XML 25 R15.htm IDEA: XBRL DOCUMENT v3.5.0.2
Accumulated Other Comprehensive Income
 6 Months Ended
Jun. 30, 2016
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 June 30,
 
 
2016
 
 
2015
 
 
Before tax
 
Income tax
 
Net
 
 
Before tax
 
Income tax
 
Net
Investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
AOCI, beginning of period
 
$
2,384

 
$
822

 
$
1,562

 
 
$
2,676

 
$
927

 
$
1,749

OCI before realized gains recognized in net income
 
331

 
118

 
213

 
 
(260
)
 
(91
)
 
(169
)
Realized gains recognized in net income
 
(42
)
 
(15
)
 
(27
)
 
 
(59
)
 
(21
)
 
(38
)
OCI
 
289

 
103

 
186

 
 
(319
)
 
(112
)
 
(207
)
AOCI, end of period
 
$
2,673

 
$
925

 
$
1,748

 
 
$
2,357

 
$
815

 
$
1,542

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pension obligations:
 
 
 
 
 
 
 
 
 
 
 
 
 
AOCI, beginning of period
 
$
(41
)
 
$
(13
)
 
$
(28
)
 
 
$
(35
)
 
$
(12
)
 
$
(23
)
OCI excluding amortization recognized in net income
 
—

 
—

 
—

 
 
—

 
—

 
—

Amortization recognized in net income
 
1

 
—

 
1

 
 
2

 
1

 
1

OCI
 
1

 
—

 
1

 
 
2

 
1

 
1

AOCI, end of period
 
$
(40
)
 
$
(13
)
 
$
(27
)
 
 
$
(33
)
 
$
(11
)
 
$
(22
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Life deferred acquisition costs, life policy reserves and other:
 
 
 
 
 
 
 
 
 
 
 
 
 
AOCI, beginning of period
 
$
(3
)
 
$
—

 
$
(3
)
 
 
$
(14
)
 
$
(4
)
 
$
(10
)
OCI before realized gains recognized in net income
 
(5
)
 
(2
)
 
(3
)
 
 
7

 
3

 
4

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

OCI
 
(7
)
 
(3
)
 
(4
)
 
 
6

 
2

 
4

AOCI, end of period
 
$
(10
)
 
$
(3
)
 
$
(7
)
 
 
$
(8
)
 
$
(2
)
 
$
(6
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Summary of AOCI:
 
 
 
 
 
 
 
 
 
 
 
 
 
AOCI, beginning of period
 
$
2,340

 
$
809

 
$
1,531

 
 
$
2,627

 
$
911

 
$
1,716

Investments OCI
 
289

 
103

 
186

 
 
(319
)
 
(112
)
 
(207
)
Pension obligations OCI
 
1

 
—

 
1

 
 
2

 
1

 
1

Life deferred acquisition costs, life policy reserves and other OCI
 
(7
)
 
(3
)
 
(4
)
 
 
6

 
2

 
4

Total OCI
 
283

 
100

 
183

 
 
(311
)
 
(109
)
 
(202
)
AOCI, end of period
 
$
2,623

 
$
909

 
$
1,714

 
 
$
2,316

 
$
802

 
$
1,514

 
 
 
 
 
 
 
 
 
 
 
 
 
 

(Dollars in millions)
Six months ended June 30,
 
2016
 
 
2015
 
Before tax
 
Income tax
 
Net
 
 
Before tax
 
Income tax
 
Net
Investments:
 
 
 
 
 
 
 
 
 
 
 
 
AOCI, beginning of period
$
2,094

 
$
722

 
$
1,372

 
 
$
2,719

 
$
942

 
$
1,777

OCI excluding realized gains recognized in net income
682

 
239

 
443

 
 
(257
)
 
(90
)
 
(167
)
Realized gains recognized in net income
(103
)
 
(36
)
 
(67
)
 
 
(105
)
 
(37
)
 
(68
)
OCI
579

 
203

 
376

 
 
(362
)
 
(127
)
 
(235
)
AOCI, end of period
$
2,673

 
$
925

 
$
1,748

 
 
$
2,357

 
$
815

 
$
1,542

 
 
 
 
 
 
 
 
 
 
 
 
 
Pension obligations:
 
 
 
 
 
 
 
 
 
 
 
 
AOCI, beginning of period
$
(42
)
 
$
(14
)
 
$
(28
)
 
 
$
(36
)
 
$
(12
)
 
$
(24
)
OCI excluding amortization recognized in net income
—

 
—

 
—

 
 
—

 
—

 
—

Amortization recognized in net income
2

 
1

 
1

 
 
3

 
1

 
2

OCI
2

 
1

 
1

 
 
3

 
1

 
2

AOCI, end of period
$
(40
)
 
$
(13
)
 
$
(27
)
 
 
$
(33
)
 
$
(11
)
 
$
(22
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Life deferred acquisition costs, life policy reserves and other:
 
 
 
 
 
 
 
 
 
 
 
 
AOCI, beginning of period
$
1

 
$
1

 
$
—

 
 
$
(12
)
 
$
(3
)
 
$
(9
)
OCI excluding realized gains recognized in net income
(9
)
 
(3
)
 
(6
)
 
 
6

 
2

 
4

Realized gains recognized in net income
(2
)
 
(1
)
 
(1
)
 
 
(2
)
 
(1
)
 
(1
)
OCI
(11
)
 
(4
)
 
(7
)
 
 
4

 
1

 
3

AOCI, end of period
$
(10
)
 
$
(3
)
 
$
(7
)
 
 
$
(8
)
 
$
(2
)
 
$
(6
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Summary of AOCI:
 
 
 
 
 
 
 
 
 
 
 
 
AOCI, beginning of period
$
2,053

 
$
709

 
$
1,344

 
 
$
2,671

 
$
927

 
$
1,744

Investments OCI
579

 
203

 
376

 
 
(362
)
 
(127
)
 
(235
)
Pension obligations OCI
2

 
1

 
1

 
 
3

 
1

 
2

Life deferred acquisition costs, life policy reserves and other OCI
(11
)
 
(4
)
 
(7
)
 
 
4

 
1

 
3

Total OCI
570

 
200

 
370

 
 
(355
)
 
(125
)
 
(230
)
AOCI, end of period
$
2,623

 
$
909

 
$
1,714

 
 
$
2,316

 
$
802

 
$
1,514

 
 
 
 
 
 
 
 
 
 
 
 
 

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.