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Financing Receivables (Tables)
6 Months Ended
Jun. 30, 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 six months ended June 30:
 Commercial Loans
(in millions)
Balance, December 31, 2019 (1)
$20  
Cumulative effect of adoption of current expected credit losses guidance3  
Balance, January 1, 2020
23  
Provisions11  
Balance, June 30, 2020
$34  
(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  
Charge-offs—  
Balance, June 30, 2019
$20  
Schedule of Commercial Mortgage Loans by Year of Origination and Loan-to-Value Ratio [Table Text Block]
The table below presents the amortized cost basis of commercial mortgage loans as of June 30, 2020 by year of origination and loan-to-value ratio:
Loan-to-Value Ratio20202019201820172016PriorTotal
(in millions)
> 100%$—  $—  $3  $—  $—  $10  $13  
80% - 100%15  5  9  3  5  21  58  
60% - 80%66  172  27  29  56  155  505  
40% - 60%13  44  75  154  108  587  981  
< 40%6  22  70  87  59  891  1,135  
Total$100  $243  $184  $273  $228  $1,664  $2,692  
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:
 LoansPercentage
June 30, 2020December 31, 2019June 30, 2020December 31, 2019
(in millions)  
South Atlantic$711  $705  26 %26 %
Pacific797  792  30  30  
Mountain235  237  9  9  
West North Central203  207  8  8  
East North Central242  232  9  9  
Middle Atlantic175  167  6  6  
West South Central165  169  6  6  
New England48  47  2  2  
East South Central116  116  4  4  
 2,692  2,672  100 %100 %
Less: allowance for credit losses27  17    
Total$2,665  $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:
 LoansPercentage
June 30, 2020December 31, 2019June 30, 2020December 31, 2019
(in millions)  
Retail$874  $891  32 %33 %
Office387  404  14  15  
Apartments688  660  26  25  
Industrial412  404  15  15  
Mixed use77  66  3  3  
Hotel50  51  2  2  
Other204  196  8  7  
 2,692  2,672  100 %100 %
Less: allowance for credit losses27  17    
Total$2,665  $2,655    
Schedule of Syndicated Loans by Origination Year and Internal Risk Rating [Table Text Block]
The table below presents the amortized cost basis of syndicated loans as of June 30, 2020 by origination year and internal risk rating:
Internal Risk Rating20202019201820172016PriorTotal
(in millions)
Risk 5$—  $—  $1  $—  $—  $—  $1  
Risk 4—  6  3  7  1  5  22  
Risk 33  6  8  19  8  14  58  
Risk 28  31  40  38  15  42  174  
Risk 17  19  36  43  13  28  146  
Total$18  $62  $88  $107  $37  $89  $401