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Shareholders' Equity (Tables)
 3 Months Ended
Mar. 31, 2018
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
First Quarter 2018

 
Net Unrealized
Gains (Losses) on Investments with no OTTI
 
Net Unrealized
Gains (Losses) on Investments with OTTI
 
Net Unrealized Gains (Losses) on FG VIE Liabilities with Recourse due to ISCR
 
Cumulative
Translation
Adjustment
 
Cash Flow 
Hedge
 
Total 
Accumulated
Other
Comprehensive
Income
 
(in millions)
Balance, December 31, 2017
$
273

 
$
120

 
$
—

 
$
(29
)
 
$
8

 
$
372

Effect of adoption of ASU 2016-01 (see Note 1)
1

 
—

 
(33
)
 
—

 
—

 
(32
)
Other comprehensive income (loss) before reclassifications
(122
)
 
(11
)
 
(4
)
 
6

 
—

 
(131
)
Amounts reclassified from AOCI to:
 
 
 
 
 
 
 
 
 
 
 
Net realized investment gains (losses)
(6
)
 
11

 
—

 
—

 
—

 
5

Net investment income
—

 
—

 
—

 
—

 
—

 
—

Fair value gains (losses) on FG VIEs
—

 
—

 
3

 
—

 
0

 
3

Interest expense
—

 
—

 
—

 
—

 
0

 
0

Total before tax
(6
)
 
11

 
3

 
—

 
0

 
8

Tax (provision) benefit
0

 
(2
)
 
(1
)
 
—

 
0

 
(3
)
Total amount reclassified from AOCI, net of tax
(6
)
 
9

 
2

 
—

 
0

 
5

Net current period other comprehensive income (loss)
(128
)
 
(2
)
 
(2
)
 
6

 
0

 
(126
)
Balance, March 31, 2018
$
146

 
$
118

 
$
(35
)
 
$
(23
)
 
$
8

 
$
214



Changes in Accumulated Other Comprehensive Income by Component
First Quarter 2017

 
Net Unrealized
Gains (Losses) on
Investments with no OTTI
 
Net Unrealized
Gains (Losses) on
Investments with OTTI
 
Cumulative
Translation
Adjustment
 
Cash Flow 
Hedge
 
Total 
Accumulated
Other
Comprehensive
Income
 
(in millions)
Balance, December 31, 2016
$
171

 
$
10

 
$
(39
)
 
$
7

 
$
149

Other comprehensive income (loss) before reclassifications
44

 
50

 
2

 
—

 
96

Amounts reclassified from AOCI to:
 
 
 
 
 
 
 
 
 
Net realized investment gains (losses)
(41
)
 
9

 
—

 
—

 
(32
)
Net investment income
(28
)
 
—

 
—

 
—

 
(28
)
Interest expense
—

 
—

 
—

 
0

 
0

Total before tax
(69
)
 
9

 
—

 
0

 
(60
)
Tax (provision) benefit
24

 
(3
)
 
—

 
0

 
21

Total amount reclassified from AOCI, net of tax
(45
)
 
6

 
—

 
0

 
(39
)
Net current period other comprehensive income (loss)
(1
)
 
56

 
2

 
0

 
57

Balance, March 31, 2017
$
170

 
$
66

 
$
(37
)
 
$
7

 
$
206
Schedule of Share Repurchases

Share Repurchases

Period
 
Number of Shares Repurchased
 
Total Payments
(in millions)
 
Average Price Paid Per Share
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 - December 31, 2017)
 
1,934,990

 
70

 
36.18

Total 2017
 
12,669,643

 
$
501

 
$
39.57

2018 (January 1 - March 31)
 
2,787,936

 
98

 
35.20

2018 (April 1 - through May 4, 2018)
 
1,427,026

 
53

 
36.91

Total 2018
 
4,214,962

 
$
151

 
$
35.78

Cumulative repurchases since the beginning of 2013
 
85,527,812

 
$
2,367

 
$
27.68