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EQUITY (Tables)
 12 Months Ended
Dec. 31, 2022
Equity [Abstract]  
Schedule of Stockholders Equity
As discussed in Note 1, we have elected to apply push-down accounting to FLIAC at the acquisition date, April 1, 2022. As part of this election, accumulated unrealized gains and losses that were previously recorded in AOCI were reset to zero at the acquisition date. In addition, as discussed in Note 1, we have elected to apply the fair value option on our entire portfolio of fixed maturity securities. As a result, all unrealized gains and losses related to our fixed maturity securities are recorded through earnings rather than AOCI. As discussed in Note 5, we have de-designated the hedging relationship for all of our derivative instruments. Accordingly, all changes in our derivative instruments are recorded through earnings.
AOCI is comprised entirely of changes in own-credit risk related to insurance liabilities. The balance of and changes in AOCI are as follows:
 Changes in Own-Credit Risk Related to Insurance Liabilities
 
Balance, April 1, 2022$— 
Change in OCI before reclassifications140 
Amounts reclassified from AOCI— 
Income tax expense(29)
Balance, December 31, 2022$111 
The balance of and changes in each component of AOCI are as follows:
 Accumulated Other Comprehensive Income (Loss)
 Foreign Currency
Translation
Adjustment		Net Unrealized
Investment
Gains (Losses)(1)		Total Accumulated
Other
Comprehensive
Income (Loss)
 (in millions)
Balance, December 31, 2019$(1)$430 $429 
Change in OCI before reclassifications— 1,389 1,389 
Amounts reclassified from AOCI— 9 9 
Income tax expense— (294)(294)
Balance, December 31, 2020(1)1,534 1,533 
Change in OCI before reclassifications— (389)(389)
Amounts reclassified from AOCI— (1,336)(1,336)
Income tax benefit — 362 362 
Balance, December 31, 2021(1)171 170 
Change in OCI before reclassifications— (576)(576)
Amounts reclassified from AOCI— 15 15 
Income tax benefit — 118 118 
Balance, March 31, 2022$(1)$(272)$(273)

(1)Includes cash flow hedges of $29 million, $25 million and $(43) million as of three month ended March 31,2022, December 31, 2021 and 2020, respectively.