Changes in and Reclassifications from Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2021

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Changes in and Reclassifications from Accumulated Other Comprehensive Income (Loss)

15. CHANGES IN AND RECLASSIFICATIONS FROM ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Changes in AOCI, Net of Tax for the Three Months Ended September 30, 2021
	Changes in
	Net Unrealized Gain on Fixed Maturities		Unrealized Loss on Fixed Maturities with ACL		Net Gain on Cash Flow Hedging Instruments		Foreign Currency Translation Adjustments		Pension and Other Postretirement Plan Adjustments		AOCI, net of tax
Beginning balance	$	2,204	$	(2)	$	12	$	46	$	(1,690)	$	570
OCI before reclassifications	(231)		—		8		(4)		1		(226)
Amounts reclassified from AOCI	(43)		—		(7)		—		13		(37)
OCI, net of tax	(274)		—		1		(4)		14		(263)
Ending balance	$	1,930	$	(2)	$	13	$	42	$	(1,676)	$	307

Changes in AOCI, Net of Tax for the Nine Months Ended September 30, 2021
	Changes in
	Net Unrealized Gain on Fixed Maturities		Unrealized Loss on Fixed Maturities with ACL		Net Gain on Cash Flow Hedging Instruments		Foreign Currency Translation Adjustments		Pension and Other Postretirement Plan Adjustments		AOCI, net of tax
Beginning balance	$	2,834	$	(2)	$	12	$	43	$	(1,717)	$	1,170
OCI before reclassifications	(816)		—		22		(1)		(1)		(796)
Amounts reclassified from AOCI	(88)		—		(21)		—		42		(67)
OCI, net of tax	(904)		—		1		(1)		41		(863)
Ending balance	$	1,930	$	(2)	$	13	$	42	$	(1,676)	$	307

Reclassifications from AOCI
	Three Months Ended September 30, 2021		Nine Months Ended September 30, 2021		Affected Line Item in the Condensed Consolidated Statement of Operations
Net Unrealized Gain on Fixed Maturities
Available-for-sale fixed maturities	$	55	$	112	Net realized gains (losses)
	55		112		Total before tax
	12		24		Income tax expense
	$	43	$	88	Net income
Net Gains on Cash Flow Hedging Instruments
Interest rate swaps	$	11	$	31	Net investment income
Interest rate swaps	(3)		(8)		Interest expense
Foreign currency swaps	1		3		Net investment income
	9		26		Total before tax
	2		5		Income tax expense
	$	7	$	21	Net income
Pension and Other Postretirement Plan Adjustments
Amortization of prior service credit	$	2	$	5	Insurance operating costs and other expenses
Amortization of actuarial loss	(19)		(58)		Insurance operating costs and other expenses
	(17)		(53)		Total before tax
	(4)		(11)		Income tax expense
	$	(13)	$	(42)	Net income
Total amounts reclassified from AOCI	$	37	$	67	Net income

Changes in AOCI, Net of Tax for the Three Months Ended September 30, 2020
	Changes in
	Net Unrealized Gain on Fixed Maturities		Net Unrealized Loss on Fixed Maturities with ACL		Net Gain on Cash Flow Hedging Instruments		Foreign Currency Translation Adjustments		Pension and Other Postretirement Plan Adjustments		AOCI, net of tax
Beginning balance	$	2,055	$	(2)	$	48	$	27	$	(1,649)	$	479
OCI before reclassifications	388		—		(10)		6		—		384
Amounts reclassified from AOCI	(12)		—		(7)		—		12		(7)
OCI, net of tax	376		—		(17)		6		12		377
Ending balance	$	2,431	$	(2)	$	31	$	33	$	(1,637)	$	856

Changes in AOCI, Net of Tax for the Nine Months Ended September 30, 2020
	Changes in
	Net Unrealized Gain on Fixed Maturities		Net Unrealized Loss on Fixed Maturities with ACL		Net Gain on Cash Flow Hedging Instruments		Foreign Currency Translation Adjustments		Pension and Other Postretirement Plan Adjustments		AOCI, net of tax
Beginning balance	$	1,684	$	(3)	$	9	$	34	$	(1,672)	$	52
OCI before reclassifications	842		1		37		(1)		(1)		878
Amounts reclassified from AOCI	(95)		—		(15)		—		36		(74)
OCI, net of tax	747		1		22		(1)		35		804
Ending balance	$	2,431	$	(2)	$	31	$	33	$	(1,637)	$	856

Reclassifications from AOCI
	Three Months Ended September 30, 2020		Nine Months Ended September 30, 2020		Affected Line Item in the Condensed Consolidated Statement of Operations
Net Unrealized Gain on Fixed Maturities
Available-for-sale fixed maturities	$	15	$	120	Net realized gains (losses)
	15		120		Total before tax
	3		25		Income tax expense
	$	12	$	95	Net income
Net Gains on Cash Flow Hedging Instruments
Interest rate swaps	$	9	$	19	Net investment income
Interest rate swaps	(2)		(4)		Interest expense
Foreign currency swaps	1		3		Net investment income
Foreign currency swaps	1		1		Net realized gains (losses)
	9		19		Total before tax
	2		4		Income tax expense
	$	7	$	15	Net income
Pension and Other Postretirement Plan Adjustments
Amortization of prior service credit	$	2	$	5	Insurance operating costs and other expenses
Amortization of actuarial loss	(17)		(50)		Insurance operating costs and other expenses
	(15)		(45)		Total before tax
	(3)		(9)		Income tax expense
	$	(12)	$	(36)	Net income
Total amounts reclassified from AOCI	$	7	$	74	Net income