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Deferred Policy Acquisition Costs Level 1 (Notes)
 12 Months Ended
Dec. 31, 2020
Deferred Policy Acquisition Costs and Present Value of Future Profits [Abstract]  
Deferred Policy Acquisition Costs [Text Block]
Changes in the DAC Balance [1]
Successor CompanyPredecessor Company
For the Years Ended December 31,June 1, 2018 to December 31, 2018January 1, 2018 to May 31, 2018
20202019
Balance, beginning of period$— $— $— $405 
Deferred costs— — — 1 
Amortization — DAC— — — (13)
Amortization — Unlock benefit (charge), pre-tax— — — (3)
Adjustments to unrealized gains and losses on securities AFS and other— — — 31 
Balance, end of period$— $— $— $421 
[1]    Effective with the application of pushdown accounting on May 31, 2018, the Company eliminated its DAC balance through a pushdown accounting adjustment. Please see Note 1, Basis of Presentation and Significant Accounting Policies of Notes to Consolidated Financial Statements for further discussion of pushdown accounting.
Changes in the VOBA Balance [1]
Successor CompanyPredecessor Company
For the Years Ended December 31,June 1, 2018 to December 31, 2018January 1, 2018 to May 31, 2018
20202019
Balance, beginning of period$696 $716 $805 $— 
Amortization — VOBA [2]14 25 (80)— 
Amortization — Unlock benefit (charge), pre-tax(64)— (19)— 
Adjustments to unrealized gains and losses on securities AFS and other(60)(45)10 — 
Balance, end of period$586 $696 $716 $— 
[1]    Effective with the application of pushdown accounting on May 31, 2018, the Company established its VOBA balance through a pushdown accounting adjustment. For further discussion of pushdown accounting, please see Note 1, Basis of Presentation and Significant Accounting Policies of Notes to Consolidated Financial Statements.
[2] Negative gross profits due to hedge losses resulted in a write-up of VOBA.
Expected Amortization of VOBA
Successor Company
YearsExpected Amortization
2021$(10)
2022$18 
2023$22 
2024$25 
2025$31