v3.25.2
OTHER COMPREHENSIVE INCOME (LOSS) - Schedule of Components of Comprehensive Income (Loss) in the Consolidated Statements of Operations (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Before Tax        
Total other comprehensive income (loss), before tax $ 162 $ (10) $ 374 $ (108)
Tax Effect        
Total other comprehensive income (loss), tax effect (34) 2 (79) 23
Net of Tax        
Total other comprehensive income (loss), net of tax 128 (8) 296 (85)
URA(D) of securities        
Before Tax        
OCI before reclassification, before tax 109 (43) 305 (121)
Reclassification of net realized losses (gains) included in net income (loss), before tax 2 11 5 16
Tax Effect        
OCI before reclassification, tax effect (23) 9 (64) 26
Reclassification of net realized losses (gains) included in net income (loss), tax effect 0 (2) (1) (3)
Net of Tax        
OCI before reclassifications, net of tax 86 (34) 241 (96)
Reclassification of net realized losses (gains) included in net income (loss), net of tax 2 9 4 12
Total other comprehensive income (loss), net of tax 88 (25) 245 (84)
Foreign currency translation adjustments        
Before Tax        
OCI before reclassification, before tax 61 (9) 75 (33)
Tax Effect        
OCI before reclassification, tax effect (13) 2 (16) 7
Net of Tax        
OCI before reclassifications, net of tax 48 (7) 59 (26)
Total other comprehensive income (loss), net of tax 48 (7) 59 (26)
Benefit plan net gain (loss)        
Before Tax        
Reclassification of net realized losses (gains) included in net income (loss), before tax (10) 31 (10) 31
Tax Effect        
Reclassification of net realized losses (gains) included in net income (loss), tax effect 2 (6) 2 (7)
Net of Tax        
Reclassification of net realized losses (gains) included in net income (loss), net of tax (8) 24 (8) 25
Total other comprehensive income (loss), net of tax $ (8) $ 24 $ (8) $ 25