Financing Receivables (Tables)

3 Months Ended

Mar. 31, 2020

Receivables [Abstract]

Rollforward of the Allowance for Loan Losses [Table Text Block]

The following tables present a rollforward of the allowance for credit losses for the three months ended March 31:

	Commercial Loans
	(in millions)
Balance, December 31, 2019 (1)	$	20
Cumulative effect of adoption of current expected credit losses guidance	3
Balance, January 1, 2020	23
Provisions	9
Balance, March 31, 2020	$	32

⁽¹⁾ Prior to January 1, 2020, the allowance for credit losses was based on an incurred loss model that did not require estimating expected credit losses over the expected life of the asset.

	Commercial Loans
	(in millions)
Balance, January 1, 2019	$	20
Write-offs	—
Balance, March 31, 2019	$	20

Schedule of Commercial Mortgage Loans by Year of Origination and Loan-to-Value Ratio [Table Text Block]

The table below presents the amortized cost basis of commercial mortgage loans as of March 31, 2020 by year of origination and loan-to-value ratio:

Loan-to-Value Ratio	2020		2019		2018		2017		2016		Prior		Total
	(in millions)
> 100%	$	—	$	—	$	—	$	—	$	1	$	11	$	12
80% - 100%	12		16		6		4		14		13		65
60% - 80%	29		168		85		41		61		122		506
40% - 60%	8		39		46		148		85		683		1,009
< 40%	5		22		48		82		69		860		1,086
Total	$	54	$	245	$	185	$	275	$	230	$	1,689	$	2,678

Schedule of Commercial Mortgage Loans by Geographic Region [Table Text Block]

Concentrations of credit risk of commercial mortgage loans by U.S. region were as follows:

	Loans				Percentage
	March 31, 2020		December 31, 2019		March 31, 2020		December 31, 2019
	(in millions)
South Atlantic	$	712	$	705	27	%	26	%
Pacific	800		792		30		30
Mountain	234		237		9		9
West North Central	204		207		8		8
East North Central	228		232		8		9
Middle Atlantic	169		167		6		6
West South Central	167		169		6		6
New England	49		47		2		2
East South Central	115		116		4		4
	2,678		2,672		100	%	100	%
Less: allowance for credit losses	25		17
Total	$	2,653	$	2,655

Schedule of Commercial Mortgage Loans by Property Type [Table Text Block]

Concentrations of credit risk of commercial mortgage loans by property type were as follows:

	Loans				Percentage
	March 31, 2020		December 31, 2019		March 31, 2020		December 31, 2019
	(in millions)
Retail	$	879	$	891	33	%	33	%
Office	392		404		14		15
Apartments	673		660		25		25
Industrial	402		404		15		15
Mixed use	78		66		3		3
Hotel	50		51		2		2
Other	204		196		8		7
	2,678		2,672		100	%	100	%
Less: allowance for credit losses	25		17
Total	$	2,653	$	2,655

Schedule of Syndicated Loans by Origination Year and Internal Risk Rating [Table Text Block]

The table below presents the amortized cost basis of syndicated loans as of March 31, 2020 by origination year and internal risk rating:

Internal Risk Rating	2020		2019		2018		2017		2016		Prior		Total
	(in millions)
Risk 5	$	—	$	—	$	—	$	—	$	—	$	—	$	—
Risk 4	—		10		4		5		1		5		25
Risk 3	—		3		10		23		8		14		58
Risk 2	8		29		42		42		17		42		180
Risk 1	7		19		36		42		13		26		143
Total	$	15	$	61	$	92	$	112	$	39	$	87	$	406