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Equity
 6 Months Ended
Jun. 30, 2019
Equity [Abstract]  
Equity
8. Equity
Accumulated Other Comprehensive Income (Loss)
Information regarding changes in the balances of each component of AOCI was as follows:
 
Three Months Ended 
 June 30, 2019
 
Unrealized
Investment Gains
(Losses), Net of
Related Offsets (1)
 
Unrealized
Gains (Losses)
on Derivatives
 
Foreign
Currency
Translation
Adjustments
 
Total
 
(In millions)
Balance, March 31, 2019
$
1,551

 
$
133

 
$
(26
)
 
$
1,658

OCI before reclassifications
1,278

 
73

 
7

 
1,358

Deferred income tax benefit (expense)
(268
)
 
(15
)
 
—

 
(283
)
AOCI before reclassifications, net of income tax
2,561

 
191

 
(19
)
 
2,733

Amounts reclassified from AOCI
(51
)
 
(23
)
 
—

 
(74
)
Deferred income tax benefit (expense)
11

 
4

 
—

 
15

Amounts reclassified from AOCI, net of income tax
(40
)
 
(19
)
 
—

 
(59
)
Balance, June 30, 2019
$
2,521

 
$
172

 
$
(19
)
 
$
2,674

 
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

 
Six Months Ended 
 June 30, 2019
 
Unrealized
Investment Gains
(Losses), Net of
Related Offsets (1)
 
Unrealized
Gains (Losses)
on Derivatives
 
Foreign
Currency
Translation
Adjustments
 
Total
 
(In millions)
Balance, December 31, 2018
$
564

 
$
180

 
$
(26
)
 
$
718

OCI before reclassifications
2,500

 
39

 
7

 
2,546

Deferred income tax benefit (expense)
(525
)
 
(8
)
 
—

 
(533
)
AOCI before reclassifications, net of income tax
2,539

 
211

 
(19
)
 
2,731

Amounts reclassified from AOCI
(23
)
 
(49
)
 
—

 
(72
)
Deferred income tax benefit (expense)
5

 
10

 
—

 
15

Amounts reclassified from AOCI, net of income tax
(18
)
 
(39
)
 
—

 
(57
)
Balance, June 30, 2019
$
2,521

 
$
172

 
$
(19
)
 
$
2,674

 
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, net of income tax
(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

__________________
(1)
See Note 4 for information on offsets to investments related to future policy benefits, DAC, VOBA and DSI.
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,
 
 
 
 
2019
 
2018
 
2019
 
2018
 
 
 
 
(In millions)
 
 
Net unrealized investment gains (losses):
 
 
 
 
 
 
 
 
 
 
Net unrealized investment gains (losses)
 
$
74

 
$
(42
)
 
$
50

 
$
(100
)
 
Net investment gains (losses)
Net unrealized investment gains (losses)
 
—

 
1

 
—

 
1

 
Net investment income
Net unrealized investment gains (losses)
 
(23
)
 
—

 
(27
)
 
—

 
Net derivative gains (losses)
Net unrealized investment gains (losses), before income tax
 
51

 
(41
)
 
23

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

 
(5
)
 
23

 
 
Net unrealized investment gains (losses), net of income tax
 
40

 
(30
)
 
18

 
(76
)
 
 
Unrealized gains (losses) on derivatives - cash flow hedges:
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
 
6

 
10

 
28

 
16

 
Net derivative gains (losses)
Interest rate swaps
 
—

 
2

 
1

 
2

 
Net investment income
Interest rate forwards
 
—

 
—

 
—

 
1

 
Net derivative gains (losses)
Interest rate forwards
 
—

 
—

 
—

 
1

 
Net investment income
Foreign currency swaps
 
17

 
(1
)
 
20

 
(1
)
 
Net derivative gains (losses)
Gains (losses) on cash flow hedges, before income tax
 
23

 
11

 
49

 
19

 
 
Income tax (expense) benefit
 
(4
)
 
(2
)
 
(10
)
 
(3
)
 
 
Gains (losses) on cash flow hedges, net of income tax
 
19

 
9

 
39

 
16

 
 
Total reclassifications, net of income tax
 
$
59

 
$
(21
)
 
$
57

 
$
(60
)