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Valuation allowances as of December 31, 2024 primarily relate to tax credits, capital loss carryforwards, and income tax loss carryforwards of $ 1.2 billion. If these items are not utilized against taxable income, $ 520 of the income tax loss carryforwards will expire from 2025 through 2044. The remaining $ 724 has no ... | text | 520 | monetaryItemType | text: <entity> 520 </entity> <entity type> monetaryItemType </entity type> <context> Valuation allowances as of December 31, 2024 primarily relate to tax credits, capital loss carryforwards, and income tax loss carryforwards of $ 1.2 billion. If these items are not utilized against taxable income, $ 520 of the income t... | us-gaap:OperatingLossCarryforwards |
As of December 31, 2024, we have accumulated undistributed earnings generated by our foreign subsidiaries of approximately $ 10.6 billion. Earnings of | text | 10.6 | monetaryItemType | text: <entity> 10.6 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, we have accumulated undistributed earnings generated by our foreign subsidiaries of approximately $ 10.6 billion. Earnings of </context> | us-gaap:UndistributedEarningsOfForeignSubsidiaries |
were previously subject to U.S. federal income tax. Any additional taxes due with respect to such previously-taxed foreign earnings, if repatriated, would generally be limited to foreign and U.S. state income taxes. Deferred taxes have been recorded on $ 932 of earnings of foreign consolidated subsidiaries expected to ... | text | 932 | monetaryItemType | text: <entity> 932 </entity> <entity type> monetaryItemType </entity type> <context> were previously subject to U.S. federal income tax. Any additional taxes due with respect to such previously-taxed foreign earnings, if repatriated, would generally be limited to foreign and U.S. state income taxes. Deferred taxes have... | us-gaap:DeferredTaxLiabilitiesUndistributedForeignEarnings |
We recognize accrued interest and penalties related to unrecognized income tax benefits in Provision for income taxes. The net impact of interest and penalties for the years ended December 31, 2024, 2023, and 2022 was not significant. Total accrued penalties and net accrued interest was $ 54 and $ 45 as of December 31,... | text | 54 | monetaryItemType | text: <entity> 54 </entity> <entity type> monetaryItemType </entity type> <context> We recognize accrued interest and penalties related to unrecognized income tax benefits in Provision for income taxes. The net impact of interest and penalties for the years ended December 31, 2024, 2023, and 2022 was not significant. T... | us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued |
We recognize accrued interest and penalties related to unrecognized income tax benefits in Provision for income taxes. The net impact of interest and penalties for the years ended December 31, 2024, 2023, and 2022 was not significant. Total accrued penalties and net accrued interest was $ 54 and $ 45 as of December 31,... | text | 45 | monetaryItemType | text: <entity> 45 </entity> <entity type> monetaryItemType </entity type> <context> We recognize accrued interest and penalties related to unrecognized income tax benefits in Provision for income taxes. The net impact of interest and penalties for the years ended December 31, 2024, 2023, and 2022 was not significant. T... | us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued |
Options outstanding not included in the computation of diluted EPS because their exercise price was greater than the average market price of the common shares were insignificant. The number of common shares outstanding as of December 31, 2024, 2023 and 2022 was 331.8 million, | text | 331.8 | sharesItemType | text: <entity> 331.8 </entity> <entity type> sharesItemType </entity type> <context> Options outstanding not included in the computation of diluted EPS because their exercise price was greater than the average market price of the common shares were insignificant. The number of common shares outstanding as of December 3... | us-gaap:CommonStockSharesOutstanding |
Net sales in the U.S. to third parties totaled $ 10.4 billion in 2024 and 2023 and $ 9.8 billion in 2022. No other individual country's net sales exceed 10% of consolidated net sales. | text | 9.8 | monetaryItemType | text: <entity> 9.8 </entity> <entity type> monetaryItemType </entity type> <context> Net sales in the U.S. to third parties totaled $ 10.4 billion in 2024 and 2023 and $ 9.8 billion in 2022. No other individual country's net sales exceed 10% of consolidated net sales. </context> | us-gaap:Revenues |
Net sales to Walmart Inc. as a percent of our consolidated net sales were approximately 14 % in 2024 and 13 % in 2023 and 2022. Net sales to Walmart Inc. were primarily in the NA segment. | text | 14 | percentItemType | text: <entity> 14 </entity> <entity type> percentItemType </entity type> <context> Net sales to Walmart Inc. as a percent of our consolidated net sales were approximately 14 % in 2024 and 13 % in 2023 and 2022. Net sales to Walmart Inc. were primarily in the NA segment. </context> | us-gaap:ConcentrationRiskPercentage1 |
ompany. As of December 31, 2024, our ownership interest in Kimberly-Clark de Mexico, S.A.B. de C.V. and subsidiaries ("KCM") was 47.9 %. KCM is partially owned by the public, and its stock is publicly traded in Mexico. As of December 31, 2024, our investment in this equity company was $ 256 , and the estimated fair val... | text | 47.9 | percentItemType | text: <entity> 47.9 </entity> <entity type> percentItemType </entity type> <context> ompany. As of December 31, 2024, our ownership interest in Kimberly-Clark de Mexico, S.A.B. de C.V. and subsidiaries ("KCM") was 47.9 %. KCM is partially owned by the public, and its stock is publicly traded in Mexico. As of December 3... | us-gaap:EquityMethodInvestmentOwnershipPercentage |
ompany. As of December 31, 2024, our ownership interest in Kimberly-Clark de Mexico, S.A.B. de C.V. and subsidiaries ("KCM") was 47.9 %. KCM is partially owned by the public, and its stock is publicly traded in Mexico. As of December 31, 2024, our investment in this equity company was $ 256 , and the estimated fair val... | text | 256 | monetaryItemType | text: <entity> 256 </entity> <entity type> monetaryItemType </entity type> <context> ompany. As of December 31, 2024, our ownership interest in Kimberly-Clark de Mexico, S.A.B. de C.V. and subsidiaries ("KCM") was 47.9 %. KCM is partially owned by the public, and its stock is publicly traded in Mexico. As of December 3... | us-gaap:EquityMethodInvestments |
ompany. As of December 31, 2024, our ownership interest in Kimberly-Clark de Mexico, S.A.B. de C.V. and subsidiaries ("KCM") was 47.9 %. KCM is partially owned by the public, and its stock is publicly traded in Mexico. As of December 31, 2024, our investment in this equity company was $ 256 , and the estimated fair val... | text | 2.0 | monetaryItemType | text: <entity> 2.0 </entity> <entity type> monetaryItemType </entity type> <context> ompany. As of December 31, 2024, our ownership interest in Kimberly-Clark de Mexico, S.A.B. de C.V. and subsidiaries ("KCM") was 47.9 %. KCM is partially owned by the public, and its stock is publicly traded in Mexico. As of December 3... | us-gaap:EquityMethodInvestmentsFairValueDisclosure |
As of December 31, 2024, undistributed net income of equity companies included in consolidated retained earnings was $ 1.2 billion. | text | 1.2 | monetaryItemType | text: <entity> 1.2 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2024, undistributed net income of equity companies included in consolidated retained earnings was $ 1.2 billion. </context> | us-gaap:RetainedEarningsUndistributedEarningsFromEquityMethodInvestees |
Property, plant and equipment, net in the U.S. as of December 31, 2024 and 2023 was $ 4.4 billion. Depreciation expense was $ 773 , $ 740 and $ 739 for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 773 | monetaryItemType | text: <entity> 773 </entity> <entity type> monetaryItemType </entity type> <context> Property, plant and equipment, net in the U.S. as of December 31, 2024 and 2023 was $ 4.4 billion. Depreciation expense was $ 773 , $ 740 and $ 739 for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:Depreciation |
