Equity (Tables)

3 Months Ended

Mar. 31, 2022

Components of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

Information regarding changes in the balances of each component of AOCI was as follows:


	Three Months Ended March 31, 2022
	Unrealized Investment Gains (Losses), Net of Related Offsets (1)		Unrealized Gains (Losses) on Derivatives		Foreign Currency Translation Adjustments		Total
	(In millions)
Balance at December 31, 2021	$	3,675	$	233	$	(7)	$	3,901
OCI before reclassifications	(4,595)		20		(8)		(4,583)
Deferred income tax benefit (expense) (2)	965		(4)		1		962
AOCI before reclassifications, net of income tax	45		249		(14)		280
Amounts reclassified from AOCI	41		(2)		—		39
Deferred income tax benefit (expense) (2)	(9)		1		—		(8)
Amounts reclassified from AOCI, net of income tax	32		(1)		—		31



Balance at March 31, 2022	$	77	$	248	$	(14)	$	311


	Three Months Ended March 31, 2021
	Unrealized Investment Gains (Losses), Net of Related Offsets (1)		Unrealized Gains (Losses) on Derivatives		Foreign Currency Translation Adjustments		Total
	(In millions)
Balance at December 31, 2020	$	5,321	$	108	$	(8)	$	5,421
OCI before reclassifications	(2,737)		(67)		(8)		(2,812)
Deferred income tax benefit (expense) (2)	575		14		2		591
AOCI before reclassifications, net of income tax	3,159		55		(14)		3,200
Amounts reclassified from AOCI	(12)		(7)		—		(19)
Deferred income tax benefit (expense) (2)	3		1		—		4
Amounts reclassified from AOCI, net of income tax	(9)		(6)		—		(15)



Balance at March 31, 2021	$	3,150	$	49	$	(14)	$	3,185

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(1)See Note 4 for information on offsets to investments related to future policy benefits, DAC, VOBA and DSI.

(2)The effects of income taxes on amounts recorded to AOCI are also recognized in AOCI. These income tax effects are released from AOCI when the related activity is reclassified into results from operations.

Reclassification out of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

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 March 31,
	2022		2021
	(In millions)
Net unrealized investment gains (losses):
Net unrealized investment gains (losses)	$	(39)	$	15	Net investment gains (losses)

Net unrealized investment gains (losses)	(2)		(3)		Net derivative gains (losses)
Net unrealized investment gains (losses), before income tax	(41)		12
Income tax (expense) benefit	9		(3)
Net unrealized investment gains (losses), net of income tax	(32)		9
Unrealized gains (losses) on derivatives - cash flow hedges:
Interest rate swaps	1		1		Net derivative gains (losses)
Interest rate swaps	1		1		Net investment income


Foreign currency swaps	—		5		Net derivative gains (losses)


Gains (losses) on cash flow hedges, before income tax	2		7
Income tax (expense) benefit	(1)		(1)
Gains (losses) on cash flow hedges, net of income tax	1		6
Total reclassifications, net of income tax	$	(31)	$	15