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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Statement of Cash Flows [Abstract]    
Net cash provided by (used in) operating activities $ 648 $ 1,643
Cash flows from investing activities    
Sales, maturities and repayments of fixed maturity securities 5,921 11,160
Sales, maturities and repayments of equity securities 54 29
Sales, maturities and repayments of mortgage loans 1,227 924
Sales, maturities and repayments of limited partnerships and limited liability companies 124 205
Purchases of fixed maturity securities (9,485) (12,982)
Purchases of equity securities (1) (3)
Purchases of mortgage loans (1,236) (2,625)
Purchases of limited partnerships and limited liability companies (423) (321)
Cash received in connection with freestanding derivatives 5,280 1,178
Cash paid in connection with freestanding derivatives (3,281) (1,704)
Receipt on loan to affiliate 100 0
Issuance of loan to affiliate (100) 0
Net change in policy loans (4) 86
Net change in short-term investments (1,849) (1,477)
Net change in other invested assets (17) 21
Net cash provided by (used in) investing activities (3,690) (5,509)
Cash flows from financing activities    
Policyholder account balances: Deposits 6,749 5,279
Policyholder account balances: Withdrawals (1,535) (1,963)
Net change in payables for collateral under securities loaned and other transactions 2,596 224
Long-term and short-term debt issued 100 412
Long-term and short-term debt repaid (101) (1)
Dividends paid to parent (800) 0
Financing element on certain derivative instruments and other derivative related transactions, net (765) 179
Other, net (32) (38)
Net cash provided by (used in) financing activities 6,212 4,092
Change in cash, cash equivalents and restricted cash 3,170 226
Cash, cash equivalents and restricted cash, beginning of period 2,493 3,494
Cash, cash equivalents and restricted cash, end of period 5,663 3,720
Supplemental disclosures of cash flow information    
Net cash paid (received) for interest 67 30
Net cash paid (received) for income tax $ (66) $ 0