Property, plant and equipment, net in the U.S. as of December 31, 2024 and 2023 was $ 4.4 billion. Depreciation expense was $ 773 , $ 740 and $ 739 for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 740 | monetaryItemType | text: <entity> 740 </entity> <entity type> monetaryItemType </entity type> <context> Property, plant and equipment, net in the U.S. as of December 31, 2024 and 2023 was $ 4.4 billion. Depreciation expense was $ 773 , $ 740 and $ 739 for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:Depreciation |
Property, plant and equipment, net in the U.S. as of December 31, 2024 and 2023 was $ 4.4 billion. Depreciation expense was $ 773 , $ 740 and $ 739 for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 739 | monetaryItemType | text: <entity> 739 </entity> <entity type> monetaryItemType </entity type> <context> Property, plant and equipment, net in the U.S. as of December 31, 2024 and 2023 was $ 4.4 billion. Depreciation expense was $ 773 , $ 740 and $ 739 for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:Depreciation |
We currently operate in one reportable segment which represents our core business of offering financing programs that enable Dealers to sell vehicles to consumers regardless of their credit history. For information regarding our one reportable segment and related entity wide disclosures, see Note 15 to the consolidated... | text | one | integerItemType | text: <entity> one </entity> <entity type> integerItemType </entity type> <context> We currently operate in one reportable segment which represents our core business of offering financing programs that enable Dealers to sell vehicles to consumers regardless of their credit history. For information regarding our one rep... | us-gaap:NumberOfReportableSegments |
Cash equivalents consist of readily marketable securities with original maturities at the date of acquisition of three months or less. As of December 31, 2023 and 2022, we had $ 12.8 million and $ 7.1 million, respectively, in cash and cash equivalents that were not insured by the Federal Deposit Insurance Corporation ... | text | 12.8 | monetaryItemType | text: <entity> 12.8 </entity> <entity type> monetaryItemType </entity type> <context> Cash equivalents consist of readily marketable securities with original maturities at the date of acquisition of three months or less. As of December 31, 2023 and 2022, we had $ 12.8 million and $ 7.1 million, respectively, in cash an... | us-gaap:CashUninsuredAmount |
Cash equivalents consist of readily marketable securities with original maturities at the date of acquisition of three months or less. As of December 31, 2023 and 2022, we had $ 12.8 million and $ 7.1 million, respectively, in cash and cash equivalents that were not insured by the Federal Deposit Insurance Corporation ... | text | 7.1 | monetaryItemType | text: <entity> 7.1 </entity> <entity type> monetaryItemType </entity type> <context> Cash equivalents consist of readily marketable securities with original maturities at the date of acquisition of three months or less. As of December 31, 2023 and 2022, we had $ 12.8 million and $ 7.1 million, respectively, in cash and... | us-gaap:CashUninsuredAmount |
Restricted cash and cash equivalents consist of cash pledged as collateral for secured financings and cash held in a trust for future vehicle service contract claims. As of December 31, 2023 and 2022, we had $ 453.7 million and $ 406.5 million, respectively, in restricted cash and cash equivalents that were not insured... | text | 453.7 | monetaryItemType | text: <entity> 453.7 </entity> <entity type> monetaryItemType </entity type> <context> Restricted cash and cash equivalents consist of cash pledged as collateral for secured financings and cash held in a trust for future vehicle service contract claims. As of December 31, 2023 and 2022, we had $ 453.7 million and $ 406... | us-gaap:CashUninsuredAmount |
Restricted cash and cash equivalents consist of cash pledged as collateral for secured financings and cash held in a trust for future vehicle service contract claims. As of December 31, 2023 and 2022, we had $ 453.7 million and $ 406.5 million, respectively, in restricted cash and cash equivalents that were not insured... | text | 406.5 | monetaryItemType | text: <entity> 406.5 </entity> <entity type> monetaryItemType </entity type> <context> Restricted cash and cash equivalents consist of cash pledged as collateral for secured financings and cash held in a trust for future vehicle service contract claims. As of December 31, 2023 and 2022, we had $ 453.7 million and $ 406... | us-gaap:CashUninsuredAmount |
We sponsor a 401(k) plan that covers substantially all of our team members. We offer matching contributions to the 401(k) plan based on each enrolled team members’ eligible annual gross pay (subject to statutory limitations). Our matching contribution rate is equal to 100 % of the first 4 % participants contribute and ... | text | 100 | percentItemType | text: <entity> 100 </entity> <entity type> percentItemType </entity type> <context> We sponsor a 401(k) plan that covers substantially all of our team members. We offer matching contributions to the 401(k) plan based on each enrolled team members’ eligible annual gross pay (subject to statutory limitations). Our matchi... | us-gaap:DefinedContributionPlanEmployerMatchingContributionPercentOfMatch |
We sponsor a 401(k) plan that covers substantially all of our team members. We offer matching contributions to the 401(k) plan based on each enrolled team members’ eligible annual gross pay (subject to statutory limitations). Our matching contribution rate is equal to 100 % of the first 4 % participants contribute and ... | text | 4 | percentItemType | text: <entity> 4 </entity> <entity type> percentItemType </entity type> <context> We sponsor a 401(k) plan that covers substantially all of our team members. We offer matching contributions to the 401(k) plan based on each enrolled team members’ eligible annual gross pay (subject to statutory limitations). Our matching... | us-gaap:DefinedContributionPlanEmployerMatchingContributionPercent |
We sponsor a 401(k) plan that covers substantially all of our team members. We offer matching contributions to the 401(k) plan based on each enrolled team members’ eligible annual gross pay (subject to statutory limitations). Our matching contribution rate is equal to 100 % of the first 4 % participants contribute and ... | text | 5 | percentItemType | text: <entity> 5 </entity> <entity type> percentItemType </entity type> <context> We sponsor a 401(k) plan that covers substantially all of our team members. We offer matching contributions to the 401(k) plan based on each enrolled team members’ eligible annual gross pay (subject to statutory limitations). Our matching... | us-gaap:DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent |
We sponsor a 401(k) plan that covers substantially all of our team members. We offer matching contributions to the 401(k) plan based on each enrolled team members’ eligible annual gross pay (subject to statutory limitations). Our matching contribution rate is equal to 100 % of the first 4 % participants contribute and ... | text | 9.4 | monetaryItemType | text: <entity> 9.4 </entity> <entity type> monetaryItemType </entity type> <context> We sponsor a 401(k) plan that covers substantially all of our team members. We offer matching contributions to the 401(k) plan based on each enrolled team members’ eligible annual gross pay (subject to statutory limitations). Our match... | us-gaap:DefinedContributionPlanCostRecognized |
We sponsor a 401(k) plan that covers substantially all of our team members. We offer matching contributions to the 401(k) plan based on each enrolled team members’ eligible annual gross pay (subject to statutory limitations). Our matching contribution rate is equal to 100 % of the first 4 % participants contribute and ... | text | 8.5 | monetaryItemType | text: <entity> 8.5 </entity> <entity type> monetaryItemType </entity type> <context> We sponsor a 401(k) plan that covers substantially all of our team members. We offer matching contributions to the 401(k) plan based on each enrolled team members’ eligible annual gross pay (subject to statutory limitations). Our match... | us-gaap:DefinedContributionPlanCostRecognized |
