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Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
COMPREHENSIVE INCOME (LOSS)    
Net income (loss) $ (19) $ 349
Other comprehensive income (loss), net of income taxes:    
Change in unrealized gains (losses), net of adjustment [1] 1,509 (3,733)
Changes in market risk benefits - instrument-specific credit risk 933 1,512
Changes in liability for future policy benefits - current discount rate (109) 257
Other comprehensive income (loss) 2,333 (1,964)
Comprehensive income (loss) 2,314 (1,615)
Less: Comprehensive income (loss) attributable to the noncontrolling interest [1] 0 (1)
Comprehensive income (loss) attributable to Equitable Financial $ 2,314 $ (1,614)
[1] See Note 13 of the Notes to these Consolidated Financial Statements for details of change in unrealized gains (losses), net of adjustments.Prior period amounts have been adjusted for the implementation of ASU 2018-12: Targeted Improvements to the Accounting for Long-Duration Contracts.