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Other Income and Expense (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Equity in net income of partially-owned entities [1] $ 120 $ (72) $ 460 $ 291
Gains (losses) from fair value changes in separate account assets [2] (12) (18) (37) (49)
Federal excise and capital taxes (6) (5) (11) (9)
Other (2) (6) (16) (22)
Total 100 (101) 396 211
Partially-owned Investment Companies        
Unrealized Gain (Loss) on Investments (3) (134) 239 121
Huatai Group        
Equity in net income of partially-owned entities $ 22 $ 15 $ 36 $ 55
[1] Equity in net income (loss) of partially-owned entities includes mark-to-market gains (losses) on private equities where we own more than three percent of $(3) million and $239 million for the three and six months ended June 30, 2023, respectively, and $(134) million and $121 million, respectively, for the prior year periods. This line item also includes net income of $22 million and $36 million attributable to our investments in Huatai for the three and six months ended June 30, 2023, respectively, compared to $15 million and $55 million, respectively, for the prior year periods.
[2] Related to gains (losses) from fair value changes in separate account assets that do not qualify for separate account reporting under GAAP.