We sponsor a 401(k) plan that covers substantially all of our team members. We offer matching contributions to the 401(k) plan based on each enrolled team members’ eligible annual gross pay (subject to statutory limitations). Our matching contribution rate is equal to 100 % of the first 4 % participants contribute and ... | text | 7.5 | monetaryItemType | text: <entity> 7.5 </entity> <entity type> monetaryItemType </entity type> <context> We sponsor a 401(k) plan that covers substantially all of our team members. We offer matching contributions to the 401(k) plan based on each enrolled team members’ eligible annual gross pay (subject to statutory limitations). Our match... | us-gaap:DefinedContributionPlanCostRecognized |
Advertising costs are expensed as incurred. Advertising expenses were $ 0.5 million for the year ended December 31, 2023, $ 1.0 million for the year ended December 31, 2022, and $ 0.3 million for the year ended December 31, 2021. | text | 0.5 | monetaryItemType | text: <entity> 0.5 </entity> <entity type> monetaryItemType </entity type> <context> Advertising costs are expensed as incurred. Advertising expenses were $ 0.5 million for the year ended December 31, 2023, $ 1.0 million for the year ended December 31, 2022, and $ 0.3 million for the year ended December 31, 2021. </con... | us-gaap:AdvertisingExpense |
Advertising costs are expensed as incurred. Advertising expenses were $ 0.5 million for the year ended December 31, 2023, $ 1.0 million for the year ended December 31, 2022, and $ 0.3 million for the year ended December 31, 2021. | text | 1.0 | monetaryItemType | text: <entity> 1.0 </entity> <entity type> monetaryItemType </entity type> <context> Advertising costs are expensed as incurred. Advertising expenses were $ 0.5 million for the year ended December 31, 2023, $ 1.0 million for the year ended December 31, 2022, and $ 0.3 million for the year ended December 31, 2021. </con... | us-gaap:AdvertisingExpense |
Advertising costs are expensed as incurred. Advertising expenses were $ 0.5 million for the year ended December 31, 2023, $ 1.0 million for the year ended December 31, 2022, and $ 0.3 million for the year ended December 31, 2021. | text | 0.3 | monetaryItemType | text: <entity> 0.3 </entity> <entity type> monetaryItemType </entity type> <context> Advertising costs are expensed as incurred. Advertising expenses were $ 0.5 million for the year ended December 31, 2023, $ 1.0 million for the year ended December 31, 2022, and $ 0.3 million for the year ended December 31, 2021. </con... | us-gaap:AdvertisingExpense |
Depreciation expense on property and equipment was $ 8.9 million, $ 9.0 million, and $ 9.7 million for the years ended December 31, 2023, 2022, and 2021, respectively. | text | 8.9 | monetaryItemType | text: <entity> 8.9 </entity> <entity type> monetaryItemType </entity type> <context> Depreciation expense on property and equipment was $ 8.9 million, $ 9.0 million, and $ 9.7 million for the years ended December 31, 2023, 2022, and 2021, respectively. </context> | us-gaap:Depreciation |
Depreciation expense on property and equipment was $ 8.9 million, $ 9.0 million, and $ 9.7 million for the years ended December 31, 2023, 2022, and 2021, respectively. | text | 9.0 | monetaryItemType | text: <entity> 9.0 </entity> <entity type> monetaryItemType </entity type> <context> Depreciation expense on property and equipment was $ 8.9 million, $ 9.0 million, and $ 9.7 million for the years ended December 31, 2023, 2022, and 2021, respectively. </context> | us-gaap:Depreciation |
Depreciation expense on property and equipment was $ 8.9 million, $ 9.0 million, and $ 9.7 million for the years ended December 31, 2023, 2022, and 2021, respectively. | text | 9.7 | monetaryItemType | text: <entity> 9.7 </entity> <entity type> monetaryItemType </entity type> <context> Depreciation expense on property and equipment was $ 8.9 million, $ 9.0 million, and $ 9.7 million for the years ended December 31, 2023, 2022, and 2021, respectively. </context> | us-gaap:Depreciation |
Excludes deferred debt issuance costs of $ 4.2 million and $ 3.9 million as of December 31, 2023 and December 31, 2022, respectively, which are included in other assets. | text | 4.2 | monetaryItemType | text: <entity> 4.2 </entity> <entity type> monetaryItemType </entity type> <context> Excludes deferred debt issuance costs of $ 4.2 million and $ 3.9 million as of December 31, 2023 and December 31, 2022, respectively, which are included in other assets. </context> | us-gaap:UnamortizedDebtIssuanceExpense |
Excludes deferred debt issuance costs of $ 4.2 million and $ 3.9 million as of December 31, 2023 and December 31, 2022, respectively, which are included in other assets. | text | 3.9 | monetaryItemType | text: <entity> 3.9 </entity> <entity type> monetaryItemType </entity type> <context> Excludes deferred debt issuance costs of $ 4.2 million and $ 3.9 million as of December 31, 2023 and December 31, 2022, respectively, which are included in other assets. </context> | us-gaap:UnamortizedDebtIssuanceExpense |
We have two revolving secured lines of credit: (1) a $ 390.0 million revolving secured line of credit facility, to which we refer as our revolving secured line of credit facility, with a commercial bank syndicate and (2) an uncommitted $20.0 million revolving secured line of credit facility, to which we refer as the RT... | text | 390.0 | monetaryItemType | text: <entity> 390.0 </entity> <entity type> monetaryItemType </entity type> <context> We have two revolving secured lines of credit: (1) a $ 390.0 million revolving secured line of credit facility, to which we refer as our revolving secured line of credit facility, with a commercial bank syndicate and (2) an uncommitt... | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
We have five Warehouse facilities with total borrowing capacity of $ 1,175.0 million. Each of the facilities is with a different lender or group of lenders. Under each Warehouse facility, we can convey Loans to the applicable wholly owned subsidiary in return for cash and/or an increase in the value of our equity in su... | text | 1175.0 | monetaryItemType | text: <entity> 1175.0 </entity> <entity type> monetaryItemType </entity type> <context> We have five Warehouse facilities with total borrowing capacity of $ 1,175.0 million. Each of the facilities is with a different lender or group of lenders. Under each Warehouse facility, we can convey Loans to the applicable wholly... | us-gaap:DebtInstrumentFaceAmount |
On March 7, 2019, we issued $ 400.0 million aggregate principal amount of 6.625 % senior notes due 2026 (the “2026 senior notes”). The 2026 senior notes were issued pursuant to an indenture, dated as of March 7, 2019, among the Company, as issuer, the Guarantors and the trustee under the indenture. | text | 400.0 | monetaryItemType | text: <entity> 400.0 </entity> <entity type> monetaryItemType </entity type> <context> On March 7, 2019, we issued $ 400.0 million aggregate principal amount of 6.625 % senior notes due 2026 (the “2026 senior notes”). The 2026 senior notes were issued pursuant to an indenture, dated as of March 7, 2019, among the Compa... | us-gaap:SeniorLongTermNotes |
On March 7, 2019, we issued $ 400.0 million aggregate principal amount of 6.625 % senior notes due 2026 (the “2026 senior notes”). The 2026 senior notes were issued pursuant to an indenture, dated as of March 7, 2019, among the Company, as issuer, the Guarantors and the trustee under the indenture. | text | 6.625 | percentItemType | text: <entity> 6.625 </entity> <entity type> percentItemType </entity type> <context> On March 7, 2019, we issued $ 400.0 million aggregate principal amount of 6.625 % senior notes due 2026 (the “2026 senior notes”). The 2026 senior notes were issued pursuant to an indenture, dated as of March 7, 2019, among the Compan... | us-gaap:DebtInstrumentInterestRateEffectivePercentage |
The 2026 senior notes mature on March 15, 2026 and bear interest at a rate of 6.625 % per annum, computed on the basis of a 360-day year composed of twelve 30-day months and payable semi-annually on March 15 and September 15 of each year, beginning on September 15, 2019. We used the net proceeds from the offering of th... | text | 6.625 | percentItemType | text: <entity> 6.625 </entity> <entity type> percentItemType </entity type> <context> The 2026 senior notes mature on March 15, 2026 and bear interest at a rate of 6.625 % per annum, computed on the basis of a 360-day year composed of twelve 30-day months and payable semi-annually on March 15 and September 15 of each y... | us-gaap:DebtInstrumentInterestRateEffectivePercentage |
