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Accumulated Other Comprehensive Income
 3 Months Ended
Mar. 31, 2017
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 March 31,
 
2017
 
 
2016
 
Before tax
 
Income tax
 
Net
 
 
Before tax
 
Income tax
 
Net
Investments:
 
 
 
 
 
 
 
 
 
 
 
 
AOCI, beginning of period
$
2,625

 
$
908

 
$
1,717

 
 
$
2,094

 
$
722

 
$
1,372

OCI before realized gains recognized in net income
290

 
102

 
188

 
 
351

 
121

 
230

Realized gains recognized in net income
(159
)
 
(56
)
 
(103
)
 
 
(61
)
 
(21
)
 
(40
)
OCI
131

 
46

 
85

 
 
290

 
100

 
190

AOCI, end of period
$
2,756

 
$
954

 
$
1,802

 
 
$
2,384

 
$
822

 
$
1,562

 
 
 
 
 
 
 
 
 
 
 
 
 
Pension obligations:
 
 
 
 
 
 
 
 
 
 
 
 
AOCI, beginning of period
$
(26
)
 
$
(8
)
 
$
(18
)
 
 
$
(42
)
 
$
(14
)
 
$
(28
)
OCI excluding amortization recognized in net income
—

 
—

 
—

 
 
—

 
—

 
—

Amortization recognized in net income
1

 
—

 
1

 
 
1

 
1

 
—

OCI
1

 
—

 
1

 
 
1

 
1

 
—

AOCI, end of period
$
(25
)
 
$
(8
)
 
$
(17
)
 
 
$
(41
)
 
$
(13
)
 
$
(28
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Life deferred acquisition costs, life policy reserves and other:
 
 
 
 
 
 
 
 
 
 
 
 
AOCI, beginning of period
$
(9
)
 
$
(3
)
 
$
(6
)
 
 
$
1

 
$
1

 
$
—

OCI before realized gains recognized in net income
3

 
2

 
1

 
 
(4
)
 
(1
)
 
(3
)
Realized gains recognized in net income
(1
)
 
(1
)
 
—

 
 
—

 
—

 
—

OCI
2

 
1

 
1

 
 
(4
)
 
(1
)
 
(3
)
AOCI, end of period
$
(7
)
 
$
(2
)
 
$
(5
)
 
 
$
(3
)
 
$
—

 
$
(3
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Summary of AOCI:
 
 
 
 
 
 
 
 
 
 
 
 
AOCI, beginning of period
$
2,590

 
$
897

 
$
1,693

 
 
$
2,053

 
$
709

 
$
1,344

Investments OCI
131

 
46

 
85

 
 
290

 
100

 
190

Pension obligations OCI
1

 
—

 
1

 
 
1

 
1

 
—

Life deferred acquisition costs, life policy reserves and other OCI
2

 
1

 
1

 
 
(4
)
 
(1
)
 
(3
)
Total OCI
134

 
47

 
87

 
 
287

 
100

 
187

AOCI, end of period
$
2,724

 
$
944

 
$
1,780

 
 
$
2,340

 
$
809

 
$
1,531

 
 
 
 
 
 
 
 
 
 
 
 
 

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.