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REVISION OF PRIOR PERIOD FINANCIAL STATEMENTS - Cash Flow Disclosures (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flow from operating activities:    
Net income (loss) [1] $ (828) $ (109)
Adjustments to reconcile Net income (loss) to Net cash provided by (used in) operating activities:    
Interest credited to policyholders’ account balances 269 255
Policy charges and fee income (859) (861)
Net derivative (gains) losses 1,555 815
Equity (income) loss from limited partnerships [2] (11) (39)
Changes in:    
Capitalization of deferred policy acquisition costs [2] (145) (135)
Future policy benefits 41 (198)
Current and deferred income taxes 54 80
Other, net (36) 12
Net cash provided by (used in) operating activities (148) (17)
Proceeds from the sale/maturity/prepayment of:    
Trading account securities 3,376 1,683
Real estate joint ventures 1 140
Short-term investments [2] 747 688
Payment for the purchase/origination of:    
Short-term investments [2] (681) (377)
Cash settlements related to derivative instruments (978) (503)
Other, net 97 (407)
Net cash provided by (used in) investing activities (694) (983)
Policyholders’ account balances:    
Deposits 2,271 1,898
Withdrawals (1,048) (1,081)
Transfers (to) from Separate Accounts 445 452
Net Cash Provided by (Used in) Financing Activities 1,142 1,380
Transfer of assets to reinsurer [1] (604)
(Settlement) issuance of long-term debt [1] (202)
Net (income) loss attributable to the noncontrolling interest $ 2 (1)
As Previously Reported    
Cash flow from operating activities:    
Net income (loss)   (40)
Adjustments to reconcile Net income (loss) to Net cash provided by (used in) operating activities:    
Interest credited to policyholders’ account balances   338
Policy charges and fee income   (869)
Net derivative (gains) losses   777
Amortization and depreciation   0
Amortization of deferred sales commission   7
Other depreciation and amortization   (23)
Amortization of other intangibles   8
Equity (income) loss from limited partnerships   0
Distributions from joint ventures and limited partnerships   25
Changes in:    
Reinsurance recoverable   2
Deferred policy acquisition costs   10
Capitalization of deferred policy acquisition costs   0
Future policy benefits   (191)
Current and deferred income taxes   (52)
Other, net   (122)
Net cash provided by (used in) operating activities   (21)
Proceeds from the sale/maturity/prepayment of:    
Trading account securities   1,606
Real estate joint ventures   0
Short-term investments   0
Other   54
Payment for the purchase/origination of:    
Short-term investments   0
Cash settlements related to derivative instruments   (14)
Change in short-term investments   396
Other, net   (560)
Net cash provided by (used in) investing activities   (639)
Policyholders’ account balances:    
Deposits   2,366
Withdrawals   (1,322)
Transfers (to) from Separate Accounts   (115)
Net Cash Provided by (Used in) Financing Activities   1,040
Transfer of assets to reinsurer   0
(Settlement) issuance of long-term debt   0
Presentation Reclassifications    
Cash flow from operating activities:    
Net income (loss)   0
Adjustments to reconcile Net income (loss) to Net cash provided by (used in) operating activities:    
Interest credited to policyholders’ account balances   0
Policy charges and fee income   0
Net derivative (gains) losses   0
Amortization and depreciation   137
Amortization of deferred sales commission   (7)
Other depreciation and amortization   23
Amortization of other intangibles   (8)
Equity (income) loss from limited partnerships   (39)
Distributions from joint ventures and limited partnerships   (25)
Changes in:    
Reinsurance recoverable   0
Deferred policy acquisition costs   (10)
Capitalization of deferred policy acquisition costs   (135)
Future policy benefits   0
Current and deferred income taxes   0
Other, net   64
Net cash provided by (used in) operating activities   0
Proceeds from the sale/maturity/prepayment of:    
Trading account securities   0
Real estate joint ventures   140
Short-term investments   688
Other   (140)
Payment for the purchase/origination of:    