We have a $ 9.0 million mortgage note with a commercial bank that is secured by a first mortgage lien on a building acquired by us and an assignment of all leases, rents, revenues, and profits under all present and future leases of the building. The note matures on August 6, 2028, and bears interest at BSBY plus 150 ba... | text | 9.0 | monetaryItemType | text: <entity> 9.0 </entity> <entity type> monetaryItemType </entity type> <context> We have a $ 9.0 million mortgage note with a commercial bank that is secured by a first mortgage lien on a building acquired by us and an assignment of all leases, rents, revenues, and profits under all present and future leases of the... | us-gaap:DebtInstrumentFaceAmount |
We have a $ 9.0 million mortgage note with a commercial bank that is secured by a first mortgage lien on a building acquired by us and an assignment of all leases, rents, revenues, and profits under all present and future leases of the building. The note matures on August 6, 2028, and bears interest at BSBY plus 150 ba... | text | 150 | percentItemType | text: <entity> 150 </entity> <entity type> percentItemType </entity type> <context> We have a $ 9.0 million mortgage note with a commercial bank that is secured by a first mortgage lien on a building acquired by us and an assignment of all leases, rents, revenues, and profits under all present and future leases of the ... | us-gaap:DebtInstrumentBasisSpreadOnVariableRate1 |
The interest rate caps have not been designated as hedging instruments. As of December 31, 2023 and 2022, the interest rate caps had a fair value of $ 0.1 million and $ 2.0 million, respectively. | text | 0.1 | monetaryItemType | text: <entity> 0.1 </entity> <entity type> monetaryItemType </entity type> <context> The interest rate caps have not been designated as hedging instruments. As of December 31, 2023 and 2022, the interest rate caps had a fair value of $ 0.1 million and $ 2.0 million, respectively. </context> | us-gaap:DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral |
The interest rate caps have not been designated as hedging instruments. As of December 31, 2023 and 2022, the interest rate caps had a fair value of $ 0.1 million and $ 2.0 million, respectively. | text | 2.0 | monetaryItemType | text: <entity> 2.0 </entity> <entity type> monetaryItemType </entity type> <context> The interest rate caps have not been designated as hedging instruments. As of December 31, 2023 and 2022, the interest rate caps had a fair value of $ 0.1 million and $ 2.0 million, respectively. </context> | us-gaap:DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral |
The total amount of gross unrecognized tax benefits that, if recognized, would favorably affect our effective income tax rate in future periods was $ 61.0 million as of December 31, 2023. As of December 31, 2023, it is not possible to reasonably estimate the expected change to the total amount of unrecognized tax benef... | text | 61.0 | monetaryItemType | text: <entity> 61.0 </entity> <entity type> monetaryItemType </entity type> <context> The total amount of gross unrecognized tax benefits that, if recognized, would favorably affect our effective income tax rate in future periods was $ 61.0 million as of December 31, 2023. As of December 31, 2023, it is not possible to... | us-gaap:UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate |
The total amount of gross unrecognized tax benefits that, if recognized, would favorably affect our effective income tax rate in future periods was $ 61.0 million as of December 31, 2023. As of December 31, 2023, it is not possible to reasonably estimate the expected change to the total amount of unrecognized tax benef... | text | 15.1 | monetaryItemType | text: <entity> 15.1 </entity> <entity type> monetaryItemType </entity type> <context> The total amount of gross unrecognized tax benefits that, if recognized, would favorably affect our effective income tax rate in future periods was $ 61.0 million as of December 31, 2023. As of December 31, 2023, it is not possible to... | us-gaap:UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued |
The total amount of gross unrecognized tax benefits that, if recognized, would favorably affect our effective income tax rate in future periods was $ 61.0 million as of December 31, 2023. As of December 31, 2023, it is not possible to reasonably estimate the expected change to the total amount of unrecognized tax benef... | text | 13.2 | monetaryItemType | text: <entity> 13.2 </entity> <entity type> monetaryItemType </entity type> <context> The total amount of gross unrecognized tax benefits that, if recognized, would favorably affect our effective income tax rate in future periods was $ 61.0 million as of December 31, 2023. As of December 31, 2023, it is not possible to... | us-gaap:UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued |
Represents repurchases under authorizations by the board of directors for the repurchase of shares by us from time to time in the open market through privately negotiated transactions, through block trades, pursuant to trading plans adopted in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, or ot... | text | 1806007 | sharesItemType | text: <entity> 1806007 </entity> <entity type> sharesItemType </entity type> <context> Represents repurchases under authorizations by the board of directors for the repurchase of shares by us from time to time in the open market through privately negotiated transactions, through block trades, pursuant to trading plans ... | us-gaap:StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased |
Pursuant to our Amended and Restated Incentive Compensation Plan (the “Incentive Plan”), at any time prior to April 12, 2031, we can grant stock-based awards in the form of restricted stock, restricted stock units, and stock options to team members, officers, directors, and contractors. On April 10, 2023, our board of ... | text | 250000 | sharesItemType | text: <entity> 250000 </entity> <entity type> sharesItemType </entity type> <context> Pursuant to our Amended and Restated Incentive Compensation Plan (the “Incentive Plan”), at any time prior to April 12, 2031, we can grant stock-based awards in the form of restricted stock, restricted stock units, and stock options t... | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized |
Pursuant to our Amended and Restated Incentive Compensation Plan (the “Incentive Plan”), at any time prior to April 12, 2031, we can grant stock-based awards in the form of restricted stock, restricted stock units, and stock options to team members, officers, directors, and contractors. On April 10, 2023, our board of ... | text | 3000000 | sharesItemType | text: <entity> 3000000 </entity> <entity type> sharesItemType </entity type> <context> Pursuant to our Amended and Restated Incentive Compensation Plan (the “Incentive Plan”), at any time prior to April 12, 2031, we can grant stock-based awards in the form of restricted stock, restricted stock units, and stock options ... | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized |
Pursuant to our Amended and Restated Incentive Compensation Plan (the “Incentive Plan”), at any time prior to April 12, 2031, we can grant stock-based awards in the form of restricted stock, restricted stock units, and stock options to team members, officers, directors, and contractors. On April 10, 2023, our board of ... | text | 455100 | sharesItemType | text: <entity> 455100 </entity> <entity type> sharesItemType </entity type> <context> Pursuant to our Amended and Restated Incentive Compensation Plan (the “Incentive Plan”), at any time prior to April 12, 2031, we can grant stock-based awards in the form of restricted stock, restricted stock units, and stock options t... | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant |
The total intrinsic value of stock options exercised during 2023 was $ 2.8 million. Net cash proceeds from the exercise of stock options in 2023 was $ 5.2 million. | text | 2.8 | monetaryItemType | text: <entity> 2.8 </entity> <entity type> monetaryItemType </entity type> <context> The total intrinsic value of stock options exercised during 2023 was $ 2.8 million. Net cash proceeds from the exercise of stock options in 2023 was $ 5.2 million. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue |
