SEGMENT INFORMATION - Balance Sheet by Segment (Details) - USD ($) $ in Millions		Sep. 30, 2022	Dec. 31, 2021
Assets
Total investments		$ 6,202	$ 11,605
Cash and cash equivalents		1,276	2,016
Accrued investment income		56	61
Net modified coinsurance receivable	[1]	70	0
Reinsurance recoverables	[1]	220	8,108
Income taxes		90	909
Deposit asset	[1]	859	2,659
Other assets		119	954
Separate account assets		23,016	32,267
Total assets		31,908	58,579
Liabilities:
Insurance liabilities	[1]	6,304	0
Other liabilities		848	1,192
Separate account liabilities		23,016	32,267
Total liabilities		30,168	56,897
Total equity		1,740	1,682
TOTAL LIABILITIES AND EQUITY		31,908	$ 58,579
Retained Business
Assets
Total investments		4,310
Cash and cash equivalents		553
Accrued investment income		45
Net modified coinsurance receivable		0
Reinsurance recoverables		0
Income taxes		90
Deposit asset		0
Other assets		117
Separate account assets		21,024
Total assets		26,139
Liabilities:
Insurance liabilities		3,019
Other liabilities		356
Separate account liabilities		21,024
Total liabilities		24,399
Total equity		1,740
TOTAL LIABILITIES AND EQUITY		26,139
Ceded Business
Assets
Total investments		1,892
Cash and cash equivalents		723
Accrued investment income		11
Net modified coinsurance receivable		70
Reinsurance recoverables		220
Income taxes		0
Deposit asset		859
Other assets		2
Separate account assets		1,992
Total assets		5,769
Liabilities:
Insurance liabilities		3,285
Other liabilities		492
Separate account liabilities		1,992
Total liabilities		5,769
Total equity		0
TOTAL LIABILITIES AND EQUITY		$ 5,769

[1] As of April 1, 2022 we have elected the fair value option for these financial statement line items. See Note 2 for further discussion.