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Condensed Consolidating Financial Information - Statements of Operations (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Net investment income $ 586 $ 712 $ 1,284 $ 1,370
Fee income 458 483 963 965
Premiums 607 577 1,215 1,152
Net realized capital gains (losses):        
Total impairments (50) (3) (70) (29)
Other net realized capital gains (losses) 49 28 (164) 42
Total net realized capital gains (losses) (1) 25 (234) 13
Other revenue 81 105 173 219
Income (loss) related to consolidated investment entities:        
Net investment income (68) 67 (53) 72
Total revenues 1,663 1,969 3,348 3,791
Benefits and expenses:        
Policyholder benefits 711 659 1,307 1,304
Interest credited to contract owner account balances 286 292 572 581
Operating expenses 643 670 1,283 1,352
Net amortization of Deferred policy acquisition costs and Value of business acquired 19 43 95 100
Interest expense 40 42 80 84
Operating expenses related to consolidated investment entities:        
Interest expense 10 16 13 21
Other expense 2 4 2 4
Total benefits and expenses 1,711 1,726 3,352 3,446
Income (loss) from continuing operations before income taxes (48) 243 (4) 345
Income tax expense (benefit) 5 33 (1) 42
Income (loss) from continuing operations (53) 210 (3) 303
Income (loss) from discontinued operations, net of tax (93) 42 (221) 22
Net income (loss) before equity in earnings (losses) of unconsolidated affiliates (146) 252 (224) 325
Equity in earnings (losses) of subsidiaries, net of tax 0 0 0 0
Net income (loss) (146) 252 (224) 325
Less: Net income (loss) attributable to noncontrolling interest (79) 26 (73) 25
Net income (loss) available to Voya Financial, Inc. (67) 226 (151) 300
Less: Preferred stock dividends 4 0 18 10
Net income (loss) available to Voya Financial, Inc.'s common shareholders (71) 226 (169) 290
Consolidating Adjustments        
Revenues:        
Net investment income (3) (4) (6) (7)
Fee income 0 0 0 0
Premiums 0 0 0 0
Net realized capital gains (losses):        
Total impairments 0 0 0 0
Other net realized capital gains (losses) 0 0 0 0
Total net realized capital gains (losses) 0 0 0 0
Other revenue 0 0 0 0
Income (loss) related to consolidated investment entities:        
Net investment income 0 0 0 0
Total revenues (3) (4) (6) (7)
Benefits and expenses:        
Policyholder benefits 0 0 0 0
Interest credited to contract owner account balances 0 0 0 0
Operating expenses 0 0 0 0
Net amortization of Deferred policy acquisition costs and Value of business acquired 0 0 0 0
Interest expense (3) (4) (6) (7)
Operating expenses related to consolidated investment entities:        
Interest expense 0 0 0 0
Other expense 0 0 0 0
Total benefits and expenses (3) (4) (6) (7)
Income (loss) from continuing operations before income taxes 0 0 0 0
Income tax expense (benefit) 0 0 0 0
Income (loss) from continuing operations 0 0 0 0
Income (loss) from discontinued operations, net of tax 0 0 0 0
Net income (loss) before equity in earnings (losses) of unconsolidated affiliates 0 0 0 0
Equity in earnings (losses) of subsidiaries, net of tax 87 (403) (13) (565)
Net income (loss) 87 (403) (13) (565)
Less: Net income (loss) attributable to noncontrolling interest 0 0 0 0
Net income (loss) available to Voya Financial, Inc. 87 (403) (13) (565)
Less: Preferred stock dividends 0 0 0 0
Net income (loss) available to Voya Financial, Inc.'s common shareholders 87 (403) (13) (565)
Parent Issuer        
Revenues:        
Net investment income 2 8 5 23
Fee income 0 0 0 0
Premiums 0 0 0 0
Net realized capital gains (losses):        
Total impairments 0 0 0 0
Other net realized capital gains (losses) 21 0 (5) 0
Total net realized capital gains (losses) 21 0 (5) 0
Other revenue 0 0 0 0
Income (loss) related to consolidated investment entities:        
Net investment income 0 0 0 0
Total revenues 23 8 0 23
Benefits and expenses:        
Policyholder benefits 0 0 0 0
Interest credited to contract owner account balances 0 0 0 0
Operating expenses (2) 3 2 6
Net amortization of Deferred policy acquisition costs and Value of business acquired 0 0 0 0
Interest expense 34 35 68 72