The total intrinsic value of stock options exercised during 2023 was $ 2.8 million. Net cash proceeds from the exercise of stock options in 2023 was $ 5.2 million. | text | 5.2 | monetaryItemType | text: <entity> 5.2 </entity> <entity type> monetaryItemType </entity type> <context> The total intrinsic value of stock options exercised during 2023 was $ 2.8 million. Net cash proceeds from the exercise of stock options in 2023 was $ 5.2 million. </context> | us-gaap:ProceedsFromStockOptionsExercised |
The grant-date weighted average fair value of RSUs granted in 2023, 2022, and 2021 was $ 454.04 , $ 488.27 , and $ 366.07 , respectively. The total intrinsic value of RSUs converted to common stock during 2023, 2022, and 2021 was $ 84.8 million, $ 27.5 million, and $ 7.9 million, respectively. During 2021, we recognize... | text | 454.04 | perShareItemType | text: <entity> 454.04 </entity> <entity type> perShareItemType </entity type> <context> The grant-date weighted average fair value of RSUs granted in 2023, 2022, and 2021 was $ 454.04 , $ 488.27 , and $ 366.07 , respectively. The total intrinsic value of RSUs converted to common stock during 2023, 2022, and 2021 was $ ... | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue |
The grant-date weighted average fair value of RSUs granted in 2023, 2022, and 2021 was $ 454.04 , $ 488.27 , and $ 366.07 , respectively. The total intrinsic value of RSUs converted to common stock during 2023, 2022, and 2021 was $ 84.8 million, $ 27.5 million, and $ 7.9 million, respectively. During 2021, we recognize... | text | 488.27 | perShareItemType | text: <entity> 488.27 </entity> <entity type> perShareItemType </entity type> <context> The grant-date weighted average fair value of RSUs granted in 2023, 2022, and 2021 was $ 454.04 , $ 488.27 , and $ 366.07 , respectively. The total intrinsic value of RSUs converted to common stock during 2023, 2022, and 2021 was $ ... | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue |
The grant-date weighted average fair value of RSUs granted in 2023, 2022, and 2021 was $ 454.04 , $ 488.27 , and $ 366.07 , respectively. The total intrinsic value of RSUs converted to common stock during 2023, 2022, and 2021 was $ 84.8 million, $ 27.5 million, and $ 7.9 million, respectively. During 2021, we recognize... | text | 366.07 | perShareItemType | text: <entity> 366.07 </entity> <entity type> perShareItemType </entity type> <context> The grant-date weighted average fair value of RSUs granted in 2023, 2022, and 2021 was $ 454.04 , $ 488.27 , and $ 366.07 , respectively. The total intrinsic value of RSUs converted to common stock during 2023, 2022, and 2021 was $ ... | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue |
The grant-date weighted average fair value of RSUs granted in 2023, 2022, and 2021 was $ 454.04 , $ 488.27 , and $ 366.07 , respectively. The total intrinsic value of RSUs converted to common stock during 2023, 2022, and 2021 was $ 84.8 million, $ 27.5 million, and $ 7.9 million, respectively. During 2021, we recognize... | text | 3.0 | monetaryItemType | text: <entity> 3.0 </entity> <entity type> monetaryItemType </entity type> <context> The grant-date weighted average fair value of RSUs granted in 2023, 2022, and 2021 was $ 454.04 , $ 488.27 , and $ 366.07 , respectively. The total intrinsic value of RSUs converted to common stock during 2023, 2022, and 2021 was $ 84.... | us-gaap:ShareBasedCompensation |
The grant-date weighted average fair value of RSUs granted in 2023, 2022, and 2021 was $ 454.04 , $ 488.27 , and $ 366.07 , respectively. The total intrinsic value of RSUs converted to common stock during 2023, 2022, and 2021 was $ 84.8 million, $ 27.5 million, and $ 7.9 million, respectively. During 2021, we recognize... | text | 31000 | sharesItemType | text: <entity> 31000 </entity> <entity type> sharesItemType </entity type> <context> The grant-date weighted average fair value of RSUs granted in 2023, 2022, and 2021 was $ 454.04 , $ 488.27 , and $ 366.07 , respectively. The total intrinsic value of RSUs converted to common stock during 2023, 2022, and 2021 was $ 84.... | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeitures |
Prior to 2020, we granted performance-based and time-based shares of restricted stock to team members in accordance with the Incentive Plan. As of December 31, 2023 and December 31, 2022, there were no unvested shares of restricted stock. During 2021, we recognized an $ 8.5 million reversal of stock-based compensation ... | text | 8.5 | monetaryItemType | text: <entity> 8.5 </entity> <entity type> monetaryItemType </entity type> <context> Prior to 2020, we granted performance-based and time-based shares of restricted stock to team members in accordance with the Incentive Plan. As of December 31, 2023 and December 31, 2022, there were no unvested shares of restricted sto... | us-gaap:ShareBasedCompensation |
Prior to 2020, we granted performance-based and time-based shares of restricted stock to team members in accordance with the Incentive Plan. As of December 31, 2023 and December 31, 2022, there were no unvested shares of restricted stock. During 2021, we recognized an $ 8.5 million reversal of stock-based compensation ... | text | 109000 | sharesItemType | text: <entity> 109000 </entity> <entity type> sharesItemType </entity type> <context> Prior to 2020, we granted performance-based and time-based shares of restricted stock to team members in accordance with the Incentive Plan. As of December 31, 2023 and December 31, 2022, there were no unvested shares of restricted st... | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsForfeitures |
We identify operating segments as components of our business for which separate financial information is regularly evaluated by the chief operating decision-maker (“CODM”) in making decisions regarding resource allocation and assessing performance. We periodically review and redefine our segment reporting as internal m... | text | one | integerItemType | text: <entity> one </entity> <entity type> integerItemType </entity type> <context> We identify operating segments as components of our business for which separate financial information is regularly evaluated by the chief operating decision-maker (“CODM”) in making decisions regarding resource allocation and assessing ... | us-gaap:NumberOfOperatingSegments |
On October 2, 2020, a shareholder filed a putative class action complaint against the Company, its Chief Executive Officer (now former Chief Executive Officer), and its Chief Financial Officer (now Chief Executive Officer) in the United States District Court for the Eastern District of Michigan, Southern Division, alle... | text | 12.0 | monetaryItemType | text: <entity> 12.0 </entity> <entity type> monetaryItemType </entity type> <context> On October 2, 2020, a shareholder filed a putative class action complaint against the Company, its Chief Executive Officer (now former Chief Executive Officer), and its Chief Financial Officer (now Chief Executive Officer) in the Unit... | us-gaap:LossContingencyAccrualProvision |
On August 30, 2020, we were served with a complaint, filed by the Attorney General in Massachusetts Superior Court in Suffolk County, alleging that the Company engaged in unfair and deceptive trade practices in subprime auto lending, debt collection and asset-backed securitizations in the Commonwealth of Massachusetts,... | text | 27.2 | monetaryItemType | text: <entity> 27.2 </entity> <entity type> monetaryItemType </entity type> <context> On August 30, 2020, we were served with a complaint, filed by the Attorney General in Massachusetts Superior Court in Suffolk County, alleging that the Company engaged in unfair and deceptive trade practices in subprime auto lending, ... | us-gaap:LossContingencyAccrualProvision |
On August 30, 2020, we were served with a complaint, filed by the Attorney General in Massachusetts Superior Court in Suffolk County, alleging that the Company engaged in unfair and deceptive trade practices in subprime auto lending, debt collection and asset-backed securitizations in the Commonwealth of Massachusetts,... | text | 95000 | monetaryItemType | text: <entity> 95000 </entity> <entity type> monetaryItemType </entity type> <context> On August 30, 2020, we were served with a complaint, filed by the Attorney General in Massachusetts Superior Court in Suffolk County, alleging that the Company engaged in unfair and deceptive trade practices in subprime auto lending,... | us-gaap:LossContingencyAccrualAtCarryingValue |
