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FAIR VALUE DISCLOSURES - Fair Value Measurement Reconciliation For All Levels (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Total gains (losses), realized and unrealized, included in:        
Investment gains (losses), net     $ 262 $ 181
Transfers into level 3     189 14
Transfers out of Level 3     (103) (104)
Corporate        
Total gains (losses), realized and unrealized, included in:        
Investment gains (losses), net     0 0
Other comprehensive income (loss)     (37) 3
States and political subdivisions        
Total gains (losses), realized and unrealized, included in:        
Investment gains (losses), net     0 0
Other comprehensive income (loss)     2 3
Asset- backed        
Total gains (losses), realized and unrealized, included in:        
Investment gains (losses), net       0
Other comprehensive income (loss)       4
GMIB Reinsurance Contract Asset        
Total gains (losses), realized and unrealized, included in:        
Investment gains (losses), net     0 0
Other comprehensive income (loss)     0 0
Nonperformance risk $ 6   (50)  
GMxB Derivative Features Liability        
Total gains (losses), realized and unrealized, included in:        
Nonperformance risk (458)   35  
Level 3 | Corporate        
Total gains (losses), realized and unrealized, included in:        
Beginning Balance 1,652 $ 1,290 1,246 1,174
Net investment income (loss) 0 0 2 3
Investment gains (losses), net (1) 0 (14) 0
Subtotal (1) 0 (12) 3
Other comprehensive income (loss) 18 (7) (36) 3
Purchases (138) (2) 207 219
Sales (22) (42) (112) (101)
Transfers into level 3 (30) 0 189 14
Transfers out of Level 3 0 (31) (3) (104)
Closing Balance 1,479 1,208 1,479 1,208
Level 3 | States and political subdivisions        
Total gains (losses), realized and unrealized, included in:        
Beginning Balance 40 39 39 38
Net investment income (loss) 0 0 0 0
Investment gains (losses), net 0 0 0 0
Subtotal 0 0 0 0
Other comprehensive income (loss) (1) 1 1 3
Purchases 0 0 0 0
Sales 0 (1) (1) (2)
Transfers into level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Closing Balance 39 39 39 39
Level 3 | Asset- backed        
Total gains (losses), realized and unrealized, included in:        
Beginning Balance 0 534 100 519
Net investment income (loss) 0 0 0 0
Investment gains (losses), net 0 0 0 0
Subtotal 0 0 0 0
Other comprehensive income (loss) 0 0 0 5
Purchases 13 71 13 81
Sales 0 (73) 0 (73)
Transfers into level 3 0 0 0 0
Transfers out of Level 3 0 0 (100) 0
Closing Balance 13 532 13 532
Level 3 | Other equity investments        
Total gains (losses), realized and unrealized, included in:        
Beginning Balance 16 16 16 48
Net investment income (loss) 0 0 0 0
Net derivative gain (losses) 0 0 0 0
Subtotal 0 0 0 0
Other comprehensive income (loss) 0 0 0 0
Purchases 3 0 4 0
Sales 0 0 0 0
Settlements   0 0 0
Change in estimate 0   0  
Activity related to consolidated VIEs/VOEs (3) 0 (4) (3)
Transfers into level 3 0 0 0 0
Transfers out of Level 3 0 0 0 (29)
Closing Balance 16 16 16 16
Level 3 | GMIB Reinsurance Contract Asset        
Total gains (losses), realized and unrealized, included in:        
Beginning Balance 3,433 2,198 2,466 1,993
Net investment income (loss) 0 0 0 0
Net derivative gain (losses) (177) 664 849 881
Subtotal (177) 664 849 881
Other comprehensive income (loss) 0 0 0
Purchases 11 11 34 34
Sales (21) (20) (58) (55)
Settlements   0 0 0
Change in estimate 1   (44)  
Activity related to consolidated VIEs/VOEs 0 0 0 0
Transfers into level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Closing Balance 3,247 2,853 3,247 2,853
Level 3 | Separate Accounts Assets        
Total gains (losses), realized and unrealized, included in:        
Beginning Balance 0 25 0 21
Net investment income (loss) 0 0 0 0
Net derivative gain (losses) 0 0 0 0
Subtotal 0 0 0 0
Other comprehensive income (loss) 0 0 0
Purchases 0 (5) 0 3
Sales 0 (1) 0 (1)
Settlements   (1) 0 (4)
Change in estimate 0   0  
Activity related to consolidated VIEs/VOEs 0 0 0 0
Transfers into level 3 0 0 0 0
Transfers out of Level 3 0 (11) 0 (12)
Closing Balance 0 7 0 7
Level 3 | GMxB Derivative Features Liability        
Total gains (losses), realized and unrealized, included in:        
Beginning Balance (12,458) (6,813) (8,316) (5,491)
Net investment income (loss) 0 0 0 0
Net derivative gain (losses) 570 (2,535) (3,382) (3,656)
Subtotal 570 (2,535) (3,382) (3,656)
Other comprehensive income (loss) 0 0 0
Purchases (113) (100) (328) (309)
Sales 16 12 41 20
Settlements   0 0 0
Change in estimate 0   0  
Activity related to consolidated VIEs/VOEs 0 0 0 0
Transfers into level 3 0 0 0 0
Transfers out of Level 3 0 0 0 0
Closing Balance $ (11,985) $ (9,436) $ (11,985) $ (9,436)