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Shareholders' Equity (Tables)
 9 Months Ended
Sep. 30, 2017
Equity [Abstract]  
Changes in Accumulated Other Comprehensive Income by Component
The following tables present the changes in each component of AOCI and the effect of reclassifications out of AOCI on the respective line items in net income.

Changes in Accumulated Other Comprehensive Income by Component
Third Quarter 2017

 
Net Unrealized
Gains (Losses) on
Investments with no Other-Than-Temporary Impairment
 
Net Unrealized
Gains (Losses) on
Investments with Other-Than-Temporary Impairment
 
Cumulative
Translation
Adjustment
 
Cash Flow 
Hedge
 
Total 
Accumulated
Other
Comprehensive
Income
 
(in millions)
Balance, June 30, 2017
$
228

 
$
107

 
$
(27
)
 
$
7

 
$
315

Other comprehensive income (loss) before reclassifications
27

 
(15
)
 
3

 
—

 
15

Amounts reclassified from AOCI to:
 
 
 
 
 
 
 
 
 
Net realized investment gains (losses)
(24
)
 
17

 
—

 
—

 
(7
)
Net investment income
—

 
—

 
—

 
—

 
—

Interest expense
—

 
—

 
—

 
0

 
0

Total before tax
(24
)
 
17

 
—

 
0

 
(7
)
Tax (provision) benefit
9

 
(6
)
 
—

 
0

 
3

Total amount reclassified from AOCI, net of tax
(15
)
 
11

 
—

 
0

 
(4
)
Net current period other comprehensive income (loss)
12

 
(4
)
 
3

 
0

 
11

Balance, September 30, 2017
$
240

 
$
103

 
$
(24
)
 
$
7

 
$
326




Changes in Accumulated Other Comprehensive Income by Component
Third Quarter 2016

 
Net Unrealized
Gains (Losses) on
Investments with no Other-Than-Temporary Impairment
 
Net Unrealized
Gains (Losses) on
Investments with Other-Than-Temporary Impairment
 
Cumulative
Translation
Adjustment
 
Cash Flow 
Hedge
 
Total 
Accumulated
Other
Comprehensive
Income
 
(in millions)
Balance, June 30, 2016
$
426

 
$
(24
)
 
$
(26
)
 
$
7

 
$
383

Other comprehensive income (loss) before reclassifications
(33
)
 
13

 
(5
)
 
—

 
(25
)
Amounts reclassified from AOCI to:
 
 
 
 
 
 
 
 


Net realized investment gains (losses)
(3
)
 
4

 
—

 
—

 
1

Net investment income
—

 
—

 
—

 
—

 
—

Interest expense
—

 
—

 
—

 
0

 
0

Total before tax
(3
)
 
4

 
—

 
0

 
1

Tax (provision) benefit
0

 
(1
)
 
—

 
0

 
(1
)
Total amount reclassified from AOCI, net of tax
(3
)
 
3

 
—

 
0

 
—

Net current period other comprehensive income (loss)
(36
)
 
16

 
(5
)
 
0

 
(25
)
Balance, September 30, 2016
$
390

 
$
(8
)
 
$
(31
)
 
$
7

 
$
358
Schedule of Share Repurchases
The following table presents share repurchases since January 2016.

Share Repurchases

Period
 
Number of Shares Repurchased
 
Total Payments
(in millions)
 
Average Price Paid Per Share
2016 (January 1 - March 31)
 
3,038,928

 
$
75

 
$
24.69

2016 (April 1 - June 30)
 
2,331,474

 
60

 
25.73

2016 (July 1 - September 30)
 
2,050,229

 
55

 
26.83

2016 (October 1 - December 31, 2016)
 
3,300,617

 
116

 
35.09

Total 2016
 
10,721,248

 
306

 
28.53

2017 (January 1 - March 31)
 
5,430,041

 
216

 
39.83

2017 (April 1 - June 30, 2017)
 
3,456,711

 
135

 
39.05

2017 (July 1 - September 30, 2017)
 
1,847,901

 
$
80

 
43.29

2017 (October 1 - through November 2, 2017)
 
533,618

 
$
20

 
37.48

Total 2017
 
11,268,271

 
451

 
40.05

Cumulative repurchases since the beginning of 2013
 
79,911,478

 
2,166

 
27.11