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Equity (Tables)
 6 Months Ended
Jun. 30, 2019
Equity [Abstract]  
Share Repurchase Authorization
The following summarizes the activity on our share repurchase authorization:
(In millions)
 
Initial authorization
$
250

Repurchases
(100
)
Remaining authorization at December 31, 2018
150

First additional authorization
247

Second additional authorization
120

Repurchases
(423
)
Remaining authorization at June 30, 2019
94

Third additional authorization
350

Repurchases
(19
)
Remaining authorization at August 5, 2019
$
425
Accumulated Other Comprehensive Income The following provides the details of AOCI and changes in AOCI:
(In millions)
June 30, 2019
 
December 31, 2018
AFS securities
$
2,965

 
$
(766
)
DAC, DSI, VOBA and future policy benefits adjustments on AFS securities
(837
)
 
154

Noncredit component of OTTI losses on AFS securities
(21
)
 
(19
)
Hedging instruments
98

 
51

Pension adjustments
(3
)
 
(2
)
Foreign currency translation adjustments
(3
)
 
(3
)
Accumulated other comprehensive income (loss), before taxes
2,199

 
(585
)
Deferred income taxes
(439
)
 
113

Accumulated other comprehensive income (loss)
$
1,760

 
$
(472
)

Changes in AOCI are presented below:
 
Three months ended June 30,
 
Six months ended June 30,
(In millions)
2019
 
2018
 
2019
 
2018
Unrealized investment gains (losses) on AFS securities
 
 
 
 
 
 
 
Unrealized investment gains (losses) on AFS securities
$
1,776

 
$
(889
)
 
$
3,758

 
$
(2,171
)
Change in DAC, DSI, VOBA and future policy benefits adjustment
(480
)
 
198

 
(991
)
 
608

Less: Reclassification adjustment for gains (losses) realized in net income1
34

 
11

 
27

 
30

Less: Income tax expense (benefit)
249

 
(145
)
 
542

 
(304
)
Net unrealized investment gains (losses) on AFS securities
1,013

 
(557
)
 
2,198

 
(1,289
)
Noncredit component of OTTI losses on AFS securities
 
 
 
 
 
 
 
Noncredit component of OTTI losses on AFS securities
—

 
1

 
(1
)
 
—

Less: Reclassification adjustment for losses realized in net income1
1

 
1

 
1

 
—

Net noncredit component of OTTI losses on AFS securities
(1
)
 
—

 
(2
)
 
—

Unrealized gains (losses) on hedging instruments
 
 
 
 
 
 
 
Unrealized gains (losses) on hedging instruments
55

 
101

 
47

 
45

Less: Income tax expense
12

 
29

 
10

 
9

Net unrealized gains (losses) on hedging instruments
43

 
72

 
37

 
36

Pension adjustments
—

 
—

 
(1
)
 
3

Foreign currency translation adjustments
(1
)
 
(2
)
 
—

 
(10
)
Change in AOCI from other comprehensive income (loss)
1,054

 
(487
)
 
2,232

 
(1,260
)
Adoption of accounting standards
—

 
—

 
—

 
(42
)
Change in AOCI
$
1,054

 
$
(487
)
 
$
2,232

 
$
(1,302
)
 
 
 
 
 
 
 
 
1 Recognized in investment related gains (losses) on the condensed consolidated statements of income.