2023 Q3 Form 10-Q Financial Statement
#000168504023000056 Filed on August 09, 2023
Income Statement
Concept | 2023 Q3 | 2023 Q2 |
---|---|---|
Revenue | $1.170B | $263.0M |
YoY Change | -21.05% | -93.07% |
Cost Of Revenue | $590.0M | $689.0M |
YoY Change | -52.65% | -37.82% |
Gross Profit | $580.0M | -$426.0M |
YoY Change | 145.76% | -115.84% |
Gross Profit Margin | 49.57% | -161.98% |
Selling, General & Admin | -$525.0M | -$722.0M |
YoY Change | -198.68% | -274.4% |
% of Gross Profit | -90.52% | |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | ||
YoY Change | ||
% of Gross Profit | ||
Operating Expenses | $473.0M | $502.0M |
YoY Change | -4.44% | -15.06% |
Operating Profit | $107.0M | -$928.0M |
YoY Change | -141.31% | -144.23% |
Interest Expense | -$38.00M | -$38.00M |
YoY Change | 0.0% | 0.0% |
% of Operating Profit | -35.51% | |
Other Income/Expense, Net | ||
YoY Change | ||
Pretax Income | $590.0M | -$237.0M |
YoY Change | -167.97% | -119.54% |
Income Tax | $109.0M | -$62.00M |
% Of Pretax Income | 18.47% | |
Net Earnings | $479.0M | -$175.0M |
YoY Change | -170.75% | -117.8% |
Net Earnings / Revenue | 40.94% | -66.54% |
Basic Earnings Per Share | $6.92 | -$3.01 |
Diluted Earnings Per Share | $6.89 | -$3.01 |
COMMON SHARES | ||
Basic Shares Outstanding | 65.50M shares | 66.86M shares |
Diluted Shares Outstanding | 65.74M shares | 66.72M shares |
Balance Sheet
Concept | 2023 Q3 | 2023 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | ||
YoY Change | ||
Cash & Equivalents | $3.839B | $3.737B |
Short-Term Investments | ||
Other Short-Term Assets | ||
YoY Change | ||
Inventory | ||
Prepaid Expenses | ||
Receivables | ||
Other Receivables | ||
Total Short-Term Assets | ||
YoY Change | ||
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $4.931B | $4.914B |
YoY Change | 7.03% | 4.93% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | $103.7B | $106.4B |
YoY Change | -0.16% | 0.59% |
Other Assets | $2.121B | $1.897B |
YoY Change | 31.01% | 302.76% |
Total Long-Term Assets | ||
YoY Change | ||
TOTAL ASSETS | ||
Total Short-Term Assets | ||
Total Long-Term Assets | ||
Total Assets | $223.5B | $231.5B |
YoY Change | 0.85% | 1.46% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | ||
YoY Change | ||
Accrued Expenses | ||
YoY Change | ||
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | ||
YoY Change | ||
LONG-TERM LIABILITIES | ||
Long-Term Debt | $3.157B | $3.156B |
YoY Change | 0.03% | -0.03% |
Other Long-Term Liabilities | $17.03B | $16.57B |
YoY Change | 119.29% | 152.07% |
Total Long-Term Liabilities | $20.19B | $19.72B |
YoY Change | 84.83% | 102.71% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | ||
Total Long-Term Liabilities | $20.19B | $19.72B |
Total Liabilities | $219.4B | $226.6B |
YoY Change | 1.68% | 3.95% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$590.0M | -$1.069B |
YoY Change | -294.08% | -208.97% |
Common Stock | $1.000M | $1.000M |
YoY Change | 0.0% | 0.0% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | $2.248B | $2.183B |
YoY Change | 15.34% | 20.41% |
Treasury Stock Shares | ||
Shareholders Equity | $4.069B | $4.907B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $223.5B | $231.5B |
YoY Change | 0.85% | 1.46% |
Cashflow Statement
Concept | 2023 Q3 | 2023 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $479.0M | -$175.0M |
YoY Change | -170.75% | -117.8% |
Depreciation, Depletion And Amortization | ||
YoY Change | ||
Cash From Operating Activities | $339.0M | -$128.0M |
YoY Change | -135.42% | -170.72% |
INVESTING ACTIVITIES | ||
Capital Expenditures | ||
YoY Change | ||
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$985.0M | -$334.0M |
YoY Change | -61.78% | -86.64% |
Cash From Investing Activities | -$985.0M | -$334.0M |
YoY Change | -61.78% | -86.64% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 748.0M | 514.0M |
YoY Change | -77.03% | -84.37% |
NET CHANGE | ||
Cash From Operating Activities | 339.0M | -128.0M |
Cash From Investing Activities | -985.0M | -334.0M |
Cash From Financing Activities | 748.0M | 514.0M |
Net Change In Cash | 102.0M | 52.00M |
YoY Change | -136.69% | -94.64% |
FREE CASH FLOW | ||
Cash From Operating Activities | $339.0M | -$128.0M |
Capital Expenditures | ||
Free Cash Flow | ||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
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Investment Hedge Adjustment
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Investment Hedge Adjustment
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Investment Hedge Adjustment
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Investment Hedge Adjustment
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Liability For Future Policy Benefits
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Liability For Future Policy Benefits
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Policyholder Funds
