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Equity (Tables)
 6 Months Ended
Jun. 30, 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 
 June 30, 2018
 
Unrealized
Investment Gains
(Losses), Net of
Related Offsets (1)
 
Unrealized
Gains (Losses)
on Derivatives
 
Foreign
Currency
Translation
Adjustments
 
Total
 
(In millions)
Balance, March 31, 2018
$
870

 
$
86

 
$
(21
)
 
$
935

OCI before reclassifications
(311
)
 
108

 
4

 
(199
)
Deferred income tax benefit (expense)
82

 
(23
)
 
(1
)
 
58

AOCI before reclassifications, net of income tax
641

 
171

 
(18
)
 
794

Amounts reclassified from AOCI
41

 
(11
)
 
—

 
30

Deferred income tax benefit (expense)
(11
)
 
2

 
—

 
(9
)
Amounts reclassified from AOCI, net of income tax
30

 
(9
)
 
—

 
21

Balance, June 30, 2018
$
671

 
$
162

 
$
(18
)
 
$
815

 
Three Months 
 Ended 
 June 30, 2017
 
Unrealized
Investment Gains
(Losses), Net of
Related Offsets (1)
 
Unrealized
Gains (Losses)
on Derivatives
 
Foreign
Currency
Translation
Adjustments
 
Total
 
(In millions)
Balance, March 31, 2017
$
1,190

 
$
239

 
$
(33
)
 
$
1,396

OCI before reclassifications
749

 
(32
)
 
2

 
719

Deferred income tax benefit (expense)
(267
)
 
11

 
—

 
(256
)
AOCI before reclassifications, net of income tax
1,672

 
218

 
(31
)
 
1,859

Amounts reclassified from AOCI
(2
)
 
(2
)
 
—

 
(4
)
Deferred income tax benefit (expense)
5

 
1

 
—

 
6

Amounts reclassified from AOCI, net of income tax
3

 
(1
)
 
—

 
2

Balance, June 30, 2017
$
1,675

 
$
217

 
$
(31
)
 
$
1,861

 
Six Months 
 Ended 
 June 30, 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 of change in accounting principle and other, net of income tax (see Note 1)
(79
)
 
—

 
—

 
(79
)
Balance, January 1, 2018
1,630

 
151

 
(23
)
 
1,758

OCI before reclassifications
(1,335
)
 
35

 
6

 
(1,294
)
Deferred income tax benefit (expense)
300

 
(8
)
 
(1
)
 
291

AOCI before reclassifications, net of income tax
595

 
178

 
(18
)
 
755

Amounts reclassified from AOCI
99

 
(19
)
 
—

 
80

Deferred income tax benefit (expense)
(23
)
 
3

 
—

 
(20
)
Amounts reclassified from AOCI, net of income tax
76

 
(16
)
 
—

 
60

Balance, June 30, 2018
$
671

 
$
162

 
$
(18
)
 
$
815

 
Six Months 
 Ended 
 June 30, 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
958

 
(51
)
 
(5
)
 
902

Deferred income tax benefit (expense)
(357
)
 
18

 
3

 
(336
)
AOCI before reclassifications, net of income tax
1,620

 
225

 
(31
)
 
1,814

Amounts reclassified from AOCI
88

 
(12
)
 
—

 
76

Deferred income tax benefit (expense)
(33
)
 
4

 
—

 
(29
)
Amounts reclassified from AOCI, net of income tax
55

 
(8
)
 
—

 
47

Balance, June 30, 2017
$
1,675

 
$
217

 
$
(31
)
 
$
1,861

__________________
(1)
See Note 4 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
 
 
Three Months
Ended   
June 30,
 
Six Months
Ended   
 June 30,
 
 
 
 
2018
 
2017
 
2018
 
2017
 
 
 
 
(In millions)
 
 
Net unrealized investment gains (losses):
 
 
 
 
 
 
 
 
 
 
Net unrealized investment gains (losses)
 
$
(42
)
 
$
2

 
$
(100
)
 
$
(46
)
 
Net investment gains (losses)
Net unrealized investment gains (losses)
 
1

 
1

 
1

 
2

 
Net investment income
Net unrealized investment gains (losses)
 
—

 
(1
)
 
—

 
(44
)
 
Net derivative gains (losses)
Net unrealized investment gains (losses), before income tax
 
(41
)
 
2

 
(99
)
 
(88
)
 
 
Income tax (expense) benefit
 
11

 
(5
)
 
23

 
33

 
 
Net unrealized investment gains (losses), net of income tax
 
(30
)
 
(3
)
 
(76
)
 
(55
)
 
 
Unrealized gains (losses) on derivatives - cash flow hedges:
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
 
10

 
—

 
16

 
—

 
Net derivative gains (losses)
Interest rate swaps
 
2

 
1

 
2

 
2

 
Net investment income
Interest rate forwards
 
—

 
—

 
1

 
—

 
Net derivative gains (losses)
Interest rate forwards
 
—

 
—

 
1

 
1

 
Net investment income
Foreign currency swaps
 
(1
)
 
1

 
(1
)
 
9

 
Net derivative gains (losses)
Gains (losses) on cash flow hedges, before
income tax
 
11

 
2

 
19

 
12

 
 
Income tax (expense) benefit
 
(2
)
 
(1
)
 
(3
)
 
(4
)
 
 
Gains (losses) on cash flow hedges, net of income tax
 
9

 
1

 
16

 
8

 
 
Total reclassifications, net of income tax
 
$
(21
)
 
$
(2
)
 
$
(60
)
 
$
(47
)