Changes In Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2017

Component of Changes in Accumulated Other Comprehensive Income (Loss), Net of Taxes

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, 2017	$	1,262		$	2,085		$	(253	)	$	3,094
OCI before reclassifications		(84	)		38			251			205
Amounts reclassified from (to) OCI		(102	)		(58	)		—			(160	)

Current period OCI		(186	)		(20	)		251			45

Balances as of December 31, 2017 before noncontrolling interests		1,076			2,065			(2	)		3,139
Less: change in OCI attributable to noncontrolling interests		(9	)		—			121			112

Balances as of December 31, 2017	$	1,085		$	2,065		$	(123	)	$	3,027

⁽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, 2016	$	1,254		$	2,045		$	(289	)	$	3,010
OCI before reclassifications		54			120			54			228
Amounts reclassified from (to) OCI		(57	)		(80	)		—			(137	)

Current period OCI		(3	)		40			54			91

Balances as of December 31, 2016 before noncontrolling interests		1,251			2,085			(235	)		3,101
Less: change in OCI attributable to noncontrolling interests		(11	)		—			18			7

Balances as of December 31, 2016	$	1,262		$	2,085		$	(253	)	$	3,094

⁽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, 2015	$	2,453		$	2,070		$	(77	)	$	4,446
OCI before reclassifications		(1,218	)		50			(530	)		(1,698	)
Amounts reclassified from (to) OCI		5			(75	)		—			(70	)

Current period OCI		(1,213	)		(25	)		(530	)		(1,768	)

Balances as of December 31, 2015 before noncontrolling interests		1,240			2,045			(607	)		2,678
Less: change in OCI attributable to noncontrolling interests		(14	)		—			(318	)		(332	)

Balances as of December 31, 2015	$	1,254		$	2,045		$	(289	)	$	3,010

⁽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.

Reclassifications in (out) of Accumulated Other Comprehensive Income (Loss), Net of Taxes

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)	2017			2016			2015
Net unrealized investment (gains) losses:
Unrealized (gains) losses on investments ⁽¹⁾	$	(157	)	$	(88	)	$	7		Net investment (gains) losses
(Provision) benefit for income taxes		55			31			(2	)	(Provision) benefit for income taxes

Total	$	(102	)	$	(57	)	$	5


Derivatives qualifying as hedges:
Interest rate swaps hedging assets	$	(131	)	$	(112	)	$	(85	)	Net investment income
Interest rate swaps hedging assets		(8	)		(2	)		—		Net investment (gains) losses
Inflation indexed swaps		—			(2	)		—		Net investment income
Inflation indexed swaps		—			(7	)		—		Net investment (gains) losses
Forward bond purchase commitments		—			—			(1	)	Net investment income
Forward bond purchase commitments		—			—			(32	)	Net investment (gains) losses
(Provision) benefit for income taxes		81			43			43		(Provision) benefit for income taxes

Total	$	(58	)	$	(80	)	$	(75	)

⁽¹⁾	Amounts exclude adjustments to DAC, PVFP, sales inducements and benefit reserves.