Accumulated Other Comprehensive Income (Loss) (Tables)

12 Months Ended

Dec. 31, 2019

Changes, net of tax, in accumulated other comprehensive income (loss)

Changes, net of tax, in accumulated other comprehensive income (loss) were as follows:


(dollars in millions)	Unrealized Gains (Losses) Available-for-Sale Securities		Retirement Plan Liabilities Adjustments		Foreign Currency Translation Adjustments		Total Accumulated Other Comprehensive Income (Loss)














Year Ended December 31, 2019
Balance at beginning of period	$	(28)	$	(3)	$	(3)	$	(34)
Other comprehensive income before reclassifications	68		6		3		77
Reclassification adjustments from accumulated other comprehensive income	1		—		—		1
Balance at end of period	$	41	$	3	$	—	$	44

Year Ended December 31, 2018
Balance at beginning of period	$	4	$	4	$	3	$	11
Other comprehensive loss before reclassifications	(35)		(4)		(9)		(48)
Reclassification adjustments from accumulated other comprehensive income	1		—		—		1
Impact of AOCI reclassification due to the Tax Act	2		(3)		3		2
Balance at end of period	$	(28)	$	(3)	$	(3)	$	(34)

Year Ended December 31, 2017
Balance at beginning of period	$	(1)	$	(4)	$	(1)	$	(6)
Other comprehensive income before reclassifications	14		9		4		27
Reclassification adjustments from accumulated other comprehensive loss	(9)		(1)		—		(10)
Balance at end of period	$	4	$	4	$	3	$	11

Reclassification adjustments from accumulated other comprehensive income (loss)

Reclassification adjustments from accumulated other comprehensive income (loss) to the applicable line item on our consolidated statements of operations were as follows:


(dollars in millions)
Years Ended December 31,	2019		2018		2017

Unrealized gains (losses) on available-for-sale securities:
Reclassification from accumulated other comprehensive income (loss) to investment revenues, before taxes	$	(1)	$	(2)	$	14
Income tax effect	—		1		(5)
Reclassification from accumulated other comprehensive income (loss) to investment revenues, net of taxes	(1)		(1)		9
Unrealized gains (losses) on retirement plan liabilities:
Reclassification from accumulated other comprehensive income (loss) to retirement plan liabilities adjustments, before taxes	$	—	$	—	$	2
Income tax effect	—		—		(1)
Reclassification from accumulated other comprehensive income (loss) to retirement plan liabilities adjustments, net of taxes	—		—		1
Total	$	(1)	$	(1)	$	10