We lease office equipment and, until December 31, 2022, we also leased office space. We expect that, in the normal course of business, leases will be renewed or replaced by other leases. Total rental expense on all operating leases was $ 1.2 million for 2023, $ 1.3 million for 2022, and $ 1.4 million for 2021. Conting... | text | 1.2 | monetaryItemType | text: <entity> 1.2 </entity> <entity type> monetaryItemType </entity type> <context> We lease office equipment and, until December 31, 2022, we also leased office space. We expect that, in the normal course of business, leases will be renewed or replaced by other leases. Total rental expense on all operating leases wa... | us-gaap:OperatingLeaseExpense |
We lease office equipment and, until December 31, 2022, we also leased office space. We expect that, in the normal course of business, leases will be renewed or replaced by other leases. Total rental expense on all operating leases was $ 1.2 million for 2023, $ 1.3 million for 2022, and $ 1.4 million for 2021. Conting... | text | 1.3 | monetaryItemType | text: <entity> 1.3 </entity> <entity type> monetaryItemType </entity type> <context> We lease office equipment and, until December 31, 2022, we also leased office space. We expect that, in the normal course of business, leases will be renewed or replaced by other leases. Total rental expense on all operating leases wa... | us-gaap:OperatingLeaseExpense |
We lease office equipment and, until December 31, 2022, we also leased office space. We expect that, in the normal course of business, leases will be renewed or replaced by other leases. Total rental expense on all operating leases was $ 1.2 million for 2023, $ 1.3 million for 2022, and $ 1.4 million for 2021. Conting... | text | 1.4 | monetaryItemType | text: <entity> 1.4 </entity> <entity type> monetaryItemType </entity type> <context> We lease office equipment and, until December 31, 2022, we also leased office space. We expect that, in the normal course of business, leases will be renewed or replaced by other leases. Total rental expense on all operating leases wa... | us-gaap:OperatingLeaseExpense |
As of December 31, 2023, Blackstone managed approximately $ 55.4 billion in book value of assets in our investment portfolio. | text | 55.4 | monetaryItemType | text: <entity> 55.4 </entity> <entity type> monetaryItemType </entity type> <context> As of December 31, 2023, Blackstone managed approximately $ 55.4 billion in book value of assets in our investment portfolio. </context> | us-gaap:AssetsUnderManagementCarryingAmount |
For the year ended December 31, 2023, there was an income tax benefit of $ 96 million on income from operations, resulting in an effective tax rate on income from operations of (10.2)%. | text | 96 | monetaryItemType | text: <entity> 96 </entity> <entity type> monetaryItemType </entity type> <context> For the year ended December 31, 2023, there was an income tax benefit of $ 96 million on income from operations, resulting in an effective tax rate on income from operations of (10.2)%. </context> | us-gaap:IncomeTaxExpenseBenefit |
As described in Notes 5, 15, and 16 to the consolidated financial statements, the total fair value of the individual retirement MRB assets and liabilities were $ 740 million and $ 5,225 million, respectively and the fair value of the embedded derivatives for certain guaranteed features on fixed index annuity contracts ... | text | 1.5 | monetaryItemType | text: <entity> 1.5 </entity> <entity type> monetaryItemType </entity type> <context> As described in Notes 5, 15, and 16 to the consolidated financial statements, the total fair value of the individual retirement MRB assets and liabilities were $ 740 million and $ 5,225 million, respectively and the fair value of the e... | us-gaap:PolicyholderContractDeposits |
Corebridge Financial, Inc. (“Corebridge Parent”) is a leading provider of retirement solutions and life insurance products in the United States. Our primary business operations consist of sales of individual and group annuities products, life insurance products to individuals and institutional markets products. Corebri... | text | 0.01 | perShareItemType | text: <entity> 0.01 </entity> <entity type> perShareItemType </entity type> <context> Corebridge Financial, Inc. (“Corebridge Parent”) is a leading provider of retirement solutions and life insurance products in the United States. Our primary business operations consist of sales of individual and group annuities produc... | us-gaap:CommonStockParOrStatedValuePerShare |
On September 19, 2022, we completed an initial public offering (the “IPO”) in which American International Group, Inc. (“AIG Parent”) sold 80.0 million shares of Corebridge Parent common stock to the public. Since our IPO, AIG has sold 159.8 million shares of Corebridge Parent common stock and we have repurchased 17.2 ... | text | 80.0 | monetaryItemType | text: <entity> 80.0 </entity> <entity type> monetaryItemType </entity type> <context> On September 19, 2022, we completed an initial public offering (the “IPO”) in which American International Group, Inc. (“AIG Parent”) sold 80.0 million shares of Corebridge Parent common stock to the public. Since our IPO, AIG has sol... | us-gaap:StockIssuedDuringPeriodValueNewIssues |
On September 19, 2022, we completed an initial public offering (the “IPO”) in which American International Group, Inc. (“AIG Parent”) sold 80.0 million shares of Corebridge Parent common stock to the public. Since our IPO, AIG has sold 159.8 million shares of Corebridge Parent common stock and we have repurchased 17.2 ... | text | 159.8 | monetaryItemType | text: <entity> 159.8 </entity> <entity type> monetaryItemType </entity type> <context> On September 19, 2022, we completed an initial public offering (the “IPO”) in which American International Group, Inc. (“AIG Parent”) sold 80.0 million shares of Corebridge Parent common stock to the public. Since our IPO, AIG has so... | us-gaap:StockIssuedDuringPeriodValueNewIssues |
On September 19, 2022, we completed an initial public offering (the “IPO”) in which American International Group, Inc. (“AIG Parent”) sold 80.0 million shares of Corebridge Parent common stock to the public. Since our IPO, AIG has sold 159.8 million shares of Corebridge Parent common stock and we have repurchased 17.2 ... | text | 17.2 | sharesItemType | text: <entity> 17.2 </entity> <entity type> sharesItemType </entity type> <context> On September 19, 2022, we completed an initial public offering (the “IPO”) in which American International Group, Inc. (“AIG Parent”) sold 80.0 million shares of Corebridge Parent common stock to the public. Since our IPO, AIG has sold ... | us-gaap:StockRepurchasedDuringPeriodShares |
On September 19, 2022, we completed an initial public offering (the “IPO”) in which American International Group, Inc. (“AIG Parent”) sold 80.0 million shares of Corebridge Parent common stock to the public. Since our IPO, AIG has sold 159.8 million shares of Corebridge Parent common stock and we have repurchased 17.2 ... | text | 52.2 | percentItemType | text: <entity> 52.2 </entity> <entity type> percentItemType </entity type> <context> On September 19, 2022, we completed an initial public offering (the “IPO”) in which American International Group, Inc. (“AIG Parent”) sold 80.0 million shares of Corebridge Parent common stock to the public. Since our IPO, AIG has sold... | us-gaap:MinorityInterestOwnershipPercentageByParent |
In connection with the Reorganization, Corebridge and AIG entered into agreements under which we purchased AIG Technologies, Inc. (“AIGT”) and Eastgreen, Inc. (“Eastgreen”) from AIG on February 28, 2022 for total consideration of $ 107 million. AIGT provides data processing, technology and infrastructure services to Co... | text | 107 | monetaryItemType | text: <entity> 107 </entity> <entity type> monetaryItemType </entity type> <context> In connection with the Reorganization, Corebridge and AIG entered into agreements under which we purchased AIG Technologies, Inc. (“AIGT”) and Eastgreen, Inc. (“Eastgreen”) from AIG on February 28, 2022 for total consideration of $ 107... | us-gaap:BusinessCombinationConsiderationTransferred1 |
