Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2021

Stockholders' Equity Note [Abstract]

Schedule of amounts related to each component of OCI

	Year Ended December 31, 2021
	Pretax		Income Tax Benefit (Expense)		Net of Tax
	(in millions)
Net unrealized gains (losses) on securities:
Net unrealized gains (losses) on securities arising during the period (1)	$	(622)	$	137	$	(485)
Reclassification of net (gains) losses on securities included in net income (2)	(561)		118		(443)
Impact of DAC, DSIC, unearned revenue, benefit reserves and reinsurance recoverables	333		(70)		263
Net unrealized gains (losses) on securities	(850)		185		(665)
Net unrealized gains (losses) on derivatives:
Reclassification of net (gains) losses on derivatives included in net income (3)	(1)		—		(1)
Net unrealized gains (losses) on derivatives	(1)		—		(1)
Defined benefit plans:
Prior service credits and costs	(3)		1		(2)
Net gains (losses)	70		(15)		55
Defined benefit plans	67		(14)		53
Foreign currency translation	(16)		3		(13)
Total other comprehensive income (loss)	$	(800)	$	174	$	(626)

	Year Ended December 31, 2020
	Pretax		Income Tax Benefit (Expense)		Net of Tax
	(in millions)
Net unrealized gains (losses) on securities:
Net unrealized gains (losses) on securities arising during the period (1)	$	907	$	(192)	$	715
Reclassification of net (gains) losses on securities included in net income (2)	(11)		2		(9)
Impact of DAC, DSIC, unearned revenue, benefit reserves and reinsurance recoverables	(379)		80		(299)
Net unrealized gains (losses) on securities	517		(110)		407
Net unrealized gains (losses) on derivatives:
Reclassification of net (gains) losses on derivatives included in net income (3)	(2)		1		(1)
Net unrealized gains (losses) on derivatives	(2)		1		(1)
Defined benefit plans:
Prior service credits	(2)		—		(2)
Net gains (losses)	(82)		18		(64)
Defined benefit plans	(84)		18		(66)
Foreign currency translation	32		(5)		27
Total other comprehensive income (loss)	$	463	$	(96)	$	367

	Year Ended December 31, 2019
	Pretax		Income Tax Benefit (Expense)		Net of Tax
	(in millions)
Net unrealized gains (losses) on securities:
Net unrealized gains (losses) on securities arising during the period (1)	$	1,404	$	(309)	$	1,095
Reclassification of net (gains) losses on securities included in net income (2)	6		(1)		5
Impact of DAC, DSIC, unearned revenue, benefit reserves and reinsurance recoverables	(688)		144		(544)
Net unrealized gains (losses) on securities	722		(166)		556
Net unrealized gains (losses) on derivatives:
Reclassification of net (gains) losses on derivatives included in net income (3)	(3)		1		(2)
Net unrealized gains (losses) on derivatives	(3)		1		(2)
Defined benefit plans:
Prior service credits	14		(3)		11
Net gains (losses)	(36)		7		(29)
Defined benefit plans	(22)		4		(18)
Foreign currency translation	18		(1)		17
Total other comprehensive income (loss)	$	715	$	(162)	$	553

(1) Includes impairments on Available-for-Sale securities related to factors other than credit that were recognized in OCI during the period.

(2) Reclassification amounts are recorded in Net investment income.

(3) Includes a $1 million, $1 million and $2 million pretax gain reclassified to interest and debt expenses and nil pretax loss reclassified to net investment income for the years ended December 31, 2021, 2020 and 2019, respectively.

Schedule of changes in the balances of each component of AOCI

	Net Unrealized Gains (Losses) on Securities			Net Unrealized Gains (Losses) on Derivatives		Defined Benefit Plans		Foreign Currency Translation		Other		Total
	(in millions)
Balance, January 1, 2019	$	20		$	8	$	(120)	$	(198)	$	(1)	$	(291)
OCI before reclassifications	551			—		(28)		17		—		540
Amounts reclassified from AOCI	5			(2)		10		—		—		13
Total OCI	556			(2)		(18)		17		—		553
Balance, December 31, 2019	576		(1)	6		(138)		(181)		(1)		262
OCI before reclassifications	416			—		(66)		27		—		377
Amounts reclassified from AOCI	(9)			(1)		—		—		—		(10)
Total OCI	407			(1)		(66)		27		—		367
Balance, December 31, 2020	983		(1)	5		(204)		(154)		(1)		629
OCI before reclassifications	(222)			—		36		(13)		—		(199)
Amounts reclassified from AOCI	(443)			(1)		17		—		—		(427)
Total OCI	(665)			(1)		53		(13)		—		(626)
Balance, December 31, 2021	$	318	(1)	$	4	$	(151)	$	(167)	$	(1)	$	3

(1) Includes nil, nil and $1 million of noncredit related impairments on securities and net unrealized gains (losses) on previously impaired securities as of December 31, 2021, 2020 and 2019, respectively.