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BUSINESS SEGMENT INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment The table below presents Operating earnings (loss) by segment and Corporate and Other and a reconciliation to Net income (loss) attributable to Holdings for the three and six months ended June 30, 2020 and 2019, respectively:
 Three Months Ended June 30,Six Months Ended June 30,
 2020201920202019
(in millions)
Net income (loss) attributable to Holdings$(4,028) $363  $1,382  $(412) 
Adjustments related to:
Variable annuity product features (1)5,727  200  (1,134) 1,740  
Investment (gains) losses(169) 12  (173) 23  
Net actuarial (gains) losses related to pension and other postretirement benefit obligations28  24  55  48  
Other adjustments (2) (3)91  89  725  129  
Income tax expense (benefit) related to above adjustments (4)(1,192) (71) 111  (408) 
Non-recurring tax items2  (58) 8  (52) 
Non-GAAP Operating Earnings$459  $559  $974  $1,068  
Operating earnings (loss) by segment:
Individual Retirement$350  $359  $722  $729  
Group Retirement$90  $95  $196  $176  
Investment Management and Research$92  $80  $187  $157  
Protection Solutions$(12) $106  $26  $155  
Corporate and Other (5)$(61) $(81) $(157) $(149) 
______________
(1)Includes COVID-19 impact on Variable annuity product features due to a first quarter 2020 assumption update of $1.5 billion and other COVID-19 related impacts of $35 million for the six months ended June 30, 2020.
(2)Includes COVID-19 impact on Other adjustments due to a first quarter 2020 assumption update of $988 million for the six months ended June 30, 2020 and other COVID-19 related impacts of $52 million and $103 million for the three and six months ended June 30, 2020.
(3)Include separation costs of $39 million, $58 million,$71 million and $82 million for the three and six months ended June 30, 2020 and 2019, respectively.
(4)Includes income taxes of $11 million and $545 million for the above COVID-19 items for the three and six months ended June 30, 2020.
(5)Includes interest expense and financing fees of $52 million, $59 million, $108 million and $111 million for the three and six months ended June 30, 2020 and 2019, respectively.
Segment revenues is a measure of the Company’s revenue by segment as adjusted to exclude certain items. The following table reconciles segment revenues to Total revenues by excluding the following items:
•Items related to variable annuity product features, which include certain changes in the fair value of the derivatives and other securities we use to hedge these features and changes in the fair value of the embedded derivatives reflected within the net derivative results of variable annuity product features;
•Investment (gains) losses, which includes credit loss impairments of securities/investments, sales or disposals of securities/investments, realized capital gains/losses and valuation allowances;
•Other adjustments, which includes investment income (loss) from certain derivative instruments, excluding derivative instruments used to hedge risks associated with interest margins on interest sensitive life and annuity contracts and freestanding and embedded derivatives associated with products with GMxB features.
The table below presents segment revenues for the three and six months ended June 30, 2020 and 2019.
 
Three Months Ended June 30,Six Months Ended June 30,
 
2020201920202019
(in millions)
Segment revenues:
Individual Retirement (1)$809  $1,073  $2,290  $2,080  
Group Retirement (1)246  267  528  518  
Investment Management and Research (2)844  848  1,751  1,628  
Protection Solutions (1)730  843  1,589  1,674  
Corporate and Other (1)283  300  582  612  
Adjustments related to:
Variable annuity product features(5,678) (161) 2,661  (1,639) 
Investment gains (losses), net169  (12) 173  (23) 
Other adjustments to segment revenues (3)67  2  489  24  
Total revenues$(2,530) $3,160  $10,063  $4,874  
______________
(1)Includes investment expenses charged by AB of $17 million, $21 million, $35 million and $39 million for the three and six months ended June 30, 2020 and 2019, respectively, for services provided to the Company.
(2)Inter-segment investment management and other fees of $27 million, $26 million, $54 million and $51 million for the three and six months ended June 30, 2020 and 2019, respectively, are included in segment revenues of the Investment Management and Research segment.
(3)Includes COVID-19 impact on other adjustments due to an assumption update of $46 million for the six months ended June 30, 2020 and other COVID-19 related impacts of $21 million and $(30) million for the three and six months ended June 30, 2020.
The table below presents Total assets by segment as of June 30, 2020 and December 31, 2019:
 
June 30, 2020December 31, 2019
(in millions)
Total assets by segment:
Individual Retirement$125,169  $123,626  
Group Retirement44,895  43,588  
Investment Management and Research10,812  10,170  
Protection Solutions45,762  46,886  
Corporate and Other27,472  25,600  
Total assets$254,110  $249,870