Operating expenses related to consolidated investment entities:        
Interest expense 0 0 0 0
Other expense 0 0 0 0
Total benefits and expenses 32 38 70 78
Income (loss) from continuing operations before income taxes (9) (30) (70) (55)
Income tax expense (benefit) (2) (6) (15) (11)
Income (loss) from continuing operations (7) (24) (55) (44)
Income (loss) from discontinued operations, net of tax 0 0 0 0
Net income (loss) before equity in earnings (losses) of unconsolidated affiliates (7) (24) (55) (44)
Equity in earnings (losses) of subsidiaries, net of tax (60) 250 (96) 344
Net income (loss) (67) 226 (151) 300
Less: Net income (loss) attributable to noncontrolling interest 0 0 0 0
Net income (loss) available to Voya Financial, Inc. (67) 226 (151) 300
Less: Preferred stock dividends 4 0 18 10
Net income (loss) available to Voya Financial, Inc.'s common shareholders (71) 226 (169) 290
Subsidiary Guarantor        
Revenues:        
Net investment income 0 0 0 0
Fee income 0 0 0 0
Premiums 0 0 0 0
Net realized capital gains (losses):        
Total impairments 0 0 0 0
Other net realized capital gains (losses) 0 0 0 0
Total net realized capital gains (losses) 0 0 0 0
Other revenue 0 0 0 0
Income (loss) related to consolidated investment entities:        
Net investment income 0 0 0 0
Total revenues 0 0 0 0
Benefits and expenses:        
Policyholder benefits 0 0 0 0
Interest credited to contract owner account balances 0 0 0 0
Operating expenses 0 0 0 0
Net amortization of Deferred policy acquisition costs and Value of business acquired 0 0 0 0
Interest expense 8 8 15 14
Operating expenses related to consolidated investment entities:        
Interest expense 0 0 0 0
Other expense 0 0 0 0
Total benefits and expenses 8 8 15 14
Income (loss) from continuing operations before income taxes (8) (8) (15) (14)
Income tax expense (benefit) (2) (1) (5) (2)
Income (loss) from continuing operations (6) (7) (10) (12)
Income (loss) from discontinued operations, net of tax 0 (3) 0 (82)
Net income (loss) before equity in earnings (losses) of unconsolidated affiliates (6) (10) (10) (94)
Equity in earnings (losses) of subsidiaries, net of tax (27) 153 109 221
Net income (loss) (33) 143 99 127
Less: Net income (loss) attributable to noncontrolling interest 0 0 0 0
Net income (loss) available to Voya Financial, Inc. (33) 143 99 127
Less: Preferred stock dividends 0 0 0 0
Net income (loss) available to Voya Financial, Inc.'s common shareholders (33) 143 99 127
Non-Guarantor Subsidiaries        
Revenues:        
Net investment income 587 708 1,285 1,354
Fee income 458 483 963 965
Premiums 607 577 1,215 1,152
Net realized capital gains (losses):        
Total impairments (50) (3) (70) (29)
Other net realized capital gains (losses) 28 28 (159) 42
Total net realized capital gains (losses) (22) 25 (229) 13
Other revenue 81 105 173 219
Income (loss) related to consolidated investment entities:        
Net investment income (68) 67 (53) 72
Total revenues 1,643 1,965 3,354 3,775
Benefits and expenses:        
Policyholder benefits 711 659 1,307 1,304
Interest credited to contract owner account balances 286 292 572 581
Operating expenses 645 667 1,281 1,346
Net amortization of Deferred policy acquisition costs and Value of business acquired 19 43 95 100
Interest expense 1 3 3 5
Operating expenses related to consolidated investment entities:        
Interest expense 10 16 13 21
Other expense 2 4 2 4
Total benefits and expenses 1,674 1,684 3,273 3,361
Income (loss) from continuing operations before income taxes (31) 281 81 414
Income tax expense (benefit) 9 40 19 55
Income (loss) from continuing operations (40) 241 62 359
Income (loss) from discontinued operations, net of tax (93) 45 (221) 104
Net income (loss) before equity in earnings (losses) of unconsolidated affiliates (133) 286 (159) 463
Equity in earnings (losses) of subsidiaries, net of tax 0 0 0 0
Net income (loss) (133) 286 (159) 463
Less: Net income (loss) attributable to noncontrolling interest (79) 26 (73) 25
Net income (loss) available to Voya Financial, Inc. (54) 260 (86) 438
Less: Preferred stock dividends 0 0 0 0
Net income (loss) available to Voya Financial, Inc.'s common shareholders $ (54) $ 260 $ (86) $ 438