REVISION OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Tables)

3 Months Ended

Mar. 31, 2023

Accounting Changes and Error Corrections [Abstract]

Financial Information Affected by Revisions and Change in Accounting Principle

	Three Months Ended March 31, 2022
	As Previously Reported		ASU 2018-12 Impact		As Adjusted		Impact of Revisions		As Revised
	(in millions)
Statements of Income (Loss):
Other operating costs and expenses	$	21	$	1	$	22	$	1	$	23
Total benefits and deductions	161		(15)		146		1		147
Income (loss) from continuing operations, before income taxes	(22)		(3)		(25)		(1)		(26)
Net income (loss) from continuing operations	(19)		—		(19)		(1)		(20)
Net income (loss)	$	(19)	$	—	$	(19)	$	(1)	$	(20)

	Three Months Ended March 31, 2022
	As Previously Reported		ASU 2018-12 Impact		As Adjusted		Impact of Revisions		As Revised
	(in millions)
Statements of Comprehensive Income (Loss):
Net income (loss)	$	(19)	$	—	$	(19)	$	(1)	$	(20)
Comprehensive income (loss)	$	(169)	$	(16)	$	(185)	$	(1)	$	(186)

	Three Months Ended March 31, 2022
Statements of Equity:	As Previously Reported			ASU 2018-12 Impact			As Adjusted			Impact of Revision			As Revised
	(in millions)
Additional paid-in capital, beginning of year	$	679		$	—		$	679		$	1		$	680
Additional paid-in capital, end of period	680		—	—		—	680		—	1		—	681
Accumulated Deficit, beginning of year	(60)			(64)			(124)			(10)			(134)
Net income (loss)	(19)			—			(19)			(1)			(20)
Accumulated Deficit, end of period	(79)		—	(64)		—	(143)			(11)			(154)
Total equity, end of period	$	540		$	(68)		$	472		$	(10)		$	462

	Three Months March 31, 2022
	As Reported		ASU 2018-12 Impact		As Adjusted		Impact of Revision		As Revised
	(in millions)
Statement of Cash Flows:
Cash flow from operating activities:
Net income (loss)	$	(19)	$	—	$	(19)	$	(1)	$	(20)
Future policy benefits	(4)		—		(4)		13		9
Reinsurance recoverable	14		—		14		(13)		1
Other, net	73		—		73		1		74