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Policyholder Funds
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Variable Income Annuities
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Variable Income Annuities
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Pension Risk Transfer Annuities
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Available For Sale Debt Securities Amortized Cost Basis
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Debt Securities Available For Sale Allowance For Credit Loss
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Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
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CY2023Q2 | us-gaap |
Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
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Available For Sale Securities Debt Securities
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Available For Sale Debt Securities Amortized Cost Basis
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Debt Securities Available For Sale Allowance For Credit Loss
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Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
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Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
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Available For Sale Securities Debt Securities
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Available For Sale Securities Debt Maturities Within One Year Amortized Cost
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Available For Sale Securities Debt Securities
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Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
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Debt Securities Available For Sale Allowance For Credit Loss
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Debt Securities Available For Sale Writeoff
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Debt Securities Available For Sale Writeoff
DebtSecuritiesAvailableForSaleWriteoff
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Transfers Accounted For As Secured Borrowings Associated Liabilities Carrying Amount
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Transfers Accounted For As Secured Borrowings Associated Liabilities Carrying Amount
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Securities Lending Reinvestment Portfolio Estimated Fair Value
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Net Unrealized Investment Gains Losses Included In Accumulated Other Comprehensive Income Loss Related To Debt Securities That Were Temporarily Impaired
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Net Unrealized Investment Gains Losses Included In Accumulated Other Comprehensive Income Loss Subtotal Of Investment Gains Losses Components
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Net Unrealized Investment Gains Losses Included In Accumulated Other Comprehensive Income Loss Related To Deferred Income Tax Benefit Expense
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Net Unrealized Investment Gains Losses Included In Accumulated Other Comprehensive Income Loss
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Net Unrealized Investment Gains Losses Included In Accumulated Other Comprehensive Income Loss
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Changes In Net Unrealized Investment Gains Losses Related To Unrealized Investment Gains Losses During Period
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bhf |
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bhf |
Income Tax Expense On Change In Unrealized Gain Or Loss
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Changes In Net Unrealized Investment Gains Losses Attributable To Company
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Securities Lending Reinvestment Portfolio Estimated Fair Value
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|
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CY2022Q4 | us-gaap |
Transfers Accounted For As Secured Borrowings Associated Liabilities Carrying Amount
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Securities Loaned Not Subject To Master Netting Arrangement
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|
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Percentageof Reinvestment Portfolio Invested In Liquid Assets
PercentageofReinvestmentPortfolioInvestedInLiquidAssets
|
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Deposit Assets
DepositAssets
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Deposit Assets
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Assets Held In Trust
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Assets Held In Trust
AssetsHeldInTrust
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Invested Assets Pledged As Collateral
