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Income Tax (Tables)
12 Months Ended
Dec. 31, 2022
Income Tax Disclosure [Abstract]  
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]
Pre-tax income for the years ended December 31, 2022, 2021 and 2020 consists of the following (dollars in millions): 
202220212020
Pre-tax income – U.S.
$399 $327 $79 
Pre-tax income – foreign
432 364 474 
Total pre-tax income$831 $691 $553 
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
The provision for income tax expense for the years ended December 31, 2022, 2021 and 2020 consists of the following (dollars in millions):
 202220212020
Current income tax expense (benefit):
U.S.$$91 $75 
Foreign120 72 79 
Total current129 163 154 
Deferred income tax expense (benefit):
U.S.68 (127)(60)
Foreign38 44 
Total deferred75 (89)(16)
Total provision for income taxes$204 $74 $138 
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
The Company’s effective tax rate differed from the U.S. federal income tax statutory rate of 21% as a result of the following for the years ended December 31, 2022, 2021 and 2020 (dollars in millions):
 202220212020
Tax provision at U.S. statutory rate$175 $145 $116 
Increase (decrease) in income taxes resulting from:
Tax rate differences on income in other jurisdictions21 51 21 
Differences in tax basis in foreign jurisdictions10 (4)(32)
Deferred tax valuation allowance(6)(18)10 
Amounts related to uncertain tax positions(119)10 
Equity based compensation(2)(1)(1)
Corporate rate changes29 13 
GILTI, net of credits21 11 13 
Subpart F for non-full inclusion companies60 — 
Foreign tax credits(67)(10)(7)
Return to provision adjustments(13)(17)(4)
Other, net— (1)
Total provision for income taxes$204 $74 $138 
Effective tax rate (1)
24.6 %10.6 %24.9 %
(1)    The Company rounds amounts in the financial statements to millions and calculates the effective tax rate from the underlying whole-dollar amounts. Thus certain amounts may not recalculate based on the numbers due to rounding.
Schedule Of Income Tax Expense Benefit Intraperiod Tax Allocation [Table Text Block]
Total income taxes for the years ended December 31, 2022, 2021 and 2020 were as follows (dollars in millions):
202220212020
Provision for income taxes$204 $74 $138 
Income tax from OCI and additional paid-in-capital:
Net unrealized holding gain (loss) on debt and equity securities recognized for financial reporting purposes(2,495)(520)611 
Foreign currency translation21 23 (9)
Unrealized pension and post retirement(1)
   Total income taxes provided$(2,263)$(416)$739 
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
The tax effects of temporary differences that give rise to significant portions of the deferred income tax assets and liabilities at December 31, 2022 and 2021, are presented in the following tables (dollars in millions):
 20222021
Deferred income tax assets:
Nondeductible accruals$90 $85 
Net operating loss carryforward295 251 
Tax Credit Carryforward80 50 
Invested assets1,309 — 
Other11 
Subtotal1,785 389 
Valuation allowance(221)(218)
Total deferred income tax assets1,564 171 
Deferred income tax liabilities:
Deferred acquisition costs756 754 
Policy reserves and other reinsurance liabilities820 1,085 
Invested assets— 793 
Outside basis difference foreign subsidiaries268 260 
Foreign currency translation90 66 
Anticipated future tax credit reduction85 58 
Total deferred income tax liabilities2,019 3,016 
Net deferred income tax liabilities$455 $2,845 
Balance sheet presentation of net deferred income tax liabilities:
Included in other assets$281 $41 
Included in deferred income taxes736 2,886 
Net deferred income tax liabilities$455 $2,845 
Summary of Operating Loss Carryforwards [Table Text Block]
The following table presents consolidated net operating losses (“NOL”) as of December 31, 2022 (dollars in millions):
2022
NOL with no expiration and with no valuation allowance$472 
NOL with a full valuation allowance161 
NOL with no expiration and a partial valuation allowance527 
Total net operating loss carryforwards$1,160 
Summary of Income Tax Contingencies [Table Text Block]
A reconciliation of the beginning and ending amount of unrecognized tax benefits for the years ended December 31, 2022, 2021 and 2020, is as follows (dollars in millions):
  
Total Unrecognized Tax Benefits
 202220212020
Beginning balance, January 1$34 $342 $333 
Additions for tax positions of prior years281 
Reductions for tax positions of prior years(4)(312)(278)
Additions for tax positions of current year
Ending balance, December 31$35 $34 $342