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CLOSED BLOCK - Closed Block Summarized Financial Information (Details) - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Closed Block Liabilities:    
Future policy benefits, policyholders’ account balances and other $ 6,260 $ 6,478
Policyholder dividend obligation 149 2
Other liabilities 58 38
Total Closed Block liabilities 6,467 6,518
Assets Designated to the Closed Block:    
Fixed maturities available-for-sale, at fair value (amortized cost of $3,4400 and $3,558) (allowance for credit losses of $0 at September 30, 2020) 3,788 3,754
Mortgage loans on real estate (net of allowance for credit losses of $6 at September 30, 2020) 1,782 1,759
Policy loans 656 706
Cash and other invested assets 3 82
Other assets 172 145
Total assets designated to the Closed Block 6,401 6,446
Excess of Closed Block liabilities over assets designated to the Closed Block 66 72
Amounts included in accumulated other comprehensive income (loss):    
Net unrealized investment gains (losses), net of policyholders’ dividend obligation: $149 and $2; and net of income tax: $42 and $41 168 164
Maximum future earnings to be recognized from Closed Block assets and liabilities 234 236
Fixed maturity available for sale, amortized cost 3,440 3,558
Fixed maturities available-for-sale, allowance for credit losses 0  
Mortgage loans, credit losses (6)  
Policyholder dividend obligation 149 2
Closed block operations, income taxes $ (42) $ (41)