On September 25, 2023 Corebridge announced that it has entered into a definitive agreement to sell AIG Life, to Aviva plc for a total consideration of £ 460 million in cash, subject to certain adjustments. The sale is expected to close in the first half of 2024, subject to customary closing conditions including regulat... | text | 460 | monetaryItemType | text: <entity> 460 </entity> <entity type> monetaryItemType </entity type> <context> On September 25, 2023 Corebridge announced that it has entered into a definitive agreement to sell AIG Life, to Aviva plc for a total consideration of £ 460 million in cash, subject to certain adjustments. The sale is expected to close... | us-gaap:ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries |
On October 31, 2023, Corebridge completed the sale of Laya to AXA and received gross proceeds (i.e., net cash before transaction costs) of € 691 million ($ 731 million), resulting in a pre-tax gain of $ 652 million. | text | 691 | monetaryItemType | text: <entity> 691 </entity> <entity type> monetaryItemType </entity type> <context> On October 31, 2023, Corebridge completed the sale of Laya to AXA and received gross proceeds (i.e., net cash before transaction costs) of € 691 million ($ 731 million), resulting in a pre-tax gain of $ 652 million. </context> | us-gaap:ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries |
On October 31, 2023, Corebridge completed the sale of Laya to AXA and received gross proceeds (i.e., net cash before transaction costs) of € 691 million ($ 731 million), resulting in a pre-tax gain of $ 652 million. | text | 731 | monetaryItemType | text: <entity> 731 </entity> <entity type> monetaryItemType </entity type> <context> On October 31, 2023, Corebridge completed the sale of Laya to AXA and received gross proceeds (i.e., net cash before transaction costs) of € 691 million ($ 731 million), resulting in a pre-tax gain of $ 652 million. </context> | us-gaap:ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries |
On October 31, 2023, Corebridge completed the sale of Laya to AXA and received gross proceeds (i.e., net cash before transaction costs) of € 691 million ($ 731 million), resulting in a pre-tax gain of $ 652 million. | text | 652 | monetaryItemType | text: <entity> 652 </entity> <entity type> monetaryItemType </entity type> <context> On October 31, 2023, Corebridge completed the sale of Laya to AXA and received gross proceeds (i.e., net cash before transaction costs) of € 691 million ($ 731 million), resulting in a pre-tax gain of $ 652 million. </context> | us-gaap:DisposalGroupNotDiscontinuedOperationGainLossOnDisposal |
On February 8, 2021, we announced the execution of a definitive agreement with Touchstone Investments, Inc. (“Touchstone”), an indirect wholly-owned subsidiary of Western & Southern Financial Group, to sell certain assets of our retail mutual funds business. This sale consisted of the reorganization of twelve of the re... | text | 103 | monetaryItemType | text: <entity> 103 </entity> <entity type> monetaryItemType </entity type> <context> On February 8, 2021, we announced the execution of a definitive agreement with Touchstone Investments, Inc. (“Touchstone”), an indirect wholly-owned subsidiary of Western & Southern Financial Group, to sell certain assets of our retail... | us-gaap:GainOnSaleOfInvestments |
On February 8, 2021, we announced the execution of a definitive agreement with Touchstone Investments, Inc. (“Touchstone”), an indirect wholly-owned subsidiary of Western & Southern Financial Group, to sell certain assets of our retail mutual funds business. This sale consisted of the reorganization of twelve of the re... | text | 6.8 | monetaryItemType | text: <entity> 6.8 </entity> <entity type> monetaryItemType </entity type> <context> On February 8, 2021, we announced the execution of a definitive agreement with Touchstone Investments, Inc. (“Touchstone”), an indirect wholly-owned subsidiary of Western & Southern Financial Group, to sell certain assets of our retail... | us-gaap:AssetsUnderManagementCarryingAmount |
On November 2, 2021, Argon Holdco LLC (“Argon”), a wholly-owned subsidiary of Blackstone, Inc. (“Blackstone”), acquired a 9.9 % position in our common stock and we entered into a long-term asset management relationship with Blackstone ISG-1 Advisors L.L.C (“Blackstone IM”). Blackstone IM initially managed $ 50 billion ... | text | 9.9 | percentItemType | text: <entity> 9.9 </entity> <entity type> percentItemType </entity type> <context> On November 2, 2021, Argon Holdco LLC (“Argon”), a wholly-owned subsidiary of Blackstone, Inc. (“Blackstone”), acquired a 9.9 % position in our common stock and we entered into a long-term asset management relationship with Blackstone I... | us-gaap:MinorityInterestOwnershipPercentageByNoncontrollingOwners |
On November 2, 2021, Argon Holdco LLC (“Argon”), a wholly-owned subsidiary of Blackstone, Inc. (“Blackstone”), acquired a 9.9 % position in our common stock and we entered into a long-term asset management relationship with Blackstone ISG-1 Advisors L.L.C (“Blackstone IM”). Blackstone IM initially managed $ 50 billion ... | text | 50 | monetaryItemType | text: <entity> 50 </entity> <entity type> monetaryItemType </entity type> <context> On November 2, 2021, Argon Holdco LLC (“Argon”), a wholly-owned subsidiary of Blackstone, Inc. (“Blackstone”), acquired a 9.9 % position in our common stock and we entered into a long-term asset management relationship with Blackstone I... | us-gaap:AssetsUnderManagementCarryingAmount |
On November 2, 2021, Argon Holdco LLC (“Argon”), a wholly-owned subsidiary of Blackstone, Inc. (“Blackstone”), acquired a 9.9 % position in our common stock and we entered into a long-term asset management relationship with Blackstone ISG-1 Advisors L.L.C (“Blackstone IM”). Blackstone IM initially managed $ 50 billion ... | text | 92.5 | monetaryItemType | text: <entity> 92.5 </entity> <entity type> monetaryItemType </entity type> <context> On November 2, 2021, Argon Holdco LLC (“Argon”), a wholly-owned subsidiary of Blackstone, Inc. (“Blackstone”), acquired a 9.9 % position in our common stock and we entered into a long-term asset management relationship with Blackstone... | us-gaap:AssetsUnderManagementCarryingAmount |
On November 2, 2021, Argon Holdco LLC (“Argon”), a wholly-owned subsidiary of Blackstone, Inc. (“Blackstone”), acquired a 9.9 % position in our common stock and we entered into a long-term asset management relationship with Blackstone ISG-1 Advisors L.L.C (“Blackstone IM”). Blackstone IM initially managed $ 50 billion ... | text | 55.4 | monetaryItemType | text: <entity> 55.4 </entity> <entity type> monetaryItemType </entity type> <context> On November 2, 2021, Argon Holdco LLC (“Argon”), a wholly-owned subsidiary of Blackstone, Inc. (“Blackstone”), acquired a 9.9 % position in our common stock and we entered into a long-term asset management relationship with Blackstone... | us-gaap:AssetsUnderManagementCarryingAmount |
On December 15, 2021, Corebridge and Blackstone Real Estate Income Trust (“BREIT”), a long-term, perpetual capital vehicle affiliated with Blackstone, completed the acquisition by BREIT of Corebridge’s interests in a U.S. affordable housing portfolio for $ 4.9 billion, in an all cash transaction, subject to certain adj... | text | 4.9 | monetaryItemType | text: <entity> 4.9 </entity> <entity type> monetaryItemType </entity type> <context> On December 15, 2021, Corebridge and Blackstone Real Estate Income Trust (“BREIT”), a long-term, perpetual capital vehicle affiliated with Blackstone, completed the acquisition by BREIT of Corebridge’s interests in a U.S. affordable ho... | us-gaap:ProceedsFromSaleOfRealEstate |
On December 15, 2021, Corebridge and Blackstone Real Estate Income Trust (“BREIT”), a long-term, perpetual capital vehicle affiliated with Blackstone, completed the acquisition by BREIT of Corebridge’s interests in a U.S. affordable housing portfolio for $ 4.9 billion, in an all cash transaction, subject to certain adj... | text | 3.0 | monetaryItemType | text: <entity> 3.0 </entity> <entity type> monetaryItemType </entity type> <context> On December 15, 2021, Corebridge and Blackstone Real Estate Income Trust (“BREIT”), a long-term, perpetual capital vehicle affiliated with Blackstone, completed the acquisition by BREIT of Corebridge’s interests in a U.S. affordable ho... | us-gaap:GainsLossesOnSalesOfInvestmentRealEstate |
