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Accumulated Other Comprehensive Income
 9 Months Ended
Sep. 30, 2015
Accumulated Other Comprehensive Income [Abstract]  
Comprehensive Income (Loss) Note
Accumulated Other Comprehensive Income
Accumulated other comprehensive income (AOCI) includes changes in unrealized gains and losses on investments, changes in pension obligations and changes in life deferred acquisition costs, life policy reserves and other as follows:
(Dollars in millions)
 
Three months ended September 30,
 
 
2015
 
 
2014
 
 
Before tax
 
Income tax
 
Net
 
 
Before tax
 
Income tax
 
Net
Investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
AOCI, beginning of period
 
$
2,357

 
$
815

 
$
1,542

 
 
$
2,687

 
$
931

 
$
1,756

OCI before realized gains recognized in net income
 
(363
)
 
(126
)
 
(237
)
 
 
(55
)
 
(20
)
 
(35
)
Realized gains recognized in net income
 
(2
)
 
(1
)
 
(1
)
 
 
(65
)
 
(22
)
 
(43
)
OCI
 
(365
)
 
(127
)
 
(238
)
 
 
(120
)
 
(42
)
 
(78
)
AOCI, end of period
 
$
1,992

 
$
688

 
$
1,304

 
 
$
2,567

 
$
889

 
$
1,678

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pension obligations:
 
 
 
 
 
 
 
 
 
 
 
 
 
AOCI, beginning of period
 
$
(33
)
 
$
(11
)
 
$
(22
)
 
 
$
(19
)
 
$
(6
)
 
$
(13
)
OCI excluding amortization recognized in net income
 
—

 
—

 
—

 
 
—

 
—

 
—

Amortization recognized in net income
 
1

 
—

 
1

 
 
—

 
—

 
—

OCI
 
1

 
—

 
1

 
 
1

 
—

 
1

AOCI, end of period
 
$
(32
)
 
$
(11
)
 
$
(21
)
 
 
$
(18
)
 
$
(6
)
 
$
(12
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Life deferred acquisition costs, life policy reserves and other:
 
 
 
 
 
 
 
 
 
 
 
 
 
AOCI, beginning of period
 
$
(8
)
 
$
(2
)
 
$
(6
)
 
 
$
(16
)
 
$
(5
)
 
$
(11
)
OCI before realized gains recognized in net income
 
5

 
1

 
4

 
 
5

 
2

 
3

Realized gains recognized in net income
 
(1
)
 
—

 
(1
)
 
 
—

 
—

 
—

OCI
 
4

 
1

 
3

 
 
5

 
2

 
3

AOCI, end of period
 
$
(4
)
 
$
(1
)
 
$
(3
)
 
 
$
(11
)
 
$
(3
)
 
$
(8
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Summary of AOCI:
 
 
 
 
 
 
 
 
 
 
 
 
 
AOCI, beginning of period
 
$
2,316

 
$
802

 
$
1,514

 
 
$
2,652

 
$
920

 
$
1,732

Investments OCI
 
(365
)
 
(127
)
 
(238
)
 
 
(120
)
 
(42
)
 
(78
)
Pension obligations OCI
 
1

 
—

 
1

 
 
1

 
—

 
1

Life deferred acquisition costs, life policy reserves and other OCI
 
4

 
1

 
3

 
 
5

 
2

 
3

Total OCI
 
(360
)
 
(126
)
 
(234
)
 
 
(114
)
 
(40
)
 
(74
)
AOCI, end of period
 
$
1,956

 
$
676

 
$
1,280

 
 
$
2,538

 
$
880

 
$
1,658

 
 
 
 
 
 
 
 
 
 
 
 
 
 

(Dollars in millions)
Nine months ended September 30,
 
2015
 
 
2014
 
Before tax
 
Income tax
 
Net
 
 
Before tax
 
Income tax
 
Net
Investments:
 
 
 
 
 
 
 
 
 
 
 
 
AOCI, beginning of period
$
2,719

 
$
942

 
$
1,777

 
 
$
2,335

 
$
808

 
$
1,527

OCI excluding realized gains recognized in net income
(620
)
 
(216
)
 
(404
)
 
 
332

 
115

 
217

Realized gains recognized in net income
(107
)
 
(38
)
 
(69
)
 
 
(100
)
 
(34
)
 
(66
)
OCI
(727
)
 
(254
)
 
(473
)
 
 
232

 
81

 
151

AOCI, end of period
$
1,992

 
$
688

 
$
1,304

 
 
$
2,567

 
$
889

 
$
1,678

 
 
 
 
 
 
 
 
 
 
 
 
 
Pension obligations:
 
 
 
 
 
 
 
 
 
 
 
 
AOCI, beginning of period
$
(36
)
 
$
(12
)
 
$
(24
)
 
 
$
(18
)
 
$
(6
)
 
$
(12
)
OCI excluding amortization recognized in net income
—

 
—

 
—

 
 
—

 
—

 
—

Amortization recognized in net income
4

 
1

 
3

 
 
—

 
—

 
—

OCI
4

 
1

 
3

 
 
—

 
—

 
—

AOCI, end of period
$
(32
)
 
$
(11
)
 
$
(21
)
 
 
$
(18
)
 
$
(6
)
 
$
(12
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Life deferred acquisition costs, life policy reserves and other:
 
 
 
 
 
 
 
 
 
 
 
 
AOCI, beginning of period
$
(12
)
 
$
(3
)
 
$
(9
)
 
 
$
(16
)
 
$
(5
)
 
$
(11
)
OCI excluding realized gains recognized in net income
11

 
3

 
8

 
 
6

 
3

 
3

Realized gains recognized in net income
(3
)
 
(1
)
 
(2
)
 
 
(1
)
 
(1
)
 
—

OCI
8

 
2

 
6

 
 
5

 
2

 
3

AOCI, end of period
$
(4
)
 
$
(1
)
 
$
(3
)
 
 
$
(11
)
 
$
(3
)
 
$
(8
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Summary of AOCI:
 
 
 
 
 
 
 
 
 
 
 
 
AOCI, beginning of period
$
2,671

 
$
927

 
$
1,744

 
 
$
2,301

 
$
797

 
$
1,504

Investments OCI
(727
)
 
(254
)
 
(473
)
 
 
232

 
81

 
151

Pension obligations OCI
4

 
1

 
3

 
 
—

 
—

 
—

Life deferred acquisition costs, life policy reserves and other OCI
8

 
2

 
6

 
 
5

 
2

 
3

Total OCI
(715
)
 
(251
)
 
(464
)
 
 
237

 
83

 
154

AOCI, end of period
$
1,956

 
$
676

 
$
1,280

 
 
$
2,538

 
$
880

 
$
1,658

 
 
 
 
 
 
 
 
 
 
 
 
 

Investments realized gains and life deferred acquisition costs, life policy reserves and other realized gains are recorded in the realized investment gains, net, line item in the condensed consolidated statements of income. Amortization on pension obligations is recorded in the insurance losses and contract holders' benefits and underwriting, acquisition and insurance expenses in the condensed consolidated statements of income.