Consolidated Balance Sheets - USD ($) $ in Millions		Dec. 31, 2021	Dec. 31, 2020
Investments:
Fixed maturities available-for-sale, at fair value (amortized cost of $68,636 and $68,136) (allowance for credit losses of $22 and $13)		$ 73,076	$ 76,353
Mortgage loans on real estate (net of allowance for credit losses of $62 and $81)		14,016	13,142
Policy loans		3,540	3,635
Other equity investments	[1]	2,759	1,342
Trading securities, at fair value		379	5,340
Other invested assets		2,910	2,383
Total investments		96,680	102,195
Cash and cash equivalents		1,815	2,043
Deferred policy acquisition costs		4,267	3,816
Amounts due from reinsurers (allowance for credit losses of $5 and $5 ) (includes amounts accounted for at fair value of $5,813and $—)	[2]	13,300	3,053
Loans to affiliates		1,900	900
GMIB reinsurance contract asset, at fair value		2,068	2,859
Current and deferred income taxes		842	0
Other assets		3,023	3,078
Separate Accounts assets		143,912	133,350
Total Assets		267,807	251,294
LIABILITIES
Policyholders’ account balances		75,467	63,109
Future policy benefits and other policyholders' liabilities		36,851	40,151
Broker-dealer related payables		630	1,064
Amounts due to reinsurers		135	122
Current and deferred income taxes		0	234
Other liabilities		2,078	1,580
Separate Accounts liabilities		143,912	133,350
Total Liabilities		259,073	239,610
Redeemable noncontrolling interest	[3]	28	41
Commitments and contingent liabilities (Note 16)
Equity attributable to Equitable Financial:
Common stock, $1.25 par value; 2,000,000 shares authorized, issued and outstanding		2	2
Additional paid-in capital		8,546	7,841
Retained earnings		(2,199)	(795)
Accumulated other comprehensive income (loss)		2,357	4,595
Total Equity		8,706	11,643
Total Liabilities, Redeemable Noncontrolling Interest and Equity		$ 267,807	$ 251,294

[1] See Note 2 of the Notes to these Consolidated Financial Statements for details of balances with VIEs.

[2] Represents the fair value of the ceded reserves to Venerable. See Note 1 of the Notes to these Consolidated Financial Statements for details of the Venerable transaction and Note 7 of the Notes to these Consolidated Financial Statements.

[3] See Note 18 of the Notes to these Consolidated Financial Statements for details of redeemable noncontrolling interest.