On November 1, 2021, Corebridge Parent declared a dividend payable to AIG in the amount of $ 8.3 billion. In connection with that dividend, Corebridge Parent issued a promissory note to AIG Parent in the amount of $ 8.3 billion. The promissory note to AIG Parent was paid in full during 2022. | text | 8.3 | monetaryItemType | text: <entity> 8.3 </entity> <entity type> monetaryItemType </entity type> <context> On November 1, 2021, Corebridge Parent declared a dividend payable to AIG in the amount of $ 8.3 billion. In connection with that dividend, Corebridge Parent issued a promissory note to AIG Parent in the amount of $ 8.3 billion. The pr... | us-gaap:DividendsPayableCurrentAndNoncurrent |
Following the sale of AIG’s majority ownership interest in Fortitude Group Holdings, LLC (“Fortitude Holdings”) and a restructuring transaction involving Fortitude Holdings and FHG Parent, L.P. (“Fortitude Re Bermuda”), AIG retained a 3.5 % ownership interest in Fortitude Holdings and one seat on its Board of Managers.... | text | 3.5 | percentItemType | text: <entity> 3.5 </entity> <entity type> percentItemType </entity type> <context> Following the sale of AIG’s majority ownership interest in Fortitude Group Holdings, LLC (“Fortitude Holdings”) and a restructuring transaction involving Fortitude Holdings and FHG Parent, L.P. (“Fortitude Re Bermuda”), AIG retained a 3... | us-gaap:MinorityInterestOwnershipPercentageByParent |
Following the sale of AIG’s majority ownership interest in Fortitude Group Holdings, LLC (“Fortitude Holdings”) and a restructuring transaction involving Fortitude Holdings and FHG Parent, L.P. (“Fortitude Re Bermuda”), AIG retained a 3.5 % ownership interest in Fortitude Holdings and one seat on its Board of Managers.... | text | 2.46 | percentItemType | text: <entity> 2.46 </entity> <entity type> percentItemType </entity type> <context> Following the sale of AIG’s majority ownership interest in Fortitude Group Holdings, LLC (“Fortitude Holdings”) and a restructuring transaction involving Fortitude Holdings and FHG Parent, L.P. (“Fortitude Re Bermuda”), AIG retained a ... | us-gaap:MinorityInterestOwnershipPercentageByParent |
We adopted the FASB targeted improvements to the accounting for long-duration contracts (the “standard” or “LDTI”) on January 1, 2023 with a transition date of January 1, 2021 (“the transition date”). We adopted the standard using the modified retrospective transition method relating to liabilities for traditional and ... | text | 2.3 | monetaryItemType | text: <entity> 2.3 </entity> <entity type> monetaryItemType </entity type> <context> We adopted the FASB targeted improvements to the accounting for long-duration contracts (the “standard” or “LDTI”) on January 1, 2023 with a transition date of January 1, 2021 (“the transition date”). We adopted the standard using the ... | us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest |
We adopted the FASB targeted improvements to the accounting for long-duration contracts (the “standard” or “LDTI”) on January 1, 2023 with a transition date of January 1, 2021 (“the transition date”). We adopted the standard using the modified retrospective transition method relating to liabilities for traditional and ... | text | 1.2 | monetaryItemType | text: <entity> 1.2 </entity> <entity type> monetaryItemType </entity type> <context> We adopted the FASB targeted improvements to the accounting for long-duration contracts (the “standard” or “LDTI”) on January 1, 2023 with a transition date of January 1, 2021 (“the transition date”). We adopted the standard using the ... | us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest |
We report our results of operations as five reportable segments: | text | five | integerItemType | text: <entity> five </entity> <entity type> integerItemType </entity type> <context> We report our results of operations as five reportable segments: </context> | us-gaap:NumberOfReportableSegments |
Adjustments include Fortitude Re activity of $( 590 ) million, $ 6,841 million and $ 2,012 million for the years ended December 31, 2023, 2022 and 2021, respectively. | text | 590 | monetaryItemType | text: <entity> 590 </entity> <entity type> monetaryItemType </entity type> <context> Adjustments include Fortitude Re activity of $( 590 ) million, $ 6,841 million and $ 2,012 million for the years ended December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest |
Adjustments include Fortitude Re activity of $( 590 ) million, $ 6,841 million and $ 2,012 million for the years ended December 31, 2023, 2022 and 2021, respectively. | text | 6841 | monetaryItemType | text: <entity> 6841 </entity> <entity type> monetaryItemType </entity type> <context> Adjustments include Fortitude Re activity of $( 590 ) million, $ 6,841 million and $ 2,012 million for the years ended December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest |
Adjustments include Fortitude Re activity of $( 590 ) million, $ 6,841 million and $ 2,012 million for the years ended December 31, 2023, 2022 and 2021, respectively. | text | 2012 | monetaryItemType | text: <entity> 2012 </entity> <entity type> monetaryItemType </entity type> <context> Adjustments include Fortitude Re activity of $( 590 ) million, $ 6,841 million and $ 2,012 million for the years ended December 31, 2023, 2022 and 2021, respectively. </context> | us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest |
To further simplify Corebridge’s business model, on September 25, 2023, Corebridge announced that it entered into a definitive agreement to sell its subsidiary, AIG Life, to Aviva plc for £ 460 million in cash, subject to certain adjustments. The sale is expected to close in the first half of 2024, subject to regulator... | text | 460 | monetaryItemType | text: <entity> 460 </entity> <entity type> monetaryItemType </entity type> <context> To further simplify Corebridge’s business model, on September 25, 2023, Corebridge announced that it entered into a definitive agreement to sell its subsidiary, AIG Life, to Aviva plc for £ 460 million in cash, subject to certain adjus... | us-gaap:ProceedsFromDivestitureOfInterestInConsolidatedSubsidiaries |
We have elected fair value option on certain GICs recorded using discounted cash flow calculations based on interest rates currently being offered for similar contracts and our current market observable implicit credit spread rates with maturities consistent with those remaining for the contracts being valued. Obligati... | text | 5.04 | percentItemType | text: <entity> 5.04 </entity> <entity type> percentItemType </entity type> <context> We have elected fair value option on certain GICs recorded using discounted cash flow calculations based on interest rates currently being offered for similar contracts and our current market observable implicit credit spread rates wit... | us-gaap:LiabilityForPolicyholderContractDepositsInterestRate |
Includes investments in residential-backed mortgage securities (“RMBS”) issued by related parties of $ 36 million and $ 7 million classified as Level 2 and Level 3, respectively, as of December 31, 2023. Additionally, includes investments in RMBS issued by related parties of $ 37 million and $ 2 million classified as L... | text | 36 | monetaryItemType | text: <entity> 36 </entity> <entity type> monetaryItemType </entity type> <context> Includes investments in residential-backed mortgage securities (“RMBS”) issued by related parties of $ 36 million and $ 7 million classified as Level 2 and Level 3, respectively, as of December 31, 2023. Additionally, includes investmen... | us-gaap:DebtSecuritiesAvailableForSaleExcludingAccruedInterest |
Includes investments in residential-backed mortgage securities (“RMBS”) issued by related parties of $ 36 million and $ 7 million classified as Level 2 and Level 3, respectively, as of December 31, 2023. Additionally, includes investments in RMBS issued by related parties of $ 37 million and $ 2 million classified as L... | text | 7 | monetaryItemType | text: <entity> 7 </entity> <entity type> monetaryItemType </entity type> <context> Includes investments in residential-backed mortgage securities (“RMBS”) issued by related parties of $ 36 million and $ 7 million classified as Level 2 and Level 3, respectively, as of December 31, 2023. Additionally, includes investment... | us-gaap:DebtSecuritiesAvailableForSaleExcludingAccruedInterest |
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