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Fair Value Measurements - The carrying value and fair value of financial instruments (Details) - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Financial assets:    
Mortgage loans $ 1,329 $ 1,068
Policy loans 164 174
Financial liabilities:    
Long-term debt 1,473 1,302
Level 1    
Financial assets:    
Cash and cash equivalents 2,314 1,515
Mortgage loans 0 0
Policy loans 0 0
Total financial assets not accounted for at fair value 2,314 1,515
Financial liabilities:    
Annuity benefits accumulated [1] 0 0
Long-term debt 0 0
Total financial liabilities not accounted for at fair value 0 0
Level 2    
Financial assets:    
Cash and cash equivalents 0 0
Mortgage loans 0 0
Policy loans 0 0
Total financial assets not accounted for at fair value 0 0
Financial liabilities:    
Annuity benefits accumulated [1] 0 0
Long-term debt 1,619 1,228
Total financial liabilities not accounted for at fair value 1,619 1,228
Level 3    
Financial assets:    
Cash and cash equivalents 0 0
Mortgage loans 1,346 1,056
Policy loans 164 174
Total financial assets not accounted for at fair value 1,510 1,230
Financial liabilities:    
Annuity benefits accumulated [1] 40,182 34,765
Long-term debt 3 3
Total financial liabilities not accounted for at fair value 40,185 34,768
Carrying Value    
Financial assets:    
Cash and cash equivalents 2,314 1,515
Mortgage loans 1,329 1,068
Policy loans 164 174
Total financial assets not accounted for at fair value 3,807 2,757
Financial liabilities:    
Annuity benefits accumulated [1] 40,159 36,384
Long-term debt 1,473 1,302
Total financial liabilities not accounted for at fair value 41,632 37,686
Fair Value    
Financial assets:    
Cash and cash equivalents 2,314 1,515
Mortgage loans 1,346 1,056
Policy loans 164 174
Total financial assets not accounted for at fair value 3,824 2,745
Financial liabilities:    
Annuity benefits accumulated [1] 40,182 34,765
Long-term debt 1,622 1,231
Total financial liabilities not accounted for at fair value $ 41,804 $ 35,996
[1]
Excludes $247 million and $232 million of life contingent annuities in the payout phase at December 31, 2019 and 2018, respectively.