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DERIVATIVE INSTRUMENTS - Schedule of Interest Rate Fair Value Hedges Hedged Items (Details) - Fixed maturity securities - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosures [Line Items]    
Carrying Amount of Hedged Assets/ (Liabilities) [1] $ 3,038 $ 4,331
Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of Hedged Assets/ (Liabilities) $ 205 $ 237
[1] The balance includes hedging adjustment on discontinued hedging relationships of $205 in 2021 and $237 in 2020.