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BUSINESS SEGMENT AND FOREIGN INFORMATION - Operations by Segment - Pretax Earnings (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]                      
Pretax adjusted earnings [1]                 $ 4,416 $ 4,461 $ 4,354
Net investment gains (losses) [2],[3],[4],[5],[6]                 (229) (15) (297)
Other income (loss)                 (28) (1) (74)
Earnings before income taxes $ 1,216 $ 1,153 $ 1,070 $ 720 $ 1,058 $ 1,036 $ 1,109 $ 1,242 4,159 4,445 3,983
Income taxes applicable to pretax adjusted earnings                 864 1,147 1,129
Effect of foreign currency translation on after tax adjusted earnings                 31 15 28
Interest expense on debt                 167 135 122
Aflac Japan                      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]                      
Pretax adjusted earnings [3],[6]                 3,263 3,261 3,208
Hedge costs                 206 257 236
Net interest cash flows from derivatives                 9 (17)  
Aflac U.S.                      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]                      
Pretax adjusted earnings [5]                 1,268 1,272 1,285
Net interest cash flows from derivatives                 3    
Corporate and other                      
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]                      
Pretax adjusted earnings [2],[4]                 (115) (72) (139)
Hedge income                 97 89 36
Gain (loss) on change in fair value of derivative, interest rate component                 $ 56 $ 66 $ 67
[1] Includes $167, $135 and $122 of interest expense on debt in 2020, 2019 and 2018, respectively.
[2] A gain of $56, $66 and $67 in 2020, 2019 and 2018, respectively, related to the interest rate component of the change in fair value of foreign currency swaps on notes payable have been reclassified from net investment gains (losses) and included in adjusted earnings when analyzing operations.
[3] Amortized hedge costs of $206, $257 and $236 in 2020, 2019 and 2018, respectively, related to certain foreign currency exposure management strategies have been reclassified from net investment gains (losses) and reported as a deduction from net investment income when analyzing operations.
[4] Amortized hedge income of $97, $89 and $36 in 2020, 2019 and 2018, respectively, related to certain foreign currency exposure management strategies has been reclassified from net investment gains (losses) and reported as an increase to net investment income when analyzing operations.
[5] Net interest cash flows from derivatives associated with certain investment strategies of $3 in 2020 have been reclassified from net investment gains (losses) and included in adjusted earnings as a component of net investment income.
[6] Net interest cash flows from derivatives associated with certain investment strategies of $9 and $(17) in 2020 and 2019, respectively, and an immaterial amount in 2018, have been reclassified from net investment gains (losses) and included in adjusted earnings as a component of net investment income.