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Schedule Of Income Loss On Sale Recorded In Our Disposition Group (Detail) - Genworth Canada MI
$ in Millions
3 Months Ended
Sep. 30, 2019
USD ($)
Net cash proceeds $ 1,726
Add: adjusted carrying value of noncontrolling interests 1,405 [1]
Total adjusted consideration 3,131 [2]
Carrying value of the disposal group before accumulated other comprehensive income (loss) 3,017
Add: total accumulated other comprehensive (income) loss of disposal group 303 [3]
Total adjusted carrying value of the disposal group 3,320
Pre-tax loss on sale (189)
Tax benefit on sale 25
After-tax loss on sale $ (164)
[1] In accordance with accounting guidance on the deconsolidation of a subsidiary or group of assets, the carrying amount of any noncontrolling interests in the subsidiary to be sold (adjusted to reflect amounts in accumulated other comprehensive income (loss) required to be derecognized upon final disposition) is added to the total fair value of the consideration to be received.
[2] Represents the aggregate of the estimated net cash proceeds to be received upon sale closing plus the carrying amount of noncontrolling interests, including accumulated other comprehensive income (loss) attributable to noncontrolling interests.
[3] Consists primarily of cumulative losses on foreign currency translation adjustments and deferred tax losses, partially offset by unrealized investment gains.