| Changes In Accumulated Other Comprehensive Income (Loss) |
(23) Changes In Accumulated Other Comprehensive Income
(Loss)
The following tables show the changes in accumulated other
comprehensive income (loss), 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 January 1, 2014
|
|
$ |
926 |
|
|
$ |
1,319 |
|
|
$ |
297 |
|
|
$ |
2,542 |
|
|
OCI before reclassifications
|
|
|
1,595 |
|
|
|
788 |
|
|
|
(537 |
) |
|
|
1,846 |
|
|
Amounts reclassified from (to) OCI
|
|
|
(12 |
) |
|
|
(37 |
) |
|
|
— |
|
|
|
(49 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current period OCI
|
|
|
1,583 |
|
|
|
751 |
|
|
|
(537 |
) |
|
|
1,797 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balances as of December 31, 2014 before noncontrolling
interests
|
|
|
2,509 |
|
|
|
2,070 |
|
|
|
(240 |
) |
|
|
4,339 |
|
|
Less: change in OCI attributable to noncontrolling interests
|
|
|
56 |
|
|
|
— |
|
|
|
(163 |
) |
|
|
(107 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balances as of December 31, 2014
|
|
$ |
2,453 |
|
|
$ |
2,070 |
|
|
$ |
(77 |
) |
|
$ |
4,446 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (1) |
Net of adjustments to DAC, PVFP,
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
|
|
|
(1,772 |
) |
|
|
(561 |
) |
|
|
(442 |
) |
|
|
(2,775 |
) |
|
Amounts reclassified from (to) OCI
|
|
|
21 |
|
|
|
(29 |
) |
|
|
— |
|
|
|
(8 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current period OCI
|
|
|
(1,751 |
) |
|
|
(590 |
) |
|
|
(442 |
) |
|
|
(2,783 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balances as of December 31, 2013 before noncontrolling
interests
|
|
|
887 |
|
|
|
1,319 |
|
|
|
213 |
|
|
|
2,419 |
|
|
Less: change in OCI attributable to noncontrolling interests
|
|
|
(39 |
) |
|
|
— |
|
|
|
(84 |
) |
|
|
(123 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balances as of December 31, 2013
|
|
$ |
926 |
|
|
$ |
1,319 |
|
|
$ |
297 |
|
|
$ |
2,542 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (1) |
Net of adjustments to DAC, PVFP,
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
|
|
|
1,106 |
|
|
|
(77 |
) |
|
|
126 |
|
|
|
1,155 |
|
|
Amounts reclassified from (to) OCI
|
|
|
50 |
|
|
|
(23 |
) |
|
|
— |
|
|
|
27 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current period OCI
|
|
|
1,156 |
|
|
|
(100 |
) |
|
|
126 |
|
|
|
1,182 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balances as of December 31, 2012 before noncontrolling
interests
|
|
|
2,641 |
|
|
|
1,909 |
|
|
|
679 |
|
|
|
5,229 |
|
|
Less: change in OCI attributable to noncontrolling interests
|
|
|
3 |
|
|
|
— |
|
|
|
24 |
|
|
|
27 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balances as of December 31, 2012
|
|
$ |
2,638 |
|
|
$ |
1,909 |
|
|
$ |
655 |
|
|
$ |
5,202 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (1) |
Net of adjustments to DAC, PVFP,
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 $37 million, $6 million and $26 million, respectively, net
of taxes of $14 million, $1 million and $15 million, respectively,
related to a net unrecognized postretirement benefit obligation as
of December 31, 2014, 2013 and 2012. Amount also included
taxes of $(10) million, $39 million and $58 million, respectively,
related to foreign currency translation adjustments as of
December 31, 2014, 2013 and 2012.
The following table shows reclassifications out of accumulated
other comprehensive income (loss), net of taxes, for the periods
presented:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Amount reclassified from accumulated
other comprehensive income (loss) |
|
|
Affected line item in the
consolidated statements
of income |
| |
|
Years ended December 31, |
|
|
|
(Amounts in millions)
|
|
2014 |
|
|
2013 |
|
|
2012 |
|
|
|
Net unrealized investment (gains) losses:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized (gains) losses on investments (1)
|
|
$ |
(19 |
) |
|
$ |
33 |
|
|
$ |
77 |
|
|
Net investment (gains) losses |
|
Provision for income taxes
|
|
|
7 |
|
|
|
(12 |
) |
|
|
(27 |
) |
|
Provision for income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
(12 |
) |
|
$ |
21 |
|
|
$ |
50 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivatives qualifying as hedges:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest rate swaps hedging assets
|
|
$ |
(63 |
) |
|
$ |
(47 |
) |
|
$ |
(40 |
) |
|
Net investment income |
|
Interest rate swaps hedging assets
|
|
|
(2 |
) |
|
|
(1 |
) |
|
|
(2 |
) |
|
Net investment (gains)
losses |
|
Interest rate swaps hedging liabilities
|
|
|
(1 |
) |
|
|
(2 |
) |
|
|
(2 |
) |
|
Interest expense |
|
Inflation indexed swaps
|
|
|
9 |
|
|
|
5 |
|
|
|
9 |
|
|
Net investment income |
|
Provision for income taxes
|
|
|
20 |
|
|
|
16 |
|
|
|
12 |
|
|
Provision for income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
(37 |
) |
|
$ |
(29 |
) |
|
$ |
(23 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (1) |
Amounts exclude adjustments to DAC,
PVFP, sales inducements and benefit reserves. |
|