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REVISION OF PRIOR PERIOD FINANCIAL STATEMENTS - CASH FLOW DISCLOSURES (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Jun. 30, 2018
Mar. 31, 2018
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Jun. 30, 2018
Jun. 30, 2017
Sep. 30, 2017
Dec. 31, 2017
Dec. 31, 2016
Cash flow from operating activities:                    
Net income (loss) $ (1,958) $ (133) $ 121 $ 1,613 $ (54) $ (2,091) $ 1,559 $ 1,679    
Policy charges and fee income (904)   (907) (846) (852) (1,773) (1,698) (2,605)    
Interest credited to policyholders’ account balances 240 255 197 208 239 495 448 681 $ 921 $ 905
Net derivative (gains) losses $ 312 860 454 (1,763) 402 1,172 (1,362) (944) (771) 1,335
Changes in:                    
Deferred policy acquisition costs   58     29 89 (20) (32)    
Future policy benefits         241 396 1,303 1,208    
Reinsurance recoverable         (23) 15 (194)      
Current and deferred income taxes   (77)     (188) (645) 204      
Other, net   (52)     151 416 84      
Net cash provided by (used in) operating activities   (21)     18 $ 1,190 (75) 994 1,077 (461)
As Previously Reported                    
Cash flow from operating activities:                    
Net income (loss)   (40) 66 1,459 (313)   1,146 1,677    
Policy charges and fee income     (914) (865) (896)   (1,761) (2,626)    
Interest credited to policyholders’ account balances   338 350 321 337   658 1,008 1,040 1,029
Net derivative (gains) losses   777 318 (1,693) 724   (969) (1,376) (890) 1,211
Changes in:                    
Deferred policy acquisition costs   10     125   43 15    
Future policy benefits         185   1,381 1,289    
Reinsurance recoverable         (44)   (251)      
Current and deferred income taxes   (52)     (327)   (16)      
Other, net   (122)     154   93      
Net cash provided by (used in) operating activities   (21)     18   (75) 994 1,077 (461)
Impact of Revisions                    
Cash flow from operating activities:                    
Net income (loss)   (93) 55 (61) 50   (11) 2    
Policy charges and fee income     7 (49) (23)   (72) 21    
Interest credited to policyholders’ account balances   (83) (153) (113) (98)   (210) (327) (119) (124)
Net derivative (gains) losses   83 $ 136 196 137   332 432 119 124
Changes in:                    
Deferred policy acquisition costs   48     (97)   (66) (47)    
Future policy benefits         (13)   (13) (81)    
Reinsurance recoverable         21   57      
Current and deferred income taxes   (25)     26   (8)      
Other, net   70     (3)   (9)      
Net cash provided by (used in) operating activities   $ 0     0   0 $ 0 $ 0 $ 0
As Revised and Adjusted Herein                    
Cash flow from operating activities:                    
Net income (loss)       1,398 (263)   1,135      
Policy charges and fee income       (914) (919)   (1,833)      
Interest credited to policyholders’ account balances       208 239   448      
Net derivative (gains) losses       (1,497) 861   (637)      
Changes in:                    
Deferred policy acquisition costs         28   (23)      
Future policy benefits         172   1,368      
Reinsurance recoverable         (23)   (194)      
Current and deferred income taxes         (301)   (24)      
Other, net         151   84      
Net cash provided by (used in) operating activities         18   (75)      
Impact of Accounting Change                    
Cash flow from operating activities:                    
Net income (loss)       215 209   424      
Policy charges and fee income       68 67   135      
Interest credited to policyholders’ account balances       0 0   0      
Net derivative (gains) losses       $ (266) (459)   (725)      
Changes in:                    
Deferred policy acquisition costs         1   3      
Future policy benefits         69   (65)      
Reinsurance recoverable         0   0      
Current and deferred income taxes         113   228      
Other, net         0   0      
Net cash provided by (used in) operating activities         $ 0   $ 0