XML 73 R62.htm IDEA: XBRL DOCUMENT v3.20.2
Commitments, Contingencies, And Guarantees (Balance Sheet Locations, Fair Values In Asset Or (Liability) Position, And Notional Values/Payment Provisions Of Derivative Instruments) (Detail) - USD ($)
$ in Millions
Sep. 30, 2020
Jun. 30, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Dec. 31, 2018
Derivatives, Fair Value [Line Items]            
Future policy benefits $ 5,955   $ 5,814      
Foreign currency forward contracts            
Derivatives, Fair Value [Line Items]            
Derivative, Notional Amount 2,550   2,579      
Options/Futures contracts on notes, bonds, and equities            
Derivatives, Fair Value [Line Items]            
Derivative, Notional Amount 1,457   1,615      
Convertible securities            
Derivatives, Fair Value [Line Items]            
Derivative, Notional Amount [1] 11   5      
Total investment and embedded derivative instruments            
Derivatives, Fair Value [Line Items]            
Fair Value, Asset 33   28      
Derivative, Notional Amount 4,018   4,199      
Futures contracts on equities            
Derivatives, Fair Value [Line Items]            
Derivative, Notional Amount [2] 648   613      
Other            
Derivatives, Fair Value [Line Items]            
Derivative, Notional Amount 113   63      
Other Derivative Instruments [Member]            
Derivatives, Fair Value [Line Items]            
Derivative, Notional Amount 761   676      
Guaranteed Minimum Income Benefit [Member]            
Derivatives, Fair Value [Line Items]            
Fair Value, Asset [3] 0   0      
Derivative, Notional Amount [3] 2,071   1,510      
Future policy benefits 436   441      
Other Assets [Member] | Foreign currency forward contracts            
Derivatives, Fair Value [Line Items]            
Fair Value, Asset 12   11      
Other Assets [Member] | Options/Futures contracts on notes, bonds, and equities            
Derivatives, Fair Value [Line Items]            
Fair Value, Asset 12   13      
Other Assets [Member] | Futures contracts on equities            
Derivatives, Fair Value [Line Items]            
Fair Value, Asset [2] 0   0      
Other Assets [Member] | Other            
Derivatives, Fair Value [Line Items]            
Fair Value, Asset 3   2      
Other Assets [Member] | Other Derivative Instruments [Member]            
Derivatives, Fair Value [Line Items]            
Fair Value, Asset 3   2      
Fixed Maturities [Member] | Convertible securities            
Derivatives, Fair Value [Line Items]            
Fair Value, Asset [1] 9   4      
Equity Securities [Member] | Convertible securities            
Derivatives, Fair Value [Line Items]            
Fair Value, Liability [1] 0   0      
Accounts Payable, Accrued Expenses, And Other Liabilities [Member] | Foreign currency forward contracts            
Derivatives, Fair Value [Line Items]            
Fair Value, Liability (73)   (78)      
Accounts Payable, Accrued Expenses, And Other Liabilities [Member] | Options/Futures contracts on notes, bonds, and equities            
Derivatives, Fair Value [Line Items]            
Fair Value, Liability (3)   (15)      
Accounts Payable, Accrued Expenses, And Other Liabilities [Member] | Total investment and embedded derivative instruments            
Derivatives, Fair Value [Line Items]            
Fair Value, Liability (76)   (93)      
Accounts Payable, Accrued Expenses, And Other Liabilities [Member] | Futures contracts on equities            
Derivatives, Fair Value [Line Items]            
Fair Value, Liability [2] (1)   (13)      
Accounts Payable, Accrued Expenses, And Other Liabilities [Member] | Other            
Derivatives, Fair Value [Line Items]            
Fair Value, Liability 0   0      
Accounts Payable, Accrued Expenses, And Other Liabilities [Member] | Other Derivative Instruments [Member]            
Derivatives, Fair Value [Line Items]            
Fair Value, Liability (1)   (13)      
Balance Sheet Location Accounts Payable Future Policy Benefits [Member] | Guaranteed Minimum Income Benefit [Member]            
Derivatives, Fair Value [Line Items]            
Fair Value, Liability [3] (1,318)   (897)      
Guaranteed Minimum Income Benefit [Member]            
Derivatives, Fair Value [Line Items]            
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value 882 $ 928 456 $ 509 $ 403 $ 452
Guaranteed Benefit Liability, Net 1,318 $ 1,372 897 $ 935 $ 815 $ 861
Guaranteed Minimum Income Benefit [Member] | Fair Value, Recurring [Member] | Level 3            
Derivatives, Fair Value [Line Items]            
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value [5] $ 882 [4]   $ 456 [6]      
[1] Includes fair value of embedded derivatives.
[2] Related to GMDB and GLB book of business.
[3] Includes both future policy benefits reserves of $436 million and $441 million and fair value derivative adjustment of $882 million and $456 million at September 30, 2020 and December 31, 2019, respectively. Note that the payment provision related to GLB is the net amount at risk. The concept of a notional value does not apply to the GLB reinsurance contracts.
[4] Our GLB reinsurance product meets the definition of a derivative instrument for accounting purposes and is accordingly carried at fair value. Excluded from the table above is the portion of the GLB derivative liability classified as Future policy benefits in the Consolidated balance sheets.
[5] The weighted average lapse and annuitization rates are determined by weighting each treaty's rates by the GLB contracts fair value.
[6] Our GLB reinsurance product meets the definition of a derivative instrument for accounting purposes and is accordingly carried at fair value. Excluded from the table above is the portion of the GLB derivative liability classified as Future policy benefits in the Consolidated balance sheets.