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REVISION OF PRIOR PERIOD FINANCIAL STATEMENTS - Balance Sheet (Details) - USD ($)
$ in Millions
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
ASSETS                  
Other invested assets $ 1,523 $ 1,962 $ 1,607 $ 2,156          
Deferred policy acquisition costs 3,735 3,676 3,983 4,222       $ 4,959  
Amounts due from reinsurers 3,032     3,002       3,124  
Guaranteed minimum income benefit reinsurance asset, at fair value 3,247     2,466       1,992  
Current and deferred income taxes 0     249       473  
Other assets 3,854     3,050       2,785  
Total Assets 239,945 232,308 218,768 227,952       199,958  
LIABILITIES                  
Policyholders’ account balances 59,099     55,421          
Future policy benefits and other policyholders' liabilities 41,117 41,411 37,862 33,979       29,883  
Current and deferred income taxes 1,130 999 1,615 0          
Other liabilities 2,519     1,769       1,460  
Total Liabilities 225,508 217,184 199,938 216,348       187,560  
Equity:                  
Retained earnings 1,634 2,580 7,870 2,145       5,039  
Accumulated other comprehensive income (loss) 4,923     1,596 $ 2,220     (501)  
Total equity attributable to Equitable Financial 14,390 15,079 18,789 11,552       12,347  
Total Equity 14,399 15,088 18,798 11,565 13,254 $ 13,781 $ 12,281 12,359 $ 19,395
Total Liabilities, Redeemable Noncontrolling Interest and Equity $ 239,945 232,308 218,768 227,952       199,958  
As Previously Reported                  
ASSETS                  
Other invested assets   1,962 1,595            
Deferred policy acquisition costs   3,746 4,068 4,337       5,011  
Amounts due from reinsurers       3,001       3,124  
Guaranteed minimum income benefit reinsurance asset, at fair value       2,466       1,991  
Current and deferred income taxes       224       438  
Other assets       3,050       2,763  
Total Assets   232,378 218,841 228,041       199,952  
LIABILITIES                  
Future policy benefits and other policyholders' liabilities   41,382 37,830 33,976       29,808  
Current and deferred income taxes   1,020 1,637            
Other liabilities       1,768       1,460  
Total Liabilities   217,176 199,928 216,344       187,485  
Equity:                  
Retained earnings   2,658 7,953 2,242       5,098  
Accumulated other comprehensive income (loss)       1,592       (491)  
Total equity attributable to Equitable Financial   15,157 18,872 11,645       12,416  
Total Equity   15,166 18,881 11,658 13,251 13,932 12,370 12,428 19,492
Total Liabilities, Redeemable Noncontrolling Interest and Equity   232,378 218,841 228,041       199,952  
Impact of Revisions                  
ASSETS                  
Other invested assets   0 12            
Deferred policy acquisition costs   (70) (85) (115)       (52)  
Amounts due from reinsurers       1       0  
Guaranteed minimum income benefit reinsurance asset, at fair value       0       1  
Current and deferred income taxes       25       35  
Other assets       0       22  
Total Assets   (70) (73) (89)       6  
LIABILITIES                  
Future policy benefits and other policyholders' liabilities   29 32 3       75  
Current and deferred income taxes   (21) (22)            
Other liabilities       1       0  
Total Liabilities   8 10 4       75  
Equity:                  
Retained earnings   (78) (83) (97)       (59)  
Accumulated other comprehensive income (loss)       4       (10)  
Total equity attributable to Equitable Financial   (78) (83) (93)       (69)  
Total Equity   (78) (83) (93) $ 3 $ (151) $ (89) (69) $ (97)
Total Liabilities, Redeemable Noncontrolling Interest and Equity   $ (70) $ (73) $ (89)       $ 6