Equity (Tables)

12 Months Ended

Dec. 31, 2013

The Company has outstanding two classes of common stock: the Common Stock and the Class B Stock. The changes in the
number of shares issued, held in treasury and outstanding are as follows for the periods indicated:

	Common Stock			Class B Stock
		Held In		Issued and
	Issued	Treasury	Outstanding	Outstanding

	(in millions)
Balance, December 31, 2010	660.1	176.3	483.8		2.0
Common Stock issued	0.0	0.0	0.0		0.0
Common Stock acquired	0.0	19.8	(19.8)		0.0
Stock-based compensation programs (1)	0.0	(4.0)	4.0		0.0
Balance, December 31, 2011	660.1	192.1	468.0		2.0
Common Stock issued	0.0	0.0	0.0		0.0
Common Stock acquired	0.0	11.5	(11.5)		0.0
Stock-based compensation programs (1)	0.0	(6.5)	6.5		0.0
Balance, December 31, 2012	660.1	197.1	463.0		2.0
Common Stock issued	0.0	0.0	0.0		0.0
Common Stock acquired	0.0	10.0	(10.0)		0.0
Stock-based compensation programs (1)	0.0	(8.1)	8.1		0.0
Balance, December 31, 2013	660.1	199.0	461.1		2.0

Represents net shares issued from treasury pursuant to the Company's stock-based compensation program.

Components of Accumulated Other Comprehensive Income

		Accumulated Other Comprehensive Income (Loss) Attributable to Prudential Financial, Inc.

		Foreign Currency Translation Adjustment		Net Unrealized Investment Gains (Losses) (1)		Pension and Postretirement Unrecognized Net Periodic Benefit (Cost)		Total Accumulated Other Comprehensive Income (Loss)

		(in millions)
Balance, December 31, 2010		$	866	$	3,245	$	(1,461)	$	2,650
Change in other comprehensive income
	before reclassifications		309		4,169		(385)		4,093
Amounts reclassified from AOCI			50		(335)		88		(197)
Income tax benefit (expense)			(118)		(1,274)		91		(1,301)

Balance, December 31, 2011			1,107		5,805		(1,667)		5,245
Change in other comprehensive income
	before reclassifications		(303)		8,596		(800)		7,493
Amounts reclassified from AOCI			6		36		101		143
Income tax benefit (expense)			118		(3,035)		250		(2,667)

Balance, December 31, 2012			928		11,402		(2,116)		10,214
Change in other comprehensive income
	before reclassifications		(1,465)		(1,239)		749		(1,955)
Amounts reclassified from AOCI			4		(289)		125		(160)
Income tax benefit (expense)			420		470		(308)		582
Balance, December 31, 2013		$	(113)	$	10,344	$	(1,550)	$	8,681

(1) Includes cash flow hedges of ($446) million, ($257) million and ($86) million as of December 31, 2013, 2012, and 2011, respectively.

Reclassification Out Of Accumulated Other Comprehensive Income


				Year Ended		Affected line item in Consolidated
				December 31, 2013		Statements of Operations

				(in millions)
Amounts reclassified from AOCI (1)(2):

Foreign currency translation adjustment:
	Foreign currency translation adjustment			$	0	Realized investment gains (losses), net
	Foreign currency translation adjustment				(4)	Other income
		Total foreign currency translation adjustment			(4)

Net unrealized investment gains (losses):
	Cash flow hedges - Interest Rate				(24)	(3)
	Cash flow hedges - Currency/Interest rate				(104)	(3)
	Net unrealized investment gains (losses)
	on available-for-sale securities				351
	Net unrealized investment gains (losses) - all other				66

		Total net unrealized investment gains (losses)			289	(4)

Amortization of defined benefit items:
	Prior service cost				22	(5)
	Actuarial gain (loss)				(147)	(5)
		Total amortization of defined benefit items			(125)

			Total reclassifications for the period	$	160

All amounts are shown before tax.
Positive amounts indicate gains/benefits reclassified out of AOCI. Negative amounts indicate losses/costs reclassified out of AOCI.
See Note 21 for additional information on cash flow hedges.
See table below for additional information on unrealized investment gains (losses), including the impact on deferred policy acquisition and other costs, future policy benefits and policyholders' dividends.
See Note 18 for information on employee benefit plans.

Net Unrealized Investment Gain (Loss) AOCI Rollforward


				Deferred
				Policy
				Acquisition								Accumulated
				Costs,		Future						Other
				Deferred		Policy						Comprehensive
		Net		Sales		Benefits						Income (Loss)
		Unrealized		Inducements,		and				Deferred		Related To Net
		Gains (Losses)		and Value		Policyholders'				Income Tax		Unrealized
		on		of Business		Account		Policyholders'		(Liability)		Investment
		Investments		Acquired		Balances		Dividends		Benefit		Gains (Losses)

