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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Statement of Cash Flows [Abstract]    
Net cash provided by (used in) operating activities $ 158 $ 523
Cash flows from investing activities    
Sales, maturities and repayments of fixed maturity securities 1,644 3,950
Sales, maturities and repayments of equity securities 14 6
Sales, maturities and repayments of mortgage loans 480 255
Sales, maturities and repayments of limited partnerships and limited liability companies 69 77
Purchases of fixed maturity securities (2,469) (3,712)
Purchases of mortgage loans (277) (1,076)
Purchases of limited partnerships and limited liability companies (178) (110)
Cash received in connection with freestanding derivatives 3,411 313
Cash paid in connection with freestanding derivatives (1,806) (302)
Issuance of loan to affiliate (100) 0
Net change in policy loans 39 34
Net change in short-term investments (2,245) (506)
Net change in other invested assets 18 50
Net cash provided by (used in) investing activities (1,400) (1,021)
Cash flows from financing activities    
Policyholder account balances: Deposits 1,839 1,724
Policyholder account balances: Withdrawals (473) (893)
Net change in payables for collateral under securities loaned and other transactions 6,590 (1,070)
Long-term and short-term debt issued 100 412
Long-term and short-term debt repaid 0 (1)
Dividends paid to parent (300) 0
Financing element on certain derivative instruments and other derivative related transactions, net (486) (11)
Other, net (13) (13)
Net cash provided by (used in) financing activities 7,257 148
Change in cash, cash equivalents and restricted cash 6,015 (350)
Cash, cash equivalents and restricted cash, beginning of period 2,493 3,494
Cash, cash equivalents and restricted cash, end of period 8,508 3,144
Supplemental disclosures of cash flow information    
Net cash paid (received) for interest 34 1
Net cash paid (received) for income tax $ 0 $ (1)