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Invested Assets Pledged As Collateral
InvestedAssetsPledgedAsCollateral
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Invested Assets On Deposit Held In Trust And Pledged As Collateral
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Invested Assets On Deposit Held In Trust And Pledged As Collateral
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Gross Investment Income Operating
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us-gaap |
Gross Investment Income Operating
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CY2023Q2 | us-gaap |
Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
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CY2022Q2 | us-gaap |
Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
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Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
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Derivative Notional Amount
DerivativeNotionalAmount
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us-gaap |
Investment Income Investment Expense
InvestmentIncomeInvestmentExpense
|
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CY2023Q2 | us-gaap |
Net Investment Income
NetInvestmentIncome
|
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CY2022Q2 | us-gaap |
Net Investment Income
NetInvestmentIncome
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1061000000 | usd |
us-gaap |
Net Investment Income
NetInvestmentIncome
|
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us-gaap |
Net Investment Income
NetInvestmentIncome
|
2212000000 | usd | |
CY2023Q2 | us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
-64000000 | usd |
CY2022Q2 | us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
-66000000 | usd |
us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
-160000000 | usd | |
us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
-134000000 | usd | |
CY2023Q2 | us-gaap |
Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
|
505000000 | usd |
CY2022Q2 | us-gaap |
Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
|
1576000000 | usd |
us-gaap |
Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
|
1277000000 | usd | |
us-gaap |
Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
|
4115000000 | usd | |
CY2023Q2 | us-gaap |
Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
|
8000000 | usd |
CY2022Q2 | us-gaap |
Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
|
2000000 | usd |
us-gaap |
Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
|
11000000 | usd | |
us-gaap |
Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
|
46000000 | usd | |
CY2023Q2 | us-gaap |
Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
|
56000000 | usd |
CY2022Q2 | us-gaap |
Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
|
60000000 | usd |
us-gaap |
Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
|
129000000 | usd | |
us-gaap |
Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
|
143000000 | usd | |
CY2023Q2 | us-gaap |
Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
|
-48000000 | usd |
CY2022Q2 | us-gaap |
Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
|
-58000000 | usd |
us-gaap |
Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
|
-118000000 | usd | |
us-gaap |
Debt Securities Available For Sale Realized Gain Loss
DebtSecuritiesAvailableForSaleRealizedGainLoss
|
-97000000 | usd | |
CY2023Q2 | us-gaap |
Derivative Notional Amount
DerivativeNotionalAmount
|
142941000000 | usd |
CY2023Q2 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
3017000000 | usd |
CY2023Q2 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
3887000000 | usd |
CY2022Q4 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
2284000000 | usd |
CY2022Q4 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
3920000000 | usd |
CY2023Q2 | us-gaap |
Change In Unrealized Gain Loss On Hedged Item In Fair Value Hedge1
ChangeInUnrealizedGainLossOnHedgedItemInFairValueHedge1
|
-11000000 | usd |
CY2023Q2 | bhf |
Gains Losses Deferred In Accumulated Other Comprehensive Income Loss On Derivatives Effective Portion
GainsLossesDeferredInAccumulatedOtherComprehensiveIncomeLossOnDerivativesEffectivePortion
|
-50000000 | usd |
CY2022Q2 | us-gaap |
Change In Unrealized Gain Loss On Hedged Item In Fair Value Hedge1
ChangeInUnrealizedGainLossOnHedgedItemInFairValueHedge1
|
-34000000 | usd |
CY2022Q2 | bhf |
Gains Losses Deferred In Accumulated Other Comprehensive Income Loss On Derivatives Effective Portion
GainsLossesDeferredInAccumulatedOtherComprehensiveIncomeLossOnDerivativesEffectivePortion
|
265000000 | usd |
us-gaap |
Change In Unrealized Gain Loss On Hedged Item In Fair Value Hedge1
ChangeInUnrealizedGainLossOnHedgedItemInFairValueHedge1
|
-1000000 | usd | |
bhf |
Gains Losses Deferred In Accumulated Other Comprehensive Income Loss On Derivatives Effective Portion
