Accumulated Other Comprehensive Income (Tables)

9 Months Ended

Sep. 30, 2020

A reconciliation of the components of accumulated other comprehensive loss at September 30, 2020 and 2019 is as follows:


	September 30
	2020		2019
Investments:
Gross unrealized gains	$	1,136	$	770
Gross unrealized losses	(245)		(54)
Net pre-tax unrealized gains	891		716
Deferred tax liability	(216)		(164)
Net unrealized gains on investments	675		552
Non-credit components of impairments on investments:
Unrealized losses	(11)		(5)
Deferred tax asset	3		1
Net unrealized non-credit component of impairments on investments	(8)		(4)
Cash flow hedges:
Gross unrealized losses	(319)		(340)
Deferred tax asset	67		63
Net unrealized losses on cash flow hedges	(252)		(277)
Defined benefit pension plans:
Deferred net actuarial loss	(695)		(730)
Deferred prior service credits	(1)		(1)
Deferred tax asset	178		188
Net unrecognized periodic benefit costs for defined benefit pension plans	(518)		(543)
Postretirement benefit plans:
Deferred net actuarial loss	(25)		(57)
Deferred prior service costs	14		25
Deferred tax asset	3		8
Net unrecognized periodic benefit costs for postretirement benefit plans	(8)		(24)
Foreign currency translation adjustments:
Gross unrealized losses	(1)		(4)
Deferred tax asset	—		1
Net unrealized losses on foreign currency translation adjustments	(1)		(3)
Accumulated other comprehensive loss	$	(112)	$	(299)

Other comprehensive income (loss) reclassification adjustments for the three months ended September 30, 2020 and 2019 are as follows:





	Three Months Ended September 30
	2020		2019
Investments:
Net holding gain on investment securities arising during the period, net of tax expense of ($43) and ($35), respectively	$	152	$	119
Reclassification adjustment for net realized loss on investment securities, net of tax expense of $10 and $1, respectively	(39)		(3)
Total reclassification adjustment on investments	113		116
Non-credit component of impairments on investments:
Non-credit component of impairments on investments, net of tax expense of ($5) and ($0), respectively	16		(1)
Cash flow hedges:
Holding gain (loss), net of tax expense of ($0) and ($2), respectively	4		(34)
Other:
Net change in unrecognized periodic benefit costs for defined benefit pension and postretirement benefit plans, net of tax expense of ($2) and ($1), respectively	8		4
Foreign currency translation adjustment, net of tax expense of ($1) and ($0), respectively	1		(1)
Net gain recognized in other comprehensive income, net of tax expense of ($41) and ($37), respectively	$	142	$	84

Other comprehensive income (loss) reclassification adjustments for the nine months ended September 30, 2020 and 2019 are as follows:


	Nine Months Ended September 30
	2020		2019
Investments:
Net holding gain on investment securities arising during the period, net of tax expense of ($68) and ($205), respectively	$	182	$	705
Reclassification adjustment for net realized (gain) loss on investment securities, net of tax expense (benefit) of $7 and ($1), respectively	(28)		6
Total reclassification adjustment on investments	154		711
Non-credit component of impairments on investments:
Non-credit component of impairments on investments, net of tax benefit of $2 and $0, respectively	(6)		(2)
Cash flow hedges:
Holding gain (loss), net of tax expense of ($2) and ($2), respectively	10		(31)
Other:
Net change in unrecognized periodic benefit costs for defined benefit pension and postretirement benefit plans, net of tax expense of ($9) and ($3), respectively	25		10
Foreign currency translation adjustment, net of tax expense of ($1) and ($0), respectively	1		(1)
Net gain recognized in other comprehensive income, net of tax expense of ($71) and ($211), respectively	$	184	$	687