XML 75 R65.htm IDEA: XBRL DOCUMENT v3.20.2
Fair Values of Assets and Liabilities (Financial Instruments not at FV) (Details) - USD ($)
$ in Millions
Sep. 30, 2020
Dec. 31, 2019
Financial Assets    
Mortgage loans, net $ 2,628 $ 2,655
Policy loans 849 867
Other investments 744 734
Other receivables 1,690 1,713
Financial Liabilities    
Short-term borrowings 200 201
Line of credit with Ameriprise Financial 0 50
Other liabilities 6,743 5,427
Separate account liabilities - investment contracts 81,348 82,425
Carrying value [Member]    
Financial Assets    
Mortgage loans, net 2,628 2,655
Policy loans 849 867
Other investments 482 410
Other receivables 1,449 1,514
Financial Liabilities    
Policyholder account balances, future policy benefits and claims 9,600 9,110
Short-term borrowings 200 201
Line of credit with Ameriprise Financial   50
Other liabilities 15 22
Separate account liabilities - investment contracts 323 340
Recurring basis [Member]    
Financial Assets    
Mortgage loans, net 2,749 2,707
Policy loans [1] 849 867
Other investments 471 410
Other receivables 1,734 1,648
Financial Liabilities    
Policyholder account balances, future policy benefits and claims 11,300 10,061
Short-term borrowings 200 201
Line of credit with Ameriprise Financial   50
Other liabilities 15 21
Separate account liabilities - investment contracts 323 340
Recurring basis [Member] | Level 2 [Member]    
Financial Assets    
Policy loans [1] 849 867
Other investments 402 376
Financial Liabilities    
Short-term borrowings 200 201
Separate account liabilities - investment contracts 323 340
Recurring basis [Member] | Level 3 [Member]    
Financial Assets    
Mortgage loans, net 2,749 2,707
Other investments 69 34
Other receivables 1,734 1,648
Financial Liabilities    
Policyholder account balances, future policy benefits and claims 11,300 10,061
Line of credit with Ameriprise Financial   50
Other liabilities $ 15 $ 21
[1] During the third quarter of 2020, management changed the fair value methodology for policy loans from estimating future expected cash flows and discounting the cash flows at a rate based on the U.S. Treasury curve to using the carrying value as an approximation of fair value as the policy loans are fully collateralized by the cash surrender value of the underlying policies. As a result, policy loans were reclassified from Level 3 to Level 2 in the valuation hierarchy. For comparability and consistency purposes, prior period amounts were revised to reflect the current methodology and classification.