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Condensed Consolidating Financial Information - Statements of Operations (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Net investment income $ 800 $ 687 $ 2,084 $ 2,057
Fee income 507 494 1,470 1,459
Premiums 604 565 1,819 1,717
Net realized capital gains (losses):        
Total impairments (10) (3) (80) (32)
Other net realized capital gains (losses) (60) (17) (224) 25
Total net realized capital gains (losses) (70) (20) (304) (7)
Other revenue 90 106 263 325
Income (loss) related to consolidated investment entities:        
Net investment income 140 43 87 115
Total revenues 2,071 1,875 5,419 5,666
Benefits and expenses:        
Policyholder benefits 1,020 705 2,327 2,009
Interest credited to contract owner account balances 279 298 851 879
Operating expenses 630 627 1,913 1,979
Net amortization of Deferred policy acquisition costs and Value of business acquired 241 36 336 136
Interest expense 40 51 120 135
Operating expenses related to consolidated investment entities:        
Interest expense 5 8 18 29
Other expense 1 1 3 5
Total benefits and expenses 2,216 1,726 5,568 5,172
Income (loss) from continuing operations before income taxes (145) 149 (149) 494
Income tax expense (benefit) (72) 5 (73) 47
Income (loss) from continuing operations (73) 144 (76) 447
Income (loss) from discontinued operations, net of tax (140) (4) (361) 18
Net income (loss) before equity in earnings (losses) of unconsolidated affiliates (213) 140 (437) 465
Equity in earnings (losses) of subsidiaries, net of tax 0 0 0 0
Net income (loss) (213) 140 (437) 465
Less: Net income (loss) attributable to noncontrolling interest 106 19 33 44
Net income (loss) available to Voya Financial, Inc. (319) 121 (470) 421
Less: Preferred stock dividends 14 14 32 24
Net income (loss) available to Voya Financial, Inc.'s common shareholders (333) 107 (502) 397
Consolidating Adjustments        
Revenues:        
Net investment income (2) (2) (8) (9)
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 (2) (2) (8) (9)
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 (2) (2) (8) (9)
Operating expenses related to consolidated investment entities:        
Interest expense 0 0 0 0
Other expense 0 0 0 0
Total benefits and expenses (2) (2) (8) (9)
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 503 (270) 490 (835)
Net income (loss) 503 (270) 490 (835)
Less: Net income (loss) attributable to noncontrolling interest 0 0 0 0
Net income (loss) available to Voya Financial, Inc. 503 (270) 490 (835)
Less: Preferred stock dividends 0 0 0 0
Net income (loss) available to Voya Financial, Inc.'s common shareholders 503 (270) 490 (835)
Parent Issuer        
Revenues:        
Net investment income 2 4 7 27
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) 8 0 3 0
Total net realized capital gains (losses) 8 0 3 0
Other revenue 0 0 0 0
Income (loss) related to consolidated investment entities:        
Net investment income 0 0 0 0
Total revenues 10 4 10 27
Benefits and expenses:        
Policyholder benefits 0 0 0 0
Interest credited to contract owner account balances 0 0 0 0
Operating expenses 3 4 5 10
Net amortization of Deferred policy acquisition costs and Value of business acquired 0 0 0 0
Interest expense 33 44 101 116
Operating expenses related to consolidated investment entities:        
Interest expense 0 0 0 0
Other expense 0 0 0 0
Total benefits and expenses 36 48 106 126
Income (loss) from continuing operations before income taxes (26) (44) (96) (99)
Income tax expense (benefit) (5) (13) (20) (24)
Income (loss) from continuing operations (21) (31) (76) (75)
Income (loss) from discontinued operations, net of tax 0 0 0 0
Net income (loss) before equity in earnings (losses) of unconsolidated affiliates (21) (31) (76) (75)
Equity in earnings (losses) of subsidiaries, net of tax (298) 151 (394) 495
Net income (loss) (319) 120 (470) 420
Less: Net income (loss) attributable to noncontrolling interest 0 0 0 0
Net income (loss) available to Voya Financial, Inc. (319) 120 (470) 420
Less: Preferred stock dividends 14 14 32 24
Net income (loss) available to Voya Financial, Inc.'s common shareholders (333) 106 (502) 396
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 7 9 22 23
Operating expenses related to consolidated investment entities:        
Interest expense 0 0 0 0
Other expense 0 0 0 0
Total benefits and expenses 7 9 22 23
Income (loss) from continuing operations before income taxes (7) (9) (22) (23)
Income tax expense (benefit) (5) (6) (10) (8)
Income (loss) from continuing operations (2) (3) (12) (15)
Income (loss) from discontinued operations, net of tax 0 0 0 (82)
Net income (loss) before equity in earnings (losses) of unconsolidated affiliates (2) (3) (12) (97)
Equity in earnings (losses) of subsidiaries, net of tax (205) 119 (96) 340
Net income (loss) (207) 116 (108) 243
Less: Net income (loss) attributable to noncontrolling interest 0 0 0 0
Net income (loss) available to Voya Financial, Inc. (207) 116 (108) 243
Less: Preferred stock dividends 0 0 0 0
Net income (loss) available to Voya Financial, Inc.'s common shareholders (207) 116 (108) 243
Non-Guarantor Subsidiaries        
Revenues:        
Net investment income 800 685 2,085 2,039
Fee income 507 494 1,470 1,459
Premiums 604 565 1,819 1,717
Net realized capital gains (losses):        
Total impairments (10) (3) (80) (32)
Other net realized capital gains (losses) (68) (17) (227) 25
Total net realized capital gains (losses) (78) (20) (307) (7)
Other revenue 90 106 263 325
Income (loss) related to consolidated investment entities:        
Net investment income 140 43 87 115
Total revenues 2,063 1,873 5,417 5,648
Benefits and expenses:        
Policyholder benefits 1,020 705 2,327 2,009
Interest credited to contract owner account balances 279 298 851 879
Operating expenses 627 623 1,908 1,969
Net amortization of Deferred policy acquisition costs and Value of business acquired 241 36 336 136
Interest expense 2 0 5 5
Operating expenses related to consolidated investment entities:        
Interest expense 5 8 18 29
Other expense 1 1 3 5
Total benefits and expenses 2,175 1,671 5,448 5,032
Income (loss) from continuing operations before income taxes (112) 202 (31) 616
Income tax expense (benefit) (62) 24 (43) 79
Income (loss) from continuing operations (50) 178 12 537
Income (loss) from discontinued operations, net of tax (140) (4) (361) 100
Net income (loss) before equity in earnings (losses) of unconsolidated affiliates (190) 174 (349) 637
Equity in earnings (losses) of subsidiaries, net of tax 0 0 0 0
Net income (loss) (190) 174 (349) 637
Less: Net income (loss) attributable to noncontrolling interest 106 19 33 44
Net income (loss) available to Voya Financial, Inc. (296) 155 (382) 593
Less: Preferred stock dividends 0 0 0 0
Net income (loss) available to Voya Financial, Inc.'s common shareholders $ (296) $ 155 $ (382) $ 593