XML 106 R58.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Segments (Tables)
 12 Months Ended
Dec. 31, 2019
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,
 
2019
 
2018
 
2017
Income (loss) from continuing operations before income taxes
$
560

 
$
528

 
$
385

Less Adjustments:
 
 
 
 
 
Net investment gains (losses) and related charges and adjustments
25

 
(124
)
 
(112
)
Net guaranteed benefit hedging gains (losses) and related charges and adjustments
(14
)
 
62

 
46

Income (loss) related to businesses exited or to be exited through reinsurance or divestment
98

 
(40
)
 
59

Income (loss) attributable to noncontrolling interest
50

 
145

 
217

Income (loss) related to early extinguishment of debt
(12
)
 
(40
)
 
(4
)
Immediate recognition of net actuarial gains (losses) related to pension and other postretirement benefit obligations and gains (losses) from plan amendments and curtailments
3

 
(47
)
 
(16
)
Dividend payments made to preferred shareholders
28

 
—

 
—

Other adjustments
(209
)
 
(79
)
 
(97
)
Total adjustments to income (loss) from continuing operations
(31
)
 
(123
)
 
93

 
 
 
 
 
 
Adjusted operating earnings before income taxes by segment:
 
 
 
 
 
Retirement
$
588

 
$
701

 
$
456

Investment Management
180

 
205

 
248

Employee Benefits
199

 
160

 
127

Corporate
(376
)
 
(415
)
 
(539
)
Total
$
591

 
$
651

 
$
292
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,
 
2019
 
2018
 
2017
Total revenues
$
7,476

 
$
7,163

 
$
7,229

 
 
 
 
 
 
Adjustments:
 
 
 
 
 
Net realized investment gains (losses) and related charges and adjustments
18

 
(148
)
 
(132
)
Gain (loss) on change in fair value of derivatives related to guaranteed benefits
(13
)
 
63

 
46

Revenues related to businesses exited or to be exited through reinsurance or divestment
1,531

 
1,446

 
1,618

Revenues attributable to noncontrolling interest
109

 
214

 
321

Other adjustments
321

 
238

 
193

Total adjustments to revenues
1,966

 
1,813

 
2,046

 
 
 
 
 
 
Adjusted operating revenues by segment:
 
 
 
 
 
Retirement
$
2,712

 
$
2,727

 
$
2,538

Investment Management
675

 
683

 
731

Employee Benefits
2,026

 
1,849

 
1,767

Corporate
97

 
91

 
147

Total
$
5,510

 
$
5,350

 
$
5,183

 
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,
 
2019
 
2018
 
2017
Investment management intersegment revenues
$
104

 
$
101

 
$
103
Schedule of Assets from Segments
The summary below presents Total assets for the Company’s segments as of the dates indicated:
 
December 31, 2019
 
December 31, 2018
Retirement
$
118,024

 
$
104,995

Investment Management
745

 
690

Employee Benefits
3,117

 
2,560

Corporate
25,206

 
25,185

Total assets, before consolidation(1)
147,092

 
133,430

Consolidation of investment entities
1,890

 
1,955

Total assets, excluding assets held for sale
148,982

 
135,385

Assets held for sale
20,069

 
20,045

Total assets
$
169,051

 
$
155,430


(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.