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Schedule V - Valuation and Qualifying Accounts
12 Months Ended
Dec. 31, 2016
Valuation and Qualifying Accounts [Abstract]  
Schedule V - Valuation and Qualifying Accounts
PRUDENTIAL FINANCIAL, INC.
Schedule V
Valuation and Qualifying Accounts
For the Years Ended December 31, 2016, 2015 and 2014
(in millions)
 
 
 
Additions
 
 
 
 
 
 
Description
Balance at
Beginning
of Period
 
Charged to
Costs and
Expenses
 
Other
 
Deductions
 
Effect of
Foreign
Exchange Rates
 
Balance
at End
of Period
2016
 
 
 
 
 
 
 
 
 
 
 
Allowance for losses on commercial mortgage and other loans
$
112

 
$
0

 
$
0

 
$
7

(1)
$
1

 
$
106

Valuation allowance on deferred tax asset
133

 
68

 
(1
)
 
36

 
(1
)
 
163

 
$
245

 
$
68

 
$
(1
)
 
$
43

 
$
0

 
$
269

2015
 
 
 
 
 
 
 
 
 
 
 
Allowance for losses on commercial mortgage and other loans
$
119

 
$
0

 
$
0

 
$
7

(1)
$
0

 
$
112

Valuation allowance on deferred tax asset
277

 
38

 
(3
)
 
178

 
(1
)
 
133

 
$
396

 
$
38

 
$
(3
)
 
$
185

 
$
(1
)
 
$
245

2014
 
 
 
 
 
 
 
 
 
 
 
Allowance for losses on commercial mortgage and other loans
$
216

 
$
0

 
$
0

 
$
96

(1)
$
(1
)
 
$
119

Valuation allowance on deferred tax asset
235

 
44

 
0

 
0

 
(2
)
 
277

 
$
451

 
$
44

 
$
0

 
$
96

 
$
(3
)
 
$
396

 __________
(1)
Represents net release of allowance for losses and charge-offs, net of recoveries.