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Equity (Tables)
 12 Months Ended
Dec. 31, 2013
Equity  
Common Stock Disclosure
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.