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Consolidated Statement of Changes in Equity (Unaudited) - USD ($)
$ in Millions
Total
Total
Common Shares
Common Stock and Capital Surplus
Retained Earnings
Accumulated Other Comp. Income (Loss)
Noncontrolling interests
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Cumulative effect of accounting change $ 4 $ 4     $ 225 $ (221)  
Beginning Balance, shares at Dec. 31, 2017     88,275,460        
Beginning Balance at Dec. 31, 2017 5,331 5,330   $ 1,269 3,248 813 $ 1
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net earnings (losses) attributable to parent 559 559     559    
Net earnings (losses) including portion attributable to nonredeemable noncontrolling interest 558           (1)
Other comprehensive income (loss), attributable to parent   (548)       (548)  
Other comprehensive income (loss) including portion attributable to nonredeemable noncontrolling interest (548)            
Dividends (227) (227)     (227)    
Shares issued:              
Exercise of stock options, shares     635,364        
Exercise of stock options 23 23   23      
Restricted stock awards, shares     200,625        
Other benefit plans, shares     86,229        
Other benefit plans 10 10   10      
Dividend reinvestment plan, shares     21,072        
Dividend reinvestment plan 2 2   2      
Stock-based compensation expense 17 17   17      
Shares exchanged — benefit plans, shares     (26,520)        
Shares exchanged — benefit plans (3) (3)   (1) (2)    
Forfeitures of restricted stock, shares     (3,522)        
Other (3) (3)     (3)   0
Ending Balance, shares at Sep. 30, 2018     89,188,708        
Ending Balance at Sep. 30, 2018 5,164 5,164   1,320 3,800 44 0
Beginning Balance, Redeemable Noncontrolling Interests at Dec. 31, 2017 3            
Redeemable Noncontrolling Interest, Equity, Carrying Amount [Abstract]              
Net earnings attributable to redeemable noncontrolling interests (6)            
Other 3            
Ending Balance, Redeemable Noncontrolling Interests at Sep. 30, 2018 0            
Beginning Balance, shares at Jun. 30, 2018     89,072,114        
Beginning Balance at Jun. 30, 2018 5,084 5,084   1,309 3,628 147 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net earnings (losses) attributable to parent 204 204     204    
Net earnings (losses) including portion attributable to nonredeemable noncontrolling interest 204           0
Other comprehensive income (loss), attributable to parent   (103)       (103)  
Other comprehensive income (loss) including portion attributable to nonredeemable noncontrolling interest (103)            
Dividends (31) (31)     (31)    
Shares issued:              
Exercise of stock options, shares     103,638        
Exercise of stock options 4 4   4      
Restricted stock awards, shares     0        
Other benefit plans, shares     12,553        
Other benefit plans 2 2   2      
Dividend reinvestment plan, shares     3,066        
Dividend reinvestment plan 0 0   0      
Stock-based compensation expense 6 6   6      
Shares exchanged — benefit plans, shares     (2,210)        
Shares exchanged — benefit plans (1) (1)   (1) 0    
Forfeitures of restricted stock, shares     (453)        
Other (1) (1)     (1)   0
Ending Balance, shares at Sep. 30, 2018     89,188,708        
Ending Balance at Sep. 30, 2018 5,164 5,164   1,320 3,800 44 0
Beginning Balance, Redeemable Noncontrolling Interests at Jun. 30, 2018 0            
Redeemable Noncontrolling Interest, Equity, Carrying Amount [Abstract]              
Net earnings attributable to redeemable noncontrolling interests (1)            
Other 1            
Ending Balance, Redeemable Noncontrolling Interests at Sep. 30, 2018 $ 0            
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Cumulative effect of accounting change [1]           0  
Beginning Balance, shares at Dec. 31, 2018 89,291,724   89,291,724        
Beginning Balance at Dec. 31, 2018 $ 4,972 4,970   1,334 3,588 48 2
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net earnings (losses) attributable to parent 686 686     686    
Net earnings (losses) including portion attributable to nonredeemable noncontrolling interest 686           0
Other comprehensive income (loss), attributable to parent   869       869  
Other comprehensive income (loss) including portion attributable to nonredeemable noncontrolling interest 869            
Dividends (242) (242)     (242)    
Shares issued:              
Exercise of stock options, shares     591,233        
Exercise of stock options 25 25   25      
Restricted stock awards, shares     232,635        
Other benefit plans, shares     58,488        
Other benefit plans 6 6   6      
Dividend reinvestment plan, shares     11,059        
Dividend reinvestment plan 1 1   1      
Stock-based compensation expense 17 17   17      
Shares exchanged — benefit plans, shares     (47,069)        
Shares exchanged — benefit plans (5) (5)   (1) (4)    
Forfeitures of restricted stock, shares     (10,647)        
Other $ (8) (6)     (6)   (2)
Ending Balance, shares at Sep. 30, 2019 90,127,423   90,127,423        
Ending Balance at Sep. 30, 2019 $ 6,321 6,321   1,382 4,022 917 0
Beginning Balance, Redeemable Noncontrolling Interests at Dec. 31, 2018 0            
Redeemable Noncontrolling Interest, Equity, Carrying Amount [Abstract]              
Net earnings attributable to redeemable noncontrolling interests (8)            
Other comprehensive income (loss) attributable to redeemable noncontrolling interests 2            
Other 6            
Ending Balance, Redeemable Noncontrolling Interests at Sep. 30, 2019 0            
Beginning Balance, shares at Jun. 30, 2019     89,917,601        
Beginning Balance at Jun. 30, 2019 6,090 6,090   1,367 3,914 809 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net earnings (losses) attributable to parent 147 147     147    
Net earnings (losses) including portion attributable to nonredeemable noncontrolling interest 147           0
Other comprehensive income (loss), attributable to parent   108       108  
Other comprehensive income (loss) including portion attributable to nonredeemable noncontrolling interest 108            
Dividends (36) (36)     (36)    
Shares issued:              
Exercise of stock options, shares     191,227        
Exercise of stock options 8 8   8      
Restricted stock awards, shares     70        
Other benefit plans, shares     17,345        
Other benefit plans 2 2   2      
Dividend reinvestment plan, shares     1,570        
Dividend reinvestment plan 0 0   0      
Stock-based compensation expense 5 5   5      
Shares exchanged — benefit plans, shares     (80)        
Shares exchanged — benefit plans 0 0   0 0    
Forfeitures of restricted stock, shares     (310)        
Other $ (3) (3)     (3)   0
Ending Balance, shares at Sep. 30, 2019 90,127,423   90,127,423        
Ending Balance at Sep. 30, 2019 $ 6,321 $ 6,321   $ 1,382 $ 4,022 917 $ 0
Beginning Balance, Redeemable Noncontrolling Interests at Jun. 30, 2019 0            
Redeemable Noncontrolling Interest, Equity, Carrying Amount [Abstract]              
Net earnings attributable to redeemable noncontrolling interests (4)            
Other comprehensive income (loss) attributable to redeemable noncontrolling interests 1            
Other 3            
Ending Balance, Redeemable Noncontrolling Interests at Sep. 30, 2019 $ 0            
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Cumulative effect of accounting change [1]           $ 0  
[1]
On January 1, 2018, AFG adopted new guidance that requires all equity securities other than those accounted for under the equity method to be reported at fair value with holding gains and losses recognized in net earnings. At the date of adoption, the $221 million net unrealized gain on equity securities classified as available for sale (with unrealized holding gains and losses reported in AOCI) under the prior guidance was reclassified from AOCI to retained earnings as the cumulative effect of an accounting change.