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REVISION OF PRIOR PERIOD FINANCIAL STATEMENTS - Income Statement (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2020
Jun. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
REVENUES                          
Policy charges and fee income $ 853 $ 824 $ 905 $ 899 $ 863 $ 857 $ 1,729 $ 1,720 $ 2,582 $ 2,619 $ 3,487 $ 3,515 $ 3,289
Net derivative gains (losses)   (5,908) 9,532 (343) (179) (1,558) 3,624 (1,737) 2,097 (2,080) (3,831) (1,034) 854
Net derivative gains (losses)                         878
Net investment income (loss) 809 921 604 744   904 1,525   2,334 2,527      
Other income 18 10 15 (1)   10 25   43 39 56 64  
Total Revenues 603 (3,574) 11,599 1,990 2,068 685 8,025 2,753 8,628 4,743 5,174 6,918 8,435
BENEFITS AND OTHER DEDUCTIONS                          
Policyholders’ benefits 950 691 2,626 1,642 861 853 3,317 1,714 4,267 3,356 4,088 2,960 3,481
Interest credited to policyholder's account balances 277   289 296 291 272   563 845 859 1,149 979  
Commissions 153     153         462 462 629 625 635
Amortization of deferred policy acquisition costs 119 149 1,022 54 142 149 1,171 291 1,290 345 520 451 925
Other operating costs and expenses 221 218 214 214   184 432   653 614 912 2,919  
Total benefits and other deductions 1,796 1,539 4,392 2,429 1,747 1,701 5,931 3,448 7,727 5,877 7,637 8,390 6,947
Income (loss) from continuing operations, before income taxes (1,193) (5,113) 7,207 (439) 321 (1,016) 2,094 (695) 901 (1,134) (2,463) (1,472) 1,488
Income tax expense (benefit) from continuing operations 249 1,027 (1,457) 175 (53) 167 (430) 114 (181) 289 579 456 1,218
Net income (loss) from continuing operations                         2,706
Net income (loss) (944) (4,086) 5,750 (264) 268 (849) 1,664 (581) 720 (845) (1,884) (902) 2,791
Net income (loss) attributable to Equitable Financial $ (946) (4,090) 5,757 (264) 267 (851) 1,667 (584) $ 721 (848) (1,889) (899) 2,790
As Previously Reported                          
REVENUES                          
Policy charges and fee income   825 904 853 865 859 1,729 1,724   2,577 3,450 3,523 3,294
Net derivative gains (losses)   (5,903) 9,533 (342) (178) (1,555) 3,630 (1,733)   (2,075) (3,820) (1,010) 870
Net derivative gains (losses)                         894
Net investment income (loss)   934 591     904 1,525            
Other income   8 17 0   10 25     40 56 65  
Total Revenues   (3,557) 11,588 1,946 2,071 690 8,031 2,761   4,707 5,148 6,951 8,456
BENEFITS AND OTHER DEDUCTIONS                          
Policyholders’ benefits   700 2,597 1,634 868 819 3,297 1,687   3,321 4,119 3,005 3,473
Interest credited to policyholder's account balances     289 280 288 269   557   837 1,127 1,002  
Commissions                     629 620 628
Amortization of deferred policy acquisition costs   164 1,058 32 144 165 1,222 309   341 452 431 900
Other operating costs and expenses   218 213     184 431       912 2,918  
Total benefits and other deductions   1,563 4,398 2,383 1,753 1,680 5,961 3,433   5,816 7,578 8,432 6,907
Income (loss) from continuing operations, before income taxes   (5,120) 7,190 (437) 318 (990) 2,070 (672)   (1,109) (2,430) (1,481) 1,549
Income tax expense (benefit) from continuing operations   1,029 (1,454) 175 (53) 162 (425) 109   284 584 446 1,210
Net income (loss) from continuing operations                         2,759
Net income (loss)   (4,091) 5,736 (262) 265 (828) 1,645 (563)   (825) (1,846) (921) 2,844
Net income (loss) attributable to Equitable Financial   (4,095) 5,743 (262) 264 (830) 1,648 (566)   (828) (1,851) (918) 2,843
Impact of Revisions                          
REVENUES                          
Policy charges and fee income   (1) 1 46 (2) (2) 0 (4)   42 37 (8) (5)
Net derivative gains (losses)   (5) (1) (1) (1) (3) (6) (4)   (5) (11) (24) (16)
Net derivative gains (losses)                         (16)
Net investment income (loss)   (13) 13     0 0            
Other income   2 (2) (1)   0 0     (1) 0 (1)  
Total Revenues   (17) 11 44 (3) (5) (6) (8)   36 26 (33) (21)
BENEFITS AND OTHER DEDUCTIONS                          
Policyholders’ benefits   (9) 29 8 (7) 34 20 27   35 (31) (45) 8
Interest credited to policyholder's account balances     0 16 3 3   6   22 22 (23)  
Commissions                     0 5 7
Amortization of deferred policy acquisition costs   (15) (36) 22 (2) (16) (51) (18)   4 68 20 25
Other operating costs and expenses   0 1     0 1       0 1  
Total benefits and other deductions   (24) (6) 46 (6) 21 (30) 15   61 59 (42) 40
Income (loss) from continuing operations, before income taxes   7 17 (2) 3 (26) 24 (23)   (25) (33) 9 (61)
Income tax expense (benefit) from continuing operations   (2) (3) 0 0 5 (5) 5   5 (5) 10 8
Net income (loss) from continuing operations                         (53)
Net income (loss)   5 14 (2) 3 (21) 19 (18)   (20) (38) 19 (53)
Net income (loss) attributable to Equitable Financial   $ 5 $ 14 $ (2) $ 3 $ (21) $ 19 $ (18)   $ (20) $ (38) $ 19 $ (53)