XML 75 R58.htm IDEA: XBRL DOCUMENT v3.8.0.1
Segments (Tables)
 12 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Schedule of Operating Earnings Before Income Taxes from Segments
The summary below reconciles Adjusted operating earnings before income taxes for the segments to Income (loss) from continuing operations before income taxes for the periods indicated:
 
Year Ended December 31,
 
2017
 
2016
 
2015
Income (loss) from continuing operations before income taxes
$
528

 
$
10

 
$
476

Less Adjustments:
 
 
 
 
 
Net investment gains (losses) and related charges and adjustments
(84
)
 
(108
)
 
(55
)
Net guaranteed benefit hedging gains (losses) and related charges and adjustments
46

 
4

 
(69
)
Income (loss) related to businesses exited through reinsurance or divestment
(45
)
 
(14
)
 
(169
)
Income (loss) attributable to noncontrolling interest
200

 
29

 
130

Loss related to early extinguishment of debt
(4
)
 
(104
)
 
(10
)
Immediate recognition of net actuarial gains (losses) related to pension and other postretirement benefit obligations and gains (losses) from plan amendments and curtailments
(16
)
 
(55
)
 
63

Other adjustments
(97
)
 
(71
)
 
(58
)
Total adjustments to income (loss) from continuing operations
—

 
(319
)
 
(168
)
 
 
 
 
 
 
Adjusted operating earnings before income taxes by segment:
 
 
 
 
 
Retirement
$
456

 
$
450

 
$
471

Investment Management
248

 
171

 
182

Individual Life
92

 
59

 
173

Employee Benefits
127

 
126

 
146

Corporate (1)
(395
)
 
(477
)
 
(328
)
Total
$
528

 
$
329

 
$
644
Schedule of Revenue from Segments
The summary below reconciles Adjusted operating revenues for the segments to Total revenues for the periods indicated:
 
Year Ended December 31,
 
2017
 
2016
 
2015
Total revenues
$
8,618

 
$
8,788

 
$
8,716

 
 
 
 
 
 
Adjustments:
 
 
 
 
 
Net realized investment gains (losses) and related charges and adjustments
(100
)
 
(112
)
 
(121
)
Gain (loss) on change in fair value of derivatives related to guaranteed benefits
52

 
9

 
(63
)
Revenues related to businesses exited through reinsurance or divestment
122

 
96

 
26

Revenues attributable to noncontrolling interest
286

 
133

 
414

Other adjustments
212

 
183

 
223

Total adjustments to revenues
572

 
309

 
479

 
 
 
 
 
 
Adjusted operating revenues by segment:
 
 
 
 
 
Retirement
$
2,538

 
$
3,257

 
$
2,994

Investment Management
731

 
627

 
622

Individual Life
2,563

 
2,528

 
2,617

Employee Benefits
1,767

 
1,616

 
1,507

Corporate(1)
447

 
451

 
497

Total
$
8,046

 
$
8,479

 
$
8,237

(1) Adjusted operating revenues for Corporate includes Net investment gains (losses) and Gains (losses) on change in fair value of derivatives related to guaranteed benefits associated with the Retained Business. These amounts are insignificant and do not distort the ability to make a meaningful evaluation of the trends of Corporate activities.

Other Segment Information

The Investment Management segment revenues include the following intersegment revenues, primarily consisting of asset-based management and administration fees for the periods indicated:
 
Year Ended December 31,
 
2017
 
2016
 
2015
Investment management intersegment revenues
$
118

 
$
114

 
$
110
Schedule of Assets from Segments
The summary below presents Total assets for the Company’s segments as of the dates indicated:
 
December 31, 2017
 
December 31, 2016
Retirement
$
111,476

 
$
100,104

Investment Management
626

 
513

Individual Life
27,301

 
26,851

Employee Benefits
2,657

 
2,549

Corporate
18,685

 
18,391

Total assets, before consolidation(1)
160,745

 
148,408

Consolidation of investment entities
2,735

 
3,468

Total assets, excluding assets held for sale
163,480

 
151,876

Assets held for sale
59,052

 
62,709

Total assets
$
222,532

 
$
214,585


(1) Total assets, before consolidation includes the Company's direct investments in CIEs prior to consolidation, which are accounted for using the equity method or fair value option.