XML 89 R53.htm IDEA: XBRL DOCUMENT v3.20.1
Fair Value Measurements (Schedule Of Significant Unobservable Inputs Used In Level 3 Liability Valuations) (Detail) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Dec. 31, 2019
Mar. 31, 2019
Dec. 31, 2018
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]        
Fair Value Measurements, Valuation Processes, Description [1] Actuarial model      
Weighted Average [Member]        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]        
Long-Duration Contracts, Assumptions by Product and Guarantee, Lapse Rate [1] 4.30%      
Significant Unobservable Inputs Annuitization Rate [1] 4.60%      
Minimum [Member]        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]        
Long-Duration Contracts, Assumptions by Product and Guarantee, Lapse Rate [1] 3.00%      
Significant Unobservable Inputs Annuitization Rate [1] 0.00%      
Maximum [Member]        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]        
Long-Duration Contracts, Assumptions by Product and Guarantee, Lapse Rate [1] 34.00%      
Significant Unobservable Inputs Annuitization Rate [1] 52.00%      
Guaranteed Minimum Income Benefit [Member]        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]        
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value $ 1,141 $ 456 $ 338 $ 452
Guaranteed Minimum Income Benefit [Member] | Level 3 | Fair Value, Recurring [Member]        
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]        
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value [1] $ 1,141 $ 456 [2]    
[1]
The weighted average lapse and annuitization rates are determined by weighting each treaty's rates by the GLB contracts fair value.
[2]
Our GLB reinsurance product meets the definition of a derivative instrument for accounting purposes and is accordingly carried at fair value. Excluded from the table above is the portion of the GLB derivative liability classified as Future policy benefits in the Consolidated balance sheets.