

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
	March 31, 2021		December 31, 2020		March 31, 2021		December 31, 2020
	(in millions)
East North Central	$	256	$	259	10	%	10	%
East South Central	113		115		4		4
Middle Atlantic	176		178		7		7
Mountain	241		247		9		9
New England	53		54		2		2
Pacific	814		825		30		30
South Atlantic	676		681		25		25
West North Central	196		198		7		7
West South Central	166		168		6		6
	2,691		2,725		100	%	100	%
Less: allowance for credit losses	29		29
Total	$	2,662	$	2,696

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, 2021		December 31, 2020		March 31, 2021		December 31, 2020
	(in millions)
Apartments	$	711	$	713	27	%	26	%
Hotel	49		50		2		2
Industrial	420		427		16		16
Mixed use	87		87		3		3
Office	361		372		13		14
Retail	871		881		32		32
Other	192		195		7		7
	2,691		2,725		100	%	100	%
Less: allowance for credit losses	29		29
Total	$	2,662	$	2,696

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

The tables below present the amortized cost basis of syndicated loans by origination year and internal risk rating:


	March 31, 2021
Internal Risk Rating	2021		2020		2019		2018		2017		Prior		Total
	(in millions)
Risk 5	$	—	$	—	$	—	$	—	$	—	$	3	$	3
Risk 4	—		—		—		2		6		7		15
Risk 3	—		2		8		14		18		36		78
Risk 2	5		27		51		56		69		45		253
Risk 1	4		19		28		47		55		59		212
Total	$	9	$	48	$	87	$	119	$	148	$	150	$	561

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

The tables below present the amortized cost basis of advisor loans by origination year and termination status:


	March 31, 2021
Termination Status	2021		2020		2019		2018		2017		Prior		Total
	(in millions)
Active	$	37	$	165	$	132	$	97	$	125	$	154	$	710
Terminated	1		—		—		1		1		9		12
Total	$	38	$	165	$	132	$	98	$	126	$	163	$	722

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:


	March 31, 2021		December 31, 2020
	(in millions)
> 800	$	25	$	28
750 - 799	21		23
700 - 749	24		25
650 - 699	15		15
< 650	5		5
Total	$	90	$	96