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Condensed Consolidating Financial Information - Statements of Operations (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Net investment income $ 698 $ 658
Fee income 505 482
Premiums 608 575
Net realized capital gains (losses):    
Total impairments (20) (26)
Other net realized capital gains (losses) (213) 14
Total net realized capital gains (losses) (233) (12)
Other revenue 92 114
Income (loss) related to consolidated investment entities:    
Net investment income 15 5
Total revenues 1,685 1,822
Benefits and expenses:    
Policyholder benefits 596 645
Interest credited to contract owner account balances 286 289
Operating expenses 640 682
Net amortization of Deferred policy acquisition costs and Value of business acquired 76 57
Interest expense 40 42
Operating expenses related to consolidated investment entities:    
Interest expense 3 5
Total benefits and expenses 1,641 1,720
Income (loss) from continuing operations before income taxes 44 102
Income tax expense (benefit) (6) 9
Income (loss) from continuing operations 50 93
Income (loss) from discontinued operations, net of tax (128) (20)
Net income (loss) before equity in earnings (losses) of unconsolidated affiliates (78) 73
Equity in earnings (losses) of subsidiaries, net of tax 0 0
Net income (loss) (78) 73
Less: Net income (loss) attributable to noncontrolling interest 6 (1)
Net income (loss) available to Voya Financial, Inc. (84) 74
Less: Preferred stock dividends 14 10
Net income (loss) available to Voya Financial, Inc.'s common shareholders (98) 64
Consolidating Adjustments    
Revenues:    
Net investment income (3) (3)
Fee income 0 0
Premiums 0 0
Net realized capital gains (losses):    
Total impairments 0 0
Other net realized capital gains (losses) 0 0
Total net realized capital gains (losses) 0 0
Other revenue 0 0
Income (loss) related to consolidated investment entities:    
Net investment income 0 0
Total revenues (3) (3)
Benefits and expenses:    
Policyholder benefits 0 0
Interest credited to contract owner account balances 0 0
Operating expenses 0 0
Net amortization of Deferred policy acquisition costs and Value of business acquired 0 0
Interest expense (3) (3)
Operating expenses related to consolidated investment entities:    
Interest expense 0 0
Total benefits and expenses (3) (3)
Income (loss) from continuing operations before income taxes 0 0
Income tax expense (benefit) 0 0
Income (loss) from continuing operations 0 0
Income (loss) from discontinued operations, net of tax 0 0
Net income (loss) before equity in earnings (losses) of unconsolidated affiliates 0 0
Equity in earnings (losses) of subsidiaries, net of tax (100) (162)
Net income (loss) (100) (162)
Less: Net income (loss) attributable to noncontrolling interest 0 0
Net income (loss) available to Voya Financial, Inc. (100) (162)
Less: Preferred stock dividends 0 0
Net income (loss) available to Voya Financial, Inc.'s common shareholders (100) (162)
Parent Issuer    
Revenues:    
Net investment income 3 15
Fee income 0 0
Premiums 0 0
Net realized capital gains (losses):    
Total impairments 0 0
Other net realized capital gains (losses) (26) 0
Total net realized capital gains (losses) (26) 0
Other revenue 0 0
Income (loss) related to consolidated investment entities:    
Net investment income 0 0
Total revenues (23) 15
Benefits and expenses:    
Policyholder benefits 0 0
Interest credited to contract owner account balances 0 0
Operating expenses 4 3
Net amortization of Deferred policy acquisition costs and Value of business acquired 0 0
Interest expense 34 37
Operating expenses related to consolidated investment entities:    
Interest expense 0 0
Total benefits and expenses 38 40
Income (loss) from continuing operations before income taxes (61) (25)
Income tax expense (benefit) (13) (5)
Income (loss) from continuing operations (48) (20)
Income (loss) from discontinued operations, net of tax 0 0
Net income (loss) before equity in earnings (losses) of unconsolidated affiliates (48) (20)
Equity in earnings (losses) of subsidiaries, net of tax (36) 94
Net income (loss) (84) 74
Less: Net income (loss) attributable to noncontrolling interest 0 0
Net income (loss) available to Voya Financial, Inc. (84) 74
Less: Preferred stock dividends 14 10
Net income (loss) available to Voya Financial, Inc.'s common shareholders (98) 64
Subsidiary Guarantor    
Revenues:    
Net investment income 0 0
Fee income 0 0
Premiums 0 0
Net realized capital gains (losses):    
Total impairments 0 0
Other net realized capital gains (losses) 0 0
Total net realized capital gains (losses) 0 0
Other revenue 0 0
Income (loss) related to consolidated investment entities:    
Net investment income 0 0
Total revenues 0 0
Benefits and expenses:    
Policyholder benefits 0 0
Interest credited to contract owner account balances 0 0
Operating expenses 0 0
Net amortization of Deferred policy acquisition costs and Value of business acquired 0 0
Interest expense 7 6
Operating expenses related to consolidated investment entities:    
Interest expense 0 0
Total benefits and expenses 7 6
Income (loss) from continuing operations before income taxes (7) (6)
Income tax expense (benefit) (3) (1)
Income (loss) from continuing operations (4) (5)
Income (loss) from discontinued operations, net of tax 0 (79)
Net income (loss) before equity in earnings (losses) of unconsolidated affiliates (4) (84)
Equity in earnings (losses) of subsidiaries, net of tax 136 68
Net income (loss) 132 (16)
Less: Net income (loss) attributable to noncontrolling interest 0 0
Net income (loss) available to Voya Financial, Inc. 132 (16)
Less: Preferred stock dividends 0 0
Net income (loss) available to Voya Financial, Inc.'s common shareholders 132 (16)
Non-Guarantor Subsidiaries    
Revenues:    
Net investment income 698 646
Fee income 505 482
Premiums 608 575
Net realized capital gains (losses):    
Total impairments (20) (26)
Other net realized capital gains (losses) (187) 14
Total net realized capital gains (losses) (207) (12)
Other revenue 92 114
Income (loss) related to consolidated investment entities:    
Net investment income 15 5
Total revenues 1,711 1,810
Benefits and expenses:    
Policyholder benefits 596 645
Interest credited to contract owner account balances 286 289
Operating expenses 636 679
Net amortization of Deferred policy acquisition costs and Value of business acquired 76 57
Interest expense 2 2
Operating expenses related to consolidated investment entities:    
Interest expense 3 5
Total benefits and expenses 1,599 1,677
Income (loss) from continuing operations before income taxes 112 133
Income tax expense (benefit) 10 15
Income (loss) from continuing operations 102 118
Income (loss) from discontinued operations, net of tax (128) 59
Net income (loss) before equity in earnings (losses) of unconsolidated affiliates (26) 177
Equity in earnings (losses) of subsidiaries, net of tax 0 0
Net income (loss) (26) 177
Less: Net income (loss) attributable to noncontrolling interest 6 (1)
Net income (loss) available to Voya Financial, Inc. (32) 178
Less: Preferred stock dividends 0 0
Net income (loss) available to Voya Financial, Inc.'s common shareholders $ (32) $ 178