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Equity (Tables)
 3 Months Ended
Mar. 31, 2018
Equity [Abstract]  
Components of Accumulated Other Comprehensive Income (Loss)
Information regarding changes in the balances of each component of AOCI was as follows:
 
Three Months 
 Ended 
 March 31, 2018
 
Unrealized
Investment Gains
(Losses), Net of
Related Offsets (1)
 
Unrealized
Gains (Losses)
on Derivatives
 
Foreign
Currency
Translation
Adjustments
 
Total
 
(In millions)
Balance, December 31, 2017
$
1,709

 
$
151

 
$
(23
)
 
$
1,837

Cumulative effect change in accounting principle, net of income tax (see Note 1)
(15
)
 
—

 
—

 
(15
)
Balance, January 1, 2018
1,694

 
151

 
(23
)
 
1,822

OCI before reclassifications
(1,024
)
 
(73
)
 
2

 
(1,095
)
Deferred income tax benefit (expense)
218

 
15

 
—

 
233

AOCI before reclassifications, net of income tax
888

 
93

 
(21
)
 
960

Amounts reclassified from AOCI
58

 
(8
)
 
—

 
50

Deferred income tax benefit (expense)
(12
)
 
1

 
—

 
(11
)
Amounts reclassified from AOCI, net of income tax
46

 
(7
)
 
—

 
39

Balance, March 31, 2018
$
934

 
$
86

 
$
(21
)
 
$
999

 
Three Months 
 Ended 
 March 31, 2017
 
Unrealized
Investment Gains
(Losses), Net of
Related Offsets (1)
 
Unrealized
Gains (Losses)
on Derivatives
 
Foreign
Currency
Translation
Adjustments
 
Total
 
(In millions)
Balance, December 31, 2016
$
1,019

 
$
258

 
$
(29
)
 
$
1,248

OCI before reclassifications
209

 
(19
)
 
(7
)
 
183

Deferred income tax benefit (expense)
(90
)
 
7

 
3

 
(80
)
AOCI before reclassifications, net of income tax
1,138

 
246

 
(33
)
 
1,351

Amounts reclassified from AOCI
90

 
(10
)
 
—

 
80

Deferred income tax benefit (expense)
(38
)
 
3

 
—

 
(35
)
Amounts reclassified from AOCI, net of income tax
52

 
(7
)
 
—

 
45

Balance, March 31, 2017
$
1,190

 
$
239

 
$
(33
)
 
$
1,396

__________________
(1)
See Note 5 for information on offsets to investments related to future policy benefits, DAC, VOBA and DSI.
Reclassification out of Accumulated Other Comprehensive Income (Loss)
Information regarding amounts reclassified out of each component of AOCI was as follows:
AOCI Components
 
Amounts Reclassified from AOCI
 
Consolidated Statements of Operations and Comprehensive Income (Loss) Locations (1)
 
 
Three Months
Ended   
March 31,
 
 
 
 
 
2018
 
2017
 
 
 
 
 
(In millions)
 
 
Net unrealized investment gains (losses):
 
 
 
 
 
 
 
Net unrealized investment gains (losses)
 
$
(58
)
 
$
(48
)
 
 
Net investment gains (losses)
Net unrealized investment gains (losses)
 
—

 
1

 
 
Net investment income
Net unrealized investment gains (losses)
 
—

 
(43
)
 
 
Net derivative gains (losses)
Net unrealized investment gains (losses), before income tax
 
(58
)
 
(90
)
 
 
 
Income tax (expense) benefit
 
12

 
38

 
 
 
Net unrealized investment gains (losses), net of income tax
 
(46
)
 
(52
)
 
 
 
Unrealized gains (losses) on derivatives - cash flow hedges:
 
 
 
 
 
 
 
Interest rate swaps
 
6

 
—

 
 
Net derivative gains (losses)
Interest rate swaps
 
—

 
1

 
 
Net investment income
Interest rate forwards
 
1

 
—

 
 
Net derivative gains (losses)
Interest rate forwards
 
1

 
1

 
 
Net investment income
Foreign currency swaps
 
—

 
8

 
 
Net derivative gains (losses)
Gains (losses) on cash flow hedges, before
income tax
 
8

 
10

 
 
 
Income tax (expense) benefit
 
(1
)
 
(3
)
 
 
 
Gains (losses) on cash flow hedges, net of income tax
 
7

 
7

 
 
 
Total reclassifications, net of income tax
 
$
(39
)
 
$
(45
)
 
 
 

__________________
(1)
See Note 1 for information related to the cumulative effect of change in accounting principle.