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Accumulated Other Comprehensive Income (Tables)
 6 Months Ended
Jun. 30, 2018
Accumulated Other Comprehensive Income [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
(Dollars in millions)
 
Three months ended June 30,
 
 
2018
 
 
2017
 
 
Before tax
 
Income tax
 
Net
 
 
Before tax
 
Income tax
 
Net
Investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
AOCI, beginning of period
 
$
164

 
$
35

 
$
129

 
 
$
2,756

 
$
954

 
$
1,802

OCI before investment gains and losses, net, recognized in net income
 
(78
)
 
(18
)
 
(60
)
 
 
211

 
74

 
137

Investment gains and losses, net, recognized in net income
 
(2
)
 
—

 
(2
)
 
 
10

 
3

 
7

OCI
 
(80
)
 
(18
)
 
(62
)
 
 
221

 
77

 
144

AOCI, end of period
 
$
84

 
$
17

 
$
67

 
 
$
2,977

 
$
1,031

 
$
1,946

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Pension obligations:
 
 
 
 
 
 
 
 
 
 
 
 
 
AOCI, beginning of period
 
$
(12
)
 
$
(1
)
 
$
(11
)
 
 
$
(25
)
 
$
(8
)
 
$
(17
)
OCI excluding amortization recognized in net income
 
—

 
—

 
—

 
 
—

 
—

 
—

Amortization recognized in net income
 
1

 
—

 
1

 
 
—

 
—

 
—

OCI
 
1

 
—

 
1

 
 
—

 
—

 
—

AOCI, end of period
 
$
(11
)
 
$
(1
)
 
$
(10
)
 
 
$
(25
)
 
$
(8
)
 
$
(17
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Life deferred acquisition costs, life policy reserves and other:
 
 
 
 
 
 
 
 
 
 
 
 
 
AOCI, beginning of period
 
$
(4
)
 
$
(1
)
 
$
(3
)
 
 
$
(7
)
 
$
(2
)
 
$
(5
)
OCI before investment gains and losses, net, recognized in net income
 
—

 
—

 
—

 
 
—

 
(1
)
 
1

Investment gains and losses, net, recognized in net income
 
2

 
1

 
1

 
 
1

 
1

 
—

OCI
 
2

 
1

 
1

 
 
1

 
—

 
1

AOCI, end of period
 
$
(2
)
 
$
—

 
$
(2
)
 
 
$
(6
)
 
$
(2
)
 
$
(4
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Summary of AOCI:
 
 
 
 
 
 
 
 
 
 
 
 
 
AOCI, beginning of period
 
$
148

 
$
33

 
$
115

 
 
$
2,724

 
$
944

 
$
1,780

Investments OCI
 
(80
)
 
(18
)
 
(62
)
 
 
221

 
77

 
144

Pension obligations OCI
 
1

 
—

 
1

 
 
—

 
—

 
—

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

 
1

 
1

 
 
1

 
—

 
1

Total OCI
 
(77
)
 
(17
)
 
(60
)
 
 
222

 
77

 
145

AOCI, end of period
 
$
71

 
$
16

 
$
55

 
 
$
2,946

 
$
1,021

 
$
1,925

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Dollars in millions)
Six months ended June 30,
 
2018
 
 
2017
 
Before tax
 
Income tax
 
Net
 
 
Before tax
 
Income tax
 
Net
Investments:
 
 
 
 
 
 
 
 
 
 
 
 
AOCI, beginning of period
$
3,540

 
$
733

 
$
2,807

 
 
$
2,625

 
$
908

 
$
1,717

Cumulative effect of change in accounting for equity securities as of January 1, 2018
(3,155
)
 
(652
)
 
(2,503
)
 
 
—

 
—

 
—

Adjusted AOCI, beginning of period
385

 
81

 
304

 
 
2,625

 
908

 
1,717

OCI before investment gains and losses, net, recognized in net income
(295
)
 
(63
)
 
(232
)
 
 
501

 
176

 
325

Investment gains and losses, net, recognized in net income
(6
)
 
(1
)
 
(5
)
 
 
(149
)
 
(53
)
 
(96
)
OCI
(301
)
 
(64
)
 
(237
)
 
 
352

 
123

 
229

AOCI, end of period
$
84

 
$
17

 
$
67

 
 
$
2,977

 
$
1,031

 
$
1,946

 
 
 
 
 
 
 
 
 
 
 
 
 
Pension obligations:
 
 
 
 
 
 
 
 
 
 
 
 
AOCI, beginning of period
$
(12
)
 
$
(1
)
 
$
(11
)
 
 
$
(26
)
 
$
(8
)
 
$
(18
)
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
$
(11
)
 
$
(1
)
 
$
(10
)
 
 
$
(25
)
 
$
(8
)
 
$
(17
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Life deferred acquisition costs, life policy reserves and other:
 
 
 
 
 
 
 
 
 
 
 
 
AOCI, beginning of period
$
(10
)
 
$
(2
)
 
$
(8
)
 
 
$
(9
)
 
$
(3
)
 
$
(6
)
OCI before investment gains and losses, net, recognized in net income
6

 
1

 
5

 
 
3

 
1

 
2

Investment gains and losses, net, recognized in net income
2

 
1

 
1

 
 
—

 
—

 
—

OCI
8

 
2

 
6

 
 
3

 
1

 
2

AOCI, end of period
$
(2
)
 
$
—

 
$
(2
)
 
 
$
(6
)
 
$
(2
)
 
$
(4
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Summary of AOCI:
 
 
 
 
 
 
 
 
 
 
 
 
AOCI, beginning of period
$
3,518

 
$
730

 
$
2,788

 
 
$
2,590

 
$
897

 
$
1,693

Cumulative effect of change in accounting for equity securities as of January 1, 2018
(3,155
)
 
(652
)
 
(2,503
)
 
 
—

 
—

 
—

Adjusted AOCI, beginning of period
363

 
78

 
285

 
 
2,590

 
897

 
1,693

Investments OCI
(301
)
 
(64
)
 
(237
)
 
 
352

 
123

 
229

Pension obligations OCI
1

 
—

 
1

 
 
1

 
—

 
1

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

 
2

 
6

 
 
3

 
1

 
2

Total OCI
(292
)
 
(62
)
 
(230
)
 
 
356

 
124

 
232

AOCI, end of period
$
71

 
$
16

 
$
55

 
 
$
2,946

 
$
1,021

 
$
1,925