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Fair Value of Assets and Liabilities (Financial Instruments where Carrying Amounts and Fair Values May Differ) (Details) - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Assets:      
Fixed maturities, held-to-maturity [1] $ 1,933 $ 2,013  
Assets supporting experience-rated contractholder liabilities [1] 21,597 21,254  
Commercial mortgage and other loans [1] 63,559 59,830  
Policy loans 12,096 12,016  
Other invested assets [1] 15,606 14,526  
Short-term investments 5,467 6,469  
Cash and cash equivalents 16,327 [1] 15,353 [1] $ 14,490
Accrued investment income [1] 3,330 3,318  
Liabilities:      
Securities sold under agreements to repurchase 9,681 9,950  
Cash collateral for loaned securities 4,213 3,929  
Short-term debt 1,933 2,451  
Long-term debt 18,646 17,378  
Fair Value      
Assets:      
Fixed maturities, held-to-maturity 2,302 2,372  
Assets supporting experience-rated contractholder liabilities 16 0  
Commercial mortgage and other loans 65,665 59,215  
Policy loans 12,096 12,016  
Other invested assets 36 40  
Short-term investments 1,531 976  
Cash and cash equivalents 7,321 5,875  
Accrued investment income 3,330 3,318  
Other assets 3,316 2,813  
Total assets 95,613 86,625  
Liabilities:      
Policyholders’ account balances—investment contracts 102,156 98,428  
Securities sold under agreements to repurchase 9,681 9,950  
Cash collateral for loaned securities 4,213 3,929  
Short-term debt 1,953 2,512  
Long-term debt 21,324 17,972  
Notes issued by consolidated VIEs 474 360  
Other liabilities 6,982 6,848  
Separate account liabilities-investment contracts 101,541 92,936  
Total liabilities 248,324 232,935  
Carrying Amount      
Assets:      
Fixed maturities, held-to-maturity 1,933 2,013  
Assets supporting experience-rated contractholder liabilities 16 0  
Commercial mortgage and other loans 63,331 59,067  
Policy loans 12,096 12,016  
Other invested assets 36 40  
Short-term investments 1,531 976  
Cash and cash equivalents 7,321 5,875  
Accrued investment income 3,330 3,318  
Other assets 3,315 2,813  
Total assets 92,909 86,118  
Liabilities:      
Policyholders’ account balances—investment contracts 101,241 99,829  
Securities sold under agreements to repurchase 9,681 9,950  
Cash collateral for loaned securities 4,213 3,929  
Short-term debt 1,933 2,451  
Long-term debt 18,646 17,378  
Notes issued by consolidated VIEs 474 360  
Other liabilities 6,982 6,848  
Separate account liabilities-investment contracts 101,541 92,936  
Total liabilities 244,711 233,681  
Level 1 | Fair Value      
Assets:      
Fixed maturities, held-to-maturity 0 0  
Assets supporting experience-rated contractholder liabilities 16 0  
Commercial mortgage and other loans 0 0  
Policy loans 0 0  
Other invested assets 0 0  
Short-term investments 1,492 951  
Cash and cash equivalents 6,278 4,871  
Accrued investment income 0 0  
Other assets 147 141  
Total assets 7,933 5,963  
Liabilities:      
Policyholders’ account balances—investment contracts 0 0  
Securities sold under agreements to repurchase 0 0  
Cash collateral for loaned securities 0 0  
Short-term debt 0 0  
Long-term debt 1,950 1,734  
Notes issued by consolidated VIEs 0 0  
Other liabilities 0 0  
Separate account liabilities-investment contracts 0 0  
Total liabilities 1,950 1,734  
Level 2 | Fair Value      
Assets:      
Fixed maturities, held-to-maturity 2,217 1,468  
Assets supporting experience-rated contractholder liabilities 0 0  
Commercial mortgage and other loans 107 109  
Policy loans 0 0  
Other invested assets 36 40  
Short-term investments 39 25  
Cash and cash equivalents 1,043 1,004  
Accrued investment income 3,330 3,318  
Other assets 2,526 2,189  
Total assets 9,298 8,153  
Liabilities:      
Policyholders’ account balances—investment contracts 32,940 31,422  
Securities sold under agreements to repurchase 9,681 9,950  
Cash collateral for loaned securities 4,213 3,929  
Short-term debt 1,748 1,854  
Long-term debt 18,188 15,057  
Notes issued by consolidated VIEs 0 0  
Other liabilities 6,403 6,338  
Separate account liabilities-investment contracts 77,134 66,914  
Total liabilities 150,307 135,464  
Level 3 | Fair Value      
Assets:      
Fixed maturities, held-to-maturity 85 904  
Assets supporting experience-rated contractholder liabilities 0 0  
Commercial mortgage and other loans 65,558 59,106  
Policy loans 12,096 12,016  
Other invested assets 0 0  
Short-term investments 0 0  
Cash and cash equivalents 0 0  
Accrued investment income 0 0  
Other assets 643 483  
Total assets 78,382 72,509  
Liabilities:      
Policyholders’ account balances—investment contracts 69,216 67,006  
Securities sold under agreements to repurchase 0 0  
Cash collateral for loaned securities 0 0  
Short-term debt 205 658  
Long-term debt 1,186 1,181  
Notes issued by consolidated VIEs 474 360  
Other liabilities 579 510  
Separate account liabilities-investment contracts 24,407 26,022  
Total liabilities 96,067 95,737  
Prudential Netting Agreement | Fair Value      
Assets:      
Fixed maturities, held-to-maturity 5,401 4,879  
Liabilities:      
Long-term debt 10,158 9,095  
Prudential Netting Agreement | Carrying Amount      
Assets:      
Fixed maturities, held-to-maturity 4,998 4,879  
Liabilities:      
Long-term debt $ 9,749 $ 9,095  
[1]
See Note 4 for details of balances associated with variable interest entities.