(9) Changes in Other Comprehensive Income (Loss)

The following tables show the changes in OCI, net of taxes, by component as of and for the periods indicated:


(Amounts in millions)	Net unrealized investment gains (losses) ⁽¹⁾			Derivatives qualifying as hedges ⁽²⁾			Foreign currency translation and other adjustments			Total
Balances as of April 1, 2013	$	2,443		$	1,799		$	582		$	4,824
OCI before reclassifications		(1,173	)		(213	)		(353	)		(1,739	)
Amounts reclassified from OCI		(17	)		(5	)		—			(22	)

Current period OCI		(1,190	)		(218	)		(353	)		(1,761	)

Balances as of June 30, 2013 before noncontrolling interests		1,253			1,581			229			3,063

Less: change in OCI attributable to noncontrolling interests		(41	)		—			(38	)		(79	)

Balances as of June 30, 2013	$	1,294		$	1,581		$	267		$	3,142

⁽¹⁾	Net of adjustments to deferred acquisition costs, present value of future profits, sales inducements and benefit reserves. See note 4 for additional information.

⁽²⁾	See note 5 for additional information.


(Amounts in millions)	Net unrealized investment gains (losses) ⁽¹⁾		Derivatives qualifying as hedges ⁽²⁾			Foreign currency translation and other adjustments			Total
Balances as of April 1, 2012	$	1,327	$	1,680		$	649		$	3,656
OCI before reclassifications		668		412			(119	)		961
Amounts reclassified from OCI		24		(5	)		—			19

Current period OCI		692		407			(119	)		980

Balances as of June 30, 2012 before noncontrolling interests		2,019		2,087			530			4,636

Less: change in OCI attributable to noncontrolling interests		3		—			(20	)		(17	)

Balances as of June 30, 2012	$	2,016	$	2,087		$	550		$	4,653

⁽¹⁾	Net of adjustments to deferred acquisition costs, present value of future profits, sales inducements and benefit reserves. See note 4 for additional information.

⁽²⁾	See note 5 for additional information.


(Amounts in millions)	Net unrealized investment gains (losses) ⁽¹⁾			Derivatives qualifying as hedges ⁽²⁾			Foreign currency translation and other adjustments			Total
Balances as of January 1, 2013	$	2,638		$	1,909		$	655		$	5,202
OCI before reclassifications		(1,389	)		(315	)		(457	)		(2,161	)
Amounts reclassified from OCI		8			(13	)		—			(5	)

Current period OCI		(1,381	)		(328	)		(457	)		(2,166	)

Balances as of June 30, 2013 before noncontrolling interests		1,257			1,581			198			3,036

Less: change in OCI attributable to noncontrolling interests		(37	)		—			(69	)		(106	)

Balances as of June 30, 2013	$	1,294		$	1,581		$	267		$	3,142

⁽¹⁾	Net of adjustments to deferred acquisition costs, present value of future profits, sales inducements and benefit reserves. See note 4 for additional information.

⁽²⁾	See note 5 for additional information.


(Amounts in millions)	Net unrealized investment gains (losses) ⁽¹⁾			Derivatives qualifying as hedges⁽²⁾			Foreign currency translation and other adjustments			Total
Balances as of January 1, 2012	$	1,485		$	2,009		$	553		$	4,047
OCI before reclassifications		504			90			(3	)		591
Amounts reclassified from OCI		24			(12	)		—			12

Current period OCI		528			78			(3	)		603

Balances as of June 30, 2012 before noncontrolling interests		2,013			2,087			550			4,650

Less: change in OCI attributable to noncontrolling interests		(3	)		—			—			(3	)

Balances as of June 30, 2012	$	2,016		$	2,087		$	550		$	4,653

⁽¹⁾	Net of adjustments to deferred acquisition costs, present value of future profits, sales inducements and benefit reserves. See note 4 for additional information.

⁽²⁾	See note 5 for additional information.

The foreign currency translation and other adjustments balance included $26 million and $20 million, respectively, net of $13 million and $11 million of taxes, respectively, related to a net unrecognized postretirement benefit obligation as of June 30, 2013 and 2012. Amount also included $42 million and $48 million of taxes, respectively, related to foreign currency translation adjustments as of June 30, 2013 and 2012.

The following table shows reclassifications out of accumulated other comprehensive income (loss), net of taxes, for the periods presented:


(Amounts in millions)	Amount reclassified from accumulated other comprehensive income												Affected line item in the consolidated statements of income
	Three months ended June 30,						Six months ended June 30,
	2013			2012			2013			2012
Net unrealized investment gains (losses):
Unrealized gains (losses) on investments ⁽¹⁾	$	(26	)	$	37		$	12		$	37		Net investment gains (losses)
Provision for income taxes		9			(13	)		(4	)		(13	)	Provision for income taxes

Total	$	(17	)	$	24		$	8		$	24

Derivatives qualifying as hedges:
Interest rate swaps hedging assets	$	(10	)	$	(10	)	$	(19	)	$	(19	)	Net investment income
Interest rate swaps hedging assets		(1	)		—			(1	)		(1	)	Net investment gains (losses)
Interest rate swaps hedging liabilities		—			(1	)		(1	)		(1	)	Interest expense
Inflation indexed swaps		5			9			2			9		Net investment income
Provision for income taxes		1			(3	)		6			—		Provision for income taxes

Total	$	(5	)	$	(5	)	$	(13	)	$	(12	)

⁽¹⁾	Amounts exclude adjustments to deferred acquisition costs, present value of future profits, sales inducements and benefit reserves.