GainsLossesDeferredInAccumulatedOtherComprehensiveIncomeLossOnDerivativesEffectivePortion
|
-90000000 | usd | |
us-gaap |
Change In Unrealized Gain Loss On Hedged Item In Fair Value Hedge1
ChangeInUnrealizedGainLossOnHedgedItemInFairValueHedge1
|
-41000000 | usd | |
bhf |
Gains Losses Deferred In Accumulated Other Comprehensive Income Loss On Derivatives Effective Portion
GainsLossesDeferredInAccumulatedOtherComprehensiveIncomeLossOnDerivativesEffectivePortion
|
284000000 | usd | |
us-gaap |
Maximum Length Of Time Hedged In Cash Flow Hedge1
MaximumLengthOfTimeHedgedInCashFlowHedge1
|
P1Y | ||
CY2022 | us-gaap |
Maximum Length Of Time Hedged In Cash Flow Hedge1
MaximumLengthOfTimeHedgedInCashFlowHedge1
|
P1Y | |
CY2023Q2 | bhf |
Derivative Aoci Associated With Cash Flow Hedges Pre Tax
DerivativeAOCIAssociatedWithCashFlowHedgesPreTax
|
544000000 | usd |
CY2022Q4 | bhf |
Derivative Aoci Associated With Cash Flow Hedges Pre Tax
DerivativeAOCIAssociatedWithCashFlowHedgesPreTax
|
638000000 | usd |
CY2023Q2 | us-gaap |
Credit Risk Derivatives At Fair Value Net
CreditRiskDerivativesAtFairValueNet
|
23000000 | usd |
CY2023Q2 | us-gaap |
Credit Derivative Maximum Exposure Undiscounted
CreditDerivativeMaximumExposureUndiscounted
|
1530000000 | usd |
us-gaap |
Derivative Average Remaining Maturity1
DerivativeAverageRemainingMaturity1
|
P3Y9M18D | ||
CY2022Q4 | us-gaap |
Credit Risk Derivatives At Fair Value Net
CreditRiskDerivativesAtFairValueNet
|
16000000 | usd |
CY2022Q4 | us-gaap |
Credit Derivative Maximum Exposure Undiscounted
CreditDerivativeMaximumExposureUndiscounted
|
1757000000 | usd |
CY2022 | us-gaap |
Derivative Average Remaining Maturity1
DerivativeAverageRemainingMaturity1
|
P4Y1M6D | |
CY2023Q2 | us-gaap |
Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
|
2873000000 | usd |
CY2023Q2 | us-gaap |
Derivative Asset Not Offset Policy Election Deduction
DerivativeAssetNotOffsetPolicyElectionDeduction
|
2106000000 | usd |
CY2023Q2 | us-gaap |
Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
|
516000000 | usd |
CY2023Q2 | us-gaap |
Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
|
251000000 | usd |
CY2023Q2 | bhf |
Derivative Asset Collateral Obligation To Return Securities Offset
DerivativeAssetCollateralObligationToReturnSecuritiesOffset
|
231000000 | usd |
CY2023Q2 | us-gaap |
Derivative Asset Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
|
20000000 | usd |
CY2023Q2 | us-gaap |
Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
|
3746000000 | usd |
CY2023Q2 | us-gaap |
Derivative Liability Not Offset Policy Election Deduction
DerivativeLiabilityNotOffsetPolicyElectionDeduction
|
2106000000 | usd |
CY2023Q2 | us-gaap |
Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
|
0 | usd |
CY2023Q2 | us-gaap |
Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
|
1640000000 | usd |
CY2023Q2 | bhf |
Derivative Liability Collateral Right To Reclaim Securities Offset
DerivativeLiabilityCollateralRightToReclaimSecuritiesOffset
|
1640000000 | usd |
CY2023Q2 | us-gaap |
Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
|
0 | usd |
CY2022Q4 | us-gaap |
Derivative Fair Value Of Derivative Asset Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral
|
2308000000 | usd |
CY2022Q4 | us-gaap |
Derivative Asset Not Offset Policy Election Deduction
DerivativeAssetNotOffsetPolicyElectionDeduction
|
1659000000 | usd |
CY2022Q4 | us-gaap |
Derivative Asset Collateral Obligation To Return Cash Offset
DerivativeAssetCollateralObligationToReturnCashOffset
|
640000000 | usd |
CY2022Q4 | us-gaap |
Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
|
9000000 | usd |
CY2022Q4 | bhf |
Derivative Asset Collateral Obligation To Return Securities Offset
DerivativeAssetCollateralObligationToReturnSecuritiesOffset
|
6000000 | usd |
CY2022Q4 | us-gaap |
Derivative Asset Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeAssetFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
|
3000000 | usd |
CY2022Q4 | us-gaap |
Derivative Fair Value Of Derivative Liability Amount Not Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountNotOffsetAgainstCollateral
|
3919000000 | usd |
CY2022Q4 | us-gaap |
Derivative Liability Not Offset Policy Election Deduction
DerivativeLiabilityNotOffsetPolicyElectionDeduction
|
1659000000 | usd |
CY2022Q4 | us-gaap |
Derivative Liability Collateral Right To Reclaim Cash Offset
DerivativeLiabilityCollateralRightToReclaimCashOffset
|
7000000 | usd |
CY2022Q4 | us-gaap |
Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
|
2253000000 | usd |
CY2022Q4 | bhf |
Derivative Liability Collateral Right To Reclaim Securities Offset
DerivativeLiabilityCollateralRightToReclaimSecuritiesOffset
|
2251000000 | usd |
CY2022Q4 | us-gaap |
Derivative Liability Fair Value Offset Against Collateral Net Of Not Subject To Master Netting Arrangement Policy Election
DerivativeLiabilityFairValueOffsetAgainstCollateralNetOfNotSubjectToMasterNettingArrangementPolicyElection
