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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Investments:    
Fixed maturity securities available for sale, at fair value, at March 31, 2020 and December 31, 2019, net of allowance for credit losses of $11 and $0, respectively, and includes pledged fixed maturity securities of $423 and $410, respectively, related to secured trust deposits $ 2,057 $ 2,090
Investments in unconsolidated affiliates 148 131
Other long-term investments 93 153
Short-term investments, at March 31, 2020 and December 31, 2019 includes pledged short-term investments of $0 and $12, respectively, related to secured trust deposits 1,258 876
Total investments 4,488 4,384
Cash and cash equivalents, at March 31, 2020 and December 31, 2019 includes $306 and $384, respectively, of pledged cash related to secured trust deposits 890 1,376
Trade and notes receivables, net of allowance of $23 and $20 at March 31, 2020 and December 31, 2019, respectively 322 346
Goodwill 2,726 2,727
Prepaid expenses and other assets 397 432
Lease assets 406 410
Other intangible assets, net 396 422
Title plants 404 404
Property and equipment, net 175 176
Total assets 10,204 10,677
Liabilities:    
Accounts payable and accrued liabilities 864 1,094
Notes payable 839 838
Reserve for title claim losses 1,518 1,509
Secured trust deposits 826 791
Lease liabilities 439 442
Income taxes payable 53 10
Deferred tax liability 205 284
Total liabilities 4,744 4,968
Commitments and Contingencies:
Redeemable non-controlling interest by 21% minority holder of ServiceLink Holdings, LLC 344 344
Equity:    
FNF common stock, $0.0001 par value; authorized 600,000,000 shares as of March 31, 2020 and December 31, 2019; outstanding of 272,418,216 and 275,563,436 as of March 31, 2020 and December 31, 2019, respectively, and issued of 292,341,256 and 292,236,476 as of March 31, 2020 and December 31, 2019, respectively 0 0
Preferred stock, $0.0001 par value; authorized 50,000,000 shares; issued and outstanding, none 0 0
Additional paid-in capital 4,592 4,581
Retained earnings 1,204 1,356
Accumulated other comprehensive earnings 28 43
Less: Treasury stock,19,923,040 shares and 16,673,040 shares as of March 31, 2020 and December 31, 2019, respectively, at cost (692) (598)
Total Fidelity National Financial, Inc. shareholders’ equity 5,132 5,382
Non-controlling interests (16) (17)
Total equity 5,116 5,365
Total liabilities, redeemable non-controlling interest and equity 10,204 10,677
Preferred securities    
Investments:    
Securities, at fair value 304 323
Equity securities    
Investments:    
Securities, at fair value $ 628 $ 811