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EQUITY - Components of OCI, Net of Taxes (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Mar. 31, 2024
Sep. 30, 2023
Mar. 31, 2023
Sep. 30, 2023
Change in net unrealized gains (losses) on investments:        
Net unrealized gains (losses) arising during the period $ (72)   $ 72  
(Gains) losses reclassified into net income (loss) during the period 0   4  
Net unrealized gains (losses) on investments (72)   76  
Adjustments for policyholders’ liabilities, insurance liability loss recognition and other 1   (1)  
Change in unrealized gains (losses), net of adjustments (net of deferred income tax expense (benefit) of $(13) and $16) [1] (71)   75  
Change in LFPB discount rate and MRB credit risk        
Change in market risk benefits - instrument-specific credit risk (net of deferred income tax expense (benefit) of $13 and $1) 48   4  
Changes in liability for future policy benefits - current discount rate (net of deferred income tax expense (benefit) of $5 and $0) 18   0  
Other comprehensive income (loss), net of income taxes (5) $ (404) 79 $ (368)
Deferred income tax expense (benefit) for change in unrealized gains (losses) (13)   16  
Deferred income tax expense (benefit) for market risk benefits - change in instrument-specific credit risk 13   1  
Deferred income tax expense (benefit) for liability for future policy benefits - change in current discount rate 5   0  
Reclassification adjustment $ 0   $ 1  
[1] See Note 12 of the Notes to these Consolidated Financial Statements for details of change in unrealized gains (losses), net of adjustments.