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CLOSED BLOCK - Closed Block Summarized Financial Information (Details) - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Closed Block Liabilities:    
Future policy benefits, policyholders’ account balances and other $ 6,327 $ 6,478
Policyholder dividend obligation 150 2
Other liabilities 100 38
Total Closed Block liabilities 6,577 6,518
Assets Designated to the Closed Block:    
Fixed maturities available-for-sale, at fair value (amortized cost of $3,490 and $3,558) (allowance for credit losses of $0 at June 30, 2020) 3,838 3,754
Mortgage loans on real estate (net of allowance for credit losses of $7 at June 30, 2020) 1,774 1,759
Policy loans 668 706
Cash and other invested assets 44 82
Other assets 183 145
Total assets designated to the Closed Block 6,507 6,446
Excess of Closed Block liabilities over assets designated to the Closed Block 70 72
Amounts included in accumulated other comprehensive income (loss):    
Net unrealized investment gains (losses), net of policyholders’ dividend obligation: $150 and $2; and net of income tax: $42 and $41 167 164
Maximum future earnings to be recognized from Closed Block assets and liabilities 237 236
Fixed maturities available-for-sale, allowance for credit losses 0  
Fixed maturity available for sale, amortized cost 3,490 3,558
Mortgage loans, credit losses 7  
Policyholder dividend obligation 150 2
Closed block operations, income taxes $ 42 $ 41