Short-term investments   (377)
Cash settlements related to derivative instruments   0
Change in short-term investments   (311)
Other, net   0
Net cash provided by (used in) investing activities   0
Policyholders’ account balances:    
Deposits   0
Withdrawals   0
Transfers (to) from Separate Accounts   0
Net Cash Provided by (Used in) Financing Activities   0
Transfer of assets to reinsurer   0
(Settlement) issuance of long-term debt   0
Impact of Revisions    
Cash flow from operating activities:    
Net income (loss)   (69)
Adjustments to reconcile Net income (loss) to Net cash provided by (used in) operating activities:    
Interest credited to policyholders’ account balances   (83)
Policy charges and fee income   8
Net derivative (gains) losses   38
Amortization and depreciation   64
Amortization of deferred sales commission   0
Other depreciation and amortization   0
Amortization of other intangibles   0
Equity (income) loss from limited partnerships   0
Distributions from joint ventures and limited partnerships   0
Changes in:    
Reinsurance recoverable   (149)
Deferred policy acquisition costs   0
Capitalization of deferred policy acquisition costs   0
Future policy benefits   (7)
Current and deferred income taxes   132
Other, net   70
Net cash provided by (used in) operating activities   4
Proceeds from the sale/maturity/prepayment of:    
Trading account securities   77
Real estate joint ventures   0
Short-term investments   0
Other   0
Payment for the purchase/origination of:    
Short-term investments   0
Cash settlements related to derivative instruments   (489)
Change in short-term investments   (85)
Other, net   153
Net cash provided by (used in) investing activities   (344)
Policyholders’ account balances:    
Deposits   (468)
Withdrawals   241
Transfers (to) from Separate Accounts   567
Net Cash Provided by (Used in) Financing Activities   340
Transfer of assets to reinsurer   202
(Settlement) issuance of long-term debt   (604)
As Revised    
Cash flow from operating activities:    
Net income (loss)   (109)
Adjustments to reconcile Net income (loss) to Net cash provided by (used in) operating activities:    
Interest credited to policyholders’ account balances   255
Policy charges and fee income   (861)
Net derivative (gains) losses   815
Amortization and depreciation   201
Amortization of deferred sales commission   0
Other depreciation and amortization   0
Amortization of other intangibles   0
Equity (income) loss from limited partnerships   (39)
Distributions from joint ventures and limited partnerships   0
Changes in:    
Reinsurance recoverable   (147)
Deferred policy acquisition costs   0
Capitalization of deferred policy acquisition costs   (135)
Future policy benefits   (198)
Current and deferred income taxes   80
Other, net   12
Net cash provided by (used in) operating activities   (17)
Proceeds from the sale/maturity/prepayment of:    
Trading account securities   1,683
Real estate joint ventures   140
Short-term investments   688
Other   (86)
Payment for the purchase/origination of:    
Short-term investments   (377)
Cash settlements related to derivative instruments   (503)
Change in short-term investments   0
Other, net   (407)
Net cash provided by (used in) investing activities   (983)
Policyholders’ account balances:    
Deposits   1,898
Withdrawals   (1,081)
Transfers (to) from Separate Accounts   452
Net Cash Provided by (Used in) Financing Activities   1,380
Transfer of assets to reinsurer   202
(Settlement) issuance of long-term debt   (604)
Discontinued Operations | Alliance Bernstein    
Adjustments to reconcile Net income (loss) to Net cash provided by (used in) operating activities:    
Net derivative (gains) losses   (2)
Policyholders’ account balances:    
Net (income) loss attributable to the noncontrolling interest   $ 155
[1] Net income (loss) includes $155 million in the three months ended March 31, 2018 of the discontinued operations that are not included in Net income (loss) in the Consolidated Statements of Income (Loss).
[2] Prior period amounts have been reclassified to conform to the current period’s presentation. See Note 14 for further information.