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DERIVATIVES - Financial Statement Impact of Derivatives By Category (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Derivatives, Fair Value [Line Items]    
Net derivative gains (losses) $ 821 $ (2,546)
Interest credited to policyholders’ account balances (315) (291)
Amount Due from Reinsurers    
Derivatives, Fair Value [Line Items]    
Net derivative gains (losses) (767) 0
Interest credited to policyholders’ account balances 0 0
AOCI 0 0
GMIB Reinsurance Contracts    
Derivatives, Fair Value [Line Items]    
Net derivative gains (losses) (260) (578)
Interest credited to policyholders’ account balances 0 0
AOCI 0 0
GMxB Derivative Features’ Liability    
Derivatives, Fair Value [Line Items]    
Net derivative gains (losses) 1,688 3,408
Interest credited to policyholders’ account balances 0 0
AOCI 0 0
Settlement fee   46
SCS, SIO, MSO and IUL Indexed Features    
Derivatives, Fair Value [Line Items]    
Net derivative gains (losses) 323 (1,145)
Interest credited to policyholders’ account balances 0 0
AOCI 0 0
Embedded derivatives    
Derivatives, Fair Value [Line Items]    
Net derivative gains (losses) 984 1,685
Interest credited to policyholders’ account balances 0 0
AOCI 0 0
Derivative instruments including embedded derivative    
Derivatives, Fair Value [Line Items]    
Net derivative gains (losses) 821 (2,592)
Interest credited to policyholders’ account balances (18) 0
AOCI (7) (6)
Not designated for hedge accounting    
Derivatives, Fair Value [Line Items]    
Net derivative gains (losses) (145) (4,273)
Interest credited to policyholders’ account balances 0 0
AOCI 0 0
Not designated for hedge accounting | Currency Swaps    
Derivatives, Fair Value [Line Items]    
Net derivative gains (losses) 5 1
Interest credited to policyholders’ account balances 0 0
AOCI 0 0
Not designated for hedge accounting | Swaps    
Derivatives, Fair Value [Line Items]    
Net derivative gains (losses) (149) (2,911)
Interest credited to policyholders’ account balances 0 0
AOCI 0 0
Not designated for hedge accounting | Futures    
Derivatives, Fair Value [Line Items]    
Net derivative gains (losses) 58 (288)
Interest credited to policyholders’ account balances 0 0
AOCI 0 0
Not designated for hedge accounting | Swaps    
Derivatives, Fair Value [Line Items]    
Net derivative gains (losses) 734 (1,271)
Interest credited to policyholders’ account balances 0 0
AOCI 0 0
Not designated for hedge accounting | Options    
Derivatives, Fair Value [Line Items]    
Net derivative gains (losses) (284) 1,145
Interest credited to policyholders’ account balances 0 0
AOCI 0 0
Not designated for hedge accounting | Futures    
Derivatives, Fair Value [Line Items]    
Net derivative gains (losses) (512) (949)
Interest credited to policyholders’ account balances 0 0
AOCI 0 0
Not designated for hedge accounting | Swaptions    
Derivatives, Fair Value [Line Items]    
Net derivative gains (losses) 0 0
Interest credited to policyholders’ account balances 0 0
AOCI 0 0
Not designated for hedge accounting | Credit default swaps    
Derivatives, Fair Value [Line Items]    
Net derivative gains (losses) 2 0
Interest credited to policyholders’ account balances 0 0
AOCI 0 0
Not designated for hedge accounting | Currency forwards    
Derivatives, Fair Value [Line Items]    
Net derivative gains (losses) 1 0
Interest credited to policyholders’ account balances 0 0
AOCI 0 0
Not designated for hedge accounting | Margin    
Derivatives, Fair Value [Line Items]    
Net derivative gains (losses) 0 0
Interest credited to policyholders’ account balances 0 0
AOCI 0 0
Not designated for hedge accounting | Collateral    
Derivatives, Fair Value [Line Items]    
Net derivative gains (losses) 0 0
Interest credited to policyholders’ account balances 0 0
AOCI 0 0
Cash flow hedge | Designated for hedge accounting    
Derivatives, Fair Value [Line Items]    
Net derivative gains (losses) (18) (4)
Interest credited to policyholders’ account balances (18) 0
AOCI (7) (6)
Cash flow hedge | Designated for hedge accounting | Currency Swaps    
Derivatives, Fair Value [Line Items]    
Net derivative gains (losses) (4) 0
Interest credited to policyholders’ account balances (18) 0
AOCI 13 0
Cash flow hedge | Designated for hedge accounting | Swaps    
Derivatives, Fair Value [Line Items]    
Net derivative gains (losses) (14) (4)
Interest credited to policyholders’ account balances 0 0
AOCI $ (20) $ (6)