Equity (Tables)

9 Months Ended

Sep. 30, 2022

Equity [Abstract]

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 September 30, 2022
	Unrealized Investment Gains (Losses), Net of Related Offsets (1)		Unrealized Gains (Losses) on Derivatives		Foreign Currency Translation Adjustments		Total
	(In millions)
Balance at June 30, 2022	$	(3,445)	$	469	$	(33)	$	(3,009)
OCI before reclassifications	(4,715)		331		(24)		(4,408)
Deferred income tax benefit (expense) (2)	1,064		(143)		6		927
AOCI before reclassifications, net of income tax	(7,096)		657		(51)		(6,490)
Amounts reclassified from AOCI	45		(9)		—		36
Deferred income tax benefit (expense) (2)	(10)		2		—		(8)
Amounts reclassified from AOCI, net of income tax	35		(7)		—		28
Balance at September 30, 2022	$	(7,061)	$	650	$	(51)	$	(6,462)

	Three Months Ended September 30, 2021
	Unrealized Investment Gains (Losses), Net of Related Offsets (1)		Unrealized Gains (Losses) on Derivatives		Foreign Currency Translation Adjustments		Total
	(In millions)
Balance at June 30, 2021	$	4,187	$	138	$	(13)	$	4,312
OCI before reclassifications	(462)		102		9		(351)
Deferred income tax benefit (expense) (2)	96		(21)		(1)		74
AOCI before reclassifications, net of income tax	3,821		219		(5)		4,035
Amounts reclassified from AOCI	(2)		—		—		(2)
Deferred income tax benefit (expense) (2)	1		—		—		1
Amounts reclassified from AOCI, net of income tax	(1)		—		—		(1)
Balance at September 30, 2021	$	3,820	$	219	$	(5)	$	4,034

	Nine Months Ended September 30, 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	(13,806)		613		(56)		(13,249)
Deferred income tax benefit (expense) (2)	2,954		(183)		12		2,783
AOCI before reclassifications, net of income tax	(7,177)		663		(51)		(6,565)
Amounts reclassified from AOCI	147		(16)		—		131
Deferred income tax benefit (expense) (2)	(31)		3		—		(28)
Amounts reclassified from AOCI, net of income tax	116		(13)		—		103
Balance at September 30, 2022	$	(7,061)	$	650	$	(51)	$	(6,462)

	Nine Months Ended September 30, 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	(1,915)		149		3		(1,763)
Deferred income tax benefit (expense) (2)	401		(31)		—		370
AOCI before reclassifications, net of income tax	3,807		226		(5)		4,028
Amounts reclassified from AOCI	16		(9)		—		7
Deferred income tax benefit (expense) (2)	(3)		2		—		(1)
Amounts reclassified from AOCI, net of income tax	13		(7)		—		6
Balance at September 30, 2021	$	3,820	$	219	$	(5)	$	4,034

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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 September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
	(In millions)
Net unrealized investment gains (losses):
Net unrealized investment gains (losses)	$	(36)	$	2	$	(133)	$	(14)	Net investment gains (losses)
Net unrealized investment gains (losses)	(9)		—		(14)		(2)		Net derivative gains (losses)
Net unrealized investment gains (losses), before income tax	(45)		2		(147)		(16)
Income tax (expense) benefit	10		(1)		31		3
Net unrealized investment gains (losses), net of income tax	(35)		1		(116)		(13)
Unrealized gains (losses) on derivatives - cash flow hedges:
Interest rate swaps	—		—		4		1		Net derivative gains (losses)
Interest rate swaps	1		1		3		3		Net investment income
Foreign currency swaps	8		(1)		9		5		Net derivative gains (losses)
Gains (losses) on cash flow hedges, before income tax	9		—		16		9
Income tax (expense) benefit	(2)		—		(3)		(2)
Gains (losses) on cash flow hedges, net of income tax	7		—		13		7
Total reclassifications, net of income tax	$	(28)	$	1	$	(103)	$	(6)