		(in millions)
Balance, December 31, 2010		$	(849)	$	18	$	(5)	$	334	$	175	$	(327)
Net investment gains (losses) on
	investments arising during the
	period		(474)								166		(308)
Reclassification adjustment for (gains)
	losses included in net income		375								(131)		244
Reclassification adjustment for OTTI
	losses excluded from net income(1)		(55)								19		(36)
Impact of net unrealized investment
	(gains) losses on deferred policy
	acquisition costs, deferred sales
	inducements and value of
	business acquired				(5)						2		(3)
Impact of net unrealized investment
	(gains) losses on future policy
	benefits and policyholders'
	account balances						19				(7)		12
Impact of net unrealized investment
	(gains) losses on policyholders'
	dividends								132		(46)		86
Balance, December 31, 2011		$	(1,003)	$	13	$	14	$	466	$	178	$	(332)
Net investment gains (losses) on
	investments arising during the
	period		590								(207)		383
Reclassification adjustment for (gains)
	losses included in net income		312								(109)		203
Reclassification adjustment for OTTI
	losses excluded from net income(1)		(93)								33		(60)
Impact of net unrealized investment
	(gains) losses on deferred policy
	acquisition costs, deferred sales
	inducements and value of
	business acquired				(10)						4		(6)
Impact of net unrealized investment
	(gains) losses on future policy
	benefits and policyholders'
	account balances						(11)				5		(6)
Impact of net unrealized investment
	(gains) losses on policyholders'
	dividends								(327)		114		(213)
Balance, December 31, 2012		$	(194)	$	3	$	3	$	139	$	18	$	(31)
Net investment gains (losses) on
	investments arising during the
	period		242								(85)		157
Reclassification adjustment for (gains)
	losses included in net income		70								(25)		45
Reclassification adjustment for OTTI
	losses excluded from net income(1)		(8)								3		(5)
Impact of net unrealized investment
	(gains) losses on deferred policy
	acquisition costs, deferred sales
	inducements and value of
	business acquired				(8)						3		(5)
Impact of net unrealized investment
	(gains) losses on future policy
	benefits and policyholders'
	account balances						1						1
Impact of net unrealized investment
	(gains) losses on policyholders'
	dividends								(75)		26		(49)
Balance, December 31, 2013		$	110	$	(5)	$	4	$	64	$	(60)	$	113

Represents “transfers in” related to the portion of OTTI losses recognized during the period that were not recognized in earnings for securities with no prior OTTI loss.

All Other Net Unrealized Investment Gain (Loss) AOCI Rollforward

				Deferred
				Policy
				Acquisition								Accumulated
				Costs,		Future						Other
				Deferred		Policy						Comprehensive
		Net		Sales		Benefits						Income (Loss)
		Unrealized		Inducements,		and				Deferred		Related To Net
		Gains (Losses)		and Value		Policyholders'				Income Tax		Unrealized
		on		of Business		Account		Policyholders'		(Liability)		Investment
		Investments(1)		Acquired		Balances		Dividends		Benefit		Gains (Losses)

		(in millions)
Balance, December 31, 2010		$	9,261	$	(766)	$	(901)	$	(2,454)	$	(1,568)	$	3,572
Net investment gains (losses) on
	investments arising during the
	period		7,142								(2,449)		4,693
Reclassification adjustment for (gains)
	losses included in net income		(710)								250		(460)
Reclassification adjustment for OTTI
	losses excluded from net income(2)		55								(19)		36
Impact of net unrealized investment
	(gains) losses on deferred policy
	acquisition costs, deferred sales
	inducements and value of
	business acquired				(413)						141		(272)
Impact of net unrealized investment
	(gains) losses on future policy
	benefits and policyholders'
	account balances						(369)				129		(240)
Impact of net unrealized investment
	(gains) losses on policyholders'
	dividends								(1,865)		673		(1,192)
Balance, December 31, 2011		$	15,748	$	(1,179)	$	(1,270)	$	(4,319)	$	(2,843)	$	6,137
Net investment gains (losses) on
	investments arising during the
	period		9,586								(3,373)		6,213
Reclassification adjustment for (gains)
	losses included in net income		(276)								97		(179)
Reclassification adjustment for OTTI
	losses excluded from net income(2)		93								(32)		61
Impact of net unrealized investment
	(gains) losses on deferred policy
	acquisition costs, deferred sales
	inducements and value of
	business acquired				(49)						17		(32)
Impact of net unrealized investment
	(gains) losses on future policy
	benefits and policyholders'
	account balances						126				(43)		83
Impact of net unrealized investment
	(gains) losses on policyholders'
	dividends								(1,308)		458		(850)
Balance, December 31, 2012		$	25,151	$	(1,228)	$	(1,144)	$	(5,627)	$	(5,719)	$	11,433
Net investment gains (losses) on
	investments arising during the
	period		(4,306)								1,443		(2,863)
Reclassification adjustment for (gains)
	losses included in net income		(359)								126		(233)
Reclassification adjustment for OTTI
	losses excluded from net income(2)		8								(3)		5
Impact of net unrealized investment
	(gains) losses on deferred policy
	acquisition costs, deferred sales
	inducements and value of
	business acquired				509						(178)		331
Impact of net unrealized investment
	(gains) losses on future policy
	benefits and policyholders'
	account balances						465				(164)		301
Impact of net unrealized investment
	(gains) losses on policyholders'
	dividends								1,933		(676)		1,257
Balance, December 31, 2013		$	20,494	$	(719)	$	(679)	$	(3,694)	$	(5,171)	$	10,231

Includes cash flow hedges. See Note 21 for information on cash flow hedges.
Represents “transfers out” related to the portion of OTTI losses recognized during the period that were not recognized in earnings for securities with no prior OTTI loss.