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CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY - USD ($)
$ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
Common Stock
Capital in Excess of Par Value
Capital in Excess of Par Value
Cumulative Effect, Period of Adoption, Adjustment
Accumulated Undistributed (Overdistributed) Earnings
Accumulated Undistributed (Overdistributed) Earnings
Cumulative Effect, Period of Adoption, Adjustment
Beginning balance (in shares) at Dec. 31, 2020     423,000,000        
Beginning balance at Dec. 31, 2020 $ 7,176   $ 0 $ 7,656   $ (480)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuances of common stock (net of offering and underwriting costs) (in shares)     14,000,000        
Issuances of common stock (net of offering and underwriting costs) 249     249      
Shares issued in connection with dividend reinvestment plan 9     9      
Net investment income 144         144  
Net realized gains on investments, foreign currency, extinguishment of debt and other transactions 16         16  
Net unrealized gains on investments, foreign currency and other transactions 213         213  
Dividends declared and payable (175)         (175)  
Ending balance (in shares) at Mar. 31, 2021     437,000,000        
Ending balance at Mar. 31, 2021 7,632   $ 0 7,914   (282)  
Beginning balance (in shares) at Dec. 31, 2020     423,000,000        
Beginning balance at Dec. 31, 2020 7,176   $ 0 7,656   (480)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net investment income 499            
Net realized gains on investments, foreign currency, extinguishment of debt and other transactions 267            
Net unrealized gains on investments, foreign currency and other transactions $ 462            
Shares issued in connection with dividend reinvestment plan (in shares) 1,500,000            
Ending balance (in shares) at Sep. 30, 2021     461,000,000        
Ending balance at Sep. 30, 2021 $ 8,537   $ 0 8,373   164  
Beginning balance (in shares) at Dec. 31, 2020     423,000,000        
Beginning balance at Dec. 31, 2020 7,176   $ 0 7,656   (480)  
Ending balance (in shares) at Dec. 31, 2021     468,000,000        
Ending balance at Dec. 31, 2021 $ 8,868 $ (2) $ 0 8,553 $ (4) 315 $ 2
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Accounting Standards Update [Extensible Enumeration] Accounting Standards Update 2020-06            
Beginning balance (in shares) at Mar. 31, 2021     437,000,000        
Beginning balance at Mar. 31, 2021 $ 7,632   $ 0 7,914   (282)  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuances of common stock (net of offering and underwriting costs) (in shares)     7,000,000        
Issuances of common stock (net of offering and underwriting costs) 135     135      
Shares issued in connection with dividend reinvestment plan 10     10      
Net investment income 171         171  
Net realized gains on investments, foreign currency, extinguishment of debt and other transactions 59         59  
Net unrealized gains on investments, foreign currency and other transactions 248         248  
Dividends declared and payable (177)         (177)  
Shares issued in connection with dividend reinvestment plan (in shares)     1,000,000        
Ending balance (in shares) at Jun. 30, 2021     445,000,000        
Ending balance at Jun. 30, 2021 8,078   $ 0 8,059   19  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuances of common stock (net of offering and underwriting costs) (in shares)     15,000,000        
Issuances of common stock (net of offering and underwriting costs) 304     304      
Shares issued in connection with dividend reinvestment plan 10     10      
Net investment income 184         184  
Net realized gains on investments, foreign currency, extinguishment of debt and other transactions 149         149  
Net unrealized gains on investments, foreign currency and other transactions 1         1  
Dividends declared and payable (189)         (189)  
Shares issued in connection with dividend reinvestment plan (in shares)     1,000,000        
Ending balance (in shares) at Sep. 30, 2021     461,000,000        
Ending balance at Sep. 30, 2021 8,537   $ 0 8,373   164  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuances of common stock (net of offering and underwriting costs) (in shares)     6,000,000        
Issuances of common stock (net of offering and underwriting costs) 131     131      
Shares issued in connection with dividend reinvestment plan 9     9      
Net investment income 242         242  
Net realized gains on investments, foreign currency, extinguishment of debt and other transactions 16         16  
Net unrealized gains on investments, foreign currency and other transactions 124         124  
Dividends declared and payable (191)         (191)  
Shares issued in connection with dividend reinvestment plan (in shares)     1,000,000        
Tax reclassification of stockholders’ equity in accordance with GAAP 0     40   (40)  
Ending balance (in shares) at Dec. 31, 2021     468,000,000        
Ending balance at Dec. 31, 2021 8,868 (2) $ 0 8,553 (4) 315 2
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuances of common stock (net of offering and underwriting costs) (in shares)     25,000,000        
Issuances of common stock (net of offering and underwriting costs) 510     510      
Shares issued in connection with dividend reinvestment plan 12     12      
Net investment income 198         198  
Net realized gains on investments, foreign currency, extinguishment of debt and other transactions 10         10  
Net unrealized gains on investments, foreign currency and other transactions 3         3  
Dividends declared and payable (220)         (220)  
Ending balance (in shares) at Mar. 31, 2022     493,000,000        
Ending balance at Mar. 31, 2022 9,379   $ 0 9,071   308  
Beginning balance (in shares) at Dec. 31, 2021     468,000,000        
Beginning balance at Dec. 31, 2021 8,868 $ (2) $ 0 8,553 $ (4) 315 $ 2
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net investment income 743            
Net realized gains on investments, foreign currency, extinguishment of debt and other transactions 55            
Net unrealized gains on investments, foreign currency and other transactions $ (324)            
Shares issued in connection with dividend reinvestment plan (in shares) 600,000            
Ending balance (in shares) at Sep. 30, 2022     508,000,000        
Ending balance at Sep. 30, 2022 $ 9,436   $ 0 9,370   66  
Beginning balance (in shares) at Mar. 31, 2022     493,000,000        
Beginning balance at Mar. 31, 2022 9,379   $ 0 9,071   308  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuances of common stock (net of offering and underwriting costs) (in shares)     3,000,000        
Issuances of common stock (net of offering and underwriting costs) 68     68      
Net investment income 257         257  
Net realized gains on investments, foreign currency, extinguishment of debt and other transactions (3)         (3)  
Net unrealized gains on investments, foreign currency and other transactions (143)         (143)  
Dividends declared and payable (223)         (223)  
Ending balance (in shares) at Jun. 30, 2022     496,000,000        
Ending balance at Jun. 30, 2022 9,335   $ 0 9,139   196  
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuances of common stock (net of offering and underwriting costs) (in shares)     12,000,000        
Issuances of common stock (net of offering and underwriting costs) 231     231      
Net investment income 288         288  
Net realized gains on investments, foreign currency, extinguishment of debt and other transactions 0            
Net unrealized gains on investments, foreign currency and other transactions (184)         (184)  
Dividends declared and payable           (234)  
Ending balance (in shares) at Sep. 30, 2022     508,000,000        
Ending balance at Sep. 30, 2022 $ 9,436   $ 0 $ 9,370   $ 66