XML 44 R33.htm IDEA: XBRL DOCUMENT v3.5.0.2
SIGNIFICANT ACCOUNTING POLICIES SIGNIFICANT ACCOUNTING POLICIES - ASSUMPTION UPDATES (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Dec. 31, 2014
Change in Accounting Estimate [Line Items]          
Amortization of deferred policy acquisition costs $ 72 $ 18 $ 203 $ 158  
Universal life and investment-type product policy fee income 915 924 1,816 1,810  
Policyholders’ benefits 1,276 619 2,426 1,542  
Increase (decrease) in the fair value of the reinsurance contract asset 1,104 (1,450) 2,741 (760)  
Net earnings (loss) 1,061 (1,025) 2,781 (171)  
Variable and Interest Sensitive Life          
Change in Accounting Estimate [Line Items]          
Net earnings (loss) (14)   (14)    
Mortality Assumption | Variable and Interest Sensitive Life          
Change in Accounting Estimate [Line Items]          
Amortization of deferred policy acquisition costs (70)   (70)    
Universal life and investment-type product policy fee income (16)   (16)    
General Account Spread Assumption | Variable and Interest Sensitive Life          
Change in Accounting Estimate [Line Items]          
Amortization of deferred policy acquisition costs 79   79    
Universal life and investment-type product policy fee income $ 4   $ 4    
RTM Assumptions Update          
Change in Accounting Estimate [Line Items]          
Amortization of deferred policy acquisition costs   $ (67)   $ (67)  
Mean (RTM) assumption   7.00%   7.00% 9.00%
Net earnings (loss)   $ (445)   $ (445)  
RTM Assumptions Update | Variable and Interest Sensitive Life          
Change in Accounting Estimate [Line Items]          
Policyholders’ benefits   29   29  
RTM Assumptions Update | Guaranteed Minimum Income Benefit          
Change in Accounting Estimate [Line Items]          
Policyholders’ benefits   723   723  
Long Term Lapse Assumption | Guaranteed Minimum Income Benefit          
Change in Accounting Estimate [Line Items]          
Amortization of deferred policy acquisition costs   (13)   (13)  
Policyholders’ benefits   65   65  
Increase (decrease) in the fair value of the reinsurance contract asset   216   216  
Net earnings (loss)   $ 107   107  
Future Reserve Assumptions          
Change in Accounting Estimate [Line Items]          
Net earnings (loss)       135  
Future Reserve Assumptions | Guaranteed Minimum Income Benefit          
Change in Accounting Estimate [Line Items]          
Policyholders’ benefits       (55)  
Increase (decrease) in the fair value of the reinsurance contract asset       $ (263)