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Equity (Tables)
 9 Months Ended
Sep. 30, 2019
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 
 September 30, 2019
 
Unrealized
Investment Gains
(Losses), Net of
Related Offsets (1)
 
Unrealized
Gains (Losses)
on Derivatives
 
Foreign
Currency
Translation
Adjustments
 
Total
 
(In millions)
Balance, June 30, 2019
$
2,521

 
$
172

 
$
(19
)
 
$
2,674

OCI before reclassifications
952

 
157

 
(4
)
 
1,105

Deferred income tax benefit (expense)
(200
)
 
(33
)
 
—

 
(233
)
AOCI before reclassifications, net of income tax
3,273

 
296

 
(23
)
 
3,546

Amounts reclassified from AOCI
(17
)
 
(1
)
 
—

 
(18
)
Deferred income tax benefit (expense)
3

 
1

 
—

 
4

Amounts reclassified from AOCI, net of income tax
(14
)
 
—

 
—

 
(14
)
Balance, September 30, 2019
$
3,259

 
$
296

 
$
(23
)
 
$
3,532

 
Three Months Ended 
 September 30, 2018
 
Unrealized
Investment Gains
(Losses), Net of
Related Offsets (1)
 
Unrealized
Gains (Losses)
on Derivatives
 
Foreign
Currency
Translation
Adjustments
 
Total
 
(In millions)
Balance, June 30, 2018
$
671

 
$
162

 
$
(18
)
 
$
815

OCI before reclassifications
(298
)
 
(7
)
 
(8
)
 
(313
)
Deferred income tax benefit (expense)
61

 
2

 
1

 
64

AOCI before reclassifications, net of income tax
434

 
157

 
(25
)
 
566

Amounts reclassified from AOCI
37

 
(46
)
 
—

 
(9
)
Deferred income tax benefit (expense)
(8
)
 
11

 
—

 
3

Amounts reclassified from AOCI, net of income tax
29

 
(35
)
 
—

 
(6
)
Balance, September 30, 2018
$
463

 
$
122

 
$
(25
)
 
$
560

 
Nine Months Ended 
 September 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
3,452

 
196

 
3

 
3,651

Deferred income tax benefit (expense)
(725
)
 
(41
)
 
—

 
(766
)
AOCI before reclassifications, net of income tax
3,291

 
335

 
(23
)
 
3,603

Amounts reclassified from AOCI
(40
)
 
(50
)
 
—

 
(90
)
Deferred income tax benefit (expense)
8

 
11

 
—

 
19

Amounts reclassified from AOCI, net of income tax
(32
)
 
(39
)
 
—

 
(71
)
Balance, September 30, 2019
$
3,259

 
$
296

 
$
(23
)
 
$
3,532

 
Nine Months Ended 
 September 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
(1,633
)
 
28

 
(2
)
 
(1,607
)
Deferred income tax benefit (expense)
361

 
(6
)
 
—

 
355

AOCI before reclassifications, net of income tax
358

 
173

 
(25
)
 
506

Amounts reclassified from AOCI
136

 
(65
)
 
—

 
71

Deferred income tax benefit (expense)
(31
)
 
14

 
—

 
(17
)
Amounts reclassified from AOCI, net of income tax
105

 
(51
)
 
—

 
54

Balance, September 30, 2018
$
463

 
$
122

 
$
(25
)
 
$
560

__________________
(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 
 September 30,
 
Nine Months Ended 
 September 30,
 
 
 
 
2019
 
2018
 
2019
 
2018
 
 
 
 
(In millions)
 
 
Net unrealized investment gains (losses):
 
 
 
 
 
 
 
 
 
 
Net unrealized investment gains (losses)
 
$
17

 
$
(36
)
 
$
67

 
$
(136
)
 
Net investment gains (losses)
Net unrealized investment gains (losses)
 
—

 
—

 
—

 
1

 
Net investment income
Net unrealized investment gains (losses)
 
—

 
(1
)
 
(27
)
 
(1
)
 
Net derivative gains (losses)
Net unrealized investment gains (losses), before income tax
 
17

 
(37
)
 
40

 
(136
)
 
 
Income tax (expense) benefit
 
(3
)
 
8

 
(8
)
 
31

 
 
Net unrealized investment gains (losses), net of income tax
 
14

 
(29
)
 
32

 
(105
)
 
 
Unrealized gains (losses) on derivatives - cash flow hedges:
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
 
—

 
15

 
28

 
31

 
Net derivative gains (losses)
Interest rate swaps
 
1

 
—

 
2

 
2

 
Net investment income
Interest rate forwards
 
—

 
30

 
—

 
31

 
Net derivative gains (losses)
Interest rate forwards
 
—

 
1

 
—

 
2

 
Net investment income
Foreign currency swaps
 
—

 
—

 
20

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

 
46

 
50

 
65

 
 
Income tax (expense) benefit
 
(1
)
 
(11
)
 
(11
)
 
(14
)
 
 
Gains (losses) on cash flow hedges, net of income tax
 
—

 
35

 
39

 
51

 
 
Total reclassifications, net of income tax
 
$
14

 
$
6

 
$
71

 
$
(54
)