|
2000000 | usd |
CY2023Q2 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
-46000000 | usd |
CY2023Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-5881000000 | usd |
CY2022Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-2541000000 | usd |
CY2022Q2 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
|
-2147000000 | usd |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-10.77 | ||
CY2022Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
100000000 | shares |
CY2023Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
100000000 | shares |
CY2022Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
70100 | shares |
CY2023Q2 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
70100 | shares |
CY2022Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
70100 | shares |
CY2023Q2 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
70100 | shares |
CY2023Q2 | us-gaap |
Dividends Preferred Stock Cash
DividendsPreferredStockCash
|
25000000 | usd |
CY2022Q2 | us-gaap |
Dividends Preferred Stock Cash
DividendsPreferredStockCash
|
26000000 | usd |
us-gaap |
Dividends Preferred Stock Cash
DividendsPreferredStockCash
|
51000000 | usd | |
us-gaap |
Dividends Preferred Stock Cash
DividendsPreferredStockCash
|
53000000 | usd | |
CY2023Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-5288000000 | usd |
CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
|
-809000000 | usd |
CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Tax
OtherComprehensiveIncomeLossBeforeReclassificationsTax
|
170000000 | usd |
CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
-5927000000 | usd |
CY2023Q2 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
|
-57000000 | usd |
CY2023Q2 | us-gaap |
Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
|
11000000 | usd |
CY2022Q2 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Tax
OtherComprehensiveIncomeLossBeforeReclassificationsTax
|
451000000 | usd |
CY2022Q2 | us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
-4237000000 | usd |
CY2022Q2 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
|
-78000000 | usd |
CY2022Q2 | us-gaap |
Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
|
17000000 | usd |
CY2022Q2 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
-61000000 | usd |
CY2022Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-4176000000 | usd |
CY2022Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-6106000000 | usd |
us-gaap |
Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
|
163000000 | usd | |
us-gaap |
Other Comprehensive Income Loss Before Reclassifications Tax
OtherComprehensiveIncomeLossBeforeReclassificationsTax
|
-34000000 | usd | |
us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
-5977000000 | usd | |
us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
|
-121000000 | usd | |
us-gaap |
Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
|
25000000 | usd | |
us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
-96000000 | usd | |
CY2023Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-5881000000 | usd |
CY2021Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
47000000 | usd |
us-gaap |
Other Comprehensive Income Loss Before Reclassifications Before Tax
OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax
|
-5464000000 | usd | |
us-gaap |
Other Comprehensive Income Loss Before Reclassifications Tax
OtherComprehensiveIncomeLossBeforeReclassificationsTax
|
1147000000 | usd | |
us-gaap |
Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
|
-4270000000 | usd | |
us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
|
-119000000 | usd | |
us-gaap |
Reclassification From Aoci Current Period Tax
ReclassificationFromAociCurrentPeriodTax
|
25000000 | usd | |
us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
-94000000 | usd | |
CY2022Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-4176000000 | usd |
CY2023Q2 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
106000000 | usd |
CY2022Q2 | us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
80000000 | usd |
us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
204000000 | usd | |
us-gaap |
Labor And Related Expense
LaborAndRelatedExpense
|
165000000 | usd | |
CY2023Q2 | us-gaap |
Professional Fees
ProfessionalFees
|
79000000 | usd |
CY2022Q2 | us-gaap |
Professional Fees
ProfessionalFees
|
68000000 | usd |
us-gaap |
Professional Fees
ProfessionalFees
|
148000000 | usd | |
us-gaap |
Professional Fees
ProfessionalFees
|
124000000 | usd | |
CY2023Q2 | bhf |
Transition Services Agreements
TransitionServicesAgreements
|
8000000 | usd |
CY2022Q2 | bhf |
Transition Services Agreements
TransitionServicesAgreements
|
1000000 | usd |
bhf |
Transition Services Agreements
TransitionServicesAgreements
|
19000000 | usd | |
bhf |
Transition Services Agreements
TransitionServicesAgreements
|
29000000 | usd | |
CY2023Q2 | bhf |
Establishment Costs
EstablishmentCosts
|
0 | usd |
CY2022Q2 | bhf |
Establishment Costs
EstablishmentCosts
|
11000000 | usd |
bhf |
Establishment Costs
EstablishmentCosts
|
0 | usd | |
bhf |
Establishment Costs
EstablishmentCosts
|
26000000 | usd | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
43.27 | ||
CY2023Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-3.01 | |
CY2022Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
22.91 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-10.77 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
43.01 | ||
CY2022Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
187371 | shares |
CY2023Q2 | us-gaap |
Direct Taxes And Licenses Costs
DirectTaxesAndLicensesCosts
|
20000000 | usd |
CY2022Q2 | us-gaap |
Direct Taxes And Licenses Costs
DirectTaxesAndLicensesCosts
|
15000000 | usd |
us-gaap |
Direct Taxes And Licenses Costs
DirectTaxesAndLicensesCosts
|
34000000 | usd | |
us-gaap |
Direct Taxes And Licenses Costs
DirectTaxesAndLicensesCosts
|
28000000 | usd | |
CY2023Q2 | us-gaap |
Custody Fees
CustodyFees
|
92000000 | usd |
CY2022Q2 | us-gaap |
Custody Fees
CustodyFees
|
102000000 | usd |
us-gaap |
Custody Fees
CustodyFees
|
184000000 | usd | |
us-gaap |
Custody Fees
CustodyFees
|
216000000 | usd | |
CY2023Q2 | us-gaap |
Cost Of Goods And Services Sold Overhead
CostOfGoodsAndServicesSoldOverhead
|
143000000 | usd |
CY2022Q2 | us-gaap |
Cost Of Goods And Services Sold Overhead
CostOfGoodsAndServicesSoldOverhead
|
99000000 | usd |
us-gaap |
Cost Of Goods And Services Sold Overhead
CostOfGoodsAndServicesSoldOverhead
|
280000000 | usd | |
us-gaap |
Cost Of Goods And Services Sold Overhead
CostOfGoodsAndServicesSoldOverhead
|
245000000 | usd | |
CY2023Q2 | us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
38000000 | usd |
CY2022Q2 | us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
38000000 | usd |
us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
76000000 | usd | |
us-gaap |
Interest And Debt Expense
InterestAndDebtExpense
|
76000000 | usd | |
CY2023Q2 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
16000000 | usd |
CY2022Q2 | us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
178000000 | usd |
us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
35000000 | usd | |
us-gaap |
Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
|
192000000 | usd | |
CY2023Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
502000000 | usd |
CY2022Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
592000000 | usd |
us-gaap |
Operating Expenses
OperatingExpenses
|
980000000 | usd | |
us-gaap |
Operating Expenses
OperatingExpenses
|
1101000000 | usd | |
CY2023Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-200000000 | usd |
CY2022Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
1719000000 | usd |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-725000000 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
3277000000 | usd | |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
66722046 | shares |
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
74570237 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
67294437 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
75705755 | shares | |
CY2023Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
0 | shares |
CY2022Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
401421 | shares |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
0 | shares | |
us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
454716 | shares | |
CY2023Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
66722046 | shares |
CY2022Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
74971658 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
67294437 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
76160471 | shares | |
CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-3.01 | |
CY2022Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
23.04 | |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
187371 | shares | |
CY2023Q2 | us-gaap |
Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
|
98000000 | usd |
CY2022Q4 | us-gaap |
Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
|
1000000 | usd |
CY2023Q2 | us-gaap |
Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
|
1000000 | usd |
CY2023Q2 | bhf |
Investment Hedge Adjustment
InvestmentHedgeAdjustment
|
-23000000 | usd |
CY2022Q2 | bhf |
Investment Hedge Adjustment
InvestmentHedgeAdjustment
|
-9000000 | usd |
bhf |
Investment Hedge Adjustment
InvestmentHedgeAdjustment
|
-61000000 | usd | |
bhf |
Investment Hedge Adjustment
InvestmentHedgeAdjustment
|
-15000000 | usd | |
CY2023Q2 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2023Q2 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2023Q2 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2023Q2 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false |